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CI U.S. & Canada Lifeco Covered Call ETF (Hedged Common Units) (FLI.TO) Alternatives

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

The CI U.S. & Canada Lifeco Covered Call ETF (FLI) is a Toronto-listed ETF from CI Global Asset Management that invests in common shares of the ten largest U.S. and Canadian life insurance companies by market capitalization. The fund writes covered call options on a portion of its holdings to generate additional income and reduce overall portfolio volatility, aiming to provide quarterly cash distributions and the opportunity for capital appreciation. The hedged common units hedge U.S. dollar currency exposure back to Canadian dollars.

CI U.S. & Canada Lifeco Covered Call ETF (Hedged Common Units) (FLI.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 FLI.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to FLI.TO

Among 76 ETFs in the Derivative Income category with expense-ratio data, the lowest-cost alternatives shown here go as low as 0.04%.

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

Best Risk-Adjusted Alternatives to FLI.TO

FLI.TO has a PortfoliosLab risk / return rank of 31. There are 55 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 2022FLI.TO vs HLIF.TO
CBNK.TO
Mulvihill Canadian Bank Enhanced Yield ETF
96
—Feb 2022FLI.TO vs CBNK.TO
BANK.TO
Evolve Canadian Banks and Lifecos Enhanced Yield I...
96
1.08BFeb 2022FLI.TO vs BANK.TO
BKCL.TO
Global X Enhanced Equal Weight Canadian Banks Cove...
95
187.53MJul 2023FLI.TO vs BKCL.TO
BKCC.TO
Global X Equal Weight Canadian Bank Covered Call E...
94
370.01MMay 2011FLI.TO vs BKCC.TO

Top Performing FLI.TO Alternatives (YTD)

FLI.TO is at 3.96% YTD. There are 61 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 2025FLI.TO vs YAVG.NEO
AVGY.TO
Harvest Broadcom Enhanced High Income Shares ETF -...
42.92%
—Mar 2025FLI.TO vs AVGY.TO
CNQE.TO
Harvest CNQ Enhanced High Income Shares ETF
39.35%
—Aug 2025FLI.TO vs CNQE.TO
ENCL.TO
Global X Enhanced Canadian Oil and Gas Equity Cove...
36.58%
286.32MOct 2023FLI.TO vs ENCL.TO
NXF.TO
CI Energy Giants Covered Call ETF Common Units (CA...
32.43%
116.31MFeb 2015FLI.TO vs NXF.TO

Lowest Volatility Alternatives to FLI.TO

FLI.TO has 13.75% 1-year volatility. There are 39 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 2024FLI.TO vs HBIL.TO
HPYM.TO
Harvest Premium Yield 7-10 Year Treasury ETF - Cla...4.53%226.83MJan 2024FLI.TO vs HPYM.TO
UMAX.TO
Hamilton Utilities YIELD MAXIMIZER ETF6.65%1.34BJun 2023FLI.TO vs UMAX.TO
HLIF.TO
Harvest Canadian Equity Income Leaders ETF Class A6.85%—Jun 2022FLI.TO vs HLIF.TO
ZWU.TO
BMO Covered Call Utilities ETF7.59%2.17BOct 2011FLI.TO vs ZWU.TO

Lowest Drawdown Alternatives to FLI.TO

FLI.TO has a 1-year max drawdown of -10.00%. There are 35 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 2024FLI.TO vs HBIL.TO
HLIF.TO
Harvest Canadian Equity Income Leaders ETF Class A
-3.09%
—Jun 2022FLI.TO vs HLIF.TO
HPYM.TO
Harvest Premium Yield 7-10 Year Treasury ETF - Cla...
-3.85%
226.83MJan 2024FLI.TO vs HPYM.TO
HUTE.TO
Harvest Equal Weight Global Utilities Enhanced Inc...
-4.57%
97.17MOct 2022FLI.TO vs HUTE.TO
ZWU.TO
BMO Covered Call Utilities ETF
-4.86%
2.17BOct 2011FLI.TO vs ZWU.TO

Other ETFs from CI Global Asset Management

The 9 most viewed CI Global Asset Management ETFs shown here include BTCX-B.TO, WXM.TO, CMGG.TO and span 8 categories. AUM among these funds goes as high as $2B.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
BTCX-B.TO
CI Galaxy Bitcoin ETF C$ Unhedged Series UnitsCryptocurrency
2
-24.79%
803.84MMar 2021FLI.TO vs BTCX-B.TO
WXM.TO
CI Morningstar Canada Momentum Index ETFMomentum, Canada Equities
88
18.83%
1.57BFeb 2012FLI.TO vs WXM.TO
CMGG.TO
CI Munro Global Growth Equity FundGlobal Equities
69
21.24%
—Jan 2021FLI.TO vs CMGG.TO
ZXM.TO
CI Morningstar International Momentum Index ETF Co...Momentum, Foreign Large Cap Equities
71
12.33%
124.79MNov 2014FLI.TO vs ZXM.TO
CCCX.TO
CI Galaxy Core Multi-Crypto ETFCryptocurrency—
-26.82%
—Aug 2025FLI.TO vs CCCX.TO
ETHX.TO
CI Galaxy Ethereum ETF CAD Hedged SeriesCryptocurrency—
-40.07%
—Aug 2025FLI.TO vs ETHX.TO
CGHY.TO
CI High Yield Bond Private Pool ETF C$ SeriesHigh Yield Bonds
48
3.03%
—Apr 2022FLI.TO vs CGHY.TO
CCCX-B.TO
CI Galaxy Core Multi-Crypto ETF (CAD)Cryptocurrency—
-28.96%
—Aug 2025FLI.TO vs CCCX-B.TO
CDLB.TO
CI DoubleLine Total Return Bond US$ Fund ETF C$ He...Intermediate Core-Plus Bond, Total Bond Market
38
-0.54%
—May 2020FLI.TO vs CDLB.TO

Often Compared With FLI.TO

Investors most often compare FLI.TO with CRCY.TO, RCDC.TO, HMAX.TO. These 13 comparison targets span 4 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
CRCY.TO
Harvest Circle Enhanced High Income Shares ETF Cla...Derivative Income—
3.77%
—Sep 2025FLI.TO vs CRCY.TO
RCDC.TO
RBC Canadian Dividend Covered Call ETFDerivative Income
93
12.49%
—Jan 2023FLI.TO vs RCDC.TO
HMAX.TO
Hamilton Canadian Financials YIELD MAXIMIZER ETFDerivative Income
91
11.17%
2.34BJan 2023FLI.TO vs HMAX.TO
ZWC.TO
BMO CA High Dividend Covered Call ETFDerivative Income
92
11.12%
2.30BFeb 2017FLI.TO vs ZWC.TO
HDIV.TO
Hamilton Enhanced Canadian Covered Call ETFDerivative Income
92
16.21%
1.63BJul 2021FLI.TO vs HDIV.TO
MSTE.TO
Harvest MicroStrategy Enhanced High Income Shares ...Derivative Income
1
-20.32%
—Mar 2025FLI.TO vs MSTE.TO
JEPQ.TO
JPMorgan Nasdaq Equity Premium Income Active ETFNasdaq-100, Derivative Income
78
11.09%
136.22MSep 2024FLI.TO vs JEPQ.TO
EMAX.TO
Hamilton Energy YIELD MAXIMIZER ETFEnergy Equities, Derivative Income
70
30.76%
476.70MFeb 2024FLI.TO vs EMAX.TO
ENCC.TO
Global X Canadian Oil and Gas Equity Covered Call ...Derivative Income, Energy Equities
85
29.01%
759.08MApr 2011FLI.TO vs ENCC.TO
GOGY.TO
Harvest Alphabet Enhanced High Income Shares ETF C...Derivative Income
93
14.33%
—Mar 2025FLI.TO vs GOGY.TO
HPYT.TO
Harvest Premium Yield Treasury ETF ADerivative Income
18
-0.30%
385.04MMay 2024FLI.TO vs HPYT.TO
YGOG.NEO
Alphabet (GOOGL) Yield Shares Purpose ETFDerivative Income, Technology Equities
92
10.76%
62.20MDec 2022FLI.TO vs YGOG.NEO
QDAY.NEO
Hamilton EnhancedTechnology DayMAX™ ETFDerivative Income—
31.76%
—Jul 2025FLI.TO vs QDAY.NEO

Compare FLI.TO with Any Fund or Stock

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

 

Diversifiers

Pair FLI.TO with funds that move differently

CI U.S. & Canada Lifeco Covered Call ETF (Hedged Common Units) alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FLI.TO.

Explore FLI.TO Diversifiers