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 18 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%	1.39B	Apr 2023	BKCL.TO vs HEB.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	0.25%	6.15B	Oct 2009	BKCL.TO vs ZEB.TO
HXF.TO	Global X S&P/TSX Capped Financials Index Corporate...	0.25%	130.84M	Sep 2013	BKCL.TO vs HXF.TO
XUSF.TO	iShares S&P U.S. Financials Index ETF	0.25%	—	Sep 2023	BKCL.TO vs XUSF.TO

Best Risk-Adjusted Alternatives to BKCL.TO

BKCL.TO has a PortfoliosLab risk / return rank of 97. There are 9 ETFs in the Financials Equities category with higher risk-adjusted ranks, going as high as 98.

Symbol	Name	Risk / Return Rank	AUM	Inception
CBNK.TO	Mulvihill Canadian Bank Enhanced Yield ETF	98	—	Feb 2022	BKCL.TO vs CBNK.TO
BNKL.TO	Global X Enhanced Equal Weight Banks Index ETF	98	—	Jul 2023	BKCL.TO vs BNKL.TO
HCAL.TO	Hamilton Enhanced Canadian Bank ETF	98	1.06B	Oct 2020	BKCL.TO vs HCAL.TO
HBNK.TO	Global X Equal Weight Banks Index ETF	97	—	Jul 2023	BKCL.TO vs HBNK.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	97	6.15B	Oct 2009	BKCL.TO vs ZEB.TO

Top Performing BKCL.TO Alternatives (YTD)

BKCL.TO is at 26.81% YTD. There are 9 ETFs in the Financials Equities category with higher YTD returns, going as high as 43.47%.

Symbol	Name	YTD Return	AUM	Inception
CFOU.TO	BetaPro S&P/TSX Capped Financials 2x Daily Bull ET...	43.47%	86.85M	Jun 2007	BKCL.TO vs CFOU.TO
CBNK.TO	Mulvihill Canadian Bank Enhanced Yield ETF	41.95%	—	Feb 2022	BKCL.TO vs CBNK.TO
HCAL.TO	Hamilton Enhanced Canadian Bank ETF	38.28%	1.06B	Oct 2020	BKCL.TO vs HCAL.TO
BNKL.TO	Global X Enhanced Equal Weight Banks Index ETF	37.19%	—	Jul 2023	BKCL.TO vs BNKL.TO
RBNK.TO	RBC Canadian Bank Yield Index ETF	31.29%	485.97M	Oct 2017	BKCL.TO vs RBNK.TO

Lowest Volatility Alternatives to BKCL.TO

BKCL.TO has 12.75% 1-year volatility. There are 5 ETFs in the Financials Equities category with lower 1-year volatility, going as low as 9.02%.

Symbol	Name	Volatility 1Y	AUM	Inception
FIE.TO	iShares Canadian Financial Monthly Income ETF	9.02%	1.40B	Apr 2010	BKCL.TO vs FIE.TO
CIC.TO	CI Canadian Banks Covered Call Income Class ETF	11.40%	348.36M	Aug 2010	BKCL.TO vs CIC.TO
ZWB.TO	BMO Covered Call Canadian Banks ETF	11.51%	4.65B	Jan 2011	BKCL.TO vs ZWB.TO
CEW.TO	iShares Equal Weight Banc & Lifeco ETF	11.79%	419.44M	Feb 2008	BKCL.TO vs CEW.TO
XFN.TO	iShares S&P/TSX Capped Financials Index ETF	12.20%	2.28B	Mar 2001	BKCL.TO vs XFN.TO

Lowest Drawdown Alternatives to BKCL.TO

BKCL.TO has a 1-year max drawdown of -9.15%. There are 11 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%	419.44M	Feb 2008	BKCL.TO vs CEW.TO
FIE.TO	iShares Canadian Financial Monthly Income ETF	-7.19%	1.40B	Apr 2010	BKCL.TO vs FIE.TO
XFN.TO	iShares S&P/TSX Capped Financials Index ETF	-7.80%	2.28B	Mar 2001	BKCL.TO vs XFN.TO
ZWB.TO	BMO Covered Call Canadian Banks ETF	-7.82%	4.65B	Jan 2011	BKCL.TO vs ZWB.TO
HXF.TO	Global X S&P/TSX Capped Financials Index Corporate...	-7.94%	130.84M	Sep 2013	BKCL.TO vs HXF.TO

Other ETFs from Global X

The 10 most viewed Global X ETFs shown here include CASH.TO, CBIL.TO, QQCL.TO and span 9 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	99	0.95%	6.67B	Nov 2021	BKCL.TO vs CASH.TO
CBIL.TO	Global X 0-3 Month T-Bill ETF	Canadian Government Bonds	99	0.97%	2.36B	Apr 2023	BKCL.TO vs CBIL.TO
QQCL.TO	Global X Enhanced NASDAQ-100 Covered Call ETF	Nasdaq-100, Derivative Income	76	20.21%	379.27M	Oct 2023	BKCL.TO vs QQCL.TO
HXS.TO	Global X S&P 500 Index Corporate Class ETF	S&P 500	69	11.68%	7.12B	Nov 2010	BKCL.TO vs HXS.TO
HXT.TO	Global X S&P/TSX 60 Index Corporate Class ETF	Canada Equities	86	11.58%	5.30B	Sep 2010	BKCL.TO vs HXT.TO
CHPS.TO	Global X Artificial Intelligence Semiconductor Ind...	Semiconductors, Technology Equities	92	62.84%	416.39M	Jun 2021	BKCL.TO vs CHPS.TO
HSAV.TO	Global X Cash Maximizer Corporate Class ETF	Money Market	61	0.90%	1.92B	Feb 2020	BKCL.TO vs HSAV.TO
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	Derivative Income, S&P 500	76	12.30%	250.98M	Jul 2023	BKCL.TO vs USCL.TO
QQCC.TO	Global X NASDAQ-100 Covered Call ETF	Nasdaq-100, Derivative Income	77	16.46%	732.86M	Sep 2011	BKCL.TO vs QQCC.TO
ENCC.TO	Global X Canadian Oil and Gas Equity Covered Call ...	Derivative Income, Energy Equities	77	24.43%	708.27M	Apr 2011	BKCL.TO vs ENCC.TO

Often Compared With BKCL.TO

Investors most often compare BKCL.TO with BANK.TO, HMAX.TO, VDY.TO. These 20 comparison targets span 4 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	97	27.46%	1.16B	Feb 2022	BKCL.TO vs BANK.TO
HMAX.TO	Hamilton Canadian Financials Yield Maximizer ETF	Derivative Income	95	17.83%	2.47B	Jan 2023	BKCL.TO vs HMAX.TO
VDY.TO	Vanguard FTSE Canadian High Dividend Yield Index E...	Dividend	98	24.99%	7.99B	Nov 2012	BKCL.TO vs VDY.TO
XDIV.TO	iShares Core MSCI Canadian Quality Dividend Index ...	Dividend, Large Cap Value Equities	98	21.65%	5.54B	Jun 2017	BKCL.TO vs XDIV.TO
HURA.TO	Global X Uranium Index ETF	Uranium	20	6.31%	203.35M	May 2019	BKCL.TO vs HURA.TO
BKCC.TO	Global X Equal Weight Canadian Bank Covered Call E...	Derivative Income	96	21.49%	395.62M	May 2011	BKCL.TO vs BKCC.TO
DXQ.TO	Dynamic Active Enhanced Yield Covered Options ETF	Derivative Income	68	7.89%	—	Sep 2022	BKCL.TO vs DXQ.TO
RCDC.TO	RBC Canadian Dividend Covered Call ETF	Derivative Income	95	14.92%	—	Jan 2023	BKCL.TO vs RCDC.TO
HYLD.TO	Hamilton Enhanced U.S. Covered Call ETF	Derivative Income	64	12.62%	1.30B	Feb 2022	BKCL.TO vs HYLD.TO
CNYE.TO	Harvest Coinbase Enhanced High Income Shares ETF	Derivative Income	3	-31.15%	—	Mar 2025	BKCL.TO vs CNYE.TO
GOGY.TO	Harvest Alphabet Enhanced High Income Shares ETF C...	Derivative Income	94	13.52%	—	Mar 2025	BKCL.TO vs GOGY.TO
YCST.NEO	Costco (COST) Yield Shares Purpose ETF	Derivative Income	7	12.50%	—	Feb 2025	BKCL.TO vs YCST.NEO
HHIS.TO	Harvest Diversified High Income Shares ETF	Derivative Income	23	4.33%	1.74B	Jan 2025	BKCL.TO vs HHIS.TO
BCCL.NEO	Global X Enhanced Bitcoin Covered Call ETF	Derivative Income	3	-29.48%	—	Apr 2025	BKCL.TO vs BCCL.NEO
EMCL.NEO	Global X Enhanced MSCI Emerging Markets Covered Ca...	Derivative Income	79	26.59%	7.51M	May 2024	BKCL.TO vs EMCL.NEO
EQCC.TO	Global X All-Equity Asset Allocation Covered Call ...	Derivative Income	79	12.17%	—	May 2024	BKCL.TO vs EQCC.TO
CRCY.TO	Harvest Circle Enhanced High Income Shares ETF Cla...	Derivative Income	—	-14.04%	—	Sep 2025	BKCL.TO vs CRCY.TO
EASY.TO	Evolve All-in-One UltraYield ETF	Derivative Income	—	—	—	Mar 2026	BKCL.TO vs EASY.TO
HDIV.TO	Hamilton Enhanced Canadian Covered Call ETF	Derivative Income	93	18.72%	1.70B	Jul 2021	BKCL.TO vs HDIV.TO
HYLD-U.TO	Hamilton Enhanced U.S. Covered Call ETF (USD)	Derivative Income	73	14.21%	919.57M	Feb 2022	BKCL.TO vs HYLD-U.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