HUTE.TO vs ENCL.TO: Income Fund Comparison
Harvest Equal Weight Global Utilities Enhanced Income ETF - Canada (HUTE.TO) and Global X Enhanced Canadian Oil And Gas Equity Covered Call ETF - Canada (ENCL.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: HUTE.TO individual review · ENCL.TO individual review
HUTE.TO: Management expense ratio is 1.89% per ETF Facts dated April 22 2026 - higher due to leverage costs - approximately 25% leverage via cash borrowings against net asset value. ENCL.TO: MER is 2.29% which is high due to interest costs of the leverage. HUTE.TO inception date was October 25 2022 - approximately 3.8 years of history as of the review date - rounds up to 4 years. ENCL.TO fund started October 11th 2023. Full Dependability and Return scores for both funds are available in the app.
| HUTE.TO | ENCL.TO | |
|---|---|---|
| Fund Name | Harvest Equal Weight Global Utilities Enhanced Income ETF - Canada | Global X Enhanced Canadian Oil And Gas Equity Covered Call ETF - Canada |
| Fund Type | Sector Based Fund - Utilities | Sector Based Fund - Energy |
| Exchange | TSX | TSX |
| Last Reviewed | Aug 16, 2026 | Dec 24, 2025 |
| Author | Adam Hyde, Income Investing Analyst | |
🔒 Full scores available — with Premium subscription
Compare Performance — Free →Fund Attributes: HUTE.TO vs ENCL.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.
Management expense ratio is 1.89% per ETF Facts dated April 22 2026 - higher due to leverage costs - approximately 25% leverage via cash borrowings against net asset value.
MER is 2.29% which is high due to interest costs of the leverage.
Harvest ETFs reports 12.5 billion in AUM as at July 31 2026 per its About page.
Mirae Asset Global Investments - a South Korean financial services company - manages over US$200 billion in assets worldwide.
Inception date was October 25 2022 - approximately 3.8 years of history as of the review date - rounds up to 4 years.
Fund started October 11th 2023.
Net AUM is 109.20 million as at 2026/08/14 per the fund product page - still under the 200 million tier.
900 Million in ENCC.TO and ENCL.TO which are effectively the same fund.
Risk: HUTE.TO vs ENCL.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.
Beta vs SPY is 0.26 (period 2022-11-04 to 2026-08-15 - calculation result) - low market sensitivity so the standalone volatility score drives the rating; standalone volatility is 14.01% annualized (weekly total returns - calculation result) - low-to-moderate price choppiness.
Beta is approximately 1.2
See the full Risk analysis for both HUTE.TO and ENCL.TO — volatility ratings, diversification scores, and analyst notes.
View Plans →Return: HUTE.TO vs ENCL.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.
Distribution history confirms one payment per month.
Pays monthly.
See the full Return analysis for both HUTE.TO and ENCL.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 HUTE.TO and ENCL.TO are available in the Dependable Income Investing app.
See our full scoring methodology →
Frequently Asked Questions: HUTE.TO vs ENCL.TO
Which has a lower expense ratio, HUTE.TO or ENCL.TO?
HUTE.TO: Management expense ratio is 1.89% per ETF Facts dated April 22 2026 - higher due to leverage costs - approximately 25% leverage via cash borrowings against net asset value.
ENCL.TO: MER is 2.29% which is high due to interest costs of the leverage.
Which fund has more assets under management, HUTE.TO or ENCL.TO?
HUTE.TO: Net AUM is 109.20 million as at 2026/08/14 per the fund product page - still under the 200 million tier.
ENCL.TO: 900 Million in ENCC.TO and ENCL.TO which are effectively the same fund.
Which fund has been trading longer, HUTE.TO or ENCL.TO?
HUTE.TO: Inception date was October 25 2022 - approximately 3.8 years of history as of the review date - rounds up to 4 years.
ENCL.TO: Fund started October 11th 2023.
Who manages HUTE.TO vs ENCL.TO?
HUTE.TO: Harvest ETFs reports 12.5 billion in AUM as at July 31 2026 per its About page.
ENCL.TO: Mirae Asset Global Investments - a South Korean financial services company - manages over US$200 billion in assets worldwide.
Where can I see the full HUTE.TO vs ENCL.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 HUTE.TO and ENCL.TO?
Harvest Equal Weight Global Utilities Enhanced Income ETF - Canada is a Sector Based Fund - Utilities. Management expense ratio is 1.89% per ETF Facts dated April 22 2026 - higher due to leverage costs - approximately 25% leverage via cash borrowings against net asset value. Global X Enhanced Canadian Oil And Gas Equity Covered Call ETF - Canada is a Sector Based Fund - Energy. MER is 2.29% which is high due to interest costs of the leverage. Full comparison including Dependability Score is available in the Dependable Income Investing app.
Which is better for income investors, HUTE.TO or ENCL.TO?
HUTE.TO: Management expense ratio is 1.89% per ETF Facts dated April 22 2026 - higher due to leverage costs - approximately 25% leverage via cash borrowings against net asset value. Inception date was October 25 2022 - approximately 3.8 years of history as of the review date - rounds up to 4 years. ENCL.TO: MER is 2.29% which is high due to interest costs of the leverage. Fund started October 11th 2023. Which scores higher on Dependability and Return is available in the Dependable Income Investing app.
Do HUTE.TO and ENCL.TO pay monthly distributions?
HUTE.TO: Distribution history confirms one payment per month. ENCL.TO: Pays monthly. Full yield and distribution stability scores for both funds are available in the Dependable Income Investing app.
See the Full HUTE.TO vs ENCL.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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