GLCC.TO vs. AGMI

Last updated Jun 14, 2026

GLCC.TO (Global X Gold Producer Equity Covered Call ETF) and AGMI (Themes Silver Miners ETF) are both exchange-traded funds - GLCC.TO is a Derivative Income fund actively managed by Global X, while AGMI is a Silver fund tracking the STOXX Global Silver Mining Index. GLCC.TO is actively managed, while AGMI is passively managed. Over the past year, GLCC.TO returned 48.60% vs 94.53% for AGMI. Their correlation of 0.83 suggests significant overlap in exposure. GLCC.TO charges 0.79%/yr vs 0.35%/yr for AGMI.

Performance

GLCC.TO vs. AGMI - 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 Themes Silver Miners ETF (AGMI). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

GLCC.TO is traded in CAD, while AGMI is traded in USD. To make them comparable, the AGMI 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 -5.15% return, which is significantly lower than AGMI's 2.96% return.

GLCC.TO

• 1D: 2.91%
• 1M: -12.79%
• YTD: -5.15%
• 6M: -3.63%
• 1Y: 48.60%
• 3Y*: 40.00%
• 5Y*: 20.22%
• 10Y*: 13.89%

AGMI

• 1D: 4.03%
• 1M: -6.17%
• YTD: 2.96%
• 6M: 7.68%
• 1Y: 94.53%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GLCC.TO vs. AGMI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GLCC.TO Global X Gold Producer Equity Covered Call ETF	-5.15%	137.43%	11.65%
AGMI Themes Silver Miners ETF	2.96%	163.50%	4.23%

Correlation

The correlation between GLCC.TO and AGMI is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (All Time) Calculated using the full available price history since May 3, 2024	0.83

The correlation between GLCC.TO and AGMI has been stable across timeframes, ranging from 0.83 to 0.86 - a consistent structural relationship.

GLCC.TO vs. AGMI - Sectors Allocation Comparison

Sectors	GLCC.TO	AGMI
Basic Materials	100.0%	99.3%
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	0.0%
Utilities	-	-

Return for Risk

GLCC.TO vs. AGMI — 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: 37
GLCC.TO Sortino Ratio Rank: 33
GLCC.TO Omega Ratio Rank: 37
GLCC.TO Calmar Ratio Rank: 35
GLCC.TO Martin Ratio Rank: 33

AGMI

AGMI Risk / Return Rank: 55
AGMI Sharpe Ratio Rank: 63
AGMI Sortino Ratio Rank: 49
AGMI Omega Ratio Rank: 55
AGMI Calmar Ratio Rank: 61
AGMI Martin Ratio Rank: 48

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. AGMI - 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 Themes Silver Miners ETF (AGMI). 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	AGMI	Difference
Sharpe ratio: Return per unit of total volatility	1.17	1.91	-0.75
Sortino ratio: Return per unit of downside risk	1.59	2.21	-0.62
Omega ratio: Gain probability vs. loss probability	1.23	1.31	-0.08
Calmar ratio: Return relative to maximum drawdown	1.53	2.93	-1.40
Martin ratio: Return relative to average drawdown	4.34	7.45	-3.11

GLCC.TO vs. AGMI - Sharpe Ratio Comparison

The current GLCC.TO Sharpe Ratio is 1.17, which is lower than the AGMI Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of GLCC.TO and AGMI, 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. AGMI - Drawdown Comparison

The maximum GLCC.TO drawdown since its inception was -81.37%, which is greater than AGMI's maximum drawdown of -33.07%. Use the drawdown chart below to compare losses from any high point for GLCC.TO and AGMI.

Drawdown Indicators

	GLCC.TO	AGMI	Difference
Max Drawdown Largest peak-to-trough decline	-81.37%	-33.07%	-48.30%
Max Drawdown (1Y) Largest decline over 1 year	-33.03%	-33.07%	+0.04%
Max Drawdown (3Y) Largest decline over 3 years	-33.03%	—	—
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	-27.04%	-25.60%	-1.44%
Average Drawdown Average peak-to-trough decline	-53.15%	-8.87%	-44.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.60%	13.00%	-1.40%

Volatility

GLCC.TO vs. AGMI - Volatility Comparison

The current volatility for Global X Gold Producer Equity Covered Call ETF (GLCC.TO) is 16.63%, while Themes Silver Miners ETF (AGMI) has a volatility of 20.20%. This indicates that GLCC.TO experiences smaller price fluctuations and is considered to be less risky than AGMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GLCC.TO	AGMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.63%	20.20%	-3.57%
Volatility (6M) Calculated over the trailing 6-month period	35.94%	43.25%	-7.31%
Volatility (1Y) Calculated over the trailing 1-year period	43.26%	50.67%	-7.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.35%	44.84%	-12.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.16%	44.84%	-12.68%

GLCC.TO vs. AGMI - Expense Ratio Comparison

GLCC.TO has a 0.79% expense ratio, which is higher than AGMI's 0.35% expense ratio.

Dividends

GLCC.TO vs. AGMI - Dividend Comparison

GLCC.TO's dividend yield for the trailing twelve months is around 9.12%, more than AGMI's 4.39% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AGMI Themes Silver Miners ETF	4.39%	4.43%	1.81%	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	9.12%	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 AGMI in my portfolio?

GLCC.TO and AGMI have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GLCC.TO or AGMI?

On fees, AGMI is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GLCC.TO or AGMI?

AGMI is cheaper with a 0.35% expense ratio, compared with 0.79% for GLCC.TO.

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

GLCC.TO is categorized as Derivative Income, while AGMI is Silver. They also come from different issuers: Global X and Themes. Their fees differ too: 0.79% for GLCC.TO and 0.35% for AGMI.