ENCL.TO vs. QDAY.NEO

Last updated Jun 14, 2026

ENCL.TO (Global X Enhanced Canadian Oil and Gas Equity Covered Call ETF CAD) and QDAY.NEO (Hamilton EnhancedTechnology DayMAX™ ETF) are both exchange-traded funds - ENCL.TO is a Energy Equities fund actively managed by Global X, while QDAY.NEO is a Derivative Income fund actively managed by Hamilton Capital. Both are actively managed. At a correlation of -0.14, they often move in opposite directions. ENCL.TO charges 1.86%/yr vs 0.85%/yr for QDAY.NEO.

Performance

ENCL.TO vs. QDAY.NEO - 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 Hamilton EnhancedTechnology DayMAX™ ETF (QDAY.NEO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ENCL.TO achieves a 35.36% return, which is significantly higher than QDAY.NEO's 26.01% return.

ENCL.TO

• 1D: -0.30%
• 1M: -1.63%
• YTD: 35.36%
• 6M: 33.47%
• 1Y: 46.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QDAY.NEO

• 1D: 1.20%
• 1M: 3.71%
• YTD: 26.01%
• 6M: 26.05%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ENCL.TO vs. QDAY.NEO - Yearly Performance Comparison

	2026 (YTD)	2025
ENCL.TO Global X Enhanced Canadian Oil and Gas Equity Covered Call ETF CAD	35.36%	9.84%
QDAY.NEO Hamilton EnhancedTechnology DayMAX™ ETF	26.01%	14.84%

Correlation

The correlation between ENCL.TO and QDAY.NEO is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 14, 2025	-0.14

Return for Risk

ENCL.TO vs. QDAY.NEO — 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

QDAY.NEO

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. QDAY.NEO - 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 Hamilton EnhancedTechnology DayMAX™ ETF (QDAY.NEO). 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	QDAY.NEO	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

ENCL.TO vs. QDAY.NEO - Drawdown Comparison

The maximum ENCL.TO drawdown since its inception was -21.05%, which is greater than QDAY.NEO's maximum drawdown of -19.44%. Use the drawdown chart below to compare losses from any high point for ENCL.TO and QDAY.NEO.

Drawdown Indicators

	ENCL.TO	QDAY.NEO	Difference
Max Drawdown Largest peak-to-trough decline	-21.05%	-19.44%	-1.61%
Max Drawdown (1Y) Largest decline over 1 year	-10.75%	—	—
Current Drawdown Current decline from peak	-3.41%	-4.21%	+0.80%
Average Drawdown Average peak-to-trough decline	-4.78%	-5.25%	+0.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.05%	—	—

Volatility

Volatility by Period

	ENCL.TO	QDAY.NEO	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%	24.16%	-6.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.88%	24.16%	-3.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.88%	24.16%	-3.28%

ENCL.TO vs. QDAY.NEO - Expense Ratio Comparison

ENCL.TO has a 1.86% expense ratio, which is higher than QDAY.NEO's 0.85% expense ratio.

Dividends

ENCL.TO vs. QDAY.NEO - Dividend Comparison

ENCL.TO's dividend yield for the trailing twelve months is around 13.48%, less than QDAY.NEO's 14.53% yield.

Position	TTM	2025	2024	2023
ENCL.TO Global X Enhanced Canadian Oil and Gas Equity Covered Call ETF CAD	13.48%	17.14%	18.56%	4.68%
QDAY.NEO Hamilton EnhancedTechnology DayMAX™ ETF	14.53%	8.78%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ENCL.TO and QDAY.NEO in my portfolio?

ENCL.TO and QDAY.NEO have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ENCL.TO or QDAY.NEO?

On fees, QDAY.NEO is cheaper at 0.85% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ENCL.TO or QDAY.NEO?

QDAY.NEO is cheaper with a 0.85% expense ratio, compared with 1.86% for ENCL.TO.

What is the main difference between ENCL.TO and QDAY.NEO?

ENCL.TO is categorized as Energy Equities, while QDAY.NEO is Derivative Income. They also come from different issuers: Global X and Hamilton Capital. Their fees differ too: 1.86% for ENCL.TO and 0.85% for QDAY.NEO.