ENCC.TO vs. PINC.TO
ENCC.TO (Global X Canadian Oil and Gas Equity Covered Call ETF) and PINC.TO (Purpose Multi-Asset Income Fund) are both Derivative Income funds. ENCC.TO is passively managed, while PINC.TO is actively managed. Over the past 5 years, ENCC.TO returned 27.81%/yr vs 6.76%/yr for PINC.TO. Their 0.25 correlation means their historical movements had little consistent relationship. ENCC.TO charges 0.92%/yr vs 1.04%/yr for PINC.TO.
Performance
ENCC.TO vs. PINC.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ENCC.TO achieves a 31.48% return, which is significantly higher than PINC.TO's 17.29% return.
ENCC.TO
- 1D
- -0.54%
- 1M
- 7.81%
- 6M
- 25.10%
- YTD
- 31.48%
- 1Y
- 41.56%
- 3Y*
- 21.55%
- 5Y*
- 27.81%
- 10Y*
- 8.77%
- ALL TIME*
- -1.75%
PINC.TO
- 1D
- -0.26%
- 1M
- 1.34%
- 6M
- 14.51%
- YTD
- 17.29%
- 1Y
- 24.86%
- 3Y*
- 14.78%
- 5Y*
- 6.76%
- 10Y*
- —
- ALL TIME*
- 6.95%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$1.63M | CA$1.50M | CA$2.06M | |
| CA$17.08K | CA$13.56K | CA$13.69K |
ENCC.TO vs. PINC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ENCC.TO Global X Canadian Oil and Gas Equity Covered Call ETF | 31.48% | 13.13% | 17.39% | 5.72% | 41.32% | 80.54% | -27.98% | 6.56% | -30.02% |
PINC.TO Purpose Multi-Asset Income Fund | 17.29% | 14.41% | 11.54% | 0.95% | -12.11% | 21.51% | 0.74% | 14.28% | -6.43% |
Correlation
The correlation between ENCC.TO and PINC.TO is 0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.07 |
Correlation (3Y) Balances recent behavior with more history. | 0.18 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.24 |
Correlation (All Time) Calculated using the full available price history since May 8, 2018 | 0.25 |
The correlation between ENCC.TO and PINC.TO shifts across timeframes, from 0.07 (1 year) to 0.25 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ENCC.TO vs. PINC.TO — Risk / Return Rank
ENCC.TO
PINC.TO
ENCC.TO vs. PINC.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 Purpose Multi-Asset Income Fund (PINC.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ENCC.TO | PINC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.12 | ||
| Sortino ratioReturn per unit of downside risk | -1.93 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.78 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 4.83 | 6.71 | -1.88 |
| Martin ratioReturn relative to average drawdown | 13.84 | 26.05 | -12.21 |
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Drawdowns
ENCC.TO vs. PINC.TO - Drawdown Comparison
The maximum ENCC.TO drawdown since its inception was -93.29%, which is greater than PINC.TO's maximum drawdown of -43.84%. Use the drawdown chart below to compare losses from any high point for ENCC.TO and PINC.TO.
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Drawdown Indicators
| ENCC.TO | PINC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.29% | -43.84% | -49.45% |
Max Drawdown (1Y)Largest decline over 1 year | -8.48% | -3.59% | -4.89% |
Max Drawdown (3Y)Largest decline over 3 years | -16.67% | -8.55% | -8.12% |
Max Drawdown (5Y)Largest decline over 5 years | -25.58% | -21.04% | -4.54% |
Max Drawdown (10Y)Largest decline over 10 years | -82.15% | — | — |
Current DrawdownCurrent decline from peak | -24.31% | -0.94% | -23.37% |
Average DrawdownAverage peak-to-trough decline | -55.78% | -5.79% | -49.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 0.92% | +2.03% |
Volatility
ENCC.TO vs. PINC.TO - Volatility Comparison
Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC.TO) has a higher volatility of 5.50% compared to Purpose Multi-Asset Income Fund (PINC.TO) at 1.64%. This indicates that ENCC.TO's price experiences larger fluctuations and is considered to be riskier than PINC.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.TO | PINC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.50% | 1.64% | +3.86% |
Volatility (6M)Calculated over the trailing 6-month period | 12.71% | 5.04% | +7.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.41% | 6.37% | +9.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.54% | 8.38% | +14.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.01% | 14.69% | +14.32% |
ENCC.TO vs. PINC.TO - Expense Ratio Comparison
ENCC.TO has a 0.92% expense ratio, which is lower than PINC.TO's 1.04% expense ratio.
Dividends
ENCC.TO vs. PINC.TO - Dividend Comparison
ENCC.TO's dividend yield for the trailing twelve months is around 11.09%, more than PINC.TO's 4.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENCC.TO Global X Canadian Oil and Gas Equity Covered Call ETF | 11.09% | 13.62% | 14.58% | 14.87% | 12.55% | 4.23% | 5.10% | 6.11% | 8.37% | 6.93% | 4.34% | 3.03% |
PINC.TO Purpose Multi-Asset Income Fund | 4.43% | 5.05% | 5.48% | 5.78% | 5.51% | 4.60% | 5.33% | 5.06% | 3.66% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ENCC.TO and PINC.TO have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ENCC.TO is cheaper at 0.92% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ENCC.TO is cheaper with a 0.92% expense ratio, compared with 1.04% for PINC.TO.
They also come from different issuers: Global X and Purpose. Their fees differ too: 0.92% for ENCC.TO and 1.04% for PINC.TO.
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