PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
ENCC.TO vs. HYLD.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ENCC.TO vs. HYLD.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 Enhanced U.S. Covered Call ETF (HYLD.TO).

ENCC.TO and HYLD.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. HYLD.TO is an actively managed fund by Hamilton Capital. It was launched on Feb 4, 2022.

Performance

ENCC.TO vs. HYLD.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 Enhanced U.S. Covered Call ETF (HYLD.TO). The values are adjusted to include any dividend payments, if applicable.

Loading graphics...

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

2026 (YTD)2025202420232022
ENCC.TO
Global X Canadian Oil and Gas Equity Covered Call ETF		21.92%13.13%17.39%5.72%22.03%
HYLD.TO
Hamilton Enhanced U.S. Covered Call ETF		-8.12%22.14%25.39%19.01%-18.85%

Returns By Period

In the year-to-date period, ENCC.TO achieves a 21.92% return, which is significantly higher than HYLD.TO's -8.12% 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%

HYLD.TO

1D
2.59%
1M
-6.74%
YTD
-8.12%
6M
-4.52%
1Y
18.39%
3Y*
16.62%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Global X Canadian Oil and Gas Equity Covered Call ETF

Hamilton Enhanced U.S. Covered Call ETF

Often compared with ENCC.TO:
ENCC.TO vs. ENCL.TOENCC.TO vs. EMAX.TOENCC.TO vs. ZEOENCC.TO vs. HMAX.TOENCC.TO vs. XDIV.TOENCC.TO vs. XEQT.TOENCC.TO vs. ENS.TO
Often compared with HYLD.TO:
HYLD.TO vs. HDIV.TOHYLD.TO vs. VFV.TOHYLD.TO vs. USCL.TOHYLD.TO vs. HMAX.TOHYLD.TO vs. XYLDHYLD.TO vs. XEQT.TOHYLD.TO vs. BANK.TO

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

ENCC.TO has a 0.76% expense ratio, which is lower than HYLD.TO's 2.37% expense ratio.

HYLD.TO
Hamilton Enhanced U.S. Covered Call ETF
ENCC.TO
Global X Canadian Oil and Gas Equity Covered Call ETF

Return for Risk

ENCC.TO vs. HYLD.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
HYLD.TO
HYLD.TO Risk / Return Rank: 5757
Overall Rank
HYLD.TO Sharpe Ratio Rank: 5050
Sharpe Ratio Rank
HYLD.TO Sortino Ratio Rank: 5454
Sortino Ratio Rank
HYLD.TO Omega Ratio Rank: 5858
Omega Ratio Rank
HYLD.TO Calmar Ratio Rank: 5959
Calmar Ratio Rank
HYLD.TO Martin Ratio Rank: 6363
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. HYLD.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 Enhanced U.S. Covered Call ETF (HYLD.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.TOHYLD.TODifference

Sharpe ratio

Return per unit of total volatility

1.76

0.85

+0.91

Sortino ratio

Return per unit of downside risk

2.16

1.34

+0.82

Omega ratio

Gain probability vs. loss probability

1.37

1.20

+0.17

Calmar ratio

Return relative to maximum drawdown

1.89

1.36

+0.53

Martin ratio

Return relative to average drawdown

7.61

5.82

+1.79

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. HYLD.TO - Sharpe Ratio Comparison

The current ENCC.TO Sharpe Ratio is 1.76, which is higher than the HYLD.TO Sharpe Ratio of 0.85. The chart below compares the historical Sharpe Ratios of ENCC.TO and HYLD.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.

Loading graphics...

Sharpe Ratios by Period

ENCC.TOHYLD.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.76

0.85

+0.91

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

0.40

-0.40

Correlation

The correlation between ENCC.TO and HYLD.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. HYLD.TO - Dividend Comparison

ENCC.TO's dividend yield for the trailing twelve months is around 10.46%, less than HYLD.TO's 12.36% 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%
HYLD.TO
Hamilton Enhanced U.S. Covered Call ETF		12.36%11.98%12.13%12.11%13.02%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

ENCC.TO vs. HYLD.TO - Drawdown Comparison

The maximum ENCC.TO drawdown since its inception was -89.91%, which is greater than HYLD.TO's maximum drawdown of -31.38%. Use the drawdown chart below to compare losses from any high point for ENCC.TO and HYLD.TO.

Loading graphics...

Drawdown Indicators

ENCC.TOHYLD.TODifference

Max Drawdown

Largest peak-to-trough decline

-89.91%

-31.38%

-58.53%

Max Drawdown (1Y)

Largest decline over 1 year

-16.61%

-14.02%

-2.59%

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%

-9.77%

+7.90%

Average Drawdown

Average peak-to-trough decline

-40.25%

-9.24%

-31.01%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.13%

3.28%

+0.85%

Volatility

ENCC.TO vs. HYLD.TO - Volatility Comparison

The current volatility for Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC.TO) is 3.50%, while Hamilton Enhanced U.S. Covered Call ETF (HYLD.TO) has a volatility of 7.05%. This indicates that ENCC.TO experiences smaller price fluctuations and is considered to be less risky than HYLD.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading graphics...

Volatility by Period

ENCC.TOHYLD.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.50%

7.05%

-3.55%

Volatility (6M)

Calculated over the trailing 6-month period

9.78%

12.24%

-2.46%

Volatility (1Y)

Calculated over the trailing 1-year period

17.36%

21.72%

-4.36%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

23.28%

19.29%

+3.99%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

29.05%

19.29%

+9.76%