PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

Global X Enhanced MSCI Emerging Markets Covered Call ETF (EMCL.NEO) Diversifiers

ETF · Currency in CAD · Last updated Jul 18, 2026

The Global X Enhanced MSCI Emerging Markets Covered Call ETF seeks to provide exposure to large and mid-cap securities across emerging markets, employing approximately 125% leverage and a covered call strategy to generate income through monthly distributions of dividend and call option income.

Looking to diversify beyond EMCL.NEO? The ETFs below have the lowest correlation with EMCL.NEO — 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 EMCL.NEO.

Best Diversifiers for EMCL.NEO

19 ETFs have low correlation with EMCL.NEO (below 0.3), 10 of which are negatively correlated.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
NXF.TO
CI Energy Giants Covered Call ETF Common Units (CA...-0.18——
56
Energy Equities, Derivative IncomeEMCL.NEO vs NXF.TO
HPF.TO
Harvest Energy Leaders Income ETF Class A CAD Hedg...-0.16——
81
Energy Equities, Derivative IncomeEMCL.NEO vs HPF.TO
ENCL.TO
Global X Enhanced Canadian Oil and Gas Equity Cove...-0.15——
91
Energy Equities, Derivative IncomeEMCL.NEO vs ENCL.TO
ENCC.TO
Global X Canadian Oil and Gas Equity Covered Call ...-0.15——
91
Derivative Income, Energy EquitiesEMCL.NEO vs ENCC.TO
UTES.TO
Evolve Canadian Utilities Enhanced Yield Index Fun...-0.13-0.05-0.05
82
Derivative IncomeEMCL.NEO vs UTES.TO
See all 56 diversifiers for EMCL.NEO

To view more results, upgrade your current subscription plan.

Diversification Analysis

Build a portfolio that complements EMCL.NEO

Add EMCL.NEO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with EMCL.NEO