GLCC.TO vs. MSTY.TO
GLCC.TO (Global X Gold Producer Equity Covered Call ETF) and MSTY.TO (Harvest MicroStrategy High Income Shares ETF) are both Derivative Income funds. Both are actively managed. Over the past year, GLCC.TO returned 48.60% vs -69.99% for MSTY.TO. At a 0.16 correlation, their price movements are largely independent. GLCC.TO charges 0.79%/yr vs 0.40%/yr for MSTY.TO.
Performance
GLCC.TO vs. MSTY.TO - Performance Comparison
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Returns By Period
In the year-to-date period, GLCC.TO achieves a -5.15% return, which is significantly higher than MSTY.TO's -15.94% return.
GLCC.TO
- 1D
- 2.91%
- 1M
- -6.20%
- YTD
- -5.15%
- 6M
- -3.63%
- 1Y
- 48.60%
- 3Y*
- 40.00%
- 5Y*
- 20.22%
- 10Y*
- 13.89%
MSTY.TO
- 1D
- 2.50%
- 1M
- -28.46%
- YTD
- -15.94%
- 6M
- -28.65%
- 1Y
- -69.99%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GLCC.TO vs. MSTY.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GLCC.TO Global X Gold Producer Equity Covered Call ETF | -5.15% | 118.74% |
MSTY.TO Harvest MicroStrategy High Income Shares ETF | -15.94% | -68.62% |
Correlation
The correlation between GLCC.TO and MSTY.TO is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Jan 16, 2025 | 0.16 |
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Return for Risk
GLCC.TO vs. MSTY.TO — Risk / Return Rank
GLCC.TO
MSTY.TO
GLCC.TO vs. MSTY.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 Harvest MicroStrategy High Income Shares ETF (MSTY.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 | MSTY.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.29 | ||
| Sortino ratioReturn per unit of downside risk | +3.81 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 0.76 | +0.47 |
| Calmar ratioReturn relative to maximum drawdown | 1.53 | -0.91 | +2.44 |
| Martin ratioReturn relative to average drawdown | 4.34 | -1.31 | +5.65 |
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Drawdowns
GLCC.TO vs. MSTY.TO - Drawdown Comparison
The maximum GLCC.TO drawdown since its inception was -81.37%, roughly equal to the maximum MSTY.TO drawdown of -81.01%. Use the drawdown chart below to compare losses from any high point for GLCC.TO and MSTY.TO.
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Drawdown Indicators
| GLCC.TO | MSTY.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.37% | -81.01% | -0.36% |
Max Drawdown (1Y)Largest decline over 1 year | -33.03% | -76.93% | +43.90% |
Max Drawdown (3Y)Largest decline over 3 years | -33.03% | — | — |
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 | -27.04% | -77.93% | +50.89% |
Average DrawdownAverage peak-to-trough decline | -53.15% | -48.16% | -4.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.60% | 53.12% | -41.52% |
Volatility
GLCC.TO vs. MSTY.TO - Volatility Comparison
The current volatility for Global X Gold Producer Equity Covered Call ETF (GLCC.TO) is 16.63%, while Harvest MicroStrategy High Income Shares ETF (MSTY.TO) has a volatility of 21.44%. This indicates that GLCC.TO experiences smaller price fluctuations and is considered to be less risky than MSTY.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 | MSTY.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.63% | 21.44% | -4.81% |
Volatility (6M)Calculated over the trailing 6-month period | 35.94% | 51.56% | -15.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.26% | 62.36% | -19.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.35% | 69.34% | -36.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.16% | 69.34% | -37.18% |
GLCC.TO vs. MSTY.TO - Expense Ratio Comparison
GLCC.TO has a 0.79% expense ratio, which is higher than MSTY.TO's 0.40% expense ratio.
Dividends
GLCC.TO vs. MSTY.TO - Dividend Comparison
GLCC.TO's dividend yield for the trailing twelve months is around 9.12%, less than MSTY.TO's 21.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLCC.TO Global X Gold Producer Equity Covered Call ETF | 9.12% | 6.01% | 10.30% | 11.16% | 10.08% | 6.31% | 6.47% | 4.58% | 5.62% | 7.08% | 8.75% | 2.32% |
MSTY.TO Harvest MicroStrategy High Income Shares ETF | 21.95% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GLCC.TO and MSTY.TO have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MSTY.TO is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MSTY.TO is cheaper with a 0.40% expense ratio, compared with 0.79% for GLCC.TO.
They also come from different issuers: Global X and Harvest. Their fees differ too: 0.79% for GLCC.TO and 0.40% for MSTY.TO.
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