GLCC.TO vs. SLJY

Last updated Jul 21, 2026

GLCC.TO (Global X Gold Producer Equity Covered Call ETF) and SLJY (Amplify SILJ Covered Call ETF) are both Derivative Income funds. Both are actively managed. Their correlation of 0.86 suggests significant overlap in exposure. GLCC.TO charges 0.79%/yr vs 0.75%/yr for SLJY.

Performance

GLCC.TO vs. SLJY - 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 SILJ Covered Call ETF (SLJY). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

GLCC.TO is traded in CAD, while SLJY is traded in USD. To make them comparable, the SLJY 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 -15.04% return, which is significantly lower than SLJY's -8.80% return.

GLCC.TO

• 1D: 0.13%
• 1M: -12.69%
• 6M: -24.84%
• YTD: -15.04%
• 1Y: 37.69%
• 3Y*: 34.34%
• 5Y*: 19.65%
• 10Y*: 11.40%
• ALL TIME*: 0.85%

SLJY

• 1D: -0.38%
• 1M: -11.91%
• 6M: -23.24%
• YTD: -8.80%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

GLCC.TO vs. SLJY - Yearly Performance Comparison

	2026 (YTD)	2025
GLCC.TO Global X Gold Producer Equity Covered Call ETF	-15.04%	41.02%
SLJY Amplify SILJ Covered Call ETF	-8.80%	41.00%

Correlation

The correlation between GLCC.TO and SLJY is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 19, 2025	0.86

Return for Risk

GLCC.TO vs. SLJY — 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: 30
GLCC.TO Sharpe Ratio Rank: 31
GLCC.TO Sortino Ratio Rank: 31
GLCC.TO Omega Ratio Rank: 33
GLCC.TO Calmar Ratio Rank: 29
GLCC.TO Martin Ratio Rank: 26

SLJY

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. SLJY - 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 SILJ Covered Call ETF (SLJY). 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	SLJY	Difference
Sharpe ratio: Return per unit of total volatility	0.85	—	—
Sortino ratio: Return per unit of downside risk	1.30	—	—
Omega ratio: Gain probability vs. loss probability	1.18	—	—
Calmar ratio: Return relative to maximum drawdown	1.09	—	—
Martin ratio: Return relative to average drawdown	2.56	—	—

Drawdowns

GLCC.TO vs. SLJY - Drawdown Comparison

The maximum GLCC.TO drawdown since its inception was -81.37%, which is greater than SLJY's maximum drawdown of -33.57%. Use the drawdown chart below to compare losses from any high point for GLCC.TO and SLJY.

Drawdown Indicators

	GLCC.TO	SLJY	Difference
Max Drawdown Largest peak-to-trough decline	-81.37%	-33.57%	-47.80%
Max Drawdown (1Y) Largest decline over 1 year	-34.74%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-34.74%	—	—
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	-34.65%	-33.57%	-1.08%
Average Drawdown Average peak-to-trough decline	-52.99%	-11.96%	-41.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.75%	—	—

Volatility

Volatility by Period

	GLCC.TO	SLJY	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.61%	—	—
Volatility (6M) Calculated over the trailing 6-month period	37.09%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	44.63%	49.38%	-4.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.69%	49.38%	-16.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.29%	49.38%	-17.09%

GLCC.TO vs. SLJY - Expense Ratio Comparison

GLCC.TO has a 0.79% expense ratio, which is higher than SLJY's 0.75% expense ratio.

Dividends

GLCC.TO vs. SLJY - Dividend Comparison

GLCC.TO's dividend yield for the trailing twelve months is around 10.89%, less than SLJY's 22.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GLCC.TO Global X Gold Producer Equity Covered Call ETF	10.89%	6.01%	10.30%	11.16%	10.08%	6.31%	6.47%	4.58%	5.62%	7.08%	8.75%	2.32%
SLJY Amplify SILJ Covered Call ETF	22.85%	6.26%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

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

GLCC.TO and SLJY have a correlation of 0.86, 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 SLJY?

On fees, SLJY is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GLCC.TO or SLJY?

SLJY is cheaper with a 0.75% expense ratio, compared with 0.79% for GLCC.TO.

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

They also come from different issuers: Global X and Amplify. Their fees differ too: 0.79% for GLCC.TO and 0.75% for SLJY.