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HXS.TO vs. USCC.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HXS.TO vs. USCC.TO

Last updated Jun 4, 2026

HXS.TO (Global X S&P 500 Index Corporate Class ETF) and USCC.TO (Global X S&P 500 Covered Call ETF) are both exchange-traded funds - HXS.TO is a S&P 500 fund tracking the S&P 500 Index, while USCC.TO is a Derivative Income fund actively managed by Global X. HXS.TO is passively managed, while USCC.TO is actively managed. Over the past 10 years, HXS.TO returned 15.90%/yr vs 11.31%/yr for USCC.TO. A 0.55 correlation means they provide meaningful diversification when combined. HXS.TO charges 0.10%/yr vs 0.49%/yr for USCC.TO.

Performance

HXS.TO vs. USCC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X S&P 500 Index Corporate Class ETF (HXS.TO) and Global X S&P 500 Covered Call ETF (USCC.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, HXS.TO achieves a 11.99% return, which is significantly higher than USCC.TO's 9.71% return. Over the past 10 years, HXS.TO has outperformed USCC.TO with an annualized return of 15.90%, while USCC.TO has yielded a comparatively lower 11.31% annualized return.

HXS.TO

1D
-0.27%
1M
7.20%
YTD
11.99%
6M
10.17%
1Y
29.00%
3Y*
23.29%
5Y*
16.64%
10Y*
15.90%

USCC.TO

1D
0.10%
1M
6.39%
YTD
9.71%
6M
8.43%
1Y
24.60%
3Y*
17.81%
5Y*
11.38%
10Y*
11.31%
*Multi-year figures are annualized to reflect compound growth (CAGR)

HXS.TO vs. USCC.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
HXS.TO
Global X S&P 500 Index Corporate Class ETF		11.99%11.93%34.98%23.22%-12.72%27.30%15.78%24.69%3.03%13.60%
USCC.TO
Global X S&P 500 Covered Call ETF		9.71%9.20%31.13%13.91%-10.22%20.61%9.31%15.08%0.57%6.31%

Correlation

The correlation between HXS.TO and USCC.TO is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.93

Correlation (3Y)
Calculated over the trailing 3-year period

0.93

Correlation (5Y)
Calculated over the trailing 5-year period

0.71

Correlation (10Y)
Calculated over the trailing 10-year period

0.54

Correlation (All Time)
Calculated using the full available price history since Jan 21, 2014

0.55

Over the past year, HXS.TO and USCC.TO have become more correlated (0.93) than their long-term average of 0.55, meaning their price movements have been converging.

HXS.TO vs. USCC.TO - Sectors Allocation Comparison

Sectors
HXS.TO
USCC.TO

Technology

35.6%
35.6%

Financial Services

11.8%
11.8%

Communication Services

11.2%
11.2%

Consumer Cyclical

10.1%
10.1%

Healthcare

8.5%
8.5%

Industrials

8.3%
8.3%

Consumer Defensive

4.9%
4.9%

Energy

3.5%
3.5%

Utilities

2.4%
2.4%

Real Estate

1.9%
1.9%

Basic Materials

1.8%
1.8%

Technology

HXS.TO
35.6%
USCC.TO
35.6%

Financial Services

HXS.TO
11.8%
USCC.TO
11.8%

Communication Services

HXS.TO
11.2%
USCC.TO
11.2%

Consumer Cyclical

HXS.TO
10.1%
USCC.TO
10.1%

Healthcare

HXS.TO
8.5%
USCC.TO
8.5%

Industrials

HXS.TO
8.3%
USCC.TO
8.3%

Consumer Defensive

HXS.TO
4.9%
USCC.TO
4.9%

Energy

HXS.TO
3.5%
USCC.TO
3.5%

Utilities

HXS.TO
2.4%
USCC.TO
2.4%

Real Estate

HXS.TO
1.9%
USCC.TO
1.9%

Basic Materials

HXS.TO
1.8%
USCC.TO
1.8%

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 S&P 500 Index Corporate Class ETF

Global X S&P 500 Covered Call ETF

Often compared with HXS.TO:
HXS.TO vs. HXQ.TOHXS.TO vs. VFV.TOHXS.TO vs. ZSP.TOHXS.TO vs. VOOHXS.TO vs. XUS.TOHXS.TO vs. SPYHXS.TO vs. TEC.TO
Often compared with USCC.TO:
USCC.TO vs. VFV.TOUSCC.TO vs. SPYIUSCC.TO vs. TGED.TOUSCC.TO vs. USCL.TOUSCC.TO vs. ZSP-U.TOUSCC.TO vs. ESPX.ASUSCC.TO vs. ESG.TO

Return for Risk

HXS.TO vs. USCC.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HXS.TO
HXS.TO Risk / Return Rank: 7171
Overall Rank
HXS.TO Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
HXS.TO Sortino Ratio Rank: 7373
Sortino Ratio Rank
HXS.TO Omega Ratio Rank: 7474
Omega Ratio Rank
HXS.TO Calmar Ratio Rank: 6666
Calmar Ratio Rank
HXS.TO Martin Ratio Rank: 6767
Martin Ratio Rank
USCC.TO
USCC.TO Risk / Return Rank: 8080
Overall Rank
USCC.TO Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
USCC.TO Sortino Ratio Rank: 8181
Sortino Ratio Rank
USCC.TO Omega Ratio Rank: 8585
Omega Ratio Rank
USCC.TO Calmar Ratio Rank: 7474
Calmar Ratio Rank
USCC.TO Martin Ratio Rank: 7878
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.

HXS.TO vs. USCC.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X S&P 500 Index Corporate Class ETF (HXS.TO) and Global X S&P 500 Covered Call ETF (USCC.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.

HXS.TOUSCC.TODifference
Sharpe ratioReturn per unit of total volatility
2.46
2.65

-0.19

Sortino ratioReturn per unit of downside risk
3.36
3.65

-0.30

Omega ratioGain probability vs. loss probability

1.45

1.53

-0.07

Calmar ratioReturn relative to maximum drawdown

3.33

3.68

-0.35

Martin ratioReturn relative to average drawdown

12.62

15.14

-2.51

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

HXS.TO vs. USCC.TO - Sharpe Ratio Comparison

The current HXS.TO Sharpe Ratio is 2.46, which is comparable to the USCC.TO Sharpe Ratio of 2.65. The chart below compares the historical Sharpe Ratios of HXS.TO and USCC.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

HXS.TOUSCC.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.46

2.65

-0.19

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.11

0.93

+0.18

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.97

0.96

0.00

Sharpe Ratio (All Time)

Calculated using the full available price history

1.02

0.95

+0.07

Drawdowns

HXS.TO vs. USCC.TO - Drawdown Comparison

The maximum HXS.TO drawdown since its inception was -27.42%, roughly equal to the maximum USCC.TO drawdown of -28.48%. Use the drawdown chart below to compare losses from any high point for HXS.TO and USCC.TO.

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Drawdown Indicators

HXS.TOUSCC.TODifference

Max Drawdown

Largest peak-to-trough decline

-27.42%

-28.48%

+1.06%

Max Drawdown (1Y)

Largest decline over 1 year

-8.74%

-6.71%

-2.03%

Max Drawdown (3Y)

Largest decline over 3 years

-18.98%

-17.55%

-1.43%

Max Drawdown (5Y)

Largest decline over 5 years

-22.63%

-17.55%

-5.08%

Max Drawdown (10Y)

Largest decline over 10 years

-27.42%

-28.48%

+1.06%

Current Drawdown

Current decline from peak

-0.27%

0.00%

-0.27%

Average Drawdown

Average peak-to-trough decline

-3.54%

-3.46%

-0.08%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.30%

1.63%

+0.67%

Volatility

HXS.TO vs. USCC.TO - Volatility Comparison

Global X S&P 500 Index Corporate Class ETF (HXS.TO) has a higher volatility of 3.27% compared to Global X S&P 500 Covered Call ETF (USCC.TO) at 2.12%. This indicates that HXS.TO's price experiences larger fluctuations and is considered to be riskier than USCC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

HXS.TOUSCC.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.27%

2.12%

+1.15%

Volatility (6M)

Calculated over the trailing 6-month period

8.83%

7.45%

+1.38%

Volatility (1Y)

Calculated over the trailing 1-year period

11.85%

9.32%

+2.53%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.13%

14.97%

+0.16%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.53%

17.36%

-0.83%

HXS.TO vs. USCC.TO - Expense Ratio Comparison

HXS.TO has a 0.10% expense ratio, which is lower than USCC.TO's 0.49% expense ratio.

Dividends

HXS.TO vs. USCC.TO - Dividend Comparison

HXS.TO has not paid dividends to shareholders, while USCC.TO's dividend yield for the trailing twelve months is around 9.56%.

PositionTTM20252024202320222021202020192018201720162015
HXS.TO
Global X S&P 500 Index Corporate Class ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
USCC.TO
Global X S&P 500 Covered Call ETF		9.56%10.20%9.65%8.50%7.94%4.02%3.85%3.89%4.76%4.29%4.68%4.78%

Frequently Asked Questions

With a correlation of 0.93, HXS.TO and USCC.TO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

On fees, HXS.TO is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

HXS.TO is cheaper with a 0.10% expense ratio, compared with 0.49% for USCC.TO.

HXS.TO is categorized as S&P 500, while USCC.TO is Derivative Income. Their fees differ too: 0.10% for HXS.TO and 0.49% for USCC.TO.

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