GLCL.TO vs. AGCC.TO
GLCL.TO (Global X Enhanced Gold Producer Equity Covered Call ETF) and AGCC.TO (Global X Silver Covered Call ETF) are both exchange-traded funds - GLCL.TO is a Gold fund tracking the Mirae Asset North American Listed Gold Producers Index, while AGCC.TO is a Silver fund actively managed by Global X. GLCL.TO is passively managed, while AGCC.TO is actively managed. A 0.74 correlation means they provide meaningful diversification when combined. GLCL.TO charges 0.85%/yr vs 0.60%/yr for AGCC.TO.
Performance
GLCL.TO vs. AGCC.TO - Performance Comparison
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Returns By Period
In the year-to-date period, GLCL.TO achieves a -2.04% return, which is significantly lower than AGCC.TO's 1.95% return.
GLCL.TO
- 1D
- -2.87%
- 1M
- 2.09%
- YTD
- -2.04%
- 6M
- 4.37%
- 1Y
- 75.90%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AGCC.TO
- 1D
- -2.45%
- 1M
- 1.43%
- YTD
- 1.95%
- 6M
- 19.93%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GLCL.TO vs. AGCC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GLCL.TO Global X Enhanced Gold Producer Equity Covered Call ETF | -2.04% | 11.44% |
AGCC.TO Global X Silver Covered Call ETF | 1.95% | 37.24% |
Correlation
The correlation between GLCL.TO and AGCC.TO 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 (All Time) Calculated using the full available price history since Oct 9, 2025 | 0.74 |
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Return for Risk
GLCL.TO vs. AGCC.TO — Risk / Return Rank
GLCL.TO
AGCC.TO
GLCL.TO vs. AGCC.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Enhanced Gold Producer Equity Covered Call ETF (GLCL.TO) and Global X Silver Covered Call ETF (AGCC.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.
| GLCL.TO | AGCC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.28 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.19 | — | — |
| Martin ratioReturn relative to average drawdown | 5.74 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GLCL.TO | AGCC.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.49 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.77 | 1.06 | +0.72 |
Drawdowns
GLCL.TO vs. AGCC.TO - Drawdown Comparison
The maximum GLCL.TO drawdown since its inception was -35.08%, smaller than the maximum AGCC.TO drawdown of -39.17%. Use the drawdown chart below to compare losses from any high point for GLCL.TO and AGCC.TO.
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Drawdown Indicators
| GLCL.TO | AGCC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.08% | -39.17% | +4.09% |
Max Drawdown (1Y)Largest decline over 1 year | -35.08% | — | — |
Current DrawdownCurrent decline from peak | -29.16% | -32.43% | +3.27% |
Average DrawdownAverage peak-to-trough decline | -8.45% | -16.63% | +8.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.32% | — | — |
Volatility
GLCL.TO vs. AGCC.TO - Volatility Comparison
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Volatility by Period
| GLCL.TO | AGCC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.24% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 42.38% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 51.33% | 64.60% | -13.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.55% | 64.60% | -13.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.55% | 64.60% | -13.05% |
GLCL.TO vs. AGCC.TO - Expense Ratio Comparison
GLCL.TO has a 0.85% expense ratio, which is higher than AGCC.TO's 0.60% expense ratio.
Dividends
GLCL.TO vs. AGCC.TO - Dividend Comparison
GLCL.TO's dividend yield for the trailing twelve months is around 10.10%, more than AGCC.TO's 5.55% yield.
| Position | TTM | 2025 |
|---|---|---|
AGCC.TO Global X Silver Covered Call ETF | 5.55% | 1.49% |
GLCL.TO Global X Enhanced Gold Producer Equity Covered Call ETF | 10.10% | 4.34% |
Frequently Asked Questions
GLCL.TO and AGCC.TO 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, AGCC.TO is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AGCC.TO is cheaper with a 0.60% expense ratio, compared with 0.85% for GLCL.TO.
GLCL.TO is categorized as Gold, while AGCC.TO is Silver. Their fees differ too: 0.85% for GLCL.TO and 0.60% for AGCC.TO.
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