REIT.TO vs. USCL.TO
REIT.TO (Global X Equal Weight Canadian REITs Index ETF) and USCL.TO (Global X Enhanced S&P 500 Covered Call ETF) are both exchange-traded funds - REIT.TO is a REIT fund tracking the Mirae Asset Equal Weight Canadian REITs Index, while USCL.TO is a Derivative Income fund actively managed by Global X. REIT.TO is passively managed, while USCL.TO is actively managed. Over the past year, REIT.TO returned 20.88% vs 29.35% for USCL.TO. At a 0.28 correlation, their price movements are largely independent.
Performance
REIT.TO vs. USCL.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, REIT.TO achieves a 15.70% return, which is significantly higher than USCL.TO's 14.67% return.
REIT.TO
- 1D
- 0.04%
- 1M
- 4.69%
- 6M
- 15.92%
- YTD
- 15.70%
- 1Y
- 20.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USCL.TO
- 1D
- 0.61%
- 1M
- 4.53%
- 6M
- 14.47%
- YTD
- 14.67%
- 1Y
- 29.35%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
REIT.TO vs. USCL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
REIT.TO Global X Equal Weight Canadian REITs Index ETF | 15.70% | 12.44% |
USCL.TO Global X Enhanced S&P 500 Covered Call ETF | 14.67% | 22.74% |
Correlation
The correlation between REIT.TO and USCL.TO is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Apr 30, 2025 | 0.28 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
REIT.TO vs. USCL.TO — Risk / Return Rank
REIT.TO
USCL.TO
REIT.TO vs. USCL.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Equal Weight Canadian REITs Index ETF (REIT.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| REIT.TO | USCL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | -0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.46 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.92 | 3.44 | -0.52 |
| Martin ratioReturn relative to average drawdown | 8.61 | 13.79 | -5.18 |
Loading charts...
Drawdowns
REIT.TO vs. USCL.TO - Drawdown Comparison
The maximum REIT.TO drawdown since its inception was -7.19%, smaller than the maximum USCL.TO drawdown of -21.85%. Use the drawdown chart below to compare losses from any high point for REIT.TO and USCL.TO.
Loading charts...
Drawdown Indicators
| REIT.TO | USCL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.19% | -21.85% | +14.66% |
Max Drawdown (1Y)Largest decline over 1 year | -7.19% | -8.56% | +1.37% |
Max Drawdown (3Y)Largest decline over 3 years | — | -21.85% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -1.59% | -2.50% | +0.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.43% | 2.13% | +0.30% |
Volatility
REIT.TO vs. USCL.TO - Volatility Comparison
The current volatility for Global X Equal Weight Canadian REITs Index ETF (REIT.TO) is 2.51%, while Global X Enhanced S&P 500 Covered Call ETF (USCL.TO) has a volatility of 4.62%. This indicates that REIT.TO experiences smaller price fluctuations and is considered to be less risky than USCL.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| REIT.TO | USCL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.51% | 4.62% | -2.11% |
Volatility (6M)Calculated over the trailing 6-month period | 9.74% | 10.10% | -0.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.74% | 12.33% | +0.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.85% | 15.63% | -2.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.85% | 15.63% | -2.78% |
Dividends
REIT.TO vs. USCL.TO - Dividend Comparison
REIT.TO's dividend yield for the trailing twelve months is around 4.22%, less than USCL.TO's 11.66% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
REIT.TO Global X Equal Weight Canadian REITs Index ETF | 4.22% | 3.20% | 0.00% | 0.00% |
USCL.TO Global X Enhanced S&P 500 Covered Call ETF | 11.66% | 12.94% | 11.57% | 7.08% |
Frequently Asked Questions
REIT.TO and USCL.TO have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
REIT.TO is categorized as REIT, while USCL.TO is Derivative Income.
Find the right allocation for REIT.TO and USCL.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer