ENCL.TO vs. XCLN.TO
ENCL.TO (Global X Enhanced Canadian Oil and Gas Equity Covered Call ETF CAD) and XCLN.TO (iShares Global Clean Energy Index ETF) are both exchange-traded funds - ENCL.TO is a Energy Equities fund actively managed by Global X, while XCLN.TO is a Alternative Energy Equities fund tracking the S&P Global Clean Energy Index. ENCL.TO is actively managed, while XCLN.TO is passively managed. Over the past year, ENCL.TO returned 49.31% vs 37.05% for XCLN.TO. Their 0.02 correlation means their historical movements had little consistent relationship. ENCL.TO charges 1.86%/yr vs 0.35%/yr for XCLN.TO.
Performance
ENCL.TO vs. XCLN.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ENCL.TO achieves a 36.74% return, which is significantly higher than XCLN.TO's 16.27% return.
ENCL.TO
- 1D
- -2.26%
- 1M
- 7.64%
- 6M
- 26.39%
- YTD
- 36.74%
- 1Y
- 49.31%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 20.00%
XCLN.TO
- 1D
- 4.72%
- 1M
- -7.99%
- 6M
- 3.70%
- YTD
- 16.27%
- 1Y
- 37.05%
- 3Y*
- 4.53%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 1.66%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$2.08M | CA$1.69M | CA$1.69M | |
| CA$54.59K | CA$78.19K | CA$109.63K |
ENCL.TO vs. XCLN.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ENCL.TO Global X Enhanced Canadian Oil and Gas Equity Covered Call ETF CAD | 36.74% | 14.97% | 20.32% | -11.68% |
XCLN.TO iShares Global Clean Energy Index ETF | 16.27% | 35.62% | -19.86% | 8.96% |
Correlation
The correlation between ENCL.TO and XCLN.TO is -0.04, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.04 |
Correlation (All Time) Calculated using the full available price history since Oct 11, 2023 | 0.02 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ENCL.TO vs. XCLN.TO — Risk / Return Rank
ENCL.TO
XCLN.TO
ENCL.TO vs. XCLN.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 iShares Global Clean Energy Index ETF (XCLN.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.
| ENCL.TO | XCLN.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.36 | ||
| Sortino ratioReturn per unit of downside risk | +1.52 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.21 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 4.61 | 1.41 | +3.20 |
| Martin ratioReturn relative to average drawdown | 13.32 | 4.79 | +8.54 |
Loading charts...
Drawdowns
ENCL.TO vs. XCLN.TO - Drawdown Comparison
The maximum ENCL.TO drawdown since its inception was -21.05%, smaller than the maximum XCLN.TO drawdown of -49.29%. Use the drawdown chart below to compare losses from any high point for ENCL.TO and XCLN.TO.
Loading charts...
Drawdown Indicators
| ENCL.TO | XCLN.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.05% | -49.29% | +28.24% |
Max Drawdown (1Y)Largest decline over 1 year | -10.75% | -26.42% | +15.67% |
Max Drawdown (3Y)Largest decline over 3 years | — | -33.68% | — |
Current DrawdownCurrent decline from peak | -3.57% | -19.53% | +15.96% |
Average DrawdownAverage peak-to-trough decline | -4.80% | -25.25% | +20.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.71% | 7.76% | -4.05% |
Volatility
ENCL.TO vs. XCLN.TO - Volatility Comparison
The current volatility for Global X Enhanced Canadian Oil and Gas Equity Covered Call ETF CAD (ENCL.TO) is 7.31%, while iShares Global Clean Energy Index ETF (XCLN.TO) has a volatility of 11.05%. This indicates that ENCL.TO experiences smaller price fluctuations and is considered to be less risky than XCLN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ENCL.TO | XCLN.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.31% | 11.05% | -3.74% |
Volatility (6M)Calculated over the trailing 6-month period | 16.20% | 25.34% | -9.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.53% | 31.61% | -12.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.00% | 26.45% | -5.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.00% | 26.45% | -5.45% |
ENCL.TO vs. XCLN.TO - Expense Ratio Comparison
ENCL.TO has a 1.86% expense ratio, which is higher than XCLN.TO's 0.35% expense ratio.
Dividends
ENCL.TO vs. XCLN.TO - Dividend Comparison
ENCL.TO's dividend yield for the trailing twelve months is around 13.75%, more than XCLN.TO's 0.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
ENCL.TO Global X Enhanced Canadian Oil and Gas Equity Covered Call ETF CAD | 13.75% | 17.14% | 18.56% | 4.68% | 0.00% |
XCLN.TO iShares Global Clean Energy Index ETF | 0.88% | 1.51% | 1.24% | 1.15% | 0.39% |
Frequently Asked Questions
ENCL.TO and XCLN.TO have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XCLN.TO is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XCLN.TO is cheaper with a 0.35% expense ratio, compared with 1.86% for ENCL.TO.
ENCL.TO is categorized as Energy Equities, while XCLN.TO is Alternative Energy Equities. They also come from different issuers: Global X and iShares. Their fees differ too: 1.86% for ENCL.TO and 0.35% for XCLN.TO.
Find the right allocation for ENCL.TO and XCLN.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer