BCCL.NEO vs. BCCC

Last updated Jun 4, 2026

BCCL.NEO (Global X Enhanced Bitcoin Covered Call ETF) and BCCC (Global X Bitcoin Covered Call ETF) are both exchange-traded funds - BCCL.NEO is a Derivative Income fund actively managed by Global X, while BCCC is a Cryptocurrency fund actively managed by Global X. Both are actively managed. Their correlation of 0.90 suggests significant overlap in exposure.

Performance

BCCL.NEO vs. BCCC - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X Enhanced Bitcoin Covered Call ETF (BCCL.NEO) and Global X Bitcoin Covered Call ETF (BCCC). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

BCCL.NEO is traded in CAD, while BCCC is traded in USD. To make them comparable, the BCCC values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, BCCL.NEO achieves a -27.54% return, which is significantly lower than BCCC's -20.49% return.

BCCL.NEO

• 1D: -3.22%
• 1M: -17.13%
• YTD: -27.54%
• 6M: -33.09%
• 1Y: -40.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BCCC

• 1D: -2.38%
• 1M: -13.20%
• YTD: -20.49%
• 6M: -22.48%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BCCL.NEO vs. BCCC - Yearly Performance Comparison

	2026 (YTD)	2025
BCCL.NEO Global X Enhanced Bitcoin Covered Call ETF	-27.54%	-16.02%
BCCC Global X Bitcoin Covered Call ETF	-20.49%	-6.84%

Correlation

The correlation between BCCL.NEO and BCCC is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025	0.90

Return for Risk

BCCL.NEO vs. BCCC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BCCL.NEO

BCCL.NEO Risk / Return Rank: 2
BCCL.NEO Sharpe Ratio Rank: 2
BCCL.NEO Sortino Ratio Rank: 2
BCCL.NEO Omega Ratio Rank: 2
BCCL.NEO Calmar Ratio Rank: 2
BCCL.NEO Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BCCL.NEO vs. BCCC - 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 Global X Bitcoin Covered Call ETF (BCCC). 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	BCCC	Difference
Sharpe ratio: Return per unit of total volatility	-0.92	—	—
Sortino ratio: Return per unit of downside risk	-1.30	—	—
Omega ratio: Gain probability vs. loss probability	0.86	—	—
Calmar ratio: Return relative to maximum drawdown	-0.77	—	—
Martin ratio: Return relative to average drawdown	-1.36	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	BCCL.NEO	BCCC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.92	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.69	-0.76	+0.07

Drawdowns

BCCL.NEO vs. BCCC - Drawdown Comparison

The maximum BCCL.NEO drawdown since its inception was -52.47%, which is greater than BCCC's maximum drawdown of -42.60%. Use the drawdown chart below to compare losses from any high point for BCCL.NEO and BCCC.

Drawdown Indicators

	BCCL.NEO	BCCC	Difference
Max Drawdown Largest peak-to-trough decline	-52.47%	-42.60%	-9.87%
Max Drawdown (1Y) Largest decline over 1 year	-52.47%	—	—
Current Drawdown Current decline from peak	-50.69%	-37.46%	-13.23%
Average Drawdown Average peak-to-trough decline	-22.15%	-17.20%	-4.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	29.80%	—	—

Volatility

Volatility by Period

	BCCL.NEO	BCCC	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.21%	—	—
Volatility (6M) Calculated over the trailing 6-month period	32.89%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	43.98%	34.29%	+9.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.65%	34.29%	+9.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.65%	34.29%	+9.36%

Dividends

BCCL.NEO vs. BCCC - Dividend Comparison

BCCL.NEO's dividend yield for the trailing twelve months is around 40.66%, less than BCCC's 62.51% yield.

Position	TTM	2025
BCCC Global X Bitcoin Covered Call ETF	62.51%	29.55%
BCCL.NEO Global X Enhanced Bitcoin Covered Call ETF	40.66%	16.02%

Frequently Asked Questions

Can I hold both BCCL.NEO and BCCC in my portfolio?

With a correlation of 0.90, BCCL.NEO and BCCC move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

What is the main difference between BCCL.NEO and BCCC?

BCCL.NEO is categorized as Derivative Income, while BCCC is Cryptocurrency.