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

ETF · Currency in CAD · Last updated Jun 24, 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

43 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——
51
Energy Equities, Derivative IncomeGLCC.TO vs EMAX.TO
OILY.TO
Evolve Canadian Energy Enhanced Yield Index Fund E...-0.08——
62
Energy EquitiesGLCC.TO vs OILY.TO
ENCC.TO
Global X Canadian Oil and Gas Equity Covered Call ...-0.070.120.17
77
Derivative Income, Energy EquitiesGLCC.TO vs ENCC.TO
ENCL.TO
Global X Enhanced Canadian Oil and Gas Equity Cove...-0.07——
76
Energy Equities, Derivative IncomeGLCC.TO vs ENCL.TO
HUTS.TO
Hamilton Enhanced Utilities ETF-0.030.20—
94
Utilities EquitiesGLCC.TO vs HUTS.TO
See all 67 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 5N Plus Inc. (VNP.TO) (Basic Materials) with a 1Y correlation of 0.30, roughly unchanged from 0.21 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
VNP.TO
5N Plus Inc.0.300.190.21
98
Basic Materials
PHYS.TO
Sprott Physical Gold Trust0.780.720.68
65
Financial Services

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Diversification Analysis

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