TQQQ.TO vs. ENCC.TO
TQQQ.TO (BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF) and ENCC.TO (Global X Canadian Oil and Gas Equity Covered Call ETF) are both exchange-traded funds - TQQQ.TO is a Nasdaq-100 fund tracking the Nasdaq-100 Index, while ENCC.TO is a Derivative Income fund actively managed by Global X. TQQQ.TO is passively managed, while ENCC.TO is actively managed. Over the past year, TQQQ.TO returned 93.21% vs 34.49% for ENCC.TO. At a correlation of -0.19, they often move in opposite directions.
Performance
TQQQ.TO vs. ENCC.TO - Performance Comparison
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Returns By Period
In the year-to-date period, TQQQ.TO achieves a 38.31% return, which is significantly higher than ENCC.TO's 24.43% return.
TQQQ.TO
- 1D
- -10.09%
- 1M
- -4.73%
- YTD
- 38.31%
- 6M
- 32.51%
- 1Y
- 93.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ENCC.TO
- 1D
- 0.64%
- 1M
- -4.83%
- YTD
- 24.43%
- 6M
- 25.49%
- 1Y
- 34.49%
- 3Y*
- 22.40%
- 5Y*
- 23.41%
- 10Y*
- 8.31%
TQQQ.TO vs. ENCC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TQQQ.TO BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF | 38.31% | 38.56% |
ENCC.TO Global X Canadian Oil and Gas Equity Covered Call ETF | 24.43% | 7.17% |
Correlation
The correlation between TQQQ.TO and ENCC.TO is -0.19, 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 (1Y) Calculated over the trailing 1-year period | -0.19 |
Correlation (All Time) Calculated using the full available price history since Jun 17, 2025 | -0.19 |
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Return for Risk
TQQQ.TO vs. ENCC.TO — Risk / Return Rank
TQQQ.TO
ENCC.TO
TQQQ.TO vs. ENCC.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF (TQQQ.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TQQQ.TO | ENCC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.63 | ||
| Sortino ratioReturn per unit of downside risk | -0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.42 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.46 | 4.09 | -1.63 |
| Martin ratioReturn relative to average drawdown | 7.67 | 13.56 | -5.90 |
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Drawdowns
TQQQ.TO vs. ENCC.TO - Drawdown Comparison
The maximum TQQQ.TO drawdown since its inception was -38.15%, smaller than the maximum ENCC.TO drawdown of -93.29%. Use the drawdown chart below to compare losses from any high point for TQQQ.TO and ENCC.TO.
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Drawdown Indicators
| TQQQ.TO | ENCC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.15% | -93.29% | +55.14% |
Max Drawdown (1Y)Largest decline over 1 year | -38.15% | -8.48% | -29.67% |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.67% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.58% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -82.15% | — |
Current DrawdownCurrent decline from peak | -14.99% | -28.36% | +13.37% |
Average DrawdownAverage peak-to-trough decline | -8.56% | -55.98% | +47.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.20% | 2.56% | +9.64% |
Volatility
TQQQ.TO vs. ENCC.TO - Volatility Comparison
BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF (TQQQ.TO) has a higher volatility of 27.08% compared to Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC.TO) at 5.30%. This indicates that TQQQ.TO's price experiences larger fluctuations and is considered to be riskier than ENCC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TQQQ.TO | ENCC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.08% | 5.30% | +21.78% |
Volatility (6M)Calculated over the trailing 6-month period | 43.38% | 12.33% | +31.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.25% | 14.53% | +38.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.03% | 22.97% | +30.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.03% | 29.02% | +24.01% |
Dividends
TQQQ.TO vs. ENCC.TO - Dividend Comparison
TQQQ.TO has not paid dividends to shareholders, while ENCC.TO's dividend yield for the trailing twelve months is around 11.50%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENCC.TO Global X Canadian Oil and Gas Equity Covered Call ETF | 11.50% | 13.62% | 14.58% | 14.87% | 12.55% | 4.23% | 5.10% | 6.11% | 8.37% | 6.93% | 4.34% | 3.03% |
TQQQ.TO BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TQQQ.TO and ENCC.TO have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TQQQ.TO is categorized as Nasdaq-100, while ENCC.TO is Derivative Income.
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