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Global X Gold Producer Equity Covered Call ETF (GLCC.TO) Diversifiers

ETF · Currency in CAD · Last updated Jun 4, 2026

GLCC aims to provide exposure to an index of diversified North American listed gold producers while generating income through at least monthly distributions of dividend and call option income. It employs a dynamic covered call option writing strategy to mitigate downside risk and enhance income.

Looking to diversify beyond GLCC.TO? The ETFs below have the lowest correlation with GLCC.TO — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from GLCC.TO.

Best Diversifiers for GLCC.TO

47 ETFs have low correlation with GLCC.TO (below 0.3), 8 of which are negatively correlated.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
EMAX.TO
Hamilton Energy YIELD MAXIMIZER ETF-0.11——
70
Energy Equities, Derivative IncomeGLCC.TO vs EMAX.TO
PSA.TO
Purpose High Interest Savings Fund-0.070.000.01
100
Money MarketGLCC.TO vs PSA.TO
ENCL.TO
Global X Enhanced Canadian Oil and Gas Equity Cove...-0.07——
85
Oil & Gas, Derivative IncomeGLCC.TO vs ENCL.TO
NXF.TO
CI Energy Giants Covered Call ETF Common Units (CA...-0.060.120.17
73
Energy Equities, Derivative IncomeGLCC.TO vs NXF.TO
ENCC.TO
Global X Canadian Oil and Gas Equity Covered Call ...-0.060.120.17
85
Derivative Income, Energy EquitiesGLCC.TO vs ENCC.TO
See all 62 diversifiers for GLCC.TO

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from GLCC.TO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GLCC.TO and solid risk/return profiles. The least correlated is Sprott Physical Gold Trust (PHYS.TO) (Financial Services) with a 1Y correlation of 0.76, roughly unchanged from 0.67 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
PHYS.TO
Sprott Physical Gold Trust0.760.710.67
73
Financial Services

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Diversification Analysis

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