ENCC.TO vs. 3199.HK
ENCC.TO (Global X Canadian Oil and Gas Equity Covered Call ETF) and 3199.HK (ICBC CSOP FTSE Chinese Government and Policy Bank Bond Index ETF) are both exchange-traded funds - ENCC.TO is a Derivative Income fund actively managed by Global X, while 3199.HK is a Emerging Markets Bonds fund tracking the FTSE Chinese Government and Policy Bank Bond. ENCC.TO is actively managed, while 3199.HK is passively managed. Over the past 10 years, ENCC.TO returned 8.51%/yr vs 3.55%/yr for 3199.HK. At a 0.04 correlation, their price movements are largely independent. ENCC.TO charges 0.76%/yr vs 0.62%/yr for 3199.HK.
Performance
ENCC.TO vs. 3199.HK - Performance Comparison
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Different Trading Currencies
ENCC.TO is traded in CAD, while 3199.HK is traded in HKD. To make them comparable, the 3199.HK values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ENCC.TO achieves a 28.21% return, which is significantly higher than 3199.HK's 6.81% return. Over the past 10 years, ENCC.TO has outperformed 3199.HK with an annualized return of 8.51%, while 3199.HK has yielded a comparatively lower 3.55% annualized return.
ENCC.TO
- 1D
- 0.62%
- 1M
- 4.43%
- YTD
- 28.21%
- 6M
- 25.62%
- 1Y
- 40.97%
- 3Y*
- 22.25%
- 5Y*
- 25.12%
- 10Y*
- 8.51%
3199.HK
- 1D
- 0.20%
- 1M
- 2.61%
- YTD
- 6.81%
- 6M
- 6.68%
- 1Y
- 9.67%
- 3Y*
- 6.85%
- 5Y*
- 5.54%
- 10Y*
- 3.55%
ENCC.TO vs. 3199.HK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ENCC.TO Global X Canadian Oil and Gas Equity Covered Call ETF | 28.21% | 13.13% | 17.39% | 5.72% | 41.32% | 80.54% | -27.98% | 6.56% | -30.99% | -18.47% |
3199.HK ICBC CSOP FTSE Chinese Government and Policy Bank Bond Index ETF | 6.81% | 0.11% | 13.00% | -0.12% | -0.75% | 6.99% | 8.50% | -3.03% | 8.80% | -1.74% |
Correlation
The correlation between ENCC.TO and 3199.HK is -0.05, 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 | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2014 | 0.04 |
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Return for Risk
ENCC.TO vs. 3199.HK — Risk / Return Rank
ENCC.TO
3199.HK
ENCC.TO vs. 3199.HK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC.TO) and ICBC CSOP FTSE Chinese Government and Policy Bank Bond Index ETF (3199.HK). 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.
| ENCC.TO | 3199.HK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.28 | ||
| Sortino ratioReturn per unit of downside risk | +1.41 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.29 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 4.86 | 3.68 | +1.18 |
| Martin ratioReturn relative to average drawdown | 17.17 | 11.72 | +5.45 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ENCC.TO | 3199.HK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.91 | 1.62 | +1.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.09 | 0.86 | +0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | 0.53 | -0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.07 | 0.66 | -0.73 |
Drawdowns
ENCC.TO vs. 3199.HK - Drawdown Comparison
The maximum ENCC.TO drawdown since its inception was -93.29%, which is greater than 3199.HK's maximum drawdown of -16.35%. Use the drawdown chart below to compare losses from any high point for ENCC.TO and 3199.HK.
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Drawdown Indicators
| ENCC.TO | 3199.HK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.29% | -16.35% | -76.94% |
Max Drawdown (1Y)Largest decline over 1 year | -8.48% | -2.81% | -5.67% |
Max Drawdown (3Y)Largest decline over 3 years | -16.67% | -5.76% | -10.91% |
Max Drawdown (5Y)Largest decline over 5 years | -25.58% | -8.19% | -17.39% |
Max Drawdown (10Y)Largest decline over 10 years | -82.15% | -10.05% | -72.10% |
Current DrawdownCurrent decline from peak | -26.19% | 0.00% | -26.19% |
Average DrawdownAverage peak-to-trough decline | -56.08% | -4.75% | -51.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.39% | 1.01% | +1.38% |
Volatility
ENCC.TO vs. 3199.HK - Volatility Comparison
Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC.TO) has a higher volatility of 5.46% compared to ICBC CSOP FTSE Chinese Government and Policy Bank Bond Index ETF (3199.HK) at 1.51%. This indicates that ENCC.TO's price experiences larger fluctuations and is considered to be riskier than 3199.HK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ENCC.TO | 3199.HK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.46% | 1.51% | +3.95% |
Volatility (6M)Calculated over the trailing 6-month period | 12.47% | 4.94% | +7.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.20% | 6.38% | +7.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.09% | 7.38% | +15.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.06% | 7.82% | +21.24% |
ENCC.TO vs. 3199.HK - Expense Ratio Comparison
ENCC.TO has a 0.76% expense ratio, which is higher than 3199.HK's 0.62% expense ratio.
Dividends
ENCC.TO vs. 3199.HK - Dividend Comparison
ENCC.TO's dividend yield for the trailing twelve months is around 11.16%, more than 3199.HK's 3.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
3199.HK ICBC CSOP FTSE Chinese Government and Policy Bank Bond Index ETF | 3.31% | 3.34% | 3.43% | 3.51% | 3.65% | 3.40% | 3.29% | 3.57% | 3.62% | 3.39% | 3.56% | 3.69% |
ENCC.TO Global X Canadian Oil and Gas Equity Covered Call ETF | 11.16% | 13.62% | 14.58% | 14.87% | 12.55% | 4.23% | 5.10% | 6.11% | 8.37% | 6.93% | 4.34% | 3.03% |
Frequently Asked Questions
ENCC.TO and 3199.HK have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 3199.HK is cheaper at 0.62% per year. The better choice depends on whether you care most about return, fees, risk, or income.
3199.HK is cheaper with a 0.62% expense ratio, compared with 0.76% for ENCC.TO.
ENCC.TO is categorized as Derivative Income, while 3199.HK is Emerging Markets Bonds. They also come from different issuers: Global X and CSOP. Their fees differ too: 0.76% for ENCC.TO and 0.62% for 3199.HK.
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