BKCC.TO vs. BKCL.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Global X Equal Weight Canadian Bank Covered Call ETF (BKCC.TO) and Global X Enhanced Equal Weight Canadian Banks Covered Call ETF (BKCL.TO).

BKCC.TO and BKCL.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BKCC.TO is an actively managed fund by Global X. It was launched on May 16, 2011. BKCL.TO is an actively managed fund by Global X. It was launched on Jul 5, 2023.

Performance

BKCC.TO vs. BKCL.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X Equal Weight Canadian Bank Covered Call ETF (BKCC.TO) and Global X Enhanced Equal Weight Canadian Banks Covered Call ETF (BKCL.TO). The values are adjusted to include any dividend payments, if applicable.

BKCC.TO vs. BKCL.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BKCC.TO Global X Equal Weight Canadian Bank Covered Call ETF	0.86%	28.05%	17.14%	5.00%
BKCL.TO Global X Enhanced Equal Weight Canadian Banks Covered Call ETF	-1.56%	34.78%	20.06%	5.22%

Returns By Period

In the year-to-date period, BKCC.TO achieves a 0.86% return, which is significantly higher than BKCL.TO's -1.56% return.

BKCC.TO

• 1D: 1.85%
• 1M: -3.78%
• YTD: 0.86%
• 6M: 10.61%
• 1Y: 33.59%
• 3Y*: 16.79%
• 5Y*: 9.57%
• 10Y*: 8.51%

BKCL.TO

• 1D: 0.00%
• 1M: -7.08%
• YTD: -1.56%
• 6M: 10.30%
• 1Y: 38.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BKCC.TO vs. BKCL.TO - Expense Ratio Comparison

BKCC.TO has a 0.84% expense ratio, which is lower than BKCL.TO's 1.68% expense ratio.

BKCL.TO

Global X Enhanced Equal Weight Canadian Banks Covered Call ETF

BKCC.TO

Global X Equal Weight Canadian Bank Covered Call ETF

Return for Risk

BKCC.TO vs. BKCL.TO — Risk / Return Rank

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

BKCC.TO

BKCC.TO Risk / Return Rank: 97
BKCC.TO Sharpe Ratio Rank: 97
BKCC.TO Sortino Ratio Rank: 97
BKCC.TO Omega Ratio Rank: 97
BKCC.TO Calmar Ratio Rank: 96
BKCC.TO Martin Ratio Rank: 96

BKCL.TO

BKCL.TO Risk / Return Rank: 96
BKCL.TO Sharpe Ratio Rank: 97
BKCL.TO Sortino Ratio Rank: 97
BKCL.TO Omega Ratio Rank: 97
BKCL.TO Calmar Ratio Rank: 95
BKCL.TO Martin Ratio Rank: 96

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.

BKCC.TO vs. BKCL.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Equal Weight Canadian Bank Covered Call ETF (BKCC.TO) and Global X Enhanced Equal Weight Canadian Banks Covered Call ETF (BKCL.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.

	BKCC.TO	BKCL.TO	Difference
Sharpe ratio Return per unit of total volatility	2.94	2.75	+0.19
Sortino ratio Return per unit of downside risk	3.88	3.54	+0.34
Omega ratio Gain probability vs. loss probability	1.61	1.57	+0.04
Calmar ratio Return relative to maximum drawdown	4.43	3.99	+0.44
Martin ratio Return relative to average drawdown	18.46	16.68	+1.78
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BKCC.TO vs. BKCL.TO - Sharpe Ratio Comparison

The current BKCC.TO Sharpe Ratio is 2.94, which is comparable to the BKCL.TO Sharpe Ratio of 2.75. The chart below compares the historical Sharpe Ratios of BKCC.TO and BKCL.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BKCC.TO	BKCL.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.94	2.75	+0.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.72	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.50	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.00	1.62	-1.62

Correlation

The correlation between BKCC.TO and BKCL.TO is 0.96, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

BKCC.TO vs. BKCL.TO - Dividend Comparison

BKCC.TO's dividend yield for the trailing twelve months is around 9.64%, less than BKCL.TO's 13.14% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BKCC.TO Global X Equal Weight Canadian Bank Covered Call ETF	9.64%	10.43%	12.30%	10.93%	8.23%	5.52%	5.92%	5.44%	6.24%	5.76%	5.79%	7.35%
BKCL.TO Global X Enhanced Equal Weight Canadian Banks Covered Call ETF	13.14%	12.60%	15.02%	7.91%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

BKCC.TO vs. BKCL.TO - Drawdown Comparison

The maximum BKCC.TO drawdown since its inception was -100.33%, which is greater than BKCL.TO's maximum drawdown of -16.58%. Use the drawdown chart below to compare losses from any high point for BKCC.TO and BKCL.TO.

Drawdown Indicators

	BKCC.TO	BKCL.TO	Difference
Max Drawdown Largest peak-to-trough decline	-100.33%	-16.58%	-83.75%
Max Drawdown (1Y) Largest decline over 1 year	-7.71%	-9.90%	+2.19%
Max Drawdown (5Y) Largest decline over 5 years	-26.02%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-41.18%	—	—
Current Drawdown Current decline from peak	-100.00%	-8.94%	-91.06%
Average Drawdown Average peak-to-trough decline	-99.92%	-2.79%	-97.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.85%	2.37%	-0.52%

Volatility

BKCC.TO vs. BKCL.TO - Volatility Comparison

The current volatility for Global X Equal Weight Canadian Bank Covered Call ETF (BKCC.TO) is 5.34%, while Global X Enhanced Equal Weight Canadian Banks Covered Call ETF (BKCL.TO) has a volatility of 6.03%. This indicates that BKCC.TO experiences smaller price fluctuations and is considered to be less risky than BKCL.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BKCC.TO	BKCL.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.34%	6.03%	-0.69%
Volatility (6M) Calculated over the trailing 6-month period	8.22%	9.97%	-1.75%
Volatility (1Y) Calculated over the trailing 1-year period	11.49%	14.22%	-2.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.37%	12.91%	+0.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.97%	12.91%	+4.06%