GLCC.TO vs. DXQ.TO
GLCC.TO (Global X Gold Producer Equity Covered Call ETF) and DXQ.TO (Dynamic Active Enhanced Yield Covered Options ETF) are both Derivative Income funds. Both are actively managed. Over the past 3 years, GLCC.TO returned 36.35%/yr vs 17.09%/yr for DXQ.TO. At a 0.13 correlation, their price movements are largely independent. GLCC.TO charges 0.79%/yr vs 0.72%/yr for DXQ.TO.
Performance
GLCC.TO vs. DXQ.TO - Performance Comparison
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Returns By Period
In the year-to-date period, GLCC.TO achieves a -10.57% return, which is significantly lower than DXQ.TO's 8.79% return.
GLCC.TO
- 1D
- 0.76%
- 1M
- -5.71%
- 6M
- -19.82%
- YTD
- -10.57%
- 1Y
- 41.43%
- 3Y*
- 36.35%
- 5Y*
- 20.11%
- 10Y*
- 11.77%
DXQ.TO
- 1D
- 0.46%
- 1M
- 2.33%
- 6M
- 6.18%
- YTD
- 8.79%
- 1Y
- 16.96%
- 3Y*
- 17.09%
- 5Y*
- —
- 10Y*
- —
GLCC.TO vs. DXQ.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
GLCC.TO Global X Gold Producer Equity Covered Call ETF | -10.57% | 137.43% | 20.18% | 6.19% | 21.66% |
DXQ.TO Dynamic Active Enhanced Yield Covered Options ETF | 8.79% | 12.99% | 21.07% | 20.08% | 3.57% |
Correlation
The correlation between GLCC.TO and DXQ.TO 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 | 0.15 |
Correlation (All Time) Calculated using the full available price history since Sep 20, 2022 | 0.13 |
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Return for Risk
GLCC.TO vs. DXQ.TO — Risk / Return Rank
GLCC.TO
DXQ.TO
GLCC.TO vs. DXQ.TO - 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 Dynamic Active Enhanced Yield Covered Options ETF (DXQ.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.
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 | DXQ.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.90 | ||
| Sortino ratioReturn per unit of downside risk | -1.20 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.35 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.26 | 3.33 | -2.07 |
| Martin ratioReturn relative to average drawdown | 2.94 | 9.17 | -6.23 |
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Drawdowns
GLCC.TO vs. DXQ.TO - Drawdown Comparison
The maximum GLCC.TO drawdown since its inception was -81.37%, which is greater than DXQ.TO's maximum drawdown of -15.54%. Use the drawdown chart below to compare losses from any high point for GLCC.TO and DXQ.TO.
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Drawdown Indicators
| GLCC.TO | DXQ.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.37% | -15.54% | -65.83% |
Max Drawdown (1Y)Largest decline over 1 year | -33.03% | -5.11% | -27.92% |
Max Drawdown (3Y)Largest decline over 3 years | -33.03% | -15.54% | -17.49% |
Max Drawdown (5Y)Largest decline over 5 years | -37.60% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -44.83% | — | — |
Current DrawdownCurrent decline from peak | -31.21% | -0.57% | -30.64% |
Average DrawdownAverage peak-to-trough decline | -53.01% | -1.25% | -51.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.12% | 1.85% | +12.27% |
Volatility
GLCC.TO vs. DXQ.TO - Volatility Comparison
Global X Gold Producer Equity Covered Call ETF (GLCC.TO) has a higher volatility of 12.65% compared to Dynamic Active Enhanced Yield Covered Options ETF (DXQ.TO) at 2.72%. This indicates that GLCC.TO's price experiences larger fluctuations and is considered to be riskier than DXQ.TO 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 | DXQ.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.65% | 2.72% | +9.93% |
Volatility (6M)Calculated over the trailing 6-month period | 36.98% | 7.58% | +29.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.40% | 9.28% | +35.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.68% | 10.87% | +21.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.33% | 10.87% | +21.46% |
GLCC.TO vs. DXQ.TO - Expense Ratio Comparison
GLCC.TO has a 0.79% expense ratio, which is higher than DXQ.TO's 0.72% expense ratio.
Dividends
GLCC.TO vs. DXQ.TO - Dividend Comparison
GLCC.TO's dividend yield for the trailing twelve months is around 10.34%, more than DXQ.TO's 7.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXQ.TO Dynamic Active Enhanced Yield Covered Options ETF | 7.79% | 7.45% | 5.74% | 6.54% | 1.83% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GLCC.TO Global X Gold Producer Equity Covered Call ETF | 10.34% | 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 DXQ.TO 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.
On fees, DXQ.TO is cheaper at 0.72% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DXQ.TO is cheaper with a 0.72% expense ratio, compared with 0.79% for GLCC.TO.
They also come from different issuers: Global X and Dynamic. Their fees differ too: 0.79% for GLCC.TO and 0.72% for DXQ.TO.
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