NRGY.TO vs. HCLN.TO

Last updated Aug 5, 2026

NRGY.TO (Global X Equal Weight Canadian Oil & Gas Index ETF) and HCLN.TO (Harvest Clean Energy ETF) are both exchange-traded funds - NRGY.TO is a Energy Equities fund tracking the Mirae Asset Equal Weight Canadian Oil & Gas Index, while HCLN.TO is a Alternative Energy Equities fund actively managed by Harvest. NRGY.TO is passively managed, while HCLN.TO is actively managed. Over the past year, NRGY.TO returned 50.30% vs 21.01% for HCLN.TO. Their 0.11 correlation means their historical movements had little consistent relationship. NRGY.TO charges 0.49%/yr vs 0.40%/yr for HCLN.TO.

Performance

NRGY.TO vs. HCLN.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X Equal Weight Canadian Oil & Gas Index ETF (NRGY.TO) and Harvest Clean Energy ETF (HCLN.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NRGY.TO achieves a 37.55% return, which is significantly higher than HCLN.TO's 2.38% 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%

HCLN.TO

• 1D: 4.67%
• 1M: -6.10%
• 6M: -7.12%
• YTD: 2.38%
• 1Y: 21.01%
• 3Y*: -2.17%
• 5Y*: -7.09%
• 10Y*: —
• ALL TIME*: -11.05%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
HCLN.TO Harvest Clean Energy ETF	CA$29.00K	CA$56.43K	CA$108.74K
NRGY.TO Global X Equal Weight Canadian Oil & Gas Index ETF	CA$140.19K	CA$107.47K	CA$228.07K

NRGY.TO vs. HCLN.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
NRGY.TO Global X Equal Weight Canadian Oil & Gas Index ETF	37.55%	14.36%	-2.64%
HCLN.TO Harvest Clean Energy ETF	2.38%	29.60%	-5.47%

Correlation

The correlation between NRGY.TO and HCLN.TO is 0.05, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.05
Correlation (All Time) Calculated using the full available price history since Nov 8, 2024	0.11

NRGY.TO vs. HCLN.TO - Sectors Allocation Comparison

Sectors	NRGY.TO	HCLN.TO
Energy	100.0%	-
Basic Materials	-	2.7%
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	24.2%
Real Estate	-	-
Technology	-	26.4%
Utilities	-	46.7%

Return for Risk

NRGY.TO vs. HCLN.TO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

NRGY.TO

NRGY.TO Risk / Return Rank: 91
NRGY.TO Sharpe Ratio Rank: 94
NRGY.TO Sortino Ratio Rank: 91
NRGY.TO Omega Ratio Rank: 90
NRGY.TO Calmar Ratio Rank: 94
NRGY.TO Martin Ratio Rank: 87

HCLN.TO

HCLN.TO Risk / Return Rank: 27
HCLN.TO Sharpe Ratio Rank: 27
HCLN.TO Sortino Ratio Rank: 29
HCLN.TO Omega Ratio Rank: 27
HCLN.TO Calmar Ratio Rank: 23
HCLN.TO Martin Ratio Rank: 28

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

NRGY.TO vs. HCLN.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 Clean Energy ETF (HCLN.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	HCLN.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.73	0.73	+2.00
Sortino ratio: Return per unit of downside risk	3.53	1.19	+2.33
Omega ratio: Gain probability vs. loss probability	1.46	1.14	+0.31
Calmar ratio: Return relative to maximum drawdown	5.03	0.78	+4.25
Martin ratio: Return relative to average drawdown	14.21	2.54	+11.67

NRGY.TO vs. HCLN.TO - Sharpe Ratio Comparison

The current NRGY.TO Sharpe Ratio is 2.73, which is higher than the HCLN.TO Sharpe Ratio of 0.73. The chart below compares the historical Sharpe Ratios of NRGY.TO and HCLN.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.

Drawdowns

NRGY.TO vs. HCLN.TO - Drawdown Comparison

The maximum NRGY.TO drawdown since its inception was -16.59%, smaller than the maximum HCLN.TO drawdown of -68.93%. Use the drawdown chart below to compare losses from any high point for NRGY.TO and HCLN.TO.

Drawdown Indicators

	NRGY.TO	HCLN.TO	Difference
Max Drawdown Largest peak-to-trough decline	-16.59%	-68.93%	+52.34%
Max Drawdown (1Y) Largest decline over 1 year	-10.16%	-27.05%	+16.89%
Max Drawdown (3Y) Largest decline over 3 years	—	-41.73%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-62.16%	—
Current Drawdown Current decline from peak	-3.75%	-50.33%	+46.58%
Average Drawdown Average peak-to-trough decline	-3.71%	-45.60%	+41.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.57%	8.28%	-4.71%

Volatility

NRGY.TO vs. HCLN.TO - Volatility Comparison

The current volatility for Global X Equal Weight Canadian Oil & Gas Index ETF (NRGY.TO) is 7.29%, while Harvest Clean Energy ETF (HCLN.TO) has a volatility of 10.45%. This indicates that NRGY.TO experiences smaller price fluctuations and is considered to be less risky than HCLN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NRGY.TO	HCLN.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.29%	10.45%	-3.16%
Volatility (6M) Calculated over the trailing 6-month period	15.43%	21.56%	-6.13%
Volatility (1Y) Calculated over the trailing 1-year period	18.70%	28.91%	-10.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.92%	25.76%	-5.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.92%	26.52%	-6.60%

NRGY.TO vs. HCLN.TO - Expense Ratio Comparison

NRGY.TO has a 0.49% expense ratio, which is higher than HCLN.TO's 0.40% expense ratio.

Dividends

NRGY.TO vs. HCLN.TO - Dividend Comparison

NRGY.TO's dividend yield for the trailing twelve months is around 3.12%, while HCLN.TO has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
HCLN.TO Harvest Clean Energy ETF	0.00%	0.00%	0.00%	0.00%	0.97%	0.60%
NRGY.TO Global X Equal Weight Canadian Oil & Gas Index ETF	3.12%	3.87%	0.56%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NRGY.TO and HCLN.TO in my portfolio?

NRGY.TO and HCLN.TO have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NRGY.TO or HCLN.TO?

On fees, HCLN.TO is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NRGY.TO or HCLN.TO?

HCLN.TO is cheaper with a 0.40% expense ratio, compared with 0.49% for NRGY.TO.

What is the main difference between NRGY.TO and HCLN.TO?

NRGY.TO is categorized as Energy Equities, while HCLN.TO is Alternative Energy Equities. They also come from different issuers: Global X and Harvest. Their fees differ too: 0.49% for NRGY.TO and 0.40% for HCLN.TO.