AIGO.TO vs. ENCC.TO
AIGO.TO (Global X Artificial Intelligence & Technology Index ETF) and ENCC.TO (Global X Canadian Oil and Gas Equity Covered Call ETF) are both exchange-traded funds - AIGO.TO is a Technology Equities fund tracking the Indxx Artificial Intelligence & Big Data Index, while ENCC.TO is a Derivative Income fund actively managed by Global X. AIGO.TO is passively managed, while ENCC.TO is actively managed. Over the past year, AIGO.TO returned 64.86% vs 34.49% for ENCC.TO. At a 0.04 correlation, their price movements are largely independent. AIGO.TO charges 0.60%/yr vs 0.76%/yr for ENCC.TO.
Performance
AIGO.TO vs. ENCC.TO - Performance Comparison
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Returns By Period
In the year-to-date period, AIGO.TO achieves a 35.74% return, which is significantly higher than ENCC.TO's 24.43% return.
AIGO.TO
- 1D
- 0.19%
- 1M
- 9.07%
- YTD
- 35.74%
- 6M
- 35.73%
- 1Y
- 64.86%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ENCC.TO
- 1D
- 0.64%
- 1M
- -4.83%
- YTD
- 24.43%
- 6M
- 25.49%
- 1Y
- 34.49%
- 3Y*
- 22.40%
- 5Y*
- 23.41%
- 10Y*
- 8.31%
AIGO.TO vs. ENCC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AIGO.TO Global X Artificial Intelligence & Technology Index ETF | 35.74% | 25.32% | 20.16% |
ENCC.TO Global X Canadian Oil and Gas Equity Covered Call ETF | 24.43% | 13.13% | 2.09% |
Correlation
The correlation between AIGO.TO and ENCC.TO is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.13 |
Correlation (All Time) Calculated using the full available price history since May 15, 2024 | 0.04 |
The correlation between AIGO.TO and ENCC.TO shifts across timeframes, from -0.13 (1 year) to 0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
AIGO.TO vs. ENCC.TO — Risk / Return Rank
AIGO.TO
ENCC.TO
AIGO.TO vs. ENCC.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Artificial Intelligence & Technology Index ETF (AIGO.TO) and Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AIGO.TO | ENCC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.42 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.93 | 4.09 | -0.16 |
| Martin ratioReturn relative to average drawdown | 11.41 | 13.56 | -2.15 |
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Drawdowns
AIGO.TO vs. ENCC.TO - Drawdown Comparison
The maximum AIGO.TO drawdown since its inception was -26.71%, smaller than the maximum ENCC.TO drawdown of -93.29%. Use the drawdown chart below to compare losses from any high point for AIGO.TO and ENCC.TO.
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Drawdown Indicators
| AIGO.TO | ENCC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.71% | -93.29% | +66.58% |
Max Drawdown (1Y)Largest decline over 1 year | -17.14% | -8.48% | -8.66% |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.67% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.58% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -82.15% | — |
Current DrawdownCurrent decline from peak | -2.44% | -28.36% | +25.92% |
Average DrawdownAverage peak-to-trough decline | -4.39% | -55.98% | +51.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.82% | 2.56% | +3.26% |
Volatility
AIGO.TO vs. ENCC.TO - Volatility Comparison
Global X Artificial Intelligence & Technology Index ETF (AIGO.TO) has a higher volatility of 13.02% compared to Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC.TO) at 5.30%. This indicates that AIGO.TO's price experiences larger fluctuations and is considered to be riskier than ENCC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AIGO.TO | ENCC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.02% | 5.30% | +7.72% |
Volatility (6M)Calculated over the trailing 6-month period | 21.18% | 12.33% | +8.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.53% | 14.53% | +11.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.97% | 22.97% | +5.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.97% | 29.02% | -1.05% |
AIGO.TO vs. ENCC.TO - Expense Ratio Comparison
AIGO.TO has a 0.60% expense ratio, which is lower than ENCC.TO's 0.76% expense ratio.
Dividends
AIGO.TO vs. ENCC.TO - Dividend Comparison
AIGO.TO's dividend yield for the trailing twelve months is around 0.06%, less than ENCC.TO's 11.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIGO.TO Global X Artificial Intelligence & Technology Index ETF | 0.06% | 0.09% | 0.49% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ENCC.TO Global X Canadian Oil and Gas Equity Covered Call ETF | 11.50% | 13.62% | 14.58% | 14.87% | 12.55% | 4.23% | 5.10% | 6.11% | 8.37% | 6.93% | 4.34% | 3.03% |
Frequently Asked Questions
AIGO.TO and ENCC.TO have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AIGO.TO is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AIGO.TO is cheaper with a 0.60% expense ratio, compared with 0.76% for ENCC.TO.
AIGO.TO is categorized as Technology Equities, while ENCC.TO is Derivative Income. Their fees differ too: 0.60% for AIGO.TO and 0.76% for ENCC.TO.
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