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 30 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%	1.45B	Apr 2023	BKCL.TO vs HEB.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	0.25%	7.10B	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%	134.24M	Sep 2013	BKCL.TO vs HXF.TO

Best Risk-Adjusted Alternatives to BKCL.TO

BKCL.TO has a PortfoliosLab risk / return rank of 97. There are 10 ETFs in the Financials Equities category with higher risk-adjusted ranks, going as high as 98.

Symbol	Name	Risk / Return Rank	AUM	Inception
BNKL.TO	Global X Enhanced Equal Weight Banks Index ETF	98	—	Jul 2023	BKCL.TO vs BNKL.TO
CBNK.TO	Mulvihill Canadian Bank Enhanced Yield ETF	98	—	Feb 2022	BKCL.TO vs CBNK.TO
HCAL.TO	Hamilton Enhanced Canadian Bank ETF	98	1.09B	Oct 2020	BKCL.TO vs HCAL.TO
HBNK.TO	Global X Equal Weight Banks Index ETF	98	—	Jul 2023	BKCL.TO vs HBNK.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	98	7.10B	Oct 2009	BKCL.TO vs ZEB.TO

Top Performing BKCL.TO Alternatives (YTD)

BKCL.TO is at 29.34% YTD. There are 10 ETFs in the Financials Equities category with higher YTD returns, going as high as 48.45%.

Symbol	Name	YTD Return	AUM	Inception
CFOU.TO	BetaPro S&P/TSX Capped Financials 2x Daily Bull ET...	48.45%	88.65M	Jun 2007	BKCL.TO vs CFOU.TO
CBNK.TO	Mulvihill Canadian Bank Enhanced Yield ETF	44.23%	—	Feb 2022	BKCL.TO vs CBNK.TO
BNKL.TO	Global X Enhanced Equal Weight Banks Index ETF	41.35%	—	Jul 2023	BKCL.TO vs BNKL.TO
HCAL.TO	Hamilton Enhanced Canadian Bank ETF	41.03%	1.09B	Oct 2020	BKCL.TO vs HCAL.TO
RBNK.TO	RBC Canadian Bank Yield Index ETF	33.54%	518.88M	Oct 2017	BKCL.TO vs RBNK.TO

Lowest Volatility Alternatives to BKCL.TO

BKCL.TO has 14.16% 1-year volatility. There are 10 ETFs in the Financials Equities category with lower 1-year volatility, going as low as 9.59%.

Symbol	Name	Volatility 1Y	AUM	Inception
FIE.TO	iShares Canadian Financial Monthly Income ETF	9.59%	1.43B	Apr 2010	BKCL.TO vs FIE.TO
HPYB.TO	Harvest Premium Yield Canadian Bank ETF	11.92%	—	Jan 2026	BKCL.TO vs HPYB.TO
DXF.TO	Dynamic Active Global Financial Services ETF	12.43%	11.95M	Sep 2017	BKCL.TO vs DXF.TO
CIC.TO	CI Canadian Banks Covered Call Income Class ETF	12.67%	353.44M	Aug 2010	BKCL.TO vs CIC.TO
CEW.TO	iShares Equal Weight Banc & Lifeco ETF	12.79%	438.68M	Feb 2008	BKCL.TO vs CEW.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%	438.68M	Feb 2008	BKCL.TO vs CEW.TO
FIE.TO	iShares Canadian Financial Monthly Income ETF	-7.19%	1.43B	Apr 2010	BKCL.TO vs FIE.TO
XFN.TO	iShares S&P/TSX Capped Financials Index ETF	-7.80%	2.30B	Mar 2001	BKCL.TO vs XFN.TO
ZWB.TO	BMO Covered Call Canadian Banks ETF	-7.82%	4.77B	Jan 2011	BKCL.TO vs ZWB.TO
HXF.TO	Global X S&P/TSX Capped Financials Index Corporate...	-7.94%	134.24M	Sep 2013	BKCL.TO vs HXF.TO

Other ETFs from Global X

The 10 most viewed Global X ETFs shown here include CASH.TO, HXQ.TO, CBIL.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	100	1.20%	6.55B	Nov 2021	BKCL.TO vs CASH.TO
HXQ.TO	Global X Nasdaq-100 Index Corporate Class ETF	Nasdaq-100	51	14.56%	1.73B	Apr 2016	BKCL.TO vs HXQ.TO
CBIL.TO	Global X 0-3 Month T-Bill ETF	Canadian Government Bonds	99	1.23%	2.56B	Apr 2023	BKCL.TO vs CBIL.TO
QQCL.TO	Global X Enhanced NASDAQ-100 Covered Call ETF	Nasdaq-100, Derivative Income	56	14.15%	353.68M	Oct 2023	BKCL.TO vs QQCL.TO
HXS.TO	Global X S&P 500 Index Corporate Class ETF	S&P 500	70	12.29%	7.40B	Nov 2010	BKCL.TO vs HXS.TO
HXT.TO	Global X S&P/TSX 60 Index Corporate Class ETF	Canada Equities	93	13.38%	5.48B	Sep 2010	BKCL.TO vs HXT.TO
CHPS.TO	Global X Artificial Intelligence Semiconductor Ind...	Artificial Intelligence, Semiconductors, Technology Equities	80	44.43%	370.09M	Jun 2021	BKCL.TO vs CHPS.TO
HSAV.TO	Global X Cash Maximizer Corporate Class ETF	Money Market	65	1.00%	1.93B	Feb 2020	BKCL.TO vs HSAV.TO
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	Derivative Income, S&P 500	79	13.52%	244.05M	Jul 2023	BKCL.TO vs USCL.TO
QQCC.TO	Global X NASDAQ-100 Covered Call ETF	Nasdaq-100, Derivative Income	56	11.50%	683.57M	Sep 2011	BKCL.TO vs QQCC.TO

Often Compared With BKCL.TO

Investors most often compare BKCL.TO with BANK.TO, HMAX.TO, BKCC.TO. These 20 comparison targets span 11 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	98	33.28%	1.33B	Feb 2022	BKCL.TO vs BANK.TO
HMAX.TO	Hamilton Canadian Financials Yield Maximizer ETF	Derivative Income	97	19.57%	2.58B	Jan 2023	BKCL.TO vs HMAX.TO
BKCC.TO	Global X Equal Weight Canadian Bank Covered Call E...	Derivative Income	97	23.57%	405.23M	May 2011	BKCL.TO vs BKCC.TO
VDY.TO	Vanguard FTSE Canadian High Dividend Yield Index E...	Dividend	99	28.99%	8.59B	Nov 2012	BKCL.TO vs VDY.TO
XDIV.TO	iShares Core MSCI Canadian Quality Dividend Index ...	Quality Factor, Dividend, Large Cap Value Equities	98	29.20%	6.16B	Jun 2017	BKCL.TO vs XDIV.TO
HURA.TO	Global X Uranium Index ETF	Uranium	14	-7.71%	178.17M	May 2019	BKCL.TO vs HURA.TO
DXQ.TO	Dynamic Active Enhanced Yield Covered Options ETF	Derivative Income	63	8.14%	—	Sep 2022	BKCL.TO vs DXQ.TO
RCDC.TO	RBC Canadian Dividend Covered Call ETF	Derivative Income	97	18.15%	—	Jan 2023	BKCL.TO vs RCDC.TO
HDIV.TO	Hamilton Enhanced Canadian Covered Call ETF	Derivative Income	95	18.30%	1.79B	Jul 2021	BKCL.TO vs HDIV.TO
GOGY.TO	Harvest Alphabet Enhanced High Income Shares ETF C...	Derivative Income	92	16.24%	—	Mar 2025	BKCL.TO vs GOGY.TO
HYLD.TO	Hamilton Enhanced U.S. Covered Call ETF	Derivative Income	68	11.33%	1.30B	Feb 2022	BKCL.TO vs HYLD.TO
CNYE.TO	Harvest Coinbase Enhanced High Income Shares ETF	Derivative Income	2	-36.06%	—	Mar 2025	BKCL.TO vs CNYE.TO
YCST.NEO	Costco (COST) Yield Shares Purpose ETF	Derivative Income	15	12.84%	9.20M	Feb 2025	BKCL.TO vs YCST.NEO
BCCL.NEO	Global X Enhanced Bitcoin Covered Call ETF	Cryptocurrency, Derivative Income, Options Trading, Actively Managed	1	-29.86%	—	Apr 2025	BKCL.TO vs BCCL.NEO
HHIS.TO	Harvest Diversified High Income Shares ETF	Derivative Income	16	1.29%	1.82B	Jan 2025	BKCL.TO vs HHIS.TO
EMCL.NEO	Global X Enhanced MSCI Emerging Markets Covered Ca...	Emerging Markets Equities, Derivative Income, Options Trading, Actively Managed	60	18.77%	7.21M	May 2024	BKCL.TO vs EMCL.NEO
ENCC.TO	Global X Canadian Oil and Gas Equity Covered Call ...	Derivative Income, Energy Equities	93	31.48%	784.46M	Apr 2011	BKCL.TO vs ENCC.TO
EASY.TO	Evolve All-in-One UltraYield ETF	Derivative Income, Options Trading, Actively Managed	—	—	—	Mar 2026	BKCL.TO vs EASY.TO
EQCC.TO	Global X All-Equity Asset Allocation Covered Call ...	Derivative Income	80	12.13%	—	May 2024	BKCL.TO vs EQCC.TO
CRCY.TO	Harvest Circle Enhanced High Income Shares ETF Cla...	Derivative Income, Blockchain, Options Trading, Actively Managed	—	-31.93%	—	Oct 2025	BKCL.TO vs CRCY.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