GLCC.TO vs. IDVO

Last updated Jun 9, 2026

GLCC.TO (Global X Gold Producer Equity Covered Call ETF) and IDVO (Amplify CWP International Enhanced Dividend Income ETF) are both Derivative Income funds. Both are actively managed. Over the past 3 years, GLCC.TO returned 38.67%/yr vs 23.81%/yr for IDVO. At a 0.39 correlation, their price movements are largely independent. GLCC.TO charges 0.79%/yr vs 0.65%/yr for IDVO.

Performance

GLCC.TO vs. IDVO - 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 Amplify CWP International Enhanced Dividend Income ETF (IDVO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

GLCC.TO is traded in CAD, while IDVO is traded in USD. To make them comparable, the IDVO 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 -6.64% return, which is significantly lower than IDVO's 13.53% return.

GLCC.TO

• 1D: -0.40%
• 1M: -14.33%
• YTD: -6.64%
• 6M: 0.17%
• 1Y: 51.36%
• 3Y*: 38.67%
• 5Y*: 20.02%
• 10Y*: 13.64%

IDVO

• 1D: 0.52%
• 1M: -0.07%
• YTD: 13.53%
• 6M: 13.48%
• 1Y: 34.46%
• 3Y*: 23.81%
• 5Y*: —
• 10Y*: —

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

GLCC.TO vs. IDVO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
GLCC.TO Global X Gold Producer Equity Covered Call ETF	-6.64%	137.43%	20.18%	6.19%	22.23%
IDVO Amplify CWP International Enhanced Dividend Income ETF	13.53%	30.23%	19.49%	14.73%	8.86%

Correlation

The correlation between GLCC.TO and IDVO is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (3Y) Calculated over the trailing 3-year period	0.41
Correlation (All Time) Calculated using the full available price history since Sep 9, 2022	0.39

GLCC.TO vs. IDVO - Sectors Allocation Comparison

Sectors	GLCC.TO	IDVO
Basic Materials	100.0%	15.7%
Communication Services	-	9.1%
Consumer Cyclical	-	4.2%
Consumer Defensive	-	7.5%
Energy	-	12.1%
Financial Services	-	18.3%
Healthcare	-	8.3%
Industrials	-	9.8%
Real Estate	-	-
Technology	-	8.7%
Utilities	-	6.4%

Return for Risk

GLCC.TO vs. IDVO — 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: 37
GLCC.TO Sharpe Ratio Rank: 37
GLCC.TO Sortino Ratio Rank: 33
GLCC.TO Omega Ratio Rank: 40
GLCC.TO Calmar Ratio Rank: 40
GLCC.TO Martin Ratio Rank: 34

IDVO

IDVO Risk / Return Rank: 67
IDVO Sharpe Ratio Rank: 67
IDVO Sortino Ratio Rank: 64
IDVO Omega Ratio Rank: 67
IDVO Calmar Ratio Rank: 68
IDVO Martin Ratio Rank: 70

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. IDVO - 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 Amplify CWP International Enhanced Dividend Income ETF (IDVO). 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.TO	IDVO	Difference
Sharpe ratio: Return per unit of total volatility	1.22	2.11	-0.90
Sortino ratio: Return per unit of downside risk	1.63	2.83	-1.20
Omega ratio: Gain probability vs. loss probability	1.23	1.37	-0.14
Calmar ratio: Return relative to maximum drawdown	1.79	3.41	-1.63
Martin ratio: Return relative to average drawdown	4.69	13.33	-8.64
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. IDVO - Sharpe Ratio Comparison

The current GLCC.TO Sharpe Ratio is 1.22, which is lower than the IDVO Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of GLCC.TO and IDVO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GLCC.TO	IDVO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.22	2.11	-0.90
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.63	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.43	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.04	1.36	-1.32

Drawdowns

GLCC.TO vs. IDVO - Drawdown Comparison

The maximum GLCC.TO drawdown since its inception was -81.37%, which is greater than IDVO's maximum drawdown of -15.97%. Use the drawdown chart below to compare losses from any high point for GLCC.TO and IDVO.

Drawdown Indicators

	GLCC.TO	IDVO	Difference
Max Drawdown Largest peak-to-trough decline	-81.37%	-15.97%	-65.40%
Max Drawdown (1Y) Largest decline over 1 year	-28.86%	-10.14%	-18.72%
Max Drawdown (3Y) Largest decline over 3 years	-28.86%	-15.97%	-12.89%
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	-28.19%	-2.78%	-25.41%
Average Drawdown Average peak-to-trough decline	-53.18%	-1.89%	-51.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.99%	2.59%	+8.40%

Volatility

GLCC.TO vs. IDVO - Volatility Comparison

Global X Gold Producer Equity Covered Call ETF (GLCC.TO) has a higher volatility of 14.96% compared to Amplify CWP International Enhanced Dividend Income ETF (IDVO) at 5.59%. This indicates that GLCC.TO's price experiences larger fluctuations and is considered to be riskier than IDVO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GLCC.TO	IDVO	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.96%	5.59%	+9.37%
Volatility (6M) Calculated over the trailing 6-month period	35.07%	14.04%	+21.03%
Volatility (1Y) Calculated over the trailing 1-year period	42.54%	16.41%	+26.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.16%	17.37%	+14.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.06%	17.37%	+14.69%

GLCC.TO vs. IDVO - Expense Ratio Comparison

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

Dividends

GLCC.TO vs. IDVO - Dividend Comparison

GLCC.TO's dividend yield for the trailing twelve months is around 9.27%, more than IDVO's 5.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GLCC.TO Global X Gold Producer Equity Covered Call ETF	9.27%	6.01%	10.30%	11.16%	10.08%	6.31%	6.47%	4.58%	5.62%	7.08%	8.75%	2.32%
IDVO Amplify CWP International Enhanced Dividend Income ETF	5.61%	5.42%	6.14%	5.72%	1.96%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GLCC.TO and IDVO in my portfolio?

GLCC.TO and IDVO have a correlation of 0.48, 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 IDVO?

On fees, IDVO is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GLCC.TO or IDVO?

IDVO is cheaper with a 0.65% expense ratio, compared with 0.79% for GLCC.TO.

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

They also come from different issuers: Global X and Amplify. Their fees differ too: 0.79% for GLCC.TO and 0.65% for IDVO.