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CHPS.TO vs. ENCC.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CHPS.TO vs. ENCC.TO

Last updated Jun 4, 2026

CHPS.TO (Global X Artificial Intelligence Semiconductor Index ETF) and ENCC.TO (Global X Canadian Oil and Gas Equity Covered Call ETF) are both exchange-traded funds - CHPS.TO is a Semiconductors fund tracking the PHLX US AI Semiconductor Index, while ENCC.TO is a Derivative Income fund actively managed by Global X. CHPS.TO is passively managed, while ENCC.TO is actively managed. Over the past 3 years, CHPS.TO returned 51.56%/yr vs 22.89%/yr for ENCC.TO. At a 0.21 correlation, their price movements are largely independent. CHPS.TO charges 0.63%/yr vs 0.76%/yr for ENCC.TO.

Performance

CHPS.TO vs. ENCC.TO - Performance Comparison

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

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Returns By Period

In the year-to-date period, CHPS.TO achieves a 66.03% return, which is significantly higher than ENCC.TO's 29.01% return.

CHPS.TO

1D
0.93%
1M
28.67%
YTD
66.03%
6M
59.28%
1Y
134.35%
3Y*
51.56%
5Y*
—
10Y*
—

ENCC.TO

1D
0.93%
1M
2.37%
YTD
29.01%
6M
25.71%
1Y
41.57%
3Y*
22.89%
5Y*
25.31%
10Y*
8.49%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CHPS.TO vs. ENCC.TO - Yearly Performance Comparison

2026 (YTD)20252024202320222021
CHPS.TO
Global X Artificial Intelligence Semiconductor Index ETF		66.03%45.93%20.38%68.20%-37.86%22.69%
ENCC.TO
Global X Canadian Oil and Gas Equity Covered Call ETF		29.01%13.13%17.39%5.72%41.33%17.68%

Correlation

The correlation between CHPS.TO and ENCC.TO is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.07

Correlation (3Y)
Calculated over the trailing 3-year period

0.12

Correlation (All Time)
Calculated using the full available price history since Jun 23, 2021

0.21

The correlation between CHPS.TO and ENCC.TO shifts across timeframes, from -0.07 (1 year) to 0.21 (all time), reflecting how their relationship changes across market environments.

CHPS.TO vs. ENCC.TO - Sectors Allocation Comparison

Sectors
CHPS.TO
ENCC.TO

Technology

100.0%

-

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

100.0%

Financial Services

-

-

Healthcare

-

-

Industrials

-

-

Real Estate

-

-

Utilities

-

-

Technology

CHPS.TO
100.0%
ENCC.TO

-

Basic Materials

CHPS.TO

-

ENCC.TO

-

Communication Services

CHPS.TO

-

ENCC.TO

-

Consumer Cyclical

CHPS.TO

-

ENCC.TO

-

Consumer Defensive

CHPS.TO

-

ENCC.TO

-

Energy

CHPS.TO

-

ENCC.TO
100.0%

Financial Services

CHPS.TO

-

ENCC.TO

-

Healthcare

CHPS.TO

-

ENCC.TO

-

Industrials

CHPS.TO

-

ENCC.TO

-

Real Estate

CHPS.TO

-

ENCC.TO

-

Utilities

CHPS.TO

-

ENCC.TO

-

Compare stocks, funds, or ETFs

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Global X Artificial Intelligence Semiconductor Index ETF

Global X Canadian Oil and Gas Equity Covered Call ETF

Often compared with CHPS.TO:
CHPS.TO vs. SMHCHPS.TO vs. CHPS-U.TOCHPS.TO vs. CHPSCHPS.TO vs. XEQT.TOCHPS.TO vs. XCHP.TOCHPS.TO vs. CIAI.TOCHPS.TO vs. XQQ.TO
Often compared with ENCC.TO:
ENCC.TO vs. ENCL.TOENCC.TO vs. EMAX.TOENCC.TO vs. ZEOENCC.TO vs. HMAX.TOENCC.TO vs. XEQT.TOENCC.TO vs. XDIV.TOENCC.TO vs. OILY.TO

Return for Risk

CHPS.TO vs. ENCC.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CHPS.TO
CHPS.TO Risk / Return Rank: 9494
Overall Rank
CHPS.TO Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
CHPS.TO Sortino Ratio Rank: 9292
Sortino Ratio Rank
CHPS.TO Omega Ratio Rank: 9292
Omega Ratio Rank
CHPS.TO Calmar Ratio Rank: 9696
Calmar Ratio Rank
CHPS.TO Martin Ratio Rank: 9595
Martin Ratio Rank
ENCC.TO
ENCC.TO Risk / Return Rank: 8585
Overall Rank
ENCC.TO Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
ENCC.TO Sortino Ratio Rank: 8484
Sortino Ratio Rank
ENCC.TO Omega Ratio Rank: 8585
Omega Ratio Rank
ENCC.TO Calmar Ratio Rank: 8686
Calmar Ratio Rank
ENCC.TO Martin Ratio Rank: 8484
Martin Ratio Rank
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.

CHPS.TO vs. ENCC.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Artificial Intelligence Semiconductor Index ETF (CHPS.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.

CHPS.TOENCC.TODifference

Sharpe ratio

Return per unit of total volatility

4.30

2.98

+1.32

Sortino ratio

Return per unit of downside risk

4.53

3.81

+0.71

Omega ratio

Gain probability vs. loss probability

1.63

1.53

+0.10

Calmar ratio

Return relative to maximum drawdown

10.12

4.93

+5.20

Martin ratio

Return relative to average drawdown

30.54

17.54

+13.01

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CHPS.TO vs. ENCC.TO - Sharpe Ratio Comparison

The current CHPS.TO Sharpe Ratio is 4.30, which is higher than the ENCC.TO Sharpe Ratio of 2.98. The chart below compares the historical Sharpe Ratios of CHPS.TO and ENCC.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

CHPS.TOENCC.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

4.30

2.98

+1.32

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

1.11

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.29

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.91

0.00

+0.91

Drawdowns

CHPS.TO vs. ENCC.TO - Drawdown Comparison

The maximum CHPS.TO drawdown since its inception was -48.16%, smaller than the maximum ENCC.TO drawdown of -89.91%. Use the drawdown chart below to compare losses from any high point for CHPS.TO and ENCC.TO.

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Drawdown Indicators

CHPS.TOENCC.TODifference

Max Drawdown

Largest peak-to-trough decline

-48.16%

-89.91%

+41.75%

Max Drawdown (1Y)

Largest decline over 1 year

-13.35%

-8.48%

-4.87%

Max Drawdown (3Y)

Largest decline over 3 years

-37.49%

-16.67%

-20.82%

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

0.00%

-1.99%

+1.99%

Average Drawdown

Average peak-to-trough decline

-13.90%

-39.82%

+25.92%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.42%

2.38%

+2.04%

Volatility

CHPS.TO vs. ENCC.TO - Volatility Comparison

Global X Artificial Intelligence Semiconductor Index ETF (CHPS.TO) has a higher volatility of 11.35% compared to Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC.TO) at 5.66%. This indicates that CHPS.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

CHPS.TOENCC.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

11.35%

5.66%

+5.69%

Volatility (6M)

Calculated over the trailing 6-month period

24.81%

12.36%

+12.45%

Volatility (1Y)

Calculated over the trailing 1-year period

31.48%

14.08%

+17.40%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

33.79%

23.03%

+10.76%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

33.79%

29.05%

+4.74%

CHPS.TO vs. ENCC.TO - Expense Ratio Comparison

CHPS.TO has a 0.63% expense ratio, which is lower than ENCC.TO's 0.76% expense ratio.

Dividends

CHPS.TO vs. ENCC.TO - Dividend Comparison

CHPS.TO's dividend yield for the trailing twelve months is around 0.01%, less than ENCC.TO's 11.09% yield.

PositionTTM20252024202320222021202020192018201720162015
CHPS.TO
Global X Artificial Intelligence Semiconductor Index ETF		0.01%0.01%0.20%0.53%0.97%0.01%0.00%0.00%0.00%0.00%0.00%0.00%
ENCC.TO
Global X Canadian Oil and Gas Equity Covered Call ETF		11.09%13.62%14.58%14.87%12.55%4.23%5.10%6.09%8.35%6.92%4.77%15.15%

Frequently Asked Questions

CHPS.TO and ENCC.TO have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, CHPS.TO is cheaper at 0.63% per year. The better choice depends on whether you care most about return, fees, risk, or income.

CHPS.TO is cheaper with a 0.63% expense ratio, compared with 0.76% for ENCC.TO.

CHPS.TO is categorized as Semiconductors, while ENCC.TO is Derivative Income. Their fees differ too: 0.63% for CHPS.TO and 0.76% for ENCC.TO.

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