A side-by-side comparison of Hamilton Energy YIELD MAXIMIZER ETF (EMAX) and Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC) to help Canadian investors make an informed decision.
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1-Year Performance
Normalised to 100 at the start — shows relative return over the trailing 12 months.
Head-to-Head Comparison
| Metric | EMAX | ENCC |
|---|---|---|
| YTD Return | +14.28% | +16.15%✓ |
| 1-Day Change | +0.38% | +0.97%✓ |
| 1-Week Change | -1.80% | -1.58%✓ |
| 1-Month Change | -7.69% | -6.29%✓ |
| Current Price | $15.85 | $12.44 |
| AUM | $486M | $753M✓ |
| MER (Expense Ratio) | — | 0.85% |
| Dividend Yield | 10.78% | 11.52%✓ |
| Distribution Frequency | Monthly | Monthly |
| Inception Date | 2024-02-06 | 2011-04-11 |
| Holdings Count | 10 | 10 |
| MorningStar Rating | — | ★★★ |
| Category | Energy Equity | Energy Equity |
| Beta | 0.00 | 0.52 |
| 52-Week High | $17.89 | $13.29 |
| 52-Week Low | $11.59 | $9.09 |
| 50-Day MA | $16.57 | $12.60 |
| 200-Day MA | $15.21 | $11.51 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | EMAX | ENCC |
|---|---|---|
| YTD | +14.28% | +16.15%✓ |
| 1 Year | +10.41% | +38.23%✓ |
| 3 Year | — | +22.59% |
| 5 Year | — | +24.51% |
| 10 Year | — | +8.47% |
| 1Y Volatility | 18.15% | 12.16% |
| Sharpe Ratio (3Y) | — | 1.45 |
Past performance is not a guarantee of future results.
Top 10 Holdings
| 1 | MPC | Marathon Petroleum Corp | 5.58% |
| 2 | SLB | Schlumberger NV | 5.54% |
| 3 | BKR | Baker Hughes Co | 5.44% |
| 4 | CVE | Cenovus Energy Inc | 5.35% |
| 5 | FANG | Diamondback Energy Inc | 5.30% |
| 6 | VLO | Valero Energy Corporation | 5.30% |
| 7 | HAL | Halliburton Company | 5.27% |
| 8 | PSX | Phillips 66 | 5.26% |
| 9 | SU | Suncor Energy Inc | 5.13% |
| 10 | OXY | Occidental Petroleum Corporation | 5.06% |
| 1 | NRGY | Global X Equal Weight Canadian Oil & Gas Index ETF | 34.94% |
| 2 | CVE | Cenovus Energy Inc | 6.10% |
| 3 | ARX | ARC Resources Ltd. | 5.83% |
| 4 | WCP | Whitecap Resources Inc. | 5.76% |
| 5 | SU | Suncor Energy Inc | 5.37% |
| 6 | SOBO | South Bow Corporation | 5.25% |
| 7 | KEY | Keyera Corp. | 5.20% |
| 8 | TRP | TC Energy Corp | 5.18% |
| 9 | PPL | Pembina Pipeline Corp | 5.18% |
| 10 | IMO | Imperial Oil Ltd | 5.09% |
Sector Weights
| Sector | EMAX | ENCC |
|---|---|---|
| Basic Materials | 0.00% | 0.00% |
| Communication Services | 0.00% | 0.00% |
| Consumer Cyclicals | 0.00% | 0.00% |
| Consumer Defensive | 0.00% | 0.00% |
| Energy | 100.00% | 100.00% |
| Financial Services | 0.00% | 0.00% |
| Healthcare | 0.00% | 0.00% |
| Industrials | 0.00% | 0.00% |
| Real Estate | 0.00% | 0.00% |
| Technology | 0.00% | 0.00% |
| Utilities | 0.00% | 0.00% |
About EMAX
Hamilton Energy YIELD MAXIMIZER ETF (EMAX.TO) is a Canadian-listed ETF traded on the Toronto Stock Exchange. More detailed information will be available soon.
About ENCC
Horizons Canadian Oil And Gas Equity Covered Call ETF is an exchange traded fund launched and managed by Horizons ETFs Management (Canada) Inc. The fund invests in the public equity markets of Canada. It uses derivatives like covered call options to invest in the stocks of companies operating in the energy sector which are involved in the crude oil and natural gas industry. The fund invests in the stocks of companies across all market capitalizations. It seeks to benchmark the performance of its…
Which ETF is Right for You?
Both EMAX and ENCC are listed on Canadian exchanges and accessible through most Canadian brokerages including Questrade, Wealthsimple Trade, TD Direct, and Interactive Brokers.
Based on the available data, ENCC scores higher across our tracked metrics including YTD performance, dividend yield, and AUM — though both ETFs warrant individual research before investing.
- Consider your account type (TFSA, RRSP, non-registered) as it can affect dividend taxation.
- Compare management expense ratios (MER) directly on each provider's website.
- Look at average daily trading volume to assess liquidity.
- Review the fund's underlying index and holdings to ensure the exposure matches your goals.
This is not financial advice. Always do your own research or consult a licensed financial advisor before investing.
Frequently Asked Questions
What is the difference between EMAX and ENCC?
EMAX (Hamilton Energy YIELD MAXIMIZER ETF) and ENCC (Global X Canadian Oil and Gas Equity Covered Call ETF) are both Canadian-listed ETFs. Key differences include their AUM ($486M vs $753M), dividend yield (10.78% vs 11.52%), and year-to-date performance (+14.28% vs +16.15%).
Is EMAX better than ENCC?
There is no single "better" ETF — it depends on your investment goals. If you prioritise dividends, compare both yields and choose based on your income needs. Always review the fund's prospectus and consider your tax situation.
Can I buy EMAX and ENCC on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both EMAX and ENCC should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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