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

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

The Global X S&P 500 Covered Call ETF employs a dynamic covered call option writing program to mitigate downside risk and generate income, investing directly and through derivatives in large-cap U.S. equities.

Looking to diversify beyond USCC.TO? The ETFs below have the lowest correlation with USCC.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 USCC.TO.

Best Diversifiers for USCC.TO

15 ETFs have low correlation with USCC.TO (below 0.3), 5 of which are negatively correlated. The least correlated is Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC.TO) (Derivative Income) with a 1Y correlation of -0.14, down from 0.07 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
ENCC.TO
Global X Canadian Oil and Gas Equity Covered Call ...-0.140.060.07
85
Derivative Income, Energy EquitiesUSCC.TO vs ENCC.TO
UTES.TO
Evolve Canadian Utilities Enhanced Yield Index Fun...-0.140.020.02
75
Derivative IncomeUSCC.TO vs UTES.TO
NXF.TO
CI Energy Giants Covered Call ETF Common Units (CA...-0.130.010.06
73
Energy Equities, Derivative IncomeUSCC.TO vs NXF.TO
ENCL.TO
Global X Enhanced Canadian Oil and Gas Equity Cove...-0.12——
85
Oil & Gas, Derivative IncomeUSCC.TO vs ENCL.TO
ZWU.TO
BMO Covered Call Utilities ETF-0.080.050.11
58
Utilities Equities, Derivative IncomeUSCC.TO vs ZWU.TO
See all 53 diversifiers for USCC.TO

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Diversification Analysis

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