IDVO vs. GLCC.TO

Last updated Jun 9, 2026

IDVO (Amplify CWP International Enhanced Dividend Income ETF) and GLCC.TO (Global X Gold Producer Equity Covered Call ETF) are both Derivative Income funds. Both are actively managed. Over the past 3 years, IDVO returned 22.06%/yr vs 36.72%/yr for GLCC.TO. At a 0.40 correlation, their price movements are largely independent. IDVO charges 0.65%/yr vs 0.79%/yr for GLCC.TO.

Performance

IDVO vs. GLCC.TO - Performance Comparison

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

Different Trading Currencies

IDVO 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, IDVO achieves a 11.49% return, which is significantly higher than GLCC.TO's -8.31% return.

IDVO

• 1D: 0.24%
• 1M: -2.10%
• YTD: 11.49%
• 6M: 12.59%
• 1Y: 31.78%
• 3Y*: 22.06%
• 5Y*: —
• 10Y*: —

GLCC.TO

• 1D: -0.67%
• 1M: -16.07%
• YTD: -8.31%
• 6M: -0.61%
• 1Y: 48.35%
• 3Y*: 36.72%
• 5Y*: 16.68%
• 10Y*: 12.60%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IDVO vs. GLCC.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
IDVO Amplify CWP International Enhanced Dividend Income ETF	11.49%	36.46%	10.16%	17.53%	5.47%
GLCC.TO Global X Gold Producer Equity Covered Call ETF	-8.31%	148.79%	10.80%	8.78%	18.43%

Correlation

The correlation between IDVO and GLCC.TO is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (3Y) Calculated over the trailing 3-year period	0.42
Correlation (All Time) Calculated using the full available price history since Sep 9, 2022	0.40

IDVO vs. GLCC.TO - Sectors Allocation Comparison

Sectors	IDVO	GLCC.TO
Financial Services	18.3%	-
Basic Materials	15.7%	100.0%
Energy	12.1%	-
Industrials	9.8%	-
Communication Services	9.1%	-
Technology	8.7%	-
Healthcare	8.3%	-
Consumer Defensive	7.5%	-
Utilities	6.4%	-
Consumer Cyclical	4.2%	-
Real Estate	-	-

Return for Risk

IDVO vs. GLCC.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IDVO

IDVO Risk / Return Rank: 67
IDVO Sharpe Ratio Rank: 67
IDVO Sortino Ratio Rank: 64
IDVO Omega Ratio Rank: 67
IDVO Calmar Ratio Rank: 68
IDVO Martin Ratio Rank: 70

GLCC.TO

GLCC.TO Risk / Return Rank: 37
GLCC.TO Sharpe Ratio Rank: 37
GLCC.TO Sortino Ratio Rank: 33
GLCC.TO Omega Ratio Rank: 40
GLCC.TO Calmar Ratio Rank: 40
GLCC.TO Martin Ratio Rank: 34

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.

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

This table presents a comparison of risk-adjusted performance metrics for Amplify CWP International Enhanced Dividend Income ETF (IDVO) 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.

	IDVO	GLCC.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.00	1.13	+0.86
Sortino ratio: Return per unit of downside risk	2.67	1.56	+1.11
Omega ratio: Gain probability vs. loss probability	1.36	1.22	+0.14
Calmar ratio: Return relative to maximum drawdown	3.08	1.64	+1.44
Martin ratio: Return relative to average drawdown	11.84	4.34	+7.51
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IDVO vs. GLCC.TO - Sharpe Ratio Comparison

The current IDVO Sharpe Ratio is 2.00, which is higher than the GLCC.TO Sharpe Ratio of 1.13. The chart below compares the historical Sharpe Ratios of IDVO and GLCC.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.

Sharpe Ratios by Period

	IDVO	GLCC.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.00	1.13	+0.86
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.51	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.39	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.32	-0.03	+1.35

Drawdowns

IDVO vs. GLCC.TO - Drawdown Comparison

The maximum IDVO drawdown since its inception was -15.46%, smaller than the maximum GLCC.TO drawdown of -87.15%. Use the drawdown chart below to compare losses from any high point for IDVO and GLCC.TO.

Drawdown Indicators

	IDVO	GLCC.TO	Difference
Max Drawdown Largest peak-to-trough decline	-15.46%	-87.15%	+71.69%
Max Drawdown (1Y) Largest decline over 1 year	-10.37%	-29.57%	+19.20%
Max Drawdown (3Y) Largest decline over 3 years	-15.46%	-29.57%	+14.11%
Max Drawdown (5Y) Largest decline over 5 years	—	-41.98%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-45.72%	—
Current Drawdown Current decline from peak	-3.52%	-29.57%	+26.05%
Average Drawdown Average peak-to-trough decline	-2.30%	-62.45%	+60.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.69%	11.18%	-8.49%

Volatility

IDVO vs. GLCC.TO - Volatility Comparison

The current volatility for Amplify CWP International Enhanced Dividend Income ETF (IDVO) is 5.30%, while Global X Gold Producer Equity Covered Call ETF (GLCC.TO) has a volatility of 14.96%. This indicates that IDVO experiences smaller price fluctuations and is considered to be less risky than GLCC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IDVO	GLCC.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.30%	14.96%	-9.66%
Volatility (6M) Calculated over the trailing 6-month period	13.50%	35.19%	-21.69%
Volatility (1Y) Calculated over the trailing 1-year period	16.02%	42.91%	-26.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.43%	32.88%	-16.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.43%	32.75%	-16.32%

IDVO vs. GLCC.TO - Expense Ratio Comparison

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

Dividends

IDVO vs. GLCC.TO - Dividend Comparison

IDVO's dividend yield for the trailing twelve months is around 5.61%, less than GLCC.TO's 9.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GLCC.TO Global X Gold Producer Equity Covered Call ETF	9.27%	6.01%	10.30%	11.16%	10.08%	6.31%	6.47%	4.58%	5.62%	7.08%	8.75%	2.32%
IDVO Amplify CWP International Enhanced Dividend Income ETF	5.61%	5.42%	6.14%	5.72%	1.96%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IDVO and GLCC.TO in my portfolio?

IDVO and GLCC.TO have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IDVO or GLCC.TO?

On fees, IDVO is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IDVO or GLCC.TO?

IDVO is cheaper with a 0.65% expense ratio, compared with 0.79% for GLCC.TO.

What is the main difference between IDVO and GLCC.TO?

They also come from different issuers: Amplify and Global X. Their fees differ too: 0.65% for IDVO and 0.79% for GLCC.TO.