USCF Midstream Energy Income Fund ETF (UMI)

USCF Midstream Energy Income Fund ETF (UMI $49.42)
- $49.42 P/E (TTM): 39.07X Cap: $382M
- View UMI Profile
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USCF Midstream Energy Income Fund ETF (UMI $49.42)
- $49.42 P/E (TTM): 39.07X Cap: $382M
- View UMI Profile
- View Questions on UMI
Ninepoint Energy Income FUnd (NRGI)
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Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC $10.43)
- $10.43 P/E (TTM): 14.18X Cap: $549M
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Q: Retired, dividend-income investor. I own a full position in NNRG in my TFSA account.

I am looking to add an energy income ETF in my wife's Cash account. Because I am a huge Eric fan, I had naturally gravitated to NRGI, not even thinking there might be other alternatives to his income ETF. The question earlier today related to ENCC woke me up.

Could you please list some Energy Income ETFs that you think I should consider. I will then do some of my own research on each of your candidates. Is there one that stands out as head-and-shoulders above the rest?

NRGI is roughly 85% USA stocks. whereas ENCC appears to be very heavy (90%) to Canadian. Does this factor into the equation, related to income taxes and which type of account it should be placed in?

When overlaying ENCC and NRGI on your 6 month charts, they look virtually identical. ENCC has a 10% yield vs NRGI at 7%, although I suspect there will be special dividends in addition.

Your thoughts...thanks...Steve

Read Answer Asked by Stephen on September 28, 2022