NRGY.TO vs. ENBE.TO
NRGY.TO (Global X Equal Weight Canadian Oil & Gas Index ETF) and ENBE.TO (Harvest Enbridge Enhanced High Income Shares ETF) are both exchange-traded funds - NRGY.TO is a Energy Equities fund tracking the Mirae Asset Equal Weight Canadian Oil & Gas Index, while ENBE.TO is a Derivative Income fund actively managed by Harvest. NRGY.TO is passively managed, while ENBE.TO is actively managed. Their 0.49 correlation means their historical movements had little consistent relationship. NRGY.TO charges 0.49%/yr vs 0.40%/yr for ENBE.TO.
Performance
NRGY.TO vs. ENBE.TO - Performance Comparison
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Returns By Period
In the year-to-date period, NRGY.TO achieves a 37.55% return, which is significantly higher than ENBE.TO's 18.10% return.
NRGY.TO
- 1D
- -2.20%
- 1M
- 6.61%
- 6M
- 26.92%
- YTD
- 37.55%
- 1Y
- 50.30%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 27.83%
ENBE.TO
- 1D
- -1.91%
- 1M
- -2.00%
- 6M
- 15.12%
- YTD
- 18.10%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$149.02K | CA$112.71K | CA$72.45K | |
| CA$140.19K | CA$107.47K | CA$228.07K |
NRGY.TO vs. ENBE.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NRGY.TO Global X Equal Weight Canadian Oil & Gas Index ETF | 37.55% | 6.91% |
ENBE.TO Harvest Enbridge Enhanced High Income Shares ETF | 18.10% | -0.98% |
Correlation
The correlation between NRGY.TO and ENBE.TO is 0.49, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 21, 2025 | 0.49 |
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Return for Risk
NRGY.TO vs. ENBE.TO — Risk / Return Rank
NRGY.TO
ENBE.TO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
NRGY.TO vs. ENBE.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Equal Weight Canadian Oil & Gas Index ETF (NRGY.TO) and Harvest Enbridge Enhanced High Income Shares ETF (ENBE.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NRGY.TO | ENBE.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.46 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 5.03 | — | — |
| Martin ratioReturn relative to average drawdown | 14.21 | — | — |
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Drawdowns
NRGY.TO vs. ENBE.TO - Drawdown Comparison
The maximum NRGY.TO drawdown since its inception was -16.59%, which is greater than ENBE.TO's maximum drawdown of -11.28%. Use the drawdown chart below to compare losses from any high point for NRGY.TO and ENBE.TO.
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Drawdown Indicators
| NRGY.TO | ENBE.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.59% | -11.28% | -5.31% |
Max Drawdown (1Y)Largest decline over 1 year | -10.16% | — | — |
Current DrawdownCurrent decline from peak | -3.75% | -7.07% | +3.32% |
Average DrawdownAverage peak-to-trough decline | -3.71% | -3.15% | -0.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.57% | — | — |
Volatility
NRGY.TO vs. ENBE.TO - Volatility Comparison
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Volatility by Period
| NRGY.TO | ENBE.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.29% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 15.43% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 18.70% | 18.42% | +0.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.92% | 18.42% | +1.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.92% | 18.42% | +1.50% |
NRGY.TO vs. ENBE.TO - Expense Ratio Comparison
NRGY.TO has a 0.49% expense ratio, which is higher than ENBE.TO's 0.40% expense ratio.
Dividends
NRGY.TO vs. ENBE.TO - Dividend Comparison
NRGY.TO's dividend yield for the trailing twelve months is around 3.12%, less than ENBE.TO's 11.16% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
ENBE.TO Harvest Enbridge Enhanced High Income Shares ETF | 11.16% | 4.47% | 0.00% |
NRGY.TO Global X Equal Weight Canadian Oil & Gas Index ETF | 3.12% | 3.87% | 0.56% |
Frequently Asked Questions
NRGY.TO and ENBE.TO have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ENBE.TO is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ENBE.TO is cheaper with a 0.40% expense ratio, compared with 0.49% for NRGY.TO.
NRGY.TO is categorized as Energy Equities, while ENBE.TO is Derivative Income. They also come from different issuers: Global X and Harvest. Their fees differ too: 0.49% for NRGY.TO and 0.40% for ENBE.TO.
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