BCCL.NEO vs. AVGY.TO
BCCL.NEO (Global X Enhanced Bitcoin Covered Call ETF) and AVGY.TO (Harvest Broadcom Enhanced High Income Shares ETF - Class A Units) are both Derivative Income funds. Both are actively managed. Over the past year, BCCL.NEO returned -40.36% vs 107.90% for AVGY.TO. At a 0.22 correlation, their price movements are largely independent.
Performance
BCCL.NEO vs. AVGY.TO - Performance Comparison
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Returns By Period
In the year-to-date period, BCCL.NEO achieves a -27.54% return, which is significantly lower than AVGY.TO's 42.92% return.
BCCL.NEO
- 1D
- -3.22%
- 1M
- -17.13%
- YTD
- -27.54%
- 6M
- -33.09%
- 1Y
- -40.36%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AVGY.TO
- 1D
- -0.45%
- 1M
- 19.17%
- YTD
- 42.92%
- 6M
- 27.21%
- 1Y
- 107.90%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BCCL.NEO vs. AVGY.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BCCL.NEO Global X Enhanced Bitcoin Covered Call ETF | -27.54% | -6.58% |
AVGY.TO Harvest Broadcom Enhanced High Income Shares ETF - Class A Units | 42.92% | 91.32% |
Correlation
The correlation between BCCL.NEO and AVGY.TO is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since May 1, 2025 | 0.22 |
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Return for Risk
BCCL.NEO vs. AVGY.TO — Risk / Return Rank
BCCL.NEO
AVGY.TO
BCCL.NEO vs. AVGY.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Enhanced Bitcoin Covered Call ETF (BCCL.NEO) and Harvest Broadcom Enhanced High Income Shares ETF - Class A Units (AVGY.TO). 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.
| BCCL.NEO | AVGY.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.31 | ||
| Sortino ratioReturn per unit of downside risk | -4.23 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.38 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | -0.77 | 3.81 | -4.58 |
| Martin ratioReturn relative to average drawdown | -1.36 | 8.81 | -10.17 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BCCL.NEO | AVGY.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.92 | 2.39 | -3.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.69 | 2.30 | -2.99 |
Drawdowns
BCCL.NEO vs. AVGY.TO - Drawdown Comparison
The maximum BCCL.NEO drawdown since its inception was -52.47%, which is greater than AVGY.TO's maximum drawdown of -28.78%. Use the drawdown chart below to compare losses from any high point for BCCL.NEO and AVGY.TO.
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Drawdown Indicators
| BCCL.NEO | AVGY.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.47% | -28.78% | -23.69% |
Max Drawdown (1Y)Largest decline over 1 year | -52.47% | -28.50% | -23.97% |
Current DrawdownCurrent decline from peak | -50.69% | -0.45% | -50.24% |
Average DrawdownAverage peak-to-trough decline | -22.15% | -8.43% | -13.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.80% | 12.29% | +17.51% |
Volatility
BCCL.NEO vs. AVGY.TO - Volatility Comparison
The current volatility for Global X Enhanced Bitcoin Covered Call ETF (BCCL.NEO) is 12.21%, while Harvest Broadcom Enhanced High Income Shares ETF - Class A Units (AVGY.TO) has a volatility of 13.20%. This indicates that BCCL.NEO experiences smaller price fluctuations and is considered to be less risky than AVGY.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BCCL.NEO | AVGY.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.21% | 13.20% | -0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 32.89% | 33.23% | -0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.98% | 45.46% | -1.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.65% | 51.13% | -7.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.65% | 51.13% | -7.48% |
Dividends
BCCL.NEO vs. AVGY.TO - Dividend Comparison
BCCL.NEO's dividend yield for the trailing twelve months is around 40.66%, more than AVGY.TO's 19.08% yield.
| Position | TTM | 2025 |
|---|---|---|
AVGY.TO Harvest Broadcom Enhanced High Income Shares ETF - Class A Units | 19.08% | 14.82% |
BCCL.NEO Global X Enhanced Bitcoin Covered Call ETF | 40.66% | 16.02% |
Frequently Asked Questions
BCCL.NEO and AVGY.TO have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: Global X and Harvest.
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