ETHY.TO vs. GLCC.TO

Last updated Jul 15, 2026

ETHY.TO (Purpose Ether Yield ETF - ETF Units) and GLCC.TO (Global X Gold Producer Equity Covered Call ETF) are both exchange-traded funds - ETHY.TO is a Cryptocurrency fund actively managed by Purpose Investments, while GLCC.TO is a Derivative Income fund actively managed by Global X. Both are actively managed. Over the past 3 years, ETHY.TO returned -8.05%/yr vs 36.35%/yr for GLCC.TO. At a 0.16 correlation, their price movements are largely independent.

Performance

ETHY.TO vs. GLCC.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 Gold Producer Equity Covered Call ETF (GLCC.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 GLCC.TO's -10.57% return.

ETHY.TO

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

GLCC.TO

• 1D: 0.76%
• 1M: -5.71%
• 6M: -19.82%
• YTD: -10.57%
• 1Y: 41.43%
• 3Y*: 36.35%
• 5Y*: 20.11%
• 10Y*: 11.77%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021
ETHY.TO Purpose Ether Yield ETF - ETF Units	-44.43%	-16.24%	40.99%	70.87%	-67.53%	-19.45%
GLCC.TO Global X Gold Producer Equity Covered Call ETF	-10.57%	137.43%	20.18%	6.19%	-1.80%	4.35%

Correlation

The correlation between ETHY.TO and GLCC.TO is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.15
Correlation (All Time) Calculated using the full available price history since Dec 2, 2021	0.16

The correlation between ETHY.TO and GLCC.TO shifts across timeframes, from 0.15 (3 years) to 0.27 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

ETHY.TO vs. GLCC.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

GLCC.TO

GLCC.TO Risk / Return Rank: 31
GLCC.TO Sharpe Ratio Rank: 32
GLCC.TO Sortino Ratio Rank: 31
GLCC.TO Omega Ratio Rank: 34
GLCC.TO Calmar Ratio Rank: 31
GLCC.TO Martin Ratio Rank: 27

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. GLCC.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 Gold Producer Equity Covered Call ETF (GLCC.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	GLCC.TO	Difference
Sharpe ratio: Return per unit of total volatility	-0.62	0.94	-1.56
Sortino ratio: Return per unit of downside risk	-0.64	1.39	-2.03
Omega ratio: Gain probability vs. loss probability	0.93	1.19	-0.26
Calmar ratio: Return relative to maximum drawdown	-0.63	1.26	-1.89
Martin ratio: Return relative to average drawdown	-1.02	2.94	-3.96

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

The current ETHY.TO Sharpe Ratio is -0.62, which is lower than the GLCC.TO Sharpe Ratio of 0.94. The chart below compares the historical Sharpe Ratios of ETHY.TO and GLCC.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. GLCC.TO - Drawdown Comparison

The maximum ETHY.TO drawdown since its inception was -77.54%, roughly equal to the maximum GLCC.TO drawdown of -81.37%. Use the drawdown chart below to compare losses from any high point for ETHY.TO and GLCC.TO.

Drawdown Indicators

	ETHY.TO	GLCC.TO	Difference
Max Drawdown Largest peak-to-trough decline	-77.54%	-81.37%	+3.83%
Max Drawdown (1Y) Largest decline over 1 year	-71.48%	-33.03%	-38.45%
Max Drawdown (3Y) Largest decline over 3 years	-71.48%	-33.03%	-38.45%
Max Drawdown (5Y) Largest decline over 5 years	—	-37.60%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-44.83%	—
Current Drawdown Current decline from peak	-70.67%	-31.21%	-39.46%
Average Drawdown Average peak-to-trough decline	-53.38%	-53.01%	-0.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	44.16%	14.12%	+30.04%

Volatility

ETHY.TO vs. GLCC.TO - Volatility Comparison

Purpose Ether Yield ETF - ETF Units (ETHY.TO) has a higher volatility of 22.09% compared to Global X Gold Producer Equity Covered Call ETF (GLCC.TO) at 12.65%. This indicates that ETHY.TO's price experiences larger fluctuations and is considered to be riskier than GLCC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ETHY.TO	GLCC.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.09%	12.65%	+9.44%
Volatility (6M) Calculated over the trailing 6-month period	56.60%	36.98%	+19.62%
Volatility (1Y) Calculated over the trailing 1-year period	72.70%	44.40%	+28.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	65.88%	32.68%	+33.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	65.88%	32.33%	+33.55%

Dividends

ETHY.TO vs. GLCC.TO - Dividend Comparison

ETHY.TO's dividend yield for the trailing twelve months is around 44.86%, more than GLCC.TO's 10.34% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ETHY.TO Purpose Ether Yield ETF - ETF Units	44.86%	19.26%	21.40%	10.34%	26.08%	0.63%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GLCC.TO Global X Gold Producer Equity Covered Call ETF	10.34%	6.01%	10.30%	11.16%	10.08%	6.31%	6.47%	4.58%	5.62%	7.08%	8.75%	2.32%

Frequently Asked Questions

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

ETHY.TO and GLCC.TO have a correlation of 0.27, 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 GLCC.TO?

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