EACC.NEO vs. BKCL.TO
EACC.NEO (Global X MSCI EAFE Covered Call ETF) and BKCL.TO (Global X Enhanced Equal Weight Canadian Banks Covered Call ETF) are both exchange-traded funds - EACC.NEO is a Derivative Income fund tracking the MSCI EAFE Index, while BKCL.TO is a Financials Equities fund actively managed by Global X. EACC.NEO is passively managed, while BKCL.TO is actively managed. Over the past year, EACC.NEO returned 20.09% vs 55.61% for BKCL.TO. At a 0.49 correlation, their price movements are largely independent. EACC.NEO charges 0.49%/yr vs 1.68%/yr for BKCL.TO.
Performance
EACC.NEO vs. BKCL.TO - Performance Comparison
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Returns By Period
In the year-to-date period, EACC.NEO achieves a 8.26% return, which is significantly lower than BKCL.TO's 19.21% return.
EACC.NEO
- 1D
- 0.66%
- 1M
- 4.81%
- YTD
- 8.26%
- 6M
- 8.64%
- 1Y
- 20.09%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BKCL.TO
- 1D
- 1.51%
- 1M
- 6.11%
- YTD
- 19.21%
- 6M
- 22.19%
- 1Y
- 55.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EACC.NEO vs. BKCL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EACC.NEO Global X MSCI EAFE Covered Call ETF | 8.26% | 18.86% | 0.72% |
BKCL.TO Global X Enhanced Equal Weight Canadian Banks Covered Call ETF | 19.21% | 34.78% | 14.89% |
Correlation
The correlation between EACC.NEO and BKCL.TO is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since May 22, 2024 | 0.49 |
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Return for Risk
EACC.NEO vs. BKCL.TO — Risk / Return Rank
EACC.NEO
BKCL.TO
EACC.NEO vs. BKCL.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X MSCI EAFE Covered Call ETF (EACC.NEO) and Global X Enhanced Equal Weight Canadian Banks Covered Call ETF (BKCL.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.
| EACC.NEO | BKCL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.07 | ||
| Sortino ratioReturn per unit of downside risk | -4.22 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.85 | -0.58 |
| Calmar ratioReturn relative to maximum drawdown | 1.79 | 6.11 | -4.32 |
| Martin ratioReturn relative to average drawdown | 6.14 | 27.98 | -21.84 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EACC.NEO | BKCL.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.35 | 4.42 | -3.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.91 | 2.10 | -1.20 |
Drawdowns
EACC.NEO vs. BKCL.TO - Drawdown Comparison
The maximum EACC.NEO drawdown since its inception was -13.35%, smaller than the maximum BKCL.TO drawdown of -16.58%. Use the drawdown chart below to compare losses from any high point for EACC.NEO and BKCL.TO.
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Drawdown Indicators
| EACC.NEO | BKCL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.35% | -16.58% | +3.23% |
Max Drawdown (1Y)Largest decline over 1 year | -11.30% | -9.15% | -2.15% |
Current DrawdownCurrent decline from peak | -0.08% | -0.33% | +0.25% |
Average DrawdownAverage peak-to-trough decline | -2.09% | -2.67% | +0.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.28% | 1.99% | +1.29% |
Volatility
EACC.NEO vs. BKCL.TO - Volatility Comparison
The current volatility for Global X MSCI EAFE Covered Call ETF (EACC.NEO) is 4.26%, while Global X Enhanced Equal Weight Canadian Banks Covered Call ETF (BKCL.TO) has a volatility of 4.58%. This indicates that EACC.NEO experiences smaller price fluctuations and is considered to be less risky than BKCL.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EACC.NEO | BKCL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.26% | 4.58% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 12.79% | 11.34% | +1.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.97% | 12.66% | +2.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.05% | 13.18% | +1.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.05% | 13.18% | +1.87% |
EACC.NEO vs. BKCL.TO - Expense Ratio Comparison
EACC.NEO has a 0.49% expense ratio, which is lower than BKCL.TO's 1.68% expense ratio.
Dividends
EACC.NEO vs. BKCL.TO - Dividend Comparison
EACC.NEO's dividend yield for the trailing twelve months is around 7.43%, less than BKCL.TO's 11.31% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BKCL.TO Global X Enhanced Equal Weight Canadian Banks Covered Call ETF | 11.31% | 12.60% | 15.02% | 7.91% |
EACC.NEO Global X MSCI EAFE Covered Call ETF | 7.43% | 7.55% | 5.12% | 0.00% |
Frequently Asked Questions
EACC.NEO and BKCL.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, EACC.NEO is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EACC.NEO is cheaper with a 0.49% expense ratio, compared with 1.68% for BKCL.TO.
EACC.NEO is categorized as Derivative Income, while BKCL.TO is Financials Equities. Their fees differ too: 0.49% for EACC.NEO and 1.68% for BKCL.TO.
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