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Global X Enhanced All-Equity Asset Allocation Covered Call ETF CAD (EQCL.TO) Alternatives

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

EQCL aims to provide a high level of income and long-term capital growth by investing in ETFs with global equity exposure and utilizing a dynamic covered call option writing program, while employing leverage up to approximately 125%.

Global X Enhanced All-Equity Asset Allocation Covered Call ETF CAD (EQCL.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 EQCL.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to EQCL.TO

EQCL.TO charges 2.20% annually. There are 73 ETFs in the Derivative Income category with lower expense ratios, going as low as 0.04%.

SymbolNameExpense RatioAUMInception
USCL.TO
Global X Enhanced S&P 500 Covered Call ETF0.04%249.48MJul 2023EQCL.TO vs USCL.TO
ECHI.TO
Ninepoint Enhanced Canadian HighShares ETF0.29%—Aug 2025EQCL.TO vs ECHI.TO
EQLI.TO
Invesco S&P 500 Equal Weight Income Advantage ETF0.29%155.19MNov 2025EQCL.TO vs EQLI.TO
JEPQ.TO
JPMorgan Nasdaq Equity Premium Income Active ETF0.35%136.22MSep 2024EQCL.TO vs JEPQ.TO
HBIL.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...0.35%235.30MSep 2024EQCL.TO vs HBIL.TO

Best Risk-Adjusted Alternatives to EQCL.TO

EQCL.TO has a PortfoliosLab risk / return rank of 78. There are 24 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
—Jun 2022EQCL.TO vs HLIF.TO
CBNK.TO
Mulvihill Canadian Bank Enhanced Yield ETF
96
—Feb 2022EQCL.TO vs CBNK.TO
BANK.TO
Evolve Canadian Banks and Lifecos Enhanced Yield I...
96
1.08BFeb 2022EQCL.TO vs BANK.TO
BKCL.TO
Global X Enhanced Equal Weight Canadian Banks Cove...
95
187.53MJul 2023EQCL.TO vs BKCL.TO
BKCC.TO
Global X Equal Weight Canadian Bank Covered Call E...
94
370.01MMay 2011EQCL.TO vs BKCC.TO

Top Performing EQCL.TO Alternatives (YTD)

EQCL.TO is at 12.75% YTD. There are 34 ETFs in the Derivative Income category with higher YTD returns, going as high as 59.96%.

SymbolNameYTD ReturnAUMInception
YAVG.NEO
Broadcom (AVGO) Yield Shares Purpose ETF
59.96%
—Feb 2025EQCL.TO vs YAVG.NEO
AVGY.TO
Harvest Broadcom Enhanced High Income Shares ETF -...
42.92%
—Mar 2025EQCL.TO vs AVGY.TO
CNQE.TO
Harvest CNQ Enhanced High Income Shares ETF
39.35%
—Aug 2025EQCL.TO vs CNQE.TO
ENCL.TO
Global X Enhanced Canadian Oil and Gas Equity Cove...
36.58%
286.32MOct 2023EQCL.TO vs ENCL.TO
NXF.TO
CI Energy Giants Covered Call ETF Common Units (CA...
32.43%
116.31MFeb 2015EQCL.TO vs NXF.TO

Lowest Volatility Alternatives to EQCL.TO

EQCL.TO has 12.75% 1-year volatility. There are 34 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 1.66%.

SymbolNameVolatility 1YAUMInception
HBIL.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...1.66%235.30MSep 2024EQCL.TO vs HBIL.TO
HPYM.TO
Harvest Premium Yield 7-10 Year Treasury ETF - Cla...4.53%226.83MJan 2024EQCL.TO vs HPYM.TO
UMAX.TO
Hamilton Utilities YIELD MAXIMIZER ETF6.65%1.34BJun 2023EQCL.TO vs UMAX.TO
HLIF.TO
Harvest Canadian Equity Income Leaders ETF Class A6.85%—Jun 2022EQCL.TO vs HLIF.TO
ZWU.TO
BMO Covered Call Utilities ETF7.59%2.17BOct 2011EQCL.TO vs ZWU.TO

Lowest Drawdown Alternatives to EQCL.TO

EQCL.TO has a 1-year max drawdown of -8.40%. There are 27 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%
235.30MSep 2024EQCL.TO vs HBIL.TO
HLIF.TO
Harvest Canadian Equity Income Leaders ETF Class A
-3.09%
—Jun 2022EQCL.TO vs HLIF.TO
HPYM.TO
Harvest Premium Yield 7-10 Year Treasury ETF - Cla...
-3.85%
226.83MJan 2024EQCL.TO vs HPYM.TO
HUTE.TO
Harvest Equal Weight Global Utilities Enhanced Inc...
-4.57%
97.17MOct 2022EQCL.TO vs HUTE.TO
ZWU.TO
BMO Covered Call Utilities ETF
-4.86%
2.17BOct 2011EQCL.TO vs ZWU.TO

Other ETFs from Global X

The 10 most viewed Global X ETFs shown here include CASH.TO, CBIL.TO, QQCL.TO and span 11 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 2021EQCL.TO vs CASH.TO
CBIL.TO
Global X 0-3 Month T-Bill ETFCanadian Government Bonds
99
0.85%
2.27BApr 2023EQCL.TO vs CBIL.TO
QQCL.TO
Global X Enhanced NASDAQ-100 Covered Call ETFNasdaq-100, Derivative Income
81
20.85%
364.56MOct 2023EQCL.TO vs QQCL.TO
HXS.TO
Global X S&P 500 Index Corporate Class ETFS&P 500
71
11.99%
6.67BNov 2010EQCL.TO vs HXS.TO
HXT.TO
Global X S&P/TSX 60 Corporate Class ETFCanada Equities
81
10.03%
5.16BSep 2010EQCL.TO vs HXT.TO
HSAV.TO
Global X Cash Maximizer Corporate Class ETFBank Loan
66
1.04%
1.92BFeb 2020EQCL.TO vs HSAV.TO
CHPS.TO
Global X Artificial Intelligence Semiconductor Ind...Semiconductors, Technology Equities
94
66.03%
342.08MJun 2021EQCL.TO vs CHPS.TO
HBNK.TO
Global X Equal Weight Banks Index ETFFinancials Equities
96
18.85%
—Jul 2023EQCL.TO vs HBNK.TO
QQCC.TO
Global X NASDAQ-100 Covered Call ETFNasdaq-100, Derivative Income
82
16.94%
713.85MSep 2011EQCL.TO vs QQCC.TO
GLCC.TO
Global X Gold Producer Equity Covered Call ETFDerivative Income, Gold
39
-0.45%
597.10MApr 2011EQCL.TO vs GLCC.TO

Often Compared With EQCL.TO

Investors most often compare EQCL.TO with XEQT.TO, HEQL.TO, HYLD.TO. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
XEQT.TO
iShares Core Equity ETF PortfolioGlobal Equities
75
12.29%
18.41BAug 2019EQCL.TO vs XEQT.TO
HEQL.TO
Global X Enhanced All-Equity Asset Allocation ETF ...Leveraged Equities
81
16.61%
—Oct 2023EQCL.TO vs HEQL.TO
HYLD.TO
Hamilton Enhanced U.S. Covered Call ETFDerivative Income
75
15.73%
1.29BFeb 2022EQCL.TO vs HYLD.TO
HEQT.TO
Horizons All-Equity Asset Allocation ETFGlobal Equities
80
13.56%
—Sep 2019EQCL.TO vs HEQT.TO
VFV.TO
Vanguard S&P 500 Index ETFS&P 500
74
12.30%
32.85BNov 2012EQCL.TO vs VFV.TO
HDIV.TO
Hamilton Enhanced Canadian Covered Call ETFDerivative Income
92
16.21%
1.63BJul 2021EQCL.TO vs HDIV.TO
VEQT.TO
Vanguard All-Equity ETF PortfolioGlobal Equities
81
12.75%
14.70BJan 2019EQCL.TO vs VEQT.TO
EMCL.NEO
Global X Enhanced MSCI Emerging Markets Covered Ca...Derivative Income
86
27.22%
7.06MMay 2024EQCL.TO vs EMCL.NEO
EQCC.TO
Global X All-Equity Asset Allocation Covered Call ...Derivative Income
81
12.84%
—May 2024EQCL.TO vs EQCC.TO
ZDM.TO
BMO MSCI EAFE Hedged to CAD Index ETFInternational Equity
50
9.30%
1.84BOct 2009EQCL.TO vs ZDM.TO
HTAE.TO
Harvest Tech Achievers Enhanced Income ETF - Class...Technology Equities
66
32.62%
110.66MOct 2022EQCL.TO vs HTAE.TO
BMAX.TO
Brompton Enhanced Multi-Asset Income ETFDiversified Portfolio
59
9.27%
65.40M—EQCL.TO vs BMAX.TO
EMAX.TO
Hamilton Energy YIELD MAXIMIZER ETFEnergy Equities, Derivative Income
70
30.76%
476.70MFeb 2024EQCL.TO vs EMAX.TO
FAP.TO
abrdn Asia-Pacific Income Fund VCC
28
-3.88%
——EQCL.TO vs FAP.TO
HPYT.TO
Harvest Premium Yield Treasury ETF ADerivative Income
18
-0.30%
385.04MMay 2024EQCL.TO vs HPYT.TO
ENCC.TO
Global X Canadian Oil and Gas Equity Covered Call ...Derivative Income, Energy Equities
85
29.01%
759.08MApr 2011EQCL.TO vs ENCC.TO
ZGRO.TO
BMO Growth ETFLarge Cap Growth Equities
73
10.53%
740.00MFeb 2019EQCL.TO vs ZGRO.TO
CDAY.NEO
Hamilton Enhanced Canadian Equity DayMAX ETFDerivative Income, Canada Equities—
13.70%
242.10MJul 2025EQCL.TO vs CDAY.NEO
YCST.NEO
Costco (COST) Yield Shares Purpose ETFDerivative Income
5
12.72%
—Feb 2025EQCL.TO vs YCST.NEO
CYH.TO
iShares Global Monthly Dividend Index ETF (CAD-Hed...Global Equities
75
9.93%
192.14MJan 2008EQCL.TO vs CYH.TO

Compare EQCL.TO with Any Fund or Stock

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

 

Diversifiers

Pair EQCL.TO with funds that move differently

Global X Enhanced All-Equity Asset Allocation Covered Call ETF CAD alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to EQCL.TO.

Explore EQCL.TO Diversifiers