HDIF.TO vs. BCCL.NEO
HDIF.TO (Harvest Diversified Monthly Income ETF - Class A Units) and BCCL.NEO (Global X Enhanced Bitcoin Covered Call ETF) are both Derivative Income funds. Both are actively managed. Over the past year, HDIF.TO returned 28.27% vs -40.39% for BCCL.NEO. At a 0.33 correlation, their price movements are largely independent.
Performance
HDIF.TO vs. BCCL.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, HDIF.TO achieves a 11.43% return, which is significantly higher than BCCL.NEO's -29.24% return.
HDIF.TO
- 1D
- 0.74%
- 1M
- 3.02%
- YTD
- 11.43%
- 6M
- 12.09%
- 1Y
- 28.27%
- 3Y*
- 17.71%
- 5Y*
- —
- 10Y*
- —
BCCL.NEO
- 1D
- 3.95%
- 1M
- -23.48%
- YTD
- -29.24%
- 6M
- -31.76%
- 1Y
- -40.39%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HDIF.TO vs. BCCL.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HDIF.TO Harvest Diversified Monthly Income ETF - Class A Units | 11.43% | 19.35% |
BCCL.NEO Global X Enhanced Bitcoin Covered Call ETF | -29.24% | -6.82% |
Correlation
The correlation between HDIF.TO and BCCL.NEO is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since May 5, 2025 | 0.33 |
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Return for Risk
HDIF.TO vs. BCCL.NEO — Risk / Return Rank
HDIF.TO
BCCL.NEO
HDIF.TO vs. BCCL.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harvest Diversified Monthly Income ETF - Class A Units (HDIF.TO) and Global X Enhanced Bitcoin Covered Call ETF (BCCL.NEO). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HDIF.TO | BCCL.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.01 | ||
| Sortino ratioReturn per unit of downside risk | +4.15 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 0.85 | +0.52 |
| Calmar ratioReturn relative to maximum drawdown | 3.06 | -0.76 | +3.81 |
| Martin ratioReturn relative to average drawdown | 12.56 | -1.34 | +13.90 |
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Drawdowns
HDIF.TO vs. BCCL.NEO - Drawdown Comparison
The maximum HDIF.TO drawdown since its inception was -24.08%, smaller than the maximum BCCL.NEO drawdown of -55.27%. Use the drawdown chart below to compare losses from any high point for HDIF.TO and BCCL.NEO.
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Drawdown Indicators
| HDIF.TO | BCCL.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.08% | -55.27% | +31.19% |
Max Drawdown (1Y)Largest decline over 1 year | -8.79% | -55.27% | +46.48% |
Max Drawdown (3Y)Largest decline over 3 years | -19.59% | — | — |
Current DrawdownCurrent decline from peak | -0.84% | -51.84% | +51.00% |
Average DrawdownAverage peak-to-trough decline | -6.63% | -23.09% | +16.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.14% | 31.07% | -28.93% |
Volatility
HDIF.TO vs. BCCL.NEO - Volatility Comparison
The current volatility for Harvest Diversified Monthly Income ETF - Class A Units (HDIF.TO) is 4.52%, while Global X Enhanced Bitcoin Covered Call ETF (BCCL.NEO) has a volatility of 15.04%. This indicates that HDIF.TO experiences smaller price fluctuations and is considered to be less risky than BCCL.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HDIF.TO | BCCL.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.52% | 15.04% | -10.52% |
Volatility (6M)Calculated over the trailing 6-month period | 10.75% | 33.17% | -22.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.99% | 44.72% | -31.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.49% | 44.26% | -26.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.49% | 44.26% | -26.77% |
Dividends
HDIF.TO vs. BCCL.NEO - Dividend Comparison
HDIF.TO's dividend yield for the trailing twelve months is around 10.23%, less than BCCL.NEO's 41.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BCCL.NEO Global X Enhanced Bitcoin Covered Call ETF | 39.89% | 16.02% | 0.00% | 0.00% | 0.00% |
HDIF.TO Harvest Diversified Monthly Income ETF - Class A Units | 10.23% | 9.95% | 10.14% | 10.59% | 8.93% |
Frequently Asked Questions
HDIF.TO and BCCL.NEO have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: Harvest and Global X.
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