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

ETF · Currency in CAD · Last updated Jul 18, 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 81 ETFs in the Derivative Income category with lower expense ratios, going as low as 0.29%.

SymbolNameExpense RatioAUMInception
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%169.56MNov 2025EQCL.TO vs EQLI.TO
JEPI.TO
JPMorgan US Equity Premium Income Active ETF0.35%—Sep 2024EQCL.TO vs JEPI.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%224.00MSep 2024EQCL.TO vs HBIL.TO

Best Risk-Adjusted Alternatives to EQCL.TO

EQCL.TO has a PortfoliosLab risk / return rank of 79. There are 26 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
180.28MJun 2022EQCL.TO vs HLIF.TO
CBNK.TO
Mulvihill Canadian Bank Enhanced Yield ETF
98
—Feb 2022EQCL.TO vs CBNK.TO
BANK.TO
Evolve Canadian Banks and Lifecos Enhanced Yield I...
98
1.26BFeb 2022EQCL.TO vs BANK.TO
ZWB.TO
BMO Covered Call Canadian Banks ETF
98
4.84BJan 2011EQCL.TO vs ZWB.TO
BKCL.TO
Global X Enhanced Equal Weight Canadian Banks Cove...
97
198.10MJul 2023EQCL.TO vs BKCL.TO

Top Performing EQCL.TO Alternatives (YTD)

EQCL.TO is at 13.63% YTD. There are 35 ETFs in the Derivative Income category with higher YTD returns, going as high as 48.52%.

SymbolNameYTD ReturnAUMInception
CBNK.TO
Mulvihill Canadian Bank Enhanced Yield ETF
48.52%
—Feb 2022EQCL.TO vs CBNK.TO
ENCL.TO
Global X Enhanced Canadian Oil and Gas Equity Cove...
37.25%
271.10MOct 2023EQCL.TO vs ENCL.TO
BANK.TO
Evolve Canadian Banks and Lifecos Enhanced Yield I...
34.14%
1.26BFeb 2022EQCL.TO vs BANK.TO
HPF.TO
Harvest Energy Leaders Income ETF Class A CAD Hedg...
31.82%
—Oct 2014EQCL.TO vs HPF.TO
BKCL.TO
Global X Enhanced Equal Weight Canadian Banks Cove...
31.50%
198.10MJul 2023EQCL.TO vs BKCL.TO

Lowest Volatility Alternatives to EQCL.TO

EQCL.TO has 13.87% 1-year volatility. There are 44 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 1.76%.

SymbolNameVolatility 1YAUMInception
HBIL.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...1.76%224.00MSep 2024EQCL.TO vs HBIL.TO
HBIL-U.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhed...1.92%—Sep 2024EQCL.TO vs HBIL-U.TO
HPYM.TO
Harvest Premium Yield 7-10 Year Treasury ETF - Cla...4.73%259.21MJan 2024EQCL.TO vs HPYM.TO
FCMI.TO
Fidelity Canadian Monthly High Income ETF6.39%—Jan 2020EQCL.TO vs FCMI.TO
ZPH.TO
BMO US Put Write Hedged to CAD ETF6.59%35.29MFeb 2017EQCL.TO vs ZPH.TO

Lowest Drawdown Alternatives to EQCL.TO

EQCL.TO has a 1-year max drawdown of -8.40%. There are 37 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%
224.00MSep 2024EQCL.TO vs HBIL.TO
HBIL-U.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhed...
-1.07%
—Sep 2024EQCL.TO vs HBIL-U.TO
HLIF.TO
Harvest Canadian Equity Income Leaders ETF Class A
-3.09%
180.28MJun 2022EQCL.TO vs HLIF.TO
FCMI.TO
Fidelity Canadian Monthly High Income ETF
-3.62%
—Jan 2020EQCL.TO vs FCMI.TO
HPYM.TO
Harvest Premium Yield 7-10 Year Treasury ETF - Cla...
-3.87%
259.21MJan 2024EQCL.TO vs HPYM.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.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
CASH.TO
Global X High Interest Savings ETFMoney Market
100
1.12%
6.66BNov 2021EQCL.TO vs CASH.TO
CBIL.TO
Global X 0-3 Month T-Bill ETFCanadian Government Bonds
99
1.14%
2.39BApr 2023EQCL.TO vs CBIL.TO
QQCL.TO
Global X Enhanced NASDAQ-100 Covered Call ETFNasdaq-100, Derivative Income
60
15.07%
370.02MOct 2023EQCL.TO vs QQCL.TO
HXS.TO
Global X S&P 500 Index Corporate Class ETFS&P 500
65
11.55%
7.49BNov 2010EQCL.TO vs HXS.TO
HXT.TO
Global X S&P/TSX 60 Index Corporate Class ETFCanada Equities
91
13.52%
5.40BSep 2010EQCL.TO vs HXT.TO
CHPS.TO
Global X Artificial Intelligence Semiconductor Ind...Semiconductors, Technology Equities
80
47.72%
391.52MJun 2021EQCL.TO vs CHPS.TO
HSAV.TO
Global X Cash Maximizer Corporate Class ETFMoney Market
62
0.91%
1.93BFeb 2020EQCL.TO vs HSAV.TO
HBNK.TO
Global X Equal Weight Banks Index ETFFinancials Equities, Equal Weight
98
35.85%
—Jul 2023EQCL.TO vs HBNK.TO
USCL.TO
Global X Enhanced S&P 500 Covered Call ETFDerivative Income, S&P 500
75
12.31%
250.73MJul 2023EQCL.TO vs USCL.TO
QQCC.TO
Global X NASDAQ-100 Covered Call ETFNasdaq-100, Derivative Income
61
12.46%
709.55MSep 2011EQCL.TO vs QQCC.TO

Often Compared With EQCL.TO

Investors most often compare EQCL.TO with XEQT.TO, HEQL.TO, HYLD.TO. These 20 comparison targets span 13 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
XEQT.TO
iShares Core Equity ETF PortfolioGlobal Equities
80
12.57%
20.34BAug 2019EQCL.TO vs XEQT.TO
HEQL.TO
Global X Enhanced All-Equity Asset Allocation ETF ...Leveraged Equities———Oct 2023EQCL.TO vs HEQL.TO
HYLD.TO
Hamilton Enhanced U.S. Covered Call ETFDerivative Income
64
12.10%
1.32BFeb 2022EQCL.TO vs HYLD.TO
HEQT.TO
Horizons All-Equity Asset Allocation ETFGlobal Equities
79
13.34%
—Sep 2019EQCL.TO vs HEQT.TO
HDIV.TO
Hamilton Enhanced Canadian Covered Call ETFDerivative Income
95
18.64%
1.74BJul 2021EQCL.TO vs HDIV.TO
VFV.TO
Vanguard S&P 500 Index ETFS&P 500
68
11.72%
34.09BNov 2012EQCL.TO vs VFV.TO
VEQT.TO
Vanguard All-Equity ETF PortfolioGlobal Equities
81
12.55%
15.67BJan 2019EQCL.TO vs VEQT.TO
EQCC.TO
Global X All-Equity Asset Allocation Covered Call ...Derivative Income
81
11.79%
—May 2024EQCL.TO vs EQCC.TO
EMCL.NEO
Global X Enhanced MSCI Emerging Markets Covered Ca...Derivative Income
58
17.09%
7.03MMay 2024EQCL.TO vs EMCL.NEO
BMAX.TO
Brompton Enhanced Multi-Asset Income ETFDiversified Portfolio
62
9.83%
65.40M—EQCL.TO vs BMAX.TO
ZDM.TO
BMO MSCI EAFE Hedged to CAD Index ETFInternational Equity
67
11.48%
1.92BOct 2009EQCL.TO vs ZDM.TO
HTAE.TO
Harvest Tech Achievers Enhanced Income ETF - Class...Technology Equities
38
20.93%
112.85MOct 2022EQCL.TO vs HTAE.TO
EMAX.TO
Hamilton Energy YIELD MAXIMIZER ETFEnergy Equities, Derivative Income
71
28.30%
494.30MFeb 2024EQCL.TO vs EMAX.TO
HUTE.TO
Harvest Equal Weight Global Utilities Enhanced Inc...Derivative Income, Utilities Equities
67
14.28%
103.07MOct 2022EQCL.TO vs HUTE.TO
FAP.TO
abrdn Asia-Pacific Income Fund VCC
35
-2.85%
——EQCL.TO vs FAP.TO
HPYT.TO
Harvest Premium Yield Treasury ETF ADerivative Income
17
-1.08%
360.54MMay 2024EQCL.TO vs HPYT.TO
GLCC.TO
Global X Gold Producer Equity Covered Call ETFDerivative Income, Gold, Precious Metals
28
-15.15%
574.94MApr 2011EQCL.TO vs GLCC.TO
ZGRO.TO
BMO Growth ETFGlobal Allocation, Diversified Portfolio
72
10.33%
778.93MFeb 2019EQCL.TO vs ZGRO.TO
CDAY.NEO
Hamilton Enhanced Canadian Equity DayMAX ETFDerivative Income, Canada Equities
91
18.76%
242.10MJul 2025EQCL.TO vs CDAY.NEO
YCST.NEO
Costco (COST) Yield Shares Purpose ETFDerivative Income
9
10.90%
—Feb 2025EQCL.TO vs YCST.NEO

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