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NRGY.TO vs. HEP.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

NRGY.TO vs. HEP.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Global X Equal Weight Canadian Oil & Gas Index ETF (NRGY.TO) and Horizons Gold Producer Equity Covered Call ETF (HEP.TO).

NRGY.TO and HEP.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NRGY.TO is a passively managed fund by Global X that tracks the performance of the Mirae Asset Equal Weight Canadian Oil & Gas Index. It was launched on Nov 6, 2024. HEP.TO is a passively managed fund by Horizons that tracks the performance of the Solactive North American Listed Gold Producers Index. It was launched on Apr 11, 2011. Both NRGY.TO and HEP.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

NRGY.TO vs. HEP.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 Horizons Gold Producer Equity Covered Call ETF (HEP.TO). The values are adjusted to include any dividend payments, if applicable.

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

2026 (YTD)20252024
NRGY.TO
Global X Equal Weight Canadian Oil & Gas Index ETF		30.90%14.36%-3.17%
HEP.TO
Horizons Gold Producer Equity Covered Call ETF		-1.36%126.50%-10.48%

Returns By Period

In the year-to-date period, NRGY.TO achieves a 30.90% return, which is significantly higher than HEP.TO's -1.36% return.

NRGY.TO

1D
-1.14%
1M
10.66%
YTD
30.90%
6M
31.97%
1Y
41.48%
3Y*
—
5Y*
—
10Y*
—

HEP.TO

1D
0.07%
1M
-23.06%
YTD
-1.36%
6M
10.32%
1Y
65.25%
3Y*
37.98%
5Y*
23.17%
10Y*
16.29%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Global X Equal Weight Canadian Oil & Gas Index ETF

Horizons Gold Producer Equity Covered Call ETF

Often compared with NRGY.TO:
NRGY.TO vs. ZEO.TONRGY.TO vs. VDENRGY.TO vs. CPCC.TONRGY.TO vs. GLDX.TONRGY.TO vs. HLIT.TONRGY.TO vs. COPP.TONRGY.TO vs. PEY.TO
Often compared with HEP.TO:
HEP.TO vs. GLDX.TOHEP.TO vs. CPCC.TOHEP.TO vs. HLIT.TOHEP.TO vs. VOLX.TOHEP.TO vs. HXQ.TOHEP.TO vs. COPP.TOHEP.TO vs. HEQT.TO

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

NRGY.TO has a 0.49% expense ratio, which is lower than HEP.TO's 0.81% expense ratio.

HEP.TO
Horizons Gold Producer Equity Covered Call ETF
NRGY.TO
Global X Equal Weight Canadian Oil & Gas Index ETF

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
NRGY.TO
NRGY.TO Risk / Return Rank: 9090
Overall Rank
NRGY.TO Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
NRGY.TO Sortino Ratio Rank: 9191
Sortino Ratio Rank
NRGY.TO Omega Ratio Rank: 9393
Omega Ratio Rank
NRGY.TO Calmar Ratio Rank: 8686
Calmar Ratio Rank
NRGY.TO Martin Ratio Rank: 8484
Martin Ratio Rank
HEP.TO
HEP.TO Risk / Return Rank: 7979
Overall Rank
HEP.TO Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
HEP.TO Sortino Ratio Rank: 7676
Sortino Ratio Rank
HEP.TO Omega Ratio Rank: 7777
Omega Ratio Rank
HEP.TO Calmar Ratio Rank: 8181
Calmar Ratio Rank
HEP.TO Martin Ratio Rank: 7979
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.

NRGY.TO vs. HEP.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 Horizons Gold Producer Equity Covered Call ETF (HEP.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.

NRGY.TOHEP.TODifference

Sharpe ratio

Return per unit of total volatility

2.22

1.63

+0.59

Sortino ratio

Return per unit of downside risk

2.66

1.98

+0.67

Omega ratio

Gain probability vs. loss probability

1.43

1.30

+0.13

Calmar ratio

Return relative to maximum drawdown

2.67

2.32

+0.35

Martin ratio

Return relative to average drawdown

9.93

8.85

+1.08

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

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

The current NRGY.TO Sharpe Ratio is 2.22, which is higher than the HEP.TO Sharpe Ratio of 1.63. The chart below compares the historical Sharpe Ratios of NRGY.TO and HEP.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

NRGY.TOHEP.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.22

1.63

+0.59

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.75

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.52

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.64

0.17

+1.47

Correlation

The correlation between NRGY.TO and HEP.TO is 0.13, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

NRGY.TO vs. HEP.TO - Dividend Comparison

NRGY.TO's dividend yield for the trailing twelve months is around 2.87%, more than HEP.TO's 0.94% yield.

TTM20252024202320222021202020192018201720162015
NRGY.TO
Global X Equal Weight Canadian Oil & Gas Index ETF		2.87%3.87%0.56%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
HEP.TO
Horizons Gold Producer Equity Covered Call ETF		0.94%2.16%10.30%11.16%10.08%6.31%6.47%4.58%5.62%7.08%9.20%11.62%

Drawdowns

NRGY.TO vs. HEP.TO - Drawdown Comparison

The maximum NRGY.TO drawdown since its inception was -16.59%, smaller than the maximum HEP.TO drawdown of -71.13%. Use the drawdown chart below to compare losses from any high point for NRGY.TO and HEP.TO.

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Drawdown Indicators

NRGY.TOHEP.TODifference

Max Drawdown

Largest peak-to-trough decline

-16.59%

-71.13%

+54.54%

Max Drawdown (1Y)

Largest decline over 1 year

-16.18%

-28.86%

+12.68%

Max Drawdown (5Y)

Largest decline over 5 years

—

-37.60%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-44.83%

—

Current Drawdown

Current decline from peak

-1.21%

-23.06%

+21.85%

Average Drawdown

Average peak-to-trough decline

-3.55%

-34.60%

+31.05%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.35%

7.57%

-3.22%

Volatility

NRGY.TO vs. HEP.TO - Volatility Comparison

The current volatility for Global X Equal Weight Canadian Oil & Gas Index ETF (NRGY.TO) is 3.80%, while Horizons Gold Producer Equity Covered Call ETF (HEP.TO) has a volatility of 15.60%. This indicates that NRGY.TO experiences smaller price fluctuations and is considered to be less risky than HEP.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

NRGY.TOHEP.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.80%

15.60%

-11.80%

Volatility (6M)

Calculated over the trailing 6-month period

11.61%

34.44%

-22.83%

Volatility (1Y)

Calculated over the trailing 1-year period

18.77%

41.26%

-22.49%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.80%

31.16%

-12.36%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.80%

31.74%

-12.94%