BMAX.TO vs CNCC.TO: Income Fund Comparison

Brompton Enhanced Multi-Asset Income ETF - Canada (BMAX.TO) and Global X S&P/TSX 60 Covered Call ETF - Canada (CNCC.TO) are both income-focused funds. Below is our independent side-by-side review using the Dependable Income Investing 13-factor scoring system — designed specifically for income investors seeking reliable, sustainable distributions.

BMAX.TO: Subject to fees of the underlying ETFs held in the BMAX portfolio. MER is 2.62% as per www.bromptongroup.com/wp-content/uploads/2025/03/BMAX-CAD.pdf CNCC.TO: MER is 0.62% as at Dec 31 2025. Management fee alone is 0.39%. BMAX.TO october 20th 2022 was inception date. CNCC.TO fund inception date was March 15 2011 - over 15 years of history. Full Dependability and Return scores for both funds are available in the app.

BMAX.TO CNCC.TO
Fund Name Brompton Enhanced Multi-Asset Income ETF - Canada Global X S&P/TSX 60 Covered Call ETF - Canada
Fund Type Diversified Fund Index Based Fund
Exchange TSX TSX
Last Reviewed Dec 9, 2025 Jun 23, 2026
Author , Income Investing Analyst
BMAX.TO
CNCC.TO
Overall Score
Dependability

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Fund Attributes: BMAX.TO vs CNCC.TO 20% of overall score

Fund Attributes cover the foundational characteristics of each fund: cost, company backing, track record, and size. These factors reflect stability and cost-efficiency for long-term income investors.

Criterion
BMAX.TO
CNCC.TO
Expense Ratio
1/5

Subject to fees of the underlying ETFs held in the BMAX portfolio. MER is 2.62% as per www.bromptongroup.com/wp-content/uploads/2025/03/BMAX-CAD.pdf

3/5

MER is 0.62% as at Dec 31 2025. Management fee alone is 0.39%.

Fund Company Size
2/5

Brompton manages 41 TSX listed closed-end and exchange-traded funds with assets under management of over $3 billion.

5/5

Managed by Global X (Mirae Asset) which has well over 40 billion under management.

Fund History
4/5

October 20th 2022 was inception date.

5/5

Fund inception date was March 15 2011 - over 15 years of history.

Fund AUM
1/5

The aggregate Net Asset Value of the Fund was $153 million at Dec 2025.

1/5

Net assets are about 181 million.

Risk: BMAX.TO vs CNCC.TO 35% of overall score

Risk factors evaluate how each fund manages volatility, diversification, and the nature of its underlying assets — critical considerations for income investors who prioritise capital preservation.

Criterion
BMAX.TO
CNCC.TO
Volatility
5/5

Portfolio analyzer gives the beta at 0.73 which is good.

5/5

Beta is 0.72 vs SPY over the price series - below market sensitivity. Standalone volatility is about 13.44% annualized (weekly returns) which is low-to-moderate and confirms the low beta reading.

Lower volatility may indicate more stability — important for investors living off their income.
Sector Diversification
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Holding across more sectors reduces the impact of any single industry downturn.
Geographic Diversification
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Exposure across geographies can reduce risk from any single country's economic conditions.
Fund Risk
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The fund's overall risk profile, based on self-reported classifications where available.
Underlying Assets
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What the fund actually holds — stocks, bonds, synthetics, or other funds — affects risk profile significantly.

See the full Risk analysis for both BMAX.TO and CNCC.TO — volatility ratings, diversification scores, and analyst notes.

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Return: BMAX.TO vs CNCC.TO 45% of overall score

Return factors assess income generation quality: current yield, distribution consistency, price history, and payment frequency. This is the most heavily weighted category for income investors.

Criterion
BMAX.TO
CNCC.TO
Yield
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The current dividend yield, reflecting the annual income generated relative to fund price.
Yield Stability
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How consistent the distribution amounts have been over time — critical for income investors who budget around payments.
Capital History
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The fund's track record of price appreciation or depreciation, reflecting total return alongside income.
Distribution Frequency
4/5

Pays monthly distributions.

4/5

Pays monthly - confirmed from distribution history.

How often the fund pays distributions — monthly payments are generally preferred by income investors.

See the full Return analysis for both BMAX.TO and CNCC.TO — yield ratings, distribution consistency scores, and capital history.

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Our Review Methodology

Every fund reviewed on Dependable Income Investing is scored using our 13-factor Fund Report Card, organised into three weighted categories: Fund Attributes (20%), Risk (35%), and Return (45%). Each criterion is rated 1–5 by our analysts based on publicly available fund data.

We also calculate a Dependability Score — a weighted composite of six income-specific factors ranked by importance for retirement income investors: Yield Stability, Yield, Volatility, Capital History, Fund Risk, and Underlying Assets. This score answers the question income investors care about most: can I depend on this fund to pay me reliably?

Full scores, ratings, and analyst notes for both BMAX.TO and CNCC.TO are available in the Dependable Income Investing app.

See our full scoring methodology →

Frequently Asked Questions: BMAX.TO vs CNCC.TO

Which has a lower expense ratio, BMAX.TO or CNCC.TO?

BMAX.TO: Subject to fees of the underlying ETFs held in the BMAX portfolio. MER is 2.62% as per www.bromptongroup.com/wp-content/uploads/2025/03/BMAX-CAD.pdf
CNCC.TO: MER is 0.62% as at Dec 31 2025. Management fee alone is 0.39%.

Which fund has more assets under management, BMAX.TO or CNCC.TO?

BMAX.TO: The aggregate Net Asset Value of the Fund was $153 million at Dec 2025.
CNCC.TO: Net assets are about 181 million.

Which fund has been trading longer, BMAX.TO or CNCC.TO?

BMAX.TO: October 20th 2022 was inception date.
CNCC.TO: Fund inception date was March 15 2011 - over 15 years of history.

Who manages BMAX.TO vs CNCC.TO?

BMAX.TO: Brompton manages 41 TSX listed closed-end and exchange-traded funds with assets under management of over $3 billion.
CNCC.TO: Managed by Global X (Mirae Asset) which has well over 40 billion under management.

Where can I see the full BMAX.TO vs CNCC.TO comparison with scores?

The complete side-by-side comparison — including all Risk and Return scores, analyst notes, Overall Score, and Dependability Score for both funds — is available in the Dependable Income Investing app.

What is the difference between BMAX.TO and CNCC.TO?

Brompton Enhanced Multi-Asset Income ETF - Canada is a Diversified Fund. Subject to fees of the underlying ETFs held in the BMAX portfolio. MER is 2.62% as per www.bromptongroup.com/wp-content/uploads/2025/03/BMAX-CAD.pdf. Global X S&P/TSX 60 Covered Call ETF - Canada is a Index Based Fund. MER is 0.62% as at Dec 31 2025. Management fee alone is 0.39%. Full comparison including Dependability Score is available in the Dependable Income Investing app.

Which is better for income investors, BMAX.TO or CNCC.TO?

BMAX.TO: Subject to fees of the underlying ETFs held in the BMAX portfolio. MER is 2.62% as per www.bromptongroup.com/wp-content/uploads/2025/03/BMAX-CAD.pdf. October 20th 2022 was inception date. CNCC.TO: MER is 0.62% as at Dec 31 2025. Management fee alone is 0.39%. Fund inception date was March 15 2011 - over 15 years of history. Which scores higher on Dependability and Return is available in the Dependable Income Investing app.

Do BMAX.TO and CNCC.TO pay monthly distributions?

BMAX.TO: Pays monthly distributions. CNCC.TO: Pays monthly - confirmed from distribution history. Full yield and distribution stability scores for both funds are available in the Dependable Income Investing app.

See the Full BMAX.TO vs CNCC.TO Comparison

The Dependable Income Investing app gives you the complete picture: all 13 scoring factors for both funds, Risk and Return analyst notes, Dependability Scores, and tools to compare any income fund side by side.

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