RCDC.TO vs. GOGY.TO
RCDC.TO (RBC Canadian Dividend Covered Call ETF) and GOGY.TO (Harvest Alphabet Enhanced High Income Shares ETF Class A Units) are both Derivative Income funds. Both are actively managed. Over the past year, RCDC.TO returned 29.08% vs 123.99% for GOGY.TO. At a 0.22 correlation, their price movements are largely independent. RCDC.TO charges 0.64%/yr vs 0.40%/yr for GOGY.TO.
Performance
RCDC.TO vs. GOGY.TO - Performance Comparison
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Returns By Period
In the year-to-date period, RCDC.TO achieves a 12.49% return, which is significantly lower than GOGY.TO's 14.33% return.
RCDC.TO
- 1D
- 0.08%
- 1M
- 4.61%
- YTD
- 12.49%
- 6M
- 14.54%
- 1Y
- 29.08%
- 3Y*
- 18.86%
- 5Y*
- —
- 10Y*
- —
GOGY.TO
- 1D
- -0.88%
- 1M
- -5.59%
- YTD
- 14.33%
- 6M
- 10.62%
- 1Y
- 123.99%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RCDC.TO vs. GOGY.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
RCDC.TO RBC Canadian Dividend Covered Call ETF | 12.49% | 20.51% |
GOGY.TO Harvest Alphabet Enhanced High Income Shares ETF Class A Units | 14.33% | 80.98% |
Correlation
The correlation between RCDC.TO and GOGY.TO is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Mar 7, 2025 | 0.22 |
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Return for Risk
RCDC.TO vs. GOGY.TO — Risk / Return Rank
RCDC.TO
GOGY.TO
RCDC.TO vs. GOGY.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RBC Canadian Dividend Covered Call ETF (RCDC.TO) and Harvest Alphabet Enhanced High Income Shares ETF Class A Units (GOGY.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.
| RCDC.TO | GOGY.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.54 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.67 | 1.62 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 5.38 | 6.19 | -0.81 |
| Martin ratioReturn relative to average drawdown | 26.80 | 22.77 | +4.03 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RCDC.TO | GOGY.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.54 | 4.08 | -0.54 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.50 | 2.31 | -0.81 |
Drawdowns
RCDC.TO vs. GOGY.TO - Drawdown Comparison
The maximum RCDC.TO drawdown since its inception was -10.88%, smaller than the maximum GOGY.TO drawdown of -20.87%. Use the drawdown chart below to compare losses from any high point for RCDC.TO and GOGY.TO.
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Drawdown Indicators
| RCDC.TO | GOGY.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.88% | -20.87% | +9.99% |
Max Drawdown (1Y)Largest decline over 1 year | -5.43% | -20.14% | +14.71% |
Max Drawdown (3Y)Largest decline over 3 years | -10.88% | — | — |
Current DrawdownCurrent decline from peak | -0.19% | -10.57% | +10.38% |
Average DrawdownAverage peak-to-trough decline | -1.87% | -5.07% | +3.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.09% | 5.47% | -4.38% |
Volatility
RCDC.TO vs. GOGY.TO - Volatility Comparison
The current volatility for RBC Canadian Dividend Covered Call ETF (RCDC.TO) is 2.49%, while Harvest Alphabet Enhanced High Income Shares ETF Class A Units (GOGY.TO) has a volatility of 9.16%. This indicates that RCDC.TO experiences smaller price fluctuations and is considered to be less risky than GOGY.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RCDC.TO | GOGY.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.49% | 9.16% | -6.67% |
Volatility (6M)Calculated over the trailing 6-month period | 6.71% | 21.42% | -14.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.25% | 30.67% | -22.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.15% | 34.61% | -24.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.15% | 34.61% | -24.46% |
RCDC.TO vs. GOGY.TO - Expense Ratio Comparison
RCDC.TO has a 0.64% expense ratio, which is higher than GOGY.TO's 0.40% expense ratio.
Dividends
RCDC.TO vs. GOGY.TO - Dividend Comparison
RCDC.TO's dividend yield for the trailing twelve months is around 6.33%, less than GOGY.TO's 12.78% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
GOGY.TO Harvest Alphabet Enhanced High Income Shares ETF Class A Units | 12.78% | 8.04% | 0.00% | 0.00% |
RCDC.TO RBC Canadian Dividend Covered Call ETF | 6.33% | 6.38% | 6.46% | 6.49% |
Frequently Asked Questions
RCDC.TO and GOGY.TO have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GOGY.TO is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GOGY.TO is cheaper with a 0.40% expense ratio, compared with 0.64% for RCDC.TO.
They also come from different issuers: RBC and Harvest. Their fees differ too: 0.64% for RCDC.TO and 0.40% for GOGY.TO.
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