CNQE.TO vs. BKCC.TO

Last updated Apr 14, 2026

CNQE.TO (Harvest CNQ Enhanced High Income Shares ETF) and BKCC.TO (Global X Equal Weight Canadian Bank Covered Call ETF) are both Derivative Income funds. Both are actively managed. At -0.08, they often move in opposite directions. CNQE.TO charges 0.40%/yr vs 0.84%/yr for BKCC.TO.

Performance

CNQE.TO vs. BKCC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Harvest CNQ Enhanced High Income Shares ETF (CNQE.TO) and Global X Equal Weight Canadian Bank Covered Call ETF (BKCC.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CNQE.TO achieves a 38.03% return, which is significantly higher than BKCC.TO's 7.95% return.

CNQE.TO

• 1D: 2.32%
• 1M: -2.57%
• YTD: 38.03%
• 6M: 46.45%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BKCC.TO

• 1D: 0.66%
• 1M: 7.62%
• YTD: 7.95%
• 6M: 18.70%
• 1Y: 49.18%
• 3Y*: 18.58%
• 5Y*: 10.76%
• 10Y*: 8.97%

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

CNQE.TO vs. BKCC.TO - Yearly Performance Comparison

	2026 (YTD)	2025
CNQE.TO Harvest CNQ Enhanced High Income Shares ETF	38.03%	13.80%
BKCC.TO Global X Equal Weight Canadian Bank Covered Call ETF	7.95%	16.14%

Correlation

The correlation between CNQE.TO and BKCC.TO is -0.08, 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 (All Time) Calculated using the full available price history since Aug 22, 2025	-0.08

Return for Risk

CNQE.TO vs. BKCC.TO — Risk / Return Rank

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

BKCC.TO

BKCC.TO Risk / Return Rank: 96
BKCC.TO Sharpe Ratio Rank: 98
BKCC.TO Sortino Ratio Rank: 98
BKCC.TO Omega Ratio Rank: 98
BKCC.TO Calmar Ratio Rank: 91
BKCC.TO Martin Ratio Rank: 95

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.

CNQE.TO vs. BKCC.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harvest CNQ Enhanced High Income Shares ETF (CNQE.TO) and Global X Equal Weight Canadian Bank Covered Call ETF (BKCC.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

	CNQE.TO	BKCC.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	5.13	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.81	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.53	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.39	-0.00	+3.39

Drawdowns

CNQE.TO vs. BKCC.TO - Drawdown Comparison

The maximum CNQE.TO drawdown since its inception was -12.39%, smaller than the maximum BKCC.TO drawdown of -100.33%. Use the drawdown chart below to compare losses from any high point for CNQE.TO and BKCC.TO.

Drawdown Indicators

	CNQE.TO	BKCC.TO	Difference
Max Drawdown Largest peak-to-trough decline	-12.39%	-100.33%	+87.94%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.30%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-26.02%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-41.18%	—
Current Drawdown Current decline from peak	-6.97%	-100.00%	+93.03%
Average Drawdown Average peak-to-trough decline	-2.63%	-99.92%	+97.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.54%	—

Volatility

Volatility by Period

	CNQE.TO	BKCC.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.42%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.62%	—
Volatility (1Y) Calculated over the trailing 1-year period	31.20%	9.70%	+21.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.20%	13.42%	+17.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.20%	16.98%	+14.22%

CNQE.TO vs. BKCC.TO - Expense Ratio Comparison

CNQE.TO has a 0.40% expense ratio, which is lower than BKCC.TO's 0.84% expense ratio.

Dividends

CNQE.TO vs. BKCC.TO - Dividend Comparison

CNQE.TO's dividend yield for the trailing twelve months is around 6.52%, less than BKCC.TO's 9.92% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CNQE.TO Harvest CNQ Enhanced High Income Shares ETF	6.52%	4.42%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
BKCC.TO Global X Equal Weight Canadian Bank Covered Call ETF	9.92%	10.43%	12.30%	10.93%	8.23%	5.52%	5.92%	5.44%	6.24%	5.76%	5.79%	7.35%