BCCL.NEO vs. YGOG.NEO
BCCL.NEO (Global X Enhanced Bitcoin Covered Call ETF) and YGOG.NEO (Alphabet (GOOGL) Yield Shares Purpose ETF) are both Derivative Income funds. Both are actively managed. Over the past year, BCCL.NEO returned -40.36% vs 119.67% for YGOG.NEO. At a 0.25 correlation, their price movements are largely independent.
Performance
BCCL.NEO vs. YGOG.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, BCCL.NEO achieves a -27.54% return, which is significantly lower than YGOG.NEO's 10.76% return.
BCCL.NEO
- 1D
- -3.22%
- 1M
- -17.13%
- YTD
- -27.54%
- 6M
- -33.09%
- 1Y
- -40.36%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
YGOG.NEO
- 1D
- -0.97%
- 1M
- -7.79%
- YTD
- 10.76%
- 6M
- 8.82%
- 1Y
- 119.67%
- 3Y*
- 45.35%
- 5Y*
- —
- 10Y*
- —
BCCL.NEO vs. YGOG.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BCCL.NEO Global X Enhanced Bitcoin Covered Call ETF | -27.54% | -6.58% |
YGOG.NEO Alphabet (GOOGL) Yield Shares Purpose ETF | 10.76% | 109.06% |
Correlation
The correlation between BCCL.NEO and YGOG.NEO is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since May 1, 2025 | 0.25 |
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Return for Risk
BCCL.NEO vs. YGOG.NEO — Risk / Return Rank
BCCL.NEO
YGOG.NEO
BCCL.NEO vs. YGOG.NEO - 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 Alphabet (GOOGL) Yield Shares Purpose ETF (YGOG.NEO). 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 | YGOG.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.69 | ||
| Sortino ratioReturn per unit of downside risk | -6.07 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.61 | -0.75 |
| Calmar ratioReturn relative to maximum drawdown | -0.77 | 5.52 | -6.29 |
| Martin ratioReturn relative to average drawdown | -1.36 | 20.61 | -21.97 |
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 | YGOG.NEO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.92 | 3.77 | -4.69 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.69 | 1.62 | -2.31 |
Drawdowns
BCCL.NEO vs. YGOG.NEO - Drawdown Comparison
The maximum BCCL.NEO drawdown since its inception was -52.47%, which is greater than YGOG.NEO's maximum drawdown of -33.45%. Use the drawdown chart below to compare losses from any high point for BCCL.NEO and YGOG.NEO.
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Drawdown Indicators
| BCCL.NEO | YGOG.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.47% | -33.45% | -19.02% |
Max Drawdown (1Y)Largest decline over 1 year | -52.47% | -21.82% | -30.65% |
Max Drawdown (3Y)Largest decline over 3 years | — | -33.45% | — |
Current DrawdownCurrent decline from peak | -50.69% | -11.86% | -38.83% |
Average DrawdownAverage peak-to-trough decline | -22.15% | -7.59% | -14.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.80% | 5.83% | +23.97% |
Volatility
BCCL.NEO vs. YGOG.NEO - Volatility Comparison
Global X Enhanced Bitcoin Covered Call ETF (BCCL.NEO) has a higher volatility of 12.21% compared to Alphabet (GOOGL) Yield Shares Purpose ETF (YGOG.NEO) at 11.10%. This indicates that BCCL.NEO's price experiences larger fluctuations and is considered to be riskier than YGOG.NEO 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 | YGOG.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.21% | 11.10% | +1.11% |
Volatility (6M)Calculated over the trailing 6-month period | 32.89% | 22.75% | +10.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.98% | 32.02% | +11.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.65% | 32.94% | +10.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.65% | 32.94% | +10.71% |
Dividends
BCCL.NEO vs. YGOG.NEO - Dividend Comparison
BCCL.NEO's dividend yield for the trailing twelve months is around 40.66%, more than YGOG.NEO's 8.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BCCL.NEO Global X Enhanced Bitcoin Covered Call ETF | 40.66% | 16.02% | 0.00% | 0.00% | 0.00% |
YGOG.NEO Alphabet (GOOGL) Yield Shares Purpose ETF | 8.15% | 5.84% | 14.19% | 7.22% | 0.91% |
Frequently Asked Questions
BCCL.NEO and YGOG.NEO have a correlation of 0.27, 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 Purpose.
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