HPYT.TO vs. ENCC.TO

Last updated Apr 2, 2026

Compare and contrast key facts about Harvest Premium Yield Treasury ETF A (HPYT.TO) and Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC.TO).

HPYT.TO and ENCC.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HPYT.TO is an actively managed fund by Harvest. It was launched on May 30, 2024. ENCC.TO is an actively managed fund by Global X. It was launched on Apr 11, 2011.

Performance

HPYT.TO vs. ENCC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Harvest Premium Yield Treasury ETF A (HPYT.TO) and Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC.TO). The values are adjusted to include any dividend payments, if applicable.

HPYT.TO vs. ENCC.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
HPYT.TO Harvest Premium Yield Treasury ETF A	-0.23%	4.39%	-5.96%	4.46%
ENCC.TO Global X Canadian Oil and Gas Equity Covered Call ETF	19.85%	13.13%	17.39%	-2.82%

Returns By Period

In the year-to-date period, HPYT.TO achieves a -0.23% return, which is significantly lower than ENCC.TO's 19.85% return.

HPYT.TO

• 1D: -0.31%
• 1M: -3.00%
• YTD: -0.23%
• 6M: -1.42%
• 1Y: -1.12%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ENCC.TO

• 1D: -2.61%
• 1M: 4.16%
• YTD: 19.85%
• 6M: 21.20%
• 1Y: 27.67%
• 3Y*: 20.32%
• 5Y*: 26.65%
• 10Y*: 8.99%

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

HPYT.TO vs. ENCC.TO - Expense Ratio Comparison

HPYT.TO has a 0.45% expense ratio, which is lower than ENCC.TO's 0.76% expense ratio.

ENCC.TO

Global X Canadian Oil and Gas Equity Covered Call ETF

HPYT.TO

Harvest Premium Yield Treasury ETF A

Return for Risk

HPYT.TO vs. ENCC.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HPYT.TO

HPYT.TO Risk / Return Rank: 10
HPYT.TO Sharpe Ratio Rank: 9
HPYT.TO Sortino Ratio Rank: 8
HPYT.TO Omega Ratio Rank: 8
HPYT.TO Calmar Ratio Rank: 11
HPYT.TO Martin Ratio Rank: 11

ENCC.TO

ENCC.TO Risk / Return Rank: 73
ENCC.TO Sharpe Ratio Rank: 81
ENCC.TO Sortino Ratio Rank: 75
ENCC.TO Omega Ratio Rank: 83
ENCC.TO Calmar Ratio Rank: 63
ENCC.TO Martin Ratio Rank: 64

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.

HPYT.TO vs. ENCC.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harvest Premium Yield Treasury ETF A (HPYT.TO) and Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC.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.

	HPYT.TO	ENCC.TO	Difference
Sharpe ratio Return per unit of total volatility	-0.12	1.59	-1.71
Sortino ratio Return per unit of downside risk	-0.09	1.98	-2.07
Omega ratio Gain probability vs. loss probability	0.99	1.33	-0.35
Calmar ratio Return relative to maximum drawdown	-0.03	1.69	-1.72
Martin ratio Return relative to average drawdown	-0.06	6.80	-6.86
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HPYT.TO vs. ENCC.TO - Sharpe Ratio Comparison

The current HPYT.TO Sharpe Ratio is -0.12, which is lower than the ENCC.TO Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of HPYT.TO and ENCC.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.

Sharpe Ratios by Period

	HPYT.TO	ENCC.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.12	1.59	-1.71
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.15	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.31	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.08	0.00	+0.08

Correlation

The correlation between HPYT.TO and ENCC.TO is -0.04. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

HPYT.TO vs. ENCC.TO - Dividend Comparison

HPYT.TO's dividend yield for the trailing twelve months is around 18.19%, more than ENCC.TO's 11.72% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HPYT.TO Harvest Premium Yield Treasury ETF A	18.19%	18.87%	18.61%	3.71%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ENCC.TO Global X Canadian Oil and Gas Equity Covered Call ETF	11.72%	13.62%	14.58%	14.87%	12.55%	4.23%	5.10%	6.09%	8.35%	6.92%	4.77%	15.15%

Drawdowns

HPYT.TO vs. ENCC.TO - Drawdown Comparison

The maximum HPYT.TO drawdown since its inception was -13.17%, smaller than the maximum ENCC.TO drawdown of -89.91%. Use the drawdown chart below to compare losses from any high point for HPYT.TO and ENCC.TO.

Drawdown Indicators

	HPYT.TO	ENCC.TO	Difference
Max Drawdown Largest peak-to-trough decline	-13.17%	-89.91%	+76.74%
Max Drawdown (1Y) Largest decline over 1 year	-7.76%	-16.61%	+8.85%
Max Drawdown (5Y) Largest decline over 5 years	—	-25.57%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-82.16%	—
Current Drawdown Current decline from peak	-7.27%	-3.53%	-3.74%
Average Drawdown Average peak-to-trough decline	-5.76%	-40.24%	+34.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.43%	4.13%	-0.70%

Volatility

HPYT.TO vs. ENCC.TO - Volatility Comparison

The current volatility for Harvest Premium Yield Treasury ETF A (HPYT.TO) is 3.34%, while Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC.TO) has a volatility of 4.22%. This indicates that HPYT.TO experiences smaller price fluctuations and is considered to be less risky than ENCC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HPYT.TO	ENCC.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.34%	4.22%	-0.88%
Volatility (6M) Calculated over the trailing 6-month period	5.59%	10.01%	-4.42%
Volatility (1Y) Calculated over the trailing 1-year period	9.53%	17.49%	-7.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.05%	23.26%	-12.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.05%	29.05%	-18.00%