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Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC : TSX)

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Energy Equity

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

Click for more information on Fundata’s FundGrade.

Fundata ESG GradeB Click for more information on Fundata’s ESG Grade

Fundata ESG Grade B

Click for more information on Fundata’s ESG Grade.

Close
(05-16-2025) 		$10.44
Change
$0.08 (0.77%)
Open $10.48
Day Range $10.42 - $10.55
Volume 129,562

As at April 30, 2025

As at April 30, 2025

As at April 30, 2025

  • Closing Price / Volume
Period
Created with Highcharts 10.3.3Closing PriceVolumeJan 2016Jan 2017Jan 2018Jan 2019Jan 2020Jan 2021Jan 2022Jan 2023Jan 2024Jan 2025Jun 2024Jul 2024Aug 2024Sep 2024Sep 2024Oct 2024Nov 2024Dec 2024Jan 2025Feb 2025Mar 2025Apr 2025May 20252016-01-012018-01-012020-01-012022-01-012024-01-01$0.00$10.00$20.00$30.00$9.00$11.00$12.00010,000,00020,000,0002,500,0005,000,000Period
Created with Highcharts 10.3.3Jan 2016Jan 2017Jan 2018Jan 2019Jan 2020Jan 2021Jan 2022Jan 2023Jan 2024Jan 2025Jun 2024Jul 2024Aug 2024Sep 2024Sep 2024Oct 2024Nov 2024Dec 2024Jan 2025Feb 2025Mar 2025Apr 2025May 20252016-01-012018-01-012020-01-012022-01-012024-01-01-100%0%-75%-50%-25%25%-20%-15%-10%-5%5%Period

Legend

Global X Canadian Oil and Gas Equity Covered Call ETF

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Fund Returns

Inception Return (April 11, 2011): -2.17%

Fund Returns
Row Heading Return Annualized Return
1 Mth 3 Mth 6 Mth YTD 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr
Fund -8.76% -3.72% -4.24% -3.52% -0.55% 9.13% 6.74% 23.51% 31.86% 12.09% 7.26% 5.42% 4.87% 0.54%
Benchmark -13.01% -9.86% -10.15% -9.55% -15.25% 4.26% 3.89% 24.03% 30.19% 11.04% 6.60% 6.28% 6.36% 3.59%
Category Average -10.98% -6.87% -6.87% -7.83% -8.20% 2.77% 3.75% 13.68% 18.38% 6.01% 2.62% 2.30% 2.42% -0.28%
Category Rank 8 / 70 1 / 68 19 / 67 1 / 68 16 / 67 14 / 62 23 / 54 7 / 51 6 / 45 5 / 42 6 / 41 17 / 40 22 / 39 28 / 34
Quartile Ranking 1 1 2 1 1 1 2 1 1 1 1 2 3 4

Monthly Return

Created with Highcharts 10.3.3May 24Jun 24Jul 24Aug 24Sep 24Oct 24Nov 24Dec 24Jan 25Feb 25Mar 25Apr 25-15%-10%-5%0%5%10%
Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund 1.94% -2.48% 3.03% 0.51% -2.26% 3.21% 3.62% -4.21% 0.20% 0.44% 5.07% -8.76%
Benchmark 2.24% -4.74% 2.42% -2.22% -6.30% 3.21% 3.39% -3.92% 0.34% -1.83% 5.55% -13.01%

Best Monthly Return Since Inception

39.17% (April 2020)

Worst Monthly Return Since Inception

-46.65% (March 2020)

Calendar Return (%)

Created with Highcharts 10.3.3-50%-25%0%25%50%75%100%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund -32.67% 28.48% -18.03% -30.92% 6.05% -28.54% 83.52% 40.10% 5.75% 17.45%
Benchmark -24.13% 39.64% -10.61% -26.57% 9.75% -34.64% 85.18% 54.02% 4.14% 14.91%
Category Average -25.77% 33.22% -13.66% -23.92% 7.11% -22.62% 40.01% 33.82% 0.43% 12.23%
Quartile Ranking 4 3 4 4 3 3 1 2 1 2
Category Rank 32/ 32 27/ 38 37/ 39 38/ 41 23/ 42 33/ 45 8/ 51 26/ 53 8/ 55 21/ 66

Best Calendar Return (Last 10 years)

83.52% (2021)

Worst Calendar Return (Last 10 years)

-32.67% (2015)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 98.74
Cash and Equivalents 1.23
Other 0.03

Sector Allocation

Sector Allocation
Name Percent
Energy 99.28
Cash and Cash Equivalent 1.23
Other -0.51

Geographic Allocation

Geographic Allocation
Name Percent
North America 99.97
Other 0.03

Top Holdings

Top Holdings
Name Percent
Global X Equal Weight Cdn Oil & Gas Idx ETF (NRGY) 40.59
Enbridge Inc 5.47
TC Energy Corp 5.37
Keyera Corp 5.18
ARC Resources Ltd 5.05
Imperial Oil Ltd 4.98
Tourmaline Oil Corp 4.93
Canadian Natural Resources Ltd 4.89
Pembina Pipeline Corp 4.87
Suncor Energy Inc 4.83

Equity Style

Market capitalization is large. Equity style is blend.

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return4681012141618202224262830-10%-5%0%5%10%15%

Global X Canadian Oil and Gas Equity Covered Call ETF

Median

Other - Energy Equity

3 Yr Annualized

Standard Deviation 18.72% 26.39% 32.03%
Beta 0.72% 0.81% 0.94%
Alpha 0.03% 0.06% -0.03%
Rsquared 0.90% 0.93% 0.93%
Sharpe 0.23% 1.09% 0.13%
Sortino 0.41% 2.10% 0.13%
Treynor 0.06% 0.35% 0.05%
Tax Efficiency 18.22% 80.39% 75.74%
Volatility Volatility rating is 10 on a scale of 1 to 10 Volatility rating is 10 on a scale of 1 to 10 Volatility rating is 10 on a scale of 1 to 10

Risk Rating

Rating 10 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 13.55% 18.72% 26.39% 32.03%
Beta 0.72% 0.72% 0.81% 0.94%
Alpha 0.11% 0.03% 0.06% -0.03%
Rsquared 0.94% 0.90% 0.93% 0.93%
Sharpe -0.25% 0.23% 1.09% 0.13%
Sortino -0.25% 0.41% 2.10% 0.13%
Treynor -0.05% 0.06% 0.35% 0.05%
Tax Efficiency - 18.22% 80.39% 75.74%

Fundata ESG Metrics

Fundata ESG Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A79.6​79.635.1​35.10%10%20%30%40%50%60%70%80%90%100%

The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.

Fundata E Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A85.3​85.326.7​26.70%10%20%30%40%50%60%70%80%90%100%

Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.

Fundata S Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A81.5​81.532.0​32.00%10%20%30%40%50%60%70%80%90%100%

Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.

Fundata G Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A38.8​38.851.6​51.60%10%20%30%40%50%60%70%80%90%100%

Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.

Powered by OWL Analytics. For more information, please contact Fundata Canada.

View the full methodology

Fund Details

Start Date April 11, 2011
Instrument Type Exchange Traded Fund
Share Class Do-It-Yourself
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) -
52 Week High $11.79
52 Week Low $8.95
Annual Dividend $1.52
Annual Yield -
Index -
Shares Outstanding -
Registered Plan Eligible Yes

ETF Characteristics

Exposure 1x performance
Asset Class High -
Asset Class Medium -
Asset Class Low -
Leveraged -
Inverse -
Advisor Series -
Covered Call Strategy Yes

Investment Objectives

The investment objective of the ETF seeks to provide, to the extent possible and net of expenses: (a) exposure to the performance of an index of Canadian companies that are involved in the crude oil and natural gas industry (currently, the Solactive Equal Weight Canada Oil & Gas Index); and (b) monthly distributions of dividend and call option income. To mitigate downside risk and generate income, the ETF will employ a dynamic covered call option writing program.

Investment Strategy

To achieve its investment objective, each of ENCC and BKCC invests in an equal weighted portfolio of Canadian companies in accordance with their respective investment objectives, which may include ETFs that provide exposure to such companies. Semi-annually, on the Constituent Reset Date, the Investment Manager will, based on the applicable reference index for ENCC and BKCC respectively

Portfolio Management

Portfolio Manager

Global X Investments Canada Inc.
Sub-Advisor

-

Management and Organization

Fund Manager

Global X Investments Canada Inc.
Custodian

CIBC Mellon Trust Company
Registrar

TSX Trust Company
Distributor

-

Fees

MER 0.80%
Management Fee 0.65%

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