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GOEX vs. GLCC.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

GOEX vs. GLCC.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Global X Gold Explorers ETF (GOEX) and Global X Gold Producer Equity Covered Call ETF (GLCC.TO).

GOEX and GLCC.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GOEX is a passively managed fund by Global X that tracks the performance of the Solactive Global Gold Explorers & Developers Total Return. It was launched on Nov 3, 2010. GLCC.TO is an actively managed fund by Global X. It was launched on Apr 11, 2011.

Performance

GOEX vs. GLCC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Gold Explorers ETF (GOEX) and Global X Gold Producer Equity Covered Call ETF (GLCC.TO). The values are adjusted to include any dividend payments, if applicable.

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GOEX vs. GLCC.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
GOEX
Global X Gold Explorers ETF		5.01%179.50%19.38%1.99%-14.63%-14.45%34.98%36.73%-14.84%12.61%
GLCC.TO
Global X Gold Producer Equity Covered Call ETF		4.62%148.81%10.69%8.61%-8.37%-8.70%17.30%45.65%-8.12%14.73%
Different Trading Currencies

GOEX is traded in USD, while GLCC.TO is traded in CAD. To make them comparable, the GLCC.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, GOEX achieves a 5.01% return, which is significantly higher than GLCC.TO's 4.62% return. Over the past 10 years, GOEX has outperformed GLCC.TO with an annualized return of 19.57%, while GLCC.TO has yielded a comparatively lower 16.89% annualized return.

GOEX

1D
7.98%
1M
-21.75%
YTD
5.01%
6M
27.17%
1Y
127.38%
3Y*
47.26%
5Y*
24.87%
10Y*
19.57%

GLCC.TO

1D
6.06%
1M
-20.00%
YTD
4.62%
6M
21.05%
1Y
92.55%
3Y*
42.22%
5Y*
22.79%
10Y*
16.89%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Global X Gold Explorers ETF

Global X Gold Producer Equity Covered Call ETF

Often compared with GOEX:
GOEX vs. GLDGOEX vs. SILGOEX vs. XMEGOEX vs. RINGGOEX vs. IAUGOEX vs. URAGOEX vs. COPX
Often compared with GLCC.TO:
GLCC.TO vs. AMAX.TOGLCC.TO vs. DXMO.TOGLCC.TO vs. BCCCGLCC.TO vs. GLDI.LGLCC.TO vs. WAF.AXGLCC.TO vs. IGLDGLCC.TO vs. 4GLD.DE

GOEX vs. GLCC.TO - Expense Ratio Comparison

GOEX has a 0.65% expense ratio, which is lower than GLCC.TO's 0.79% expense ratio.

GLCC.TO
Global X Gold Producer Equity Covered Call ETF
GOEX
Global X Gold Explorers ETF

Return for Risk

GOEX vs. GLCC.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GOEX
GOEX Risk / Return Rank: 9494
Overall Rank
GOEX Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
GOEX Sortino Ratio Rank: 9292
Sortino Ratio Rank
GOEX Omega Ratio Rank: 9191
Omega Ratio Rank
GOEX Calmar Ratio Rank: 9595
Calmar Ratio Rank
GOEX Martin Ratio Rank: 9494
Martin Ratio Rank
GLCC.TO
GLCC.TO Risk / Return Rank: 9090
Overall Rank
GLCC.TO Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
GLCC.TO Sortino Ratio Rank: 8888
Sortino Ratio Rank
GLCC.TO Omega Ratio Rank: 8989
Omega Ratio Rank
GLCC.TO Calmar Ratio Rank: 9191
Calmar Ratio Rank
GLCC.TO Martin Ratio Rank: 9191
Martin Ratio Rank
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.

GOEX vs. GLCC.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Gold Explorers ETF (GOEX) and Global X Gold Producer Equity Covered Call ETF (GLCC.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.

GOEXGLCC.TODifference

Sharpe ratio

Return per unit of total volatility

2.55

2.16

+0.39

Sortino ratio

Return per unit of downside risk

2.69

2.42

+0.27

Omega ratio

Gain probability vs. loss probability

1.39

1.36

+0.02

Calmar ratio

Return relative to maximum drawdown

3.90

3.19

+0.70

Martin ratio

Return relative to average drawdown

13.83

12.15

+1.68

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GOEX vs. GLCC.TO - Sharpe Ratio Comparison

The current GOEX Sharpe Ratio is 2.55, which is comparable to the GLCC.TO Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of GOEX and GLCC.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

GOEXGLCC.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.55

2.16

+0.39

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.65

0.68

-0.03

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.49

0.50

-0.01

Sharpe Ratio (All Time)

Calculated using the full available price history

0.03

0.00

+0.03

Correlation

The correlation between GOEX and GLCC.TO is 0.85, 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

GOEX vs. GLCC.TO - Dividend Comparison

GOEX's dividend yield for the trailing twelve months is around 1.98%, less than GLCC.TO's 6.21% yield.

TTM20252024202320222021202020192018201720162015
GOEX
Global X Gold Explorers ETF		1.98%2.08%2.46%0.05%1.04%2.35%2.62%1.60%0.00%0.00%38.91%11.70%
GLCC.TO
Global X Gold Producer Equity Covered Call ETF		6.21%6.01%10.30%11.16%10.08%6.31%6.47%4.58%5.62%7.09%9.21%11.63%

Drawdowns

GOEX vs. GLCC.TO - Drawdown Comparison

The maximum GOEX drawdown since its inception was -88.83%, which is greater than GLCC.TO's maximum drawdown of -78.75%. Use the drawdown chart below to compare losses from any high point for GOEX and GLCC.TO.

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Drawdown Indicators

GOEXGLCC.TODifference

Max Drawdown

Largest peak-to-trough decline

-88.83%

-71.12%

-17.71%

Max Drawdown (1Y)

Largest decline over 1 year

-32.78%

-28.86%

-3.92%

Max Drawdown (5Y)

Largest decline over 5 years

-47.16%

-37.60%

-9.56%

Max Drawdown (10Y)

Largest decline over 10 years

-53.66%

-44.83%

-8.83%

Current Drawdown

Current decline from peak

-22.50%

-18.48%

-4.02%

Average Drawdown

Average peak-to-trough decline

-64.06%

-34.62%

-29.44%

Ulcer Index

Depth and duration of drawdowns from previous peaks

9.24%

7.54%

+1.70%

Volatility

GOEX vs. GLCC.TO - Volatility Comparison

Global X Gold Explorers ETF (GOEX) has a higher volatility of 19.89% compared to Global X Gold Producer Equity Covered Call ETF (GLCC.TO) at 17.43%. This indicates that GOEX's price experiences larger fluctuations and is considered to be riskier than GLCC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

GOEXGLCC.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

19.89%

17.43%

+2.46%

Volatility (6M)

Calculated over the trailing 6-month period

42.25%

35.52%

+6.73%

Volatility (1Y)

Calculated over the trailing 1-year period

50.25%

43.15%

+7.10%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

38.54%

33.75%

+4.79%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

40.46%

33.99%

+6.47%