ENCL.TO Alternatives & Similar ETFs

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

Cheapest Alternatives to ENCL.TO

ENCL.TO charges 1.86% annually. There are 12 ETFs in the Energy Equities category with lower expense ratios, going as low as 0.27%.

Symbol	Name	Expense Ratio	AUM	Inception
HXE.TO	Global X S&P/TSX Capped Energy Index Corporate Cla...	0.27%	125.85M	Sep 2013	ENCL.TO vs HXE.TO
PPLN.TO	Global X Equal Weight Canadian Pipelines Index ETF	0.31%	—	Jul 2014	ENCL.TO vs PPLN.TO
NRGY.TO	Global X Equal Weight Canadian Oil & Gas Index ETF	0.49%	261.16M	Nov 2024	ENCL.TO vs NRGY.TO
OILY.TO	Evolve Canadian Energy Enhanced Yield Index Fund E...	0.60%	—	Mar 2025	ENCL.TO vs OILY.TO
XBM.TO	iShares S&P/TSX Global Base Metals Index ETF	0.60%	595.84M	Apr 2011	ENCL.TO vs XBM.TO

Best Risk-Adjusted Alternatives to ENCL.TO

ENCL.TO has a PortfoliosLab risk / return rank of 89. There are 4 ETFs in the Energy Equities category with higher risk-adjusted ranks, going as high as 92.

Symbol	Name	Risk / Return Rank	AUM	Inception
NRGY.TO	Global X Equal Weight Canadian Oil & Gas Index ETF	92	261.16M	Nov 2024	ENCL.TO vs NRGY.TO
PPLN.TO	Global X Equal Weight Canadian Pipelines Index ETF	91	—	Jul 2014	ENCL.TO vs PPLN.TO
ZEO.TO	BMO Equal Weight Oil & Gas Index ETF	90	381.83M	Oct 2009	ENCL.TO vs ZEO.TO
ENCC.TO	Global X Canadian Oil and Gas Equity Covered Call ...	89	714.60M	Apr 2011	ENCL.TO vs ENCC.TO
NNRG.NEO	Ninepoint Energy ETF	84	1.38B	May 2021	ENCL.TO vs NNRG.NEO

Top Performing ENCL.TO Alternatives (YTD)

ENCL.TO is at 35.30% YTD. There are 5 ETFs in the Energy Equities category with higher YTD returns, going as high as 39.85%.

Symbol	Name	YTD Return	AUM	Inception
NNRG.NEO	Ninepoint Energy ETF	39.85%	1.38B	May 2021	ENCL.TO vs NNRG.NEO
XEG.TO	iShares S&P/TSX Capped Energy Index ETF	36.97%	2.38B	Mar 2001	ENCL.TO vs XEG.TO
NRGY.TO	Global X Equal Weight Canadian Oil & Gas Index ETF	36.87%	261.16M	Nov 2024	ENCL.TO vs NRGY.TO
ZEO.TO	BMO Equal Weight Oil & Gas Index ETF	36.23%	381.83M	Oct 2009	ENCL.TO vs ZEO.TO
HXE.TO	Global X S&P/TSX Capped Energy Index Corporate Cla...	35.86%	125.85M	Sep 2013	ENCL.TO vs HXE.TO

Lowest Volatility Alternatives to ENCL.TO

ENCL.TO has 19.13% 1-year volatility. There are 6 ETFs in the Energy Equities category with lower 1-year volatility, going as low as 15.16%.

Symbol	Name	Volatility 1Y	AUM	Inception
ENCC.TO	Global X Canadian Oil and Gas Equity Covered Call ...	15.16%	714.60M	Apr 2011	ENCL.TO vs ENCC.TO
PPLN.TO	Global X Equal Weight Canadian Pipelines Index ETF	15.28%	—	Jul 2014	ENCL.TO vs PPLN.TO
CIF.TO	iShares Global Infrastructure Index ETF	15.70%	1.60B	Aug 2008	ENCL.TO vs CIF.TO
ZWEN.TO	BMO Covered Call Energy ETF	17.27%	130.82M	Jan 2023	ENCL.TO vs ZWEN.TO
ZEO.TO	BMO Equal Weight Oil & Gas Index ETF	17.88%	381.83M	Oct 2009	ENCL.TO vs ZEO.TO

Lowest Drawdown Alternatives to ENCL.TO

ENCL.TO has a 1-year max drawdown of -10.75%. There are 6 ETFs in the Energy Equities category with shallower 1-year drawdowns, going as shallow as -8.48%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
ENCC.TO	Global X Canadian Oil and Gas Equity Covered Call ...	-8.48%	714.60M	Apr 2011	ENCL.TO vs ENCC.TO
CIF.TO	iShares Global Infrastructure Index ETF	-9.49%	1.60B	Aug 2008	ENCL.TO vs CIF.TO
ZWEN.TO	BMO Covered Call Energy ETF	-9.50%	130.82M	Jan 2023	ENCL.TO vs ZWEN.TO
ZEO.TO	BMO Equal Weight Oil & Gas Index ETF	-9.88%	381.83M	Oct 2009	ENCL.TO vs ZEO.TO
NRGY.TO	Global X Equal Weight Canadian Oil & Gas Index ETF	-10.16%	261.16M	Nov 2024	ENCL.TO vs NRGY.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.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
CASH.TO	Global X High Interest Savings ETF	Money Market	100	1.06%	6.66B	Nov 2021	ENCL.TO vs CASH.TO
CBIL.TO	Global X 0-3 Month T-Bill ETF	Canadian Government Bonds	99	1.10%	2.39B	Apr 2023	ENCL.TO vs CBIL.TO
QQCL.TO	Global X Enhanced NASDAQ-100 Covered Call ETF	Nasdaq-100, Derivative Income	77	19.66%	370.02M	Oct 2023	ENCL.TO vs QQCL.TO
HXS.TO	Global X S&P 500 Index Corporate Class ETF	S&P 500	76	13.52%	7.49B	Nov 2010	ENCL.TO vs HXS.TO
HXT.TO	Global X S&P/TSX 60 Index Corporate Class ETF	Canada Equities	92	13.38%	5.40B	Sep 2010	ENCL.TO vs HXT.TO
CHPS.TO	Global X Artificial Intelligence Semiconductor Ind...	Semiconductors, Technology Equities	89	56.31%	391.52M	Jun 2021	ENCL.TO vs CHPS.TO
HSAV.TO	Global X Cash Maximizer Corporate Class ETF	Money Market	64	0.90%	1.93B	Feb 2020	ENCL.TO vs HSAV.TO
HBNK.TO	Global X Equal Weight Banks Index ETF	Financials Equities, Equal Weight	98	33.80%	—	Jul 2023	ENCL.TO vs HBNK.TO
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	Derivative Income, S&P 500	85	14.62%	250.73M	Jul 2023	ENCL.TO vs USCL.TO
QQCC.TO	Global X NASDAQ-100 Covered Call ETF	Nasdaq-100, Derivative Income	77	15.88%	709.55M	Sep 2011	ENCL.TO vs QQCC.TO

Often Compared With ENCL.TO

Investors most often compare ENCL.TO with UTES.TO, UMAX.TO, BANK.TO. These 20 comparison targets span 8 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
UTES.TO	Evolve Canadian Utilities Enhanced Yield Index Fun...	Derivative Income	78	12.38%	431.22M	Sep 2024	ENCL.TO vs UTES.TO
UMAX.TO	Hamilton Utilities YIELD MAXIMIZER ETF	Derivative Income, Utilities Equities	76	10.23%	1.41B	Jun 2023	ENCL.TO vs UMAX.TO
BANK.TO	Evolve Canadian Banks and Lifecos Enhanced Yield I...	Derivative Income	98	30.92%	1.26B	Feb 2022	ENCL.TO vs BANK.TO
HHIS.TO	Harvest Diversified High Income Shares ETF	Derivative Income	22	7.91%	1.87B	Jan 2025	ENCL.TO vs HHIS.TO
XEQT.TO	iShares Core Equity ETF Portfolio	Global Equities	86	13.91%	20.34B	Aug 2019	ENCL.TO vs XEQT.TO
ECHI.TO	Ninepoint Enhanced Canadian HighShares ETF	Derivative Income	—	14.77%	—	Aug 2025	ENCL.TO vs ECHI.TO
JEPI.TO	JPMorgan US Equity Premium Income Active ETF	Derivative Income	47	6.60%	—	Sep 2024	ENCL.TO vs JEPI.TO
EMAX.TO	Hamilton Energy YIELD MAXIMIZER ETF	Energy Equities, Derivative Income	63	27.91%	494.30M	Feb 2024	ENCL.TO vs EMAX.TO
HDIV.TO	Hamilton Enhanced Canadian Covered Call ETF	Derivative Income	95	19.24%	1.74B	Jul 2021	ENCL.TO vs HDIV.TO
TTP.TO	TD Canadian Equity Index ETF	Canada Equities	89	12.49%	6.31B	Mar 2016	ENCL.TO vs TTP.TO
ENS.TO	E Split Corp.		94	29.75%	—	—	ENCL.TO vs ENS.TO
HMAX.TO	Hamilton Canadian Financials Yield Maximizer ETF	Derivative Income	96	19.85%	2.53B	Jan 2023	ENCL.TO vs HMAX.TO
EQCC.TO	Global X All-Equity Asset Allocation Covered Call ...	Derivative Income	83	12.51%	—	May 2024	ENCL.TO vs EQCC.TO
USOY	Defiance Oil Enhanced Options Income ETF	Derivative Income	35	41.75%	58.33M	May 2024	ENCL.TO vs USOY
HYLD.TO	Hamilton Enhanced U.S. Covered Call ETF	Derivative Income	74	14.77%	1.32B	Feb 2022	ENCL.TO vs HYLD.TO
XIC.TO	iShares Core S&P/TSX Capped Composite Index ETF	Canada Equities	89	12.55%	31.16B	Feb 2001	ENCL.TO vs XIC.TO
FLI.TO	CI U.S. & Canada Lifeco Covered Call ETF (Hedged C...	Derivative Income	76	15.58%	90.68M	Aug 2013	ENCL.TO vs FLI.TO
DXQ.TO	Dynamic Active Enhanced Yield Covered Options ETF	Derivative Income	72	8.29%	—	Sep 2022	ENCL.TO vs DXQ.TO
QQQY.TO	Evolve NASDAQ Technology Enhanced Yield Index Fund	Nasdaq-100, Derivative Income	58	14.74%	135.03M	Oct 2025	ENCL.TO vs QQQY.TO
GLCC.TO	Global X Gold Producer Equity Covered Call ETF	Derivative Income, Gold, Precious Metals	31	-11.25%	574.94M	Apr 2011	ENCL.TO vs GLCC.TO

Compare ENCL.TO with Any Fund or Stock

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

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Pair ENCL.TO with funds that move differently

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

Explore ENCL.TO Diversifiers

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