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

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The chart shows the growth of an initial investment of CA$10,000 in Global X Enhanced 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 Enhanced S&P 500 Covered Call ETF (USCL.TO) has returned -5.43% so far this year and 8.98% over the past 12 months.

Based on dividend-adjusted daily data since Jul 6, 2023, USCL.TO's average daily return is +0.06%, while the average monthly return is +1.31%. At this rate, your investment would double in approximately 4.4 years.

Historically, 76% of months were positive and 24% were negative. The best month was Nov 2024 with a return of +7.0%, while the worst month was Mar 2025 at -6.9%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.

On a daily basis, USCL.TO closed higher 53% of trading days. The best single day was Apr 9, 2025 with a return of +10.3%, while the worst single day was Apr 3, 2025 at -6.8%.

Global X Enhanced S&P 500 Covered Call ETF has an annualized alpha of -0.01%, beta of 1.01, and R² of 0.88 versus S&P 500 Index. Calculated based on daily prices since July 07, 2023.

• With beta of 1.01 and R² of 0.88, this ETF moves broadly in line with S&P 500 Index — much of its variation is explained by market exposure rather than independent behavior.

USCL.TO has an expense ratio of 0.04%, which is considered low.

USCL.TO ranks 27 for risk / return — below 27% 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 Enhanced S&P 500 Covered Call ETF (USCL.TO) and compare them to a chosen benchmark (S&P 500 Index).

Global X Enhanced S&P 500 Covered Call ETF provided a 13.76% dividend yield over the last twelve months, with an annual payout of CA$2.94 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for Global X Enhanced 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 Enhanced 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 Enhanced S&P 500 Covered Call ETF was 21.85%, occurring on Apr 8, 2025. Recovery took 105 trading sessions.

The current Global X Enhanced S&P 500 Covered Call ETF drawdown is 8.56%.

The chart below shows the rolling one-month volatility.