PLYY vs. USCL.TO

Last updated Jun 4, 2026

PLYY (GraniteShares YieldBoost PLTR ETF) and USCL.TO (Global X Enhanced S&P 500 Covered Call ETF) are both Derivative Income funds. Both are actively managed. At a 0.41 correlation, their price movements are largely independent. PLYY charges 1.07%/yr vs 0.04%/yr for USCL.TO.

Performance

PLYY vs. USCL.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares YieldBoost PLTR ETF (PLYY) and Global X Enhanced S&P 500 Covered Call ETF (USCL.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

PLYY is traded in USD, while USCL.TO is traded in CAD. To make them comparable, the USCL.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, PLYY achieves a -23.83% return, which is significantly lower than USCL.TO's 10.19% return.

PLYY

• 1D: -1.20%
• 1M: -8.23%
• YTD: -23.83%
• 6M: -25.34%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

USCL.TO

• 1D: -0.48%
• 1M: 5.45%
• YTD: 10.19%
• 6M: 10.36%
• 1Y: 28.23%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PLYY vs. USCL.TO - Yearly Performance Comparison

	2026 (YTD)	2025
PLYY GraniteShares YieldBoost PLTR ETF	-23.83%	-3.53%
USCL.TO Global X Enhanced S&P 500 Covered Call ETF	10.19%	4.09%

Correlation

The correlation between PLYY and USCL.TO is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 24, 2025	0.41

Return for Risk

PLYY vs. USCL.TO — Risk / Return Rank

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

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.

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

This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBoost PLTR ETF (PLYY) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	PLYY	USCL.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.44	—
Sharpe Ratio (All Time) Calculated using the full available price history	-1.21	1.29	-2.50

Drawdowns

PLYY vs. USCL.TO - Drawdown Comparison

The maximum PLYY drawdown since its inception was -33.93%, which is greater than USCL.TO's maximum drawdown of -21.35%. Use the drawdown chart below to compare losses from any high point for PLYY and USCL.TO.

Drawdown Indicators

	PLYY	USCL.TO	Difference
Max Drawdown Largest peak-to-trough decline	-33.93%	-21.35%	-12.58%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.96%	—
Current Drawdown Current decline from peak	-33.86%	-0.48%	-33.38%
Average Drawdown Average peak-to-trough decline	-18.04%	-2.18%	-15.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.75%	—

Volatility

Volatility by Period

	PLYY	USCL.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.99%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.30%	—
Volatility (1Y) Calculated over the trailing 1-year period	29.86%	11.63%	+18.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.86%	15.65%	+14.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.86%	15.65%	+14.21%

PLYY vs. USCL.TO - Expense Ratio Comparison

PLYY has a 1.07% expense ratio, which is higher than USCL.TO's 0.04% expense ratio.

Dividends

PLYY vs. USCL.TO - Dividend Comparison

PLYY's dividend yield for the trailing twelve months is around 110.96%, more than USCL.TO's 11.95% yield.

Position	TTM	2025	2024	2023
PLYY GraniteShares YieldBoost PLTR ETF	110.96%	32.14%	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 PLYY and USCL.TO in my portfolio?

PLYY and USCL.TO have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

USCL.TO is cheaper with a 0.04% expense ratio, compared with 1.07% for PLYY.

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

They also come from different issuers: GraniteShares and Global X. Their fees differ too: 1.07% for PLYY and 0.04% for USCL.TO.