PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
GLCC.TO vs. GOEX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

GLCC.TO vs. GOEX

Last updated Apr 1, 2026

Compare and contrast key facts about Global X Gold Producer Equity Covered Call ETF (GLCC.TO) and Global X Gold Explorers ETF (GOEX).

GLCC.TO and GOEX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GLCC.TO is an actively managed fund by Global X. It was launched on Apr 11, 2011. GOEX is a passively managed fund by Global X that tracks the performance of the Solactive Global Gold Explorers & Developers Total Return. It was launched on Nov 3, 2010.

Performance

GLCC.TO vs. GOEX - 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 Global X Gold Explorers ETF (GOEX). The values are adjusted to include any dividend payments, if applicable.

Loading graphics...

GLCC.TO vs. GOEX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
GLCC.TO
Global X Gold Producer Equity Covered Call ETF		5.98%137.43%20.18%6.19%-1.80%-9.37%15.00%38.72%-0.38%7.33%
GOEX
Global X Gold Explorers ETF		6.43%166.68%29.64%-0.26%-8.54%-15.23%32.70%30.01%-7.62%5.44%
Different Trading Currencies

GLCC.TO is traded in CAD, while GOEX is traded in USD. To make them comparable, the GOEX 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 5.98% return, which is significantly lower than GOEX's 6.43% return. Over the past 10 years, GLCC.TO has underperformed GOEX with an annualized return of 17.68%, while GOEX has yielded a comparatively higher 20.37% annualized return.

GLCC.TO

1D
5.95%
1M
-18.48%
YTD
5.98%
6M
20.90%
1Y
86.11%
3Y*
43.56%
5Y*
25.34%
10Y*
17.68%

GOEX

1D
7.86%
1M
-20.21%
YTD
6.43%
6M
27.06%
1Y
119.81%
3Y*
48.67%
5Y*
27.47%
10Y*
20.37%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Global X Gold Producer Equity Covered Call ETF

Global X Gold Explorers ETF

Often compared with GLCC.TO:
GLCC.TO vs. AMAX.TOGLCC.TO vs. DXMO.TOGLCC.TO vs. BCCCGLCC.TO vs. GLDI.LGLCC.TO vs. WAF.AXGLCC.TO vs. IGLDGLCC.TO vs. 4GLD.DE
Often compared with GOEX:
GOEX vs. GLDGOEX vs. SILGOEX vs. XMEGOEX vs. RINGGOEX vs. IAUGOEX vs. URAGOEX vs. COPX

GLCC.TO vs. GOEX - Expense Ratio Comparison

GLCC.TO has a 0.79% expense ratio, which is higher than GOEX's 0.65% expense ratio.

GLCC.TO
Global X Gold Producer Equity Covered Call ETF
GOEX
Global X Gold Explorers ETF

Return for Risk

GLCC.TO vs. GOEX — 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: 9090
Overall Rank
GLCC.TO Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
GLCC.TO Sortino Ratio Rank: 8888
Sortino Ratio Rank
GLCC.TO Omega Ratio Rank: 8989
Omega Ratio Rank
GLCC.TO Calmar Ratio Rank: 9191
Calmar Ratio Rank
GLCC.TO Martin Ratio Rank: 9191
Martin Ratio Rank
GOEX
GOEX Risk / Return Rank: 9494
Overall Rank
GOEX Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
GOEX Sortino Ratio Rank: 9292
Sortino Ratio Rank
GOEX Omega Ratio Rank: 9191
Omega Ratio Rank
GOEX Calmar Ratio Rank: 9595
Calmar Ratio Rank
GOEX Martin Ratio Rank: 9494
Martin Ratio Rank
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. GOEX - 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 Global X Gold Explorers ETF (GOEX). 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.

GLCC.TOGOEXDifference

Sharpe ratio

Return per unit of total volatility

2.10

2.49

-0.39

Sortino ratio

Return per unit of downside risk

2.39

2.66

-0.27

Omega ratio

Gain probability vs. loss probability

1.36

1.38

-0.02

Calmar ratio

Return relative to maximum drawdown

3.04

3.73

-0.68

Martin ratio

Return relative to average drawdown

11.66

13.28

-1.62

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GLCC.TO vs. GOEX - Sharpe Ratio Comparison

The current GLCC.TO Sharpe Ratio is 2.10, which is comparable to the GOEX Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of GLCC.TO and GOEX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Loading graphics...

Sharpe Ratios by Period

GLCC.TOGOEXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.10

2.49

-0.39

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.82

0.77

+0.04

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.56

0.53

+0.03

Sharpe Ratio (All Time)

Calculated using the full available price history

0.00

0.09

-0.09

Correlation

The correlation between GLCC.TO and GOEX is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

GLCC.TO vs. GOEX - Dividend Comparison

GLCC.TO's dividend yield for the trailing twelve months is around 6.21%, more than GOEX's 1.98% yield.

TTM20252024202320222021202020192018201720162015
GLCC.TO
Global X Gold Producer Equity Covered Call ETF		6.21%6.01%10.30%11.16%10.08%6.31%6.47%4.58%5.62%7.09%9.21%11.63%
GOEX
Global X Gold Explorers ETF		1.98%2.08%2.46%0.05%1.04%2.35%2.62%1.60%0.00%0.00%38.91%11.70%

Drawdowns

GLCC.TO vs. GOEX - Drawdown Comparison

The maximum GLCC.TO drawdown since its inception was -71.12%, smaller than the maximum GOEX drawdown of -85.66%. Use the drawdown chart below to compare losses from any high point for GLCC.TO and GOEX.

Loading graphics...

Drawdown Indicators

GLCC.TOGOEXDifference

Max Drawdown

Largest peak-to-trough decline

-71.12%

-88.83%

+17.71%

Max Drawdown (1Y)

Largest decline over 1 year

-28.86%

-32.78%

+3.92%

Max Drawdown (5Y)

Largest decline over 5 years

-37.60%

-47.16%

+9.56%

Max Drawdown (10Y)

Largest decline over 10 years

-44.83%

-53.66%

+8.83%

Current Drawdown

Current decline from peak

-18.48%

-22.50%

+4.02%

Average Drawdown

Average peak-to-trough decline

-34.62%

-64.06%

+29.44%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.54%

9.24%

-1.70%

Volatility

GLCC.TO vs. GOEX - Volatility Comparison

The current volatility for Global X Gold Producer Equity Covered Call ETF (GLCC.TO) is 17.09%, while Global X Gold Explorers ETF (GOEX) has a volatility of 19.68%. This indicates that GLCC.TO experiences smaller price fluctuations and is considered to be less risky than GOEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading graphics...

Volatility by Period

GLCC.TOGOEXDifference

Volatility (1M)

Calculated over the trailing 1-month period

17.09%

19.68%

-2.59%

Volatility (6M)

Calculated over the trailing 6-month period

34.47%

41.22%

-6.75%

Volatility (1Y)

Calculated over the trailing 1-year period

41.29%

48.43%

-7.14%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

31.17%

35.68%

-4.51%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

31.75%

38.23%

-6.48%