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

XEQT.TO vs. ENCC.TO

Last updated Jun 5, 2026

XEQT.TO (iShares Core Equity ETF Portfolio) and ENCC.TO (Global X Canadian Oil and Gas Equity Covered Call ETF) are both exchange-traded funds - XEQT.TO is a Global Equities fund actively managed by iShares, while ENCC.TO is a Derivative Income fund actively managed by Global X. Both are actively managed. Over the past 5 years, XEQT.TO returned 13.90%/yr vs 25.50%/yr for ENCC.TO. At a 0.31 correlation, their price movements are largely independent. XEQT.TO charges 0.20%/yr vs 0.76%/yr for ENCC.TO.

Performance

XEQT.TO vs. ENCC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Core Equity ETF Portfolio (XEQT.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.

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Returns By Period

In the year-to-date period, XEQT.TO achieves a 13.22% return, which is significantly lower than ENCC.TO's 30.00% return.

XEQT.TO

1D
0.83%
1M
6.02%
YTD
13.22%
6M
11.68%
1Y
30.42%
3Y*
22.22%
5Y*
13.90%
10Y*
—

ENCC.TO

1D
0.77%
1M
3.00%
YTD
30.00%
6M
26.45%
1Y
44.04%
3Y*
23.36%
5Y*
25.50%
10Y*
8.38%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)2025202420232022202120202019
XEQT.TO
iShares Core Equity ETF Portfolio		13.22%19.47%24.36%17.25%-11.01%18.94%11.82%9.89%
ENCC.TO
Global X Canadian Oil and Gas Equity Covered Call ETF		30.00%13.13%17.39%5.72%41.33%80.55%-27.98%21.71%

Correlation

The correlation between XEQT.TO and ENCC.TO is -0.10, 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

-0.10

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

0.22

Correlation (5Y)
Calculated over the trailing 5-year period

0.29

Correlation (All Time)
Calculated using the full available price history since Aug 15, 2019

0.31

The correlation between XEQT.TO and ENCC.TO shifts across timeframes, from -0.10 (1 year) to 0.31 (all time), reflecting how their relationship changes across market environments.

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

Sectors
XEQT.TO
ENCC.TO

Technology

22.9%

-

Financial Services

20.3%

-

Industrials

12.1%

-

Consumer Cyclical

7.8%

-

Basic Materials

7.3%

-

Energy

7.2%
100.0%

Healthcare

6.6%

-

Communication Services

6.4%

-

Consumer Defensive

4.4%

-

Utilities

2.8%

-

Real Estate

2.2%

-

Technology

XEQT.TO
22.9%
ENCC.TO

-

Financial Services

XEQT.TO
20.3%
ENCC.TO

-

Industrials

XEQT.TO
12.1%
ENCC.TO

-

Consumer Cyclical

XEQT.TO
7.8%
ENCC.TO

-

Basic Materials

XEQT.TO
7.3%
ENCC.TO

-

Energy

XEQT.TO
7.2%
ENCC.TO
100.0%

Healthcare

XEQT.TO
6.6%
ENCC.TO

-

Communication Services

XEQT.TO
6.4%
ENCC.TO

-

Consumer Defensive

XEQT.TO
4.4%
ENCC.TO

-

Utilities

XEQT.TO
2.8%
ENCC.TO

-

Real Estate

XEQT.TO
2.2%
ENCC.TO

-

Compare stocks, funds, or ETFs

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iShares Core Equity ETF Portfolio

Global X Canadian Oil and Gas Equity Covered Call ETF

Often compared with XEQT.TO:
XEQT.TO vs. VFV.TOXEQT.TO vs. VEQT.TOXEQT.TO vs. XGRO.TOXEQT.TO vs. ZEQT.TOXEQT.TO vs. VGRO.TOXEQT.TO vs. XEI.TOXEQT.TO vs. VOO
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. OILY.TOENCC.TO vs. ENS.TO

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XEQT.TO
XEQT.TO Risk / Return Rank: 8080
Overall Rank
XEQT.TO Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
XEQT.TO Sortino Ratio Rank: 8181
Sortino Ratio Rank
XEQT.TO Omega Ratio Rank: 8282
Omega Ratio Rank
XEQT.TO Calmar Ratio Rank: 7575
Calmar Ratio Rank
XEQT.TO Martin Ratio Rank: 8282
Martin Ratio Rank
ENCC.TO
ENCC.TO Risk / Return Rank: 8989
Overall Rank
ENCC.TO Sharpe Ratio Rank: 9191
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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares Core Equity ETF Portfolio (XEQT.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.

XEQT.TOENCC.TODifference
Sharpe ratioReturn per unit of total volatility
2.62
3.16

-0.54

Sortino ratioReturn per unit of downside risk
3.61
4.02

-0.41

Omega ratioGain probability vs. loss probability

1.48

1.56

-0.08

Calmar ratioReturn relative to maximum drawdown

3.70

5.22

-1.52

Martin ratioReturn relative to average drawdown

16.13

18.57

-2.44

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

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

The current XEQT.TO Sharpe Ratio is 2.62, which is comparable to the ENCC.TO Sharpe Ratio of 3.16. The chart below compares the historical Sharpe Ratios of XEQT.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.

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Sharpe Ratios by Period

XEQT.TOENCC.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.62

3.16

-0.54

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.07

1.11

-0.05

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.29

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.96

0.00

+0.96

Drawdowns

XEQT.TO vs. ENCC.TO - Drawdown Comparison

The maximum XEQT.TO drawdown since its inception was -29.74%, smaller than the maximum ENCC.TO drawdown of -89.91%. Use the drawdown chart below to compare losses from any high point for XEQT.TO and ENCC.TO.

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Drawdown Indicators

XEQT.TOENCC.TODifference

Max Drawdown

Largest peak-to-trough decline

-29.74%

-89.91%

+60.17%

Max Drawdown (1Y)

Largest decline over 1 year

-8.25%

-8.48%

+0.23%

Max Drawdown (3Y)

Largest decline over 3 years

-15.08%

-16.67%

+1.59%

Max Drawdown (5Y)

Largest decline over 5 years

-19.56%

-25.57%

+6.01%

Max Drawdown (10Y)

Largest decline over 10 years

—

-82.16%

—

Current Drawdown

Current decline from peak

0.00%

-1.24%

+1.24%

Average Drawdown

Average peak-to-trough decline

-4.11%

-39.81%

+35.70%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.89%

2.38%

-0.49%

Volatility

XEQT.TO vs. ENCC.TO - Volatility Comparison

The current volatility for iShares Core Equity ETF Portfolio (XEQT.TO) is 3.70%, while Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC.TO) has a volatility of 5.70%. This indicates that XEQT.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.

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Volatility by Period

XEQT.TOENCC.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.70%

5.70%

-2.00%

Volatility (6M)

Calculated over the trailing 6-month period

9.41%

12.31%

-2.90%

Volatility (1Y)

Calculated over the trailing 1-year period

11.65%

14.05%

-2.40%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.13%

23.03%

-9.90%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.56%

29.04%

-13.48%

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

XEQT.TO has a 0.20% expense ratio, which is lower than ENCC.TO's 0.76% expense ratio.

Dividends

XEQT.TO vs. ENCC.TO - Dividend Comparison

XEQT.TO's dividend yield for the trailing twelve months is around 1.47%, less than ENCC.TO's 11.01% yield.

PositionTTM20252024202320222021202020192018201720162015
ENCC.TO
Global X Canadian Oil and Gas Equity Covered Call ETF		11.01%13.62%14.58%14.87%12.55%4.23%5.10%6.09%8.35%6.92%4.77%15.15%
XEQT.TO
iShares Core Equity ETF Portfolio		1.47%1.66%2.01%2.07%2.12%1.64%1.66%1.19%0.00%0.00%0.00%0.00%

Frequently Asked Questions

XEQT.TO and ENCC.TO have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XEQT.TO is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XEQT.TO is cheaper with a 0.20% expense ratio, compared with 0.76% for ENCC.TO.

XEQT.TO is categorized as Global Equities, while ENCC.TO is Derivative Income. They also come from different issuers: iShares and Global X. Their fees differ too: 0.20% for XEQT.TO and 0.76% for ENCC.TO.

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