BCCL.NEO vs. ETHR.TO
BCCL.NEO (Global X Enhanced Bitcoin Covered Call ETF) and ETHR.TO (Evolve Ether ETF CAD Unhedged Units) are both Cryptocurrency funds. BCCL.NEO is actively managed, while ETHR.TO is passively managed. Over the past year, BCCL.NEO returned -45.87% vs -47.10% for ETHR.TO. Their 0.79 correlation means they have sometimes moved together and sometimes differently. BCCL.NEO charges 1.78%/yr vs 0.75%/yr for ETHR.TO.
Performance
BCCL.NEO vs. ETHR.TO - Performance Comparison
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Returns By Period
In the year-to-date period, BCCL.NEO achieves a -28.69% return, which is significantly higher than ETHR.TO's -36.57% 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%
ETHR.TO
- 1D
- -2.72%
- 1M
- 5.28%
- 6M
- -18.46%
- YTD
- -36.57%
- 1Y
- -47.10%
- 3Y*
- 0.08%
- 5Y*
- -4.36%
- 10Y*
- —
- ALL TIME*
- -3.37%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$76.07K | CA$135.25K | CA$227.19K | |
| CA$73.21K | CA$77.18K | CA$116.32K |
BCCL.NEO vs. ETHR.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BCCL.NEO Global X Enhanced Bitcoin Covered Call ETF | -28.69% | -6.82% |
ETHR.TO Evolve Ether ETF CAD Unhedged Units | -36.57% | 58.38% |
Correlation
The correlation between BCCL.NEO and ETHR.TO is 0.83, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.83 |
Correlation (All Time) Calculated using the full available price history since May 5, 2025 | 0.79 |
The correlation between BCCL.NEO and ETHR.TO has been stable across timeframes, ranging from 0.79 to 0.83 - a consistent structural relationship.
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Return for Risk
BCCL.NEO vs. ETHR.TO — Risk / Return Rank
BCCL.NEO
ETHR.TO
BCCL.NEO vs. ETHR.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 Evolve Ether ETF CAD Unhedged Units (ETHR.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.
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 | ETHR.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.59 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 0.89 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.88 | -0.75 | -0.13 |
| Martin ratioReturn relative to average drawdown | -1.33 | -1.10 | -0.22 |
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Drawdowns
BCCL.NEO vs. ETHR.TO - Drawdown Comparison
The maximum BCCL.NEO drawdown since its inception was -55.27%, smaller than the maximum ETHR.TO drawdown of -78.36%. Use the drawdown chart below to compare losses from any high point for BCCL.NEO and ETHR.TO.
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Drawdown Indicators
| BCCL.NEO | ETHR.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.27% | -78.36% | +23.09% |
Max Drawdown (1Y)Largest decline over 1 year | -55.27% | -67.67% | +12.40% |
Max Drawdown (3Y)Largest decline over 3 years | — | -67.67% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -78.36% | — |
Current DrawdownCurrent decline from peak | -51.47% | -61.57% | +10.10% |
Average DrawdownAverage peak-to-trough decline | -26.18% | -44.06% | +17.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 36.35% | 45.80% | -9.45% |
Volatility
BCCL.NEO vs. ETHR.TO - Volatility Comparison
The current volatility for Global X Enhanced Bitcoin Covered Call ETF (BCCL.NEO) is 8.77%, while Evolve Ether ETF CAD Unhedged Units (ETHR.TO) has a volatility of 11.63%. This indicates that BCCL.NEO experiences smaller price fluctuations and is considered to be less risky than ETHR.TO 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 | ETHR.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.77% | 11.63% | -2.86% |
Volatility (6M)Calculated over the trailing 6-month period | 33.62% | 45.68% | -12.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.76% | 65.89% | -19.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.50% | 68.18% | -23.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.50% | 71.38% | -26.88% |
BCCL.NEO vs. ETHR.TO - Expense Ratio Comparison
BCCL.NEO has a 1.78% expense ratio, which is higher than ETHR.TO's 0.75% expense ratio.
Dividends
BCCL.NEO vs. ETHR.TO - Dividend Comparison
BCCL.NEO's dividend yield for the trailing twelve months is around 43.98%, while ETHR.TO has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
BCCL.NEO Global X Enhanced Bitcoin Covered Call ETF | 43.98% | 16.02% |
ETHR.TO Evolve Ether ETF CAD Unhedged Units | 0.00% | 0.00% |
Frequently Asked Questions
BCCL.NEO and ETHR.TO have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ETHR.TO is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETHR.TO is cheaper with a 0.75% expense ratio, compared with 1.78% for BCCL.NEO.
They also come from different issuers: Global X and Evolve. Their fees differ too: 1.78% for BCCL.NEO and 0.75% for ETHR.TO.
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