GLCC.TO vs. 1816.HK

Last updated Jul 21, 2026

GLCC.TO (Global X Gold Producer Equity Covered Call ETF) is Derivative Income fund actively managed by Global X, while 1816.HK (CGN Power) is a stock. Over the past 10 years, GLCC.TO returned 11.40%/yr vs 7.35%/yr for 1816.HK. At a correlation of -0.00, they often move in opposite directions.

Performance

GLCC.TO vs. 1816.HK - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X Gold Producer Equity Covered Call ETF (GLCC.TO) and CGN Power (1816.HK). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

GLCC.TO is traded in CAD, while 1816.HK is traded in HKD. To make them comparable, the 1816.HK values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, GLCC.TO achieves a -15.04% return, which is significantly lower than 1816.HK's 3.01% return. Over the past 10 years, GLCC.TO has outperformed 1816.HK with an annualized return of 11.40%, while 1816.HK has yielded a comparatively lower 7.35% annualized return.

GLCC.TO

• 1D: 0.13%
• 1M: -12.69%
• 6M: -24.84%
• YTD: -15.04%
• 1Y: 37.69%
• 3Y*: 34.34%
• 5Y*: 19.65%
• 10Y*: 11.40%
• ALL TIME*: 0.85%

1816.HK

• 1D: 5.38%
• 1M: -0.23%
• 6M: -4.81%
• YTD: 3.01%
• 1Y: 6.47%
• 3Y*: 21.56%
• 5Y*: 18.18%
• 10Y*: 7.35%
• ALL TIME*: 3.87%

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

GLCC.TO vs. 1816.HK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GLCC.TO Global X Gold Producer Equity Covered Call ETF	-15.04%	137.43%	20.18%	6.19%	-1.80%	-9.38%	15.00%	38.71%	-0.38%	7.32%
1816.HK CGN Power	3.01%	1.98%	57.57%	12.53%	-12.50%	49.00%	-17.53%	12.14%	-1.48%	-5.53%

Correlation

The correlation between GLCC.TO and 1816.HK is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.06
Correlation (3Y) Calculated over the trailing 3-year period	0.03
Correlation (5Y) Calculated over the trailing 5-year period	0.04
Correlation (10Y) Calculated over the trailing 10-year period	0.02
Correlation (All Time) Calculated using the full available price history since Dec 10, 2014	-0.00

Return for Risk

GLCC.TO vs. 1816.HK — 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: 30
GLCC.TO Sharpe Ratio Rank: 31
GLCC.TO Sortino Ratio Rank: 31
GLCC.TO Omega Ratio Rank: 33
GLCC.TO Calmar Ratio Rank: 29
GLCC.TO Martin Ratio Rank: 26

1816.HK

1816.HK Risk / Return Rank: 49
1816.HK Sharpe Ratio Rank: 52
1816.HK Sortino Ratio Rank: 46
1816.HK Omega Ratio Rank: 44
1816.HK Calmar Ratio Rank: 50
1816.HK Martin Ratio Rank: 52

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.

GLCC.TO vs. 1816.HK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Gold Producer Equity Covered Call ETF (GLCC.TO) and CGN Power (1816.HK). 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.

	GLCC.TO	1816.HK	Difference
Sharpe ratio: Return per unit of total volatility	0.85	0.25	+0.60
Sortino ratio: Return per unit of downside risk	1.30	0.60	+0.70
Omega ratio: Gain probability vs. loss probability	1.18	1.06	+0.11
Calmar ratio: Return relative to maximum drawdown	1.09	0.27	+0.82
Martin ratio: Return relative to average drawdown	2.56	0.67	+1.90

GLCC.TO vs. 1816.HK - Sharpe Ratio Comparison

The current GLCC.TO Sharpe Ratio is 0.85, which is higher than the 1816.HK Sharpe Ratio of 0.25. The chart below compares the historical Sharpe Ratios of GLCC.TO and 1816.HK, 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

GLCC.TO vs. 1816.HK - Drawdown Comparison

The maximum GLCC.TO drawdown since its inception was -81.37%, which is greater than 1816.HK's maximum drawdown of -65.02%. Use the drawdown chart below to compare losses from any high point for GLCC.TO and 1816.HK.

Drawdown Indicators

	GLCC.TO	1816.HK	Difference
Max Drawdown Largest peak-to-trough decline	-81.37%	-65.02%	-16.35%
Max Drawdown (1Y) Largest decline over 1 year	-34.74%	-24.78%	-9.96%
Max Drawdown (3Y) Largest decline over 3 years	-34.74%	-32.23%	-2.51%
Max Drawdown (5Y) Largest decline over 5 years	-37.60%	-32.23%	-5.37%
Max Drawdown (10Y) Largest decline over 10 years	-44.83%	-32.23%	-12.60%
Current Drawdown Current decline from peak	-34.65%	-19.30%	-15.35%
Average Drawdown Average peak-to-trough decline	-52.99%	-44.01%	-8.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.75%	9.86%	+4.89%

Volatility

GLCC.TO vs. 1816.HK - Volatility Comparison

Global X Gold Producer Equity Covered Call ETF (GLCC.TO) has a higher volatility of 10.61% compared to CGN Power (1816.HK) at 7.76%. This indicates that GLCC.TO's price experiences larger fluctuations and is considered to be riskier than 1816.HK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GLCC.TO	1816.HK	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.61%	7.76%	+2.85%
Volatility (6M) Calculated over the trailing 6-month period	37.09%	19.70%	+17.39%
Volatility (1Y) Calculated over the trailing 1-year period	44.63%	26.35%	+18.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.69%	30.37%	+2.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.29%	26.55%	+5.74%

Dividends

GLCC.TO vs. 1816.HK - Dividend Comparison

GLCC.TO's dividend yield for the trailing twelve months is around 10.89%, more than 1816.HK's 3.42% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
1816.HK CGN Power	3.42%	3.52%	3.62%	4.74%	5.31%	4.08%	4.97%	4.05%	4.48%	2.73%	2.34%	0.11%
GLCC.TO Global X Gold Producer Equity Covered Call ETF	10.89%	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 GLCC.TO and 1816.HK in my portfolio?

GLCC.TO and 1816.HK have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.