BCCC vs. BCCL.NEO
BCCC (Global X Bitcoin Covered Call ETF) and BCCL.NEO (Global X Enhanced Bitcoin Covered Call ETF) are both exchange-traded funds - BCCC is a Cryptocurrency fund actively managed by Global X, while BCCL.NEO is a Derivative Income fund actively managed by Global X. Both are actively managed. Over the past year, BCCC returned -27.47% vs -40.47% for BCCL.NEO. Their correlation of 0.88 suggests significant overlap in exposure.
Performance
BCCC vs. BCCL.NEO - Performance Comparison
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Different Trading Currencies
BCCC is traded in USD, while BCCL.NEO is traded in CAD. To make them comparable, the BCCL.NEO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, BCCC achieves a -22.13% return, which is significantly higher than BCCL.NEO's -29.64% return.
BCCC
- 1D
- 1.83%
- 1M
- -13.01%
- YTD
- -22.13%
- 6M
- -21.74%
- 1Y
- -27.47%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BCCL.NEO
- 1D
- 0.86%
- 1M
- -17.74%
- YTD
- -29.64%
- 6M
- -30.35%
- 1Y
- -40.47%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BCCC vs. BCCL.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BCCC Global X Bitcoin Covered Call ETF | -22.13% | -7.02% |
BCCL.NEO Global X Enhanced Bitcoin Covered Call ETF | -29.64% | -17.60% |
Correlation
The correlation between BCCC and BCCL.NEO is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2025 | 0.88 |
The correlation between BCCC and BCCL.NEO has been stable across timeframes, ranging from 0.87 to 0.88 - a consistent structural relationship.
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Return for Risk
BCCC vs. BCCL.NEO — Risk / Return Rank
BCCC
BCCL.NEO
BCCC vs. BCCL.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Bitcoin Covered Call ETF (BCCC) and Global X Enhanced Bitcoin Covered Call ETF (BCCL.NEO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BCCC | BCCL.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.29 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 0.86 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.66 | -0.74 | +0.08 |
| Martin ratioReturn relative to average drawdown | -1.21 | -1.29 | +0.08 |
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Drawdowns
BCCC vs. BCCL.NEO - Drawdown Comparison
The maximum BCCC drawdown since its inception was -41.63%, smaller than the maximum BCCL.NEO drawdown of -55.08%. Use the drawdown chart below to compare losses from any high point for BCCC and BCCL.NEO.
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Drawdown Indicators
| BCCC | BCCL.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.63% | -55.08% | +13.45% |
Max Drawdown (1Y)Largest decline over 1 year | -41.63% | -55.08% | +13.45% |
Current DrawdownCurrent decline from peak | -37.76% | -51.17% | +13.41% |
Average DrawdownAverage peak-to-trough decline | -17.79% | -23.27% | +5.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.73% | 31.49% | -8.76% |
Volatility
BCCC vs. BCCL.NEO - Volatility Comparison
The current volatility for Global X Bitcoin Covered Call ETF (BCCC) is 10.69%, while Global X Enhanced Bitcoin Covered Call ETF (BCCL.NEO) has a volatility of 18.17%. This indicates that BCCC experiences smaller price fluctuations and is considered to be less risky than BCCL.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BCCC | BCCL.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.69% | 18.17% | -7.48% |
Volatility (6M)Calculated over the trailing 6-month period | 28.96% | 34.58% | -5.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.36% | 46.18% | -10.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.08% | 45.25% | -10.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.08% | 45.25% | -10.17% |
Dividends
BCCC vs. BCCL.NEO - Dividend Comparison
BCCC's dividend yield for the trailing twelve months is around 64.45%, more than BCCL.NEO's 41.14% yield.
| Position | TTM | 2025 |
|---|---|---|
BCCC Global X Bitcoin Covered Call ETF | 64.45% | 29.55% |
BCCL.NEO Global X Enhanced Bitcoin Covered Call ETF | 41.14% | 16.02% |
Frequently Asked Questions
BCCC and BCCL.NEO have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BCCC is categorized as Cryptocurrency, while BCCL.NEO is Derivative Income.
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