ENCC vs. FXM ETF Comparison

Comparison of Horizons Canadian Oil and Gas Equity Covered Call ETF (ENCC) to First Asset Morningstar Canada Value Index ETF (FXM)
ENCC

Horizons Canadian Oil and Gas Equity Covered Call ETF

ENCC Description

Horizons Canadian Oil and Gas Equity Covered Call ETF (ENCC) is a covered call ETF that gives investors exposure to some of the largest and most liquid Canadian oil & gas stocks and it then uses a covered call strategy to help generate additional income on the portfolio.

Grade (RS Rating)

Last Trade

$11.21

Average Daily Volume

67,963

Number of Holdings *

10

* may have additional holdings in another (foreign) market
FXM

First Asset Morningstar Canada Value Index ETF

FXM Description The ETF has been designed to replicate, to the extent possible, the performance of the Morningstar® Canada Target Value Index™ , net of expenses. The ETF invests in equity securities of the largest and most liquid Canadian issuers based on proprietary research generated by Morningstar, and is designed to provide diversified exposure to Canadian issuers which are considered to be “good value” based on characteristics like low price to earnings and low price to cash flow ratios.

Grade (RS Rating)

Last Trade

$21.39

Average Daily Volume

3,182

Number of Holdings *

9

* may have additional holdings in another (foreign) market
Performance
Period ENCC FXM
30 Days 0.09% -0.56%
60 Days 3.91% 3.51%
90 Days 8.76% 5.38%
12 Months 4.77% 3.35%
2 Overlapping Holdings
Symbol Grade Weight in ENCC Weight in FXM Overlap
MEG B 8.03% 3.51% 3.51%
VET D 7.04% 3.61% 3.61%
ENCC Overweight 8 Positions Relative to FXM
Symbol Grade Weight
TOU A 8.34%
ERF B 8.3%
ARX B 7.89%
CVE B 7.28%
IMO B 7.16%
CNQ B 6.68%
WCP B 6.62%
SU A 6.59%
ENCC Underweight 7 Positions Relative to FXM
Symbol Grade Weight
K B -3.71%
FTT A -3.62%
BBD.B A -3.61%
AC A -3.56%
DOO C -3.42%
MFC C -3.41%
AQN A -3.38%
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