BCCL.NEO vs. EQLI.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Global X Enhanced Bitcoin Covered Call ETF (BCCL.NEO) and Invesco S&P 500 Equal Weight Income Advantage ETF (EQLI.TO).

BCCL.NEO and EQLI.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BCCL.NEO is an actively managed fund by Global X. It was launched on Apr 21, 2025. EQLI.TO is a passively managed fund by Invesco that tracks the performance of the S&P 500 Equal Weight Index. It was launched on Nov 6, 2025.

Performance

BCCL.NEO vs. EQLI.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 Invesco S&P 500 Equal Weight Income Advantage ETF (EQLI.TO). The values are adjusted to include any dividend payments, if applicable.

BCCL.NEO vs. EQLI.TO - Yearly Performance Comparison

	2026 (YTD)	2025
BCCL.NEO Global X Enhanced Bitcoin Covered Call ETF	-29.77%	-17.22%
EQLI.TO Invesco S&P 500 Equal Weight Income Advantage ETF	2.05%	13.91%

Returns By Period

In the year-to-date period, BCCL.NEO achieves a -29.77% return, which is significantly lower than EQLI.TO's 2.05% return.

BCCL.NEO

• 1D: 0.44%
• 1M: 4.83%
• YTD: -29.77%
• 6M: -50.39%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

EQLI.TO

• 1D: 1.76%
• 1M: -2.70%
• YTD: 2.05%
• 6M: 2.84%
• 1Y: 8.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BCCL.NEO vs. EQLI.TO - Expense Ratio Comparison

EQLI.TO

Invesco S&P 500 Equal Weight Income Advantage ETF

Return for Risk

BCCL.NEO vs. EQLI.TO — Risk / Return Rank

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

EQLI.TO

EQLI.TO Risk / Return Rank: 32
EQLI.TO Sharpe Ratio Rank: 31
EQLI.TO Sortino Ratio Rank: 30
EQLI.TO Omega Ratio Rank: 31
EQLI.TO Calmar Ratio Rank: 31
EQLI.TO Martin Ratio Rank: 35

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. EQLI.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 Invesco S&P 500 Equal Weight Income Advantage ETF (EQLI.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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BCCL.NEO	EQLI.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.62	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.88	0.80	-1.68

Correlation

The correlation between BCCL.NEO and EQLI.TO is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

BCCL.NEO vs. EQLI.TO - Dividend Comparison

BCCL.NEO has not paid dividends to shareholders, while EQLI.TO's dividend yield for the trailing twelve months is around 8.67%.

	TTM	2025	2024
BCCL.NEO Global X Enhanced Bitcoin Covered Call ETF	0.00%	0.00%	0.00%
EQLI.TO Invesco S&P 500 Equal Weight Income Advantage ETF	8.67%	8.74%	3.00%

Drawdowns

BCCL.NEO vs. EQLI.TO - Drawdown Comparison

The maximum BCCL.NEO drawdown since its inception was -57.91%, which is greater than EQLI.TO's maximum drawdown of -15.57%. Use the drawdown chart below to compare losses from any high point for BCCL.NEO and EQLI.TO.

Drawdown Indicators

	BCCL.NEO	EQLI.TO	Difference
Max Drawdown Largest peak-to-trough decline	-57.91%	-15.57%	-42.34%
Max Drawdown (1Y) Largest decline over 1 year	—	-12.16%	—
Current Drawdown Current decline from peak	-54.81%	-3.03%	-51.78%
Average Drawdown Average peak-to-trough decline	-20.78%	-2.64%	-18.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.05%	—

Volatility

Volatility by Period

	BCCL.NEO	EQLI.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.72%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.25%	—
Volatility (1Y) Calculated over the trailing 1-year period	50.92%	13.83%	+37.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	50.92%	12.50%	+38.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	50.92%	12.50%	+38.42%