XCHP.TO vs. ENCL.TO
XCHP.TO (iShares Semiconductor Index ETF) and ENCL.TO (Global X Enhanced Canadian Oil and Gas Equity Covered Call ETF CAD) are both exchange-traded funds - XCHP.TO is a Semiconductors fund tracking the NYSE Semiconductor Index, while ENCL.TO is a Energy Equities fund actively managed by Global X. XCHP.TO is passively managed, while ENCL.TO is actively managed. Over the past year, XCHP.TO returned 174.83% vs 43.18% for ENCL.TO. At a 0.09 correlation, their price movements are largely independent. XCHP.TO charges 0.39%/yr vs 1.86%/yr for ENCL.TO.
Performance
XCHP.TO vs. ENCL.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XCHP.TO achieves a 107.37% return, which is significantly higher than ENCL.TO's 30.80% return.
XCHP.TO
- 1D
- -7.52%
- 1M
- 15.53%
- YTD
- 107.37%
- 6M
- 104.94%
- 1Y
- 174.83%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ENCL.TO
- 1D
- 1.40%
- 1M
- -5.96%
- YTD
- 30.80%
- 6M
- 32.16%
- 1Y
- 43.18%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XCHP.TO vs. ENCL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XCHP.TO iShares Semiconductor Index ETF | 107.37% | 32.93% | 21.39% | 17.35% |
ENCL.TO Global X Enhanced Canadian Oil and Gas Equity Covered Call ETF CAD | 30.80% | 14.97% | 20.32% | -11.68% |
Correlation
The correlation between XCHP.TO and ENCL.TO is -0.03, 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 | -0.03 |
Correlation (All Time) Calculated using the full available price history since Oct 11, 2023 | 0.09 |
The correlation between XCHP.TO and ENCL.TO shifts across timeframes, from -0.03 (1 year) to 0.09 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XCHP.TO vs. ENCL.TO — Risk / Return Rank
XCHP.TO
ENCL.TO
XCHP.TO vs. ENCL.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Semiconductor Index ETF (XCHP.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.
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.
| XCHP.TO | ENCL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.25 | ||
| Sortino ratioReturn per unit of downside risk | +1.47 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 1.41 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 12.37 | 4.03 | +8.34 |
| Martin ratioReturn relative to average drawdown | 42.02 | 13.52 | +28.50 |
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Drawdowns
XCHP.TO vs. ENCL.TO - Drawdown Comparison
The maximum XCHP.TO drawdown since its inception was -39.06%, which is greater than ENCL.TO's maximum drawdown of -21.05%. Use the drawdown chart below to compare losses from any high point for XCHP.TO and ENCL.TO.
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Drawdown Indicators
| XCHP.TO | ENCL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.06% | -21.05% | -18.01% |
Max Drawdown (1Y)Largest decline over 1 year | -14.22% | -10.75% | -3.47% |
Current DrawdownCurrent decline from peak | -7.52% | -6.66% | -0.86% |
Average DrawdownAverage peak-to-trough decline | -8.18% | -4.81% | -3.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.18% | 3.21% | +0.97% |
Volatility
XCHP.TO vs. ENCL.TO - Volatility Comparison
iShares Semiconductor Index ETF (XCHP.TO) has a higher volatility of 19.98% compared to Global X Enhanced Canadian Oil and Gas Equity Covered Call ETF CAD (ENCL.TO) at 6.80%. This indicates that XCHP.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
| XCHP.TO | ENCL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.98% | 6.80% | +13.18% |
Volatility (6M)Calculated over the trailing 6-month period | 31.53% | 15.64% | +15.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.04% | 18.36% | +19.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.01% | 20.89% | +17.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.01% | 20.89% | +17.12% |
XCHP.TO vs. ENCL.TO - Expense Ratio Comparison
XCHP.TO has a 0.39% expense ratio, which is lower than ENCL.TO's 1.86% expense ratio.
Dividends
XCHP.TO vs. ENCL.TO - Dividend Comparison
XCHP.TO has not paid dividends to shareholders, while ENCL.TO's dividend yield for the trailing twelve months is around 13.94%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
ENCL.TO Global X Enhanced Canadian Oil and Gas Equity Covered Call ETF CAD | 13.94% | 17.14% | 18.56% | 4.68% |
XCHP.TO iShares Semiconductor Index ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XCHP.TO and ENCL.TO have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XCHP.TO is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XCHP.TO is cheaper with a 0.39% expense ratio, compared with 1.86% for ENCL.TO.
XCHP.TO is categorized as Semiconductors, while ENCL.TO is Energy Equities. They also come from different issuers: iShares and Global X. Their fees differ too: 0.39% for XCHP.TO and 1.86% for ENCL.TO.
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