CNQE.TO vs. GLCC.TO

Last updated Apr 14, 2026

CNQE.TO (Harvest CNQ Enhanced High Income Shares ETF) and GLCC.TO (Global X Gold Producer Equity Covered Call ETF) are both Derivative Income funds. Both are actively managed. At -0.15, they often move in opposite directions. CNQE.TO charges 0.40%/yr vs 0.79%/yr for GLCC.TO.

Performance

CNQE.TO vs. GLCC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Harvest CNQ Enhanced High Income Shares ETF (CNQE.TO) and Global X Gold Producer Equity Covered Call ETF (GLCC.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CNQE.TO achieves a 38.03% return, which is significantly higher than GLCC.TO's 16.02% return.

CNQE.TO

• 1D: 2.32%
• 1M: -2.57%
• YTD: 38.03%
• 6M: 46.45%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GLCC.TO

• 1D: 1.37%
• 1M: 8.49%
• YTD: 16.02%
• 6M: 26.71%
• 1Y: 95.00%
• 3Y*: 44.84%
• 5Y*: 26.22%
• 10Y*: 17.74%

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

CNQE.TO vs. GLCC.TO - Yearly Performance Comparison

	2026 (YTD)	2025
CNQE.TO Harvest CNQ Enhanced High Income Shares ETF	38.03%	13.80%
GLCC.TO Global X Gold Producer Equity Covered Call ETF	16.02%	38.29%

Correlation

The correlation between CNQE.TO and GLCC.TO is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management — when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 22, 2025	-0.15

Return for Risk

CNQE.TO vs. GLCC.TO — Risk / Return Rank

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

GLCC.TO

GLCC.TO Risk / Return Rank: 57
GLCC.TO Sharpe Ratio Rank: 65
GLCC.TO Sortino Ratio Rank: 40
GLCC.TO Omega Ratio Rank: 55
GLCC.TO Calmar Ratio Rank: 62
GLCC.TO Martin Ratio Rank: 61

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.

CNQE.TO vs. GLCC.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harvest CNQ Enhanced High Income Shares ETF (CNQE.TO) and Global X Gold Producer Equity Covered Call ETF (GLCC.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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	CNQE.TO	GLCC.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.39	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.85	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.56	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.39	0.20	+3.19

Drawdowns

CNQE.TO vs. GLCC.TO - Drawdown Comparison

The maximum CNQE.TO drawdown since its inception was -12.39%, smaller than the maximum GLCC.TO drawdown of -71.12%. Use the drawdown chart below to compare losses from any high point for CNQE.TO and GLCC.TO.

Drawdown Indicators

	CNQE.TO	GLCC.TO	Difference
Max Drawdown Largest peak-to-trough decline	-12.39%	-71.12%	+58.73%
Max Drawdown (1Y) Largest decline over 1 year	—	-28.86%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-37.60%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-44.83%	—
Current Drawdown Current decline from peak	-6.97%	-10.76%	+3.79%
Average Drawdown Average peak-to-trough decline	-2.63%	-34.57%	+31.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	7.89%	—

Volatility

Volatility by Period

	CNQE.TO	GLCC.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	14.95%	—
Volatility (6M) Calculated over the trailing 6-month period	—	34.72%	—
Volatility (1Y) Calculated over the trailing 1-year period	31.20%	40.19%	-8.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.20%	31.23%	-0.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.20%	31.78%	-0.58%

CNQE.TO vs. GLCC.TO - Expense Ratio Comparison

CNQE.TO has a 0.40% expense ratio, which is lower than GLCC.TO's 0.79% expense ratio.

Dividends

CNQE.TO vs. GLCC.TO - Dividend Comparison

CNQE.TO's dividend yield for the trailing twelve months is around 6.52%, which matches GLCC.TO's 6.48% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CNQE.TO Harvest CNQ Enhanced High Income Shares ETF	6.52%	4.42%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GLCC.TO Global X Gold Producer Equity Covered Call ETF	6.48%	6.01%	10.30%	11.16%	10.08%	6.31%	6.47%	4.58%	5.62%	7.09%	9.21%	11.65%