ENCC.TO vs. BKCC.TO

Last updated Apr 2, 2026

Compare and contrast key facts about Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC.TO) and Global X Equal Weight Canadian Bank Covered Call ETF (BKCC.TO).

ENCC.TO and BKCC.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. BKCC.TO is an actively managed fund by Global X. It was launched on May 16, 2011.

Performance

ENCC.TO vs. BKCC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC.TO) and Global X Equal Weight Canadian Bank Covered Call ETF (BKCC.TO). The values are adjusted to include any dividend payments, if applicable.

ENCC.TO vs. BKCC.TO - 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	19.85%	13.13%	17.39%	5.72%	41.33%	80.55%	-27.98%	6.54%	-31.00%	-18.47%
BKCC.TO Global X Equal Weight Canadian Bank Covered Call ETF	2.87%	28.05%	17.14%	5.41%	-14.52%	28.26%	-2.82%	19.86%	-14.78%	11.07%

Returns By Period

In the year-to-date period, ENCC.TO achieves a 19.85% return, which is significantly higher than BKCC.TO's 2.87% return. Both investments have delivered pretty close results over the past 10 years, with ENCC.TO having a 8.99% annualized return and BKCC.TO not far behind at 8.73%.

ENCC.TO

• 1D: -2.61%
• 1M: 4.16%
• YTD: 19.85%
• 6M: 21.20%
• 1Y: 27.67%
• 3Y*: 20.32%
• 5Y*: 26.65%
• 10Y*: 8.99%

BKCC.TO

• 1D: 1.09%
• 1M: -2.31%
• YTD: 2.87%
• 6M: 12.32%
• 1Y: 36.06%
• 3Y*: 17.56%
• 5Y*: 10.00%
• 10Y*: 8.73%

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

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

ENCC.TO has a 0.76% expense ratio, which is lower than BKCC.TO's 0.84% expense ratio.

BKCC.TO

Global X Equal Weight Canadian Bank Covered Call ETF

ENCC.TO

Global X Canadian Oil and Gas Equity Covered Call ETF

Return for Risk

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

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

ENCC.TO

ENCC.TO Risk / Return Rank: 73
ENCC.TO Sharpe Ratio Rank: 81
ENCC.TO Sortino Ratio Rank: 75
ENCC.TO Omega Ratio Rank: 83
ENCC.TO Calmar Ratio Rank: 63
ENCC.TO Martin Ratio Rank: 64

BKCC.TO

BKCC.TO Risk / Return Rank: 97
BKCC.TO Sharpe Ratio Rank: 97
BKCC.TO Sortino Ratio Rank: 98
BKCC.TO Omega Ratio Rank: 98
BKCC.TO Calmar Ratio Rank: 96
BKCC.TO Martin Ratio Rank: 97

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.

ENCC.TO vs. BKCC.TO - 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 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.

	ENCC.TO	BKCC.TO	Difference
Sharpe ratio Return per unit of total volatility	1.59	3.10	-1.51
Sortino ratio Return per unit of downside risk	1.98	4.13	-2.15
Omega ratio Gain probability vs. loss probability	1.33	1.65	-0.31
Calmar ratio Return relative to maximum drawdown	1.69	4.70	-3.01
Martin ratio Return relative to average drawdown	6.80	19.57	-12.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current ENCC.TO Sharpe Ratio is 1.59, which is lower than the BKCC.TO Sharpe Ratio of 3.10. The chart below compares the historical Sharpe Ratios of ENCC.TO and BKCC.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ENCC.TO	BKCC.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.59	3.10	-1.51
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.15	0.75	+0.40
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.31	0.52	-0.21
Sharpe Ratio (All Time) Calculated using the full available price history	0.00	-0.00	0.00

Correlation

The correlation between ENCC.TO and BKCC.TO is 0.30, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

ENCC.TO vs. BKCC.TO - Dividend Comparison

ENCC.TO's dividend yield for the trailing twelve months is around 11.72%, more than BKCC.TO's 10.41% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ENCC.TO Global X Canadian Oil and Gas Equity Covered Call ETF	11.72%	13.62%	14.58%	14.87%	12.55%	4.23%	5.10%	6.09%	8.35%	6.92%	4.77%	15.15%
BKCC.TO Global X Equal Weight Canadian Bank Covered Call ETF	10.41%	10.43%	12.30%	10.93%	8.23%	5.52%	5.92%	5.44%	6.24%	5.76%	5.79%	7.35%

Drawdowns

ENCC.TO vs. BKCC.TO - Drawdown Comparison

The maximum ENCC.TO drawdown since its inception was -89.91%, smaller than the maximum BKCC.TO drawdown of -100.33%. Use the drawdown chart below to compare losses from any high point for ENCC.TO and BKCC.TO.

Drawdown Indicators

	ENCC.TO	BKCC.TO	Difference
Max Drawdown Largest peak-to-trough decline	-89.91%	-100.33%	+10.42%
Max Drawdown (1Y) Largest decline over 1 year	-16.61%	-7.71%	-8.90%
Max Drawdown (5Y) Largest decline over 5 years	-25.57%	-26.02%	+0.45%
Max Drawdown (10Y) Largest decline over 10 years	-82.16%	-41.18%	-40.98%
Current Drawdown Current decline from peak	-3.53%	-100.00%	+96.47%
Average Drawdown Average peak-to-trough decline	-40.24%	-99.92%	+59.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.13%	1.85%	+2.28%

Volatility

ENCC.TO vs. BKCC.TO - Volatility Comparison

The current volatility for Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC.TO) is 4.22%, while Global X Equal Weight Canadian Bank Covered Call ETF (BKCC.TO) has a volatility of 5.83%. This indicates that ENCC.TO experiences smaller price fluctuations and is considered to be less risky than BKCC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ENCC.TO	BKCC.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.22%	5.83%	-1.61%
Volatility (6M) Calculated over the trailing 6-month period	10.01%	8.52%	+1.49%
Volatility (1Y) Calculated over the trailing 1-year period	17.49%	11.70%	+5.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.26%	13.40%	+9.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.05%	16.98%	+12.07%