XEQT.TO vs. NRGY.TO

Last updated Jun 5, 2026

XEQT.TO (iShares Core Equity ETF Portfolio) and NRGY.TO (Global X Equal Weight Canadian Oil & Gas Index ETF) are both exchange-traded funds - XEQT.TO is a Global Equities fund actively managed by iShares, while NRGY.TO is a Commodity Producers Equities fund tracking the Mirae Asset Equal Weight Canadian Oil & Gas Index. XEQT.TO is actively managed, while NRGY.TO is passively managed. Over the past year, XEQT.TO returned 30.42% vs 56.60% for NRGY.TO. At a 0.14 correlation, their price movements are largely independent. XEQT.TO charges 0.20%/yr vs 0.49%/yr for NRGY.TO.

Performance

XEQT.TO vs. NRGY.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Core Equity ETF Portfolio (XEQT.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, XEQT.TO achieves a 13.22% return, which is significantly lower than NRGY.TO's 39.10% return.

XEQT.TO

• 1D: 0.83%
• 1M: 6.02%
• YTD: 13.22%
• 6M: 11.68%
• 1Y: 30.42%
• 3Y*: 22.22%
• 5Y*: 13.90%
• 10Y*: —

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)

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

	2026 (YTD)	2025	2024
XEQT.TO iShares Core Equity ETF Portfolio	13.22%	19.47%	0.56%
NRGY.TO Global X Equal Weight Canadian Oil & Gas Index ETF	39.10%	14.36%	-3.17%

Correlation

The correlation between XEQT.TO and NRGY.TO is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.09
Correlation (All Time) Calculated using the full available price history since Nov 8, 2024	0.14

The correlation between XEQT.TO and NRGY.TO shifts across timeframes, from -0.09 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.

XEQT.TO vs. NRGY.TO - Sectors Allocation Comparison

Sectors	XEQT.TO	NRGY.TO
Technology	22.9%	-
Financial Services	20.3%	-
Industrials	12.1%	-
Consumer Cyclical	7.8%	-
Basic Materials	7.3%	-
Energy	7.2%	100.0%
Healthcare	6.6%	-
Communication Services	6.4%	-
Consumer Defensive	4.4%	-
Utilities	2.8%	-
Real Estate	2.2%	-

Return for Risk

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

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

XEQT.TO

XEQT.TO Risk / Return Rank: 80
XEQT.TO Sharpe Ratio Rank: 82
XEQT.TO Sortino Ratio Rank: 81
XEQT.TO Omega Ratio Rank: 82
XEQT.TO Calmar Ratio Rank: 75
XEQT.TO Martin Ratio Rank: 82

NRGY.TO

NRGY.TO Risk / Return Rank: 91
NRGY.TO Sharpe Ratio Rank: 93
NRGY.TO Sortino Ratio Rank: 91
NRGY.TO Omega Ratio Rank: 90
NRGY.TO Calmar Ratio Rank: 91
NRGY.TO Martin Ratio Rank: 89

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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares Core Equity ETF Portfolio (XEQT.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.

	XEQT.TO	NRGY.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.62	3.39	-0.76
Sortino ratio: Return per unit of downside risk	3.61	4.26	-0.65
Omega ratio: Gain probability vs. loss probability	1.48	1.58	-0.09
Calmar ratio: Return relative to maximum drawdown	3.70	5.99	-2.29
Martin ratio: Return relative to average drawdown	16.13	19.75	-3.62
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current XEQT.TO Sharpe Ratio is 2.62, which is comparable to the NRGY.TO Sharpe Ratio of 3.39. The chart below compares the historical Sharpe Ratios of XEQT.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.

Sharpe Ratios by Period

	XEQT.TO	NRGY.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.62	3.39	-0.76
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.07	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.96	1.63	-0.67

Drawdowns

XEQT.TO vs. NRGY.TO - Drawdown Comparison

The maximum XEQT.TO drawdown since its inception was -29.74%, 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 XEQT.TO and NRGY.TO.

Drawdown Indicators

	XEQT.TO	NRGY.TO	Difference
Max Drawdown Largest peak-to-trough decline	-29.74%	-16.59%	-13.15%
Max Drawdown (1Y) Largest decline over 1 year	-8.25%	-9.49%	+1.24%
Max Drawdown (3Y) Largest decline over 3 years	-15.08%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-19.56%	—	—
Current Drawdown Current decline from peak	0.00%	-1.87%	+1.87%
Average Drawdown Average peak-to-trough decline	-4.11%	-3.55%	-0.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.89%	2.87%	-0.98%

Volatility

XEQT.TO vs. NRGY.TO - Volatility Comparison

The current volatility for iShares Core Equity ETF Portfolio (XEQT.TO) is 3.70%, while Global X Equal Weight Canadian Oil & Gas Index ETF (NRGY.TO) has a volatility of 6.98%. This indicates that XEQT.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

	XEQT.TO	NRGY.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.70%	6.98%	-3.28%
Volatility (6M) Calculated over the trailing 6-month period	9.41%	14.37%	-4.96%
Volatility (1Y) Calculated over the trailing 1-year period	11.65%	16.86%	-5.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.13%	19.51%	-6.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.56%	19.51%	-3.95%

XEQT.TO vs. NRGY.TO - Expense Ratio Comparison

XEQT.TO has a 0.20% expense ratio, which is lower than NRGY.TO's 0.49% expense ratio.

Dividends

XEQT.TO vs. NRGY.TO - Dividend Comparison

XEQT.TO's dividend yield for the trailing twelve months is around 1.47%, less than NRGY.TO's 3.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
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%
XEQT.TO iShares Core Equity ETF Portfolio	1.47%	1.66%	2.01%	2.07%	2.12%	1.64%	1.66%	1.19%

Frequently Asked Questions

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

XEQT.TO and NRGY.TO have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XEQT.TO or NRGY.TO?

On fees, XEQT.TO is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XEQT.TO or NRGY.TO?

XEQT.TO is cheaper with a 0.20% expense ratio, compared with 0.49% for NRGY.TO.

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

XEQT.TO is categorized as Global Equities, while NRGY.TO is Commodity Producers Equities. They also come from different issuers: iShares and Global X. Their fees differ too: 0.20% for XEQT.TO and 0.49% for NRGY.TO.