Global X S&P 500 Covered Call ETF (USCC-U.TO)

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Global X S&P 500 Covered Call ETF (USCC-U.TO) is up 7.6% since the beginning of the year. USCC-U.TO is currently trading at $15 per share. Investors who bought $1,000 worth of USCC-U.TO shares 5 years ago would now be looking at an investment worth $1,593.

Global X S&P 500 Covered Call ETF (USCC-U.TO) has returned 7.58% so far this year and 19.02% over the past 12 months. Over the last ten years, USCC-U.TO has returned 11.82% per year, falling short of the S&P 500 Index benchmark, which averaged 13.36% annually.

Based on dividend-adjusted daily data since Sep 13, 2011, USCC-U.TO's average daily return is +0.05%, while the average monthly return is +0.90%. At this rate, an investment would double in approximately 6.4 years.

Historically, 69% of months were positive and 31% were negative. The best month was Nov 2020 with a return of +10.8%, while the worst month was Mar 2020 at -11.2%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 3 months.

On a daily basis, USCC-U.TO closed higher 38% of trading days. The best single day was Jan 24, 2019 with a return of +33.8%, while the worst single day was Jan 28, 2019 at -25.4%.

Global X S&P 500 Covered Call ETF has an annualized alpha of 7.07%, beta of 0.36, and R2 of 0.08 versus S&P 500 Index. Calculated based on daily prices since September 13, 2011.

• This ETF participated in 72.17% of S&P 500 Index downside but only 69.48% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.36 may look defensive, but with R2 of 0.08 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R2 of 0.08 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

USCC-U.TO ranks 71 for risk / return — better than 71% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

Global X S&P 500 Covered Call ETF provided a 9.66% dividend yield over the last twelve months, with an annual payout of $1.44 per share. The fund has been increasing its distributions for 6 consecutive years.

The table displays the monthly dividend distributions for Global X S&P 500 Covered Call ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Global X S&P 500 Covered Call ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Global X S&P 500 Covered Call ETF was 41.14%, occurring on Mar 23, 2020. Recovery took 211 trading sessions.

The current Global X S&P 500 Covered Call ETF drawdown is 0.70%.

The chart below shows the rolling one-month volatility.