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Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC.TO) Alternatives

ETF · Currency in CAD · Last updated Jul 15, 2026

ENCC aims to provide exposure to an equal-weight index of large Canadian crude oil and natural gas companies while generating monthly income through a dynamic covered call writing strategy to mitigate downside risk and enhance yield.

Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC.TO) belongs to the Derivative Income category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with ENCC.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to ENCC.TO

ENCC.TO charges 0.76% annually. There are 62 ETFs in the Derivative Income category with lower expense ratios, going as low as 0.29%.

SymbolNameExpense RatioAUMInception
ECHI.TO
Ninepoint Enhanced Canadian HighShares ETF0.29%—Aug 2025ENCC.TO vs ECHI.TO
EQLI.TO
Invesco S&P 500 Equal Weight Income Advantage ETF0.29%169.56MNov 2025ENCC.TO vs EQLI.TO
JEPQ.TO
JPMorgan Nasdaq Equity Premium Income Active ETF0.35%136.22MSep 2024ENCC.TO vs JEPQ.TO
JEPI.TO
JPMorgan US Equity Premium Income Active ETF0.35%—Sep 2024ENCC.TO vs JEPI.TO
HBIL.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...0.35%224.00MSep 2024ENCC.TO vs HBIL.TO

Best Risk-Adjusted Alternatives to ENCC.TO

ENCC.TO has a PortfoliosLab risk / return rank of 89. There are 14 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 98.

SymbolNameRisk / Return RankAUMInception
HLIF.TO
Harvest Canadian Equity Income Leaders ETF Class A
98
180.28MJun 2022ENCC.TO vs HLIF.TO
CBNK.TO
Mulvihill Canadian Bank Enhanced Yield ETF
98
—Feb 2022ENCC.TO vs CBNK.TO
BANK.TO
Evolve Canadian Banks and Lifecos Enhanced Yield I...
98
1.26BFeb 2022ENCC.TO vs BANK.TO
ZWB.TO
BMO Covered Call Canadian Banks ETF
98
4.84BJan 2011ENCC.TO vs ZWB.TO
BKCL.TO
Global X Enhanced Equal Weight Canadian Banks Cove...
97
198.10MJul 2023ENCC.TO vs BKCL.TO

Top Performing ENCC.TO Alternatives (YTD)

ENCC.TO is at 27.97% YTD. There are 8 ETFs in the Derivative Income category with higher YTD returns, going as high as 47.03%.

SymbolNameYTD ReturnAUMInception
CBNK.TO
Mulvihill Canadian Bank Enhanced Yield ETF
47.03%
—Feb 2022ENCC.TO vs CBNK.TO
ENCL.TO
Global X Enhanced Canadian Oil and Gas Equity Cove...
35.01%
271.10MOct 2023ENCC.TO vs ENCL.TO
YAVG.NEO
Broadcom (AVGO) Yield Shares Purpose ETF
32.14%
—Feb 2025ENCC.TO vs YAVG.NEO
BANK.TO
Evolve Canadian Banks and Lifecos Enhanced Yield I...
31.92%
1.26BFeb 2022ENCC.TO vs BANK.TO
BKCL.TO
Global X Enhanced Equal Weight Canadian Banks Cove...
30.90%
198.10MJul 2023ENCC.TO vs BKCL.TO

Lowest Volatility Alternatives to ENCC.TO

ENCC.TO has 15.13% 1-year volatility. There are 45 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 1.76%.

SymbolNameVolatility 1YAUMInception
HBIL.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...1.76%224.00MSep 2024ENCC.TO vs HBIL.TO
HPYM.TO
Harvest Premium Yield 7-10 Year Treasury ETF - Cla...4.74%259.21MJan 2024ENCC.TO vs HPYM.TO
ZPH.TO
BMO US Put Write Hedged to CAD ETF6.53%35.29MFeb 2017ENCC.TO vs ZPH.TO
HLIF.TO
Harvest Canadian Equity Income Leaders ETF Class A7.05%180.28MJun 2022ENCC.TO vs HLIF.TO
ZPW.TO
BMO US Put Write ETF7.32%105.45MSep 2015ENCC.TO vs ZPW.TO

Lowest Drawdown Alternatives to ENCC.TO

ENCC.TO has a 1-year max drawdown of -8.48%. There are 34 ETFs in the Derivative Income category with shallower 1-year drawdowns, going as shallow as -0.95%.

SymbolNameMax Drawdown 1YAUMInception
HBIL.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...
-0.95%
224.00MSep 2024ENCC.TO vs HBIL.TO
HLIF.TO
Harvest Canadian Equity Income Leaders ETF Class A
-3.09%
180.28MJun 2022ENCC.TO vs HLIF.TO
HPYM.TO
Harvest Premium Yield 7-10 Year Treasury ETF - Cla...
-3.87%
259.21MJan 2024ENCC.TO vs HPYM.TO
ZWU.TO
BMO Covered Call Utilities ETF
-4.86%
2.21BOct 2011ENCC.TO vs ZWU.TO
UMAX.TO
Hamilton Utilities YIELD MAXIMIZER ETF
-5.11%
1.41BJun 2023ENCC.TO vs UMAX.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.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
CASH.TO
Global X High Interest Savings ETFMoney Market
100
1.08%
6.66BNov 2021ENCC.TO vs CASH.TO
CBIL.TO
Global X 0-3 Month T-Bill ETFCanadian Government Bonds
99
1.10%
2.39BApr 2023ENCC.TO vs CBIL.TO
QQCL.TO
Global X Enhanced NASDAQ-100 Covered Call ETFNasdaq-100, Derivative Income
77
20.19%
370.02MOct 2023ENCC.TO vs QQCL.TO
HXS.TO
Global X S&P 500 Index Corporate Class ETFS&P 500
74
13.28%
7.49BNov 2010ENCC.TO vs HXS.TO
HXT.TO
Global X S&P/TSX 60 Index Corporate Class ETFCanada Equities
92
13.41%
5.40BSep 2010ENCC.TO vs HXT.TO
CHPS.TO
Global X Artificial Intelligence Semiconductor Ind...Semiconductors, Technology Equities
90
58.29%
391.52MJun 2021ENCC.TO vs CHPS.TO
HSAV.TO
Global X Cash Maximizer Corporate Class ETFMoney Market
66
0.97%
1.93BFeb 2020ENCC.TO vs HSAV.TO
HBNK.TO
Global X Equal Weight Banks Index ETFFinancials Equities, Equal Weight
98
34.79%
—Jul 2023ENCC.TO vs HBNK.TO
USCL.TO
Global X Enhanced S&P 500 Covered Call ETFDerivative Income, S&P 500
83
14.16%
250.73MJul 2023ENCC.TO vs USCL.TO
QQCC.TO
Global X NASDAQ-100 Covered Call ETFNasdaq-100, Derivative Income
78
16.45%
709.55MSep 2011ENCC.TO vs QQCC.TO

Often Compared With ENCC.TO

Investors most often compare ENCC.TO with EMAX.TO, ZEO, HMAX.TO. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
EMAX.TO
Hamilton Energy YIELD MAXIMIZER ETFEnergy Equities, Derivative Income
64
27.45%
494.30MFeb 2024ENCC.TO vs EMAX.TO
ZEO
Zeo Energy Corp
11
-43.76%
——ENCC.TO vs ZEO
HMAX.TO
Hamilton Canadian Financials Yield Maximizer ETFDerivative Income
96
20.57%
2.53BJan 2023ENCC.TO vs HMAX.TO
XEQT.TO
iShares Core Equity ETF PortfolioGlobal Equities
85
13.88%
20.34BAug 2019ENCC.TO vs XEQT.TO
OILY.TO
Evolve Canadian Energy Enhanced Yield Index Fund E...Energy Equities
72
31.00%
—Mar 2025ENCC.TO vs OILY.TO
XDIV.TO
iShares Core MSCI Canadian Quality Dividend Index ...Dividend, Large Cap Value Equities
98
25.21%
5.78BJun 2017ENCC.TO vs XDIV.TO
ENS.TO
E Split Corp.
95
32.45%
——ENCC.TO vs ENS.TO
HYLD.TO
Hamilton Enhanced U.S. Covered Call ETFDerivative Income
75
15.42%
1.32BFeb 2022ENCC.TO vs HYLD.TO
VDY.TO
Vanguard FTSE Canadian High Dividend Yield Index E...Dividend
99
28.26%
8.59BNov 2012ENCC.TO vs VDY.TO
XEG.TO
iShares S&P/TSX Capped Energy Index ETFEnergy Equities, Canada Equities
77
35.66%
2.38BMar 2001ENCC.TO vs XEG.TO
HXE.TO
Global X S&P/TSX Capped Energy Index Corporate Cla...Energy Equities
78
35.84%
125.85MSep 2013ENCC.TO vs HXE.TO
ZWEN.TO
BMO Covered Call Energy ETFEnergy Equities
79
30.55%
130.82MJan 2023ENCC.TO vs ZWEN.TO
ZEO.TO
BMO Equal Weight Oil & Gas Index ETFEnergy Equities, Equal Weight
89
35.88%
381.83MOct 2009ENCC.TO vs ZEO.TO
BKCC.TO
Global X Equal Weight Canadian Bank Covered Call E...Derivative Income
97
24.73%
400.33MMay 2011ENCC.TO vs BKCC.TO
GLCC.TO
Global X Gold Producer Equity Covered Call ETFDerivative Income, Gold, Precious Metals
31
-10.57%
574.94MApr 2011ENCC.TO vs GLCC.TO
HDIV.TO
Hamilton Enhanced Canadian Covered Call ETFDerivative Income
95
19.65%
1.74BJul 2021ENCC.TO vs HDIV.TO
GOGY.TO
Harvest Alphabet Enhanced High Income Shares ETF C...Derivative Income
94
17.30%
—Mar 2025ENCC.TO vs GOGY.TO
NNRG.NEO
Ninepoint Energy ETFEnergy Equities
80
38.48%
1.38BMay 2021ENCC.TO vs NNRG.NEO
UTES.TO
Evolve Canadian Utilities Enhanced Yield Index Fun...Derivative Income
75
12.01%
431.22MSep 2024ENCC.TO vs UTES.TO
AMAX.TO
Hamilton Gold Producer YIELD MAXIMIZER ETFGold, Derivative Income, Precious Metals
25
-12.33%
468.60MFeb 2024ENCC.TO vs AMAX.TO

Compare ENCC.TO with Any Fund or Stock

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

 

Diversifiers

Pair ENCC.TO with funds that move differently

Global X Canadian Oil and Gas Equity Covered Call ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ENCC.TO.

Explore ENCC.TO Diversifiers