EQCC.TO vs. ZPH.TO
EQCC.TO (Global X All-Equity Asset Allocation Covered Call ETF) and ZPH.TO (BMO US Put Write Hedged to CAD ETF) are both Derivative Income funds. Both are actively managed. Over the past year, EQCC.TO returned 24.36% vs 7.48% for ZPH.TO. At a 0.30 correlation, their price movements are largely independent. Both charge a 0.65% expense ratio.
Performance
EQCC.TO vs. ZPH.TO - Performance Comparison
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Returns By Period
In the year-to-date period, EQCC.TO achieves a 12.51% return, which is significantly higher than ZPH.TO's 1.91% return.
EQCC.TO
- 1D
- -0.85%
- 1M
- 2.10%
- 6M
- 9.13%
- YTD
- 12.51%
- 1Y
- 24.36%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ZPH.TO
- 1D
- 0.29%
- 1M
- 1.55%
- 6M
- 1.70%
- YTD
- 1.91%
- 1Y
- 7.48%
- 3Y*
- 7.85%
- 5Y*
- 5.63%
- 10Y*
- —
EQCC.TO vs. ZPH.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EQCC.TO Global X All-Equity Asset Allocation Covered Call ETF | 12.51% | 13.50% | 11.63% |
ZPH.TO BMO US Put Write Hedged to CAD ETF | 1.91% | 9.47% | 4.03% |
Correlation
The correlation between EQCC.TO and ZPH.TO is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since May 30, 2024 | 0.30 |
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Return for Risk
EQCC.TO vs. ZPH.TO — Risk / Return Rank
EQCC.TO
ZPH.TO
EQCC.TO vs. ZPH.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X All-Equity Asset Allocation Covered Call ETF (EQCC.TO) and BMO US Put Write Hedged to CAD ETF (ZPH.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.
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.
| EQCC.TO | ZPH.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.89 | ||
| Sortino ratioReturn per unit of downside risk | +1.17 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.21 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 3.34 | 1.24 | +2.11 |
| Martin ratioReturn relative to average drawdown | 12.67 | 4.67 | +8.00 |
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Drawdowns
EQCC.TO vs. ZPH.TO - Drawdown Comparison
The maximum EQCC.TO drawdown since its inception was -15.94%, smaller than the maximum ZPH.TO drawdown of -33.38%. Use the drawdown chart below to compare losses from any high point for EQCC.TO and ZPH.TO.
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Drawdown Indicators
| EQCC.TO | ZPH.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.94% | -33.38% | +17.44% |
Max Drawdown (1Y)Largest decline over 1 year | -7.32% | -6.07% | -1.25% |
Max Drawdown (3Y)Largest decline over 3 years | — | -11.83% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.38% | — |
Current DrawdownCurrent decline from peak | -1.02% | -0.26% | -0.76% |
Average DrawdownAverage peak-to-trough decline | -1.70% | -4.23% | +2.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.93% | 1.60% | +0.33% |
Volatility
EQCC.TO vs. ZPH.TO - Volatility Comparison
Global X All-Equity Asset Allocation Covered Call ETF (EQCC.TO) has a higher volatility of 2.99% compared to BMO US Put Write Hedged to CAD ETF (ZPH.TO) at 2.53%. This indicates that EQCC.TO's price experiences larger fluctuations and is considered to be riskier than ZPH.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EQCC.TO | ZPH.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.99% | 2.53% | +0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 10.01% | 5.62% | +4.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.03% | 6.54% | +5.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.86% | 11.18% | +2.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.86% | 12.60% | +1.26% |
EQCC.TO vs. ZPH.TO - Expense Ratio Comparison
Both EQCC.TO and ZPH.TO have an expense ratio of 0.65%.
Dividends
EQCC.TO vs. ZPH.TO - Dividend Comparison
EQCC.TO's dividend yield for the trailing twelve months is around 8.77%, less than ZPH.TO's 10.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
EQCC.TO Global X All-Equity Asset Allocation Covered Call ETF | 8.77% | 9.43% | 5.38% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ZPH.TO BMO US Put Write Hedged to CAD ETF | 10.40% | 10.06% | 9.95% | 8.18% | 8.83% | 7.27% | 7.67% | 7.26% | 6.98% | 5.94% |
Frequently Asked Questions
EQCC.TO and ZPH.TO have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.65% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
EQCC.TO and ZPH.TO have the same expense ratio: 0.65% per year.
They also come from different issuers: Global X and BMO.
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