A side-by-side comparison of Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC) and Portfolio Building Block Integrated Oil and Gas and Exploration and Production Index ETF (PBOG) 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 | PBOG |
|---|---|---|
| YTD Return | +24.09% | +27.07%✓ |
| 1-Day Change | +0.23% | +0.80%✓ |
| 1-Week Change | +0.99% | +2.16%✓ |
| 1-Month Change | +8.05%✓ | +12.43% |
| Current Price | $13.29 | $38.79 |
| AUM | $812M✓ | $513M |
| MER (Expense Ratio) | 0.86% | — |
| Dividend Yield | 12.13% | — |
| Distribution Frequency | Monthly | — |
| Inception Date | 2011-04-11 | 2025-11-25 |
| Holdings Count | 10 | 33 |
| MorningStar Rating | — | — |
| Category | Energy Equity | Energy Equity |
| Beta | 0.55 | 0.00 |
| 52-Week High | $13.42 | $39.16 |
| 52-Week Low | $9.25 | $24.33 |
| 50-Day MA | $12.90 | $36.04 |
| 200-Day MA | $12.43 | $32.89 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | ENCC | PBOG |
|---|---|---|
| YTD | +24.09% | +27.07%✓ |
| 1 Year | +38.91% | — |
| 3 Year | +22.05% | — |
| 5 Year | +23.16% | — |
| 10 Year | +7.97% | — |
| 1Y Volatility | 16.77% | 0.00% |
| Sharpe Ratio (3Y) | 1.08 | 0.00 |
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 | 18.38% |
| 2 | CVX | Chevron Corp | 11.87% |
| 3 | SHEL | Shell plc | 7.72% |
| 4 | TTE | TotalEnergies SE ADR | 4.91% |
| 5 | SU | Suncor Energy Inc | 4.65% |
| 6 | BP | BP PLC | 4.42% |
| 7 | COP | ConocoPhillips | 4.56% |
| 8 | EOG | EOG Resources Inc | 4.29% |
| 9 | CNQ | Canadian Natural Resources Ltd | 4.31% |
| 10 | OXY | Occidental Petroleum Corporation | 3.42% |
Sector Weights
| Sector | ENCC | PBOG |
|---|---|---|
| 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 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 PBOG
The fund uses a "passive management" approach to track the performance, before fees and expenses, of the index. The index is constructed using a rules-based methodology that identifies companies in the upstream segment of the oil and gas industry value chain with publicly traded ordinary shares listed on major stock exchanges in developed markets, as classified by BITA GmbH. Under normal circumstances, the fund will invest at least 80% of the fund"s net assets in component securities that make u…
Which ETF is Right for You?
Both ENCC and PBOG are listed on Canadian exchanges and accessible through most Canadian brokerages including Questrade, Wealthsimple Trade, TD Direct, and Interactive Brokers.
ENCC and PBOG are closely matched on the metrics we track. The right choice depends on your individual investment goals, tax situation, and time horizon.
- 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 PBOG?
ENCC (Global X Canadian Oil and Gas Equity Covered Call ETF) and PBOG (Portfolio Building Block Integrated Oil and Gas and Exploration and Production Index ETF) are both Canadian-listed ETFs. Key differences include their AUM ($812M vs $513M), dividend yield (12.13% vs N/A), and year-to-date performance (+24.09% vs +27.07%).
Is ENCC better than PBOG?
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 PBOG on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both ENCC and PBOG should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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