ETHY.TO vs. EQCC.TO

Last updated Jul 15, 2026

ETHY.TO (Purpose Ether Yield ETF - ETF Units) and EQCC.TO (Global X All-Equity Asset Allocation Covered Call ETF) are both exchange-traded funds - ETHY.TO is a Cryptocurrency fund actively managed by Purpose Investments, while EQCC.TO is a Derivative Income fund actively managed by Global X. Both are actively managed. Over the past year, ETHY.TO returned -44.79% vs 24.36% for EQCC.TO. At a 0.22 correlation, their price movements are largely independent.

Performance

ETHY.TO vs. EQCC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Purpose Ether Yield ETF - ETF Units (ETHY.TO) and Global X All-Equity Asset Allocation Covered Call ETF (EQCC.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ETHY.TO achieves a -44.43% return, which is significantly lower than EQCC.TO's 12.51% return.

ETHY.TO

• 1D: 5.04%
• 1M: 15.84%
• 6M: -48.08%
• YTD: -44.43%
• 1Y: -44.79%
• 3Y*: -8.05%
• 5Y*: —
• 10Y*: —

EQCC.TO

• 1D: -0.85%
• 1M: 2.10%
• 6M: 9.33%
• YTD: 12.51%
• 1Y: 24.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ETHY.TO vs. EQCC.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ETHY.TO Purpose Ether Yield ETF - ETF Units	-44.43%	-16.24%	-4.03%
EQCC.TO Global X All-Equity Asset Allocation Covered Call ETF	12.51%	13.50%	11.63%

Correlation

The correlation between ETHY.TO and EQCC.TO is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (All Time) Calculated using the full available price history since May 30, 2024	0.22

Return for Risk

ETHY.TO vs. EQCC.TO — Risk / Return Rank

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

ETHY.TO

ETHY.TO Risk / Return Rank: 4
ETHY.TO Sharpe Ratio Rank: 4
ETHY.TO Sortino Ratio Rank: 5
ETHY.TO Omega Ratio Rank: 5
ETHY.TO Calmar Ratio Rank: 4
ETHY.TO Martin Ratio Rank: 4

EQCC.TO

EQCC.TO Risk / Return Rank: 83
EQCC.TO Sharpe Ratio Rank: 81
EQCC.TO Sortino Ratio Rank: 81
EQCC.TO Omega Ratio Rank: 90
EQCC.TO Calmar Ratio Rank: 80
EQCC.TO Martin Ratio Rank: 82

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.

ETHY.TO vs. EQCC.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Purpose Ether Yield ETF - ETF Units (ETHY.TO) and Global X All-Equity Asset Allocation Covered Call ETF (EQCC.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.

	ETHY.TO	EQCC.TO	Difference
Sharpe ratio: Return per unit of total volatility	-0.62	2.04	-2.66
Sortino ratio: Return per unit of downside risk	-0.64	2.87	-3.51
Omega ratio: Gain probability vs. loss probability	0.93	1.45	-0.52
Calmar ratio: Return relative to maximum drawdown	-0.63	3.34	-3.97
Martin ratio: Return relative to average drawdown	-1.02	12.67	-13.68

ETHY.TO vs. EQCC.TO - Sharpe Ratio Comparison

The current ETHY.TO Sharpe Ratio is -0.62, which is lower than the EQCC.TO Sharpe Ratio of 2.04. The chart below compares the historical Sharpe Ratios of ETHY.TO and EQCC.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

ETHY.TO vs. EQCC.TO - Drawdown Comparison

The maximum ETHY.TO drawdown since its inception was -77.54%, which is greater than EQCC.TO's maximum drawdown of -15.94%. Use the drawdown chart below to compare losses from any high point for ETHY.TO and EQCC.TO.

Drawdown Indicators

	ETHY.TO	EQCC.TO	Difference
Max Drawdown Largest peak-to-trough decline	-77.54%	-15.94%	-61.60%
Max Drawdown (1Y) Largest decline over 1 year	-71.48%	-7.32%	-64.16%
Max Drawdown (3Y) Largest decline over 3 years	-71.48%	—	—
Current Drawdown Current decline from peak	-70.67%	-1.02%	-69.65%
Average Drawdown Average peak-to-trough decline	-53.38%	-1.70%	-51.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	44.16%	1.93%	+42.23%

Volatility

ETHY.TO vs. EQCC.TO - Volatility Comparison

Purpose Ether Yield ETF - ETF Units (ETHY.TO) has a higher volatility of 22.09% compared to Global X All-Equity Asset Allocation Covered Call ETF (EQCC.TO) at 2.99%. This indicates that ETHY.TO's price experiences larger fluctuations and is considered to be riskier than EQCC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ETHY.TO	EQCC.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.09%	2.99%	+19.10%
Volatility (6M) Calculated over the trailing 6-month period	56.60%	10.01%	+46.59%
Volatility (1Y) Calculated over the trailing 1-year period	72.70%	12.03%	+60.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	65.88%	13.86%	+52.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	65.88%	13.86%	+52.02%

Dividends

ETHY.TO vs. EQCC.TO - Dividend Comparison

ETHY.TO's dividend yield for the trailing twelve months is around 44.86%, more than EQCC.TO's 8.77% yield.

Position	TTM	2025	2024	2023	2022	2021
EQCC.TO Global X All-Equity Asset Allocation Covered Call ETF	8.77%	9.43%	5.38%	0.00%	0.00%	0.00%
ETHY.TO Purpose Ether Yield ETF - ETF Units	44.86%	19.26%	21.40%	10.34%	26.08%	0.63%

Frequently Asked Questions

Can I hold both ETHY.TO and EQCC.TO in my portfolio?

ETHY.TO and EQCC.TO have a correlation of 0.29, 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 ETHY.TO and EQCC.TO?

ETHY.TO is categorized as Cryptocurrency, while EQCC.TO is Derivative Income. They also come from different issuers: Purpose Investments and Global X.