CNCC.TO vs CNCL.TO: Income Fund Comparison

Global X S&P/TSX 60 Covered Call ETF - Canada (CNCC.TO) and Global X Enhanced S&P/TSX 60 Covered Call ETF - Canada (CNCL.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.

CNCC.TO CNCL.TO
Fund Name Global X S&P/TSX 60 Covered Call ETF - Canada Global X Enhanced S&P/TSX 60 Covered Call ETF - Canada
Fund Type Index Based Fund Index Based Fund
Exchange TSX TSX
Last Reviewed 2025-06-02 2025-06-02
CNCC.TO
CNCL.TO
Overall Score
Dependability

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Fund Attributes: CNCC.TO vs CNCL.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
CNCC.TO
CNCL.TO
Expense Ratio
3/5

MER is 0.54%

1/5

MER is 2.19% which is a lot higher than CNCC because of the leverage costs.

Fund Company Size
5/5

Mirae Global X has more than 40 Billion under management.

5/5

Mirae Global X has more than 40 Billion under management.

Fund History
5/5

Fund inception date was March 16th 2011.

2/5

Fund inception date was July 5 2023.

Fund AUM
1/5

107 Million net assets invested in this fund.

1/5

16 Million net assets invested in this fund.

Risk: CNCC.TO vs CNCL.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
CNCC.TO
CNCL.TO
Volatility
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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 CNCC.TO and CNCL.TO — volatility ratings, diversification scores, and analyst notes.

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Return: CNCC.TO vs CNCL.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
CNCC.TO
CNCL.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
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How often the fund pays distributions — monthly payments are generally preferred by income investors.

See the full Return analysis for both CNCC.TO and CNCL.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 CNCC.TO and CNCL.TO are available in the Dependable Income Investing app.

Frequently Asked Questions: CNCC.TO vs CNCL.TO

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

CNCC.TO: MER is 0.54%
CNCL.TO: MER is 2.19% which is a lot higher than CNCC because of the leverage costs.

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

CNCC.TO: 107 Million net assets invested in this fund.
CNCL.TO: 16 Million net assets invested in this fund.

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

CNCC.TO: Fund inception date was March 16th 2011.
CNCL.TO: Fund inception date was July 5 2023.

Who manages CNCC.TO vs CNCL.TO?

CNCC.TO: Mirae Global X has more than 40 Billion under management.
CNCL.TO: Mirae Global X has more than 40 Billion under management.

Where can I see the full CNCC.TO vs CNCL.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.

See the Full CNCC.TO vs CNCL.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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