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

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The chart shows the growth of an initial investment of CA$10,000 in Global X S&P 500 Covered Call ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Global X S&P 500 Covered Call ETF (USCC.TO) has returned -2.45% so far this year and 10.07% over the past 12 months. Over the last ten years, USCC.TO has returned 10.31% per year, falling short of the S&P 500 Index benchmark, which averaged 12.91% annually.

Based on dividend-adjusted daily data since May 14, 2012, USCC.TO's average daily return is +0.06%, while the average monthly return is +0.86%. At this rate, your investment would double in approximately 6.7 years.

Historically, 69% of months were positive and 31% were negative. The best month was Apr 2020 with a return of +10.8%, while the worst month was Jun 2022 at -9.1%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 4 months.

On a daily basis, USCC.TO closed higher 52% of trading days. The best single day was Mar 24, 2020 with a return of +9.0%, while the worst single day was Mar 16, 2020 at -8.3%.

Global X S&P 500 Covered Call ETF has an annualized alpha of 11.04%, beta of 0.63, and R² of 0.36 versus S&P 500 Index. Calculated based on daily prices since January 21, 2014.

• This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (83.90%) than losses (46.03%) — typical of diversified or defensive assets.
• Beta of 0.63 may look defensive, but with R² of 0.36 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 0.36 means the benchmark explains less than half of this ETF's behavior — treat beta with caution or consider switching to a more representative benchmark.

USCC.TO has an expense ratio of 0.49%, placing it in the medium range.

USCC.TO ranks 35 for risk / return — below 35% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

The table below present risk-adjusted performance metrics for Global X S&P 500 Covered Call ETF (USCC.TO) and compare them to a chosen benchmark (S&P 500 Index).

Global X S&P 500 Covered Call ETF provided a 9.61% dividend yield over the last twelve months, with an annual payout of CA$1.82 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 28.48%, occurring on Mar 23, 2020. Recovery took 65 trading sessions.

The current Global X S&P 500 Covered Call ETF drawdown is 5.05%.

The chart below shows the rolling one-month volatility.