Global X Enhanced Canadian Oil and Gas Equity Covered Call ETF CAD (ENCL.TO)

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The chart shows the growth of an initial investment of CA$10,000 in Global X Enhanced Canadian Oil and Gas Equity Covered Call ETF CAD, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Global X Enhanced Canadian Oil and Gas Equity Covered Call ETF CAD (ENCL.TO) has returned 30.98% so far this year and 40.62% over the past 12 months.

Based on dividend-adjusted daily data since Oct 11, 2023, ENCL.TO's average daily return is +0.10%, while the average monthly return is +1.99%. At this rate, your investment would double in approximately 2.9 years.

Historically, 73% of months were positive and 27% were negative. The best month was Mar 2026 with a return of +11.9%, while the worst month was Apr 2025 at -11.4%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 1 months.

On a daily basis, ENCL.TO closed higher 57% of trading days. The best single day was Apr 9, 2025 with a return of +7.0%, while the worst single day was Apr 4, 2025 at -8.4%.

Global X Enhanced Canadian Oil and Gas Equity Covered Call ETF CAD has an annualized alpha of 16.40%, beta of 0.48, and R² of 0.13 versus S&P 500 Index. Calculated based on daily prices since October 12, 2023.

• This ETF captured 49.49% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -87.97%) — a profile typical of hedging or uncorrelated assets.
• Beta of 0.48 may look defensive, but with R² of 0.13 this ETF is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R² of 0.13 means this ETF moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

ENCL.TO has a high expense ratio of 1.86%, indicating above-average management fees.

ENCL.TO ranks 82 for risk / return — in the top 82% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

The table below present risk-adjusted performance metrics for Global X Enhanced Canadian Oil and Gas Equity Covered Call ETF CAD (ENCL.TO) and compare them to a chosen benchmark (S&P 500 Index).

Global X Enhanced Canadian Oil and Gas Equity Covered Call ETF CAD provided a 13.37% dividend yield over the last twelve months, with an annual payout of CA$3.11 per share.

The table displays the monthly dividend distributions for Global X Enhanced Canadian Oil and Gas Equity Covered Call ETF CAD. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Global X Enhanced Canadian Oil and Gas Equity Covered Call ETF CAD. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Global X Enhanced Canadian Oil and Gas Equity Covered Call ETF CAD was 21.05%, occurring on Apr 8, 2025. Recovery took 94 trading sessions.

The chart below shows the rolling one-month volatility.