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Global X S&P 500 Covered Call ETF (USCC.TO) Sharpe Ratio: 2.42

ETF · Currency in CAD · Last updated Jun 24, 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.

USCC.TO's Sharpe Ratio of 2.42 indicates that for each unit of volatility, it generates 2.42 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.

USCC.TO Sharpe Ratio Rank

USCC.TO Sharpe Ratio Rank: 81.882
Exceptional

USCC.TO ranks above 81.8% of all investments in our database based on Sharpe Ratio over the past 12 months, demonstrating exceptional risk-adjusted returns. 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

  • Suitable as a core holding given strong risk-adjusted returns
  • Monitor rank changes to detect deteriorating return-to-volatility profile
  • Exceptional Sharpe ratio supports larger position sizes
  • Compare with category peers to assess whether strength is investment-specific or category-wide

USCC.TO Sharpe Ratio Market Positioning

The chart shows USCC.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%: 6.99+
  • Median: 1.57 — half of all investments score higher

How it compares to other similar ETFs

The table compares Global X S&P 500 Covered Call ETF's Sharpe Ratio with other ETFs in the Derivative Income, S&P 500 category across multiple time periods, showing how USCC.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.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
CBNK.TOMulvihill Canadian Bank Enhanced Yield ETF6.40
BANK.TOEvolve Canadian Banks and Lifecos Enhanced Yield Index Fund5.53
ZWB.TOBMO Covered Call Canadian Banks ETF5.36
HLIF.TOHarvest Canadian Equity Income Leaders ETF Class A5.32
BKCL.TOGlobal X Enhanced Equal Weight Canadian Banks Covered Call ETF5.01
BKCC.TOGlobal X Equal Weight Canadian Bank Covered Call ETF4.77
HMAX.TOHamilton Canadian Financials Yield Maximizer ETF4.26
GOGY.TOHarvest Alphabet Enhanced High Income Shares ETF Class A Units3.89
RCDC.TORBC Canadian Dividend Covered Call ETF3.80
ZWC.TOBMO CA High Dividend Covered Call ETF3.66
USCC.TOGlobal X S&P 500 Covered Call ETF2.42

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows USCC.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 USCC.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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