EQLI.TO vs. USCC-U.TO

Last updated Jul 17, 2026

EQLI.TO (Invesco S&P 500 Equal Weight Income Advantage ETF) and USCC-U.TO (Global X S&P 500 Covered Call ETF) are both S&P 500 funds. EQLI.TO is passively managed, while USCC-U.TO is actively managed. Over the past year, EQLI.TO returned 21.29% vs 22.52% for USCC-U.TO. At a 0.33 correlation, their price movements are largely independent.

Performance

EQLI.TO vs. USCC-U.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Invesco S&P 500 Equal Weight Income Advantage ETF (EQLI.TO) and Global X S&P 500 Covered Call ETF (USCC-U.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

EQLI.TO is traded in CAD, while USCC-U.TO is traded in USD. To make them comparable, the USCC-U.TO values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, EQLI.TO achieves a 13.74% return, which is significantly higher than USCC-U.TO's 10.20% return.

EQLI.TO

• 1D: 0.71%
• 1M: 2.26%
• 6M: 9.12%
• YTD: 13.74%
• 1Y: 21.29%
• 3Y*: —
• 5Y*: —
• 10Y*: —

USCC-U.TO

• 1D: -0.17%
• 1M: 0.89%
• 6M: 9.06%
• YTD: 10.20%
• 1Y: 22.52%
• 3Y*: 18.34%
• 5Y*: 12.16%
• 10Y*: 12.49%

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

EQLI.TO vs. USCC-U.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EQLI.TO Invesco S&P 500 Equal Weight Income Advantage ETF	13.74%	6.41%	7.17%
USCC-U.TO Global X S&P 500 Covered Call ETF	10.20%	9.23%	13.09%

Correlation

The correlation between EQLI.TO and USCC-U.TO is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (All Time) Calculated using the full available price history since Aug 21, 2024	0.33

Return for Risk

EQLI.TO vs. USCC-U.TO — Risk / Return Rank

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

EQLI.TO

EQLI.TO Risk / Return Rank: 88
EQLI.TO Sharpe Ratio Rank: 88
EQLI.TO Sortino Ratio Rank: 90
EQLI.TO Omega Ratio Rank: 86
EQLI.TO Calmar Ratio Rank: 87
EQLI.TO Martin Ratio Rank: 88

USCC-U.TO

USCC-U.TO Risk / Return Rank: 74
USCC-U.TO Sharpe Ratio Rank: 76
USCC-U.TO Sortino Ratio Rank: 73
USCC-U.TO Omega Ratio Rank: 82
USCC-U.TO Calmar Ratio Rank: 64
USCC-U.TO Martin Ratio Rank: 77

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.

EQLI.TO vs. USCC-U.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Equal Weight Income Advantage ETF (EQLI.TO) and Global X S&P 500 Covered Call ETF (USCC-U.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.

	EQLI.TO	USCC-U.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.33	2.21	+0.12
Sortino ratio: Return per unit of downside risk	3.39	3.09	+0.30
Omega ratio: Gain probability vs. loss probability	1.42	1.41	0.00
Calmar ratio: Return relative to maximum drawdown	3.91	3.33	+0.58
Martin ratio: Return relative to average drawdown	14.87	12.95	+1.93

EQLI.TO vs. USCC-U.TO - Sharpe Ratio Comparison

The current EQLI.TO Sharpe Ratio is 2.33, which is comparable to the USCC-U.TO Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of EQLI.TO and USCC-U.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.

Drawdowns

EQLI.TO vs. USCC-U.TO - Drawdown Comparison

The maximum EQLI.TO drawdown since its inception was -15.56%, smaller than the maximum USCC-U.TO drawdown of -36.21%. Use the drawdown chart below to compare losses from any high point for EQLI.TO and USCC-U.TO.

Drawdown Indicators

	EQLI.TO	USCC-U.TO	Difference
Max Drawdown Largest peak-to-trough decline	-15.56%	-36.21%	+20.65%
Max Drawdown (1Y) Largest decline over 1 year	-5.47%	-6.80%	+1.33%
Max Drawdown (3Y) Largest decline over 3 years	—	-18.22%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-18.22%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-36.21%	—
Current Drawdown Current decline from peak	-1.78%	-1.09%	-0.69%
Average Drawdown Average peak-to-trough decline	-2.33%	-4.87%	+2.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.43%	1.74%	-0.31%

Volatility

EQLI.TO vs. USCC-U.TO - Volatility Comparison

The current volatility for Invesco S&P 500 Equal Weight Income Advantage ETF (EQLI.TO) is 2.43%, while Global X S&P 500 Covered Call ETF (USCC-U.TO) has a volatility of 2.59%. This indicates that EQLI.TO experiences smaller price fluctuations and is considered to be less risky than USCC-U.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EQLI.TO	USCC-U.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.43%	2.59%	-0.16%
Volatility (6M) Calculated over the trailing 6-month period	7.08%	8.10%	-1.02%
Volatility (1Y) Calculated over the trailing 1-year period	9.18%	10.27%	-1.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.94%	14.20%	-2.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.94%	24.70%	-12.76%

Dividends

EQLI.TO vs. USCC-U.TO - Dividend Comparison

EQLI.TO's dividend yield for the trailing twelve months is around 8.09%, less than USCC-U.TO's 9.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EQLI.TO Invesco S&P 500 Equal Weight Income Advantage ETF	8.09%	8.74%	2.99%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
USCC-U.TO Global X S&P 500 Covered Call ETF	9.66%	9.88%	10.20%	11.22%	10.76%	5.11%	4.95%	5.09%	6.49%	5.36%	5.62%	6.13%

Frequently Asked Questions

Can I hold both EQLI.TO and USCC-U.TO in my portfolio?

EQLI.TO and USCC-U.TO have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between EQLI.TO and USCC-U.TO?

They also come from different issuers: Invesco and Global X.