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

ENCL.TO vs. ENCC.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Global X Enhanced Canadian Oil and Gas Equity Covered Call ETF CAD (ENCL.TO) and Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC.TO).

ENCL.TO and ENCC.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ENCL.TO is an actively managed fund by Global X. It was launched on Oct 10, 2023. ENCC.TO is an actively managed fund by Global X. It was launched on Apr 11, 2011.

Performance

ENCL.TO vs. ENCC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X Enhanced Canadian Oil and Gas Equity Covered Call ETF CAD (ENCL.TO) and Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC.TO). The values are adjusted to include any dividend payments, if applicable.

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

2026 (YTD)202520242023
ENCL.TO
Global X Enhanced Canadian Oil and Gas Equity Covered Call ETF CAD		30.98%14.97%20.32%-3.43%
ENCC.TO
Global X Canadian Oil and Gas Equity Covered Call ETF		21.92%13.13%17.39%-2.39%

Returns By Period

In the year-to-date period, ENCL.TO achieves a 30.98% return, which is significantly higher than ENCC.TO's 21.92% return.

ENCL.TO

1D
0.00%
1M
11.87%
YTD
30.98%
6M
32.30%
1Y
40.62%
3Y*
—
5Y*
—
10Y*
—

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%
*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 Enhanced Canadian Oil and Gas Equity Covered Call ETF CAD

Global X Canadian Oil and Gas Equity Covered Call ETF

Often compared with ENCL.TO:
ENCL.TO vs. UTES.TOENCL.TO vs. UMAX.TOENCL.TO vs. XEG.TOENCL.TO vs. BANK.TOENCL.TO vs. XEQT.TOENCL.TO vs. HHIS.TOENCL.TO vs. ENS.TO
Often compared with ENCC.TO:
ENCC.TO vs. EMAX.TOENCC.TO vs. ZEOENCC.TO vs. HMAX.TOENCC.TO vs. XDIV.TOENCC.TO vs. XEQT.TOENCC.TO vs. ENS.TOENCC.TO vs. HYLD.TO

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

ENCL.TO has a 1.86% expense ratio, which is higher than ENCC.TO's 0.76% expense ratio.

ENCL.TO
Global X Enhanced Canadian Oil and Gas Equity Covered Call ETF CAD
ENCC.TO
Global X Canadian Oil and Gas Equity Covered Call ETF

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ENCL.TO
ENCL.TO Risk / Return Rank: 8484
Overall Rank
ENCL.TO Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
ENCL.TO Sortino Ratio Rank: 8585
Sortino Ratio Rank
ENCL.TO Omega Ratio Rank: 9191
Omega Ratio Rank
ENCL.TO Calmar Ratio Rank: 7979
Calmar Ratio Rank
ENCL.TO Martin Ratio Rank: 7878
Martin Ratio Rank
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
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.

ENCL.TO vs. ENCC.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Enhanced Canadian Oil and Gas Equity Covered Call ETF CAD (ENCL.TO) and Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC.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.

ENCL.TOENCC.TODifference

Sharpe ratio

Return per unit of total volatility

1.90

1.76

+0.14

Sortino ratio

Return per unit of downside risk

2.26

2.16

+0.10

Omega ratio

Gain probability vs. loss probability

1.39

1.37

+0.02

Calmar ratio

Return relative to maximum drawdown

2.07

1.89

+0.18

Martin ratio

Return relative to average drawdown

8.06

7.61

+0.45

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current ENCL.TO Sharpe Ratio is 1.90, which is comparable to the ENCC.TO Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of ENCL.TO and ENCC.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

ENCL.TOENCC.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.90

1.76

+0.14

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

1.31

0.00

+1.31

Correlation

The correlation between ENCL.TO and ENCC.TO is 0.97, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

ENCL.TO vs. ENCC.TO - Dividend Comparison

ENCL.TO's dividend yield for the trailing twelve months is around 13.37%, more than ENCC.TO's 10.46% yield.

TTM20252024202320222021202020192018201720162015
ENCL.TO
Global X Enhanced Canadian Oil and Gas Equity Covered Call ETF CAD		13.37%17.14%18.56%4.68%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
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%

Drawdowns

ENCL.TO vs. ENCC.TO - Drawdown Comparison

The maximum ENCL.TO drawdown since its inception was -21.05%, smaller than the maximum ENCC.TO drawdown of -89.91%. Use the drawdown chart below to compare losses from any high point for ENCL.TO and ENCC.TO.

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Drawdown Indicators

ENCL.TOENCC.TODifference

Max Drawdown

Largest peak-to-trough decline

-21.05%

-89.91%

+68.86%

Max Drawdown (1Y)

Largest decline over 1 year

-20.51%

-16.61%

-3.90%

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

0.00%

-1.87%

+1.87%

Average Drawdown

Average peak-to-trough decline

-3.96%

-40.25%

+36.29%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.27%

4.13%

+1.14%

Volatility

ENCL.TO vs. ENCC.TO - Volatility Comparison

Global X Enhanced Canadian Oil and Gas Equity Covered Call ETF CAD (ENCL.TO) and Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC.TO) have volatilities of 3.37% and 3.50%, 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

ENCL.TOENCC.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.37%

3.50%

-0.13%

Volatility (6M)

Calculated over the trailing 6-month period

12.00%

9.78%

+2.22%

Volatility (1Y)

Calculated over the trailing 1-year period

21.51%

17.36%

+4.15%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.52%

23.28%

-3.76%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.52%

29.05%

-9.53%