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
HBIL.TO	Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...	0.35%	235.30M	Sep 2024	USCL.TO vs HBIL.TO
JEPI.TO	JPMorgan US Equity Premium Income Active ETF	0.35%	—	Sep 2024	USCL.TO vs JEPI.TO

Best Risk-Adjusted Alternatives to USCL.TO

USCL.TO has a PortfoliosLab risk / return rank of 75. There are 27 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	96	—	Feb 2022	USCL.TO vs CBNK.TO
BANK.TO	Evolve Canadian Banks and Lifecos Enhanced Yield I...	96	1.08B	Feb 2022	USCL.TO vs BANK.TO
BKCL.TO	Global X Enhanced Equal Weight Canadian Banks Cove...	95	187.53M	Jul 2023	USCL.TO vs BKCL.TO
BKCC.TO	Global X Equal Weight Canadian Bank Covered Call E...	94	370.01M	May 2011	USCL.TO vs BKCC.TO

Top Performing USCL.TO Alternatives (YTD)

USCL.TO is at 11.57% YTD. There are 39 ETFs in the Derivative Income category with higher YTD returns, going as high as 59.96%.

Symbol	Name	YTD Return	AUM	Inception
YAVG.NEO	Broadcom (AVGO) Yield Shares Purpose ETF	59.96%	—	Feb 2025	USCL.TO vs YAVG.NEO
AVGY.TO	Harvest Broadcom Enhanced High Income Shares ETF -...	42.92%	—	Mar 2025	USCL.TO vs AVGY.TO
CNQE.TO	Harvest CNQ Enhanced High Income Shares ETF	39.35%	—	Aug 2025	USCL.TO vs CNQE.TO
ENCL.TO	Global X Enhanced Canadian Oil and Gas Equity Cove...	36.58%	286.32M	Oct 2023	USCL.TO vs ENCL.TO
NXF.TO	CI Energy Giants Covered Call ETF Common Units (CA...	32.43%	116.31M	Feb 2015	USCL.TO vs NXF.TO

Lowest Volatility Alternatives to USCL.TO

USCL.TO has 11.79% 1-year volatility. There are 26 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 1.66%.

Symbol	Name	Volatility 1Y	AUM	Inception
HBIL.TO	Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...	1.66%	235.30M	Sep 2024	USCL.TO vs HBIL.TO
HPYM.TO	Harvest Premium Yield 7-10 Year Treasury ETF - Cla...	4.53%	226.83M	Jan 2024	USCL.TO vs HPYM.TO
UMAX.TO	Hamilton Utilities YIELD MAXIMIZER ETF	6.65%	1.34B	Jun 2023	USCL.TO vs UMAX.TO
HLIF.TO	Harvest Canadian Equity Income Leaders ETF Class A	6.85%	—	Jun 2022	USCL.TO vs HLIF.TO
ZWU.TO	BMO Covered Call Utilities ETF	7.59%	2.17B	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 29 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%	235.30M	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...	-3.85%	226.83M	Jan 2024	USCL.TO vs HPYM.TO
HUTE.TO	Harvest Equal Weight Global Utilities Enhanced Inc...	-4.57%	97.17M	Oct 2022	USCL.TO vs HUTE.TO
ZWU.TO	BMO Covered Call Utilities ETF	-4.86%	2.17B	Oct 2011	USCL.TO vs ZWU.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	100	0.83%	6.70B	Nov 2021	USCL.TO vs CASH.TO
CBIL.TO	Global X 0-3 Month T-Bill ETF	Canadian Government Bonds	99	0.85%	2.27B	Apr 2023	USCL.TO vs CBIL.TO
QQCL.TO	Global X Enhanced NASDAQ-100 Covered Call ETF	Nasdaq-100, Derivative Income	81	20.85%	364.56M	Oct 2023	USCL.TO vs QQCL.TO
HXS.TO	Global X S&P 500 Index Corporate Class ETF	S&P 500	71	11.99%	6.67B	Nov 2010	USCL.TO vs HXS.TO
HXT.TO	Global X S&P/TSX 60 Corporate Class ETF	Canada Equities	81	10.03%	5.16B	Sep 2010	USCL.TO vs HXT.TO
HSAV.TO	Global X Cash Maximizer Corporate Class ETF	Bank Loan	66	1.04%	1.92B	Feb 2020	USCL.TO vs HSAV.TO
CHPS.TO	Global X Artificial Intelligence Semiconductor Ind...	Semiconductors, Technology Equities	94	66.03%	342.08M	Jun 2021	USCL.TO vs CHPS.TO
HBNK.TO	Global X Equal Weight Banks Index ETF	Financials Equities	96	18.85%	—	Jul 2023	USCL.TO vs HBNK.TO
QQCC.TO	Global X NASDAQ-100 Covered Call ETF	Nasdaq-100, Derivative Income	82	16.94%	713.85M	Sep 2011	USCL.TO vs QQCC.TO
GLCC.TO	Global X Gold Producer Equity Covered Call ETF	Derivative Income, Gold	39	-0.45%	597.10M	Apr 2011	USCL.TO vs GLCC.TO

Often Compared With USCL.TO

Investors most often compare USCL.TO with HYLD.TO, MSTE.TO, SDAY.NEO. These 20 comparison targets span 10 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	75	15.73%	1.29B	Feb 2022	USCL.TO vs HYLD.TO
MSTE.TO	Harvest MicroStrategy Enhanced High Income Shares ...	Derivative Income	1	-20.32%	—	Mar 2025	USCL.TO vs MSTE.TO
SDAY.NEO	Hamilton Enhanced U.S. Equity DayMAX™ ETF	Derivative Income	—	9.14%	—	Jul 2025	USCL.TO vs SDAY.NEO
VFV.TO	Vanguard S&P 500 Index ETF	S&P 500	74	12.30%	32.85B	Nov 2012	USCL.TO vs VFV.TO
QQQY	Defiance Nasdaq 100 Enhanced Options Income ETF	Nasdaq-100, Options Trading, Dividend	74	19.07%	189.73M	Sep 2023	USCL.TO vs QQQY
TSLA.TO	Tesla CDR (CAD Hedged)		53	-6.91%	—	—	USCL.TO vs TSLA.TO
XEQT.TO	iShares Core Equity ETF Portfolio	Global Equities	75	12.29%	18.41B	Aug 2019	USCL.TO vs XEQT.TO
HDIV.TO	Hamilton Enhanced Multi-Sector Covered Call ETF	Derivative Income	92	16.21%	1.63B	Jul 2021	USCL.TO vs HDIV.TO
IDVO	Amplify International Enhanced Dividend Income ETF	Foreign Large Cap Equities, Dividend	67	14.12%	1.24B	Sep 2022	USCL.TO vs IDVO
SMAX.TO	Hamilton U.S. Equity YIELD MAXIMIZER ETF	Derivative Income	94	18.79%	1.07B	Oct 2023	USCL.TO vs SMAX.TO
SPY	State Street SPDR S&P 500 ETF	S&P 500	70	10.91%	781.00B	Jan 1993	USCL.TO vs SPY
HYLD-U.TO	Hamilton Enhanced U.S. Covered Call ETF (USD)	Derivative Income	73	15.12%	937.07M	Feb 2022	USCL.TO vs HYLD-U.TO
USCC.TO	Global X S&P 500 Covered Call ETF	Derivative Income, S&P 500	80	9.71%	400.59M	Sep 2011	USCL.TO vs USCC.TO
EQCL.TO	Global X Enhanced All-Equity Asset Allocation Cove...	Derivative Income	78	12.75%	62.65M	Oct 2023	USCL.TO vs EQCL.TO
GLDX.TO	Global X Gold Producers Index ETF	Commodity Producers Equities	45	-0.91%	—	Nov 2024	USCL.TO vs GLDX.TO
HLIT.TO	Global X Lithium Producers Index ETF	Commodity Producers Equities	87	25.27%	—	Jun 2021	USCL.TO vs HLIT.TO
PDIV.TO	Purpose Enhanced Dividend Fund ETF	Dividend	82	7.12%	212.60M	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
ENCC.TO	Global X Canadian Oil and Gas Equity Covered Call ...	Derivative Income, Energy Equities	85	29.01%	759.08M	Apr 2011	USCL.TO vs ENCC.TO
ZSP.TO	BMO S&P 500 Index ETF	S&P 500	72	12.15%	23.82B	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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Diversifiers

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