Global X Gold Producer Equity Covered Call ETF (GLCC.TO) Sharpe Ratio: 1.06

GLCC.TO's Sharpe Ratio of 1.06 indicates that for each unit of volatility, it generates 1.06 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 24, 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. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

GLCC.TO Sharpe Ratio Rank

Below Average

GLCC.TO ranks above 30.8% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. 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

Returns may not adequately compensate for volatility taken
Consider smaller allocation given below-average risk-adjusted profile
Explore higher-ranked investments with better consistency
Assess whether the volatility profile aligns with your portfolio goals

GLCC.TO Sharpe Ratio Market Positioning

The chart shows GLCC.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%): 0.83 or lower
Yellow zone (middle 50%): 0.83 to 2.16
Green zone (top 25%): 2.16 or higher
Top 1%: 7.02+
Median: 1.57 — half of all investments score higher

How it compares to other similar ETFs

The table compares Global X Gold Producer Equity Covered Call ETF's Sharpe Ratio with other ETFs in the Derivative Income, Gold, Precious Metals category across multiple time periods, showing how GLCC.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 24, 2026.

Symbol	Name	1Y Sharpe Ratio
CBNK.TO	Mulvihill Canadian Bank Enhanced Yield ETF	6.40
BANK.TO	Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund	5.53
ZWB.TO	BMO Covered Call Canadian Banks ETF	5.36
HLIF.TO	Harvest Canadian Equity Income Leaders ETF Class A	5.32
BKCL.TO	Global X Enhanced Equal Weight Canadian Banks Covered Call ETF	5.01
BKCC.TO	Global X Equal Weight Canadian Bank Covered Call ETF	4.77
HMAX.TO	Hamilton Canadian Financials Yield Maximizer ETF	4.26
GOGY.TO	Harvest Alphabet Enhanced High Income Shares ETF Class A Units	3.89
RCDC.TO	RBC Canadian Dividend Covered Call ETF	3.80
ZWC.TO	BMO CA High Dividend Covered Call ETF	3.66
GLCC.TO	Global X Gold Producer Equity Covered Call ETF	1.06

Benchmark Against

Benchmark

S&P 500 Index

Lookback Period

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Historical Sharpe Ratio

The chart shows GLCC.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 GLCC.TO consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

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