NRGY.TO vs. XIC.TO

Last updated Jul 15, 2026

NRGY.TO (Global X Equal Weight Canadian Oil & Gas Index ETF) and XIC.TO (iShares Core S&P/TSX Capped Composite 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 XIC.TO is a Canada Equities fund tracking the S&P/TSX Capped Composite Index. Both are passively managed. Over the past year, NRGY.TO returned 48.22% vs 32.76% for XIC.TO. At a 0.24 correlation, their price movements are largely independent. NRGY.TO charges 0.49%/yr vs 0.06%/yr for XIC.TO.

Performance

NRGY.TO vs. XIC.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 iShares Core S&P/TSX Capped Composite Index ETF (XIC.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 35.97% return, which is significantly higher than XIC.TO's 12.69% return.

NRGY.TO

• 1D: -0.66%
• 1M: -0.39%
• 6M: 35.46%
• YTD: 35.97%
• 1Y: 48.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XIC.TO

• 1D: 0.12%
• 1M: 1.28%
• 6M: 8.57%
• YTD: 12.69%
• 1Y: 32.76%
• 3Y*: 23.68%
• 5Y*: 14.73%
• 10Y*: 12.42%

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

NRGY.TO vs. XIC.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%
XIC.TO iShares Core S&P/TSX Capped Composite Index ETF	12.69%	31.51%	-0.00%

Correlation

The correlation between NRGY.TO and XIC.TO is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.06
Correlation (All Time) Calculated using the full available price history since Nov 8, 2024	0.24

The correlation between NRGY.TO and XIC.TO shifts across timeframes, from 0.06 (1 year) to 0.24 (all time), reflecting how their relationship changes across market environments.

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

Sectors	NRGY.TO	XIC.TO
Energy	100.0%	17.4%
Basic Materials	-	18.1%
Communication Services	-	1.9%
Consumer Cyclical	-	3.7%
Consumer Defensive	-	2.9%
Financial Services	-	33.7%
Healthcare	-	0.1%
Industrials	-	10.2%
Real Estate	-	1.5%
Technology	-	7.4%
Utilities	-	3.2%

Return for Risk

NRGY.TO vs. XIC.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: 91
NRGY.TO Sharpe Ratio Rank: 93
NRGY.TO Sortino Ratio Rank: 92
NRGY.TO Omega Ratio Rank: 90
NRGY.TO Calmar Ratio Rank: 92
NRGY.TO Martin Ratio Rank: 86

XIC.TO

XIC.TO Risk / Return Rank: 88
XIC.TO Sharpe Ratio Rank: 92
XIC.TO Sortino Ratio Rank: 89
XIC.TO Omega Ratio Rank: 89
XIC.TO Calmar Ratio Rank: 83
XIC.TO Martin Ratio Rank: 90

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. XIC.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 iShares Core S&P/TSX Capped Composite Index ETF (XIC.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	XIC.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.69	2.50	+0.19
Sortino ratio: Return per unit of downside risk	3.53	3.24	+0.29
Omega ratio: Gain probability vs. loss probability	1.45	1.44	+0.01
Calmar ratio: Return relative to maximum drawdown	4.82	3.54	+1.27
Martin ratio: Return relative to average drawdown	13.80	16.05	-2.25

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

The current NRGY.TO Sharpe Ratio is 2.69, which is comparable to the XIC.TO Sharpe Ratio of 2.50. The chart below compares the historical Sharpe Ratios of NRGY.TO and XIC.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. XIC.TO - Drawdown Comparison

The maximum NRGY.TO drawdown since its inception was -16.59%, smaller than the maximum XIC.TO drawdown of -47.27%. Use the drawdown chart below to compare losses from any high point for NRGY.TO and XIC.TO.

Drawdown Indicators

	NRGY.TO	XIC.TO	Difference
Max Drawdown Largest peak-to-trough decline	-16.59%	-47.27%	+30.68%
Max Drawdown (1Y) Largest decline over 1 year	-10.16%	-9.29%	-0.87%
Max Drawdown (3Y) Largest decline over 3 years	—	-12.27%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-16.24%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-37.21%	—
Current Drawdown Current decline from peak	-4.09%	-0.06%	-4.03%
Average Drawdown Average peak-to-trough decline	-3.75%	-6.72%	+2.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.53%	2.05%	+1.48%

Volatility

NRGY.TO vs. XIC.TO - Volatility Comparison

Global X Equal Weight Canadian Oil & Gas Index ETF (NRGY.TO) has a higher volatility of 7.16% compared to iShares Core S&P/TSX Capped Composite Index ETF (XIC.TO) at 2.40%. This indicates that NRGY.TO's price experiences larger fluctuations and is considered to be riskier than XIC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NRGY.TO	XIC.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.16%	2.40%	+4.76%
Volatility (6M) Calculated over the trailing 6-month period	15.07%	10.66%	+4.41%
Volatility (1Y) Calculated over the trailing 1-year period	18.23%	13.17%	+5.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.91%	13.22%	+6.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.91%	14.95%	+4.96%

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

NRGY.TO has a 0.49% expense ratio, which is higher than XIC.TO's 0.06% expense ratio.

Dividends

NRGY.TO vs. XIC.TO - Dividend Comparison

NRGY.TO's dividend yield for the trailing twelve months is around 3.15%, more than XIC.TO's 2.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NRGY.TO Global X Equal Weight Canadian Oil & Gas Index ETF	3.15%	3.87%	0.56%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XIC.TO iShares Core S&P/TSX Capped Composite Index ETF	2.00%	2.23%	2.64%	2.96%	3.10%	2.45%	3.03%	3.01%	3.19%	2.49%	2.72%	3.21%

Frequently Asked Questions

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

NRGY.TO and XIC.TO have a correlation of 0.06, 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 XIC.TO?

On fees, XIC.TO is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

XIC.TO is cheaper with a 0.06% expense ratio, compared with 0.49% for NRGY.TO.

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

NRGY.TO is categorized as Energy Equities, while XIC.TO is Canada Equities. NRGY.TO tracks Mirae Asset Equal Weight Canadian Oil & Gas Index, while XIC.TO tracks S&P/TSX Capped Composite Index. They also come from different issuers: Global X and iShares. Their fees differ too: 0.49% for NRGY.TO and 0.06% for XIC.TO.