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Evolve Canadian Energy Enhanced Yield Index Fund (OILY) and Global X Equal Weight Canadian Oil & Gas Index ETF (NRGY) offer distinct profiles for Canadian ETF investors. A direct comparison shows that OILY focuses its top 3 sector exposures on Energy, while NRGY leans towards Energy. When evaluating costs, OILY features a management fee (MER) of 0.6%, compared to 0.4% for NRGY. Performance-wise, OILY has returned 31.99% year-to-date with +$11 M in net flows, whereas NRGY is at 33.12% with -$51 M. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.
NAV Performance and Flows
Key Data
Compare
OILY
NRGY
| AuM | $27.68 M | $311.99 M |
| Management Fees | 0.60% | 0.40% |
| Exp. ratio | 0.60% | 0.27% |
| Tracking Difference | - | -0.53% |
Historical performance and flows
As of April 30, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | OILY | -0.86% | +20.99% | +31.99% | +54.11% | - |
NRGY | +4.38% | +24.55% | +33.12% | +57.95% | - | |
| Flows | OILY | +$2 M | +$8 M | +$11 M | +$22 M | - |
NRGY | -$20 M | -$74 M | -$51 M | -$5 M | - |
OILY vs NRGY exposure
Countries
OILY
Canada
89.74%
Other
10.26%
NRGY
Canada
75.88%
Other
24.12%
Sectors
OILY
Energy
89.74%
Other
10.26%
NRGY
Energy
75.88%
Other
24.12%
As of April 30, 2026
Top 10 Holdings
OILY
CENOVUS ENERGY
11.50%
SUNCOR ENERGY
10.90%
IMPERIAL OIL
10.40%
KEYERA
9.89%
ENBRIDGE
9.55%
ARC RESOURCES
9.51%
PEMBINA PIPELINE
9.34%
TC ENERGY CORP
9.33%
TOURMALINE OIL
9.32%
NRGY
CENOVUS ENERGY
9.16%
SUNCOR ENERGY
8.89%
IMPERIAL OIL
8.70%
WHITECAP RESOURCES
8.67%
ARC RESOURCES
8.30%
PEMBINA PIPELINE
8.13%
CDN NATURAL RESOURCE
8.06%
ENBRIDGE
8.02%
KEYERA
7.95%
Diversification
OILY
Total weight of top 10 holdings out of 9 total
89.74%
NRGY
Total weight of top 10 holdings out of 9 total
75.88%
Characteristics
Compare
OILY
NRGY
| Provider | Evolve ETFs | Global X |
| Management | Actively managed | Passively managed |
| Benchmark | - | Mirae Asset Equal Weight Canadian Oil & Gas GTR Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 10.37% | 3.15% |
| Meets ESG criteria | No | No |
| Inception Date | March 26, 2025 | November 7, 2024 |
Frequently asked questions about OILY and NRGY
Which ETF has performed better year to date: OILY or NRGY?
As of April 30, 2026, OILY has returned 31.99% year to date, while NRGY has returned 33.12%. NRGY is ahead on YTD performance.
Which ETF is larger by assets under management: OILY or NRGY?
As of April 30, 2026, OILY manages $27.68 M in assets, while NRGY manages $311.99 M. NRGY is the larger fund by AUM.
How are OILY and NRGY managed?
OILY is actively managed by Evolve ETFs. It does not track an index. NRGY is passively managed by Global X. It tracks the Mirae Asset Equal Weight Canadian Oil & Gas GTR Index - CAD benchmark.
What sectors do OILY and NRGY emphasize?
OILY is most exposed to Energy. NRGY is most exposed to Energy.
Which ETF is attracting more investor flows: OILY or NRGY?
Year to date, OILY has seen +$11.46 M in net flows, compared with -$51.43 M for NRGY. OILY has attracted more net investor money so far.
How do the fees of OILY and NRGY compare?
OILY has an expense ratio of 0.60%, while NRGY has an expense ratio of 0.27%.
What are the top holdings of OILY and NRGY?
OILY's largest holdings include CENOVUS ENERGY, SUNCOR ENERGY, and IMPERIAL OIL. NRGY's top holdings include CENOVUS ENERGY, SUNCOR ENERGY, and IMPERIAL OIL.
Which ETF is more diversified: OILY or NRGY?
OILY holds 9 securities, while NRGY holds 9. On holdings count, OILY is the more diversified portfolio.
Recent articles about OILY and NRGY
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All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.