BKCC.TO vs. DXQ.TO
BKCC.TO (Global X Equal Weight Canadian Bank Covered Call ETF) and DXQ.TO (Dynamic Active Enhanced Yield Covered Options ETF) are both Derivative Income funds. Both are actively managed. Over the past 3 years, BKCC.TO returned 22.19%/yr vs 17.27%/yr for DXQ.TO. At a 0.35 correlation, their price movements are largely independent. BKCC.TO charges 0.84%/yr vs 0.72%/yr for DXQ.TO.
Performance
BKCC.TO vs. DXQ.TO - Performance Comparison
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Returns By Period
In the year-to-date period, BKCC.TO achieves a 14.24% return, which is significantly higher than DXQ.TO's 6.80% return.
BKCC.TO
- 1D
- -0.27%
- 1M
- 3.92%
- YTD
- 14.24%
- 6M
- 18.13%
- 1Y
- 41.73%
- 3Y*
- 22.19%
- 5Y*
- 10.06%
- 10Y*
- 9.35%
DXQ.TO
- 1D
- -0.70%
- 1M
- 2.65%
- YTD
- 6.80%
- 6M
- 5.77%
- 1Y
- 19.04%
- 3Y*
- 17.27%
- 5Y*
- —
- 10Y*
- —
BKCC.TO vs. DXQ.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BKCC.TO Global X Equal Weight Canadian Bank Covered Call ETF | 14.24% | 28.05% | 17.14% | 5.41% | -1.96% |
DXQ.TO Dynamic Active Enhanced Yield Covered Options ETF | 6.80% | 12.99% | 21.07% | 20.08% | 3.57% |
Correlation
The correlation between BKCC.TO and DXQ.TO is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2022 | 0.35 |
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Return for Risk
BKCC.TO vs. DXQ.TO — Risk / Return Rank
BKCC.TO
DXQ.TO
BKCC.TO vs. DXQ.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 Dynamic Active Enhanced Yield Covered Options ETF (DXQ.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 | DXQ.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.99 | ||
| Sortino ratioReturn per unit of downside risk | +2.90 | ||
| Omega ratioGain probability vs. loss probability | 1.80 | 1.40 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 5.75 | 3.74 | +2.01 |
| Martin ratioReturn relative to average drawdown | 26.70 | 10.46 | +16.24 |
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
| BKCC.TO | DXQ.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.06 | 2.08 | +1.99 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.79 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.00 | 1.61 | -1.61 |
Drawdowns
BKCC.TO vs. DXQ.TO - Drawdown Comparison
The maximum BKCC.TO drawdown since its inception was -41.18%, which is greater than DXQ.TO's maximum drawdown of -15.54%. Use the drawdown chart below to compare losses from any high point for BKCC.TO and DXQ.TO.
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Drawdown Indicators
| BKCC.TO | DXQ.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.18% | -15.54% | -25.64% |
Max Drawdown (1Y)Largest decline over 1 year | -7.30% | -5.11% | -2.19% |
Max Drawdown (3Y)Largest decline over 3 years | -13.16% | -15.54% | +2.38% |
Max Drawdown (5Y)Largest decline over 5 years | -26.02% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -41.18% | — | — |
Current DrawdownCurrent decline from peak | -1.42% | -0.70% | -0.72% |
Average DrawdownAverage peak-to-trough decline | -5.91% | -1.27% | -4.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.57% | 1.82% | -0.25% |
Volatility
BKCC.TO vs. DXQ.TO - Volatility Comparison
Global X Equal Weight Canadian Bank Covered Call ETF (BKCC.TO) has a higher volatility of 3.59% compared to Dynamic Active Enhanced Yield Covered Options ETF (DXQ.TO) at 2.38%. This indicates that BKCC.TO's price experiences larger fluctuations and is considered to be riskier than DXQ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BKCC.TO | DXQ.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.59% | 2.38% | +1.21% |
Volatility (6M)Calculated over the trailing 6-month period | 9.18% | 7.14% | +2.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.31% | 9.21% | +1.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.99% | 10.92% | +2.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.99% | 10.92% | +6.07% |
BKCC.TO vs. DXQ.TO - Expense Ratio Comparison
BKCC.TO has a 0.84% expense ratio, which is higher than DXQ.TO's 0.72% expense ratio.
Dividends
BKCC.TO vs. DXQ.TO - Dividend Comparison
BKCC.TO's dividend yield for the trailing twelve months is around 9.52%, more than DXQ.TO's 7.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BKCC.TO Global X Equal Weight Canadian Bank Covered Call ETF | 9.52% | 10.43% | 12.30% | 10.93% | 8.23% | 5.52% | 5.92% | 5.44% | 6.24% | 5.76% | 5.79% | 7.35% |
DXQ.TO Dynamic Active Enhanced Yield Covered Options ETF | 7.77% | 7.45% | 5.74% | 6.54% | 1.83% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BKCC.TO and DXQ.TO have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DXQ.TO is cheaper at 0.72% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DXQ.TO is cheaper with a 0.72% expense ratio, compared with 0.84% for BKCC.TO.
They also come from different issuers: Global X and Dynamic. Their fees differ too: 0.84% for BKCC.TO and 0.72% for DXQ.TO.
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