CIF.TO vs. ENCL.TO
CIF.TO (iShares Global Infrastructure Index ETF) and ENCL.TO (Global X Enhanced Canadian Oil and Gas Equity Covered Call ETF CAD) are both Energy Equities funds. CIF.TO is passively managed, while ENCL.TO is actively managed. Over the past year, CIF.TO returned 37.55% vs 43.18% for ENCL.TO. At a 0.36 correlation, their price movements are largely independent. CIF.TO charges 0.72%/yr vs 1.86%/yr for ENCL.TO.
Performance
CIF.TO vs. ENCL.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CIF.TO achieves a 28.46% return, which is significantly lower than ENCL.TO's 30.80% return.
CIF.TO
- 1D
- -0.38%
- 1M
- 4.41%
- YTD
- 28.46%
- 6M
- 21.72%
- 1Y
- 37.55%
- 3Y*
- 27.25%
- 5Y*
- 19.05%
- 10Y*
- 13.60%
ENCL.TO
- 1D
- 1.40%
- 1M
- -5.96%
- YTD
- 30.80%
- 6M
- 32.16%
- 1Y
- 43.18%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CIF.TO vs. ENCL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CIF.TO iShares Global Infrastructure Index ETF | 28.46% | 14.57% | 25.83% | 8.77% |
ENCL.TO Global X Enhanced Canadian Oil and Gas Equity Covered Call ETF CAD | 30.80% | 14.97% | 20.32% | -11.68% |
Correlation
The correlation between CIF.TO and ENCL.TO is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Oct 11, 2023 | 0.36 |
The correlation between CIF.TO and ENCL.TO shifts across timeframes, from 0.16 (1 year) to 0.36 (all time), reflecting how their relationship changes across market environments.
CIF.TO vs. ENCL.TO - Sectors Allocation Comparison
Sectors
CIF.TO
ENCL.TO
Utilities
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Industrials
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Energy
Technology
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Consumer Cyclical
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Basic Materials
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Communication Services
-
-
Consumer Defensive
-
-
Financial Services
-
-
Healthcare
-
-
Real Estate
-
-
Utilities
CIF.TO
ENCL.TO
-
Industrials
CIF.TO
ENCL.TO
-
Energy
CIF.TO
ENCL.TO
Technology
CIF.TO
ENCL.TO
-
Consumer Cyclical
CIF.TO
ENCL.TO
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Basic Materials
CIF.TO
-
ENCL.TO
-
Communication Services
CIF.TO
-
ENCL.TO
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Consumer Defensive
CIF.TO
-
ENCL.TO
-
Financial Services
CIF.TO
-
ENCL.TO
-
Healthcare
CIF.TO
-
ENCL.TO
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Real Estate
CIF.TO
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ENCL.TO
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Return for Risk
CIF.TO vs. ENCL.TO — Risk / Return Rank
CIF.TO
ENCL.TO
CIF.TO vs. ENCL.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Infrastructure Index ETF (CIF.TO) and Global X Enhanced Canadian Oil and Gas Equity Covered Call ETF CAD (ENCL.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.
| CIF.TO | ENCL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.41 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.97 | 4.03 | -0.06 |
| Martin ratioReturn relative to average drawdown | 14.20 | 13.52 | +0.68 |
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Drawdowns
CIF.TO vs. ENCL.TO - Drawdown Comparison
The maximum CIF.TO drawdown since its inception was -45.41%, which is greater than ENCL.TO's maximum drawdown of -21.05%. Use the drawdown chart below to compare losses from any high point for CIF.TO and ENCL.TO.
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Drawdown Indicators
| CIF.TO | ENCL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.41% | -21.05% | -24.36% |
Max Drawdown (1Y)Largest decline over 1 year | -9.49% | -10.75% | +1.26% |
Max Drawdown (3Y)Largest decline over 3 years | -20.33% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -20.33% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -45.41% | — | — |
Current DrawdownCurrent decline from peak | -0.38% | -6.66% | +6.28% |
Average DrawdownAverage peak-to-trough decline | -9.74% | -4.81% | -4.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.65% | 3.21% | -0.56% |
Volatility
CIF.TO vs. ENCL.TO - Volatility Comparison
The current volatility for iShares Global Infrastructure Index ETF (CIF.TO) is 4.77%, while Global X Enhanced Canadian Oil and Gas Equity Covered Call ETF CAD (ENCL.TO) has a volatility of 6.80%. This indicates that CIF.TO experiences smaller price fluctuations and is considered to be less risky than ENCL.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CIF.TO | ENCL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.77% | 6.80% | -2.03% |
Volatility (6M)Calculated over the trailing 6-month period | 12.80% | 15.64% | -2.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.62% | 18.36% | -2.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.16% | 20.89% | -5.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.98% | 20.89% | +5.09% |
CIF.TO vs. ENCL.TO - Expense Ratio Comparison
CIF.TO has a 0.72% expense ratio, which is lower than ENCL.TO's 1.86% expense ratio.
Dividends
CIF.TO vs. ENCL.TO - Dividend Comparison
CIF.TO's dividend yield for the trailing twelve months is around 1.77%, less than ENCL.TO's 13.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CIF.TO iShares Global Infrastructure Index ETF | 1.77% | 2.14% | 3.13% | 2.63% | 2.83% | 2.55% | 2.37% | 2.11% | 2.82% | 2.64% | 2.09% | 2.81% |
ENCL.TO Global X Enhanced Canadian Oil and Gas Equity Covered Call ETF CAD | 13.94% | 17.14% | 18.56% | 4.68% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CIF.TO and ENCL.TO have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CIF.TO is cheaper at 0.72% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CIF.TO is cheaper with a 0.72% expense ratio, compared with 1.86% for ENCL.TO.
They also come from different issuers: iShares and Global X. Their fees differ too: 0.72% for CIF.TO and 1.86% for ENCL.TO.
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