GLCC.TO vs. SPPP

Last updated Jun 4, 2026

GLCC.TO (Global X Gold Producer Equity Covered Call ETF) and SPPP (Sprott Physical Platinum and Palladium Trust) are both exchange-traded funds - GLCC.TO is a Derivative Income fund actively managed by Global X, while SPPP is a Precious Metals fund actively managed by Sprott. Both are actively managed. Over the past 10 years, GLCC.TO returned 14.52%/yr vs 9.32%/yr for SPPP. At a 0.37 correlation, their price movements are largely independent. GLCC.TO charges 0.79%/yr vs 1.02%/yr for SPPP.

Performance

GLCC.TO vs. SPPP - 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 Sprott Physical Platinum and Palladium Trust (SPPP). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

GLCC.TO is traded in CAD, while SPPP is traded in USD. To make them comparable, the SPPP 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 -0.45% return, which is significantly higher than SPPP's -13.28% return. Over the past 10 years, GLCC.TO has outperformed SPPP with an annualized return of 14.52%, while SPPP has yielded a comparatively lower 9.32% annualized return.

GLCC.TO

• 1D: -2.75%
• 1M: 1.61%
• YTD: -0.45%
• 6M: 4.96%
• 1Y: 60.20%
• 3Y*: 40.99%
• 5Y*: 21.30%
• 10Y*: 14.52%

SPPP

• 1D: -3.73%
• 1M: -4.56%
• YTD: -13.28%
• 6M: -2.68%
• 1Y: 40.98%
• 3Y*: 6.81%
• 5Y*: -3.66%
• 10Y*: 9.32%

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

GLCC.TO vs. SPPP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GLCC.TO Global X Gold Producer Equity Covered Call ETF	-0.45%	137.43%	20.18%	6.19%	-1.80%	-9.37%	15.00%	38.72%	-0.38%	7.33%
SPPP Sprott Physical Platinum and Palladium Trust	-13.28%	80.74%	-4.32%	-27.50%	4.59%	-22.48%	21.74%	38.82%	14.48%	26.74%

Correlation

The correlation between GLCC.TO and SPPP is 0.61, 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	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.51
Correlation (5Y) Calculated over the trailing 5-year period	0.47
Correlation (10Y) Calculated over the trailing 10-year period	0.36
Correlation (All Time) Calculated using the full available price history since Dec 20, 2012	0.37

Over the past year, GLCC.TO and SPPP have become more correlated (0.61) than their long-term average of 0.37, meaning their price movements have been converging.

Return for Risk

GLCC.TO vs. SPPP — 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: 39
GLCC.TO Sharpe Ratio Rank: 40
GLCC.TO Sortino Ratio Rank: 35
GLCC.TO Omega Ratio Rank: 40
GLCC.TO Calmar Ratio Rank: 42
GLCC.TO Martin Ratio Rank: 36

SPPP

SPPP Risk / Return Rank: 22
SPPP Sharpe Ratio Rank: 22
SPPP Sortino Ratio Rank: 23
SPPP Omega Ratio Rank: 25
SPPP Calmar Ratio Rank: 23
SPPP Martin Ratio Rank: 20

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. SPPP - 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 Sprott Physical Platinum and Palladium Trust (SPPP). 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	SPPP	Difference
Sharpe ratio Return per unit of total volatility	1.45	0.83	+0.62
Sortino ratio Return per unit of downside risk	1.86	1.28	+0.58
Omega ratio Gain probability vs. loss probability	1.27	1.18	+0.08
Calmar ratio Return relative to maximum drawdown	2.10	1.12	+0.97
Martin ratio Return relative to average drawdown	5.69	2.35	+3.34
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. SPPP - Sharpe Ratio Comparison

The current GLCC.TO Sharpe Ratio is 1.45, which is higher than the SPPP Sharpe Ratio of 0.83. The chart below compares the historical Sharpe Ratios of GLCC.TO and SPPP, 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	SPPP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.45	0.83	+0.62
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.67	-0.11	+0.78
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.46	0.30	+0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.00	0.19	-0.19

Drawdowns

GLCC.TO vs. SPPP - Drawdown Comparison

The maximum GLCC.TO drawdown since its inception was -71.12%, which is greater than SPPP's maximum drawdown of -56.65%. Use the drawdown chart below to compare losses from any high point for GLCC.TO and SPPP.

Drawdown Indicators

	GLCC.TO	SPPP	Difference
Max Drawdown Largest peak-to-trough decline	-71.12%	-56.65%	-14.47%
Max Drawdown (1Y) Largest decline over 1 year	-28.86%	-36.68%	+7.82%
Max Drawdown (3Y) Largest decline over 3 years	-28.86%	-36.68%	+7.82%
Max Drawdown (5Y) Largest decline over 5 years	-37.60%	-56.65%	+19.05%
Max Drawdown (10Y) Largest decline over 10 years	-44.83%	-56.65%	+11.82%
Current Drawdown Current decline from peak	-23.43%	-35.21%	+11.78%
Average Drawdown Average peak-to-trough decline	-34.43%	-20.42%	-14.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.61%	17.52%	-6.91%

Volatility

GLCC.TO vs. SPPP - Volatility Comparison

Global X Gold Producer Equity Covered Call ETF (GLCC.TO) has a higher volatility of 14.96% compared to Sprott Physical Platinum and Palladium Trust (SPPP) at 10.52%. This indicates that GLCC.TO's price experiences larger fluctuations and is considered to be riskier than SPPP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GLCC.TO	SPPP	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.96%	10.52%	+4.44%
Volatility (6M) Calculated over the trailing 6-month period	34.13%	44.29%	-10.16%
Volatility (1Y) Calculated over the trailing 1-year period	41.70%	49.79%	-8.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.94%	33.30%	-1.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.95%	31.58%	+0.37%

GLCC.TO vs. SPPP - Expense Ratio Comparison

GLCC.TO has a 0.79% expense ratio, which is lower than SPPP's 1.02% expense ratio.

Dividends

GLCC.TO vs. SPPP - Dividend Comparison

GLCC.TO's dividend yield for the trailing twelve months is around 8.69%, while SPPP has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GLCC.TO Global X Gold Producer Equity Covered Call ETF	8.69%	6.01%	10.30%	11.16%	10.08%	6.31%	6.47%	4.58%	5.62%	7.09%	9.21%	11.63%
SPPP Sprott Physical Platinum and Palladium Trust	0.00%	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

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

GLCC.TO and SPPP have a correlation of 0.61, 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 SPPP?

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.

Which ETF is cheaper, GLCC.TO or SPPP?

GLCC.TO is cheaper with a 0.79% expense ratio, compared with 1.02% for SPPP.

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

GLCC.TO is categorized as Derivative Income, while SPPP is Precious Metals. They also come from different issuers: Global X and Sprott. Their fees differ too: 0.79% for GLCC.TO and 1.02% for SPPP.