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

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

ENCL seeks to provide exposure to an index of Canadian crude oil and natural gas companies while generating high monthly distributions through dividend income and a dynamic covered call option writing program, employing leverage to enhance returns.

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

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
0.83%
6.70BNov 2021ENCL.TO vs CASH.TO
CBIL.TO
Global X 0-3 Month T-Bill ETFCanadian Government Bonds
99
0.85%
2.27BApr 2023ENCL.TO vs CBIL.TO
QQCL.TO
Global X Enhanced NASDAQ-100 Covered Call ETFNasdaq-100, Derivative Income
81
20.85%
364.56MOct 2023ENCL.TO vs QQCL.TO
HXS.TO
Global X S&P 500 Index Corporate Class ETFS&P 500
71
11.99%
6.67BNov 2010ENCL.TO vs HXS.TO
HXT.TO
Global X S&P/TSX 60 Corporate Class ETFCanada Equities
81
10.03%
5.16BSep 2010ENCL.TO vs HXT.TO
HSAV.TO
Global X Cash Maximizer Corporate Class ETFBank Loan
66
1.04%
1.92BFeb 2020ENCL.TO vs HSAV.TO
CHPS.TO
Global X Artificial Intelligence Semiconductor Ind...Semiconductors, Technology Equities
94
66.03%
342.08MJun 2021ENCL.TO vs CHPS.TO
HBNK.TO
Global X Equal Weight Banks Index ETFFinancials Equities
96
18.85%
—Jul 2023ENCL.TO vs HBNK.TO
USCL.TO
Global X Enhanced S&P 500 Covered Call ETFDerivative Income, S&P 500
75
11.57%
249.48MJul 2023ENCL.TO vs USCL.TO
QQCC.TO
Global X NASDAQ-100 Covered Call ETFNasdaq-100, Derivative Income
82
16.94%
713.85MSep 2011ENCL.TO vs QQCC.TO

Often Compared With ENCL.TO

Investors most often compare ENCL.TO with ENCC.TO, UTES.TO, XEG.TO. These 20 comparison targets span 5 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
ENCC.TO
Global X Canadian Oil and Gas Equity Covered Call ...Derivative Income, Energy Equities
85
29.01%
759.08MApr 2011ENCL.TO vs ENCC.TO
UTES.TO
Evolve Canadian Utilities Enhanced Yield Index Fun...Derivative Income
75
12.58%
405.53MSep 2024ENCL.TO vs UTES.TO
XEG.TO
iShares S&P/TSX Capped Energy Index ETFEnergy Equities
86
44.34%
2.28BMar 2001ENCL.TO vs XEG.TO
UMAX.TO
Hamilton Utilities YIELD MAXIMIZER ETFDerivative Income, Utilities Equities
58
8.78%
1.34BJun 2023ENCL.TO vs UMAX.TO
OILY.TO
Evolve Canadian Energy Enhanced Yield Index Fund E...Energy Equities
77
35.40%
—Mar 2025ENCL.TO vs OILY.TO
BANK.TO
Evolve Canadian Banks and Lifecos Enhanced Yield I...Derivative Income
96
17.36%
1.08BFeb 2022ENCL.TO vs BANK.TO
HHIS.TO
Harvest Diversified High Income Shares ETFDerivative Income
32
9.32%
1.82BJan 2025ENCL.TO vs HHIS.TO
XEQT.TO
iShares Core Equity ETF PortfolioGlobal Equities
75
12.29%
18.41BAug 2019ENCL.TO vs XEQT.TO
ECHI.TO
Ninepoint Enhanced Canadian HighShares ETFDerivative Income—
16.77%
—Aug 2025ENCL.TO vs ECHI.TO
EMAX.TO
Hamilton Energy YIELD MAXIMIZER ETFEnergy Equities, Derivative Income
70
30.76%
476.70MFeb 2024ENCL.TO vs EMAX.TO
TTP.TO
TD Canadian Equity Index ETFCanada Equities
80
10.77%
6.05BMar 2016ENCL.TO vs TTP.TO
ENS.TO
E Split Corp.
90
30.19%
——ENCL.TO vs ENS.TO
JEPI.TO
JPMorgan US Equity Premium Income Active ETFDerivative Income
28
1.48%
—Sep 2024ENCL.TO vs JEPI.TO
HDIV.TO
Hamilton Enhanced Canadian Covered Call ETFDerivative Income
92
16.21%
1.63BJul 2021ENCL.TO vs HDIV.TO
EQCC.TO
Global X All-Equity Asset Allocation Covered Call ...Derivative Income
81
12.84%
—May 2024ENCL.TO vs EQCC.TO
USOY
Defiance Oil Enhanced Options Income ETFDerivative Income
56
62.18%
62.15MMay 2024ENCL.TO vs USOY
XIC.TO
iShares Core S&P/TSX Capped Composite Index ETFCanada Equities
80
10.75%
29.66BFeb 2001ENCL.TO vs XIC.TO
HMAX.TO
Hamilton Canadian Financials YIELD MAXIMIZER ETFDerivative Income
91
11.17%
2.34BJan 2023ENCL.TO vs HMAX.TO
HYLD.TO
Hamilton Enhanced U.S. Covered Call ETFDerivative Income
75
15.73%
1.29BFeb 2022ENCL.TO vs HYLD.TO
FLI.TO
CI U.S. & Canada Lifeco Covered Call ETF (Hedged C...Derivative Income
31
3.96%
85.28MAug 2013ENCL.TO vs FLI.TO

Compare ENCL.TO with Any Fund or Stock

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

 

Diversifiers

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