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Compare iShares S&P/TSX Capped Energy Index ETF (XEG) vs Global X Equal Weight Canadian Oil & Gas Index ETF (NRGY) to find the best fit for your portfolio. XEG and NRGY provide the same top sector exposures: Energy. When evaluating costs, XEG features a management fee (MER) of 0.55%, compared to 0.4% for NRGY. Performance-wise, XEG has returned 42.5% year-to-date with +$106 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
XEG
NRGY
| AuM | $2,320.58 M | $311.99 M |
| Management Fees | 0.55% | 0.40% |
| Exp. ratio | 0.60% | 0.27% |
| Tracking Difference | 5.93% | -0.53% |
Historical performance and flows
As of May 1, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XEG | +4.17% | +29.43% | +42.50% | +82.47% | +100.13% |
NRGY | +4.38% | +24.55% | +33.12% | +57.95% | - | |
| Flows | XEG | -$36 M | +$353 M | +$106 M | -$327 M | -$712 M |
NRGY | -$20 M | -$74 M | -$51 M | -$5 M | - |
XEG vs NRGY exposure
Countries
XEG
Canada
99.62%
NRGY
Canada
75.88%
Other
24.12%
Sectors
XEG
Energy
99.17%
NRGY
Energy
75.88%
Other
24.12%
As of May 1, 2026
Top 10 Holdings
XEG
SUNCOR ENERGY
26.38%
CDN NATURAL RESOURCE
23.98%
CENOVUS ENERGY
12.23%
IMPERIAL OIL
6.69%
TOURMALINE OIL
5.99%
WHITECAP RESOURCES
4.66%
ARC RESOURCES
4.05%
PRAIRIESKY ROYALTY
1.83%
TAMARACK VALLEY ENERGY
1.37%
PEYTO EXPLORATION DEVELOPMENT
1.36%
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
XEG
Total weight of top 10 holdings out of 26 total
88.55%
NRGY
Total weight of top 10 holdings out of 9 total
75.88%
Characteristics
Compare
XEG
NRGY
| Provider | iShares | Global X |
| Management | Passively managed | Passively managed |
| Benchmark | S&P/TSX Capped Energy Index - CAD | Mirae Asset Equal Weight Canadian Oil & Gas GTR Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.69% | 3.15% |
| Meets ESG criteria | No | No |
| Inception Date | March 19, 2001 | November 7, 2024 |
Frequently asked questions about XEG and NRGY
Which ETF has performed better year to date: XEG or NRGY?
As of May 1, 2026, XEG has returned 42.50% year to date, while NRGY has returned 33.12%. XEG is ahead on YTD performance.
Which ETF is larger by assets under management: XEG or NRGY?
As of May 1, 2026, XEG manages $2.32 B in assets, while NRGY manages $311.99 M. XEG is the larger fund by AUM.
How are XEG and NRGY managed?
XEG is passively managed by iShares. It tracks the S&P/TSX Capped Energy Index - CAD benchmark. NRGY is passively managed by Global X. It tracks the Mirae Asset Equal Weight Canadian Oil & Gas GTR Index - CAD benchmark.
What sectors do XEG and NRGY emphasize?
XEG is most exposed to Energy. NRGY is most exposed to Energy.
Which ETF is attracting more investor flows: XEG or NRGY?
Year to date, XEG has seen +$106.20 M in net flows, compared with -$51.43 M for NRGY. XEG has attracted more net investor money so far.
How do the fees of XEG and NRGY compare?
XEG has an expense ratio of 0.60%, while NRGY has an expense ratio of 0.27%.
What are the top holdings of XEG and NRGY?
XEG's largest holdings include SUNCOR ENERGY, CDN NATURAL RESOURCE, and CENOVUS ENERGY. NRGY's top holdings include CENOVUS ENERGY, SUNCOR ENERGY, and IMPERIAL OIL.
Which ETF is more diversified: XEG or NRGY?
XEG holds 26 securities, while NRGY holds 9. On holdings count, XEG is the more diversified portfolio.
Recent articles about XEG 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.