ENCC.TO vs. QQCI.TO

Last updated Aug 4, 2026

ENCC.TO (Global X Canadian Oil and Gas Equity Covered Call ETF) and QQCI.TO (Invesco NASDAQ 100 Income Advantage ETF) are both exchange-traded funds - ENCC.TO is a Derivative Income fund tracking the Mirae Asset Equal Weight Canadian Oil & Gas Index, while QQCI.TO is a Nasdaq-100 fund actively managed by CI. ENCC.TO is passively managed, while QQCI.TO is actively managed. Over the past year, ENCC.TO returned 41.56% vs 24.09% for QQCI.TO. Their -0.04 correlation means they have often moved in opposite directions in the past. ENCC.TO charges 0.92%/yr vs 0.21%/yr for QQCI.TO.

Performance

ENCC.TO vs. QQCI.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 Invesco NASDAQ 100 Income Advantage ETF (QQCI.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ENCC.TO achieves a 31.48% return, which is significantly higher than QQCI.TO's 11.99% 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%

QQCI.TO

• 1D: 1.04%
• 1M: -4.23%
• 6M: 10.90%
• YTD: 11.99%
• 1Y: 24.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 19.32%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ENCC.TO Global X Canadian Oil and Gas Equity Covered Call ETF	CA$1.63M	CA$1.50M	CA$2.06M
QQCI.TO Invesco NASDAQ 100 Income Advantage ETF	CA$141.13K	CA$115.71K	CA$152.25K

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

	2026 (YTD)	2025	2024
ENCC.TO Global X Canadian Oil and Gas Equity Covered Call ETF	31.48%	13.13%	-1.22%
QQCI.TO Invesco NASDAQ 100 Income Advantage ETF	11.99%	12.64%	11.81%

Correlation

The correlation between ENCC.TO and QQCI.TO is -0.22, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.22
Correlation (All Time) Calculated using the full available price history since Aug 19, 2024	-0.04

The correlation between ENCC.TO and QQCI.TO shifts across timeframes, from -0.22 (1 year) to -0.04 (all time), reflecting how their relationship changes across market environments.

ENCC.TO vs. QQCI.TO - Sectors Allocation Comparison

Sectors	ENCC.TO	QQCI.TO
Energy	100.0%	0.5%
Basic Materials	-	1.0%
Communication Services	-	13.1%
Consumer Cyclical	-	10.7%
Consumer Defensive	-	6.3%
Financial Services	-	0.2%
Healthcare	-	3.6%
Industrials	-	2.7%
Real Estate	-	0.1%
Technology	-	60.9%
Utilities	-	1.1%

Return for Risk

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

Compare historical risk-adjusted metric ranks over the past 12 months.

ENCC.TO

ENCC.TO Risk / Return Rank: 92
ENCC.TO Sharpe Ratio Rank: 94
ENCC.TO Sortino Ratio Rank: 92
ENCC.TO Omega Ratio Rank: 92
ENCC.TO Calmar Ratio Rank: 94
ENCC.TO Martin Ratio Rank: 88

QQCI.TO

QQCI.TO Risk / Return Rank: 62
QQCI.TO Sharpe Ratio Rank: 59
QQCI.TO Sortino Ratio Rank: 56
QQCI.TO Omega Ratio Rank: 57
QQCI.TO Calmar Ratio Rank: 70
QQCI.TO Martin Ratio Rank: 67

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ENCC.TO vs. QQCI.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 Invesco NASDAQ 100 Income Advantage ETF (QQCI.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	QQCI.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.66	1.47	+1.19
Sortino ratio: Return per unit of downside risk	3.45	2.05	+1.40
Omega ratio: Gain probability vs. loss probability	1.46	1.26	+0.20
Calmar ratio: Return relative to maximum drawdown	4.83	2.59	+2.24
Martin ratio: Return relative to average drawdown	13.84	8.57	+5.27

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

The current ENCC.TO Sharpe Ratio is 2.66, which is higher than the QQCI.TO Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of ENCC.TO and QQCI.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ENCC.TO vs. QQCI.TO - Drawdown Comparison

The maximum ENCC.TO drawdown since its inception was -93.29%, which is greater than QQCI.TO's maximum drawdown of -18.95%. Use the drawdown chart below to compare losses from any high point for ENCC.TO and QQCI.TO.

Drawdown Indicators

	ENCC.TO	QQCI.TO	Difference
Max Drawdown Largest peak-to-trough decline	-93.29%	-18.95%	-74.34%
Max Drawdown (1Y) Largest decline over 1 year	-8.48%	-8.48%	0.00%
Max Drawdown (3Y) Largest decline over 3 years	-16.67%	—	—
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	-24.31%	-5.84%	-18.47%
Average Drawdown Average peak-to-trough decline	-55.78%	-3.07%	-52.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.95%	2.56%	+0.39%

Volatility

ENCC.TO vs. QQCI.TO - Volatility Comparison

Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC.TO) has a higher volatility of 5.50% compared to Invesco NASDAQ 100 Income Advantage ETF (QQCI.TO) at 4.91%. This indicates that ENCC.TO's price experiences larger fluctuations and is considered to be riskier than QQCI.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ENCC.TO	QQCI.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.50%	4.91%	+0.59%
Volatility (6M) Calculated over the trailing 6-month period	12.71%	11.52%	+1.19%
Volatility (1Y) Calculated over the trailing 1-year period	15.41%	14.92%	+0.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.54%	15.92%	+6.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.01%	15.92%	+13.09%

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

ENCC.TO has a 0.92% expense ratio, which is higher than QQCI.TO's 0.21% expense ratio.

Dividends

ENCC.TO vs. QQCI.TO - Dividend Comparison

ENCC.TO's dividend yield for the trailing twelve months is around 11.09%, more than QQCI.TO's 9.32% 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%
QQCI.TO Invesco NASDAQ 100 Income Advantage ETF	9.32%	9.34%	3.17%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ENCC.TO and QQCI.TO in my portfolio?

ENCC.TO and QQCI.TO have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ENCC.TO or QQCI.TO?

On fees, QQCI.TO is cheaper at 0.21% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ENCC.TO or QQCI.TO?

QQCI.TO is cheaper with a 0.21% expense ratio, compared with 0.92% for ENCC.TO.

What is the main difference between ENCC.TO and QQCI.TO?

ENCC.TO is categorized as Derivative Income, while QQCI.TO is Nasdaq-100. They also come from different issuers: Global X and CI. Their fees differ too: 0.92% for ENCC.TO and 0.21% for QQCI.TO.