USCL.TO Alternatives & Similar ETFs

Global X Enhanced S&P 500 Covered Call ETF (USCL.TO) belongs to the Derivative Income category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with USCL.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to USCL.TO

USCL.TO charges 0.04% annually. No ETFs in the Derivative Income category have lower expense ratios; the lowest-cost alternatives shown here go as low as 0.29%.

Symbol	Name	Expense Ratio	AUM	Inception
EQLI.TO	Invesco S&P 500 Equal Weight Income Advantage ETF	0.29%	155.19M	Nov 2025	USCL.TO vs EQLI.TO
ECHI.TO	Ninepoint Enhanced Canadian HighShares ETF	0.29%	—	Aug 2025	USCL.TO vs ECHI.TO
JEPQ.TO	JPMorgan Nasdaq Equity Premium Income Active ETF	0.35%	136.22M	Sep 2024	USCL.TO vs JEPQ.TO
JEPI.TO	JPMorgan US Equity Premium Income Active ETF	0.35%	—	Sep 2024	USCL.TO vs JEPI.TO
HBIL.TO	Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...	0.35%	227.30M	Sep 2024	USCL.TO vs HBIL.TO

Best Risk-Adjusted Alternatives to USCL.TO

USCL.TO has a PortfoliosLab risk / return rank of 76. There are 22 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 98.

Symbol	Name	Risk / Return Rank	AUM	Inception
HLIF.TO	Harvest Canadian Equity Income Leaders ETF Class A	98	—	Jun 2022	USCL.TO vs HLIF.TO
CBNK.TO	Mulvihill Canadian Bank Enhanced Yield ETF	98	—	Feb 2022	USCL.TO vs CBNK.TO
BANK.TO	Evolve Canadian Banks and Lifecos Enhanced Yield I...	97	1.16B	Feb 2022	USCL.TO vs BANK.TO
ZWB.TO	BMO Covered Call Canadian Banks ETF	97	4.65B	Jan 2011	USCL.TO vs ZWB.TO
BKCL.TO	Global X Enhanced Equal Weight Canadian Banks Cove...	97	197.22M	Jul 2023	USCL.TO vs BKCL.TO

Top Performing USCL.TO Alternatives (YTD)

USCL.TO is at 12.30% YTD. There are 45 ETFs in the Derivative Income category with higher YTD returns, going as high as 41.95%.

Symbol	Name	YTD Return	AUM	Inception
CBNK.TO	Mulvihill Canadian Bank Enhanced Yield ETF	41.95%	—	Feb 2022	USCL.TO vs CBNK.TO
ENCL.TO	Global X Enhanced Canadian Oil and Gas Equity Cove...	30.80%	267.19M	Oct 2023	USCL.TO vs ENCL.TO
YAVG.NEO	Broadcom (AVGO) Yield Shares Purpose ETF	28.52%	—	Feb 2025	USCL.TO vs YAVG.NEO
BANK.TO	Evolve Canadian Banks and Lifecos Enhanced Yield I...	27.46%	1.16B	Feb 2022	USCL.TO vs BANK.TO
BKCL.TO	Global X Enhanced Equal Weight Canadian Banks Cove...	26.81%	197.22M	Jul 2023	USCL.TO vs BKCL.TO

Lowest Volatility Alternatives to USCL.TO

USCL.TO has 12.32% 1-year volatility. There are 26 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 1.62%.

Symbol	Name	Volatility 1Y	AUM	Inception
HBIL.TO	Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...	1.62%	227.30M	Sep 2024	USCL.TO vs HBIL.TO
HPYM.TO	Harvest Premium Yield 7-10 Year Treasury ETF - Cla...	4.66%	230.93M	Jan 2024	USCL.TO vs HPYM.TO
UMAX.TO	Hamilton Utilities YIELD MAXIMIZER ETF	6.88%	1.36B	Jun 2023	USCL.TO vs UMAX.TO
HLIF.TO	Harvest Canadian Equity Income Leaders ETF Class A	6.98%	—	Jun 2022	USCL.TO vs HLIF.TO
ZWU.TO	BMO Covered Call Utilities ETF	7.68%	2.20B	Oct 2011	USCL.TO vs ZWU.TO

Lowest Drawdown Alternatives to USCL.TO

USCL.TO has a 1-year max drawdown of -8.56%. There are 30 ETFs in the Derivative Income category with shallower 1-year drawdowns, going as shallow as -0.95%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
HBIL.TO	Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...	-0.95%	227.30M	Sep 2024	USCL.TO vs HBIL.TO
HLIF.TO	Harvest Canadian Equity Income Leaders ETF Class A	-3.09%	—	Jun 2022	USCL.TO vs HLIF.TO
HPYM.TO	Harvest Premium Yield 7-10 Year Treasury ETF - Cla...	-3.87%	230.93M	Jan 2024	USCL.TO vs HPYM.TO
ZWU.TO	BMO Covered Call Utilities ETF	-4.86%	2.20B	Oct 2011	USCL.TO vs ZWU.TO
UMAX.TO	Hamilton Utilities YIELD MAXIMIZER ETF	-5.11%	1.36B	Jun 2023	USCL.TO vs UMAX.TO

Other ETFs from Global X

The 10 most viewed Global X ETFs shown here include CASH.TO, CBIL.TO, QQCL.TO and span 11 categories. AUM among these funds goes as high as $7B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
CASH.TO	Global X High Interest Savings ETF	Money Market	99	0.95%	6.67B	Nov 2021	USCL.TO vs CASH.TO
CBIL.TO	Global X 0-3 Month T-Bill ETF	Canadian Government Bonds	99	0.97%	2.36B	Apr 2023	USCL.TO vs CBIL.TO
QQCL.TO	Global X Enhanced NASDAQ-100 Covered Call ETF	Nasdaq-100, Derivative Income	76	20.21%	379.27M	Oct 2023	USCL.TO vs QQCL.TO
HXS.TO	Global X S&P 500 Index Corporate Class ETF	S&P 500	69	11.68%	7.12B	Nov 2010	USCL.TO vs HXS.TO
HXT.TO	Global X S&P/TSX 60 Index Corporate Class ETF	Canada Equities	86	11.58%	5.30B	Sep 2010	USCL.TO vs HXT.TO
CHPS.TO	Global X Artificial Intelligence Semiconductor Ind...	Semiconductors, Technology Equities	92	62.84%	416.39M	Jun 2021	USCL.TO vs CHPS.TO
HSAV.TO	Global X Cash Maximizer Corporate Class ETF	Money Market	61	0.90%	1.92B	Feb 2020	USCL.TO vs HSAV.TO
HBNK.TO	Global X Equal Weight Banks Index ETF	Financials Equities, Equal Weight	97	30.68%	—	Jul 2023	USCL.TO vs HBNK.TO
QQCC.TO	Global X NASDAQ-100 Covered Call ETF	Nasdaq-100, Derivative Income	77	16.46%	732.86M	Sep 2011	USCL.TO vs QQCC.TO
ENCC.TO	Global X Canadian Oil and Gas Equity Covered Call ...	Derivative Income, Energy Equities	77	24.43%	708.27M	Apr 2011	USCL.TO vs ENCC.TO

Often Compared With USCL.TO

Investors most often compare USCL.TO with HYLD.TO, MSTE.TO, SDAY.NEO. These 20 comparison targets span 11 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
HYLD.TO	Hamilton Enhanced U.S. Covered Call ETF	Derivative Income	64	12.62%	1.30B	Feb 2022	USCL.TO vs HYLD.TO
MSTE.TO	Harvest Strategy Inc. Enhanced High Income Shares ...	Derivative Income	1	-35.74%	365.84M	Mar 2025	USCL.TO vs MSTE.TO
SDAY.NEO	Hamilton Enhanced U.S. Equity DayMAX™ ETF	Derivative Income	—	13.74%	—	Jul 2025	USCL.TO vs SDAY.NEO
VFV.TO	Vanguard S&P 500 Index ETF	S&P 500	72	11.93%	32.85B	Nov 2012	USCL.TO vs VFV.TO
QQQY	Defiance Nasdaq 100 Enhanced Options Income ETF	Nasdaq-100, Options Trading, Dividend	57	14.69%	184.62M	Sep 2023	USCL.TO vs QQQY
TSLA.TO	Tesla CDR (CAD Hedged)		46	-16.21%	—	—	USCL.TO vs TSLA.TO
XEQT.TO	iShares Core Equity ETF Portfolio	Global Equities	80	12.92%	19.56B	Aug 2019	USCL.TO vs XEQT.TO
HDIV.TO	Hamilton Enhanced Canadian Covered Call ETF	Derivative Income	93	18.72%	1.70B	Jul 2021	USCL.TO vs HDIV.TO
SMAX.TO	Hamilton U.S. Equity YIELD MAXIMIZER ETF	Derivative Income	88	16.38%	1.09B	Oct 2023	USCL.TO vs SMAX.TO
IDVO	Amplify CWP International Enhanced Dividend Income...	Derivative Income, Dividend, Foreign Large Cap Equities	64	11.71%	1.27B	Sep 2022	USCL.TO vs IDVO
SPY	State Street SPDR S&P 500 ETF	S&P 500	59	8.15%	765.27B	Jan 1993	USCL.TO vs SPY
HYLD-U.TO	Hamilton Enhanced U.S. Covered Call ETF (USD)	Derivative Income	73	14.21%	919.57M	Feb 2022	USCL.TO vs HYLD-U.TO
USCC.TO	Global X S&P 500 Covered Call ETF	Derivative Income, S&P 500	80	10.19%	561.57M	Sep 2011	USCL.TO vs USCC.TO
EQCL.TO	Global X Enhanced All-Equity Asset Allocation Cove...	Derivative Income	81	14.50%	65.22M	Oct 2023	USCL.TO vs EQCL.TO
HLIT.TO	Global X Lithium Producers Index ETF	Lithium & Battery Metals	80	13.22%	—	Jun 2021	USCL.TO vs HLIT.TO
GLDX.TO	Global X Gold Producers Index ETF	Gold, Precious Metals	35	-7.62%	—	Nov 2024	USCL.TO vs GLDX.TO
PDIV.TO	Purpose Enhanced Dividend Fund ETF	Dividend	87	8.23%	223.90M	Jan 2018	USCL.TO vs PDIV.TO
PAYG.TO	Brompton Global Equity HighPay ETF	Global Equity Income, Derivative Income	—	—	—	Mar 2026	USCL.TO vs PAYG.TO
BKCC.TO	Global X Equal Weight Canadian Bank Covered Call E...	Derivative Income	96	21.49%	395.62M	May 2011	USCL.TO vs BKCC.TO
ZSP.TO	BMO S&P 500 Index ETF	S&P 500	72	11.86%	24.23B	Nov 2012	USCL.TO vs ZSP.TO

Compare USCL.TO with Any Fund or Stock

Compare USCL.TO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Pair USCL.TO with funds that move differently

Global X Enhanced S&P 500 Covered Call ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to USCL.TO.

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