BCCL.NEO vs. EIT-UN.TO

Last updated Jun 4, 2026

BCCL.NEO (Global X Enhanced Bitcoin Covered Call ETF) and EIT-UN.TO (Canoe EIT Income Fund) are both funds - BCCL.NEO is a Derivative Income fund actively managed by Global X, while EIT-UN.TO is a Diversified Portfolio fund actively managed by Canoe. Both are actively managed. Over the past year, BCCL.NEO returned -40.36% vs 25.62% for EIT-UN.TO. At a correlation of -0.03, they often move in opposite directions.

Performance

BCCL.NEO vs. EIT-UN.TO - 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 Canoe EIT Income Fund (EIT-UN.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BCCL.NEO achieves a -27.54% return, which is significantly lower than EIT-UN.TO's 27.79% return.

BCCL.NEO

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

EIT-UN.TO

• 1D: 23.25%
• 1M: 24.15%
• YTD: 27.79%
• 6M: 33.97%
• 1Y: 25.62%
• 3Y*: 22.10%
• 5Y*: 131.16%
• 10Y*: 118.84%

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

BCCL.NEO vs. EIT-UN.TO - Yearly Performance Comparison

	2026 (YTD)	2025
BCCL.NEO Global X Enhanced Bitcoin Covered Call ETF	-27.54%	-6.58%
EIT-UN.TO Canoe EIT Income Fund	27.79%	2.86%

Correlation

The correlation between BCCL.NEO and EIT-UN.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 (1Y) Calculated over the trailing 1-year period	-0.06
Correlation (All Time) Calculated using the full available price history since May 1, 2025	-0.03

Return for Risk

BCCL.NEO vs. EIT-UN.TO — 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. EIT-UN.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 Canoe EIT Income Fund (EIT-UN.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	EIT-UN.TO	Difference
Sharpe ratio: Return per unit of total volatility	-0.92	1.00	-1.92
Sortino ratio: Return per unit of downside risk	-1.30	2.53	-3.84
Omega ratio: Gain probability vs. loss probability	0.86	3.53	-2.67
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.

BCCL.NEO vs. EIT-UN.TO - Sharpe Ratio Comparison

The current BCCL.NEO Sharpe Ratio is -0.92, which is lower than the EIT-UN.TO Sharpe Ratio of 1.00. The chart below compares the historical Sharpe Ratios of BCCL.NEO and EIT-UN.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BCCL.NEO	EIT-UN.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.92	1.00	-1.92
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.11	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.12	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.69	0.00	-0.69

Drawdowns

BCCL.NEO vs. EIT-UN.TO - Drawdown Comparison

The maximum BCCL.NEO drawdown since its inception was -52.47%, smaller than the maximum EIT-UN.TO drawdown of -56.65%. Use the drawdown chart below to compare losses from any high point for BCCL.NEO and EIT-UN.TO.

Drawdown Indicators

	BCCL.NEO	EIT-UN.TO	Difference
Max Drawdown Largest peak-to-trough decline	-52.47%	-56.65%	+4.18%
Max Drawdown (1Y) Largest decline over 1 year	-52.47%	0.00%	-52.47%
Max Drawdown (3Y) Largest decline over 3 years	—	-10.73%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-15.57%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-50.36%	—
Current Drawdown Current decline from peak	-50.69%	0.00%	-50.69%
Average Drawdown Average peak-to-trough decline	-22.15%	-3.87%	-18.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	29.80%	6.16%	+23.64%

Volatility

BCCL.NEO vs. EIT-UN.TO - Volatility Comparison

The current volatility for Global X Enhanced Bitcoin Covered Call ETF (BCCL.NEO) is 12.21%, while Canoe EIT Income Fund (EIT-UN.TO) has a volatility of 20.88%. This indicates that BCCL.NEO experiences smaller price fluctuations and is considered to be less risky than EIT-UN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BCCL.NEO	EIT-UN.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.21%	20.88%	-8.67%
Volatility (6M) Calculated over the trailing 6-month period	32.89%	21.29%	+11.60%
Volatility (1Y) Calculated over the trailing 1-year period	43.98%	25.85%	+18.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.65%	1,193.88%	-1,150.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.65%	1,020.22%	-976.57%

Dividends

BCCL.NEO vs. EIT-UN.TO - Dividend Comparison

BCCL.NEO's dividend yield for the trailing twelve months is around 40.66%, more than EIT-UN.TO's 10.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%	0.00%
EIT-UN.TO Canoe EIT Income Fund	10.19%	12.56%	7.90%	9.29%	8.97%	104.98%	108.64%	11.53%	11.62%	11.01%	10.06%	10.71%

Frequently Asked Questions

Can I hold both BCCL.NEO and EIT-UN.TO in my portfolio?

BCCL.NEO and EIT-UN.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.