ENCL.TO vs. EQCC.TO
ENCL.TO (Global X Enhanced Canadian Oil and Gas Equity Covered Call ETF CAD) and EQCC.TO (Global X All-Equity Asset Allocation Covered Call ETF) are both exchange-traded funds - ENCL.TO is a Oil & Gas fund actively managed by Global X, while EQCC.TO is a Derivative Income fund actively managed by Global X. Both are actively managed. Over the past year, ENCL.TO returned 52.50% vs 28.46% for EQCC.TO. At a 0.06 correlation, their price movements are largely independent. ENCL.TO charges 1.86%/yr vs 0.65%/yr for EQCC.TO.
Performance
ENCL.TO vs. EQCC.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ENCL.TO achieves a 36.58% return, which is significantly higher than EQCC.TO's 12.84% return.
ENCL.TO
- 1D
- 0.43%
- 1M
- 2.89%
- YTD
- 36.58%
- 6M
- 32.07%
- 1Y
- 52.50%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EQCC.TO
- 1D
- 2.44%
- 1M
- 7.82%
- YTD
- 12.84%
- 6M
- 12.97%
- 1Y
- 28.46%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ENCL.TO vs. EQCC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ENCL.TO Global X Enhanced Canadian Oil and Gas Equity Covered Call ETF CAD | 36.58% | 14.97% | 1.88% |
EQCC.TO Global X All-Equity Asset Allocation Covered Call ETF | 12.84% | 13.50% | 11.68% |
Correlation
The correlation between ENCL.TO and EQCC.TO is -0.07, 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 | -0.07 |
Correlation (All Time) Calculated using the full available price history since May 31, 2024 | 0.06 |
The correlation between ENCL.TO and EQCC.TO shifts across timeframes, from -0.07 (1 year) to 0.06 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ENCL.TO vs. EQCC.TO — Risk / Return Rank
ENCL.TO
EQCC.TO
ENCL.TO vs. EQCC.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 All-Equity Asset Allocation Covered Call ETF (EQCC.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.TO | EQCC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.58 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 4.91 | 3.96 | +0.95 |
| Martin ratioReturn relative to average drawdown | 17.58 | 15.65 | +1.93 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ENCL.TO | EQCC.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.98 | 2.51 | +0.47 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.27 | 1.41 | -0.14 |
Drawdowns
ENCL.TO vs. EQCC.TO - Drawdown Comparison
The maximum ENCL.TO drawdown since its inception was -21.05%, which is greater than EQCC.TO's maximum drawdown of -15.94%. Use the drawdown chart below to compare losses from any high point for ENCL.TO and EQCC.TO.
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Drawdown Indicators
| ENCL.TO | EQCC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.05% | -15.94% | -5.11% |
Max Drawdown (1Y)Largest decline over 1 year | -10.75% | -7.32% | -3.43% |
Current DrawdownCurrent decline from peak | -2.54% | 0.00% | -2.54% |
Average DrawdownAverage peak-to-trough decline | -3.95% | -1.73% | -2.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 1.85% | +1.15% |
Volatility
ENCL.TO vs. EQCC.TO - Volatility Comparison
Global X Enhanced Canadian Oil and Gas Equity Covered Call ETF CAD (ENCL.TO) has a higher volatility of 7.30% compared to Global X All-Equity Asset Allocation Covered Call ETF (EQCC.TO) at 6.07%. This indicates that ENCL.TO's price experiences larger fluctuations and is considered to be riskier than EQCC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ENCL.TO | EQCC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.30% | 6.07% | +1.23% |
Volatility (6M)Calculated over the trailing 6-month period | 15.75% | 9.27% | +6.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.75% | 11.56% | +6.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.15% | 13.94% | +6.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.15% | 13.94% | +6.21% |
ENCL.TO vs. EQCC.TO - Expense Ratio Comparison
ENCL.TO has a 1.86% expense ratio, which is higher than EQCC.TO's 0.65% expense ratio.
Dividends
ENCL.TO vs. EQCC.TO - Dividend Comparison
ENCL.TO's dividend yield for the trailing twelve months is around 13.35%, more than EQCC.TO's 8.68% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
ENCL.TO Global X Enhanced Canadian Oil and Gas Equity Covered Call ETF CAD | 13.35% | 17.14% | 18.56% | 4.68% |
EQCC.TO Global X All-Equity Asset Allocation Covered Call ETF | 8.68% | 9.43% | 5.38% | 0.00% |
Frequently Asked Questions
ENCL.TO and EQCC.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, EQCC.TO is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EQCC.TO is cheaper with a 0.65% expense ratio, compared with 1.86% for ENCL.TO.
ENCL.TO is categorized as Oil & Gas, while EQCC.TO is Derivative Income. Their fees differ too: 1.86% for ENCL.TO and 0.65% for EQCC.TO.
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