NRGY.TO vs. HPF.TO
NRGY.TO (Global X Equal Weight Canadian Oil & Gas Index ETF) and HPF.TO (Harvest Energy Leaders Income ETF Class A CAD Hedged) are both Energy Equities funds. NRGY.TO is passively managed, while HPF.TO is actively managed. Over the past year, NRGY.TO returned 51.18% vs 41.27% for HPF.TO. A 0.78 correlation means they provide meaningful diversification when combined.
Performance
NRGY.TO vs. HPF.TO - Performance Comparison
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Returns By Period
In the year-to-date period, NRGY.TO achieves a 37.44% return, which is significantly higher than HPF.TO's 31.82% return.
NRGY.TO
- 1D
- 0.63%
- 1M
- 5.26%
- 6M
- 33.81%
- YTD
- 37.44%
- 1Y
- 51.18%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HPF.TO
- 1D
- 1.06%
- 1M
- 6.87%
- 6M
- 26.38%
- YTD
- 31.82%
- 1Y
- 41.27%
- 3Y*
- 14.64%
- 5Y*
- 17.23%
- 10Y*
- 5.28%
NRGY.TO vs. HPF.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
NRGY.TO Global X Equal Weight Canadian Oil & Gas Index ETF | 37.44% | 14.36% | -2.64% |
HPF.TO Harvest Energy Leaders Income ETF Class A CAD Hedged | 31.82% | 8.98% | -5.22% |
Correlation
The correlation between NRGY.TO and HPF.TO is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2024 | 0.78 |
The correlation between NRGY.TO and HPF.TO has been stable across timeframes, ranging from 0.78 to 0.78 - a consistent structural relationship.
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Return for Risk
NRGY.TO vs. HPF.TO — Risk / Return Rank
NRGY.TO
HPF.TO
NRGY.TO vs. HPF.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 Energy Leaders Income ETF Class A CAD Hedged (HPF.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 | HPF.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.75 | ||
| Sortino ratioReturn per unit of downside risk | +0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.35 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 5.11 | 3.45 | +1.66 |
| Martin ratioReturn relative to average drawdown | 14.56 | 10.17 | +4.39 |
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Drawdowns
NRGY.TO vs. HPF.TO - Drawdown Comparison
The maximum NRGY.TO drawdown since its inception was -16.59%, smaller than the maximum HPF.TO drawdown of -72.97%. Use the drawdown chart below to compare losses from any high point for NRGY.TO and HPF.TO.
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Drawdown Indicators
| NRGY.TO | HPF.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.59% | -72.97% | +56.38% |
Max Drawdown (1Y)Largest decline over 1 year | -10.16% | -12.01% | +1.85% |
Max Drawdown (3Y)Largest decline over 3 years | — | -22.85% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.87% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -69.11% | — |
Current DrawdownCurrent decline from peak | -3.05% | -3.42% | +0.37% |
Average DrawdownAverage peak-to-trough decline | -3.75% | -26.26% | +22.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.55% | 4.07% | -0.52% |
Volatility
NRGY.TO vs. HPF.TO - Volatility Comparison
Global X Equal Weight Canadian Oil & Gas Index ETF (NRGY.TO) and Harvest Energy Leaders Income ETF Class A CAD Hedged (HPF.TO) have volatilities of 6.65% and 6.39%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NRGY.TO | HPF.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.65% | 6.39% | +0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 15.03% | 16.32% | -1.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.21% | 19.73% | -1.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.86% | 23.63% | -3.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.86% | 28.03% | -8.17% |
Dividends
NRGY.TO vs. HPF.TO - Dividend Comparison
NRGY.TO's dividend yield for the trailing twelve months is around 3.11%, less than HPF.TO's 7.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HPF.TO Harvest Energy Leaders Income ETF Class A CAD Hedged | 7.85% | 9.93% | 9.80% | 8.75% | 6.58% | 4.61% | 15.32% | 8.74% | 8.78% | 12.87% | 13.58% | 13.31% |
NRGY.TO Global X Equal Weight Canadian Oil & Gas Index ETF | 3.11% | 3.87% | 0.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NRGY.TO and HPF.TO have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: Global X and Harvest.
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