GLCC.TO vs. YMAG

Last updated Jun 4, 2026

GLCC.TO (Global X Gold Producer Equity Covered Call ETF) and YMAG (YieldMax Magnificent 7 Fund of Option Income ETFs) are both exchange-traded funds - GLCC.TO is a Derivative Income fund actively managed by Global X, while YMAG is a Large Cap Blend Equities fund actively managed by YieldMax. Both are actively managed. Over the past year, GLCC.TO returned 60.20% vs 28.66% for YMAG. At a 0.04 correlation, their price movements are largely independent. GLCC.TO charges 0.79%/yr vs 1.28%/yr for YMAG.

Performance

GLCC.TO vs. YMAG - 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 YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

GLCC.TO is traded in CAD, while YMAG is traded in USD. To make them comparable, the YMAG 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 lower than YMAG's 5.12% 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%

YMAG

• 1D: -0.45%
• 1M: 4.11%
• YTD: 5.12%
• 6M: 3.98%
• 1Y: 28.66%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GLCC.TO vs. YMAG - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GLCC.TO Global X Gold Producer Equity Covered Call ETF	-0.45%	137.43%	32.08%
YMAG YieldMax Magnificent 7 Fund of Option Income ETFs	5.12%	13.19%	46.03%

Correlation

The correlation between GLCC.TO and YMAG is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.09
Correlation (All Time) Calculated using the full available price history since Jan 31, 2024	0.04

GLCC.TO vs. YMAG - Sectors Allocation Comparison

Sectors	GLCC.TO	YMAG
Basic Materials	100.0%	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	100.0%
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

GLCC.TO vs. YMAG — 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

YMAG

YMAG Risk / Return Rank: 43
YMAG Sharpe Ratio Rank: 47
YMAG Sortino Ratio Rank: 44
YMAG Omega Ratio Rank: 44
YMAG Calmar Ratio Rank: 37
YMAG Martin Ratio Rank: 41

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. YMAG - 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 YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG). 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	YMAG	Difference
Sharpe ratio: Return per unit of total volatility	1.45	1.80	-0.35
Sortino ratio: Return per unit of downside risk	1.86	2.40	-0.54
Omega ratio: Gain probability vs. loss probability	1.27	1.31	-0.05
Calmar ratio: Return relative to maximum drawdown	2.10	1.97	+0.12
Martin ratio: Return relative to average drawdown	5.69	6.02	-0.32
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. YMAG - Sharpe Ratio Comparison

The current GLCC.TO Sharpe Ratio is 1.45, which is comparable to the YMAG Sharpe Ratio of 1.80. The chart below compares the historical Sharpe Ratios of GLCC.TO and YMAG, 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	YMAG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.45	1.80	-0.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.67	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.46	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.00	1.31	-1.31

Drawdowns

GLCC.TO vs. YMAG - Drawdown Comparison

The maximum GLCC.TO drawdown since its inception was -71.12%, which is greater than YMAG's maximum drawdown of -27.15%. Use the drawdown chart below to compare losses from any high point for GLCC.TO and YMAG.

Drawdown Indicators

	GLCC.TO	YMAG	Difference
Max Drawdown Largest peak-to-trough decline	-71.12%	-27.15%	-43.97%
Max Drawdown (1Y) Largest decline over 1 year	-28.86%	-14.59%	-14.27%
Max Drawdown (3Y) Largest decline over 3 years	-28.86%	—	—
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	-23.43%	-2.26%	-21.17%
Average Drawdown Average peak-to-trough decline	-34.43%	-5.18%	-29.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.61%	4.78%	+5.83%

Volatility

GLCC.TO vs. YMAG - Volatility Comparison

Global X Gold Producer Equity Covered Call ETF (GLCC.TO) has a higher volatility of 14.96% compared to YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG) at 3.59%. This indicates that GLCC.TO's price experiences larger fluctuations and is considered to be riskier than YMAG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GLCC.TO	YMAG	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.96%	3.59%	+11.37%
Volatility (6M) Calculated over the trailing 6-month period	34.13%	11.23%	+22.90%
Volatility (1Y) Calculated over the trailing 1-year period	41.70%	15.98%	+25.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.94%	20.51%	+11.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.95%	20.51%	+11.44%

GLCC.TO vs. YMAG - Expense Ratio Comparison

GLCC.TO has a 0.79% expense ratio, which is lower than YMAG's 1.28% expense ratio.

Dividends

GLCC.TO vs. YMAG - Dividend Comparison

GLCC.TO's dividend yield for the trailing twelve months is around 8.69%, less than YMAG's 52.16% yield.

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%
YMAG YieldMax Magnificent 7 Fund of Option Income ETFs	52.16%	52.27%	35.22%	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 YMAG in my portfolio?

GLCC.TO and YMAG have a correlation of 0.09, 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 YMAG?

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 YMAG?

GLCC.TO is cheaper with a 0.79% expense ratio, compared with 1.28% for YMAG.

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

GLCC.TO is categorized as Derivative Income, while YMAG is Large Cap Blend Equities. They also come from different issuers: Global X and YieldMax. Their fees differ too: 0.79% for GLCC.TO and 1.28% for YMAG.