HEQL.TO Alternatives & Similar ETFs

Global X Enhanced All-Equity Asset Allocation ETF CAD (HEQL.TO) belongs to the Leveraged Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with HEQL.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to HEQL.TO

HEQL.TO charges 1.46% annually. There are 6 ETFs in the Leveraged Equities category with lower expense ratios, going as low as 0.40%.

Symbol	Name	Expense Ratio	AUM	Inception
METE.TO	Harvest Meta Enhanced High Income Shares ETF - Cla...	0.40%	—	Jan 2025	HEQL.TO vs METE.TO
QQQL.TO	Global X Enhanced Nasdaq-100 Index ETF	0.49%	—	May 2024	HEQL.TO vs QQQL.TO
HPYE.TO	Harvest Premium Yield Enhanced ETF	0.65%	—	Jan 2026	HEQL.TO vs HPYE.TO
HCAL.TO	Hamilton Enhanced Canadian Bank ETF	0.65%	1.06B	Oct 2020	HEQL.TO vs HCAL.TO
CNDU.TO	BetaPro S&P/TSX 60 2x Daily Bull ETF	1.15%	85.03M	Jan 2007	HEQL.TO vs CNDU.TO

Best Risk-Adjusted Alternatives to HEQL.TO

Among 9 ETFs in the Leveraged Equities category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 98.

Symbol	Name	Risk / Return Rank	AUM	Inception
HCAL.TO	Hamilton Enhanced Canadian Bank ETF	98	1.06B	Oct 2020	HEQL.TO vs HCAL.TO
SOXU.TO	MegaLong (3X) US Semiconductors Daily Leveraged Al...	97	—	May 2025	HEQL.TO vs SOXU.TO
CFOU.TO	BetaPro S&P/TSX Capped Financials 2x Daily Bull ET...	96	86.85M	Jun 2007	HEQL.TO vs CFOU.TO
USSL.TO	Global X Enhanced S&P 500 Index ETF	89	11.18M	May 2024	HEQL.TO vs USSL.TO
CNDU.TO	BetaPro S&P/TSX 60 2x Daily Bull ETF	88	85.03M	Jan 2007	HEQL.TO vs CNDU.TO

Top Performing HEQL.TO Alternatives (YTD)

Among 10 ETFs in the Leveraged Equities category with YTD return data, the top-performing alternatives shown here go as high as 488.45%.

Symbol	Name	YTD Return	AUM	Inception
SOXU.TO	MegaLong (3X) US Semiconductors Daily Leveraged Al...	488.45%	—	May 2025	HEQL.TO vs SOXU.TO
CFOU.TO	BetaPro S&P/TSX Capped Financials 2x Daily Bull ET...	43.68%	86.85M	Jun 2007	HEQL.TO vs CFOU.TO
TQQQ.TO	BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alterna...	39.48%	—	Jun 2025	HEQL.TO vs TQQQ.TO
HCAL.TO	Hamilton Enhanced Canadian Bank ETF	38.45%	1.06B	Oct 2020	HEQL.TO vs HCAL.TO
QQU.TO	BetaPro NASDAQ-100 2x Daily Bull ETF	28.55%	500.98M	Jun 2008	HEQL.TO vs QQU.TO

Lowest Volatility Alternatives to HEQL.TO

HEQL.TO has 18.81% 1-year volatility. There are 3 ETFs in the Leveraged Equities category with lower 1-year volatility, going as low as 12.60%.

Symbol	Name	Volatility 1Y	AUM	Inception
HPYE.TO	Harvest Premium Yield Enhanced ETF	12.60%	—	Jan 2026	HEQL.TO vs HPYE.TO
HCAL.TO	Hamilton Enhanced Canadian Bank ETF	16.11%	1.06B	Oct 2020	HEQL.TO vs HCAL.TO
USSL.TO	Global X Enhanced S&P 500 Index ETF	18.27%	11.18M	May 2024	HEQL.TO vs USSL.TO
QQQL.TO	Global X Enhanced Nasdaq-100 Index ETF	20.82%	—	May 2024	HEQL.TO vs QQQL.TO
CNDU.TO	BetaPro S&P/TSX 60 2x Daily Bull ETF	24.13%	85.03M	Jan 2007	HEQL.TO vs CNDU.TO

Lowest Drawdown Alternatives to HEQL.TO

Among 9 ETFs in the Leveraged Equities category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -10.65%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
HCAL.TO	Hamilton Enhanced Canadian Bank ETF	-10.65%	1.06B	Oct 2020	HEQL.TO vs HCAL.TO
USSL.TO	Global X Enhanced S&P 500 Index ETF	-10.79%	11.18M	May 2024	HEQL.TO vs USSL.TO
QQQL.TO	Global X Enhanced Nasdaq-100 Index ETF	-13.02%	—	May 2024	HEQL.TO vs QQQL.TO
CNDU.TO	BetaPro S&P/TSX 60 2x Daily Bull ETF	-15.26%	85.03M	Jan 2007	HEQL.TO vs CNDU.TO
CFOU.TO	BetaPro S&P/TSX Capped Financials 2x Daily Bull ET...	-16.08%	86.85M	Jun 2007	HEQL.TO vs CFOU.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.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
CASH.TO	Global X High Interest Savings ETF	Money Market	99	0.98%	6.67B	Nov 2021	HEQL.TO vs CASH.TO
CBIL.TO	Global X 0-3 Month T-Bill ETF	Canadian Government Bonds	99	0.83%	2.36B	Apr 2023	HEQL.TO vs CBIL.TO
QQCL.TO	Global X Enhanced NASDAQ-100 Covered Call ETF	Nasdaq-100, Derivative Income	79	20.16%	379.27M	Oct 2023	HEQL.TO vs QQCL.TO
HXS.TO	Global X S&P 500 Index Corporate Class ETF	S&P 500	72	11.35%	7.12B	Nov 2010	HEQL.TO vs HXS.TO
HXT.TO	Global X S&P/TSX 60 Index Corporate Class ETF	Canada Equities	90	11.52%	5.30B	Sep 2010	HEQL.TO vs HXT.TO
CHPS.TO	Global X Artificial Intelligence Semiconductor Ind...	Semiconductors, Technology Equities	93	64.77%	416.39M	Jun 2021	HEQL.TO vs CHPS.TO
HSAV.TO	Global X Cash Maximizer Corporate Class ETF	Money Market	68	1.00%	1.92B	Feb 2020	HEQL.TO vs HSAV.TO
HBNK.TO	Global X Equal Weight Banks Index ETF	Financials Equities, Equal Weight	98	30.88%	—	Jul 2023	HEQL.TO vs HBNK.TO
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	Derivative Income, S&P 500	79	11.98%	250.98M	Jul 2023	HEQL.TO vs USCL.TO
QQCC.TO	Global X NASDAQ-100 Covered Call ETF	Nasdaq-100, Derivative Income	80	16.38%	732.86M	Sep 2011	HEQL.TO vs QQCC.TO

Often Compared With HEQL.TO

Investors most often compare HEQL.TO with XEQT.TO, EQCL.TO, FEQT.NEO. These 20 comparison targets span 8 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
XEQT.TO	iShares Core Equity ETF Portfolio	Global Equities	85	13.00%	19.56B	Aug 2019	HEQL.TO vs XEQT.TO
EQCL.TO	Global X Enhanced All-Equity Asset Allocation Cove...	Derivative Income	84	14.54%	65.22M	Oct 2023	HEQL.TO vs EQCL.TO
FEQT.NEO	Fidelity All-in-One Equity ETF Fund	Diversified Portfolio	78	11.50%	—	Jan 2022	HEQL.TO vs FEQT.NEO
HEQT.TO	Horizons All-Equity Asset Allocation ETF	Global Equities	85	14.53%	—	Sep 2019	HEQL.TO vs HEQT.TO
MIX.TO	Hamilton Enhanced Mixed Asset ETF	Diversified Portfolio	50	4.35%	—	Apr 2025	HEQL.TO vs MIX.TO
CLSA.TO	Brompton Split Corp. Enhanced Equity Income ETF	Canada Equities	97	35.31%	—	Mar 2025	HEQL.TO vs CLSA.TO
VFV.TO	Vanguard S&P 500 Index ETF	S&P 500	75	11.63%	32.85B	Nov 2012	HEQL.TO vs VFV.TO
VDY.TO	Vanguard FTSE Canadian High Dividend Yield Index E...	Dividend	98	24.72%	7.99B	Nov 2012	HEQL.TO vs VDY.TO
EASY.TO	Evolve All-in-One UltraYield ETF	Derivative Income	—	—	—	Mar 2026	HEQL.TO vs EASY.TO
CWIN.TO	HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF ...	Dividend	94	20.81%	—	Jan 2025	HEQL.TO vs CWIN.TO
CAGE.TO	Avantis CIBC All-Equity Asset Allocation ETF	Global Equities	—	—	—	Mar 2026	HEQL.TO vs CAGE.TO
AMHE.TO	Harvest Amazon Enhanced High Income Shares ETF - C...	Leveraged Equities	14	-1.51%	—	Aug 2024	HEQL.TO vs AMHE.TO
TCND.TO	BetaPro 3x S&P/TSX 60 Daily Leveraged Bull Alterna...	Leveraged Equities	—	25.88%	—	Aug 2025	HEQL.TO vs TCND.TO
XIC.TO	iShares Core S&P/TSX Capped Composite Index ETF	Canada Equities	87	11.09%	30.44B	Feb 2001	HEQL.TO vs XIC.TO
HDIV.TO	Hamilton Enhanced Canadian Covered Call ETF	Derivative Income	94	17.77%	1.70B	Jul 2021	HEQL.TO vs HDIV.TO
HYLD.TO	Hamilton Enhanced U.S. Covered Call ETF	Derivative Income	70	12.83%	1.30B	Feb 2022	HEQL.TO vs HYLD.TO
VEQT.TO	Vanguard All-Equity ETF Portfolio	Global Equities	86	13.14%	14.70B	Jan 2019	HEQL.TO vs VEQT.TO
TEQT.TO	TD All-Equity ETF Portfolio	Global Equities	85	11.84%	—	Apr 2025	HEQL.TO vs TEQT.TO
TBAL.TO	TD Balanced ETF Portfolio	Global Allocation	80	7.79%	—	Aug 2020	HEQL.TO vs TBAL.TO
XEI.TO	iShares S&P/TSX Composite High Dividend Index ETF	Canada Equities	98	23.52%	4.13B	Apr 2011	HEQL.TO vs XEI.TO

Compare HEQL.TO with Any Fund or Stock

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

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Diversifiers

Pair HEQL.TO with funds that move differently

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

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Global X Enhanced All-Equity Asset Allocation ETF CAD (HEQL.TO) Alternatives