NRGY.TO vs. ZCLN.TO
NRGY.TO (Global X Equal Weight Canadian Oil & Gas Index ETF) and ZCLN.TO (BMO Clean Energy 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 ZCLN.TO is a Alternative Energy Equities fund tracking the S&P Global Clean Energy Index. Both are passively managed. Over the past year, NRGY.TO returned 50.30% vs 36.64% for ZCLN.TO. Their 0.10 correlation means their historical movements had little consistent relationship. NRGY.TO charges 0.49%/yr vs 0.39%/yr for ZCLN.TO.
Performance
NRGY.TO vs. ZCLN.TO - Performance Comparison
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Returns By Period
In the year-to-date period, NRGY.TO achieves a 37.55% return, which is significantly higher than ZCLN.TO's 15.70% 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%
ZCLN.TO
- 1D
- 5.09%
- 1M
- -9.12%
- 6M
- 2.19%
- YTD
- 15.70%
- 1Y
- 36.64%
- 3Y*
- 4.35%
- 5Y*
- -1.12%
- 10Y*
- —
- ALL TIME*
- -7.11%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$140.19K | CA$107.47K | CA$228.07K | |
ZCLN.TO BMO Clean Energy Index ETF | CA$167.51K | CA$220.65K | CA$322.42K |
NRGY.TO vs. ZCLN.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% |
ZCLN.TO BMO Clean Energy Index ETF | 15.70% | 35.83% | -5.57% |
Correlation
The correlation between NRGY.TO and ZCLN.TO is 0.01, 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. | 0.01 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2024 | 0.10 |
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Return for Risk
NRGY.TO vs. ZCLN.TO — Risk / Return Rank
NRGY.TO
ZCLN.TO
NRGY.TO vs. ZCLN.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 BMO Clean Energy Index ETF (ZCLN.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 | ZCLN.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.56 | ||
| Sortino ratioReturn per unit of downside risk | +1.84 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.20 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 5.03 | 1.33 | +3.69 |
| Martin ratioReturn relative to average drawdown | 14.21 | 4.50 | +9.72 |
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Drawdowns
NRGY.TO vs. ZCLN.TO - Drawdown Comparison
The maximum NRGY.TO drawdown since its inception was -16.59%, smaller than the maximum ZCLN.TO drawdown of -61.18%. Use the drawdown chart below to compare losses from any high point for NRGY.TO and ZCLN.TO.
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Drawdown Indicators
| NRGY.TO | ZCLN.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.59% | -61.18% | +44.59% |
Max Drawdown (1Y)Largest decline over 1 year | -10.16% | -27.65% | +17.49% |
Max Drawdown (3Y)Largest decline over 3 years | — | -33.73% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -50.26% | — |
Current DrawdownCurrent decline from peak | -3.75% | -33.44% | +29.69% |
Average DrawdownAverage peak-to-trough decline | -3.71% | -40.37% | +36.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.57% | 8.17% | -4.60% |
Volatility
NRGY.TO vs. ZCLN.TO - Volatility Comparison
The current volatility for Global X Equal Weight Canadian Oil & Gas Index ETF (NRGY.TO) is 7.29%, while BMO Clean Energy Index ETF (ZCLN.TO) has a volatility of 11.50%. This indicates that NRGY.TO experiences smaller price fluctuations and is considered to be less risky than ZCLN.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 | ZCLN.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.29% | 11.50% | -4.21% |
Volatility (6M)Calculated over the trailing 6-month period | 15.43% | 25.34% | -9.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.70% | 31.52% | -12.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.92% | 26.86% | -6.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.92% | 27.68% | -7.76% |
NRGY.TO vs. ZCLN.TO - Expense Ratio Comparison
NRGY.TO has a 0.49% expense ratio, which is higher than ZCLN.TO's 0.39% expense ratio.
Dividends
NRGY.TO vs. ZCLN.TO - Dividend Comparison
NRGY.TO's dividend yield for the trailing twelve months is around 3.12%, more than ZCLN.TO's 1.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
NRGY.TO Global X Equal Weight Canadian Oil & Gas Index ETF | 3.12% | 3.87% | 0.56% | 0.00% | 0.00% | 0.00% |
ZCLN.TO BMO Clean Energy Index ETF | 1.50% | 1.73% | 2.13% | 1.37% | 0.93% | 0.83% |
Frequently Asked Questions
NRGY.TO and ZCLN.TO have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZCLN.TO is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZCLN.TO is cheaper with a 0.39% expense ratio, compared with 0.49% for NRGY.TO.
NRGY.TO is categorized as Energy Equities, while ZCLN.TO is Alternative Energy Equities. NRGY.TO tracks Mirae Asset Equal Weight Canadian Oil & Gas Index, while ZCLN.TO tracks S&P Global Clean Energy Index. They also come from different issuers: Global X and BMO. Their fees differ too: 0.49% for NRGY.TO and 0.39% for ZCLN.TO.
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