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

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 funds that fit a different role in your portfolio.

Cheapest Alternatives to USCL.TO

USCL.TO charges 0.04% annually. Among ETFs in the Derivative Income category, these options have the lowest expense ratios among USCL.TO alternatives.

Symbol	Name	Expense Ratio	Inception
EQLI.TO	Invesco S&P 500 Equal Weight Income Advantage ETF	0.29%	Nov 6, 2025	USCL.TO vs EQLI.TO
ECHI.TO	Ninepoint Enhanced Canadian HighShares ETF	0.29%	Aug 22, 2025	USCL.TO vs ECHI.TO
HBIL.TO	Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...	0.35%	Sep 12, 2024	USCL.TO vs HBIL.TO
JEPI.TO	JPMorgan US Equity Premium Income Active ETF	0.35%	Sep 27, 2024	USCL.TO vs JEPI.TO
JEPQ.TO	JPMorgan Nasdaq Equity Premium Income Active ETF	0.35%	Sep 27, 2024	USCL.TO vs JEPQ.TO

Best Risk-Adjusted Alternatives to USCL.TO

Among ETFs in the Derivative Income category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.

Symbol	Name	Risk / Return Rank	Inception
HLIF.TO	Harvest Canadian Equity Income Leaders ETF Class A	97	Jun 8, 2022	USCL.TO vs HLIF.TO
BKCC.TO	Global X Equal Weight Canadian Bank Covered Call E...	97	May 16, 2011	USCL.TO vs BKCC.TO
BKCL.TO	Global X Enhanced Equal Weight Canadian Banks Cove...	96	Jul 5, 2023	USCL.TO vs BKCL.TO
ZWC.TO	BMO CA High Dividend Covered Call ETF	96	Feb 3, 2017	USCL.TO vs ZWC.TO
BANK.TO	Evolve Canadian Banks and Lifecos Enhanced Yield I...	96	Feb 1, 2022	USCL.TO vs BANK.TO

Top Performing USCL.TO Alternatives (YTD)

USCL.TO alternatives from the Derivative Income category, sorted by year-to-date return.

Symbol	Name	YTD Return	Inception
EMAX.TO	Hamilton Energy YIELD MAXIMIZER ETF	31.32%	Feb 6, 2024	USCL.TO vs EMAX.TO
ENCL.TO	Global X Enhanced Canadian Oil and Gas Equity Cove...	30.98%	Oct 10, 2023	USCL.TO vs ENCL.TO
ENCC.TO	Global X Canadian Oil and Gas Equity Covered Call ...	21.92%	Apr 11, 2011	USCL.TO vs ENCC.TO
HUTE.TO	Harvest Equal Weight Global Utilities Enhanced Inc...	12.55%	Oct 25, 2022	USCL.TO vs HUTE.TO
ZWU.TO	BMO Covered Call Utilities ETF	11.68%	Oct 20, 2011	USCL.TO vs ZWU.TO

Lowest Volatility Alternatives to USCL.TO

USCL.TO alternatives from the Derivative Income category, sorted by annualized volatility over the past year.

Symbol	Name	Volatility 1Y	Inception
HBIL.TO	Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...	1.86%	Sep 12, 2024	USCL.TO vs HBIL.TO
UMAX.TO	Hamilton Utilities YIELD MAXIMIZER ETF	7.81%	Jun 14, 2023	USCL.TO vs UMAX.TO
ZWU.TO	BMO Covered Call Utilities ETF	9.12%	Oct 20, 2011	USCL.TO vs ZWU.TO
HLIF.TO	Harvest Canadian Equity Income Leaders ETF Class A	9.54%	Jun 8, 2022	USCL.TO vs HLIF.TO
HPYT.TO	Harvest Premium Yield Treasury ETF A	9.62%	May 30, 2024	USCL.TO vs HPYT.TO

Lowest Drawdown Alternatives to USCL.TO

USCL.TO alternatives from the Derivative Income category, sorted by maximum drawdown over the past year.

Symbol	Name	Max Drawdown 1Y	Inception
HBIL.TO	Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...	-1.30%	Sep 12, 2024	USCL.TO vs HBIL.TO
UMAX.TO	Hamilton Utilities YIELD MAXIMIZER ETF	-6.23%	Jun 14, 2023	USCL.TO vs UMAX.TO
ZWU.TO	BMO Covered Call Utilities ETF	-6.71%	Oct 20, 2011	USCL.TO vs ZWU.TO
BKCC.TO	Global X Equal Weight Canadian Bank Covered Call E...	-7.71%	May 16, 2011	USCL.TO vs BKCC.TO
HPYT.TO	Harvest Premium Yield Treasury ETF A	-7.76%	May 30, 2024	USCL.TO vs HPYT.TO

Other ETFs from Global X

Most popular Global X ETFs on PortfoliosLab, across asset classes.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
CASH.TO	Global X High Interest Savings ETF	Money Market	99	0.35%	Nov 1, 2021	USCL.TO vs CASH.TO
CBIL.TO	Global X 0-3 Month T-Bill ETF	Canadian Government Bonds	99	0.30%	Apr 12, 2023	USCL.TO vs CBIL.TO
QQCL.TO	Global X Enhanced NASDAQ-100 Covered Call ETF	Derivative Income	48	-4.67%	Oct 10, 2023	USCL.TO vs QQCL.TO
HXS.TO	Global X S&P 500 Index Corporate Class ETF	S&P 500	45	-3.28%	Nov 30, 2010	USCL.TO vs HXS.TO
HXT.TO	Global X S&P/TSX 60 Corporate Class ETF	Canada Equities	93	2.91%	Sep 14, 2010	USCL.TO vs HXT.TO
HSAV.TO	Global X Cash Maximizer Corporate Class ETF	Bank Loan	96	1.13%	Feb 5, 2020	USCL.TO vs HSAV.TO
HBNK.TO	Global X Equal Weight Banks Index ETF	Financials Equities	98	1.67%	Jul 5, 2023	USCL.TO vs HBNK.TO
CHPS.TO	Global X Artificial Intelligence Semiconductor Ind...	Semiconductors, Technology Equities	93	6.25%	Jun 21, 2021	USCL.TO vs CHPS.TO
QQCC.TO	Global X NASDAQ-100 Covered Call ETF	Derivative Income	48	-3.61%	Sep 13, 2011	USCL.TO vs QQCC.TO
GLCC.TO	Global X Gold Producer Equity Covered Call ETF	Derivative Income, Gold	90	5.98%	Apr 11, 2011	USCL.TO vs GLCC.TO

Often Compared With USCL.TO

What investors most often compare with USCL.TO, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
HYLD.TO	Hamilton Enhanced U.S. Covered Call ETF	Derivative Income	57	-8.12%	Feb 4, 2022	USCL.TO vs HYLD.TO
MSTE.TO	Harvest MicroStrategy Enhanced High Income Shares ...	Derivative Income	2	-15.65%	Mar 5, 2025	USCL.TO vs MSTE.TO
SDAY.NEO	Hamilton Enhanced U.S. Equity DayMAX™ ETF	Derivative Income	—	3.41%	Jul 14, 2025	USCL.TO vs SDAY.NEO
QQQY	Defiance Nasdaq 100 Enhanced Options Income ETF	Options Trading, Dividend	52	-5.94%	Sep 13, 2023	USCL.TO vs QQQY
VFV.TO	Vanguard S&P 500 Index ETF	S&P 500	48	-3.12%	Nov 2, 2012	USCL.TO vs VFV.TO
TSLA.TO	Tesla CDR (CAD Hedged)		68	-17.87%	—	USCL.TO vs TSLA.TO
XEQT.TO	iShares Core Equity ETF Portfolio	Global Equities	75	0.66%	Aug 7, 2019	USCL.TO vs XEQT.TO
IDVO	Amplify International Enhanced Dividend Income ETF	Foreign Large Cap Equities, Dividend, Actively Managed	91	7.15%	Sep 8, 2022	USCL.TO vs IDVO
SMAX.TO	Hamilton U.S. Equity YIELD MAXIMIZER ETF	Derivative Income	71	-2.43%	Oct 25, 2023	USCL.TO vs SMAX.TO
HDIV.TO	Hamilton Enhanced Multi-Sector Covered Call ETF	Derivative Income	92	3.20%	Jul 19, 2021	USCL.TO vs HDIV.TO
SPY	State Street SPDR S&P 500 ETF	S&P 500	64	-4.37%	Jan 22, 1993	USCL.TO vs SPY
PDIV.TO	Purpose Enhanced Dividend Fund ETF	Dividend	78	1.14%	Jan 2, 2018	USCL.TO vs PDIV.TO
USCC.TO	Global X S&P 500 Covered Call ETF	Derivative Income, S&P 500	37	-2.45%	Sep 13, 2011	USCL.TO vs USCC.TO
ZSP.TO	BMO S&P 500 Index ETF	S&P 500	47	-3.17%	Nov 14, 2012	USCL.TO vs ZSP.TO
EQCL.TO	Global X Enhanced All-Equity Asset Allocation Cove...	Derivative Income	52	-0.76%	Oct 10, 2023	USCL.TO vs EQCL.TO
HLIT.TO	Global X Lithium Producers Index ETF	Commodity Producers Equities	84	9.48%	Jun 22, 2021	USCL.TO vs HLIT.TO
GLDX.TO	Global X Gold Producers Index ETF	Commodity Producers Equities	92	8.02%	Nov 6, 2024	USCL.TO vs GLDX.TO
VOO	Vanguard S&P 500 ETF	S&P 500	65	-4.42%	Sep 7, 2010	USCL.TO vs VOO
HEWB.TO	Global X Equal Weight Canadian Banks Index Corpora...	Canada Equities	98	1.56%	Jan 22, 2019	USCL.TO vs HEWB.TO
QQQY.TO	Evolve NASDAQ Technology Enhanced Yield Index Fund	Derivative Income	66	-9.65%	Oct 6, 2025	USCL.TO vs QQQY.TO

Compare USCL.TO with Any Fund or Stock

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

Symbol name

Global X Enhanced S&P 500 Covered Call ETF

Symbol name