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

ENCL.TO vs. XIC.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 iShares Core S&P/TSX Capped Composite Index ETF (XIC.TO).

ENCL.TO and XIC.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. XIC.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Canada GR CAD. It was launched on Feb 16, 2001.

Performance

ENCL.TO vs. XIC.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 iShares Core S&P/TSX Capped Composite Index ETF (XIC.TO). The values are adjusted to include any dividend payments, if applicable.

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ENCL.TO vs. XIC.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%
XIC.TO
iShares Core S&P/TSX Capped Composite Index ETF		3.89%31.51%21.48%7.38%

Returns By Period

In the year-to-date period, ENCL.TO achieves a 30.98% return, which is significantly higher than XIC.TO's 3.89% return.

ENCL.TO

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

XIC.TO

1D
2.55%
1M
-4.36%
YTD
3.89%
6M
10.31%
1Y
34.58%
3Y*
21.07%
5Y*
14.44%
10Y*
12.45%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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Global X Enhanced Canadian Oil and Gas Equity Covered Call ETF CAD

iShares Core S&P/TSX Capped Composite Index ETF

Often compared with ENCL.TO:
ENCL.TO vs. ENCC.TOENCL.TO vs. UTES.TOENCL.TO vs. UMAX.TOENCL.TO vs. XEG.TOENCL.TO vs. BANK.TOENCL.TO vs. XEQT.TOENCL.TO vs. HHIS.TO
Often compared with XIC.TO:
XIC.TO vs. XIU.TOXIC.TO vs. VDY.TOXIC.TO vs. ZCN.TOXIC.TO vs. VCE.TOXIC.TO vs. XEF.TOXIC.TO vs. VEQT.TOXIC.TO vs. VO

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

ENCL.TO has a 1.86% expense ratio, which is higher than XIC.TO's 0.06% expense ratio.

ENCL.TO
Global X Enhanced Canadian Oil and Gas Equity Covered Call ETF CAD
XIC.TO
iShares Core S&P/TSX Capped Composite Index ETF

Return for Risk

ENCL.TO vs. XIC.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
XIC.TO
XIC.TO Risk / Return Rank: 9494
Overall Rank
XIC.TO Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
XIC.TO Sortino Ratio Rank: 9494
Sortino Ratio Rank
XIC.TO Omega Ratio Rank: 9595
Omega Ratio Rank
XIC.TO Calmar Ratio Rank: 9292
Calmar Ratio Rank
XIC.TO Martin Ratio Rank: 9595
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. XIC.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 Core S&P/TSX Capped Composite Index ETF (XIC.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.TOXIC.TODifference

Sharpe ratio

Return per unit of total volatility

1.90

2.27

-0.37

Sortino ratio

Return per unit of downside risk

2.26

2.87

-0.60

Omega ratio

Gain probability vs. loss probability

1.39

1.45

-0.06

Calmar ratio

Return relative to maximum drawdown

2.07

3.25

-1.18

Martin ratio

Return relative to average drawdown

8.06

14.62

-6.56

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. XIC.TO - Sharpe Ratio Comparison

The current ENCL.TO Sharpe Ratio is 1.90, which is comparable to the XIC.TO Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of ENCL.TO and XIC.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.TOXIC.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.90

2.27

-0.37

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

1.11

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.84

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.31

0.53

+0.78

Correlation

The correlation between ENCL.TO and XIC.TO is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

ENCL.TO vs. XIC.TO - Dividend Comparison

ENCL.TO's dividend yield for the trailing twelve months is around 13.37%, more than XIC.TO's 2.16% 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%
XIC.TO
iShares Core S&P/TSX Capped Composite Index ETF		2.16%2.23%2.64%2.95%3.10%2.44%3.03%3.01%3.19%2.49%2.72%3.21%

Drawdowns

ENCL.TO vs. XIC.TO - Drawdown Comparison

The maximum ENCL.TO drawdown since its inception was -21.05%, smaller than the maximum XIC.TO drawdown of -48.21%. Use the drawdown chart below to compare losses from any high point for ENCL.TO and XIC.TO.

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Drawdown Indicators

ENCL.TOXIC.TODifference

Max Drawdown

Largest peak-to-trough decline

-21.05%

-48.21%

+27.16%

Max Drawdown (1Y)

Largest decline over 1 year

-20.51%

-10.98%

-9.53%

Max Drawdown (5Y)

Largest decline over 5 years

—

-16.24%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-37.21%

—

Current Drawdown

Current decline from peak

0.00%

-4.95%

+4.95%

Average Drawdown

Average peak-to-trough decline

-3.96%

-7.08%

+3.12%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.27%

2.44%

+2.83%

Volatility

ENCL.TO vs. XIC.TO - Volatility Comparison

The current volatility for Global X Enhanced Canadian Oil and Gas Equity Covered Call ETF CAD (ENCL.TO) is 3.37%, while iShares Core S&P/TSX Capped Composite Index ETF (XIC.TO) has a volatility of 5.98%. This indicates that ENCL.TO experiences smaller price fluctuations and is considered to be less risky than XIC.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.TOXIC.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.37%

5.98%

-2.61%

Volatility (6M)

Calculated over the trailing 6-month period

12.00%

10.89%

+1.11%

Volatility (1Y)

Calculated over the trailing 1-year period

21.51%

15.30%

+6.21%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.52%

13.07%

+6.45%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.52%

14.93%

+4.59%