GLCC.TO vs. CORA.L
GLCC.TO (Global X Gold Producer Equity Covered Call ETF) is Derivative Income fund actively managed by Global X, while CORA.L (Cora Gold Limited) is a stock. Over the past 5 years, GLCC.TO returned 20.22%/yr vs 2.12%/yr for CORA.L. At a 0.14 correlation, their price movements are largely independent.
Performance
GLCC.TO vs. CORA.L - Performance Comparison
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Different Trading Currencies
GLCC.TO is traded in CAD, while CORA.L is traded in GBp. To make them comparable, the CORA.L 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 CORA.L's 31.79% return.
GLCC.TO
- 1D
- 2.91%
- 1M
- -14.08%
- YTD
- -5.15%
- 6M
- -3.63%
- 1Y
- 50.21%
- 3Y*
- 40.00%
- 5Y*
- 20.22%
- 10Y*
- 13.89%
CORA.L
- 1D
- 0.13%
- 1M
- -9.23%
- YTD
- 31.79%
- 6M
- 45.25%
- 1Y
- 20.72%
- 3Y*
- 39.93%
- 5Y*
- 2.12%
- 10Y*
- —
GLCC.TO vs. CORA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GLCC.TO Global X Gold Producer Equity Covered Call ETF | -5.15% | 137.43% | 20.18% | 6.19% | -1.80% | -9.38% | 15.00% | 38.71% | -0.38% | 0.16% |
CORA.L Cora Gold Limited | 31.79% | 182.77% | 16.14% | -45.27% | -57.31% | 9.53% | 52.04% | -9.52% | -47.16% | -25.09% |
Correlation
The correlation between GLCC.TO and CORA.L is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Oct 9, 2017 | 0.14 |
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Return for Risk
GLCC.TO vs. CORA.L — Risk / Return Rank
GLCC.TO
CORA.L
GLCC.TO vs. CORA.L - 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 Cora Gold Limited (CORA.L). 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 | CORA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.92 | ||
| Sortino ratioReturn per unit of downside risk | +0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.17 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.53 | 0.41 | +1.12 |
| Martin ratioReturn relative to average drawdown | 4.34 | 0.90 | +3.44 |
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Drawdowns
GLCC.TO vs. CORA.L - Drawdown Comparison
The maximum GLCC.TO drawdown since its inception was -81.37%, smaller than the maximum CORA.L drawdown of -92.27%. Use the drawdown chart below to compare losses from any high point for GLCC.TO and CORA.L.
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Drawdown Indicators
| GLCC.TO | CORA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.37% | -92.27% | +10.90% |
Max Drawdown (1Y)Largest decline over 1 year | -33.03% | -50.25% | +17.22% |
Max Drawdown (3Y)Largest decline over 3 years | -33.03% | -59.05% | +26.02% |
Max Drawdown (5Y)Largest decline over 5 years | -37.60% | -92.27% | +54.67% |
Max Drawdown (10Y)Largest decline over 10 years | -44.83% | — | — |
Current DrawdownCurrent decline from peak | -27.04% | -50.25% | +23.21% |
Average DrawdownAverage peak-to-trough decline | -53.15% | -60.91% | +7.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.60% | 23.04% | -11.44% |
Volatility
GLCC.TO vs. CORA.L - Volatility Comparison
Global X Gold Producer Equity Covered Call ETF (GLCC.TO) has a higher volatility of 16.63% compared to Cora Gold Limited (CORA.L) at 5.96%. This indicates that GLCC.TO's price experiences larger fluctuations and is considered to be riskier than CORA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLCC.TO | CORA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.63% | 5.96% | +10.67% |
Volatility (6M)Calculated over the trailing 6-month period | 35.94% | 60.84% | -24.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.26% | 83.35% | -40.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.35% | 65.39% | -33.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.16% | 66.67% | -34.51% |
Dividends
GLCC.TO vs. CORA.L - Dividend Comparison
GLCC.TO's dividend yield for the trailing twelve months is around 9.12%, while CORA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CORA.L Cora Gold Limited | 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 | 9.12% | 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
GLCC.TO and CORA.L have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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