FHI.TO vs. USCL.TO
FHI.TO (CI Health Care Giants Covered Call ETF) and USCL.TO (Global X Enhanced S&P 500 Covered Call ETF) are both Derivative Income funds. Both are actively managed. Over the past year, FHI.TO returned 11.83% vs 29.45% for USCL.TO. At a 0.17 correlation, their price movements are largely independent.
Performance
FHI.TO vs. USCL.TO - Performance Comparison
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Returns By Period
In the year-to-date period, FHI.TO achieves a 1.35% return, which is significantly lower than USCL.TO's 14.39% return.
FHI.TO
- 1D
- -0.93%
- 1M
- 4.19%
- YTD
- 1.35%
- 6M
- 1.26%
- 1Y
- 11.83%
- 3Y*
- 5.07%
- 5Y*
- 5.58%
- 10Y*
- —
USCL.TO
- 1D
- 0.75%
- 1M
- 3.16%
- YTD
- 14.39%
- 6M
- 13.87%
- 1Y
- 29.45%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FHI.TO vs. USCL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FHI.TO CI Health Care Giants Covered Call ETF | 1.35% | 11.94% | -0.77% | 3.59% |
USCL.TO Global X Enhanced S&P 500 Covered Call ETF | 14.39% | 10.03% | 38.54% | 8.88% |
Correlation
The correlation between FHI.TO and USCL.TO is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Jul 6, 2023 | 0.17 |
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Return for Risk
FHI.TO vs. USCL.TO — Risk / Return Rank
FHI.TO
USCL.TO
FHI.TO vs. USCL.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI Health Care Giants Covered Call ETF (FHI.TO) and Global X Enhanced S&P 500 Covered Call ETF (USCL.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.
| FHI.TO | USCL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.52 | ||
| Sortino ratioReturn per unit of downside risk | -1.80 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.46 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 1.34 | 3.45 | -2.11 |
| Martin ratioReturn relative to average drawdown | 3.06 | 13.86 | -10.80 |
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Drawdowns
FHI.TO vs. USCL.TO - Drawdown Comparison
The maximum FHI.TO drawdown since its inception was -29.85%, which is greater than USCL.TO's maximum drawdown of -21.85%. Use the drawdown chart below to compare losses from any high point for FHI.TO and USCL.TO.
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Drawdown Indicators
| FHI.TO | USCL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.85% | -21.85% | -8.00% |
Max Drawdown (1Y)Largest decline over 1 year | -8.87% | -8.56% | -0.31% |
Max Drawdown (3Y)Largest decline over 3 years | -14.43% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -14.43% | — | — |
Current DrawdownCurrent decline from peak | -2.98% | 0.00% | -2.98% |
Average DrawdownAverage peak-to-trough decline | -4.46% | -2.51% | -1.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.87% | 2.13% | +1.74% |
Volatility
FHI.TO vs. USCL.TO - Volatility Comparison
CI Health Care Giants Covered Call ETF (FHI.TO) and Global X Enhanced S&P 500 Covered Call ETF (USCL.TO) have volatilities of 4.59% and 4.57%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FHI.TO | USCL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.59% | 4.57% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 9.31% | 10.09% | -0.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.41% | 12.32% | +1.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.14% | 15.64% | -1.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.52% | 15.64% | +0.88% |
Dividends
FHI.TO vs. USCL.TO - Dividend Comparison
FHI.TO's dividend yield for the trailing twelve months is around 7.02%, less than USCL.TO's 11.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FHI.TO CI Health Care Giants Covered Call ETF | 7.02% | 7.14% | 7.84% | 5.80% | 5.98% | 7.38% | 9.69% | 5.42% | 2.42% |
USCL.TO Global X Enhanced S&P 500 Covered Call ETF | 11.69% | 12.94% | 11.57% | 7.08% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FHI.TO and USCL.TO have a correlation of 0.22, 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: CI and Global X.
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