ETSX.TO vs. CNCL.TO
Compare and contrast key facts about Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged (ETSX.TO) and Global X Enhanced S&P/TSX 60 Covered Call ETF (CNCL.TO).
ETSX.TO and CNCL.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ETSX.TO is a passively managed fund by Evolve that tracks the performance of the S&P/TSX 60. It was launched on Jan 9, 2023. CNCL.TO is a passively managed fund by Global X that tracks the performance of the S&P/TSX 60. It was launched on Jul 5, 2023. Both ETSX.TO and CNCL.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
ETSX.TO vs. CNCL.TO - Performance Comparison
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ETSX.TO vs. CNCL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ETSX.TO Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged | 0.82% | 25.93% | 18.50% | 5.63% |
CNCL.TO Global X Enhanced S&P/TSX 60 Covered Call ETF | 0.31% | 22.73% | 17.93% | 4.66% |
Returns By Period
In the year-to-date period, ETSX.TO achieves a 0.82% return, which is significantly higher than CNCL.TO's 0.31% return.
ETSX.TO
- 1D
- 1.29%
- 1M
- -4.15%
- YTD
- 0.82%
- 6M
- 7.20%
- 1Y
- 27.15%
- 3Y*
- 16.81%
- 5Y*
- —
- 10Y*
- —
CNCL.TO
- 1D
- 0.91%
- 1M
- -5.41%
- YTD
- 0.31%
- 6M
- 6.80%
- 1Y
- 23.05%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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ETSX.TO vs. CNCL.TO - Expense Ratio Comparison
ETSX.TO has a 0.45% expense ratio, which is lower than CNCL.TO's 0.65% expense ratio.
Return for Risk
ETSX.TO vs. CNCL.TO — Risk / Return Rank
ETSX.TO
CNCL.TO
ETSX.TO vs. CNCL.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged (ETSX.TO) and Global X Enhanced S&P/TSX 60 Covered Call ETF (CNCL.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.
| ETSX.TO | CNCL.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.01 | 1.64 | +0.37 |
Sortino ratioReturn per unit of downside risk | 2.72 | 2.11 | +0.62 |
Omega ratioGain probability vs. loss probability | 1.41 | 1.35 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 2.41 | 1.72 | +0.69 |
Martin ratioReturn relative to average drawdown | 11.88 | 8.96 | +2.92 |
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
| ETSX.TO | CNCL.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.01 | 1.64 | +0.37 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.34 | 1.32 | +0.02 |
Correlation
The correlation between ETSX.TO and CNCL.TO is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
ETSX.TO vs. CNCL.TO - Dividend Comparison
ETSX.TO's dividend yield for the trailing twelve months is around 8.77%, more than CNCL.TO's 8.36% yield.
| TTM | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ETSX.TO Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged | 8.77% | 9.39% | 9.20% | 9.92% |
CNCL.TO Global X Enhanced S&P/TSX 60 Covered Call ETF | 8.36% | 9.15% | 11.88% | 6.29% |
Drawdowns
ETSX.TO vs. CNCL.TO - Drawdown Comparison
The maximum ETSX.TO drawdown since its inception was -12.23%, smaller than the maximum CNCL.TO drawdown of -13.75%. Use the drawdown chart below to compare losses from any high point for ETSX.TO and CNCL.TO.
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Drawdown Indicators
| ETSX.TO | CNCL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.23% | -13.75% | +1.52% |
Max Drawdown (1Y)Largest decline over 1 year | -9.97% | -12.35% | +2.38% |
Current DrawdownCurrent decline from peak | -4.81% | -5.41% | +0.60% |
Average DrawdownAverage peak-to-trough decline | -1.69% | -1.57% | -0.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 2.37% | -0.35% |
Volatility
ETSX.TO vs. CNCL.TO - Volatility Comparison
Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged (ETSX.TO) and Global X Enhanced S&P/TSX 60 Covered Call ETF (CNCL.TO) have volatilities of 5.04% and 5.04%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETSX.TO | CNCL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.04% | 5.04% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 9.12% | 9.91% | -0.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.83% | 14.24% | -0.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.75% | 12.55% | -0.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.75% | 12.55% | -0.80% |