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

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%.

Looking to diversify beyond EQCL.TO? The ETFs below have the lowest correlation with EQCL.TO — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from EQCL.TO.

Best Diversifiers for EQCL.TO

15 ETFs have low correlation with EQCL.TO (below 0.3), 7 of which are negatively correlated.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
UTES.TO
Evolve Canadian Utilities Enhanced Yield Index Fun...-0.12——
82
Derivative IncomeEQCL.TO vs UTES.TO
ENCC.TO
Global X Canadian Oil and Gas Equity Covered Call ...-0.11——
91
Derivative Income, Energy EquitiesEQCL.TO vs ENCC.TO
NXF.TO
CI Energy Giants Covered Call ETF Common Units (CA...-0.100.100.10
56
Energy Equities, Derivative IncomeEQCL.TO vs NXF.TO
ENCL.TO
Global X Enhanced Canadian Oil and Gas Equity Cove...-0.09——
91
Energy Equities, Derivative IncomeEQCL.TO vs ENCL.TO
HPF.TO
Harvest Energy Leaders Income ETF Class A CAD Hedg...-0.08——
81
Energy Equities, Derivative IncomeEQCL.TO vs HPF.TO
See all 57 diversifiers for EQCL.TO

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Diversification Analysis

Build a portfolio that complements EQCL.TO

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Analyze a portfolio with EQCL.TO