A side-by-side comparison of Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC) and First Trust Nasdaq Oil & Gas ETF (FTXN) to help Canadian investors make an informed decision.
1-Year Performance
Normalised to 100 at the start — shows relative return over the trailing 12 months.
Head-to-Head Comparison
| Metric | ENCC | FTXN |
|---|---|---|
| YTD Return | +24.09% | +25.39%✓ |
| 1-Day Change | +0.23% | +0.24%✓ |
| 1-Week Change | +0.99% | +1.94%✓ |
| 1-Month Change | +8.05%✓ | +12.28% |
| Current Price | $13.29 | $42.64 |
| AUM | $812M | $1.20B✓ |
| MER (Expense Ratio) | 0.86% | 0.6%✓ |
| Dividend Yield | 12.13%✓ | 1.92% |
| Distribution Frequency | Monthly | NA |
| Inception Date | 2011-04-11 | 2016-09-20 |
| Holdings Count | 10 | 48 |
| MorningStar Rating | — | — |
| Category | Energy Equity | Energy Equity |
| Beta | 0.55 | -0.05 |
| 52-Week High | $13.42 | $43.44 |
| 52-Week Low | $9.25 | $26.34 |
| 50-Day MA | $12.90 | $40.56 |
| 200-Day MA | $12.43 | $36.69 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | ENCC | FTXN |
|---|---|---|
| YTD | +24.09% | +25.39%✓ |
| 1 Year | +38.91% | +58.73%✓ |
| 3 Year | +22.05%✓ | +15.94% |
| 5 Year | +23.16%✓ | +18.61% |
| 10 Year | +7.97% | +10.64%✓ |
| 1Y Volatility | 16.77% | 25.92% |
| Sharpe Ratio (3Y) | 1.08 | 0.38 |
Past performance is not a guarantee of future results.
Top 10 Holdings
| 1 | NRGY | Global X Equal Weight Canadian Oil & Gas Index ETF | 36.90% |
| 2 | SU | Suncor Energy Inc | 5.93% |
| 3 | IMO | Imperial Oil Ltd | 5.64% |
| 4 | CVE | Cenovus Energy Inc | 5.68% |
| 5 | WCP | Whitecap Resources Inc. | 5.22% |
| 6 | TOU | Tourmaline Oil Corp. | 5.48% |
| 7 | CNQ | Canadian Natural Resources Ltd | 5.17% |
| 8 | TRP | TC Energy Corp | 5.61% |
| 9 | ENB | Enbridge Inc | 5.23% |
| 10 | PPL | Pembina Pipeline Corp | 5.44% |
| 1 | XOM | Exxon Mobil Corp | 8.40% |
| 2 | COP | ConocoPhillips | 8.28% |
| 3 | CVX | Chevron Corp | 7.70% |
| 4 | MPC | Marathon Petroleum Corp | 7.84% |
| 5 | EOG | EOG Resources Inc | 5.45% |
| 6 | VLO | Valero Energy Corporation | 3.84% |
| 7 | PSX | Phillips 66 | 3.66% |
| 8 | OXY | Occidental Petroleum Corporation | 3.88% |
| 9 | FANG | Diamondback Energy Inc | 3.64% |
| 10 | DVN | Devon Energy Corporation | 3.38% |
Sector Weights
| Sector | ENCC | FTXN |
|---|---|---|
| Basic Materials | 0.00% | 0.50% |
| Communication Services | 0.00% | 0.00% |
| Consumer Cyclicals | 0.00% | 0.00% |
| Consumer Defensive | 0.00% | 0.00% |
| Energy | 100.00% | 101.42% |
| 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 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…
About FTXN
The fund will normally invest at least 80% of its net assets (including investment borrowings) in the securities that comprise the index. The index is designed to provide exposure to U.S. companies comprising the oil and gas sector that have been selected based upon their liquidity and ranking. It is non-diversified.
Which ETF is Right for You?
Both ENCC and FTXN 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, FTXN 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 ENCC and FTXN?
ENCC (Global X Canadian Oil and Gas Equity Covered Call ETF) and FTXN (First Trust Nasdaq Oil & Gas ETF) are both Canadian-listed ETFs. Key differences include their AUM ($812M vs $1.20B), dividend yield (12.13% vs 1.92%), and year-to-date performance (+24.09% vs +25.39%).
Is ENCC better than FTXN?
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 ENCC and FTXN on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both ENCC and FTXN should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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