UTIL.TO vs. NRGY.TO

Last updated Jul 15, 2026

UTIL.TO (Global X Equal Weight Canadian Utilities Index ETF) and NRGY.TO (Global X Equal Weight Canadian Oil & Gas Index ETF) are both exchange-traded funds - UTIL.TO is a Utilities Equities fund tracking the Mirae Asset Equal Weight Canadian Utilities Index, while NRGY.TO is a Energy Equities fund tracking the Mirae Asset Equal Weight Canadian Oil & Gas Index. Both are passively managed. Over the past year, UTIL.TO returned 29.31% vs 48.22% for NRGY.TO. At a 0.24 correlation, their price movements are largely independent.

Performance

UTIL.TO vs. NRGY.TO - Performance Comparison

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

Returns By Period

In the year-to-date period, UTIL.TO achieves a 19.94% return, which is significantly lower than NRGY.TO's 35.97% return.

UTIL.TO

• 1D: 0.28%
• 1M: 1.05%
• 6M: 19.60%
• YTD: 19.94%
• 1Y: 29.31%
• 3Y*: 15.05%
• 5Y*: —
• 10Y*: —

NRGY.TO

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

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

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

	2026 (YTD)	2025	2024
UTIL.TO Global X Equal Weight Canadian Utilities Index ETF	19.94%	19.08%	-2.31%
NRGY.TO Global X Equal Weight Canadian Oil & Gas Index ETF	35.97%	14.36%	-2.64%

Correlation

The correlation between UTIL.TO and NRGY.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

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UTIL.TO

UTIL.TO Risk / Return Rank: 95
UTIL.TO Sharpe Ratio Rank: 95
UTIL.TO Sortino Ratio Rank: 95
UTIL.TO Omega Ratio Rank: 95
UTIL.TO Calmar Ratio Rank: 95
UTIL.TO Martin Ratio Rank: 92

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

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.

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

This table presents a comparison of risk-adjusted performance metrics for Global X Equal Weight Canadian Utilities Index ETF (UTIL.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.

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.

	UTIL.TO	NRGY.TO	Difference
Sharpe ratio: Return per unit of total volatility	3.05	2.69	+0.37
Sortino ratio: Return per unit of downside risk	4.15	3.53	+0.62
Omega ratio: Gain probability vs. loss probability	1.60	1.45	+0.15
Calmar ratio: Return relative to maximum drawdown	6.38	4.82	+1.56
Martin ratio: Return relative to average drawdown	17.66	13.80	+3.86

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

The current UTIL.TO Sharpe Ratio is 3.05, which is comparable to the NRGY.TO Sharpe Ratio of 2.69. The chart below compares the historical Sharpe Ratios of UTIL.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.

Drawdowns

UTIL.TO vs. NRGY.TO - Drawdown Comparison

The maximum UTIL.TO drawdown since its inception was -25.61%, 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 UTIL.TO and NRGY.TO.

Drawdown Indicators

	UTIL.TO	NRGY.TO	Difference
Max Drawdown Largest peak-to-trough decline	-25.61%	-16.59%	-9.02%
Max Drawdown (1Y) Largest decline over 1 year	-4.62%	-10.16%	+5.54%
Max Drawdown (3Y) Largest decline over 3 years	-15.40%	—	—
Current Drawdown Current decline from peak	-0.86%	-4.09%	+3.23%
Average Drawdown Average peak-to-trough decline	-7.68%	-3.75%	-3.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.66%	3.53%	-1.87%

Volatility

UTIL.TO vs. NRGY.TO - Volatility Comparison

The current volatility for Global X Equal Weight Canadian Utilities Index ETF (UTIL.TO) is 2.52%, while Global X Equal Weight Canadian Oil & Gas Index ETF (NRGY.TO) has a volatility of 7.16%. This indicates that UTIL.TO experiences smaller price fluctuations and is considered to be less risky than NRGY.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UTIL.TO	NRGY.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.52%	7.16%	-4.64%
Volatility (6M) Calculated over the trailing 6-month period	8.08%	15.07%	-6.99%
Volatility (1Y) Calculated over the trailing 1-year period	9.65%	18.23%	-8.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.46%	19.91%	-7.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.46%	19.91%	-7.45%

Dividends

UTIL.TO vs. NRGY.TO - Dividend Comparison

UTIL.TO's dividend yield for the trailing twelve months is around 3.35%, more than NRGY.TO's 3.15% 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

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

UTIL.TO and NRGY.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.

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

UTIL.TO is categorized as Utilities Equities, while NRGY.TO is Energy Equities. UTIL.TO tracks Mirae Asset Equal Weight Canadian Utilities Index, while NRGY.TO tracks Mirae Asset Equal Weight Canadian Oil & Gas Index.