EACC.NEO vs. USCL.TO
EACC.NEO (Global X MSCI EAFE Covered Call ETF) and USCL.TO (Global X Enhanced S&P 500 Covered Call ETF) are both Derivative Income funds from Global X. EACC.NEO is passively managed, while USCL.TO is actively managed. Over the past year, EACC.NEO returned 20.09% vs 31.01% for USCL.TO. A 0.56 correlation means they provide meaningful diversification when combined. EACC.NEO charges 0.49%/yr vs 0.04%/yr for USCL.TO.
Performance
EACC.NEO vs. USCL.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EACC.NEO achieves a 8.26% return, which is significantly lower than USCL.TO's 12.21% return.
EACC.NEO
- 1D
- 0.66%
- 1M
- 4.81%
- YTD
- 8.26%
- 6M
- 8.64%
- 1Y
- 20.09%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USCL.TO
- 1D
- 0.57%
- 1M
- 7.22%
- YTD
- 12.21%
- 6M
- 10.42%
- 1Y
- 31.01%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EACC.NEO vs. USCL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EACC.NEO Global X MSCI EAFE Covered Call ETF | 8.26% | 18.86% | 0.72% |
USCL.TO Global X Enhanced S&P 500 Covered Call ETF | 12.21% | 10.03% | 20.62% |
Correlation
The correlation between EACC.NEO and USCL.TO is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since May 22, 2024 | 0.56 |
The correlation between EACC.NEO and USCL.TO has been stable across timeframes, ranging from 0.56 to 0.63 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EACC.NEO vs. USCL.TO — Risk / Return Rank
EACC.NEO
USCL.TO
EACC.NEO vs. USCL.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 S&P 500 Covered Call ETF (USCL.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 | USCL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.30 | ||
| Sortino ratioReturn per unit of downside risk | -1.71 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.51 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.79 | 3.64 | -1.85 |
| Martin ratioReturn relative to average drawdown | 6.14 | 14.83 | -8.69 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| EACC.NEO | USCL.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.35 | 2.65 | -1.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.91 | 1.43 | -0.53 |
Drawdowns
EACC.NEO vs. USCL.TO - Drawdown Comparison
The maximum EACC.NEO drawdown since its inception was -13.35%, smaller than the maximum USCL.TO drawdown of -21.85%. Use the drawdown chart below to compare losses from any high point for EACC.NEO and USCL.TO.
Loading charts...
Drawdown Indicators
| EACC.NEO | USCL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.35% | -21.85% | +8.50% |
Max Drawdown (1Y)Largest decline over 1 year | -11.30% | -8.56% | -2.74% |
Current DrawdownCurrent decline from peak | -0.08% | 0.00% | -0.08% |
Average DrawdownAverage peak-to-trough decline | -2.09% | -2.55% | +0.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.28% | 2.10% | +1.18% |
Volatility
EACC.NEO vs. USCL.TO - Volatility Comparison
Global X MSCI EAFE Covered Call ETF (EACC.NEO) has a higher volatility of 4.26% compared to Global X Enhanced S&P 500 Covered Call ETF (USCL.TO) at 2.81%. This indicates that EACC.NEO's price experiences larger fluctuations and is considered to be riskier than USCL.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EACC.NEO | USCL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.26% | 2.81% | +1.45% |
Volatility (6M)Calculated over the trailing 6-month period | 12.79% | 9.32% | +3.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.97% | 11.78% | +3.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.05% | 15.43% | -0.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.05% | 15.43% | -0.38% |
EACC.NEO vs. USCL.TO - Expense Ratio Comparison
EACC.NEO has a 0.49% expense ratio, which is higher than USCL.TO's 0.04% expense ratio.
Dividends
EACC.NEO vs. USCL.TO - Dividend Comparison
EACC.NEO's dividend yield for the trailing twelve months is around 7.43%, less than USCL.TO's 11.88% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
EACC.NEO Global X MSCI EAFE Covered Call ETF | 7.43% | 7.55% | 5.12% | 0.00% |
USCL.TO Global X Enhanced S&P 500 Covered Call ETF | 11.88% | 12.94% | 11.57% | 7.08% |
Frequently Asked Questions
EACC.NEO and USCL.TO have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, USCL.TO is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.
USCL.TO is cheaper with a 0.04% expense ratio, compared with 0.49% for EACC.NEO.
Their fees differ too: 0.49% for EACC.NEO and 0.04% for USCL.TO.
Find the right allocation for EACC.NEO and USCL.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer