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OILY.TO vs. XBM.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

OILY.TO vs. XBM.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Evolve Canadian Energy Enhanced Yield Index Fund ETF (OILY.TO) and iShares S&P/TSX Global Base Metals Index ETF (XBM.TO).

OILY.TO and XBM.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. OILY.TO is a passively managed fund by Evolve that tracks the performance of the Solactive Canada Energy Top 10 Index. It was launched on Mar 26, 2025. XBM.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Can Natural Resource NR CAD. It was launched on Apr 12, 2011. Both OILY.TO and XBM.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

OILY.TO vs. XBM.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Evolve Canadian Energy Enhanced Yield Index Fund ETF (OILY.TO) and iShares S&P/TSX Global Base Metals Index ETF (XBM.TO). The values are adjusted to include any dividend payments, if applicable.

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OILY.TO vs. XBM.TO - Yearly Performance Comparison

2026 (YTD)2025
OILY.TO
Evolve Canadian Energy Enhanced Yield Index Fund ETF		30.30%3.96%
XBM.TO
iShares S&P/TSX Global Base Metals Index ETF		10.87%49.70%

Returns By Period

In the year-to-date period, OILY.TO achieves a 30.30% return, which is significantly higher than XBM.TO's 10.87% return.

OILY.TO

1D
-2.08%
1M
9.89%
YTD
30.30%
6M
31.31%
1Y
36.97%
3Y*
—
5Y*
—
10Y*
—

XBM.TO

1D
7.03%
1M
-13.25%
YTD
10.87%
6M
30.13%
1Y
75.40%
3Y*
19.06%
5Y*
17.01%
10Y*
18.52%
*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.

Evolve Canadian Energy Enhanced Yield Index Fund ETF

iShares S&P/TSX Global Base Metals Index ETF

Often compared with OILY.TO:
OILY.TO vs. ENCC.TOOILY.TO vs. ENCL.TOOILY.TO vs. HXE.TOOILY.TO vs. ZWU.TOOILY.TO vs. CANY.TOOILY.TO vs. HISA.NEOOILY.TO vs. EBNK.TO
Often compared with XBM.TO:
XBM.TO vs. XMEXBM.TO vs. ZMT.TOXBM.TO vs. XEG.TOXBM.TO vs. GDXXBM.TO vs. VDEXBM.TO vs. XIC.TOXBM.TO vs. IAU

OILY.TO vs. XBM.TO - Expense Ratio Comparison

Both OILY.TO and XBM.TO have an expense ratio of 0.60%.

OILY.TO
Evolve Canadian Energy Enhanced Yield Index Fund ETF
XBM.TO
iShares S&P/TSX Global Base Metals Index ETF

Return for Risk

OILY.TO vs. XBM.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
OILY.TO
OILY.TO Risk / Return Rank: 7373
Overall Rank
OILY.TO Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
OILY.TO Sortino Ratio Rank: 7676
Sortino Ratio Rank
OILY.TO Omega Ratio Rank: 8181
Omega Ratio Rank
OILY.TO Calmar Ratio Rank: 6666
Calmar Ratio Rank
OILY.TO Martin Ratio Rank: 6161
Martin Ratio Rank
XBM.TO
XBM.TO Risk / Return Rank: 9090
Overall Rank
XBM.TO Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
XBM.TO Sortino Ratio Rank: 8989
Sortino Ratio Rank
XBM.TO Omega Ratio Rank: 8787
Omega Ratio Rank
XBM.TO Calmar Ratio Rank: 9191
Calmar Ratio Rank
XBM.TO Martin Ratio Rank: 9090
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.

OILY.TO vs. XBM.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Evolve Canadian Energy Enhanced Yield Index Fund ETF (OILY.TO) and iShares S&P/TSX Global Base Metals Index ETF (XBM.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.

OILY.TOXBM.TODifference

Sharpe ratio

Return per unit of total volatility

1.51

1.98

-0.47

Sortino ratio

Return per unit of downside risk

1.94

2.46

-0.52

Omega ratio

Gain probability vs. loss probability

1.32

1.35

-0.03

Calmar ratio

Return relative to maximum drawdown

1.68

3.03

-1.35

Martin ratio

Return relative to average drawdown

6.06

11.16

-5.11

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

OILY.TO vs. XBM.TO - Sharpe Ratio Comparison

The current OILY.TO Sharpe Ratio is 1.51, which is comparable to the XBM.TO Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of OILY.TO and XBM.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

OILY.TOXBM.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.51

1.98

-0.47

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.52

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.57

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.43

0.20

+1.23

Correlation

The correlation between OILY.TO and XBM.TO is 0.11, 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

OILY.TO vs. XBM.TO - Dividend Comparison

OILY.TO's dividend yield for the trailing twelve months is around 11.26%, more than XBM.TO's 0.77% yield.

TTM20252024202320222021202020192018201720162015
OILY.TO
Evolve Canadian Energy Enhanced Yield Index Fund ETF		11.26%11.50%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
XBM.TO
iShares S&P/TSX Global Base Metals Index ETF		0.77%0.86%1.25%2.09%4.83%3.01%1.81%3.71%3.43%1.63%2.42%5.70%

Drawdowns

OILY.TO vs. XBM.TO - Drawdown Comparison

The maximum OILY.TO drawdown since its inception was -22.70%, smaller than the maximum XBM.TO drawdown of -67.40%. Use the drawdown chart below to compare losses from any high point for OILY.TO and XBM.TO.

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Drawdown Indicators

OILY.TOXBM.TODifference

Max Drawdown

Largest peak-to-trough decline

-22.70%

-67.40%

+44.70%

Max Drawdown (1Y)

Largest decline over 1 year

-22.70%

-23.88%

+1.18%

Max Drawdown (5Y)

Largest decline over 5 years

—

-40.57%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-57.24%

—

Current Drawdown

Current decline from peak

-2.40%

-13.62%

+11.22%

Average Drawdown

Average peak-to-trough decline

-4.52%

-26.05%

+21.53%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.29%

6.49%

-0.20%

Volatility

OILY.TO vs. XBM.TO - Volatility Comparison

The current volatility for Evolve Canadian Energy Enhanced Yield Index Fund ETF (OILY.TO) is 4.79%, while iShares S&P/TSX Global Base Metals Index ETF (XBM.TO) has a volatility of 15.89%. This indicates that OILY.TO experiences smaller price fluctuations and is considered to be less risky than XBM.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

OILY.TOXBM.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.79%

15.89%

-11.10%

Volatility (6M)

Calculated over the trailing 6-month period

13.41%

28.48%

-15.07%

Volatility (1Y)

Calculated over the trailing 1-year period

24.63%

38.28%

-13.65%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

24.66%

32.75%

-8.09%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.66%

32.66%

-8.00%