EMCL.NEO vs. INTY.TO

Last updated Jun 4, 2026

EMCL.NEO (Global X Enhanced MSCI Emerging Markets Covered Call ETF) and INTY.TO (Evolve International Equity UltraYield ETF) are both Derivative Income funds. EMCL.NEO is actively managed, while INTY.TO is passively managed. A 0.61 correlation means they provide meaningful diversification when combined.

Performance

EMCL.NEO vs. INTY.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X Enhanced MSCI Emerging Markets Covered Call ETF (EMCL.NEO) and Evolve International Equity UltraYield ETF (INTY.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

EMCL.NEO

• 1D: -0.68%
• 1M: 11.93%
• YTD: 27.22%
• 6M: 27.94%
• 1Y: 56.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —

INTY.TO

• 1D: -0.95%
• 1M: 5.72%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EMCL.NEO vs. INTY.TO - Yearly Performance Comparison

	2026 (YTD)
EMCL.NEO Global X Enhanced MSCI Emerging Markets Covered Call ETF	20.36%
INTY.TO Evolve International Equity UltraYield ETF	-3.52%

Correlation

The correlation between EMCL.NEO and INTY.TO is 0.61, 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 Jan 16, 2026	0.61

Return for Risk

EMCL.NEO vs. INTY.TO — Risk / Return Rank

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

EMCL.NEO

EMCL.NEO Risk / Return Rank: 86
EMCL.NEO Sharpe Ratio Rank: 90
EMCL.NEO Sortino Ratio Rank: 84
EMCL.NEO Omega Ratio Rank: 93
EMCL.NEO Calmar Ratio Rank: 82
EMCL.NEO Martin Ratio Rank: 81

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.

EMCL.NEO vs. INTY.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Enhanced MSCI Emerging Markets Covered Call ETF (EMCL.NEO) and Evolve International Equity UltraYield ETF (INTY.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.

	EMCL.NEO	INTY.TO	Difference
Sharpe ratio: Return per unit of total volatility	3.04	—	—
Sortino ratio: Return per unit of downside risk	3.77	—	—
Omega ratio: Gain probability vs. loss probability	1.65	—	—
Calmar ratio: Return relative to maximum drawdown	4.29	—	—
Martin ratio: Return relative to average drawdown	15.90	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	EMCL.NEO	INTY.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.04	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.57	-0.37	+1.93

Drawdowns

EMCL.NEO vs. INTY.TO - Drawdown Comparison

The maximum EMCL.NEO drawdown since its inception was -19.19%, which is greater than INTY.TO's maximum drawdown of -11.06%. Use the drawdown chart below to compare losses from any high point for EMCL.NEO and INTY.TO.

Drawdown Indicators

	EMCL.NEO	INTY.TO	Difference
Max Drawdown Largest peak-to-trough decline	-19.19%	-11.06%	-8.13%
Max Drawdown (1Y) Largest decline over 1 year	-13.12%	—	—
Current Drawdown Current decline from peak	-0.68%	-5.97%	+5.29%
Average Drawdown Average peak-to-trough decline	-2.47%	-6.00%	+3.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.53%	—	—

Volatility

Volatility by Period

	EMCL.NEO	INTY.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.86%	—	—
Volatility (6M) Calculated over the trailing 6-month period	16.41%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.54%	24.63%	-6.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.00%	24.63%	-5.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.00%	24.63%	-5.63%

Dividends

EMCL.NEO vs. INTY.TO - Dividend Comparison

EMCL.NEO's dividend yield for the trailing twelve months is around 10.17%, less than INTY.TO's 10.71% yield.

Position	TTM	2025	2024
EMCL.NEO Global X Enhanced MSCI Emerging Markets Covered Call ETF	10.17%	11.76%	7.24%
INTY.TO Evolve International Equity UltraYield ETF	10.71%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EMCL.NEO and INTY.TO in my portfolio?

EMCL.NEO and INTY.TO have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between EMCL.NEO and INTY.TO?

They also come from different issuers: Global X and Evolve.