GBUL.TO vs. GLCC.TO

Last updated Jun 6, 2026

GBUL.TO (Ninepoint Gold Bullion Fund Series ETF) and GLCC.TO (Global X Gold Producer Equity Covered Call ETF) are both exchange-traded funds - GBUL.TO is a Gold fund tracking the LBMA Gold Price, while GLCC.TO is a Derivative Income fund actively managed by Global X. GBUL.TO is passively managed, while GLCC.TO is actively managed. GBUL.TO charges 0.50%/yr vs 0.79%/yr for GLCC.TO.

Performance

GBUL.TO vs. GLCC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Ninepoint Gold Bullion Fund Series ETF (GBUL.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

GBUL.TO

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GLCC.TO

• 1D: -7.80%
• 1M: -11.72%
• YTD: -6.27%
• 6M: -1.05%
• 1Y: 49.69%
• 3Y*: 38.19%
• 5Y*: 19.85%
• 10Y*: 13.91%

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

Return for Risk

GBUL.TO vs. GLCC.TO — Risk / Return Rank

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

GLCC.TO

GLCC.TO Risk / Return Rank: 35
GLCC.TO Sharpe Ratio Rank: 36
GLCC.TO Sortino Ratio Rank: 32
GLCC.TO Omega Ratio Rank: 37
GLCC.TO Calmar Ratio Rank: 38
GLCC.TO Martin Ratio Rank: 33

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.

GBUL.TO vs. GLCC.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ninepoint Gold Bullion Fund Series ETF (GBUL.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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	GBUL.TO	GLCC.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.18	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.62	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.44	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.05	—

Drawdowns

Drawdown Indicators

	GBUL.TO	GLCC.TO	Difference
Max Drawdown Largest peak-to-trough decline	—	-81.37%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-28.86%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-28.86%	—
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	—	-27.90%	—
Average Drawdown Average peak-to-trough decline	—	-53.19%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	10.84%	—

Volatility

Volatility by Period

	GBUL.TO	GLCC.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	14.96%	—
Volatility (6M) Calculated over the trailing 6-month period	—	35.08%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	42.49%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	32.15%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	32.06%	—

GBUL.TO vs. GLCC.TO - Expense Ratio Comparison

GBUL.TO has a 0.50% expense ratio, which is lower than GLCC.TO's 0.79% expense ratio.

Dividends

GBUL.TO vs. GLCC.TO - Dividend Comparison

GBUL.TO has not paid dividends to shareholders, while GLCC.TO's dividend yield for the trailing twelve months is around 9.23%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GBUL.TO Ninepoint Gold Bullion Fund Series ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GLCC.TO Global X Gold Producer Equity Covered Call ETF	9.23%	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

Which ETF is better, GBUL.TO or GLCC.TO?

On fees, GBUL.TO is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GBUL.TO or GLCC.TO?

GBUL.TO is cheaper with a 0.50% expense ratio, compared with 0.79% for GLCC.TO.

What is the main difference between GBUL.TO and GLCC.TO?

GBUL.TO is categorized as Gold, while GLCC.TO is Derivative Income. They also come from different issuers: Ninepoint and Global X. Their fees differ too: 0.50% for GBUL.TO and 0.79% for GLCC.TO.