HVOI.TO vs. BKCC.TO
HVOI.TO (Harvest Low Volatility Canadian Equity Income ETF Class A) and BKCC.TO (Global X Equal Weight Canadian Bank Covered Call ETF) are both Derivative Income funds. Both are actively managed. Over the past year, HVOI.TO returned 20.16% vs 47.40% for BKCC.TO. Their 0.49 correlation means their historical movements had little consistent relationship. HVOI.TO charges 0.89%/yr vs 0.84%/yr for BKCC.TO.
Performance
HVOI.TO vs. BKCC.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HVOI.TO achieves a 11.03% return, which is significantly lower than BKCC.TO's 23.38% return.
HVOI.TO
- 1D
- 0.28%
- 1M
- 1.05%
- 6M
- 11.45%
- YTD
- 11.03%
- 1Y
- 20.16%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 21.02%
BKCC.TO
- 1D
- -0.15%
- 1M
- 1.27%
- 6M
- 21.51%
- YTD
- 23.38%
- 1Y
- 47.40%
- 3Y*
- 23.63%
- 5Y*
- -3.15%
- 10Y*
- 0.98%
- ALL TIME*
- 6.93%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$689.81K | CA$508.22K | CA$694.13K | |
| CA$34.24K | CA$36.50K | CA$47.47K |
HVOI.TO vs. BKCC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HVOI.TO Harvest Low Volatility Canadian Equity Income ETF Class A | 11.03% | 15.49% |
BKCC.TO Global X Equal Weight Canadian Bank Covered Call ETF | 23.38% | 36.54% |
Correlation
The correlation between HVOI.TO and BKCC.TO is 0.53, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.53 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2025 | 0.49 |
The correlation between HVOI.TO and BKCC.TO has been stable across timeframes, ranging from 0.49 to 0.53 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HVOI.TO vs. BKCC.TO — Risk / Return Rank
HVOI.TO
BKCC.TO
HVOI.TO vs. BKCC.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harvest Low Volatility Canadian Equity Income ETF Class A (HVOI.TO) and Global X Equal Weight Canadian Bank Covered Call ETF (BKCC.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.
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.
| HVOI.TO | BKCC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.92 | ||
| Sortino ratioReturn per unit of downside risk | -2.25 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.79 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | 3.01 | 6.53 | -3.52 |
| Martin ratioReturn relative to average drawdown | 12.03 | 29.12 | -17.10 |
Loading charts...
Drawdowns
HVOI.TO vs. BKCC.TO - Drawdown Comparison
The maximum HVOI.TO drawdown since its inception was -6.72%, smaller than the maximum BKCC.TO drawdown of -79.15%. Use the drawdown chart below to compare losses from any high point for HVOI.TO and BKCC.TO.
Loading charts...
Drawdown Indicators
| HVOI.TO | BKCC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.72% | -79.15% | +72.43% |
Max Drawdown (1Y)Largest decline over 1 year | -6.72% | -7.30% | +0.58% |
Max Drawdown (3Y)Largest decline over 3 years | — | -11.79% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -79.15% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -79.15% | — |
Current DrawdownCurrent decline from peak | -1.03% | -22.96% | +21.93% |
Average DrawdownAverage peak-to-trough decline | -0.89% | -18.24% | +17.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.68% | 1.63% | +0.05% |
Volatility
HVOI.TO vs. BKCC.TO - Volatility Comparison
The current volatility for Harvest Low Volatility Canadian Equity Income ETF Class A (HVOI.TO) is 2.18%, while Global X Equal Weight Canadian Bank Covered Call ETF (BKCC.TO) has a volatility of 4.86%. This indicates that HVOI.TO experiences smaller price fluctuations and is considered to be less risky than BKCC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HVOI.TO | BKCC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.18% | 4.86% | -2.68% |
Volatility (6M)Calculated over the trailing 6-month period | 6.92% | 9.88% | -2.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.81% | 11.31% | -2.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.31% | 168.22% | -159.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.31% | 119.46% | -111.15% |
HVOI.TO vs. BKCC.TO - Expense Ratio Comparison
HVOI.TO has a 0.89% expense ratio, which is higher than BKCC.TO's 0.84% expense ratio.
Dividends
HVOI.TO vs. BKCC.TO - Dividend Comparison
HVOI.TO's dividend yield for the trailing twelve months is around 6.69%, less than BKCC.TO's 8.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BKCC.TO Global X Equal Weight Canadian Bank Covered Call ETF | 8.95% | 10.43% | 12.30% | 10.93% | 8.24% | 2.76% | 2.96% | 2.72% | 3.13% | 2.89% | 2.89% | 3.68% |
HVOI.TO Harvest Low Volatility Canadian Equity Income ETF Class A | 6.69% | 4.76% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HVOI.TO and BKCC.TO have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BKCC.TO is cheaper at 0.84% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BKCC.TO is cheaper with a 0.84% expense ratio, compared with 0.89% for HVOI.TO.
They also come from different issuers: Harvest and Global X. Their fees differ too: 0.89% for HVOI.TO and 0.84% for BKCC.TO.
Find the right allocation for HVOI.TO and BKCC.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer