MART.TO vs. USCL.TO

Last updated Jun 4, 2026

MART.TO (Global X Equal Weight Canadian Groceries & Staples Index ETF) and USCL.TO (Global X Enhanced S&P 500 Covered Call ETF) are both exchange-traded funds - MART.TO is a Consumer Staples Equities fund tracking the Mirae Asset Equal Weight Canadian Groceries & Staples Index, while USCL.TO is a Derivative Income fund actively managed by Global X. MART.TO is passively managed, while USCL.TO is actively managed. Over the past year, MART.TO returned -1.21% vs 29.89% for USCL.TO. At a 0.05 correlation, their price movements are largely independent. MART.TO charges 0.35%/yr vs 0.04%/yr for USCL.TO.

Performance

MART.TO vs. USCL.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X Equal Weight Canadian Groceries & Staples Index ETF (MART.TO) and Global X Enhanced S&P 500 Covered Call ETF (USCL.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MART.TO achieves a -3.21% return, which is significantly lower than USCL.TO's 11.57% return.

MART.TO

• 1D: 1.38%
• 1M: 1.51%
• YTD: -3.21%
• 6M: -2.52%
• 1Y: -1.21%
• 3Y*: —
• 5Y*: —
• 10Y*: —

USCL.TO

• 1D: -0.08%
• 1M: 7.59%
• YTD: 11.57%
• 6M: 9.93%
• 1Y: 29.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MART.TO vs. USCL.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MART.TO Global X Equal Weight Canadian Groceries & Staples Index ETF	-3.21%	18.73%	1.89%
USCL.TO Global X Enhanced S&P 500 Covered Call ETF	11.57%	10.03%	2.80%

Correlation

The correlation between MART.TO and USCL.TO is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.01
Correlation (All Time) Calculated using the full available price history since Nov 11, 2024	0.05

Return for Risk

MART.TO vs. USCL.TO — Risk / Return Rank

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

MART.TO

MART.TO Risk / Return Rank: 8
MART.TO Sharpe Ratio Rank: 8
MART.TO Sortino Ratio Rank: 8
MART.TO Omega Ratio Rank: 8
MART.TO Calmar Ratio Rank: 8
MART.TO Martin Ratio Rank: 8

USCL.TO

USCL.TO Risk / Return Rank: 75
USCL.TO Sharpe Ratio Rank: 77
USCL.TO Sortino Ratio Rank: 75
USCL.TO Omega Ratio Rank: 80
USCL.TO Calmar Ratio Rank: 70
USCL.TO Martin Ratio Rank: 75

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.

MART.TO vs. USCL.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Equal Weight Canadian Groceries & Staples Index ETF (MART.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.

	MART.TO	USCL.TO	Difference
Sharpe ratio: Return per unit of total volatility	-0.08	2.55	-2.63
Sortino ratio: Return per unit of downside risk	0.01	3.43	-3.42
Omega ratio: Gain probability vs. loss probability	1.00	1.49	-0.49
Calmar ratio: Return relative to maximum drawdown	-0.13	3.51	-3.64
Martin ratio: Return relative to average drawdown	-0.25	14.29	-14.55
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MART.TO vs. USCL.TO - Sharpe Ratio Comparison

The current MART.TO Sharpe Ratio is -0.08, which is lower than the USCL.TO Sharpe Ratio of 2.55. The chart below compares the historical Sharpe Ratios of MART.TO and USCL.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

	MART.TO	USCL.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.08	2.55	-2.63
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	1.42	-0.75

Drawdowns

MART.TO vs. USCL.TO - Drawdown Comparison

The maximum MART.TO drawdown since its inception was -9.38%, smaller than the maximum USCL.TO drawdown of -21.85%. Use the drawdown chart below to compare losses from any high point for MART.TO and USCL.TO.

Drawdown Indicators

	MART.TO	USCL.TO	Difference
Max Drawdown Largest peak-to-trough decline	-9.38%	-21.85%	+12.47%
Max Drawdown (1Y) Largest decline over 1 year	-9.38%	-8.56%	-0.82%
Current Drawdown Current decline from peak	-6.89%	-0.08%	-6.81%
Average Drawdown Average peak-to-trough decline	-3.36%	-2.55%	-0.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.80%	2.10%	+2.70%

Volatility

MART.TO vs. USCL.TO - Volatility Comparison

Global X Equal Weight Canadian Groceries & Staples Index ETF (MART.TO) has a higher volatility of 3.75% compared to Global X Enhanced S&P 500 Covered Call ETF (USCL.TO) at 2.86%. This indicates that MART.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.

Volatility by Period

	MART.TO	USCL.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.75%	2.86%	+0.89%
Volatility (6M) Calculated over the trailing 6-month period	12.36%	9.31%	+3.05%
Volatility (1Y) Calculated over the trailing 1-year period	16.11%	11.79%	+4.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.01%	15.44%	+0.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.01%	15.44%	+0.57%

MART.TO vs. USCL.TO - Expense Ratio Comparison

MART.TO has a 0.35% expense ratio, which is higher than USCL.TO's 0.04% expense ratio.

Dividends

MART.TO vs. USCL.TO - Dividend Comparison

MART.TO's dividend yield for the trailing twelve months is around 0.27%, less than USCL.TO's 11.95% yield.

Position	TTM	2025	2024	2023
MART.TO Global X Equal Weight Canadian Groceries & Staples Index ETF	0.27%	0.26%	0.00%	0.00%
USCL.TO Global X Enhanced S&P 500 Covered Call ETF	11.95%	12.94%	11.57%	7.08%

Frequently Asked Questions

Can I hold both MART.TO and USCL.TO in my portfolio?

MART.TO and USCL.TO have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MART.TO or USCL.TO?

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.

Which ETF is cheaper, MART.TO or USCL.TO?

USCL.TO is cheaper with a 0.04% expense ratio, compared with 0.35% for MART.TO.

What is the main difference between MART.TO and USCL.TO?

MART.TO is categorized as Consumer Staples Equities, while USCL.TO is Derivative Income. Their fees differ too: 0.35% for MART.TO and 0.04% for USCL.TO.