JEPQ.TO vs. ENCL.TO
Compare and contrast key facts about JPMorgan Nasdaq Equity Premium Income Active ETF (JEPQ.TO) and Global X Enhanced Canadian Oil and Gas Equity Covered Call ETF CAD (ENCL.TO).
JEPQ.TO and ENCL.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JEPQ.TO is an actively managed fund by JPMorgan. It was launched on Sep 27, 2024. ENCL.TO is an actively managed fund by Global X. It was launched on Oct 10, 2023.
Performance
JEPQ.TO vs. ENCL.TO - Performance Comparison
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JEPQ.TO vs. ENCL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
JEPQ.TO JPMorgan Nasdaq Equity Premium Income Active ETF | -1.52% | 10.46% | 15.40% |
ENCL.TO Global X Enhanced Canadian Oil and Gas Equity Covered Call ETF CAD | 30.98% | 14.97% | 0.22% |
Returns By Period
In the year-to-date period, JEPQ.TO achieves a -1.52% return, which is significantly lower than ENCL.TO's 30.98% return.
JEPQ.TO
- 1D
- 3.31%
- 1M
- -1.63%
- YTD
- -1.52%
- 6M
- 1.85%
- 1Y
- 16.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ENCL.TO
- 1D
- 0.00%
- 1M
- 11.87%
- YTD
- 30.98%
- 6M
- 32.30%
- 1Y
- 40.62%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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JEPQ.TO vs. ENCL.TO - Expense Ratio Comparison
JEPQ.TO has a 0.35% expense ratio, which is lower than ENCL.TO's 1.86% expense ratio.
Return for Risk
JEPQ.TO vs. ENCL.TO — Risk / Return Rank
JEPQ.TO
ENCL.TO
JEPQ.TO vs. ENCL.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Nasdaq Equity Premium Income Active ETF (JEPQ.TO) and Global X Enhanced Canadian Oil and Gas Equity Covered Call ETF CAD (ENCL.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.
| JEPQ.TO | ENCL.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.86 | 1.90 | -1.04 |
Sortino ratioReturn per unit of downside risk | 1.29 | 2.26 | -0.97 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.39 | -0.19 |
Calmar ratioReturn relative to maximum drawdown | 1.40 | 2.07 | -0.67 |
Martin ratioReturn relative to average drawdown | 5.82 | 8.06 | -2.24 |
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
| JEPQ.TO | ENCL.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 1.90 | -1.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.92 | 1.31 | -0.39 |
Correlation
The correlation between JEPQ.TO and ENCL.TO is 0.12, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
JEPQ.TO vs. ENCL.TO - Dividend Comparison
JEPQ.TO's dividend yield for the trailing twelve months is around 10.53%, less than ENCL.TO's 13.37% yield.
| TTM | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
JEPQ.TO JPMorgan Nasdaq Equity Premium Income Active ETF | 10.53% | 10.34% | 5.50% | 0.00% |
ENCL.TO Global X Enhanced Canadian Oil and Gas Equity Covered Call ETF CAD | 13.37% | 17.14% | 18.56% | 4.68% |
Drawdowns
JEPQ.TO vs. ENCL.TO - Drawdown Comparison
The maximum JEPQ.TO drawdown since its inception was -20.05%, roughly equal to the maximum ENCL.TO drawdown of -21.05%. Use the drawdown chart below to compare losses from any high point for JEPQ.TO and ENCL.TO.
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Drawdown Indicators
| JEPQ.TO | ENCL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.05% | -21.05% | +1.00% |
Max Drawdown (1Y)Largest decline over 1 year | -11.99% | -20.51% | +8.52% |
Current DrawdownCurrent decline from peak | -4.69% | 0.00% | -4.69% |
Average DrawdownAverage peak-to-trough decline | -3.68% | -3.96% | +0.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 5.27% | -2.38% |
Volatility
JEPQ.TO vs. ENCL.TO - Volatility Comparison
JPMorgan Nasdaq Equity Premium Income Active ETF (JEPQ.TO) has a higher volatility of 5.95% compared to Global X Enhanced Canadian Oil and Gas Equity Covered Call ETF CAD (ENCL.TO) at 3.37%. This indicates that JEPQ.TO's price experiences larger fluctuations and is considered to be riskier than ENCL.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JEPQ.TO | ENCL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.95% | 3.37% | +2.58% |
Volatility (6M)Calculated over the trailing 6-month period | 10.78% | 12.00% | -1.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.97% | 21.51% | -2.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.91% | 19.52% | -1.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.91% | 19.52% | -1.61% |