NRGY.TO vs. UTIL.TO
NRGY.TO (Global X Equal Weight Canadian Oil & Gas Index ETF) and UTIL.TO (Global X Equal Weight Canadian Utilities Index ETF) are both exchange-traded funds - NRGY.TO is a Energy Equities fund tracking the Mirae Asset Equal Weight Canadian Oil & Gas Index, while UTIL.TO is a Utilities Equities fund tracking the Mirae Asset Equal Weight Canadian Utilities Index. Both are passively managed. Over the past year, NRGY.TO returned 48.22% vs 29.31% for UTIL.TO. At a 0.24 correlation, their price movements are largely independent.
Performance
NRGY.TO vs. UTIL.TO - Performance Comparison
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Returns By Period
In the year-to-date period, NRGY.TO achieves a 35.97% return, which is significantly higher than UTIL.TO's 19.94% return.
NRGY.TO
- 1D
- -0.66%
- 1M
- -0.39%
- 6M
- 35.46%
- YTD
- 35.97%
- 1Y
- 48.22%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UTIL.TO
- 1D
- 0.28%
- 1M
- 1.05%
- 6M
- 19.60%
- YTD
- 19.94%
- 1Y
- 29.31%
- 3Y*
- 15.05%
- 5Y*
- —
- 10Y*
- —
NRGY.TO vs. UTIL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
NRGY.TO Global X Equal Weight Canadian Oil & Gas Index ETF | 35.97% | 14.36% | -2.64% |
UTIL.TO Global X Equal Weight Canadian Utilities Index ETF | 19.94% | 19.08% | -2.31% |
Correlation
The correlation between NRGY.TO and UTIL.TO is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2024 | 0.24 |
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Return for Risk
NRGY.TO vs. UTIL.TO — Risk / Return Rank
NRGY.TO
UTIL.TO
NRGY.TO vs. UTIL.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 Global X Equal Weight Canadian Utilities Index ETF (UTIL.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 | UTIL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.60 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 4.82 | 6.38 | -1.56 |
| Martin ratioReturn relative to average drawdown | 13.80 | 17.66 | -3.86 |
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Drawdowns
NRGY.TO vs. UTIL.TO - Drawdown Comparison
The maximum NRGY.TO drawdown since its inception was -16.59%, smaller than the maximum UTIL.TO drawdown of -25.61%. Use the drawdown chart below to compare losses from any high point for NRGY.TO and UTIL.TO.
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Drawdown Indicators
| NRGY.TO | UTIL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.59% | -25.61% | +9.02% |
Max Drawdown (1Y)Largest decline over 1 year | -10.16% | -4.62% | -5.54% |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.40% | — |
Current DrawdownCurrent decline from peak | -4.09% | -0.86% | -3.23% |
Average DrawdownAverage peak-to-trough decline | -3.75% | -7.68% | +3.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.53% | 1.66% | +1.87% |
Volatility
NRGY.TO vs. UTIL.TO - Volatility Comparison
Global X Equal Weight Canadian Oil & Gas Index ETF (NRGY.TO) has a higher volatility of 7.16% compared to Global X Equal Weight Canadian Utilities Index ETF (UTIL.TO) at 2.52%. This indicates that NRGY.TO's price experiences larger fluctuations and is considered to be riskier than UTIL.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.TO | UTIL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.16% | 2.52% | +4.64% |
Volatility (6M)Calculated over the trailing 6-month period | 15.07% | 8.08% | +6.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.23% | 9.65% | +8.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.91% | 12.46% | +7.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.91% | 12.46% | +7.45% |
Dividends
NRGY.TO vs. UTIL.TO - Dividend Comparison
NRGY.TO's dividend yield for the trailing twelve months is around 3.15%, less than UTIL.TO's 3.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
NRGY.TO Global X Equal Weight Canadian Oil & Gas Index ETF | 3.15% | 3.87% | 0.56% | 0.00% | 0.00% |
UTIL.TO Global X Equal Weight Canadian Utilities Index ETF | 3.35% | 4.07% | 4.38% | 4.45% | 1.87% |
Frequently Asked Questions
NRGY.TO and UTIL.TO have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NRGY.TO is categorized as Energy Equities, while UTIL.TO is Utilities Equities. NRGY.TO tracks Mirae Asset Equal Weight Canadian Oil & Gas Index, while UTIL.TO tracks Mirae Asset Equal Weight Canadian Utilities Index.
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