XEG.TO vs. ENBE.TO
XEG.TO (iShares S&P/TSX Capped Energy Index ETF) and ENBE.TO (Harvest Enbridge Enhanced High Income Shares ETF) are both exchange-traded funds - XEG.TO is a Energy Equities fund tracking the S&P/TSX Capped Energy Index, while ENBE.TO is a Derivative Income fund actively managed by Harvest. XEG.TO is passively managed, while ENBE.TO is actively managed. Their 0.32 correlation means their historical movements had little consistent relationship. XEG.TO charges 0.60%/yr vs 0.40%/yr for ENBE.TO.
Performance
XEG.TO vs. ENBE.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XEG.TO achieves a 46.30% return, which is significantly higher than ENBE.TO's 20.40% return.
XEG.TO
- 1D
- 0.69%
- 1M
- 15.08%
- 6M
- 31.52%
- YTD
- 46.30%
- 1Y
- 65.86%
- 3Y*
- 24.75%
- 5Y*
- 32.72%
- 10Y*
- 12.29%
- ALL TIME*
- 4.78%
ENBE.TO
- 1D
- -1.28%
- 1M
- -0.09%
- 6M
- 20.42%
- YTD
- 20.40%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$135.36K | CA$104.71K | CA$69.67K | |
| CA$58.70M | CA$53.16M | CA$56.38M |
XEG.TO vs. ENBE.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XEG.TO iShares S&P/TSX Capped Energy Index ETF | 46.30% | 14.97% |
ENBE.TO Harvest Enbridge Enhanced High Income Shares ETF | 20.40% | -0.98% |
Correlation
The correlation between XEG.TO and ENBE.TO is 0.32, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 21, 2025 | 0.32 |
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Return for Risk
XEG.TO vs. ENBE.TO — Risk / Return Rank
XEG.TO
ENBE.TO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
XEG.TO vs. ENBE.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX Capped Energy Index ETF (XEG.TO) and Harvest Enbridge Enhanced High Income Shares ETF (ENBE.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.
| XEG.TO | ENBE.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.41 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.82 | — | — |
| Martin ratioReturn relative to average drawdown | 11.60 | — | — |
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Drawdowns
XEG.TO vs. ENBE.TO - Drawdown Comparison
The maximum XEG.TO drawdown since its inception was -87.51%, which is greater than ENBE.TO's maximum drawdown of -11.28%. Use the drawdown chart below to compare losses from any high point for XEG.TO and ENBE.TO.
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Drawdown Indicators
| XEG.TO | ENBE.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.51% | -11.28% | -76.23% |
Max Drawdown (1Y)Largest decline over 1 year | -16.47% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -25.67% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -28.42% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -79.66% | — | — |
Current DrawdownCurrent decline from peak | -2.70% | -5.26% | +2.56% |
Average DrawdownAverage peak-to-trough decline | -34.46% | -3.14% | -31.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.44% | — | — |
Volatility
XEG.TO vs. ENBE.TO - Volatility Comparison
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Volatility by Period
| XEG.TO | ENBE.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.21% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 20.17% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 24.45% | 18.34% | +6.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.62% | 18.34% | +10.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.42% | 18.34% | +15.08% |
XEG.TO vs. ENBE.TO - Expense Ratio Comparison
XEG.TO has a 0.60% expense ratio, which is higher than ENBE.TO's 0.40% expense ratio.
Dividends
XEG.TO vs. ENBE.TO - Dividend Comparison
XEG.TO's dividend yield for the trailing twelve months is around 2.52%, less than ENBE.TO's 10.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENBE.TO Harvest Enbridge Enhanced High Income Shares ETF | 10.95% | 4.47% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XEG.TO iShares S&P/TSX Capped Energy Index ETF | 2.52% | 3.63% | 3.46% | 4.26% | 3.31% | 1.64% | 2.96% | 2.70% | 2.25% | 1.41% | 1.40% | 3.58% |
Frequently Asked Questions
XEG.TO and ENBE.TO have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ENBE.TO is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ENBE.TO is cheaper with a 0.40% expense ratio, compared with 0.60% for XEG.TO.
XEG.TO is categorized as Energy Equities, while ENBE.TO is Derivative Income. They also come from different issuers: iShares and Harvest. Their fees differ too: 0.60% for XEG.TO and 0.40% for ENBE.TO.
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