BKCL.TO Alternatives & Similar ETFs

Global X Enhanced Equal Weight Canadian Banks Covered Call ETF (BKCL.TO) belongs to the Financials Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with BKCL.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to BKCL.TO

BKCL.TO charges 1.68% annually. There are 16 ETFs in the Financials Equities category with lower expense ratios, going as low as 0.09%.

Symbol	Name	Expense Ratio	AUM	Inception
HBNK.TO	Global X Equal Weight Banks Index ETF	0.09%	—	Jul 2023	BKCL.TO vs HBNK.TO
HEB.TO	Hamilton Canadian Bank Equal-Weight Index ETF	0.19%	1.27B	Apr 2023	BKCL.TO vs HEB.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	0.25%	5.16B	Oct 2009	BKCL.TO vs ZEB.TO
XUSF.TO	iShares S&P U.S. Financials Index ETF	0.25%	—	Sep 2023	BKCL.TO vs XUSF.TO
HXF.TO	Global X S&P/TSX Capped Financials Index Corporate...	0.25%	121.72M	Sep 2013	BKCL.TO vs HXF.TO

Best Risk-Adjusted Alternatives to BKCL.TO

BKCL.TO has a PortfoliosLab risk / return rank of 95. There are 8 ETFs in the Financials Equities category with higher risk-adjusted ranks, going as high as 96.

Symbol	Name	Risk / Return Rank	AUM	Inception
CBNK.TO	Mulvihill Canadian Bank Enhanced Yield ETF	96	—	Feb 2022	BKCL.TO vs CBNK.TO
BNKL.TO	Global X Enhanced Equal Weight Banks Index ETF	96	—	Jul 2023	BKCL.TO vs BNKL.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	96	5.16B	Oct 2009	BKCL.TO vs ZEB.TO
HBNK.TO	Global X Equal Weight Banks Index ETF	96	—	Jul 2023	BKCL.TO vs HBNK.TO
HEB.TO	Hamilton Canadian Bank Equal-Weight Index ETF	96	1.27B	Apr 2023	BKCL.TO vs HEB.TO

Top Performing BKCL.TO Alternatives (YTD)

BKCL.TO is at 17.43% YTD. There are 8 ETFs in the Financials Equities category with higher YTD returns, going as high as 25.03%.

Symbol	Name	YTD Return	AUM	Inception
CBNK.TO	Mulvihill Canadian Bank Enhanced Yield ETF	25.03%	—	Feb 2022	BKCL.TO vs CBNK.TO
CFOU.TO	BetaPro S&P/TSX Capped Financials 2x Daily Bull ET...	24.98%	77.00M	Jun 2007	BKCL.TO vs CFOU.TO
BNKL.TO	Global X Enhanced Equal Weight Banks Index ETF	20.92%	—	Jul 2023	BKCL.TO vs BNKL.TO
RBNK.TO	RBC Canadian Bank Yield Index ETF	19.94%	454.41M	Oct 2017	BKCL.TO vs RBNK.TO
HEB.TO	Hamilton Canadian Bank Equal-Weight Index ETF	19.64%	1.27B	Apr 2023	BKCL.TO vs HEB.TO

Lowest Volatility Alternatives to BKCL.TO

BKCL.TO has 12.59% 1-year volatility. There are 4 ETFs in the Financials Equities category with lower 1-year volatility, going as low as 11.25%.

Symbol	Name	Volatility 1Y	AUM	Inception
CIC.TO	CI Canadian Banks Covered Call Income Class ETF	11.25%	423.04M	Aug 2010	BKCL.TO vs CIC.TO
ZWB.TO	BMO Covered Call Canadian Banks ETF	11.31%	4.34B	Jan 2024	BKCL.TO vs ZWB.TO
CEW.TO	iShares Equal Weight Banc & Lifeco ETF	11.61%	381.54M	Feb 2008	BKCL.TO vs CEW.TO
XFN.TO	iShares S&P/TSX Capped Financials Index ETF	12.07%	2.24B	Mar 2001	BKCL.TO vs XFN.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	12.62%	5.16B	Oct 2009	BKCL.TO vs ZEB.TO

Lowest Drawdown Alternatives to BKCL.TO

BKCL.TO has a 1-year max drawdown of -9.15%. There are 10 ETFs in the Financials Equities category with shallower 1-year drawdowns, going as shallow as -7.13%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
CEW.TO	iShares Equal Weight Banc & Lifeco ETF	-7.13%	381.54M	Feb 2008	BKCL.TO vs CEW.TO
XFN.TO	iShares S&P/TSX Capped Financials Index ETF	-7.80%	2.24B	Mar 2001	BKCL.TO vs XFN.TO
ZWB.TO	BMO Covered Call Canadian Banks ETF	-7.82%	4.34B	Jan 2024	BKCL.TO vs ZWB.TO
HXF.TO	Global X S&P/TSX Capped Financials Index Corporate...	-7.94%	121.72M	Sep 2013	BKCL.TO vs HXF.TO
CIC.TO	CI Canadian Banks Covered Call Income Class ETF	-8.23%	423.04M	Aug 2010	BKCL.TO vs CIC.TO

Other ETFs from Global X

The 10 most viewed Global X ETFs shown here include CASH.TO, CBIL.TO, QQCL.TO and span 10 categories. AUM among these funds goes as high as $7B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
CASH.TO	Global X High Interest Savings ETF	Money Market	100	0.83%	6.70B	Nov 2021	BKCL.TO vs CASH.TO
CBIL.TO	Global X 0-3 Month T-Bill ETF	Canadian Government Bonds	99	0.85%	2.27B	Apr 2023	BKCL.TO vs CBIL.TO
QQCL.TO	Global X Enhanced NASDAQ-100 Covered Call ETF	Nasdaq-100, Derivative Income	81	20.85%	364.56M	Oct 2023	BKCL.TO vs QQCL.TO
HXS.TO	Global X S&P 500 Index Corporate Class ETF	S&P 500	71	11.99%	6.67B	Nov 2010	BKCL.TO vs HXS.TO
HXT.TO	Global X S&P/TSX 60 Corporate Class ETF	Canada Equities	81	10.03%	5.16B	Sep 2010	BKCL.TO vs HXT.TO
HSAV.TO	Global X Cash Maximizer Corporate Class ETF	Bank Loan	66	1.04%	1.92B	Feb 2020	BKCL.TO vs HSAV.TO
CHPS.TO	Global X Artificial Intelligence Semiconductor Ind...	Semiconductors, Technology Equities	94	66.03%	342.08M	Jun 2021	BKCL.TO vs CHPS.TO
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	Derivative Income, S&P 500	75	11.57%	249.48M	Jul 2023	BKCL.TO vs USCL.TO
QQCC.TO	Global X NASDAQ-100 Covered Call ETF	Nasdaq-100, Derivative Income	82	16.94%	713.85M	Sep 2011	BKCL.TO vs QQCC.TO
GLCC.TO	Global X Gold Producer Equity Covered Call ETF	Derivative Income, Gold	39	-0.45%	597.10M	Apr 2011	BKCL.TO vs GLCC.TO

Often Compared With BKCL.TO

Investors most often compare BKCL.TO with BANK.TO, HMAX.TO, VDY.TO. These 20 comparison targets span 5 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
BANK.TO	Evolve Canadian Banks and Lifecos Enhanced Yield I...	Derivative Income	96	17.36%	1.08B	Feb 2022	BKCL.TO vs BANK.TO
HMAX.TO	Hamilton Canadian Financials YIELD MAXIMIZER ETF	Derivative Income	91	11.17%	2.34B	Jan 2023	BKCL.TO vs HMAX.TO
VDY.TO	Vanguard FTSE Canadian High Dividend Yield Index E...	Dividend	98	20.59%	7.99B	Nov 2012	BKCL.TO vs VDY.TO
XDIV.TO	iShares Core MSCI Canadian Quality Dividend Index ...	Dividend, Large Cap Value Equities	98	19.17%	5.25B	Jun 2017	BKCL.TO vs XDIV.TO
HURA.TO	Global X Uranium Index ETF	Commodity Producers Equities	33	14.10%	205.13M	May 2019	BKCL.TO vs HURA.TO
BKCC.TO	Global X Equal Weight Canadian Bank Covered Call E...	Derivative Income	95	14.55%	370.01M	May 2011	BKCL.TO vs BKCC.TO
DXQ.TO	Dynamic Active Enhanced Yield Covered Options ETF	Derivative Income	68	7.55%	—	Sep 2022	BKCL.TO vs DXQ.TO
RCDC.TO	RBC Canadian Dividend Covered Call ETF	Derivative Income	93	12.41%	—	Jan 2023	BKCL.TO vs RCDC.TO
HYLD.TO	Hamilton Enhanced U.S. Covered Call ETF	Derivative Income	75	15.73%	1.29B	Feb 2022	BKCL.TO vs HYLD.TO
CNYE.TO	Harvest Coinbase Enhanced High Income Shares ETF	Derivative Income	5	-24.16%	—	Mar 2025	BKCL.TO vs CNYE.TO
ENCC.TO	Global X Canadian Oil and Gas Equity Covered Call ...	Derivative Income, Energy Equities	85	29.01%	759.08M	Apr 2011	BKCL.TO vs ENCC.TO
GOGY.TO	Harvest Alphabet Enhanced High Income Shares ETF C...	Derivative Income	92	15.35%	—	Mar 2025	BKCL.TO vs GOGY.TO
BCCL.NEO	Global X Enhanced Bitcoin Covered Call ETF	Derivative Income	2	-25.14%	—	Apr 2025	BKCL.TO vs BCCL.NEO
CRCY.TO	Harvest Circle Enhanced High Income Shares ETF Cla...	Derivative Income	—	17.32%	—	Sep 2025	BKCL.TO vs CRCY.TO
YCST.NEO	Costco (COST) Yield Shares Purpose ETF	Derivative Income	5	11.86%	—	Feb 2025	BKCL.TO vs YCST.NEO
EQCC.TO	Global X All-Equity Asset Allocation Covered Call ...	Derivative Income	80	12.84%	—	May 2024	BKCL.TO vs EQCC.TO
HHIS.TO	Harvest Diversified High Income Shares ETF	Derivative Income	32	9.32%	1.82B	Jan 2025	BKCL.TO vs HHIS.TO
EASY.TO	Evolve All-in-One UltraYield ETF	Derivative Income	—	—	—	Mar 2026	BKCL.TO vs EASY.TO
EMCL.NEO	Global X Enhanced MSCI Emerging Markets Covered Ca...	Derivative Income	84	28.10%	7.06M	May 2024	BKCL.TO vs EMCL.NEO
HDIV.TO	Hamilton Enhanced Multi-Sector Covered Call ETF	Derivative Income	92	16.21%	1.63B	Jul 2021	BKCL.TO vs HDIV.TO

Compare BKCL.TO with Any Fund or Stock

Compare BKCL.TO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair BKCL.TO with funds that move differently

Global X Enhanced Equal Weight Canadian Banks Covered Call ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to BKCL.TO.

Explore BKCL.TO Diversifiers

Global X Enhanced Equal Weight Canadian Banks Covered Call ETF (BKCL.TO) Alternatives