BCCL.NEO vs. DIVO
BCCL.NEO (Global X Enhanced Bitcoin Covered Call ETF) and DIVO (Amplify CWP Enhanced Dividend Income ETF) are both Derivative Income funds. Both are actively managed. Over the past year, BCCL.NEO returned -40.36% vs 19.90% for DIVO. At a 0.17 correlation, their price movements are largely independent.
Performance
BCCL.NEO vs. DIVO - Performance Comparison
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Different Trading Currencies
BCCL.NEO is traded in CAD, while DIVO is traded in USD. To make them comparable, the DIVO 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 DIVO's 6.88% return.
BCCL.NEO
- 1D
- -3.22%
- 1M
- -17.13%
- YTD
- -27.54%
- 6M
- -33.09%
- 1Y
- -40.36%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DIVO
- 1D
- -0.13%
- 1M
- 4.38%
- YTD
- 6.88%
- 6M
- 5.41%
- 1Y
- 19.90%
- 3Y*
- 16.69%
- 5Y*
- 13.77%
- 10Y*
- —
BCCL.NEO vs. DIVO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BCCL.NEO Global X Enhanced Bitcoin Covered Call ETF | -27.54% | -6.58% |
DIVO Amplify CWP Enhanced Dividend Income ETF | 6.88% | 16.34% |
Correlation
The correlation between BCCL.NEO and DIVO is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since May 1, 2025 | 0.17 |
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Return for Risk
BCCL.NEO vs. DIVO — Risk / Return Rank
BCCL.NEO
DIVO
BCCL.NEO vs. DIVO - 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 Amplify CWP Enhanced Dividend Income ETF (DIVO). 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 | DIVO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.92 | 2.21 | -3.13 |
Sortino ratioReturn per unit of downside risk | -1.30 | 3.22 | -4.52 |
Omega ratioGain probability vs. loss probability | 0.86 | 1.39 | -0.54 |
Calmar ratioReturn relative to maximum drawdown | -0.77 | 3.87 | -4.64 |
Martin ratioReturn relative to average drawdown | -1.36 | 13.61 | -14.97 |
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 | DIVO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.92 | 2.21 | -3.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.33 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.69 | 0.97 | -1.66 |
Drawdowns
BCCL.NEO vs. DIVO - Drawdown Comparison
The maximum BCCL.NEO drawdown since its inception was -52.47%, which is greater than DIVO's maximum drawdown of -23.03%. Use the drawdown chart below to compare losses from any high point for BCCL.NEO and DIVO.
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Drawdown Indicators
| BCCL.NEO | DIVO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.47% | -23.03% | -29.44% |
Max Drawdown (1Y)Largest decline over 1 year | -52.47% | -5.17% | -47.30% |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.54% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.54% | — |
Current DrawdownCurrent decline from peak | -50.69% | -0.13% | -50.56% |
Average DrawdownAverage peak-to-trough decline | -22.15% | -2.38% | -19.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.80% | 1.47% | +28.33% |
Volatility
BCCL.NEO vs. DIVO - Volatility Comparison
Global X Enhanced Bitcoin Covered Call ETF (BCCL.NEO) has a higher volatility of 12.21% compared to Amplify CWP Enhanced Dividend Income ETF (DIVO) at 1.94%. This indicates that BCCL.NEO's price experiences larger fluctuations and is considered to be riskier than DIVO 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 | DIVO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.21% | 1.94% | +10.27% |
Volatility (6M)Calculated over the trailing 6-month period | 32.89% | 7.02% | +25.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.98% | 9.04% | +34.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.65% | 10.38% | +33.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.65% | 13.59% | +30.06% |
Dividends
BCCL.NEO vs. DIVO - Dividend Comparison
BCCL.NEO's dividend yield for the trailing twelve months is around 40.66%, more than DIVO's 6.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BCCL.NEO Global X Enhanced Bitcoin Covered Call ETF | 40.66% | 16.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DIVO Amplify CWP Enhanced Dividend Income ETF | 6.42% | 6.44% | 4.70% | 4.67% | 4.76% | 4.79% | 4.91% | 8.16% | 5.27% | 3.83% |
Frequently Asked Questions
BCCL.NEO and DIVO have a correlation of 0.17, 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 Amplify.
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