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

DIVS.TO vs. ENCC.TO

Last updated Apr 5, 2026

Compare and contrast key facts about Evolve Active Canadian Preferred Share Fund (DIVS.TO) and Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC.TO).

DIVS.TO 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. ENCC.TO is an actively managed fund by Global X. It was launched on Apr 11, 2011.

Performance

DIVS.TO vs. ENCC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Evolve Active Canadian Preferred Share Fund (DIVS.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, DIVS.TO achieves a 0.01% return, which is significantly lower than ENCC.TO's 22.00% return.

DIVS.TO

1D
0.17%
1M
-0.70%
YTD
0.01%
6M
4.09%
1Y
15.05%
3Y*
15.83%
5Y*
11.32%
10Y*
—

ENCC.TO

1D
1.79%
1M
6.03%
YTD
22.00%
6M
22.24%
1Y
44.55%
3Y*
19.92%
5Y*
27.10%
10Y*
9.41%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)20252024202320222021202020192018
DIVS.TO
Evolve Active Canadian Preferred Share Fund		0.01%14.93%24.96%12.11%-7.19%26.99%-1.19%-1.14%-12.33%
ENCC.TO
Global X Canadian Oil and Gas Equity Covered Call ETF		22.00%13.13%17.39%5.72%41.33%80.55%-27.98%6.54%-31.90%

Correlation

The correlation between DIVS.TO and ENCC.TO is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners. Combining low-correlation assets is one of the most reliable ways to reduce portfolio risk without sacrificing expected returns.

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

ENCC.TO
Global X Canadian Oil and Gas Equity Covered Call ETF

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Evolve Active Canadian Preferred Share Fund

Global X Canadian Oil and Gas Equity Covered Call ETF

Often compared with DIVS.TO:
DIVS.TO vs. SPYDIVS.TO vs. XEQT.TODIVS.TO vs. ZSP.TODIVS.TO vs. XLPDIVS.TO vs. CPD.TODIVS.TO vs. LBS.TODIVS.TO vs. VCN.TO
Often compared with ENCC.TO:
ENCC.TO vs. ENCL.TOENCC.TO vs. EMAX.TOENCC.TO vs. ZEOENCC.TO vs. HMAX.TOENCC.TO vs. XDIV.TOENCC.TO vs. XEQT.TOENCC.TO vs. HYLD.TO

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DIVS.TO
DIVS.TO Risk / Return Rank: 8181
Overall Rank
DIVS.TO Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
DIVS.TO Sortino Ratio Rank: 8484
Sortino Ratio Rank
DIVS.TO Omega Ratio Rank: 9393
Omega Ratio Rank
DIVS.TO Calmar Ratio Rank: 6262
Calmar Ratio Rank
DIVS.TO Martin Ratio Rank: 8181
Martin Ratio Rank
ENCC.TO
ENCC.TO Risk / Return Rank: 7171
Overall Rank
ENCC.TO Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
ENCC.TO Sortino Ratio Rank: 7777
Sortino Ratio Rank
ENCC.TO Omega Ratio Rank: 8484
Omega Ratio Rank
ENCC.TO Calmar Ratio Rank: 5757
Calmar Ratio Rank
ENCC.TO Martin Ratio Rank: 5858
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.

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

This table presents a comparison of risk-adjusted performance metrics for Evolve Active Canadian Preferred Share Fund (DIVS.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.

DIVS.TOENCC.TODifference

Sharpe ratio

Return per unit of total volatility

1.75

1.65

+0.09

Sortino ratio

Return per unit of downside risk

2.33

2.05

+0.28

Omega ratio

Gain probability vs. loss probability

1.44

1.35

+0.09

Calmar ratio

Return relative to maximum drawdown

1.97

1.80

+0.17

Martin ratio

Return relative to average drawdown

10.92

7.24

+3.68

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

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

The current DIVS.TO Sharpe Ratio is 1.75, which is comparable to the ENCC.TO Sharpe Ratio of 1.65. The chart below compares the historical Sharpe Ratios of DIVS.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

DIVS.TOENCC.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.75

1.65

+0.09

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.30

1.17

+0.13

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.33

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.45

0.00

+0.45

Drawdowns

DIVS.TO vs. ENCC.TO - Drawdown Comparison

The maximum DIVS.TO drawdown since its inception was -49.95%, smaller than the maximum ENCC.TO drawdown of -89.91%. Use the drawdown chart below to compare losses from any high point for DIVS.TO and ENCC.TO.

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Drawdown Indicators

DIVS.TOENCC.TODifference

Max Drawdown

Largest peak-to-trough decline

-49.95%

-89.91%

+39.96%

Max Drawdown (1Y)

Largest decline over 1 year

-4.47%

-6.69%

+2.22%

Max Drawdown (5Y)

Largest decline over 5 years

-16.73%

-25.57%

+8.84%

Max Drawdown (10Y)

Largest decline over 10 years

—

-82.16%

—

Current Drawdown

Current decline from peak

-1.42%

-1.80%

+0.38%

Average Drawdown

Average peak-to-trough decline

-7.77%

-40.23%

+32.46%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.17%

4.14%

-2.97%

Volatility

DIVS.TO vs. ENCC.TO - Volatility Comparison

The current volatility for Evolve Active Canadian Preferred Share Fund (DIVS.TO) is 2.50%, while Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC.TO) has a volatility of 4.51%. This indicates that DIVS.TO experiences smaller price fluctuations and is considered to be less risky 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

DIVS.TOENCC.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.50%

4.51%

-2.01%

Volatility (6M)

Calculated over the trailing 6-month period

4.22%

10.13%

-5.91%

Volatility (1Y)

Calculated over the trailing 1-year period

7.12%

17.57%

-10.45%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

8.74%

23.27%

-14.53%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.51%

29.05%

-15.54%

Dividends

DIVS.TO vs. ENCC.TO - Dividend Comparison

DIVS.TO's dividend yield for the trailing twelve months is around 5.45%, less than ENCC.TO's 11.51% yield.

TTM20252024202320222021202020192018201720162015
DIVS.TO
Evolve Active Canadian Preferred Share Fund		5.45%5.32%8.60%11.61%15.44%10.35%5.37%5.00%4.70%0.00%0.00%0.00%
ENCC.TO
Global X Canadian Oil and Gas Equity Covered Call ETF		11.51%13.62%14.58%14.87%12.55%4.23%5.10%6.09%8.35%6.92%4.77%15.15%