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

ENCC.TO vs. IDVO

Last updated Jun 9, 2026

ENCC.TO (Global X Canadian Oil and Gas Equity Covered Call ETF) and IDVO (Amplify CWP International Enhanced Dividend Income ETF) are both Derivative Income funds. Both are actively managed. Over the past 3 years, ENCC.TO returned 22.25%/yr vs 23.81%/yr for IDVO. At a 0.37 correlation, their price movements are largely independent. ENCC.TO charges 0.76%/yr vs 0.65%/yr for IDVO.

Performance

ENCC.TO vs. IDVO - 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 Amplify CWP International Enhanced Dividend Income ETF (IDVO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

ENCC.TO is traded in CAD, while IDVO is traded in USD. To make them comparable, the IDVO 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 IDVO's 13.53% 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%

IDVO

1D
0.52%
1M
-0.07%
YTD
13.53%
6M
13.48%
1Y
34.46%
3Y*
23.81%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

ENCC.TO vs. IDVO - Yearly Performance Comparison

2026 (YTD)2025202420232022
ENCC.TO
Global X Canadian Oil and Gas Equity Covered Call ETF		28.21%13.13%17.39%5.72%3.12%
IDVO
Amplify CWP International Enhanced Dividend Income ETF		13.53%30.23%19.49%14.73%8.86%

Correlation

The correlation between ENCC.TO and IDVO is -0.01, 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

-0.01

Correlation (3Y)
Calculated over the trailing 3-year period

0.29

Correlation (All Time)
Calculated using the full available price history since Sep 9, 2022

0.37

The correlation between ENCC.TO and IDVO shifts across timeframes, from -0.01 (1 year) to 0.37 (all time), reflecting how their relationship changes across market environments.

ENCC.TO vs. IDVO - Sectors Allocation Comparison

Sectors
ENCC.TO
IDVO

Energy

100.0%
12.1%

Basic Materials

-

15.7%

Communication Services

-

9.1%

Consumer Cyclical

-

4.2%

Consumer Defensive

-

7.5%

Financial Services

-

18.3%

Healthcare

-

8.3%

Industrials

-

9.8%

Real Estate

-

-

Technology

-

8.7%

Utilities

-

6.4%

Energy

ENCC.TO
100.0%
IDVO
12.1%

Basic Materials

ENCC.TO

-

IDVO
15.7%

Communication Services

ENCC.TO

-

IDVO
9.1%

Consumer Cyclical

ENCC.TO

-

IDVO
4.2%

Consumer Defensive

ENCC.TO

-

IDVO
7.5%

Financial Services

ENCC.TO

-

IDVO
18.3%

Healthcare

ENCC.TO

-

IDVO
8.3%

Industrials

ENCC.TO

-

IDVO
9.8%

Real Estate

ENCC.TO

-

IDVO

-

Technology

ENCC.TO

-

IDVO
8.7%

Utilities

ENCC.TO

-

IDVO
6.4%

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

Amplify CWP International Enhanced Dividend Income 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 IDVO:
IDVO vs. DIVOIDVO vs. SCHYIDVO vs. VXUSIDVO vs. NIHIIDVO vs. DIVIIDVO vs. AVDVIDVO vs. JEPQ

Return for Risk

ENCC.TO vs. IDVO — 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: 8989
Overall Rank
ENCC.TO Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
ENCC.TO Sortino Ratio Rank: 8989
Sortino Ratio Rank
ENCC.TO Omega Ratio Rank: 8989
Omega Ratio Rank
ENCC.TO Calmar Ratio Rank: 8989
Calmar Ratio Rank
ENCC.TO Martin Ratio Rank: 8787
Martin Ratio Rank
IDVO
IDVO Risk / Return Rank: 6767
Overall Rank
IDVO Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
IDVO Sortino Ratio Rank: 6464
Sortino Ratio Rank
IDVO Omega Ratio Rank: 6767
Omega Ratio Rank
IDVO Calmar Ratio Rank: 6868
Calmar Ratio Rank
IDVO Martin Ratio Rank: 7070
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. IDVO - 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 Amplify CWP International Enhanced Dividend Income ETF (IDVO). 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.TOIDVODifference
Sharpe ratioReturn per unit of total volatility
2.91
2.11

+0.79

Sortino ratioReturn per unit of downside risk
3.71
2.83

+0.88

Omega ratioGain probability vs. loss probability

1.51

1.37

+0.14

Calmar ratioReturn relative to maximum drawdown

4.86

3.41

+1.44

Martin ratioReturn relative to average drawdown

17.17

13.33

+3.84

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. IDVO - Sharpe Ratio Comparison

The current ENCC.TO Sharpe Ratio is 2.91, which is higher than the IDVO Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of ENCC.TO and IDVO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

ENCC.TOIDVODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.91

2.11

+0.79

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.09

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.29

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.07

1.36

-1.43

Drawdowns

ENCC.TO vs. IDVO - Drawdown Comparison

The maximum ENCC.TO drawdown since its inception was -93.29%, which is greater than IDVO's maximum drawdown of -15.97%. Use the drawdown chart below to compare losses from any high point for ENCC.TO and IDVO.

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Drawdown Indicators

ENCC.TOIDVODifference

Max Drawdown

Largest peak-to-trough decline

-93.29%

-15.97%

-77.32%

Max Drawdown (1Y)

Largest decline over 1 year

-8.48%

-10.14%

+1.66%

Max Drawdown (3Y)

Largest decline over 3 years

-16.67%

-15.97%

-0.70%

Max Drawdown (5Y)

Largest decline over 5 years

-25.58%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-82.15%

—

—

Current Drawdown

Current decline from peak

-26.19%

-2.78%

-23.41%

Average Drawdown

Average peak-to-trough decline

-56.08%

-1.89%

-54.19%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.39%

2.59%

-0.20%

Volatility

ENCC.TO vs. IDVO - Volatility Comparison

Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC.TO) and Amplify CWP International Enhanced Dividend Income ETF (IDVO) have volatilities of 5.46% and 5.59%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ENCC.TOIDVODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.46%

5.59%

-0.13%

Volatility (6M)

Calculated over the trailing 6-month period

12.47%

14.04%

-1.57%

Volatility (1Y)

Calculated over the trailing 1-year period

14.20%

16.41%

-2.21%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

23.09%

17.37%

+5.72%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

29.06%

17.37%

+11.69%

ENCC.TO vs. IDVO - Expense Ratio Comparison

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

Dividends

ENCC.TO vs. IDVO - Dividend Comparison

ENCC.TO's dividend yield for the trailing twelve months is around 11.16%, more than IDVO's 5.61% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
IDVO
Amplify CWP International Enhanced Dividend Income ETF		5.61%5.42%6.14%5.72%1.96%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

ENCC.TO and IDVO have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IDVO is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IDVO is cheaper with a 0.65% expense ratio, compared with 0.76% for ENCC.TO.

They also come from different issuers: Global X and Amplify. Their fees differ too: 0.76% for ENCC.TO and 0.65% for IDVO.

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