EIT-UN.TO vs CNCL.TO: Income Fund Comparison
Canoe EIT Income Fund - Canada (EIT-UN.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.
Also see: EIT-UN.TO individual review · CNCL.TO individual review
EIT-UN.TO: MER Including Issue Costs & Interest (%) is 2.13 which is high. CNCL.TO: MER is 1.69% as at Dec 31 2025. Higher due to leverage costs - 25% leverage (125% exposure). Management fee alone is 0.65%. EIT-UN.TO fund inception date was August 1997. CNCL.TO fund inception date was July 5 2023 - about 2.9 years which rounds up to 3 years. Full Dependability and Return scores for both funds are available in the app.
| EIT-UN.TO | CNCL.TO | |
|---|---|---|
| Fund Name | Canoe EIT Income Fund - Canada | Global X Enhanced 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 | Adam Hyde, Income Investing Analyst | |
🔒 Full scores available — with Premium subscription
Compare Performance — Free →Fund Attributes: EIT-UN.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.
MER Including Issue Costs & Interest (%) is 2.13 which is high.
MER is 1.69% as at Dec 31 2025. Higher due to leverage costs - 25% leverage (125% exposure). Management fee alone is 0.65%.
Canoe manages more than 20.5 Billion in Assets.
Managed by Global X (Mirae Asset) which has well over 40 billion under management.
Fund inception date was August 1997.
Fund inception date was July 5 2023 - about 2.9 years which rounds up to 3 years.
3 Billion AUM in this fund. One of Canada’s largest closed-end funds.
Net assets are about 17.49 million which is below the 100 million threshold.
Risk: EIT-UN.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.
Portfolio Visualizer says the monthly Beta is 0.8 over the last 10 years.
Beta is 0.56 vs SPY over the price series since July 2023 - well below market sensitivity. Standalone volatility is about 12.16% annualized (weekly returns) which is low-to-moderate and confirms the low beta reading despite the 125% leverage.
See the full Risk analysis for both EIT-UN.TO and CNCL.TO — volatility ratings, diversification scores, and analyst notes.
View Plans →Return: EIT-UN.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.
Pays distributions monthly.
Pays monthly - confirmed from distribution history.
See the full Return analysis for both EIT-UN.TO and CNCL.TO — yield ratings, distribution consistency scores, and capital history.
View Plans →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 EIT-UN.TO and CNCL.TO are available in the Dependable Income Investing app.
See our full scoring methodology →
Frequently Asked Questions: EIT-UN.TO vs CNCL.TO
Which has a lower expense ratio, EIT-UN.TO or CNCL.TO?
EIT-UN.TO: MER Including Issue Costs & Interest (%) is 2.13 which is high.
CNCL.TO: MER is 1.69% as at Dec 31 2025. Higher due to leverage costs - 25% leverage (125% exposure). Management fee alone is 0.65%.
Which fund has more assets under management, EIT-UN.TO or CNCL.TO?
EIT-UN.TO: 3 Billion AUM in this fund. One of Canada’s largest closed-end funds.
CNCL.TO: Net assets are about 17.49 million which is below the 100 million threshold.
Which fund has been trading longer, EIT-UN.TO or CNCL.TO?
EIT-UN.TO: Fund inception date was August 1997.
CNCL.TO: Fund inception date was July 5 2023 - about 2.9 years which rounds up to 3 years.
Who manages EIT-UN.TO vs CNCL.TO?
EIT-UN.TO: Canoe manages more than 20.5 Billion in Assets.
CNCL.TO: Managed by Global X (Mirae Asset) which has well over 40 billion under management.
Where can I see the full EIT-UN.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.
What is the difference between EIT-UN.TO and CNCL.TO?
Canoe EIT Income Fund - Canada is a Diversified Fund. MER Including Issue Costs & Interest (%) is 2.13 which is high. Global X Enhanced S&P/TSX 60 Covered Call ETF - Canada is a Index Based Fund. MER is 1.69% as at Dec 31 2025. Higher due to leverage costs - 25% leverage (125% exposure). Management fee alone is 0.65%. Full comparison including Dependability Score is available in the Dependable Income Investing app.
Which is better for income investors, EIT-UN.TO or CNCL.TO?
EIT-UN.TO: MER Including Issue Costs & Interest (%) is 2.13 which is high. Fund inception date was August 1997. CNCL.TO: MER is 1.69% as at Dec 31 2025. Higher due to leverage costs - 25% leverage (125% exposure). Management fee alone is 0.65%. Fund inception date was July 5 2023 - about 2.9 years which rounds up to 3 years. Which scores higher on Dependability and Return is available in the Dependable Income Investing app.
Do EIT-UN.TO and CNCL.TO pay monthly distributions?
EIT-UN.TO: Pays distributions monthly. CNCL.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 EIT-UN.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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