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

ETF · Currency in CAD · Last updated Jun 4, 2026

BKCL seeks to provide exposure to an equal-weighted index of diversified Canadian banks while generating high monthly income through a dynamic covered call option writing program and employing leverage to enhance returns.

Looking to diversify beyond BKCL.TO? The ETFs below have the lowest correlation with BKCL.TO — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from BKCL.TO.

Best Diversifiers for BKCL.TO

12 ETFs have low correlation with BKCL.TO (below 0.3), 3 of which are negatively correlated.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
ENCC.TO
Global X Canadian Oil and Gas Equity Covered Call ...-0.10——
85
Derivative Income, Energy EquitiesBKCL.TO vs ENCC.TO
CBIL.TO
Global X 0-3 Month T-Bill ETF-0.08——
99
Canadian Government BondsBKCL.TO vs CBIL.TO
UTES.TO
Evolve Canadian Utilities Enhanced Yield Index Fun...-0.06——
75
Derivative IncomeBKCL.TO vs UTES.TO
CASH.TO
Global X High Interest Savings ETF0.00——
100
Money MarketBKCL.TO vs CASH.TO
HSAV.TO
Global X Cash Maximizer Corporate Class ETF0.03——
66
Bank LoanBKCL.TO vs HSAV.TO
See all 61 diversifiers for BKCL.TO

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Diversification Analysis

Build a portfolio that complements BKCL.TO

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