GLCL.TO vs. HGGG.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Global X Enhanced Gold Producer Equity Covered Call ETF (GLCL.TO) and Harvest Global Gold Giants Index ETF (HGGG.TO).

GLCL.TO and HGGG.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GLCL.TO is a passively managed fund by Global X that tracks the performance of the Mirae Asset North American Listed Gold Producers Index. It was launched on Apr 21, 2025. HGGG.TO is a passively managed fund by Harvest that tracks the performance of the Solactive Global Gold Giants Index TR. It was launched on Jan 10, 2019. Both GLCL.TO and HGGG.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

GLCL.TO vs. HGGG.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X Enhanced Gold Producer Equity Covered Call ETF (GLCL.TO) and Harvest Global Gold Giants Index ETF (HGGG.TO). The values are adjusted to include any dividend payments, if applicable.

GLCL.TO vs. HGGG.TO - Yearly Performance Comparison

	2026 (YTD)	2025
GLCL.TO Global X Enhanced Gold Producer Equity Covered Call ETF	6.10%	104.93%
HGGG.TO Harvest Global Gold Giants Index ETF	6.31%	100.93%

Returns By Period

The year-to-date returns for both investments are quite close, with GLCL.TO having a 6.10% return and HGGG.TO slightly higher at 6.31%.

GLCL.TO

• 1D: 6.70%
• 1M: -23.28%
• YTD: 6.10%
• 6M: 24.42%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HGGG.TO

• 1D: 8.03%
• 1M: -20.27%
• YTD: 6.31%
• 6M: 25.64%
• 1Y: 117.42%
• 3Y*: 50.08%
• 5Y*: 30.21%
• 10Y*: —

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

GLCL.TO vs. HGGG.TO - Expense Ratio Comparison

GLCL.TO has a 0.85% expense ratio, which is higher than HGGG.TO's 0.40% expense ratio.

GLCL.TO

Global X Enhanced Gold Producer Equity Covered Call ETF

HGGG.TO

Harvest Global Gold Giants Index ETF

Return for Risk

GLCL.TO vs. HGGG.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HGGG.TO

HGGG.TO Risk / Return Rank: 94
HGGG.TO Sharpe Ratio Rank: 96
HGGG.TO Sortino Ratio Rank: 94
HGGG.TO Omega Ratio Rank: 93
HGGG.TO Calmar Ratio Rank: 94
HGGG.TO Martin Ratio Rank: 93

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.

GLCL.TO vs. HGGG.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 Harvest Global Gold Giants Index ETF (HGGG.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.

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

Sharpe Ratios by Period

	GLCL.TO	HGGG.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.71	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.95	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.69	0.79	+1.90

Correlation

The correlation between GLCL.TO and HGGG.TO is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

GLCL.TO vs. HGGG.TO - Dividend Comparison

GLCL.TO's dividend yield for the trailing twelve months is around 6.14%, while HGGG.TO has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019
GLCL.TO Global X Enhanced Gold Producer Equity Covered Call ETF	6.14%	4.34%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
HGGG.TO Harvest Global Gold Giants Index ETF	0.00%	0.00%	0.00%	0.00%	0.00%	1.54%	2.65%	0.54%

Drawdowns

GLCL.TO vs. HGGG.TO - Drawdown Comparison

The maximum GLCL.TO drawdown since its inception was -35.08%, smaller than the maximum HGGG.TO drawdown of -51.54%. Use the drawdown chart below to compare losses from any high point for GLCL.TO and HGGG.TO.

Drawdown Indicators

	GLCL.TO	HGGG.TO	Difference
Max Drawdown Largest peak-to-trough decline	-35.08%	-51.54%	+16.46%
Max Drawdown (1Y) Largest decline over 1 year	—	-31.16%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-39.14%	—
Current Drawdown Current decline from peak	-23.28%	-20.29%	-2.99%
Average Drawdown Average peak-to-trough decline	-5.61%	-20.15%	+14.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	8.37%	—

Volatility

Volatility by Period

	GLCL.TO	HGGG.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	19.27%	—
Volatility (6M) Calculated over the trailing 6-month period	—	35.89%	—
Volatility (1Y) Calculated over the trailing 1-year period	50.93%	43.54%	+7.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	50.93%	31.91%	+19.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	50.93%	32.34%	+18.59%