HUN.TO vs. USCL.TO
HUN.TO (Global X Natural Gas ETF) and USCL.TO (Global X Enhanced S&P 500 Covered Call ETF) are both exchange-traded funds - HUN.TO is a Commodities fund tracking the Solactive Natural Gas Winter MD Rolling Futures Index ER, while USCL.TO is a Derivative Income fund actively managed by Global X. HUN.TO is passively managed, while USCL.TO is actively managed. Over the past year, HUN.TO returned -16.44% vs 29.89% for USCL.TO. At a correlation of -0.05, they often move in opposite directions. HUN.TO charges 1.40%/yr vs 0.04%/yr for USCL.TO.
Performance
HUN.TO vs. USCL.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HUN.TO achieves a -4.38% return, which is significantly lower than USCL.TO's 11.57% return.
HUN.TO
- 1D
- -0.13%
- 1M
- -6.67%
- YTD
- -4.38%
- 6M
- -11.35%
- 1Y
- -16.44%
- 3Y*
- -7.05%
- 5Y*
- 6.04%
- 10Y*
- 6.09%
USCL.TO
- 1D
- -0.08%
- 1M
- 7.59%
- YTD
- 11.57%
- 6M
- 9.93%
- 1Y
- 29.89%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HUN.TO vs. USCL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HUN.TO Global X Natural Gas ETF | -4.38% | -5.60% | 10.19% | -23.87% |
USCL.TO Global X Enhanced S&P 500 Covered Call ETF | 11.57% | 10.03% | 38.54% | 4.33% |
Correlation
The correlation between HUN.TO and USCL.TO is -0.28, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.28 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2023 | -0.05 |
Over the past year, the inverse relationship between HUN.TO and USCL.TO has strengthened: their correlation has moved from -0.05 to -0.28, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
HUN.TO vs. USCL.TO — Risk / Return Rank
HUN.TO
USCL.TO
HUN.TO vs. USCL.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Natural Gas ETF (HUN.TO) and Global X Enhanced S&P 500 Covered Call ETF (USCL.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.
| HUN.TO | USCL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.09 | ||
| Sortino ratioReturn per unit of downside risk | -4.04 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.49 | -0.56 |
| Calmar ratioReturn relative to maximum drawdown | -0.65 | 3.51 | -4.15 |
| Martin ratioReturn relative to average drawdown | -1.00 | 14.29 | -15.29 |
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
| HUN.TO | USCL.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.54 | 2.55 | -3.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.18 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.00 | 1.42 | -1.42 |
Drawdowns
HUN.TO vs. USCL.TO - Drawdown Comparison
The maximum HUN.TO drawdown since its inception was -85.33%, which is greater than USCL.TO's maximum drawdown of -21.85%. Use the drawdown chart below to compare losses from any high point for HUN.TO and USCL.TO.
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Drawdown Indicators
| HUN.TO | USCL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.33% | -21.85% | -63.48% |
Max Drawdown (1Y)Largest decline over 1 year | -25.56% | -8.56% | -17.00% |
Max Drawdown (3Y)Largest decline over 3 years | -38.11% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -68.00% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -68.00% | — | — |
Current DrawdownCurrent decline from peak | -66.12% | -0.08% | -66.04% |
Average DrawdownAverage peak-to-trough decline | -64.23% | -2.55% | -61.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.51% | 2.10% | +14.41% |
Volatility
HUN.TO vs. USCL.TO - Volatility Comparison
Global X Natural Gas ETF (HUN.TO) has a higher volatility of 6.11% compared to Global X Enhanced S&P 500 Covered Call ETF (USCL.TO) at 2.86%. This indicates that HUN.TO's price experiences larger fluctuations and is considered to be riskier than USCL.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HUN.TO | USCL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.11% | 2.86% | +3.25% |
Volatility (6M)Calculated over the trailing 6-month period | 23.03% | 9.31% | +13.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.45% | 11.79% | +18.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.16% | 15.44% | +25.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.86% | 15.44% | +19.42% |
HUN.TO vs. USCL.TO - Expense Ratio Comparison
HUN.TO has a 1.40% expense ratio, which is higher than USCL.TO's 0.04% expense ratio.
Dividends
HUN.TO vs. USCL.TO - Dividend Comparison
HUN.TO has not paid dividends to shareholders, while USCL.TO's dividend yield for the trailing twelve months is around 11.95%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
HUN.TO Global X Natural Gas ETF | 0.00% | 0.00% | 12.17% | 11.26% | 5.52% | 6.84% | 9.49% | 9.42% |
USCL.TO Global X Enhanced S&P 500 Covered Call ETF | 11.95% | 12.94% | 11.57% | 7.08% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HUN.TO and USCL.TO have a correlation of -0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, USCL.TO is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.
USCL.TO is cheaper with a 0.04% expense ratio, compared with 1.40% for HUN.TO.
HUN.TO is categorized as Commodities, while USCL.TO is Derivative Income. Their fees differ too: 1.40% for HUN.TO and 0.04% for USCL.TO.
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