CNCC.TO vs. ECHI.TO
CNCC.TO (Global X Canadian S&P/TSX 60 Covered Call ETF) and ECHI.TO (Ninepoint Enhanced Canadian HighShares ETF) are both Derivative Income funds. Both are actively managed. A 0.79 correlation means they provide meaningful diversification when combined. CNCC.TO charges 0.62%/yr vs 0.29%/yr for ECHI.TO.
Performance
CNCC.TO vs. ECHI.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CNCC.TO achieves a 11.10% return, which is significantly lower than ECHI.TO's 15.15% return.
CNCC.TO
- 1D
- 0.55%
- 1M
- 1.96%
- 6M
- 9.11%
- YTD
- 11.10%
- 1Y
- 23.65%
- 3Y*
- 15.72%
- 5Y*
- 9.88%
- 10Y*
- 6.42%
- ALL TIME*
- 2.89%
ECHI.TO
- 1D
- 0.16%
- 1M
- 0.88%
- 6M
- 8.57%
- YTD
- 15.15%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$100.99K | CA$88.04K | CA$159.00K | |
| CA$957.77K | CA$937.00K | CA$976.97K |
CNCC.TO vs. ECHI.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CNCC.TO Global X Canadian S&P/TSX 60 Covered Call ETF | 11.10% | 9.54% |
ECHI.TO Ninepoint Enhanced Canadian HighShares ETF | 15.15% | 20.01% |
Correlation
The correlation between CNCC.TO and ECHI.TO is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 22, 2025 | 0.79 |
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Return for Risk
CNCC.TO vs. ECHI.TO — Risk / Return Rank
CNCC.TO
ECHI.TO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CNCC.TO vs. ECHI.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Canadian S&P/TSX 60 Covered Call ETF (CNCC.TO) and Ninepoint Enhanced Canadian HighShares ETF (ECHI.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.
| CNCC.TO | ECHI.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.48 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.84 | — | — |
| Martin ratioReturn relative to average drawdown | 18.93 | — | — |
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Drawdowns
CNCC.TO vs. ECHI.TO - Drawdown Comparison
The maximum CNCC.TO drawdown since its inception was -46.00%, which is greater than ECHI.TO's maximum drawdown of -6.84%. Use the drawdown chart below to compare losses from any high point for CNCC.TO and ECHI.TO.
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Drawdown Indicators
| CNCC.TO | ECHI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.00% | -6.84% | -39.16% |
Max Drawdown (1Y)Largest decline over 1 year | -6.19% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -11.11% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -17.92% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -39.61% | — | — |
Current DrawdownCurrent decline from peak | -0.14% | -2.33% | +2.19% |
Average DrawdownAverage peak-to-trough decline | -14.28% | -1.50% | -12.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.25% | — | — |
Volatility
CNCC.TO vs. ECHI.TO - Volatility Comparison
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Volatility by Period
| CNCC.TO | ECHI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.89% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 7.89% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 9.44% | 17.08% | -7.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.43% | 17.08% | -4.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.75% | 17.08% | -2.33% |
CNCC.TO vs. ECHI.TO - Expense Ratio Comparison
CNCC.TO has a 0.62% expense ratio, which is higher than ECHI.TO's 0.29% expense ratio.
Dividends
CNCC.TO vs. ECHI.TO - Dividend Comparison
CNCC.TO's dividend yield for the trailing twelve months is around 6.75%, less than ECHI.TO's 12.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CNCC.TO Global X Canadian S&P/TSX 60 Covered Call ETF | 6.75% | 7.57% | 9.68% | 10.07% | 5.76% | 2.64% | 2.77% | 2.67% | 3.02% | 2.76% | 2.62% | 4.28% |
ECHI.TO Ninepoint Enhanced Canadian HighShares ETF | 12.47% | 5.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CNCC.TO and ECHI.TO have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ECHI.TO is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ECHI.TO is cheaper with a 0.29% expense ratio, compared with 0.62% for CNCC.TO.
They also come from different issuers: Global X and Ninepoint. Their fees differ too: 0.62% for CNCC.TO and 0.29% for ECHI.TO.
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