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NNRG.NEO vs. XEI.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

NNRG.NEO vs. XEI.TO

Last updated Jun 5, 2026

NNRG.NEO (Ninepoint Energy ETF) and XEI.TO (iShares S&P/TSX Composite High Dividend Index ETF) are both exchange-traded funds - NNRG.NEO is a Energy Equities fund tracking the S&P/TSX Capped Energy Total Return Index, while XEI.TO is a Canada Equities fund tracking the S&P/TSX Composite High Dividend Index. Both are passively managed. Over the past 5 years, NNRG.NEO returned 34.11%/yr vs 15.75%/yr for XEI.TO. A 0.61 correlation means they provide meaningful diversification when combined. NNRG.NEO charges 1.79%/yr vs 0.22%/yr for XEI.TO.

Performance

NNRG.NEO vs. XEI.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Ninepoint Energy ETF (NNRG.NEO) and iShares S&P/TSX Composite High Dividend Index ETF (XEI.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, NNRG.NEO achieves a 47.23% return, which is significantly higher than XEI.TO's 23.25% return.

NNRG.NEO

1D
1.12%
1M
-0.66%
YTD
47.23%
6M
39.75%
1Y
71.20%
3Y*
26.98%
5Y*
34.11%
10Y*
—

XEI.TO

1D
0.85%
1M
3.41%
YTD
23.25%
6M
23.82%
1Y
45.53%
3Y*
22.82%
5Y*
15.75%
10Y*
12.30%
*Multi-year figures are annualized to reflect compound growth (CAGR)

NNRG.NEO vs. XEI.TO - Yearly Performance Comparison

2026 (YTD)20252024202320222021
NNRG.NEO
Ninepoint Energy ETF		47.23%19.14%13.26%-4.21%66.18%55.91%
XEI.TO
iShares S&P/TSX Composite High Dividend Index ETF		23.25%25.96%15.42%6.69%0.41%13.11%

Correlation

The correlation between NNRG.NEO and XEI.TO is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.43

Correlation (3Y)
Calculated over the trailing 3-year period

0.51

Correlation (5Y)
Calculated over the trailing 5-year period

0.61

Correlation (All Time)
Calculated using the full available price history since May 12, 2021

0.61

The correlation between NNRG.NEO and XEI.TO shifts across timeframes, from 0.43 (1 year) to 0.61 (5 years), reflecting how their relationship changes across market environments.

NNRG.NEO vs. XEI.TO - Sectors Allocation Comparison

Sectors
NNRG.NEO
XEI.TO

Energy

100.0%
32.1%

Basic Materials

-

4.6%

Communication Services

-

7.6%

Consumer Cyclical

-

6.2%

Consumer Defensive

-

0.5%

Financial Services

-

31.4%

Healthcare

-

0.2%

Industrials

-

0.7%

Real Estate

-

4.8%

Technology

-

0.7%

Utilities

-

11.2%

Energy

NNRG.NEO
100.0%
XEI.TO
32.1%

Basic Materials

NNRG.NEO

-

XEI.TO
4.6%

Communication Services

NNRG.NEO

-

XEI.TO
7.6%

Consumer Cyclical

NNRG.NEO

-

XEI.TO
6.2%

Consumer Defensive

NNRG.NEO

-

XEI.TO
0.5%

Financial Services

NNRG.NEO

-

XEI.TO
31.4%

Healthcare

NNRG.NEO

-

XEI.TO
0.2%

Industrials

NNRG.NEO

-

XEI.TO
0.7%

Real Estate

NNRG.NEO

-

XEI.TO
4.8%

Technology

NNRG.NEO

-

XEI.TO
0.7%

Utilities

NNRG.NEO

-

XEI.TO
11.2%

Compare stocks, funds, or ETFs

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Ninepoint Energy ETF

iShares S&P/TSX Composite High Dividend Index ETF

Often compared with NNRG.NEO:
NNRG.NEO vs. XEG.TONNRG.NEO vs. DXMO.TONNRG.NEO vs. EFX.TONNRG.NEO vs. IXCNNRG.NEO vs. ENCC.TONNRG.NEO vs. CIF.TONNRG.NEO vs. FRU.TO
Often compared with XEI.TO:
XEI.TO vs. VDY.TOXEI.TO vs. XDIV.TOXEI.TO vs. XEQT.TOXEI.TO vs. VFV.TOXEI.TO vs. ZDV.TOXEI.TO vs. CDZ.TOXEI.TO vs. XDV.TO

Return for Risk

NNRG.NEO vs. XEI.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
NNRG.NEO
NNRG.NEO Risk / Return Rank: 8383
Overall Rank
NNRG.NEO Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
NNRG.NEO Sortino Ratio Rank: 7878
Sortino Ratio Rank
NNRG.NEO Omega Ratio Rank: 8181
Omega Ratio Rank
NNRG.NEO Calmar Ratio Rank: 9393
Calmar Ratio Rank
NNRG.NEO Martin Ratio Rank: 7474
Martin Ratio Rank
XEI.TO
XEI.TO Risk / Return Rank: 9898
Overall Rank
XEI.TO Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
XEI.TO Sortino Ratio Rank: 9999
Sortino Ratio Rank
XEI.TO Omega Ratio Rank: 9898
Omega Ratio Rank
XEI.TO Calmar Ratio Rank: 9999
Calmar Ratio Rank
XEI.TO Martin Ratio Rank: 9898
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NNRG.NEO vs. XEI.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ninepoint Energy ETF (NNRG.NEO) and iShares S&P/TSX Composite High Dividend Index ETF (XEI.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

NNRG.NEOXEI.TODifference
Sharpe ratioReturn per unit of total volatility
2.92
6.34

-3.42

Sortino ratioReturn per unit of downside risk
3.45
9.47

-6.02

Omega ratioGain probability vs. loss probability

1.48

2.34

-0.87

Calmar ratioReturn relative to maximum drawdown

6.60

20.39

-13.79

Martin ratioReturn relative to average drawdown

13.91

69.23

-55.33

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NNRG.NEO vs. XEI.TO - Sharpe Ratio Comparison

The current NNRG.NEO Sharpe Ratio is 2.92, which is lower than the XEI.TO Sharpe Ratio of 6.34. The chart below compares the historical Sharpe Ratios of NNRG.NEO and XEI.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

NNRG.NEOXEI.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.92

6.34

-3.42

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.99

1.41

-0.42

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.77

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.08

0.67

+0.41

Drawdowns

NNRG.NEO vs. XEI.TO - Drawdown Comparison

The maximum NNRG.NEO drawdown since its inception was -35.78%, smaller than the maximum XEI.TO drawdown of -45.51%. Use the drawdown chart below to compare losses from any high point for NNRG.NEO and XEI.TO.

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Drawdown Indicators

NNRG.NEOXEI.TODifference

Max Drawdown

Largest peak-to-trough decline

-35.78%

-45.51%

+9.73%

Max Drawdown (1Y)

Largest decline over 1 year

-10.84%

-2.24%

-8.60%

Max Drawdown (3Y)

Largest decline over 3 years

-23.52%

-9.92%

-13.60%

Max Drawdown (5Y)

Largest decline over 5 years

-35.78%

-17.32%

-18.46%

Max Drawdown (10Y)

Largest decline over 10 years

—

-45.51%

—

Current Drawdown

Current decline from peak

-3.63%

0.00%

-3.63%

Average Drawdown

Average peak-to-trough decline

-9.58%

-5.05%

-4.53%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.14%

0.66%

+4.48%

Volatility

NNRG.NEO vs. XEI.TO - Volatility Comparison

Ninepoint Energy ETF (NNRG.NEO) has a higher volatility of 10.30% compared to iShares S&P/TSX Composite High Dividend Index ETF (XEI.TO) at 2.89%. This indicates that NNRG.NEO's price experiences larger fluctuations and is considered to be riskier than XEI.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

NNRG.NEOXEI.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

10.30%

2.89%

+7.41%

Volatility (6M)

Calculated over the trailing 6-month period

20.65%

6.03%

+14.62%

Volatility (1Y)

Calculated over the trailing 1-year period

24.55%

7.24%

+17.31%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

34.60%

11.24%

+23.36%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

34.55%

16.01%

+18.54%

NNRG.NEO vs. XEI.TO - Expense Ratio Comparison

NNRG.NEO has a 1.79% expense ratio, which is higher than XEI.TO's 0.22% expense ratio.

Dividends

NNRG.NEO vs. XEI.TO - Dividend Comparison

NNRG.NEO's dividend yield for the trailing twelve months is around 0.51%, less than XEI.TO's 3.53% yield.

PositionTTM20252024202320222021202020192018201720162015
NNRG.NEO
Ninepoint Energy ETF		0.51%0.37%0.39%0.38%9.08%1.92%0.00%0.00%0.00%0.00%0.00%0.00%
XEI.TO
iShares S&P/TSX Composite High Dividend Index ETF		3.53%4.39%5.56%5.08%4.78%3.65%5.13%4.71%5.53%4.37%4.51%5.75%

Frequently Asked Questions

NNRG.NEO and XEI.TO have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XEI.TO is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XEI.TO is cheaper with a 0.22% expense ratio, compared with 1.79% for NNRG.NEO.

NNRG.NEO is categorized as Energy Equities, while XEI.TO is Canada Equities. NNRG.NEO tracks S&P/TSX Capped Energy Total Return Index, while XEI.TO tracks S&P/TSX Composite High Dividend Index. They also come from different issuers: Ninepoint and iShares. Their fees differ too: 1.79% for NNRG.NEO and 0.22% for XEI.TO.

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