BKCC.TO vs. PYF.TO

Last updated Aug 2, 2026

BKCC.TO (Global X Equal Weight Canadian Bank Covered Call ETF) and PYF.TO (Purpose Premium Yield Fund Series ETF) are both exchange-traded funds - BKCC.TO is a Derivative Income fund actively managed by Global X, while PYF.TO is a Diversified Portfolio fund actively managed by Purpose. Both are actively managed. Over the past 10 years, BKCC.TO returned 0.94%/yr vs 4.72%/yr for PYF.TO. Their 0.31 correlation means their historical movements had little consistent relationship. BKCC.TO charges 0.84%/yr vs 0.78%/yr for PYF.TO.

Performance

BKCC.TO vs. PYF.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 Purpose Premium Yield Fund Series ETF (PYF.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BKCC.TO achieves a 23.57% return, which is significantly higher than PYF.TO's 2.88% return. Over the past 10 years, BKCC.TO has underperformed PYF.TO with an annualized return of 0.94%, while PYF.TO has yielded a comparatively higher 4.72% 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%

PYF.TO

• 1D: -0.06%
• 1M: 1.39%
• 6M: 3.00%
• YTD: 2.88%
• 1Y: 3.72%
• 3Y*: 6.56%
• 5Y*: 6.14%
• 10Y*: 4.72%
• ALL TIME*: 4.70%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BKCC.TO Global X Equal Weight Canadian Bank Covered Call ETF	CA$676.89K	CA$498.47K	CA$695.09K
PYF.TO Purpose Premium Yield Fund Series ETF	CA$180.65K	CA$168.16K	CA$423.88K

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
PYF.TO Purpose Premium Yield Fund Series ETF	2.88%	5.45%	7.42%	8.40%	5.25%	4.95%	-1.59%	7.28%	2.01%	3.61%

Correlation

The correlation between BKCC.TO and PYF.TO is 0.30, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.30
Correlation (3Y) Balances recent behavior with more history.	0.34
Correlation (5Y) Shows whether the relationship held over a longer period.	0.33
Correlation (10Y) Provides a long-term view across more market conditions.	0.31
Correlation (All Time) Calculated using the full available price history since Jan 19, 2016	0.31

Return for Risk

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

Compare historical risk-adjusted metric ranks over the past 12 months.

BKCC.TO

BKCC.TO Risk / Return Rank: 97
BKCC.TO Sharpe Ratio Rank: 98
BKCC.TO Sortino Ratio Rank: 97
BKCC.TO Omega Ratio Rank: 97
BKCC.TO Calmar Ratio Rank: 96
BKCC.TO Martin Ratio Rank: 97

PYF.TO

PYF.TO Risk / Return Rank: 48
PYF.TO Sharpe Ratio Rank: 47
PYF.TO Sortino Ratio Rank: 47
PYF.TO Omega Ratio Rank: 50
PYF.TO Calmar Ratio Rank: 50
PYF.TO Martin Ratio Rank: 43

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. PYF.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 Premium Yield Fund Series ETF (PYF.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	PYF.TO	Difference
Sharpe ratio: Return per unit of total volatility	4.19	1.17	+3.03
Sortino ratio: Return per unit of downside risk	5.57	1.71	+3.86
Omega ratio: Gain probability vs. loss probability	1.79	1.23	+0.56
Calmar ratio: Return relative to maximum drawdown	6.49	1.79	+4.70
Martin ratio: Return relative to average drawdown	29.05	4.79	+24.27

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

The current BKCC.TO Sharpe Ratio is 4.19, which is higher than the PYF.TO Sharpe Ratio of 1.17. The chart below compares the historical Sharpe Ratios of BKCC.TO and PYF.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.

Drawdowns

BKCC.TO vs. PYF.TO - Drawdown Comparison

The maximum BKCC.TO drawdown since its inception was -79.15%, which is greater than PYF.TO's maximum drawdown of -20.53%. Use the drawdown chart below to compare losses from any high point for BKCC.TO and PYF.TO.

Drawdown Indicators

	BKCC.TO	PYF.TO	Difference
Max Drawdown Largest peak-to-trough decline	-79.15%	-20.53%	-58.62%
Max Drawdown (1Y) Largest decline over 1 year	-7.30%	-2.11%	-5.19%
Max Drawdown (3Y) Largest decline over 3 years	-11.79%	-5.57%	-6.22%
Max Drawdown (5Y) Largest decline over 5 years	-79.15%	-5.57%	-73.58%
Max Drawdown (10Y) Largest decline over 10 years	-79.15%	-20.53%	-58.62%
Current Drawdown Current decline from peak	-22.84%	-0.06%	-22.78%
Average Drawdown Average peak-to-trough decline	-18.24%	-0.97%	-17.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.63%	0.79%	+0.84%

Volatility

BKCC.TO vs. PYF.TO - Volatility Comparison

Global X Equal Weight Canadian Bank Covered Call ETF (BKCC.TO) has a higher volatility of 4.86% compared to Purpose Premium Yield Fund Series ETF (PYF.TO) at 1.04%. This indicates that BKCC.TO's price experiences larger fluctuations and is considered to be riskier than PYF.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BKCC.TO	PYF.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.86%	1.04%	+3.82%
Volatility (6M) Calculated over the trailing 6-month period	9.98%	2.82%	+7.16%
Volatility (1Y) Calculated over the trailing 1-year period	11.31%	3.28%	+8.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	168.09%	5.26%	+162.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	123.23%	6.67%	+116.56%

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

BKCC.TO has a 0.84% expense ratio, which is higher than PYF.TO's 0.78% expense ratio.

Dividends

BKCC.TO vs. PYF.TO - Dividend Comparison

BKCC.TO's dividend yield for the trailing twelve months is around 8.94%, more than PYF.TO's 7.07% 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%
PYF.TO Purpose Premium Yield Fund Series ETF	7.07%	7.84%	7.66%	7.47%	5.78%	5.74%	5.69%	5.29%	5.38%	5.83%	6.59%	0.00%

Frequently Asked Questions

Can I hold both BKCC.TO and PYF.TO in my portfolio?

BKCC.TO and PYF.TO have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BKCC.TO or PYF.TO?

On fees, PYF.TO is cheaper at 0.78% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BKCC.TO or PYF.TO?

PYF.TO is cheaper with a 0.78% expense ratio, compared with 0.84% for BKCC.TO.

What is the main difference between BKCC.TO and PYF.TO?

BKCC.TO is categorized as Derivative Income, while PYF.TO is Diversified Portfolio. They also come from different issuers: Global X and Purpose. Their fees differ too: 0.84% for BKCC.TO and 0.78% for PYF.TO.