EACC.NEO vs. ENCL.TO
EACC.NEO (Global X MSCI EAFE Covered Call ETF) and ENCL.TO (Global X Enhanced Canadian Oil and Gas Equity Covered Call ETF CAD) are both exchange-traded funds - EACC.NEO is a Derivative Income fund tracking the MSCI EAFE Index, while ENCL.TO is a Oil & Gas fund actively managed by Global X. EACC.NEO is passively managed, while ENCL.TO is actively managed. Over the past year, EACC.NEO returned 20.09% vs 55.71% for ENCL.TO. At a 0.15 correlation, their price movements are largely independent. EACC.NEO charges 0.49%/yr vs 1.86%/yr for ENCL.TO.
Performance
EACC.NEO vs. ENCL.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EACC.NEO achieves a 8.26% return, which is significantly lower than ENCL.TO's 37.98% return.
EACC.NEO
- 1D
- 0.66%
- 1M
- 4.81%
- YTD
- 8.26%
- 6M
- 8.64%
- 1Y
- 20.09%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ENCL.TO
- 1D
- 1.03%
- 1M
- 3.49%
- YTD
- 37.98%
- 6M
- 33.14%
- 1Y
- 55.71%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EACC.NEO vs. ENCL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EACC.NEO Global X MSCI EAFE Covered Call ETF | 8.26% | 18.86% | 0.72% |
ENCL.TO Global X Enhanced Canadian Oil and Gas Equity Covered Call ETF CAD | 37.98% | 14.97% | -0.05% |
Correlation
The correlation between EACC.NEO and ENCL.TO is -0.06, 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 | -0.06 |
Correlation (All Time) Calculated using the full available price history since May 22, 2024 | 0.15 |
The correlation between EACC.NEO and ENCL.TO shifts across timeframes, from -0.06 (1 year) to 0.15 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EACC.NEO vs. ENCL.TO — Risk / Return Rank
EACC.NEO
ENCL.TO
EACC.NEO vs. ENCL.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X MSCI EAFE Covered Call ETF (EACC.NEO) 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.
| EACC.NEO | ENCL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.82 | ||
| Sortino ratioReturn per unit of downside risk | -2.03 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.54 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.79 | 5.21 | -3.42 |
| Martin ratioReturn relative to average drawdown | 6.14 | 18.64 | -12.50 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| EACC.NEO | ENCL.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.35 | 3.17 | -1.82 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.91 | 1.30 | -0.39 |
Drawdowns
EACC.NEO vs. ENCL.TO - Drawdown Comparison
The maximum EACC.NEO drawdown since its inception was -13.35%, smaller than the maximum ENCL.TO drawdown of -21.05%. Use the drawdown chart below to compare losses from any high point for EACC.NEO and ENCL.TO.
Loading charts...
Drawdown Indicators
| EACC.NEO | ENCL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.35% | -21.05% | +7.70% |
Max Drawdown (1Y)Largest decline over 1 year | -11.30% | -10.75% | -0.55% |
Current DrawdownCurrent decline from peak | -0.08% | -1.54% | +1.46% |
Average DrawdownAverage peak-to-trough decline | -2.09% | -3.94% | +1.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.28% | 3.00% | +0.28% |
Volatility
EACC.NEO vs. ENCL.TO - Volatility Comparison
The current volatility for Global X MSCI EAFE Covered Call ETF (EACC.NEO) is 4.26%, while Global X Enhanced Canadian Oil and Gas Equity Covered Call ETF CAD (ENCL.TO) has a volatility of 7.34%. This indicates that EACC.NEO 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.
Loading charts...
Volatility by Period
| EACC.NEO | ENCL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.26% | 7.34% | -3.08% |
Volatility (6M)Calculated over the trailing 6-month period | 12.79% | 15.68% | -2.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.97% | 17.73% | -2.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.05% | 20.15% | -5.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.05% | 20.15% | -5.10% |
EACC.NEO vs. ENCL.TO - Expense Ratio Comparison
EACC.NEO has a 0.49% expense ratio, which is lower than ENCL.TO's 1.86% expense ratio.
Dividends
EACC.NEO vs. ENCL.TO - Dividend Comparison
EACC.NEO's dividend yield for the trailing twelve months is around 7.43%, less than ENCL.TO's 13.22% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
EACC.NEO Global X MSCI EAFE Covered Call ETF | 7.43% | 7.55% | 5.12% | 0.00% |
ENCL.TO Global X Enhanced Canadian Oil and Gas Equity Covered Call ETF CAD | 13.22% | 17.14% | 18.56% | 4.68% |
Frequently Asked Questions
EACC.NEO and ENCL.TO have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EACC.NEO is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EACC.NEO is cheaper with a 0.49% expense ratio, compared with 1.86% for ENCL.TO.
EACC.NEO is categorized as Derivative Income, while ENCL.TO is Oil & Gas. Their fees differ too: 0.49% for EACC.NEO and 1.86% for ENCL.TO.
Find the right allocation for EACC.NEO and ENCL.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer