ENCL.TO vs. HYLD

Last updated Jun 14, 2026

ENCL.TO (Global X Enhanced Canadian Oil and Gas Equity Covered Call ETF CAD) and HYLD (High Yield ETF) are both exchange-traded funds - ENCL.TO is a Energy Equities fund actively managed by Global X, while HYLD is a High Yield Bonds fund actively managed by Eve Capital. Both are actively managed. ENCL.TO charges 1.86%/yr vs 1.29%/yr for HYLD.

Performance

ENCL.TO vs. HYLD - 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 High Yield ETF (HYLD). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ENCL.TO is traded in CAD, while HYLD is traded in USD. To make them comparable, the HYLD values have been converted to CAD using the latest available exchange rates.

Returns By Period

ENCL.TO

• 1D: -0.30%
• 1M: 0.13%
• YTD: 35.36%
• 6M: 33.47%
• 1Y: 46.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HYLD

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ENCL.TO vs. HYLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
ENCL.TO Global X Enhanced Canadian Oil and Gas Equity Covered Call ETF CAD	35.36%	14.97%	20.32%	-11.68%
HYLD High Yield ETF	0.00%	0.00%	0.00%	0.00%

Return for Risk

ENCL.TO vs. HYLD — 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: 87
ENCL.TO Sharpe Ratio Rank: 90
ENCL.TO Sortino Ratio Rank: 85
ENCL.TO Omega Ratio Rank: 86
ENCL.TO Calmar Ratio Rank: 88
ENCL.TO Martin Ratio Rank: 86

HYLD

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. HYLD - 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 High Yield ETF (HYLD). 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.

	ENCL.TO	HYLD	Difference
Sharpe ratio: Return per unit of total volatility	2.67	—	—
Sortino ratio: Return per unit of downside risk	3.33	—	—
Omega ratio: Gain probability vs. loss probability	1.46	—	—
Calmar ratio: Return relative to maximum drawdown	4.49	—	—
Martin ratio: Return relative to average drawdown	15.78	—	—

Drawdowns

Drawdown Indicators

	ENCL.TO	HYLD	Difference
Max Drawdown Largest peak-to-trough decline	-21.05%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-10.75%	—	—
Current Drawdown Current decline from peak	-3.41%	—	—
Average Drawdown Average peak-to-trough decline	-4.78%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.05%	—	—

Volatility

Volatility by Period

	ENCL.TO	HYLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.14%	—	—
Volatility (6M) Calculated over the trailing 6-month period	16.02%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.05%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.88%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.88%	—	—

ENCL.TO vs. HYLD - Expense Ratio Comparison

ENCL.TO has a 1.86% expense ratio, which is higher than HYLD's 1.29% expense ratio.

Dividends

ENCL.TO vs. HYLD - Dividend Comparison

ENCL.TO's dividend yield for the trailing twelve months is around 13.48%, while HYLD has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ENCL.TO Global X Enhanced Canadian Oil and Gas Equity Covered Call ETF CAD	13.48%	17.14%	18.56%	4.68%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
HYLD High Yield ETF	0.00%	0.00%	0.00%	4.67%	7.86%	6.45%	7.52%	7.46%	7.97%	7.18%	6.59%	10.87%

Frequently Asked Questions

Which ETF is better, ENCL.TO or HYLD?

On fees, HYLD is cheaper at 1.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ENCL.TO or HYLD?

HYLD is cheaper with a 1.29% expense ratio, compared with 1.86% for ENCL.TO.

What is the main difference between ENCL.TO and HYLD?

ENCL.TO is categorized as Energy Equities, while HYLD is High Yield Bonds. They also come from different issuers: Global X and Eve Capital. Their fees differ too: 1.86% for ENCL.TO and 1.29% for HYLD.