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

ENCC.TO vs. HMAX.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC.TO) and Hamilton Canadian Financials YIELD MAXIMIZER ETF (HMAX.TO).

ENCC.TO and HMAX.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. HMAX.TO is an actively managed fund by Hamilton Capital. It was launched on Jan 20, 2023.

Performance

ENCC.TO vs. HMAX.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 Hamilton Canadian Financials YIELD MAXIMIZER ETF (HMAX.TO). The values are adjusted to include any dividend payments, if applicable.

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

2026 (YTD)202520242023
ENCC.TO
Global X Canadian Oil and Gas Equity Covered Call ETF		21.92%13.13%17.39%3.02%
HMAX.TO
Hamilton Canadian Financials YIELD MAXIMIZER ETF		-3.41%27.20%20.65%0.77%

Returns By Period

In the year-to-date period, ENCC.TO achieves a 21.92% return, which is significantly higher than HMAX.TO's -3.41% return.

ENCC.TO

1D
-1.79%
1M
7.40%
YTD
21.92%
6M
23.18%
1Y
30.35%
3Y*
21.01%
5Y*
27.08%
10Y*
9.18%

HMAX.TO

1D
0.00%
1M
-4.99%
YTD
-3.41%
6M
5.24%
1Y
25.73%
3Y*
16.11%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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Global X Canadian Oil and Gas Equity Covered Call ETF

Hamilton Canadian Financials YIELD MAXIMIZER ETF

Often compared with ENCC.TO:
ENCC.TO vs. ENCL.TOENCC.TO vs. EMAX.TOENCC.TO vs. ZEOENCC.TO vs. XDIV.TOENCC.TO vs. XEQT.TOENCC.TO vs. ENS.TOENCC.TO vs. HYLD.TO
Often compared with HMAX.TO:
HMAX.TO vs. HDIV.TOHMAX.TO vs. BANK.TOHMAX.TO vs. HHIS.TOHMAX.TO vs. HYLDHMAX.TO vs. ZEB.TOHMAX.TO vs. HYLD.TOHMAX.TO vs. VDY.TO

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

ENCC.TO has a 0.76% expense ratio, which is higher than HMAX.TO's 0.65% expense ratio.

ENCC.TO
Global X Canadian Oil and Gas Equity Covered Call ETF
HMAX.TO
Hamilton Canadian Financials YIELD MAXIMIZER ETF

Return for Risk

ENCC.TO vs. HMAX.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: 8282
Overall Rank
ENCC.TO Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
ENCC.TO Sortino Ratio Rank: 8484
Sortino Ratio Rank
ENCC.TO Omega Ratio Rank: 9090
Omega Ratio Rank
ENCC.TO Calmar Ratio Rank: 7575
Calmar Ratio Rank
ENCC.TO Martin Ratio Rank: 7575
Martin Ratio Rank
HMAX.TO
HMAX.TO Risk / Return Rank: 9393
Overall Rank
HMAX.TO Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
HMAX.TO Sortino Ratio Rank: 9393
Sortino Ratio Rank
HMAX.TO Omega Ratio Rank: 9494
Omega Ratio Rank
HMAX.TO Calmar Ratio Rank: 9191
Calmar Ratio Rank
HMAX.TO Martin Ratio Rank: 9292
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.

ENCC.TO vs. HMAX.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 Hamilton Canadian Financials YIELD MAXIMIZER ETF (HMAX.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.TOHMAX.TODifference

Sharpe ratio

Return per unit of total volatility

1.76

2.10

-0.34

Sortino ratio

Return per unit of downside risk

2.16

2.76

-0.60

Omega ratio

Gain probability vs. loss probability

1.37

1.43

-0.06

Calmar ratio

Return relative to maximum drawdown

1.89

2.97

-1.08

Martin ratio

Return relative to average drawdown

7.61

12.60

-4.99

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. HMAX.TO - Sharpe Ratio Comparison

The current ENCC.TO Sharpe Ratio is 1.76, which is comparable to the HMAX.TO Sharpe Ratio of 2.10. The chart below compares the historical Sharpe Ratios of ENCC.TO and HMAX.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.

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Sharpe Ratios by Period

ENCC.TOHMAX.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.76

2.10

-0.34

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.17

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.32

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.00

1.19

-1.19

Correlation

The correlation between ENCC.TO and HMAX.TO is 0.32, 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. HMAX.TO - Dividend Comparison

ENCC.TO's dividend yield for the trailing twelve months is around 10.46%, less than HMAX.TO's 12.91% yield.

TTM20252024202320222021202020192018201720162015
ENCC.TO
Global X Canadian Oil and Gas Equity Covered Call ETF		10.46%13.62%14.58%14.87%12.55%4.23%5.10%6.09%8.35%6.92%4.77%15.15%
HMAX.TO
Hamilton Canadian Financials YIELD MAXIMIZER ETF		12.91%12.29%14.08%15.47%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

ENCC.TO vs. HMAX.TO - Drawdown Comparison

The maximum ENCC.TO drawdown since its inception was -89.91%, which is greater than HMAX.TO's maximum drawdown of -15.34%. Use the drawdown chart below to compare losses from any high point for ENCC.TO and HMAX.TO.

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Drawdown Indicators

ENCC.TOHMAX.TODifference

Max Drawdown

Largest peak-to-trough decline

-89.91%

-15.34%

-74.57%

Max Drawdown (1Y)

Largest decline over 1 year

-16.61%

-9.02%

-7.59%

Max Drawdown (5Y)

Largest decline over 5 years

-25.57%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-82.16%

—

—

Current Drawdown

Current decline from peak

-1.87%

-6.53%

+4.66%

Average Drawdown

Average peak-to-trough decline

-40.25%

-3.07%

-37.18%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.13%

2.13%

+2.00%

Volatility

ENCC.TO vs. HMAX.TO - Volatility Comparison

The current volatility for Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC.TO) is 3.50%, while Hamilton Canadian Financials YIELD MAXIMIZER ETF (HMAX.TO) has a volatility of 4.69%. This indicates that ENCC.TO experiences smaller price fluctuations and is considered to be less risky than HMAX.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ENCC.TOHMAX.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.50%

4.69%

-1.19%

Volatility (6M)

Calculated over the trailing 6-month period

9.78%

7.76%

+2.02%

Volatility (1Y)

Calculated over the trailing 1-year period

17.36%

12.33%

+5.03%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

23.28%

11.37%

+11.91%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

29.05%

11.37%

+17.68%