EIT-UN.TO vs. BCCL.NEO
EIT-UN.TO (Canoe EIT Income Fund) and BCCL.NEO (Global X Enhanced Bitcoin Covered Call ETF) are both funds - EIT-UN.TO is a Diversified Portfolio fund actively managed by Canoe, while BCCL.NEO is a Derivative Income fund actively managed by Global X. Both are actively managed. Over the past year, EIT-UN.TO returned 20.74% vs -40.39% for BCCL.NEO. At a 0.19 correlation, their price movements are largely independent.
Performance
EIT-UN.TO vs. BCCL.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, EIT-UN.TO achieves a 14.30% return, which is significantly higher than BCCL.NEO's -29.24% return.
EIT-UN.TO
- 1D
- 0.58%
- 1M
- 1.74%
- YTD
- 14.30%
- 6M
- 14.60%
- 1Y
- 20.74%
- 3Y*
- 20.71%
- 5Y*
- 16.85%
- 10Y*
- 15.91%
BCCL.NEO
- 1D
- 3.95%
- 1M
- -23.48%
- YTD
- -29.24%
- 6M
- -31.76%
- 1Y
- -40.39%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EIT-UN.TO vs. BCCL.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EIT-UN.TO Canoe EIT Income Fund | 14.30% | 10.21% |
BCCL.NEO Global X Enhanced Bitcoin Covered Call ETF | -29.24% | -6.82% |
Correlation
The correlation between EIT-UN.TO and BCCL.NEO is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since May 5, 2025 | 0.19 |
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Return for Risk
EIT-UN.TO vs. BCCL.NEO — Risk / Return Rank
EIT-UN.TO
BCCL.NEO
EIT-UN.TO vs. BCCL.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Canoe EIT Income Fund (EIT-UN.TO) and Global X Enhanced Bitcoin Covered Call ETF (BCCL.NEO). 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.
| EIT-UN.TO | BCCL.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.28 | ||
| Sortino ratioReturn per unit of downside risk | +4.87 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 0.85 | +0.58 |
| Calmar ratioReturn relative to maximum drawdown | 3.49 | -0.76 | +4.24 |
| Martin ratioReturn relative to average drawdown | 13.34 | -1.34 | +14.68 |
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Drawdowns
EIT-UN.TO vs. BCCL.NEO - Drawdown Comparison
The maximum EIT-UN.TO drawdown since its inception was -63.56%, which is greater than BCCL.NEO's maximum drawdown of -55.27%. Use the drawdown chart below to compare losses from any high point for EIT-UN.TO and BCCL.NEO.
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Drawdown Indicators
| EIT-UN.TO | BCCL.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.56% | -55.27% | -8.29% |
Max Drawdown (1Y)Largest decline over 1 year | -5.93% | -55.27% | +49.34% |
Max Drawdown (3Y)Largest decline over 3 years | -9.45% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -15.57% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -50.36% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -51.84% | +51.84% |
Average DrawdownAverage peak-to-trough decline | -8.81% | -23.09% | +14.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.55% | 31.07% | -29.52% |
Volatility
EIT-UN.TO vs. BCCL.NEO - Volatility Comparison
The current volatility for Canoe EIT Income Fund (EIT-UN.TO) is 2.54%, while Global X Enhanced Bitcoin Covered Call ETF (BCCL.NEO) has a volatility of 15.04%. This indicates that EIT-UN.TO experiences smaller price fluctuations and is considered to be less risky than BCCL.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EIT-UN.TO | BCCL.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.54% | 15.04% | -12.50% |
Volatility (6M)Calculated over the trailing 6-month period | 7.54% | 33.17% | -25.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.83% | 44.72% | -35.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.21% | 44.26% | -32.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.52% | 44.26% | -26.74% |
Dividends
EIT-UN.TO vs. BCCL.NEO - Dividend Comparison
EIT-UN.TO's dividend yield for the trailing twelve months is around 6.88%, less than BCCL.NEO's 41.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BCCL.NEO Global X Enhanced Bitcoin Covered Call ETF | 39.89% | 16.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EIT-UN.TO Canoe EIT Income Fund | 6.88% | 7.64% | 7.90% | 9.29% | 8.97% | 9.08% | 12.20% | 11.53% | 11.65% | 10.16% | 10.06% | 10.71% |
Frequently Asked Questions
EIT-UN.TO and BCCL.NEO have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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