YPLT.NEO vs. ENCC.TO
YPLT.NEO (Palantir (PLTR) Yield Shares Purpose ETF) and ENCC.TO (Global X Canadian Oil and Gas Equity Covered Call ETF) are both Derivative Income funds. Both are actively managed. Over the past year, YPLT.NEO returned 20.85% vs 41.57% for ENCC.TO. At a 0.03 correlation, their price movements are largely independent. YPLT.NEO charges 0.40%/yr vs 0.76%/yr for ENCC.TO.
Performance
YPLT.NEO vs. ENCC.TO - Performance Comparison
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Returns By Period
In the year-to-date period, YPLT.NEO achieves a -12.66% return, which is significantly lower than ENCC.TO's 29.01% return.
YPLT.NEO
- 1D
- -6.20%
- 1M
- -1.73%
- YTD
- -12.66%
- 6M
- -12.30%
- 1Y
- 20.85%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ENCC.TO
- 1D
- 0.93%
- 1M
- 2.37%
- YTD
- 29.01%
- 6M
- 25.71%
- 1Y
- 41.57%
- 3Y*
- 22.89%
- 5Y*
- 25.31%
- 10Y*
- 8.49%
YPLT.NEO vs. ENCC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
YPLT.NEO Palantir (PLTR) Yield Shares Purpose ETF | -12.66% | 62.74% |
ENCC.TO Global X Canadian Oil and Gas Equity Covered Call ETF | 29.01% | 10.24% |
Correlation
The correlation between YPLT.NEO and ENCC.TO is -0.11, 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 | -0.11 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2025 | 0.03 |
The correlation between YPLT.NEO and ENCC.TO shifts across timeframes, from -0.11 (1 year) to 0.03 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
YPLT.NEO vs. ENCC.TO — Risk / Return Rank
YPLT.NEO
ENCC.TO
YPLT.NEO vs. ENCC.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Palantir (PLTR) Yield Shares Purpose ETF (YPLT.NEO) 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.
| YPLT.NEO | ENCC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.63 | ||
| Sortino ratioReturn per unit of downside risk | -2.91 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.53 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | 0.50 | 4.93 | -4.43 |
| Martin ratioReturn relative to average drawdown | 1.12 | 17.54 | -16.42 |
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
| YPLT.NEO | ENCC.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.35 | 2.98 | -2.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.11 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.29 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.00 | +0.46 |
Drawdowns
YPLT.NEO vs. ENCC.TO - Drawdown Comparison
The maximum YPLT.NEO drawdown since its inception was -41.92%, smaller than the maximum ENCC.TO drawdown of -89.91%. Use the drawdown chart below to compare losses from any high point for YPLT.NEO and ENCC.TO.
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Drawdown Indicators
| YPLT.NEO | ENCC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.92% | -89.91% | +47.99% |
Max Drawdown (1Y)Largest decline over 1 year | -41.92% | -8.48% | -33.44% |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.67% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.57% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -82.16% | — |
Current DrawdownCurrent decline from peak | -26.29% | -1.99% | -24.30% |
Average DrawdownAverage peak-to-trough decline | -15.38% | -39.82% | +24.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.75% | 2.38% | +16.37% |
Volatility
YPLT.NEO vs. ENCC.TO - Volatility Comparison
Palantir (PLTR) Yield Shares Purpose ETF (YPLT.NEO) has a higher volatility of 15.23% compared to Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC.TO) at 5.66%. This indicates that YPLT.NEO'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
| YPLT.NEO | ENCC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.23% | 5.66% | +9.57% |
Volatility (6M)Calculated over the trailing 6-month period | 45.60% | 12.36% | +33.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.50% | 14.08% | +46.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 69.38% | 23.03% | +46.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.38% | 29.05% | +40.33% |
YPLT.NEO vs. ENCC.TO - Expense Ratio Comparison
YPLT.NEO has a 0.40% expense ratio, which is lower than ENCC.TO's 0.76% expense ratio.
Dividends
YPLT.NEO vs. ENCC.TO - Dividend Comparison
YPLT.NEO's dividend yield for the trailing twelve months is around 47.71%, more 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% | 6.09% | 8.35% | 6.92% | 4.77% | 15.15% |
YPLT.NEO Palantir (PLTR) Yield Shares Purpose ETF | 47.71% | 14.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
YPLT.NEO and ENCC.TO have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, YPLT.NEO is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
YPLT.NEO is cheaper with a 0.40% expense ratio, compared with 0.76% for ENCC.TO.
They also come from different issuers: Purpose and Global X. Their fees differ too: 0.40% for YPLT.NEO and 0.76% for ENCC.TO.
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