GLCC.TO vs. IGLD
GLCC.TO (Global X Gold Producer Equity Covered Call ETF) and IGLD (FT Vest Gold Strategy Target Income ETF) are both exchange-traded funds - GLCC.TO is a Derivative Income fund actively managed by Global X, while IGLD is a Gold fund actively managed by First Trust. Both are actively managed. Over the past 5 years, GLCC.TO returned 22.01%/yr vs 15.97%/yr for IGLD. A 0.62 correlation means they provide meaningful diversification when combined. GLCC.TO charges 0.79%/yr vs 0.85%/yr for IGLD.
Performance
GLCC.TO vs. IGLD - Performance Comparison
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Different Trading Currencies
GLCC.TO is traded in CAD, while IGLD is traded in USD. To make them comparable, the IGLD 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 -6.77% return, which is significantly lower than IGLD's -2.36% return.
GLCC.TO
- 1D
- -3.96%
- 1M
- -6.23%
- YTD
- -6.77%
- 6M
- -10.89%
- 1Y
- 46.25%
- 3Y*
- 41.21%
- 5Y*
- 22.01%
- 10Y*
- 13.14%
IGLD
- 1D
- -2.07%
- 1M
- -5.53%
- YTD
- -2.36%
- 6M
- -5.64%
- 1Y
- 18.33%
- 3Y*
- 23.35%
- 5Y*
- 15.97%
- 10Y*
- —
GLCC.TO vs. IGLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GLCC.TO Global X Gold Producer Equity Covered Call ETF | -6.77% | 137.43% | 20.18% | 6.19% | -1.80% | 3.57% |
IGLD FT Vest Gold Strategy Target Income ETF | -2.36% | 40.73% | 29.47% | 6.64% | 3.85% | 5.20% |
Correlation
The correlation between GLCC.TO and IGLD is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Mar 3, 2021 | 0.62 |
The correlation between GLCC.TO and IGLD shifts across timeframes, from 0.62 (5 years) to 0.74 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GLCC.TO vs. IGLD — Risk / Return Rank
GLCC.TO
IGLD
GLCC.TO vs. IGLD - 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 FT Vest Gold Strategy Target Income ETF (IGLD). 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 | IGLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.16 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.41 | 0.91 | +0.50 |
| Martin ratioReturn relative to average drawdown | 3.78 | 2.54 | +1.24 |
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Drawdowns
GLCC.TO vs. IGLD - Drawdown Comparison
The maximum GLCC.TO drawdown since its inception was -81.37%, which is greater than IGLD's maximum drawdown of -20.27%. Use the drawdown chart below to compare losses from any high point for GLCC.TO and IGLD.
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Drawdown Indicators
| GLCC.TO | IGLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.37% | -20.27% | -61.10% |
Max Drawdown (1Y)Largest decline over 1 year | -33.03% | -20.27% | -12.76% |
Max Drawdown (3Y)Largest decline over 3 years | -33.03% | -20.27% | -12.76% |
Max Drawdown (5Y)Largest decline over 5 years | -37.60% | -20.27% | -17.33% |
Max Drawdown (10Y)Largest decline over 10 years | -44.83% | — | — |
Current DrawdownCurrent decline from peak | -28.29% | -18.38% | -9.91% |
Average DrawdownAverage peak-to-trough decline | -53.09% | -3.92% | -49.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.28% | 7.25% | +5.03% |
Volatility
GLCC.TO vs. IGLD - Volatility Comparison
Global X Gold Producer Equity Covered Call ETF (GLCC.TO) has a higher volatility of 15.89% compared to FT Vest Gold Strategy Target Income ETF (IGLD) at 8.24%. This indicates that GLCC.TO's price experiences larger fluctuations and is considered to be riskier than IGLD 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 | IGLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.89% | 8.24% | +7.65% |
Volatility (6M)Calculated over the trailing 6-month period | 36.66% | 22.16% | +14.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.99% | 24.28% | +19.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.49% | 16.45% | +16.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.24% | 16.28% | +15.96% |
GLCC.TO vs. IGLD - Expense Ratio Comparison
GLCC.TO has a 0.79% expense ratio, which is lower than IGLD's 0.85% expense ratio.
Dividends
GLCC.TO vs. IGLD - Dividend Comparison
GLCC.TO's dividend yield for the trailing twelve months is around 9.28%, less than IGLD's 19.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLCC.TO Global X Gold Producer Equity Covered Call ETF | 9.28% | 6.01% | 10.30% | 11.16% | 10.08% | 6.31% | 6.47% | 4.58% | 5.62% | 7.08% | 8.75% | 2.32% |
IGLD FT Vest Gold Strategy Target Income ETF | 19.29% | 9.91% | 20.81% | 7.85% | 4.45% | 2.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GLCC.TO and IGLD have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
GLCC.TO is cheaper with a 0.79% expense ratio, compared with 0.85% for IGLD.
GLCC.TO is categorized as Derivative Income, while IGLD is Gold. They also come from different issuers: Global X and First Trust. Their fees differ too: 0.79% for GLCC.TO and 0.85% for IGLD.
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