PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

Global X Enhanced Equal Weight Canadian Banks Covered Call ETF (BKCL.TO) Sharpe Ratio: 4.30

ETF · Currency in CAD · Last updated Jun 3, 2026

BKCL seeks to provide exposure to an equal-weighted index of diversified Canadian banks while generating high monthly income through a dynamic covered call option writing program and employing leverage to enhance returns.

BKCL.TO's Sharpe Ratio of 4.30 indicates that for each unit of volatility, it generates 4.30 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 3, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

BKCL.TO Sharpe Ratio Rank

BKCL.TO Sharpe Ratio Rank: 96.096
Exceptional

BKCL.TO ranks above 96.0% of all investments in our database based on Sharpe Ratio over the past 12 months, demonstrating exceptional risk-adjusted returns. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Suitable as a core holding given strong risk-adjusted returns
  • Monitor rank changes to detect deteriorating return-to-volatility profile
  • Exceptional Sharpe ratio supports larger position sizes
  • Compare with category peers to assess whether strength is investment-specific or category-wide

BKCL.TO Sharpe Ratio Market Positioning

The chart shows BKCL.TO's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.91 or lower
  • Yellow zone (middle 50%): 0.91 to 2.51
  • Green zone (top 25%): 2.51 or higher
  • Top 1%: 7.80+
  • Median: 1.77 — half of all investments score higher

How it compares to other similar ETFs

The table compares Global X Enhanced Equal Weight Canadian Banks Covered Call ETF's Sharpe Ratio with other ETFs in the Financials Equities, Derivative Income category across multiple time periods, showing how BKCL.TO's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 3, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
HLIF.TOHarvest Canadian Equity Income Leaders ETF Class A5.43
CBNK.TOMulvihill Canadian Bank Enhanced Yield ETF5.13
BNKL.TOGlobal X Enhanced Equal Weight Banks Index ETF5.00
HBNK.TOGlobal X Equal Weight Banks Index ETF4.91
ZEB.TOBMO Equal Weight Banks Index ETF4.88
HEB.TOHamilton Canadian Bank Equal-Weight Index ETF4.75
RBNK.TORBC Canadian Bank Yield Index ETF4.70
BANK.TOEvolve Canadian Banks and Lifecos Enhanced Yield Index Fund4.64
CIC.TOCI Canadian Banks Covered Call Income Class ETF4.53
ZWB.TOBMO Covered Call Canadian Banks ETF4.51
BKCL.TOGlobal X Enhanced Equal Weight Canadian Banks Covered Call ETF4.30

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows BKCL.TO's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when BKCL.TO consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

Loading charts...

Sharpe Ratio Calculator

How does BKCL.TO fit in your portfolio?

Add your other holdings to see your portfolio's Sharpe Ratio and find out.

Analyze Your Portfolio