BCCL.NEO vs. DIVO

Last updated Aug 4, 2026

BCCL.NEO (Global X Enhanced Bitcoin Covered Call ETF) and DIVO (Amplify CWP Enhanced Dividend Income ETF) are both exchange-traded funds - BCCL.NEO is a Cryptocurrency fund actively managed by Global X, while DIVO is a Derivative Income fund actively managed by Amplify. Both are actively managed. Over the past year, BCCL.NEO returned -45.87% vs 19.99% for DIVO. Their 0.21 correlation means their historical movements had little consistent relationship. BCCL.NEO charges 1.78%/yr vs 0.56%/yr for DIVO.

Performance

BCCL.NEO vs. DIVO - 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 Amplify CWP Enhanced Dividend Income ETF (DIVO). The values are adjusted to include any dividend payments, if applicable.

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 -28.69% return, which is significantly lower than DIVO's 11.37% return.

BCCL.NEO

• 1D: -2.49%
• 1M: 1.49%
• 6M: -18.01%
• YTD: -28.69%
• 1Y: -45.87%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -28.13%

DIVO

• 1D: 0.44%
• 1M: 0.37%
• 6M: 7.49%
• YTD: 11.37%
• 1Y: 19.99%
• 3Y*: 17.03%
• 5Y*: 13.39%
• 10Y*: —
• ALL TIME*: 13.43%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BCCL.NEO Global X Enhanced Bitcoin Covered Call ETF	CA$76.07K	CA$135.25K	CA$227.19K
DIVO Amplify CWP Enhanced Dividend Income ETF	CA$55.62M	CA$51.35M	CA$53.93M

BCCL.NEO vs. DIVO - Yearly Performance Comparison

	2026 (YTD)	2025
BCCL.NEO Global X Enhanced Bitcoin Covered Call ETF	-28.69%	-6.82%
DIVO Amplify CWP Enhanced Dividend Income ETF	11.37%	14.16%

Correlation

The correlation between BCCL.NEO and DIVO is 0.22, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.22
Correlation (All Time) Calculated using the full available price history since May 5, 2025	0.21

Return for Risk

BCCL.NEO vs. DIVO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BCCL.NEO

BCCL.NEO Risk / Return Rank: 2
BCCL.NEO Sharpe Ratio Rank: 1
BCCL.NEO Sortino Ratio Rank: 1
BCCL.NEO Omega Ratio Rank: 2
BCCL.NEO Calmar Ratio Rank: 2
BCCL.NEO Martin Ratio Rank: 2

DIVO

DIVO Risk / Return Rank: 84
DIVO Sharpe Ratio Rank: 85
DIVO Sortino Ratio Rank: 87
DIVO Omega Ratio Rank: 83
DIVO Calmar Ratio Rank: 83
DIVO Martin Ratio Rank: 82

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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.

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.

	BCCL.NEO	DIVO	Difference
Sharpe ratio: Return per unit of total volatility	-1.04	1.96	-3.00
Sortino ratio: Return per unit of downside risk	-1.63	2.88	-4.51
Omega ratio: Gain probability vs. loss probability	0.82	1.35	-0.52
Calmar ratio: Return relative to maximum drawdown	-0.88	3.76	-4.63
Martin ratio: Return relative to average drawdown	-1.33	12.04	-13.36

BCCL.NEO vs. DIVO - Sharpe Ratio Comparison

The current BCCL.NEO Sharpe Ratio is -1.04, which is lower than the DIVO Sharpe Ratio of 1.96. The chart below compares the historical Sharpe Ratios of BCCL.NEO and DIVO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BCCL.NEO vs. DIVO - Drawdown Comparison

The maximum BCCL.NEO drawdown since its inception was -55.27%, which is greater than DIVO's maximum drawdown of -23.42%. Use the drawdown chart below to compare losses from any high point for BCCL.NEO and DIVO.

Drawdown Indicators

	BCCL.NEO	DIVO	Difference
Max Drawdown Largest peak-to-trough decline	-55.27%	-23.42%	-31.85%
Max Drawdown (1Y) Largest decline over 1 year	-55.27%	-5.34%	-49.93%
Max Drawdown (3Y) Largest decline over 3 years	—	-14.33%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-14.33%	—
Current Drawdown Current decline from peak	-51.47%	-0.53%	-50.94%
Average Drawdown Average peak-to-trough decline	-26.18%	-2.55%	-23.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	36.35%	1.66%	+34.69%

Volatility

BCCL.NEO vs. DIVO - Volatility Comparison

Global X Enhanced Bitcoin Covered Call ETF (BCCL.NEO) has a higher volatility of 8.77% compared to Amplify CWP Enhanced Dividend Income ETF (DIVO) at 2.80%. 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.

Volatility by Period

	BCCL.NEO	DIVO	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.77%	2.80%	+5.97%
Volatility (6M) Calculated over the trailing 6-month period	33.62%	7.96%	+25.66%
Volatility (1Y) Calculated over the trailing 1-year period	46.76%	10.26%	+36.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.50%	13.28%	+31.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.50%	15.98%	+28.52%

BCCL.NEO vs. DIVO - Expense Ratio Comparison

BCCL.NEO has a 1.78% expense ratio, which is higher than DIVO's 0.56% expense ratio.

Dividends

BCCL.NEO vs. DIVO - Dividend Comparison

BCCL.NEO's dividend yield for the trailing twelve months is around 43.98%, more than DIVO's 6.34% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BCCL.NEO Global X Enhanced Bitcoin Covered Call ETF	43.98%	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	6.34%	6.44%	4.70%	4.67%	4.76%	4.79%	4.91%	8.16%	5.27%	3.83%

Frequently Asked Questions

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

BCCL.NEO and DIVO have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BCCL.NEO or DIVO?

On fees, DIVO is cheaper at 0.56% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BCCL.NEO or DIVO?

DIVO is cheaper with a 0.56% expense ratio, compared with 1.78% for BCCL.NEO.

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

BCCL.NEO is categorized as Cryptocurrency, while DIVO is Derivative Income. They also come from different issuers: Global X and Amplify. Their fees differ too: 1.78% for BCCL.NEO and 0.56% for DIVO.