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ESG.TO vs. USCC-U.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ESG.TO vs. USCC-U.TO

Last updated Jul 17, 2026
Documentation

ESG.TO (Invesco S&P 500 ESG Index ETF) and USCC-U.TO (Global X S&P 500 Covered Call ETF) are both S&P 500 funds. ESG.TO is passively managed, while USCC-U.TO is actively managed. Over the past 5 years, ESG.TO returned 15.54%/yr vs 12.16%/yr for USCC-U.TO. At a 0.32 correlation, their price movements are largely independent.

Performance

ESG.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 ESG Index ETF (ESG.TO) and Global X S&P 500 Covered Call ETF (USCC-U.TO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

ESG.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, ESG.TO achieves a 12.13% return, which is significantly higher than USCC-U.TO's 10.20% return.

ESG.TO

1D
-0.02%
1M
-0.24%
6M
9.83%
YTD
12.13%
1Y
24.42%
3Y*
21.16%
5Y*
15.54%
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)

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

2026 (YTD)202520242023202220212020
ESG.TO
Invesco S&P 500 ESG Index ETF		12.13%10.99%34.27%25.18%-14.64%33.63%22.64%
USCC-U.TO
Global X S&P 500 Covered Call ETF		10.20%9.23%32.70%17.66%-9.19%24.09%10.10%

Correlation

The correlation between ESG.TO and USCC-U.TO is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.46

Correlation (3Y)
Calculated over the trailing 3-year period

0.46

Correlation (5Y)
Calculated over the trailing 5-year period

0.37

Correlation (All Time)
Calculated using the full available price history since Feb 18, 2020

0.32

The correlation between ESG.TO and USCC-U.TO shifts across timeframes, from 0.32 (all time) to 0.46 (1 year), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco S&P 500 ESG Index ETF

Global X S&P 500 Covered Call ETF

Often compared with ESG.TO:
ESG.TO vs. INAI.TOESG.TO vs. EQLI.TOESG.TO vs. TLV.TOESG.TO vs. ZSP-U.TOESG.TO vs. USCC.TOESG.TO vs. GEQT.TOESG.TO vs. QQC.TO
Often compared with USCC-U.TO:
USCC-U.TO vs. EQL.TOUSCC-U.TO vs. XSP.TOUSCC-U.TO vs. XUS-U.TOUSCC-U.TO vs. XUS.TOUSCC-U.TO vs. CASH.TOUSCC-U.TO vs. CBIL.TOUSCC-U.TO vs. CHPS.TO

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ESG.TO
ESG.TO Risk / Return Rank: 7171
Overall Rank
ESG.TO Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
ESG.TO Sortino Ratio Rank: 7676
Sortino Ratio Rank
ESG.TO Omega Ratio Rank: 7575
Omega Ratio Rank
ESG.TO Calmar Ratio Rank: 6464
Calmar Ratio Rank
ESG.TO Martin Ratio Rank: 6565
Martin Ratio Rank
USCC-U.TO
USCC-U.TO Risk / Return Rank: 7474
Overall Rank
USCC-U.TO Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
USCC-U.TO Sortino Ratio Rank: 7373
Sortino Ratio Rank
USCC-U.TO Omega Ratio Rank: 8282
Omega Ratio Rank
USCC-U.TO Calmar Ratio Rank: 6464
Calmar Ratio Rank
USCC-U.TO Martin Ratio Rank: 7777
Martin Ratio Rank
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.

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

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 ESG Index ETF (ESG.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.

ESG.TOUSCC-U.TODifference
Sharpe ratioReturn per unit of total volatility
1.92
2.21

-0.28

Sortino ratioReturn per unit of downside risk
2.74
3.09

-0.35

Omega ratioGain probability vs. loss probability

1.35

1.41

-0.06

Calmar ratioReturn relative to maximum drawdown

2.53

3.33

-0.79

Martin ratioReturn relative to average drawdown

9.20

12.95

-3.75

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

The current ESG.TO Sharpe Ratio is 1.92, which is comparable to the USCC-U.TO Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of ESG.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.

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Drawdowns

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

The maximum ESG.TO drawdown since its inception was -22.58%, smaller than the maximum USCC-U.TO drawdown of -36.21%. Use the drawdown chart below to compare losses from any high point for ESG.TO and USCC-U.TO.

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Drawdown Indicators

ESG.TOUSCC-U.TODifference

Max Drawdown

Largest peak-to-trough decline

-22.58%

-36.21%

+13.63%

Max Drawdown (1Y)

Largest decline over 1 year

-9.68%

-6.80%

-2.88%

Max Drawdown (3Y)

Largest decline over 3 years

-19.63%

-18.22%

-1.41%

Max Drawdown (5Y)

Largest decline over 5 years

-22.58%

-18.22%

-4.36%

Max Drawdown (10Y)

Largest decline over 10 years

—

-36.21%

—

Current Drawdown

Current decline from peak

-1.72%

-1.09%

-0.63%

Average Drawdown

Average peak-to-trough decline

-4.30%

-4.87%

+0.57%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.66%

1.74%

+0.92%

Volatility

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

Invesco S&P 500 ESG Index ETF (ESG.TO) has a higher volatility of 3.23% compared to Global X S&P 500 Covered Call ETF (USCC-U.TO) at 2.59%. This indicates that ESG.TO's price experiences larger fluctuations and is considered to be riskier than USCC-U.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ESG.TOUSCC-U.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.23%

2.59%

+0.64%

Volatility (6M)

Calculated over the trailing 6-month period

10.29%

8.10%

+2.19%

Volatility (1Y)

Calculated over the trailing 1-year period

12.76%

10.27%

+2.49%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.09%

14.20%

+0.89%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.54%

24.70%

-8.16%

Dividends

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

ESG.TO's dividend yield for the trailing twelve months is around 0.76%, less than USCC-U.TO's 9.66% yield.

PositionTTM20252024202320222021202020192018201720162015
ESG.TO
Invesco S&P 500 ESG Index ETF		0.76%0.86%0.92%1.11%1.38%1.10%0.95%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

ESG.TO and USCC-U.TO have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

Portfolio Optimizer

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