TGED.TO vs. USCC.TO

Last updated Apr 1, 2026

Compare and contrast key facts about TD Active Global Enhanced Dividend ETF (TGED.TO) and Global X S&P 500 Covered Call ETF (USCC.TO).

TGED.TO and USCC.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TGED.TO is an actively managed fund by TD. It was launched on Mar 29, 2022. USCC.TO is an actively managed fund by Global X. It was launched on Sep 13, 2011.

Performance

TGED.TO vs. USCC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in TD Active Global Enhanced Dividend ETF (TGED.TO) and Global X S&P 500 Covered Call ETF (USCC.TO). The values are adjusted to include any dividend payments, if applicable.

TGED.TO vs. USCC.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
TGED.TO TD Active Global Enhanced Dividend ETF	-0.04%	10.63%	38.60%	23.33%	-14.27%	20.42%	19.17%	10.07%
USCC.TO Global X S&P 500 Covered Call ETF	-2.45%	9.20%	31.13%	13.91%	-10.22%	20.61%	9.31%	2.11%

Returns By Period

In the year-to-date period, TGED.TO achieves a -0.04% return, which is significantly higher than USCC.TO's -2.45% return.

TGED.TO

• 1D: 3.14%
• 1M: -6.47%
• YTD: -0.04%
• 6M: -1.87%
• 1Y: 15.82%
• 3Y*: 20.43%
• 5Y*: 13.68%
• 10Y*: —

USCC.TO

• 1D: 1.61%
• 1M: -3.37%
• YTD: -2.45%
• 6M: -0.76%
• 1Y: 10.07%
• 3Y*: 14.49%
• 5Y*: 9.51%
• 10Y*: 10.31%

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

TGED.TO vs. USCC.TO - Expense Ratio Comparison

TGED.TO has a 0.72% expense ratio, which is higher than USCC.TO's 0.49% expense ratio.

TGED.TO

TD Active Global Enhanced Dividend ETF

USCC.TO

Global X S&P 500 Covered Call ETF

Return for Risk

TGED.TO vs. USCC.TO — Risk / Return Rank

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

TGED.TO

TGED.TO Risk / Return Rank: 47
TGED.TO Sharpe Ratio Rank: 45
TGED.TO Sortino Ratio Rank: 44
TGED.TO Omega Ratio Rank: 45
TGED.TO Calmar Ratio Rank: 52
TGED.TO Martin Ratio Rank: 48

USCC.TO

USCC.TO Risk / Return Rank: 37
USCC.TO Sharpe Ratio Rank: 33
USCC.TO Sortino Ratio Rank: 33
USCC.TO Omega Ratio Rank: 41
USCC.TO Calmar Ratio Rank: 37
USCC.TO Martin Ratio Rank: 42

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.

TGED.TO vs. USCC.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TD Active Global Enhanced Dividend ETF (TGED.TO) and Global X S&P 500 Covered Call ETF (USCC.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.

	TGED.TO	USCC.TO	Difference
Sharpe ratio Return per unit of total volatility	0.82	0.62	+0.20
Sortino ratio Return per unit of downside risk	1.20	0.96	+0.25
Omega ratio Gain probability vs. loss probability	1.18	1.16	+0.01
Calmar ratio Return relative to maximum drawdown	1.33	0.94	+0.38
Martin ratio Return relative to average drawdown	4.69	3.94	+0.75
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TGED.TO vs. USCC.TO - Sharpe Ratio Comparison

The current TGED.TO Sharpe Ratio is 0.82, which is higher than the USCC.TO Sharpe Ratio of 0.62. The chart below compares the historical Sharpe Ratios of TGED.TO and USCC.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TGED.TO	USCC.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.82	0.62	+0.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.89	0.79	+0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.88	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.88	0.87	+0.01

Correlation

The correlation between TGED.TO and USCC.TO is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

TGED.TO vs. USCC.TO - Dividend Comparison

TGED.TO's dividend yield for the trailing twelve months is around 3.88%, less than USCC.TO's 9.61% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TGED.TO TD Active Global Enhanced Dividend ETF	3.88%	3.79%	3.01%	3.97%	4.70%	3.44%	3.63%	2.54%	0.00%	0.00%	0.00%	0.00%
USCC.TO Global X S&P 500 Covered Call ETF	9.61%	10.20%	9.65%	8.50%	7.94%	4.02%	3.85%	3.89%	4.76%	4.29%	4.68%	4.78%

Drawdowns

TGED.TO vs. USCC.TO - Drawdown Comparison

The maximum TGED.TO drawdown since its inception was -26.19%, smaller than the maximum USCC.TO drawdown of -28.48%. Use the drawdown chart below to compare losses from any high point for TGED.TO and USCC.TO.

Drawdown Indicators

	TGED.TO	USCC.TO	Difference
Max Drawdown Largest peak-to-trough decline	-26.19%	-28.48%	+2.29%
Max Drawdown (1Y) Largest decline over 1 year	-12.29%	-11.92%	-0.37%
Max Drawdown (5Y) Largest decline over 5 years	-23.05%	-17.55%	-5.50%
Max Drawdown (10Y) Largest decline over 10 years	—	-28.48%	—
Current Drawdown Current decline from peak	-7.95%	-5.05%	-2.90%
Average Drawdown Average peak-to-trough decline	-4.74%	-3.51%	-1.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.48%	2.86%	+0.62%

Volatility

TGED.TO vs. USCC.TO - Volatility Comparison

TD Active Global Enhanced Dividend ETF (TGED.TO) has a higher volatility of 7.44% compared to Global X S&P 500 Covered Call ETF (USCC.TO) at 4.59%. This indicates that TGED.TO's price experiences larger fluctuations and is considered to be riskier than USCC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TGED.TO	USCC.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.44%	4.59%	+2.85%
Volatility (6M) Calculated over the trailing 6-month period	12.56%	7.71%	+4.85%
Volatility (1Y) Calculated over the trailing 1-year period	19.39%	16.30%	+3.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.53%	15.15%	+0.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.69%	17.40%	-0.71%