EQCC.TO vs. CNQE.TO
EQCC.TO (Global X All-Equity Asset Allocation Covered Call ETF) and CNQE.TO (Harvest CNQ Enhanced High Income Shares ETF) are both Derivative Income funds. Both are actively managed. At a correlation of -0.14, they often move in opposite directions. EQCC.TO charges 0.65%/yr vs 0.40%/yr for CNQE.TO.
Performance
EQCC.TO vs. CNQE.TO - Performance Comparison
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Returns By Period
In the year-to-date period, EQCC.TO achieves a 10.59% return, which is significantly lower than CNQE.TO's 38.88% return.
EQCC.TO
- 1D
- 0.09%
- 1M
- 5.28%
- YTD
- 10.59%
- 6M
- 10.46%
- 1Y
- 25.89%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CNQE.TO
- 1D
- -0.34%
- 1M
- 1.72%
- YTD
- 38.88%
- 6M
- 34.99%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EQCC.TO vs. CNQE.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EQCC.TO Global X All-Equity Asset Allocation Covered Call ETF | 10.59% | 6.79% |
CNQE.TO Harvest CNQ Enhanced High Income Shares ETF | 38.88% | 13.80% |
Correlation
The correlation between EQCC.TO and CNQE.TO 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 Aug 22, 2025 | -0.14 |
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Return for Risk
EQCC.TO vs. CNQE.TO — Risk / Return Rank
EQCC.TO
CNQE.TO
EQCC.TO vs. CNQE.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X All-Equity Asset Allocation Covered Call ETF (EQCC.TO) and Harvest CNQ Enhanced High Income Shares ETF (CNQE.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.
| EQCC.TO | CNQE.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.51 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.55 | — | — |
| Martin ratioReturn relative to average drawdown | 13.98 | — | — |
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
| EQCC.TO | CNQE.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.21 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.31 | 2.45 | -1.13 |
Drawdowns
EQCC.TO vs. CNQE.TO - Drawdown Comparison
The maximum EQCC.TO drawdown since its inception was -15.94%, smaller than the maximum CNQE.TO drawdown of -18.22%. Use the drawdown chart below to compare losses from any high point for EQCC.TO and CNQE.TO.
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Drawdown Indicators
| EQCC.TO | CNQE.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.94% | -18.22% | +2.28% |
Max Drawdown (1Y)Largest decline over 1 year | -7.32% | — | — |
Current DrawdownCurrent decline from peak | -2.00% | -6.40% | +4.40% |
Average DrawdownAverage peak-to-trough decline | -1.73% | -4.14% | +2.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.86% | — | — |
Volatility
EQCC.TO vs. CNQE.TO - Volatility Comparison
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Volatility by Period
| EQCC.TO | CNQE.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.55% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 9.52% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 11.76% | 33.04% | -21.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.99% | 33.04% | -19.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.99% | 33.04% | -19.05% |
EQCC.TO vs. CNQE.TO - Expense Ratio Comparison
EQCC.TO has a 0.65% expense ratio, which is higher than CNQE.TO's 0.40% expense ratio.
Dividends
EQCC.TO vs. CNQE.TO - Dividend Comparison
EQCC.TO's dividend yield for the trailing twelve months is around 8.86%, less than CNQE.TO's 9.43% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
CNQE.TO Harvest CNQ Enhanced High Income Shares ETF | 9.43% | 4.42% | 0.00% |
EQCC.TO Global X All-Equity Asset Allocation Covered Call ETF | 8.86% | 9.43% | 5.38% |
Frequently Asked Questions
EQCC.TO and CNQE.TO 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.
On fees, CNQE.TO is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CNQE.TO is cheaper with a 0.40% expense ratio, compared with 0.65% for EQCC.TO.
They also come from different issuers: Global X and Harvest. Their fees differ too: 0.65% for EQCC.TO and 0.40% for CNQE.TO.
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