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 18 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%	144.00M	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
XCLN.TO	iShares Global Clean Energy Index ETF	0.35%	—	Apr 2022	ENCL.TO vs XCLN.TO
ZCLN.TO	BMO Clean Energy Index ETF	0.39%	—	Jan 2021	ENCL.TO vs ZCLN.TO
HCLN.TO	Harvest Clean Energy ETF	0.40%	19.79M	Jan 2021	ENCL.TO vs HCLN.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 93.

Symbol	Name	Risk / Return Rank	AUM	Inception
NRGY.TO	Global X Equal Weight Canadian Oil & Gas Index ETF	93	294.44M	Nov 2024	ENCL.TO vs NRGY.TO
ZEO.TO	BMO Equal Weight Oil & Gas Index ETF	92	465.06M	Oct 2009	ENCL.TO vs ZEO.TO
PPLN.TO	Global X Equal Weight Canadian Pipelines Index ETF	90	—	Jul 2014	ENCL.TO vs PPLN.TO
ENCC.TO	Global X Canadian Oil and Gas Equity Covered Call ...	89	784.46M	Apr 2011	ENCL.TO vs ENCC.TO
ZWEN.TO	BMO Covered Call Energy ETF	88	132.94M	Jan 2023	ENCL.TO vs ZWEN.TO

Top Performing ENCL.TO Alternatives (YTD)

ENCL.TO is at 36.74% YTD. There are 6 ETFs in the Energy Equities category with higher YTD returns, going as high as 46.03%.

Symbol	Name	YTD Return	AUM	Inception
HXE.TO	Global X S&P/TSX Capped Energy Index Corporate Cla...	46.03%	144.00M	Sep 2013	ENCL.TO vs HXE.TO
NNRG.NEO	Ninepoint Energy ETF	44.55%	1.38B	May 2021	ENCL.TO vs NNRG.NEO
XEG.TO	iShares S&P/TSX Capped Energy Index ETF	42.08%	2.32B	Mar 2001	ENCL.TO vs XEG.TO
NRGY.TO	Global X Equal Weight Canadian Oil & Gas Index ETF	40.65%	294.44M	Nov 2024	ENCL.TO vs NRGY.TO
ZEO.TO	BMO Equal Weight Oil & Gas Index ETF	40.57%	465.06M	Oct 2009	ENCL.TO vs ZEO.TO

Lowest Volatility Alternatives to ENCL.TO

ENCL.TO has 19.53% 1-year volatility. There are 7 ETFs in the Energy Equities category with lower 1-year volatility, going as low as 15.51%.

Symbol	Name	Volatility 1Y	AUM	Inception
ENCC.TO	Global X Canadian Oil and Gas Equity Covered Call ...	15.51%	784.46M	Apr 2011	ENCL.TO vs ENCC.TO
PPLN.TO	Global X Equal Weight Canadian Pipelines Index ETF	15.60%	—	Jul 2014	ENCL.TO vs PPLN.TO
CIF.TO	iShares Global Infrastructure Index ETF	16.03%	1.59B	Aug 2008	ENCL.TO vs CIF.TO
ZWEN.TO	BMO Covered Call Energy ETF	17.20%	132.94M	Jan 2023	ENCL.TO vs ZWEN.TO
ZEO.TO	BMO Equal Weight Oil & Gas Index ETF	18.18%	465.06M	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%	784.46M	Apr 2011	ENCL.TO vs ENCC.TO
CIF.TO	iShares Global Infrastructure Index ETF	-9.49%	1.59B	Aug 2008	ENCL.TO vs CIF.TO
ZWEN.TO	BMO Covered Call Energy ETF	-9.50%	132.94M	Jan 2023	ENCL.TO vs ZWEN.TO
ZEO.TO	BMO Equal Weight Oil & Gas Index ETF	-9.88%	465.06M	Oct 2009	ENCL.TO vs ZEO.TO
NRGY.TO	Global X Equal Weight Canadian Oil & Gas Index ETF	-10.16%	294.44M	Nov 2024	ENCL.TO vs NRGY.TO

Other ETFs from Global X

The 10 most viewed Global X ETFs shown here include CASH.TO, HXQ.TO, CBIL.TO and span 11 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	1.20%	6.55B	Nov 2021	ENCL.TO vs CASH.TO
HXQ.TO	Global X Nasdaq-100 Index Corporate Class ETF	Nasdaq-100	65	20.91%	1.73B	Apr 2016	ENCL.TO vs HXQ.TO
CBIL.TO	Global X 0-3 Month T-Bill ETF	Canadian Government Bonds	99	1.23%	2.56B	Apr 2023	ENCL.TO vs CBIL.TO
QQCL.TO	Global X Enhanced NASDAQ-100 Covered Call ETF	Nasdaq-100, Derivative Income	68	19.51%	353.68M	Oct 2023	ENCL.TO vs QQCL.TO
HXS.TO	Global X S&P 500 Index Corporate Class ETF	S&P 500	81	16.23%	7.40B	Nov 2010	ENCL.TO vs HXS.TO
HXT.TO	Global X S&P/TSX 60 Index Corporate Class ETF	Canada Equities	93	14.83%	5.48B	Sep 2010	ENCL.TO vs HXT.TO
CHPS.TO	Global X Artificial Intelligence Semiconductor Ind...	Artificial Intelligence, Semiconductors, Technology Equities	83	54.80%	370.09M	Jun 2021	ENCL.TO vs CHPS.TO
HSAV.TO	Global X Cash Maximizer Corporate Class ETF	Money Market	58	1.01%	1.93B	Feb 2020	ENCL.TO vs HSAV.TO
HBNK.TO	Global X Equal Weight Banks Index ETF	Financials Equities, Equal Weight	98	32.77%	—	Jul 2023	ENCL.TO vs HBNK.TO
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	Derivative Income, S&P 500	86	16.88%	244.05M	Jul 2023	ENCL.TO vs USCL.TO

Often Compared With ENCL.TO

Investors most often compare ENCL.TO with UTES.TO, UMAX.TO, OILY.TO. These 20 comparison targets span 10 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...	Utilities Equities, Derivative Income, Leveraged Equities	52	9.53%	445.34M	Sep 2024	ENCL.TO vs UTES.TO
UMAX.TO	Hamilton Utilities YIELD MAXIMIZER ETF	Derivative Income, Utilities Equities	69	8.91%	1.45B	Jun 2023	ENCL.TO vs UMAX.TO
OILY.TO	Evolve Canadian Energy Enhanced Yield Index Fund E...	Energy Equities	82	36.54%	—	Mar 2025	ENCL.TO vs OILY.TO
BANK.TO	Evolve Canadian Banks and Lifecos Enhanced Yield I...	Derivative Income	98	33.40%	1.33B	Feb 2022	ENCL.TO vs BANK.TO
HHIS.TO	Harvest Diversified High Income Shares ETF	Derivative Income	25	8.57%	1.82B	Jan 2025	ENCL.TO vs HHIS.TO
ECHI.TO	Ninepoint Enhanced Canadian HighShares ETF	Derivative Income	—	16.82%	—	Aug 2025	ENCL.TO vs ECHI.TO
XEQT.TO	iShares Core Equity ETF Portfolio	Global Equities	89	16.44%	20.80B	Aug 2019	ENCL.TO vs XEQT.TO
JEPI.TO	JPMorgan US Equity Premium Income Active ETF	Derivative Income	48	6.89%	—	Sep 2024	ENCL.TO vs JEPI.TO
EMAX.TO	Hamilton Energy YIELD MAXIMIZER ETF	Energy Equities, Derivative Income	78	32.75%	538.30M	Feb 2024	ENCL.TO vs EMAX.TO
HDIV.TO	Hamilton Enhanced Canadian Covered Call ETF	Derivative Income	95	20.75%	1.79B	Jul 2021	ENCL.TO vs HDIV.TO
TTP.TO	TD Canadian Equity Index ETF	Canada Equities	91	14.21%	6.23B	Mar 2016	ENCL.TO vs TTP.TO
HMAX.TO	Hamilton Canadian Financials Yield Maximizer ETF	Derivative Income	97	20.10%	2.58B	Jan 2023	ENCL.TO vs HMAX.TO
ENS.TO	E Split Corp.		94	30.92%	—	—	ENCL.TO vs ENS.TO
EQCC.TO	Global X All-Equity Asset Allocation Covered Call ...	Derivative Income	76	12.13%	—	May 2024	ENCL.TO vs EQCC.TO
QQCC.TO	Global X NASDAQ-100 Covered Call ETF	Nasdaq-100, Derivative Income	68	16.67%	683.57M	Sep 2011	ENCL.TO vs QQCC.TO
USOY	Defiance Oil Enhanced Options Income ETF	Derivative Income, Options Trading, Actively Managed	32	37.86%	64.41M	May 2024	ENCL.TO vs USOY
HYLD.TO	Hamilton Enhanced U.S. Covered Call ETF	Derivative Income	77	16.59%	1.30B	Feb 2022	ENCL.TO vs HYLD.TO
XIC.TO	iShares Core S&P/TSX Capped Composite Index ETF	Canada Equities	91	14.37%	31.79B	Feb 2001	ENCL.TO vs XIC.TO
DXQ.TO	Dynamic Active Enhanced Yield Covered Options ETF	Derivative Income	59	8.14%	—	Sep 2022	ENCL.TO vs DXQ.TO
FLI.TO	CI U.S. & Canada Lifeco Covered Call ETF (Hedged C...	Derivative Income, Financials Equities, Options Trading, Actively Managed	86	19.05%	91.96M	Aug 2013	ENCL.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.

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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

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