BKCC.TO vs. PINC.TO
BKCC.TO (Global X Equal Weight Canadian Bank Covered Call ETF) and PINC.TO (Purpose Multi-Asset Income Fund) are both Derivative Income funds. Both are actively managed. Over the past 5 years, BKCC.TO returned -3.04%/yr vs 6.76%/yr for PINC.TO. Their 0.37 correlation means their historical movements had little consistent relationship. BKCC.TO charges 0.84%/yr vs 1.04%/yr for PINC.TO.
Performance
BKCC.TO vs. PINC.TO - Performance Comparison
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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 PINC.TO's 17.29% 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%
PINC.TO
- 1D
- -0.26%
- 1M
- 1.34%
- 6M
- 15.30%
- YTD
- 17.29%
- 1Y
- 24.86%
- 3Y*
- 14.78%
- 5Y*
- 6.76%
- 10Y*
- —
- ALL TIME*
- 6.95%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$676.89K | CA$498.47K | CA$695.09K | |
| CA$17.08K | CA$13.56K | CA$13.69K |
BKCC.TO vs. PINC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% | -12.60% |
PINC.TO Purpose Multi-Asset Income Fund | 17.29% | 14.41% | 11.54% | 0.95% | -12.11% | 21.51% | 0.74% | 14.28% | -6.43% |
Correlation
The correlation between BKCC.TO and PINC.TO is 0.37, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.37 |
Correlation (3Y) Balances recent behavior with more history. | 0.43 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.44 |
Correlation (All Time) Calculated using the full available price history since May 8, 2018 | 0.37 |
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Return for Risk
BKCC.TO vs. PINC.TO — Risk / Return Rank
BKCC.TO
PINC.TO
BKCC.TO vs. PINC.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 Purpose Multi-Asset Income Fund (PINC.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.TO | PINC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.79 | 1.78 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 6.49 | 6.71 | -0.22 |
| Martin ratioReturn relative to average drawdown | 29.05 | 26.05 | +3.00 |
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Drawdowns
BKCC.TO vs. PINC.TO - Drawdown Comparison
The maximum BKCC.TO drawdown since its inception was -79.15%, which is greater than PINC.TO's maximum drawdown of -43.84%. Use the drawdown chart below to compare losses from any high point for BKCC.TO and PINC.TO.
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Drawdown Indicators
| BKCC.TO | PINC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.15% | -43.84% | -35.31% |
Max Drawdown (1Y)Largest decline over 1 year | -7.30% | -3.59% | -3.71% |
Max Drawdown (3Y)Largest decline over 3 years | -11.79% | -8.55% | -3.24% |
Max Drawdown (5Y)Largest decline over 5 years | -79.15% | -21.04% | -58.11% |
Max Drawdown (10Y)Largest decline over 10 years | -79.15% | — | — |
Current DrawdownCurrent decline from peak | -22.84% | -0.94% | -21.90% |
Average DrawdownAverage peak-to-trough decline | -18.24% | -5.79% | -12.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 0.92% | +0.71% |
Volatility
BKCC.TO vs. PINC.TO - Volatility Comparison
Global X Equal Weight Canadian Bank Covered Call ETF (BKCC.TO) has a higher volatility of 4.86% compared to Purpose Multi-Asset Income Fund (PINC.TO) at 1.64%. This indicates that BKCC.TO's price experiences larger fluctuations and is considered to be riskier than PINC.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 | PINC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.86% | 1.64% | +3.22% |
Volatility (6M)Calculated over the trailing 6-month period | 9.98% | 5.04% | +4.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.31% | 6.37% | +4.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 168.09% | 8.38% | +159.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 123.23% | 14.69% | +108.54% |
BKCC.TO vs. PINC.TO - Expense Ratio Comparison
BKCC.TO has a 0.84% expense ratio, which is lower than PINC.TO's 1.04% expense ratio.
Dividends
BKCC.TO vs. PINC.TO - Dividend Comparison
BKCC.TO's dividend yield for the trailing twelve months is around 8.94%, more than PINC.TO's 4.43% 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 | 8.94% | 10.43% | 12.30% | 10.93% | 8.24% | 2.76% | 2.96% | 2.72% | 3.13% | 2.89% | 2.89% | 3.68% |
PINC.TO Purpose Multi-Asset Income Fund | 4.43% | 5.05% | 5.48% | 5.78% | 5.51% | 4.60% | 5.33% | 5.06% | 3.66% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BKCC.TO and PINC.TO have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BKCC.TO is cheaper at 0.84% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BKCC.TO is cheaper with a 0.84% expense ratio, compared with 1.04% for PINC.TO.
They also come from different issuers: Global X and Purpose. Their fees differ too: 0.84% for BKCC.TO and 1.04% for PINC.TO.
Find the right allocation for BKCC.TO and PINC.TO
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