GLCC.TO vs. BITO

Last updated Jul 21, 2026

GLCC.TO (Global X Gold Producer Equity Covered Call ETF) and BITO (ProShares Bitcoin Strategy ETF) are both exchange-traded funds - GLCC.TO is a Derivative Income fund actively managed by Global X, while BITO is a Cryptocurrency fund actively managed by ProShares. Both are actively managed. Over the past 3 years, GLCC.TO returned 34.34%/yr vs 24.11%/yr for BITO. At a 0.12 correlation, their price movements are largely independent. GLCC.TO charges 0.79%/yr vs 0.95%/yr for BITO.

Performance

GLCC.TO vs. BITO - 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 ProShares Bitcoin Strategy ETF (BITO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

GLCC.TO is traded in CAD, while BITO is traded in USD. To make them comparable, the BITO 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 higher than BITO's -25.21% 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%

BITO

• 1D: 1.37%
• 1M: 2.58%
• 6M: -32.37%
• YTD: -25.21%
• 1Y: -45.55%
• 3Y*: 24.11%
• 5Y*: —
• 10Y*: —
• ALL TIME*: -1.96%

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

GLCC.TO vs. BITO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
GLCC.TO Global X Gold Producer Equity Covered Call ETF	-15.04%	137.43%	20.18%	6.19%	-1.80%	1.65%
BITO ProShares Bitcoin Strategy ETF	-25.21%	-15.24%	121.76%	131.68%	-61.62%	-27.18%

Correlation

The correlation between GLCC.TO and BITO is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.11
Correlation (All Time) Calculated using the full available price history since Oct 19, 2021	0.12

The correlation between GLCC.TO and BITO shifts across timeframes, from 0.11 (3 years) to 0.23 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

GLCC.TO vs. BITO — 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

BITO

BITO Risk / Return Rank: 2
BITO Sharpe Ratio Rank: 1
BITO Sortino Ratio Rank: 1
BITO Omega Ratio Rank: 2
BITO Calmar Ratio Rank: 2
BITO Martin Ratio Rank: 2

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. BITO - 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 ProShares Bitcoin Strategy ETF (BITO). 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	BITO	Difference
Sharpe ratio: Return per unit of total volatility	0.85	-1.03	+1.88
Sortino ratio: Return per unit of downside risk	1.30	-1.57	+2.87
Omega ratio: Gain probability vs. loss probability	1.18	0.83	+0.35
Calmar ratio: Return relative to maximum drawdown	1.09	-0.85	+1.94
Martin ratio: Return relative to average drawdown	2.56	-1.32	+3.88

GLCC.TO vs. BITO - Sharpe Ratio Comparison

The current GLCC.TO Sharpe Ratio is 0.85, which is higher than the BITO Sharpe Ratio of -1.03. The chart below compares the historical Sharpe Ratios of GLCC.TO and BITO, 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. BITO - Drawdown Comparison

The maximum GLCC.TO drawdown since its inception was -81.37%, which is greater than BITO's maximum drawdown of -76.20%. Use the drawdown chart below to compare losses from any high point for GLCC.TO and BITO.

Drawdown Indicators

	GLCC.TO	BITO	Difference
Max Drawdown Largest peak-to-trough decline	-81.37%	-76.20%	-5.17%
Max Drawdown (1Y) Largest decline over 1 year	-34.74%	-53.67%	+18.93%
Max Drawdown (3Y) Largest decline over 3 years	-34.74%	-53.67%	+18.93%
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	-34.65%	-49.41%	+14.76%
Average Drawdown Average peak-to-trough decline	-52.99%	-35.50%	-17.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.75%	34.64%	-19.89%

Volatility

GLCC.TO vs. BITO - Volatility Comparison

Global X Gold Producer Equity Covered Call ETF (GLCC.TO) has a higher volatility of 10.61% compared to ProShares Bitcoin Strategy ETF (BITO) at 10.03%. This indicates that GLCC.TO's price experiences larger fluctuations and is considered to be riskier than BITO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GLCC.TO	BITO	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.61%	10.03%	+0.58%
Volatility (6M) Calculated over the trailing 6-month period	37.09%	34.15%	+2.94%
Volatility (1Y) Calculated over the trailing 1-year period	44.63%	44.24%	+0.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.69%	55.16%	-22.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.29%	55.16%	-22.87%

GLCC.TO vs. BITO - Expense Ratio Comparison

GLCC.TO has a 0.79% expense ratio, which is lower than BITO's 0.95% expense ratio.

Dividends

GLCC.TO vs. BITO - Dividend Comparison

GLCC.TO's dividend yield for the trailing twelve months is around 10.89%, less than BITO's 59.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BITO ProShares Bitcoin Strategy ETF	59.56%	78.29%	61.59%	15.14%	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	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 BITO in my portfolio?

GLCC.TO and BITO have a correlation of 0.23, 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 BITO?

On fees, GLCC.TO is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GLCC.TO or BITO?

GLCC.TO is cheaper with a 0.79% expense ratio, compared with 0.95% for BITO.

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

GLCC.TO is categorized as Derivative Income, while BITO is Cryptocurrency. They also come from different issuers: Global X and ProShares. Their fees differ too: 0.79% for GLCC.TO and 0.95% for BITO.