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IDVO vs. ENCC.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IDVO vs. ENCC.TO

Last updated Jun 9, 2026

IDVO (Amplify CWP International Enhanced Dividend Income ETF) and ENCC.TO (Global X Canadian Oil and Gas Equity Covered Call ETF) are both Derivative Income funds. Both are actively managed. Over the past 3 years, IDVO returned 22.06%/yr vs 20.52%/yr for ENCC.TO. At a 0.38 correlation, their price movements are largely independent. IDVO charges 0.65%/yr vs 0.76%/yr for ENCC.TO.

Performance

IDVO vs. ENCC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify CWP International Enhanced Dividend Income ETF (IDVO) and Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC.TO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

IDVO is traded in USD, while ENCC.TO is traded in CAD. To make them comparable, the ENCC.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, IDVO achieves a 11.49% return, which is significantly lower than ENCC.TO's 25.92% return.

IDVO

1D
0.24%
1M
-2.10%
YTD
11.49%
6M
12.59%
1Y
31.78%
3Y*
22.06%
5Y*
—
10Y*
—

ENCC.TO

1D
0.35%
1M
2.31%
YTD
25.92%
6M
24.63%
1Y
38.16%
3Y*
20.52%
5Y*
21.64%
10Y*
7.53%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IDVO vs. ENCC.TO - Yearly Performance Comparison

2026 (YTD)2025202420232022
IDVO
Amplify CWP International Enhanced Dividend Income ETF		11.49%36.46%10.16%17.53%5.47%
ENCC.TO
Global X Canadian Oil and Gas Equity Covered Call ETF		25.92%18.54%8.23%8.29%-0.10%

Correlation

The correlation between IDVO and ENCC.TO is 0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.00

Correlation (3Y)
Calculated over the trailing 3-year period

0.30

Correlation (All Time)
Calculated using the full available price history since Sep 9, 2022

0.38

Over the past year, the correlation between IDVO and ENCC.TO has dropped to 0.00 - well below their long-term average of 0.38, suggesting their price drivers have been diverging.

IDVO vs. ENCC.TO - Sectors Allocation Comparison

Sectors
IDVO
ENCC.TO

Financial Services

18.3%

-

Basic Materials

15.7%

-

Energy

12.1%
100.0%

Industrials

9.8%

-

Communication Services

9.1%

-

Technology

8.7%

-

Healthcare

8.3%

-

Consumer Defensive

7.5%

-

Utilities

6.4%

-

Consumer Cyclical

4.2%

-

Real Estate

-

-

Financial Services

IDVO
18.3%
ENCC.TO

-

Basic Materials

IDVO
15.7%
ENCC.TO

-

Energy

IDVO
12.1%
ENCC.TO
100.0%

Industrials

IDVO
9.8%
ENCC.TO

-

Communication Services

IDVO
9.1%
ENCC.TO

-

Technology

IDVO
8.7%
ENCC.TO

-

Healthcare

IDVO
8.3%
ENCC.TO

-

Consumer Defensive

IDVO
7.5%
ENCC.TO

-

Utilities

IDVO
6.4%
ENCC.TO

-

Consumer Cyclical

IDVO
4.2%
ENCC.TO

-

Real Estate

IDVO

-

ENCC.TO

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Amplify CWP International Enhanced Dividend Income ETF

Global X Canadian Oil and Gas Equity Covered Call ETF

Often compared with IDVO:
IDVO vs. DIVOIDVO vs. SCHYIDVO vs. VXUSIDVO vs. NIHIIDVO vs. DIVIIDVO vs. AVDVIDVO vs. JEPQ
Often compared with ENCC.TO:
ENCC.TO vs. ENCL.TOENCC.TO vs. EMAX.TOENCC.TO vs. ZEOENCC.TO vs. HMAX.TOENCC.TO vs. XDIV.TOENCC.TO vs. XEQT.TOENCC.TO vs. ENS.TO

Return for Risk

IDVO vs. ENCC.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IDVO
IDVO Risk / Return Rank: 6767
Overall Rank
IDVO Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
IDVO Sortino Ratio Rank: 6464
Sortino Ratio Rank
IDVO Omega Ratio Rank: 6767
Omega Ratio Rank
IDVO Calmar Ratio Rank: 6868
Calmar Ratio Rank
IDVO Martin Ratio Rank: 7070
Martin Ratio Rank
ENCC.TO
ENCC.TO Risk / Return Rank: 8989
Overall Rank
ENCC.TO Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
ENCC.TO Sortino Ratio Rank: 8989
Sortino Ratio Rank
ENCC.TO Omega Ratio Rank: 8989
Omega Ratio Rank
ENCC.TO Calmar Ratio Rank: 8989
Calmar Ratio Rank
ENCC.TO Martin Ratio Rank: 8787
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.

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

This table presents a comparison of risk-adjusted performance metrics for Amplify CWP International Enhanced Dividend Income ETF (IDVO) 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.

IDVOENCC.TODifference
Sharpe ratioReturn per unit of total volatility
2.00
2.57

-0.57

Sortino ratioReturn per unit of downside risk
2.67
3.30

-0.63

Omega ratioGain probability vs. loss probability

1.36

1.43

-0.06

Calmar ratioReturn relative to maximum drawdown

3.08

5.14

-2.06

Martin ratioReturn relative to average drawdown

11.84

15.24

-3.40

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IDVO vs. ENCC.TO - Sharpe Ratio Comparison

The current IDVO Sharpe Ratio is 2.00, which is comparable to the ENCC.TO Sharpe Ratio of 2.57. The chart below compares the historical Sharpe Ratios of IDVO and ENCC.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

IDVOENCC.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.00

2.57

-0.57

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.90

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.25

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.32

-0.15

+1.47

Drawdowns

IDVO vs. ENCC.TO - Drawdown Comparison

The maximum IDVO drawdown since its inception was -15.46%, smaller than the maximum ENCC.TO drawdown of -95.55%. Use the drawdown chart below to compare losses from any high point for IDVO and ENCC.TO.

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Drawdown Indicators

IDVOENCC.TODifference

Max Drawdown

Largest peak-to-trough decline

-15.46%

-95.55%

+80.09%

Max Drawdown (1Y)

Largest decline over 1 year

-10.37%

-7.46%

-2.91%

Max Drawdown (3Y)

Largest decline over 3 years

-15.46%

-18.42%

+2.96%

Max Drawdown (5Y)

Largest decline over 5 years

—

-31.30%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-83.55%

—

Current Drawdown

Current decline from peak

-3.52%

-49.96%

+46.44%

Average Drawdown

Average peak-to-trough decline

-2.30%

-65.16%

+62.86%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.69%

2.51%

+0.18%

Volatility

IDVO vs. ENCC.TO - Volatility Comparison

Amplify CWP International Enhanced Dividend Income ETF (IDVO) and Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC.TO) have volatilities of 5.30% and 5.32%, 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

IDVOENCC.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.30%

5.32%

-0.02%

Volatility (6M)

Calculated over the trailing 6-month period

13.50%

12.71%

+0.79%

Volatility (1Y)

Calculated over the trailing 1-year period

16.02%

14.97%

+1.05%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.43%

24.11%

-7.68%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.43%

30.17%

-13.74%

IDVO vs. ENCC.TO - Expense Ratio Comparison

IDVO has a 0.65% expense ratio, which is lower than ENCC.TO's 0.76% expense ratio.

Dividends

IDVO vs. ENCC.TO - Dividend Comparison

IDVO's dividend yield for the trailing twelve months is around 5.61%, less than ENCC.TO's 11.16% yield.

PositionTTM20252024202320222021202020192018201720162015
ENCC.TO
Global X Canadian Oil and Gas Equity Covered Call ETF		11.16%13.62%14.58%14.87%12.55%4.23%5.10%6.11%8.37%6.93%4.34%3.03%
IDVO
Amplify CWP International Enhanced Dividend Income ETF		5.61%5.42%6.14%5.72%1.96%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

IDVO and ENCC.TO have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IDVO is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IDVO is cheaper with a 0.65% expense ratio, compared with 0.76% for ENCC.TO.

They also come from different issuers: Amplify and Global X. Their fees differ too: 0.65% for IDVO and 0.76% for ENCC.TO.

Portfolio Optimizer

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