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PEY.TO vs. NRGY.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PEY.TO vs. NRGY.TO

Last updated Jun 5, 2026

PEY.TO (Peyto Exploration & Development Corp.) is a stock, while NRGY.TO (Global X Equal Weight Canadian Oil & Gas Index ETF) is Commodity Producers Equities fund tracking the Mirae Asset Equal Weight Canadian Oil & Gas Index. Over the past year, PEY.TO returned 42.61% vs 56.60% for NRGY.TO. A 0.63 correlation means they provide meaningful diversification when combined.

Performance

PEY.TO vs. NRGY.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Peyto Exploration & Development Corp. (PEY.TO) and Global X Equal Weight Canadian Oil & Gas Index ETF (NRGY.TO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, PEY.TO achieves a 16.10% return, which is significantly lower than NRGY.TO's 39.10% return.

PEY.TO

1D
0.35%
1M
0.36%
YTD
16.10%
6M
16.56%
1Y
42.61%
3Y*
49.55%
5Y*
52.84%
10Y*
11.87%

NRGY.TO

1D
0.76%
1M
3.37%
YTD
39.10%
6M
34.76%
1Y
56.60%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

PEY.TO vs. NRGY.TO - Yearly Performance Comparison

2026 (YTD)20252024
PEY.TO
Peyto Exploration & Development Corp.		16.10%42.86%15.50%
NRGY.TO
Global X Equal Weight Canadian Oil & Gas Index ETF		39.10%14.36%-3.17%

Correlation

The correlation between PEY.TO and NRGY.TO is 0.58, 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

0.58

Correlation (All Time)
Calculated using the full available price history since Nov 8, 2024

0.63

The correlation between PEY.TO and NRGY.TO has been stable across timeframes, ranging from 0.58 to 0.63 - a consistent structural relationship.

Compare stocks, funds, or ETFs

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Peyto Exploration & Development Corp.

Global X Equal Weight Canadian Oil & Gas Index ETF

Often compared with PEY.TO:
PEY.TO vs. ARX.TOPEY.TO vs. TOU.TOPEY.TO vs. PXT.TOPEY.TO vs. TRP.TOPEY.TO vs. GEI.TOPEY.TO vs. OVV.TOPEY.TO vs. CNQ.TO
Often compared with NRGY.TO:
NRGY.TO vs. ZEO.TONRGY.TO vs. CPCC.TONRGY.TO vs. VDENRGY.TO vs. GLDX.TONRGY.TO vs. COPP.TONRGY.TO vs. HLIT.TONRGY.TO vs. HEP.TO

Return for Risk

PEY.TO vs. NRGY.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PEY.TO
PEY.TO Risk / Return Rank: 7979
Overall Rank
PEY.TO Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
PEY.TO Sortino Ratio Rank: 7878
Sortino Ratio Rank
PEY.TO Omega Ratio Rank: 7676
Omega Ratio Rank
PEY.TO Calmar Ratio Rank: 8080
Calmar Ratio Rank
PEY.TO Martin Ratio Rank: 7979
Martin Ratio Rank
NRGY.TO
NRGY.TO Risk / Return Rank: 9191
Overall Rank
NRGY.TO Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
NRGY.TO Sortino Ratio Rank: 9191
Sortino Ratio Rank
NRGY.TO Omega Ratio Rank: 9090
Omega Ratio Rank
NRGY.TO Calmar Ratio Rank: 9191
Calmar Ratio Rank
NRGY.TO Martin Ratio Rank: 8989
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.

PEY.TO vs. NRGY.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Peyto Exploration & Development Corp. (PEY.TO) and Global X Equal Weight Canadian Oil & Gas Index ETF (NRGY.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.

PEY.TONRGY.TODifference
Sharpe ratioReturn per unit of total volatility
1.59
3.39

-1.79

Sortino ratioReturn per unit of downside risk
2.16
4.26

-2.10

Omega ratioGain probability vs. loss probability

1.27

1.58

-0.31

Calmar ratioReturn relative to maximum drawdown

2.55

5.99

-3.44

Martin ratioReturn relative to average drawdown

6.31

19.75

-13.44

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

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

The current PEY.TO Sharpe Ratio is 1.59, which is lower than the NRGY.TO Sharpe Ratio of 3.39. The chart below compares the historical Sharpe Ratios of PEY.TO and NRGY.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.

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Sharpe Ratios by Period

PEY.TONRGY.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.59

3.39

-1.79

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.41

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.27

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.18

1.63

-1.45

Drawdowns

PEY.TO vs. NRGY.TO - Drawdown Comparison

The maximum PEY.TO drawdown since its inception was -99.77%, which is greater than NRGY.TO's maximum drawdown of -16.59%. Use the drawdown chart below to compare losses from any high point for PEY.TO and NRGY.TO.

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Drawdown Indicators

PEY.TONRGY.TODifference

Max Drawdown

Largest peak-to-trough decline

-99.77%

-16.59%

-83.18%

Max Drawdown (1Y)

Largest decline over 1 year

-16.78%

-9.49%

-7.29%

Max Drawdown (3Y)

Largest decline over 3 years

-23.25%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-39.53%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-95.75%

—

—

Current Drawdown

Current decline from peak

-9.80%

-1.87%

-7.93%

Average Drawdown

Average peak-to-trough decline

-41.48%

-3.55%

-37.93%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.77%

2.87%

+3.90%

Volatility

PEY.TO vs. NRGY.TO - Volatility Comparison

Peyto Exploration & Development Corp. (PEY.TO) has a higher volatility of 8.07% compared to Global X Equal Weight Canadian Oil & Gas Index ETF (NRGY.TO) at 6.98%. This indicates that PEY.TO's price experiences larger fluctuations and is considered to be riskier than NRGY.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PEY.TONRGY.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

8.07%

6.98%

+1.09%

Volatility (6M)

Calculated over the trailing 6-month period

20.27%

14.37%

+5.90%

Volatility (1Y)

Calculated over the trailing 1-year period

26.92%

16.86%

+10.06%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

37.50%

19.51%

+17.99%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

43.55%

19.51%

+24.04%

Dividends

PEY.TO vs. NRGY.TO - Dividend Comparison

PEY.TO's dividend yield for the trailing twelve months is around 5.16%, more than NRGY.TO's 3.04% yield.

PositionTTM20252024202320222021202020192018201720162015
NRGY.TO
Global X Equal Weight Canadian Oil & Gas Index ETF		3.04%3.87%0.56%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
PEY.TO
Peyto Exploration & Development Corp.		5.16%6.18%13.21%19.01%10.62%9.92%28.68%25.21%10.17%8.78%3.97%5.31%

Frequently Asked Questions

PEY.TO and NRGY.TO have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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