CORA.L vs. GLCC.TO

Last updated Jun 4, 2026

CORA.L (Cora Gold Limited) is a stock, while GLCC.TO (Global X Gold Producer Equity Covered Call ETF) is Derivative Income fund actively managed by Global X. Over the past 5 years, CORA.L returned 3.11%/yr vs 19.21%/yr for GLCC.TO. At a 0.06 correlation, their price movements are largely independent.

Performance

CORA.L vs. GLCC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Cora Gold Limited (CORA.L) and Global X Gold Producer Equity Covered Call ETF (GLCC.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

CORA.L is traded in GBp, while GLCC.TO is traded in CAD. To make them comparable, the GLCC.TO values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, CORA.L achieves a 40.74% return, which is significantly higher than GLCC.TO's -1.31% return.

CORA.L

• 1D: 0.00%
• 1M: -5.00%
• YTD: 40.74%
• 6M: 52.00%
• 1Y: 18.75%
• 3Y*: 38.19%
• 5Y*: 3.11%
• 10Y*: —

GLCC.TO

• 1D: -2.89%
• 1M: 0.39%
• YTD: -1.31%
• 6M: 4.81%
• 1Y: 59.26%
• 3Y*: 35.94%
• 5Y*: 19.21%
• 10Y*: 14.59%

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

CORA.L vs. GLCC.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CORA.L Cora Gold Limited	40.74%	175.51%	8.89%	-46.75%	-55.05%	10.59%	51.11%	-9.27%	-48.33%	-23.81%
GLCC.TO Global X Gold Producer Equity Covered Call ETF	-1.31%	131.08%	12.62%	3.18%	2.53%	-7.84%	13.85%	40.11%	-2.67%	-2.06%

Correlation

The correlation between CORA.L and GLCC.TO is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.05
Correlation (5Y) Calculated over the trailing 5-year period	0.06
Correlation (All Time) Calculated using the full available price history since Oct 17, 2017	0.06

Return for Risk

CORA.L vs. GLCC.TO — Risk / Return Rank

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

CORA.L

CORA.L Risk / Return Rank: 53
CORA.L Sharpe Ratio Rank: 49
CORA.L Sortino Ratio Rank: 53
CORA.L Omega Ratio Rank: 61
CORA.L Calmar Ratio Rank: 50
CORA.L Martin Ratio Rank: 50

GLCC.TO

GLCC.TO Risk / Return Rank: 39
GLCC.TO Sharpe Ratio Rank: 40
GLCC.TO Sortino Ratio Rank: 35
GLCC.TO Omega Ratio Rank: 40
GLCC.TO Calmar Ratio Rank: 42
GLCC.TO Martin Ratio Rank: 36

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.

CORA.L vs. GLCC.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cora Gold Limited (CORA.L) 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.

	CORA.L	GLCC.TO	Difference
Sharpe ratio: Return per unit of total volatility	0.22	1.45	-1.23
Sortino ratio: Return per unit of downside risk	0.95	1.85	-0.90
Omega ratio: Gain probability vs. loss probability	1.17	1.27	-0.09
Calmar ratio: Return relative to maximum drawdown	0.38	2.07	-1.70
Martin ratio: Return relative to average drawdown	0.82	5.60	-4.78
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CORA.L vs. GLCC.TO - Sharpe Ratio Comparison

The current CORA.L Sharpe Ratio is 0.22, which is lower than the GLCC.TO Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of CORA.L and GLCC.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.

Sharpe Ratios by Period

	CORA.L	GLCC.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.22	1.45	-1.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.05	0.61	-0.56
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.45	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.09	0.00	-0.09

Drawdowns

CORA.L vs. GLCC.TO - Drawdown Comparison

The maximum CORA.L drawdown since its inception was -92.37%, which is greater than GLCC.TO's maximum drawdown of -78.03%. Use the drawdown chart below to compare losses from any high point for CORA.L and GLCC.TO.

Drawdown Indicators

	CORA.L	GLCC.TO	Difference
Max Drawdown Largest peak-to-trough decline	-92.37%	-78.03%	-14.34%
Max Drawdown (1Y) Largest decline over 1 year	-49.50%	-28.71%	-20.79%
Max Drawdown (3Y) Largest decline over 3 years	-60.81%	-28.71%	-32.10%
Max Drawdown (5Y) Largest decline over 5 years	-92.37%	-32.56%	-59.81%
Max Drawdown (10Y) Largest decline over 10 years	—	-40.00%	—
Current Drawdown Current decline from peak	-50.00%	-24.68%	-25.32%
Average Drawdown Average peak-to-trough decline	-60.30%	-38.62%	-21.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.68%	10.61%	+12.07%

Volatility

CORA.L vs. GLCC.TO - Volatility Comparison

The current volatility for Cora Gold Limited (CORA.L) is 5.51%, while Global X Gold Producer Equity Covered Call ETF (GLCC.TO) has a volatility of 14.56%. This indicates that CORA.L experiences smaller price fluctuations and is considered to be less risky than GLCC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CORA.L	GLCC.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.51%	14.56%	-9.05%
Volatility (6M) Calculated over the trailing 6-month period	60.50%	33.51%	+26.99%
Volatility (1Y) Calculated over the trailing 1-year period	83.98%	41.13%	+42.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	65.61%	31.62%	+33.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	67.08%	32.35%	+34.73%

Dividends

CORA.L vs. GLCC.TO - Dividend Comparison

CORA.L has not paid dividends to shareholders, while GLCC.TO's dividend yield for the trailing twelve months is around 8.69%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CORA.L Cora Gold Limited	0.00%	0.00%	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	8.69%	6.01%	10.30%	11.16%	10.08%	6.31%	6.47%	4.58%	5.62%	7.09%	9.21%	11.63%

Frequently Asked Questions

Can I hold both CORA.L and GLCC.TO in my portfolio?

CORA.L and GLCC.TO have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.