FXM vs. ENCC ETF Comparison

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

$22.12

Average Daily Volume

3,146

Number of Holdings *

9

* may have additional holdings in another (foreign) market
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

$11.59

Average Daily Volume

65,809

Number of Holdings *

10

* may have additional holdings in another (foreign) market
Performance
Period FXM ENCC
30 Days 1.75% -1.07%
60 Days 5.69% 5.22%
90 Days 10.30% 12.69%
12 Months 6.08% 8.27%
2 Overlapping Holdings
Symbol Grade Weight in FXM Weight in ENCC Overlap
MEG B 3.51% 8.03% 3.51%
VET C 3.61% 7.04% 3.61%
FXM Overweight 7 Positions Relative to ENCC
Symbol Grade Weight
K A 3.71%
FTT B 3.62%
BBD.B A 3.61%
AC D 3.56%
DOO C 3.42%
MFC A 3.41%
AQN B 3.38%
FXM Underweight 8 Positions Relative to ENCC
Symbol Grade Weight
TOU B -8.34%
ERF B -8.3%
ARX A -7.89%
CVE B -7.28%
IMO B -7.16%
CNQ B -6.68%
WCP B -6.62%
SU A -6.59%
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