CDAY.NEO vs. ENCC.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Hamilton Enhanced Canadian Equity DayMAX ETF (CDAY.NEO) and Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC.TO).

CDAY.NEO and ENCC.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CDAY.NEO is an actively managed fund by Hamilton Capital. It was launched on Jul 14, 2025. ENCC.TO is an actively managed fund by Global X. It was launched on Apr 11, 2011.

Performance

CDAY.NEO vs. ENCC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Hamilton Enhanced Canadian Equity DayMAX ETF (CDAY.NEO) and Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC.TO). The values are adjusted to include any dividend payments, if applicable.

CDAY.NEO vs. ENCC.TO - Yearly Performance Comparison

	2026 (YTD)	2025
CDAY.NEO Hamilton Enhanced Canadian Equity DayMAX ETF	3.53%	14.92%
ENCC.TO Global X Canadian Oil and Gas Equity Covered Call ETF	21.92%	8.07%

Returns By Period

In the year-to-date period, CDAY.NEO achieves a 3.53% return, which is significantly lower than ENCC.TO's 21.92% return.

CDAY.NEO

• 1D: 0.00%
• 1M: -5.81%
• YTD: 3.53%
• 6M: 7.89%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ENCC.TO

• 1D: -1.79%
• 1M: 7.40%
• YTD: 21.92%
• 6M: 23.18%
• 1Y: 30.35%
• 3Y*: 21.01%
• 5Y*: 27.08%
• 10Y*: 9.18%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CDAY.NEO vs. ENCC.TO - Expense Ratio Comparison

CDAY.NEO has a 0.85% expense ratio, which is higher than ENCC.TO's 0.76% expense ratio.

CDAY.NEO

Hamilton Enhanced Canadian Equity DayMAX ETF

ENCC.TO

Global X Canadian Oil and Gas Equity Covered Call ETF

Return for Risk

CDAY.NEO vs. ENCC.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ENCC.TO

ENCC.TO Risk / Return Rank: 82
ENCC.TO Sharpe Ratio Rank: 87
ENCC.TO Sortino Ratio Rank: 84
ENCC.TO Omega Ratio Rank: 90
ENCC.TO Calmar Ratio Rank: 75
ENCC.TO Martin Ratio Rank: 75

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CDAY.NEO vs. ENCC.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hamilton Enhanced Canadian Equity DayMAX ETF (CDAY.NEO) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	CDAY.NEO	ENCC.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.76	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.17	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.32	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.11	0.00	+2.11

Correlation

The correlation between CDAY.NEO and ENCC.TO is 0.20, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

CDAY.NEO vs. ENCC.TO - Dividend Comparison

CDAY.NEO's dividend yield for the trailing twelve months is around 11.51%, more than ENCC.TO's 10.46% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CDAY.NEO Hamilton Enhanced Canadian Equity DayMAX ETF	11.51%	7.87%	0.00%	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	10.46%	13.62%	14.58%	14.87%	12.55%	4.23%	5.10%	6.09%	8.35%	6.92%	4.77%	15.15%

Drawdowns

CDAY.NEO vs. ENCC.TO - Drawdown Comparison

The maximum CDAY.NEO drawdown since its inception was -9.61%, smaller than the maximum ENCC.TO drawdown of -89.91%. Use the drawdown chart below to compare losses from any high point for CDAY.NEO and ENCC.TO.

Drawdown Indicators

	CDAY.NEO	ENCC.TO	Difference
Max Drawdown Largest peak-to-trough decline	-9.61%	-89.91%	+80.30%
Max Drawdown (1Y) Largest decline over 1 year	—	-16.61%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.57%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-82.16%	—
Current Drawdown Current decline from peak	-7.44%	-1.87%	-5.57%
Average Drawdown Average peak-to-trough decline	-1.19%	-40.25%	+39.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.13%	—

Volatility

Volatility by Period

	CDAY.NEO	ENCC.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.50%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.78%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.26%	17.36%	-4.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.26%	23.28%	-10.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.26%	29.05%	-15.79%