VFV.TO vs. ENCC.TO

Last updated Aug 4, 2026

VFV.TO (Vanguard S&P 500 Index ETF) and ENCC.TO (Global X Canadian Oil and Gas Equity Covered Call ETF) are both exchange-traded funds - VFV.TO is a S&P 500 fund tracking the S&P 500 Index, while ENCC.TO is a Derivative Income fund tracking the Mirae Asset Equal Weight Canadian Oil & Gas Index. Both are passively managed. Over the past 10 years, VFV.TO returned 15.57%/yr vs 8.77%/yr for ENCC.TO. Their 0.19 correlation means their historical movements had little consistent relationship. VFV.TO charges 0.09%/yr vs 0.92%/yr for ENCC.TO.

Performance

VFV.TO vs. ENCC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Vanguard S&P 500 Index ETF (VFV.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.

Returns By Period

In the year-to-date period, VFV.TO achieves a 12.34% return, which is significantly lower than ENCC.TO's 31.48% return. Over the past 10 years, VFV.TO has outperformed ENCC.TO with an annualized return of 15.57%, while ENCC.TO has yielded a comparatively lower 8.77% annualized return.

VFV.TO

• 1D: 0.85%
• 1M: -1.44%
• 6M: 10.58%
• YTD: 12.34%
• 1Y: 23.12%
• 3Y*: 21.24%
• 5Y*: 15.17%
• 10Y*: 15.57%
• ALL TIME*: 17.55%

ENCC.TO

• 1D: -0.54%
• 1M: 7.81%
• 6M: 25.10%
• YTD: 31.48%
• 1Y: 41.56%
• 3Y*: 21.55%
• 5Y*: 27.81%
• 10Y*: 8.77%
• ALL TIME*: -1.75%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ENCC.TO Global X Canadian Oil and Gas Equity Covered Call ETF	CA$1.63M	CA$1.50M	CA$2.06M
VFV.TO Vanguard S&P 500 Index ETF	CA$58.20M	CA$52.80M	CA$53.83M

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VFV.TO Vanguard S&P 500 Index ETF	12.34%	12.18%	35.23%	23.23%	-12.58%	27.51%	15.61%	25.14%	2.95%	13.69%
ENCC.TO Global X Canadian Oil and Gas Equity Covered Call ETF	31.48%	13.13%	17.39%	5.72%	41.32%	80.54%	-27.98%	6.56%	-30.99%	-18.47%

Correlation

The correlation between VFV.TO and ENCC.TO is -0.21, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.21
Correlation (3Y) Balances recent behavior with more history.	0.06
Correlation (5Y) Shows whether the relationship held over a longer period.	0.14
Correlation (10Y) Provides a long-term view across more market conditions.	0.19
Correlation (All Time) Calculated using the full available price history since Nov 8, 2012	0.19

The correlation between VFV.TO and ENCC.TO shifts across timeframes, from -0.21 (1 year) to 0.19 (10 years), reflecting how their relationship changes across market environments.

VFV.TO vs. ENCC.TO - Sectors Allocation Comparison

Sectors	VFV.TO	ENCC.TO
Technology	39.1%	-
Financial Services	10.9%	-
Communication Services	10.7%	-
Consumer Cyclical	9.9%	-
Healthcare	8.3%	-
Industrials	7.8%	-
Consumer Defensive	4.5%	-
Energy	3.1%	100.0%
Utilities	2.1%	-
Real Estate	1.8%	-
Basic Materials	1.7%	-

Return for Risk

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

Compare historical risk-adjusted metric ranks over the past 12 months.

VFV.TO

VFV.TO Risk / Return Rank: 70
VFV.TO Sharpe Ratio Rank: 72
VFV.TO Sortino Ratio Rank: 70
VFV.TO Omega Ratio Rank: 71
VFV.TO Calmar Ratio Rank: 68
VFV.TO Martin Ratio Rank: 71

ENCC.TO

ENCC.TO Risk / Return Rank: 92
ENCC.TO Sharpe Ratio Rank: 94
ENCC.TO Sortino Ratio Rank: 92
ENCC.TO Omega Ratio Rank: 92
ENCC.TO Calmar Ratio Rank: 94
ENCC.TO Martin Ratio Rank: 88

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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

This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 Index ETF (VFV.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.

	VFV.TO	ENCC.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.67	2.66	-0.99
Sortino ratio: Return per unit of downside risk	2.31	3.45	-1.14
Omega ratio: Gain probability vs. loss probability	1.30	1.46	-0.16
Calmar ratio: Return relative to maximum drawdown	2.40	4.83	-2.43
Martin ratio: Return relative to average drawdown	8.81	13.84	-5.03

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

The current VFV.TO Sharpe Ratio is 1.67, which is lower than the ENCC.TO Sharpe Ratio of 2.66. The chart below compares the historical Sharpe Ratios of VFV.TO 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.

Drawdowns

VFV.TO vs. ENCC.TO - Drawdown Comparison

The maximum VFV.TO drawdown since its inception was -27.43%, smaller than the maximum ENCC.TO drawdown of -93.29%. Use the drawdown chart below to compare losses from any high point for VFV.TO and ENCC.TO.

Drawdown Indicators

	VFV.TO	ENCC.TO	Difference
Max Drawdown Largest peak-to-trough decline	-27.43%	-93.29%	+65.86%
Max Drawdown (1Y) Largest decline over 1 year	-8.62%	-8.48%	-0.14%
Max Drawdown (3Y) Largest decline over 3 years	-19.05%	-16.67%	-2.38%
Max Drawdown (5Y) Largest decline over 5 years	-22.19%	-25.58%	+3.39%
Max Drawdown (10Y) Largest decline over 10 years	-27.43%	-82.15%	+54.72%
Current Drawdown Current decline from peak	-2.00%	-24.31%	+22.31%
Average Drawdown Average peak-to-trough decline	-3.33%	-55.78%	+52.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.35%	2.95%	-0.60%

Volatility

VFV.TO vs. ENCC.TO - Volatility Comparison

The current volatility for Vanguard S&P 500 Index ETF (VFV.TO) is 3.76%, while Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC.TO) has a volatility of 5.50%. This indicates that VFV.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

	VFV.TO	ENCC.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.76%	5.50%	-1.74%
Volatility (6M) Calculated over the trailing 6-month period	9.67%	12.71%	-3.04%
Volatility (1Y) Calculated over the trailing 1-year period	12.42%	15.41%	-2.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.09%	22.54%	-7.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.60%	29.01%	-12.41%

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

VFV.TO has a 0.09% expense ratio, which is lower than ENCC.TO's 0.92% expense ratio.

Dividends

VFV.TO vs. ENCC.TO - Dividend Comparison

VFV.TO's dividend yield for the trailing twelve months is around 0.85%, less than ENCC.TO's 11.09% yield.

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	11.09%	13.62%	14.58%	14.87%	12.55%	4.23%	5.10%	6.11%	8.37%	6.93%	4.34%	3.03%
VFV.TO Vanguard S&P 500 Index ETF	0.85%	0.92%	0.99%	1.20%	1.31%	1.06%	1.33%	1.55%	1.69%	1.51%	1.65%	1.63%

Frequently Asked Questions

Can I hold both VFV.TO and ENCC.TO in my portfolio?

VFV.TO and ENCC.TO have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VFV.TO or ENCC.TO?

On fees, VFV.TO is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VFV.TO or ENCC.TO?

VFV.TO is cheaper with a 0.09% expense ratio, compared with 0.92% for ENCC.TO.

What is the main difference between VFV.TO and ENCC.TO?

VFV.TO is categorized as S&P 500, while ENCC.TO is Derivative Income. VFV.TO tracks S&P 500 Index, while ENCC.TO tracks Mirae Asset Equal Weight Canadian Oil & Gas Index. They also come from different issuers: Vanguard and Global X. Their fees differ too: 0.09% for VFV.TO and 0.92% for ENCC.TO.