BCCL.NEO vs. CNQE.TO
BCCL.NEO (Global X Enhanced Bitcoin Covered Call ETF) and CNQE.TO (Harvest CNQ Enhanced High Income Shares ETF) are both Derivative Income funds. Both are actively managed. At a correlation of -0.06, they often move in opposite directions.
Performance
BCCL.NEO vs. CNQE.TO - Performance Comparison
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Returns By Period
In the year-to-date period, BCCL.NEO achieves a -29.88% return, which is significantly lower than CNQE.TO's 38.88% return.
BCCL.NEO
- 1D
- -3.23%
- 1M
- -23.26%
- YTD
- -29.88%
- 6M
- -34.64%
- 1Y
- -41.11%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CNQE.TO
- 1D
- -0.34%
- 1M
- 1.72%
- YTD
- 38.88%
- 6M
- 34.99%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BCCL.NEO vs. CNQE.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BCCL.NEO Global X Enhanced Bitcoin Covered Call ETF | -29.88% | -24.72% |
CNQE.TO Harvest CNQ Enhanced High Income Shares ETF | 38.88% | 13.80% |
Correlation
The correlation between BCCL.NEO and CNQE.TO is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 22, 2025 | -0.06 |
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Return for Risk
BCCL.NEO vs. CNQE.TO — Risk / Return Rank
BCCL.NEO
CNQE.TO
BCCL.NEO vs. CNQE.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 CNQ Enhanced High Income Shares ETF (CNQE.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 | CNQE.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.85 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.79 | — | — |
| Martin ratioReturn relative to average drawdown | -1.37 | — | — |
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 | CNQE.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.94 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.74 | 2.45 | -3.19 |
Drawdowns
BCCL.NEO vs. CNQE.TO - Drawdown Comparison
The maximum BCCL.NEO drawdown since its inception was -52.47%, which is greater than CNQE.TO's maximum drawdown of -18.22%. Use the drawdown chart below to compare losses from any high point for BCCL.NEO and CNQE.TO.
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Drawdown Indicators
| BCCL.NEO | CNQE.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.47% | -18.22% | -34.25% |
Max Drawdown (1Y)Largest decline over 1 year | -52.47% | — | — |
Current DrawdownCurrent decline from peak | -52.28% | -6.40% | -45.88% |
Average DrawdownAverage peak-to-trough decline | -22.26% | -4.14% | -18.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.98% | — | — |
Volatility
BCCL.NEO vs. CNQE.TO - Volatility Comparison
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Volatility by Period
| BCCL.NEO | CNQE.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.08% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 32.14% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 44.02% | 33.04% | +10.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.68% | 33.04% | +10.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.68% | 33.04% | +10.64% |
Dividends
BCCL.NEO vs. CNQE.TO - Dividend Comparison
BCCL.NEO's dividend yield for the trailing twelve months is around 42.02%, more than CNQE.TO's 9.43% yield.
| Position | TTM | 2025 |
|---|---|---|
BCCL.NEO Global X Enhanced Bitcoin Covered Call ETF | 42.02% | 16.02% |
CNQE.TO Harvest CNQ Enhanced High Income Shares ETF | 9.43% | 4.42% |
Frequently Asked Questions
BCCL.NEO and CNQE.TO have a correlation of -0.06, 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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