BITO vs. GLCC.TO

Last updated Jun 9, 2026

BITO (ProShares Bitcoin Strategy ETF) and GLCC.TO (Global X Gold Producer Equity Covered Call ETF) are both exchange-traded funds - BITO is a Cryptocurrency fund actively managed by ProShares, while GLCC.TO is a Derivative Income fund actively managed by Global X. Both are actively managed. Over the past 3 years, BITO returned 25.35%/yr vs 36.72%/yr for GLCC.TO. At a 0.10 correlation, their price movements are largely independent. BITO charges 0.95%/yr vs 0.79%/yr for GLCC.TO.

Performance

BITO vs. GLCC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Bitcoin Strategy ETF (BITO) and Global X Gold Producer Equity Covered Call ETF (GLCC.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

BITO is traded in USD, while GLCC.TO is traded in CAD. To make them comparable, the GLCC.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, BITO achieves a -28.69% return, which is significantly lower than GLCC.TO's -8.31% return.

BITO

• 1D: 4.87%
• 1M: -21.24%
• YTD: -28.69%
• 6M: -31.34%
• 1Y: -41.80%
• 3Y*: 25.35%
• 5Y*: —
• 10Y*: —

GLCC.TO

• 1D: -0.67%
• 1M: -16.07%
• YTD: -8.31%
• 6M: -0.61%
• 1Y: 48.35%
• 3Y*: 36.72%
• 5Y*: 16.68%
• 10Y*: 12.60%

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

BITO vs. GLCC.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BITO ProShares Bitcoin Strategy ETF	-28.69%	-11.19%	104.45%	137.33%	-63.91%	-31.09%
GLCC.TO Global X Gold Producer Equity Covered Call ETF	-8.31%	148.79%	10.80%	8.78%	-7.65%	-1.88%

Correlation

The correlation between BITO and GLCC.TO is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (3Y) Calculated over the trailing 3-year period	0.08
Correlation (All Time) Calculated using the full available price history since Oct 20, 2021	0.10

BITO vs. GLCC.TO - Sectors Allocation Comparison

Sectors	BITO	GLCC.TO
Financial Services	64.9%	-
Basic Materials	-	100.0%
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

BITO vs. GLCC.TO — Risk / Return Rank

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

BITO

BITO Risk / Return Rank: 2
BITO Sharpe Ratio Rank: 2
BITO Sortino Ratio Rank: 2
BITO Omega Ratio Rank: 2
BITO Calmar Ratio Rank: 2
BITO Martin Ratio Rank: 2

GLCC.TO

GLCC.TO Risk / Return Rank: 37
GLCC.TO Sharpe Ratio Rank: 37
GLCC.TO Sortino Ratio Rank: 33
GLCC.TO Omega Ratio Rank: 40
GLCC.TO Calmar Ratio Rank: 40
GLCC.TO Martin Ratio Rank: 34

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.

BITO vs. GLCC.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Bitcoin Strategy ETF (BITO) and Global X Gold Producer Equity Covered Call ETF (GLCC.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.

	BITO	GLCC.TO	Difference
Sharpe ratio: Return per unit of total volatility	-0.95	1.13	-2.09
Sortino ratio: Return per unit of downside risk	-1.37	1.56	-2.93
Omega ratio: Gain probability vs. loss probability	0.85	1.22	-0.37
Calmar ratio: Return relative to maximum drawdown	-0.79	1.64	-2.43
Martin ratio: Return relative to average drawdown	-1.41	4.34	-5.75
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BITO vs. GLCC.TO - Sharpe Ratio Comparison

The current BITO Sharpe Ratio is -0.95, which is lower than the GLCC.TO Sharpe Ratio of 1.13. The chart below compares the historical Sharpe Ratios of BITO and GLCC.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

	BITO	GLCC.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.95	1.13	-2.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.51	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.39	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.10	-0.03	-0.07

Drawdowns

BITO vs. GLCC.TO - Drawdown Comparison

The maximum BITO drawdown since its inception was -77.86%, smaller than the maximum GLCC.TO drawdown of -87.15%. Use the drawdown chart below to compare losses from any high point for BITO and GLCC.TO.

Drawdown Indicators

	BITO	GLCC.TO	Difference
Max Drawdown Largest peak-to-trough decline	-77.86%	-87.15%	+9.29%
Max Drawdown (1Y) Largest decline over 1 year	-53.10%	-29.57%	-23.53%
Max Drawdown (3Y) Largest decline over 3 years	-53.10%	-29.57%	-23.53%
Max Drawdown (5Y) Largest decline over 5 years	—	-41.98%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-45.72%	—
Current Drawdown Current decline from peak	-50.82%	-29.57%	-21.25%
Average Drawdown Average peak-to-trough decline	-36.77%	-62.45%	+25.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	29.63%	11.18%	+18.45%

Volatility

BITO vs. GLCC.TO - Volatility Comparison

The current volatility for ProShares Bitcoin Strategy ETF (BITO) is 11.55%, while Global X Gold Producer Equity Covered Call ETF (GLCC.TO) has a volatility of 14.96%. This indicates that BITO experiences smaller price fluctuations and is considered to be less risky than GLCC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BITO	GLCC.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.55%	14.96%	-3.41%
Volatility (6M) Calculated over the trailing 6-month period	34.35%	35.19%	-0.84%
Volatility (1Y) Calculated over the trailing 1-year period	44.07%	42.91%	+1.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.15%	32.88%	+22.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	55.15%	32.75%	+22.40%

BITO vs. GLCC.TO - Expense Ratio Comparison

BITO has a 0.95% expense ratio, which is higher than GLCC.TO's 0.79% expense ratio.

Dividends

BITO vs. GLCC.TO - Dividend Comparison

BITO's dividend yield for the trailing twelve months is around 69.83%, more than GLCC.TO's 9.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BITO ProShares Bitcoin Strategy ETF	69.83%	78.29%	61.59%	15.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GLCC.TO Global X Gold Producer Equity Covered Call ETF	9.27%	6.01%	10.30%	11.16%	10.08%	6.31%	6.47%	4.58%	5.62%	7.08%	8.75%	2.32%

Frequently Asked Questions

Can I hold both BITO and GLCC.TO in my portfolio?

BITO and GLCC.TO have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BITO or GLCC.TO?

On fees, GLCC.TO is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BITO or GLCC.TO?

GLCC.TO is cheaper with a 0.79% expense ratio, compared with 0.95% for BITO.

What is the main difference between BITO and GLCC.TO?

BITO is categorized as Cryptocurrency, while GLCC.TO is Derivative Income. They also come from different issuers: ProShares and Global X. Their fees differ too: 0.95% for BITO and 0.79% for GLCC.TO.