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BKCC.TO vs. HXQ.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BKCC.TO vs. HXQ.TO

Last updated Aug 2, 2026
Documentation

BKCC.TO (Global X Equal Weight Canadian Bank Covered Call ETF) and HXQ.TO (Global X Nasdaq-100 Index Corporate Class ETF) are both exchange-traded funds - BKCC.TO is a Derivative Income fund actively managed by Global X, while HXQ.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Index. BKCC.TO is actively managed, while HXQ.TO is passively managed. Over the past 10 years, BKCC.TO returned 0.94%/yr vs 21.14%/yr for HXQ.TO. Their 0.26 correlation means their historical movements had little consistent relationship. BKCC.TO charges 0.84%/yr vs 0.25%/yr for HXQ.TO.

Performance

BKCC.TO vs. HXQ.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 Nasdaq-100 Index Corporate Class ETF (HXQ.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, BKCC.TO achieves a 23.57% return, which is significantly higher than HXQ.TO's 14.56% return. Over the past 10 years, BKCC.TO has underperformed HXQ.TO with an annualized return of 0.94%, while HXQ.TO has yielded a comparatively higher 21.14% annualized return.

BKCC.TO

1D
0.23%
1M
1.42%
6M
24.36%
YTD
23.57%
1Y
47.63%
3Y*
23.30%
5Y*
-3.04%
10Y*
0.94%
ALL TIME*
6.95%

HXQ.TO

1D
0.69%
1M
-5.98%
6M
14.12%
YTD
14.56%
1Y
26.47%
3Y*
24.20%
5Y*
16.73%
10Y*
21.14%
ALL TIME*
21.11%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

BKCC.TO

Global X Equal Weight Canadian Bank Covered Call ETF
CA$676.89KCA$498.47KCA$695.09K

HXQ.TO

Global X Nasdaq-100 Index Corporate Class ETF
CA$2.97MCA$3.02MCA$3.91M

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

2026 (YTD)202520242023202220212020201920182017
BKCC.TO
Global X Equal Weight Canadian Bank Covered Call ETF		23.57%28.05%17.14%5.41%-58.55%24.57%-5.90%16.56%-17.08%7.78%
HXQ.TO
Global X Nasdaq-100 Index Corporate Class ETF		14.56%15.05%35.98%51.16%-27.84%26.20%45.58%32.26%6.71%23.12%

Correlation

The correlation between BKCC.TO and HXQ.TO is 0.45, which is low. Their historical price movements had little consistent relationship.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.45

Correlation (3Y)
Balances recent behavior with more history.

0.38

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.32

Correlation (10Y)
Provides a long-term view across more market conditions.

0.26

Correlation (All Time)
Calculated using the full available price history since Apr 21, 2016

0.26

The correlation between BKCC.TO and HXQ.TO shifts across timeframes, from 0.26 (all time) to 0.45 (1 year), reflecting how their relationship changes across market environments.

BKCC.TO vs. HXQ.TO - Sectors Allocation Comparison

Sectors
BKCC.TO
HXQ.TO

Financial Services

100.0%
0.3%

Basic Materials

-

1.0%

Communication Services

-

15.8%

Consumer Cyclical

-

13.2%

Consumer Defensive

-

4.4%

Energy

-

0.5%

Healthcare

-

4.4%

Industrials

-

3.1%

Real Estate

-

0.2%

Technology

-

55.9%

Utilities

-

1.4%

Financial Services

BKCC.TO
100.0%
HXQ.TO
0.3%

Basic Materials

BKCC.TO

-

HXQ.TO
1.0%

Communication Services

BKCC.TO

-

HXQ.TO
15.8%

Consumer Cyclical

BKCC.TO

-

HXQ.TO
13.2%

Consumer Defensive

BKCC.TO

-

HXQ.TO
4.4%

Energy

BKCC.TO

-

HXQ.TO
0.5%

Healthcare

BKCC.TO

-

HXQ.TO
4.4%

Industrials

BKCC.TO

-

HXQ.TO
3.1%

Real Estate

BKCC.TO

-

HXQ.TO
0.2%

Technology

BKCC.TO

-

HXQ.TO
55.9%

Utilities

BKCC.TO

-

HXQ.TO
1.4%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Global X Equal Weight Canadian Bank Covered Call ETF

Global X Nasdaq-100 Index Corporate Class ETF

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BKCC.TO vs. HDIV.TOBKCC.TO vs. HMAX.TOBKCC.TO vs. BK.TOBKCC.TO vs. BKCL.TOBKCC.TO vs. VDY.TOBKCC.TO vs. BANK.TOBKCC.TO vs. ENCC.TO
Often compared with HXQ.TO:
HXQ.TO vs. QQC.TOHXQ.TO vs. XQQ.TOHXQ.TO vs. VFV.TOHXQ.TO vs. QQQHXQ.TO vs. HXS.TOHXQ.TO vs. ZNQ.TOHXQ.TO vs. QQC-F.TO

Return for Risk

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

Compare historical risk-adjusted metric ranks over the past 12 months.
BKCC.TO
BKCC.TO Risk / Return Rank: 9797
Overall Rank
BKCC.TO Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
BKCC.TO Sortino Ratio Rank: 9797
Sortino Ratio Rank
BKCC.TO Omega Ratio Rank: 9797
Omega Ratio Rank
BKCC.TO Calmar Ratio Rank: 9696
Calmar Ratio Rank
BKCC.TO Martin Ratio Rank: 9797
Martin Ratio Rank
HXQ.TO
HXQ.TO Risk / Return Rank: 5151
Overall Rank
HXQ.TO Sharpe Ratio Rank: 5252
Sharpe Ratio Rank
HXQ.TO Sortino Ratio Rank: 5050
Sortino Ratio Rank
HXQ.TO Omega Ratio Rank: 5050
Omega Ratio Rank
HXQ.TO Calmar Ratio Rank: 5353
Calmar Ratio Rank
HXQ.TO Martin Ratio Rank: 4848
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BKCC.TO vs. HXQ.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 Nasdaq-100 Index Corporate Class ETF (HXQ.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.

BKCC.TOHXQ.TODifference
Sharpe ratioReturn per unit of total volatility
4.19
1.25

+2.95

Sortino ratioReturn per unit of downside risk
5.57
1.75

+3.82

Omega ratioGain probability vs. loss probability

1.79

1.23

+0.56

Calmar ratioReturn relative to maximum drawdown

6.49

1.90

+4.59

Martin ratioReturn relative to average drawdown

29.05

5.49

+23.56

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

The current BKCC.TO Sharpe Ratio is 4.19, which is higher than the HXQ.TO Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of BKCC.TO and HXQ.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.

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Drawdowns

BKCC.TO vs. HXQ.TO - Drawdown Comparison

The maximum BKCC.TO drawdown since its inception was -79.15%, which is greater than HXQ.TO's maximum drawdown of -31.60%. Use the drawdown chart below to compare losses from any high point for BKCC.TO and HXQ.TO.

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Drawdown Indicators

BKCC.TOHXQ.TODifference

Max Drawdown

Largest peak-to-trough decline

-79.15%

-31.60%

-47.55%

Max Drawdown (1Y)

Largest decline over 1 year

-7.30%

-12.43%

+5.13%

Max Drawdown (3Y)

Largest decline over 3 years

-11.79%

-22.58%

+10.79%

Max Drawdown (5Y)

Largest decline over 5 years

-79.15%

-31.60%

-47.55%

Max Drawdown (10Y)

Largest decline over 10 years

-79.15%

-31.60%

-47.55%

Current Drawdown

Current decline from peak

-22.84%

-7.80%

-15.04%

Average Drawdown

Average peak-to-trough decline

-18.24%

-5.72%

-12.52%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.63%

4.30%

-2.67%

Volatility

BKCC.TO vs. HXQ.TO - Volatility Comparison

The current volatility for Global X Equal Weight Canadian Bank Covered Call ETF (BKCC.TO) is 4.86%, while Global X Nasdaq-100 Index Corporate Class ETF (HXQ.TO) has a volatility of 6.71%. This indicates that BKCC.TO experiences smaller price fluctuations and is considered to be less risky than HXQ.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.TOHXQ.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.86%

6.71%

-1.85%

Volatility (6M)

Calculated over the trailing 6-month period

9.98%

15.67%

-5.69%

Volatility (1Y)

Calculated over the trailing 1-year period

11.31%

18.98%

-7.67%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

168.09%

21.29%

+146.80%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

123.23%

21.07%

+102.16%

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

BKCC.TO has a 0.84% expense ratio, which is higher than HXQ.TO's 0.25% expense ratio.

Dividends

BKCC.TO vs. HXQ.TO - Dividend Comparison

BKCC.TO's dividend yield for the trailing twelve months is around 8.94%, while HXQ.TO has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
BKCC.TO
Global X Equal Weight Canadian Bank Covered Call ETF		8.94%10.43%12.30%10.93%8.24%2.76%2.96%2.72%3.13%2.89%2.89%3.68%
HXQ.TO
Global X Nasdaq-100 Index Corporate Class ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

BKCC.TO and HXQ.TO have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, HXQ.TO is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

HXQ.TO is cheaper with a 0.25% expense ratio, compared with 0.84% for BKCC.TO.

BKCC.TO is categorized as Derivative Income, while HXQ.TO is Nasdaq-100. Their fees differ too: 0.84% for BKCC.TO and 0.25% for HXQ.TO.

Portfolio Optimizer

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