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
HCAL.TO	Hamilton Enhanced Canadian Bank ETF	0.65%	959.30M	Oct 2020	HEQL.TO vs HCAL.TO
HPYE.TO	Harvest Premium Yield Enhanced ETF	0.65%	—	Jan 2026	HEQL.TO vs HPYE.TO
CNDU.TO	BetaPro S&P/TSX 60 2x Daily Bull ETF	1.15%	80.21M	Jan 2007	HEQL.TO vs CNDU.TO

Best Risk-Adjusted Alternatives to HEQL.TO

HEQL.TO has a PortfoliosLab risk / return rank of 85. There are 3 ETFs in the Leveraged Equities category with higher risk-adjusted ranks, going as high as 98.

Symbol	Name	Risk / Return Rank	AUM	Inception
SOXU.TO	MegaLong (3X) US Semiconductors Daily Leveraged Al...	98	—	May 2025	HEQL.TO vs SOXU.TO
HCAL.TO	Hamilton Enhanced Canadian Bank ETF	96	959.30M	Oct 2020	HEQL.TO vs HCAL.TO
CFOU.TO	BetaPro S&P/TSX Capped Financials 2x Daily Bull ET...	92	77.00M	Jun 2007	HEQL.TO vs CFOU.TO
QQQL.TO	Global X Enhanced Nasdaq-100 Index ETF	83	—	May 2024	HEQL.TO vs QQQL.TO
CNDU.TO	BetaPro S&P/TSX 60 2x Daily Bull ETF	80	80.21M	Jan 2007	HEQL.TO vs CNDU.TO

Top Performing HEQL.TO Alternatives (YTD)

HEQL.TO is at 17.16% YTD. There are 8 ETFs in the Leveraged Equities category with higher YTD returns, going as high as 504.91%.

Symbol	Name	YTD Return	AUM	Inception
SOXU.TO	MegaLong (3X) US Semiconductors Daily Leveraged Al...	504.91%	—	May 2025	HEQL.TO vs SOXU.TO
TQQQ.TO	BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alterna...	62.71%	—	Jun 2025	HEQL.TO vs TQQQ.TO
QQU.TO	BetaPro NASDAQ-100 2x Daily Bull ETF	41.30%	514.12M	Jun 2008	HEQL.TO vs QQU.TO
QQQL.TO	Global X Enhanced Nasdaq-100 Index ETF	27.90%	—	May 2024	HEQL.TO vs QQQL.TO
TCND.TO	BetaPro 3x S&P/TSX 60 Daily Leveraged Bull Alterna...	26.62%	—	Aug 2025	HEQL.TO vs TCND.TO

Lowest Volatility Alternatives to HEQL.TO

HEQL.TO has 15.75% 1-year volatility. There are 2 ETFs in the Leveraged Equities category with lower 1-year volatility, going as low as 12.99%.

Symbol	Name	Volatility 1Y	AUM	Inception
HPYE.TO	Harvest Premium Yield Enhanced ETF	12.99%	—	Jan 2026	HEQL.TO vs HPYE.TO
USSL.TO	Global X Enhanced S&P 500 Index ETF	14.08%	10.16M	May 2024	HEQL.TO vs USSL.TO
HCAL.TO	Hamilton Enhanced Canadian Bank ETF	15.82%	959.30M	Oct 2020	HEQL.TO vs HCAL.TO
QQQL.TO	Global X Enhanced Nasdaq-100 Index ETF	18.89%	—	May 2024	HEQL.TO vs QQQL.TO
CNDU.TO	BetaPro S&P/TSX 60 2x Daily Bull ETF	23.53%	80.21M	Jan 2007	HEQL.TO vs CNDU.TO

Lowest Drawdown Alternatives to HEQL.TO

HEQL.TO has a 1-year max drawdown of -10.69%. There is 1 ETF in the Leveraged Equities category with a shallower 1-year drawdown, going as shallow as -10.65%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
HCAL.TO	Hamilton Enhanced Canadian Bank ETF	-10.65%	959.30M	Oct 2020	HEQL.TO vs HCAL.TO
USSL.TO	Global X Enhanced S&P 500 Index ETF	-10.79%	10.16M	May 2024	HEQL.TO vs USSL.TO
QQQL.TO	Global X Enhanced Nasdaq-100 Index ETF	-12.69%	—	May 2024	HEQL.TO vs QQQL.TO
CNDU.TO	BetaPro S&P/TSX 60 2x Daily Bull ETF	-15.26%	80.21M	Jan 2007	HEQL.TO vs CNDU.TO
CFOU.TO	BetaPro S&P/TSX Capped Financials 2x Daily Bull ET...	-16.08%	77.00M	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	100	0.83%	6.70B	Nov 2021	HEQL.TO vs CASH.TO
CBIL.TO	Global X 0-3 Month T-Bill ETF	Canadian Government Bonds	99	0.83%	2.27B	Apr 2023	HEQL.TO vs CBIL.TO
QQCL.TO	Global X Enhanced NASDAQ-100 Covered Call ETF	Nasdaq-100, Derivative Income	81	20.29%	364.56M	Oct 2023	HEQL.TO vs QQCL.TO
HXS.TO	Global X S&P 500 Index Corporate Class ETF	S&P 500	74	12.29%	6.67B	Nov 2010	HEQL.TO vs HXS.TO
HXT.TO	Global X S&P/TSX 60 Corporate Class ETF	Canada Equities	84	10.99%	5.16B	Sep 2010	HEQL.TO vs HXT.TO
HSAV.TO	Global X Cash Maximizer Corporate Class ETF	Bank Loan	67	1.07%	1.92B	Feb 2020	HEQL.TO vs HSAV.TO
CHPS.TO	Global X Artificial Intelligence Semiconductor Ind...	Semiconductors, Technology Equities	95	64.50%	342.08M	Jun 2021	HEQL.TO vs CHPS.TO
HBNK.TO	Global X Equal Weight Banks Index ETF	Financials Equities	96	19.91%	—	Jul 2023	HEQL.TO vs HBNK.TO
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	Derivative Income, S&P 500	78	11.66%	249.48M	Jul 2023	HEQL.TO vs USCL.TO
QQCC.TO	Global X NASDAQ-100 Covered Call ETF	Nasdaq-100, Derivative Income	82	16.14%	713.85M	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	79	12.92%	18.41B	Aug 2019	HEQL.TO vs XEQT.TO
EQCL.TO	Global X Enhanced All-Equity Asset Allocation Cove...	Derivative Income	79	13.02%	62.65M	Oct 2023	HEQL.TO vs EQCL.TO
FEQT.NEO	Fidelity All-in-One Equity ETF Fund	Diversified Portfolio	69	10.72%	—	Jan 2022	HEQL.TO vs FEQT.NEO
HEQT.TO	Horizons All-Equity Asset Allocation ETF	Global Equities	82	14.22%	—	Sep 2019	HEQL.TO vs HEQT.TO
MIX.TO	Hamilton Enhanced Mixed Asset ETF	Diversified Portfolio	65	8.93%	—	Apr 2025	HEQL.TO vs MIX.TO
CLSA.TO	Brompton Split Corp. Enhanced Equity Income ETF	Canada Equities	95	20.42%	—	Mar 2025	HEQL.TO vs CLSA.TO
VFV.TO	Vanguard S&P 500 Index ETF	S&P 500	78	12.51%	32.85B	Nov 2012	HEQL.TO vs VFV.TO
VDY.TO	Vanguard FTSE Canadian High Dividend Yield Index E...	Dividend	98	20.67%	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	80	14.62%	—	Jan 2025	HEQL.TO vs CWIN.TO
XIC.TO	iShares Core S&P/TSX Capped Composite Index ETF	Canada Equities	84	11.92%	29.66B	Feb 2001	HEQL.TO vs XIC.TO
HYLD.TO	Hamilton Enhanced U.S. Covered Call ETF	Derivative Income	77	15.62%	1.29B	Feb 2022	HEQL.TO vs HYLD.TO
AMHE.TO	Harvest Amazon Enhanced High Income Shares ETF - C...	Leveraged Equities	25	11.52%	—	Aug 2024	HEQL.TO vs AMHE.TO
CAGE.TO	Avantis CIBC All-Equity Asset Allocation ETF	Global Equities	—	—	—	Mar 2026	HEQL.TO vs CAGE.TO
HDIV.TO	Hamilton Enhanced Multi-Sector Covered Call ETF	Derivative Income	93	16.52%	1.63B	Jul 2021	HEQL.TO vs HDIV.TO
VEQT.TO	Vanguard All-Equity ETF Portfolio	Global Equities	85	13.37%	14.70B	Jan 2019	HEQL.TO vs VEQT.TO
TEQT.TO	TD All-Equity ETF Portfolio	Global Equities	83	12.09%	—	Apr 2025	HEQL.TO vs TEQT.TO
MAW120.TO	Mawer Global Equity Fund A	Global Equities	5	7.49%	—	Oct 2009	HEQL.TO vs MAW120.TO
TBAL.TO	TD Balanced ETF Portfolio	Global Allocation	74	7.79%	—	Aug 2020	HEQL.TO vs TBAL.TO
XEI.TO	iShares S&P/TSX Composite High Dividend Index ETF	Canada Equities	98	22.21%	4.02B	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