TTP.TO vs. CNCC.TO

Last updated Jun 4, 2026

TTP.TO (TD Canadian Equity Index ETF) and CNCC.TO (Global X Canadian S&P/TSX 60 Covered Call ETF) are both exchange-traded funds - TTP.TO is a Canada Equities fund tracking the Solactive Canada Broad Market Index, while CNCC.TO is a Options Trading fund tracking the S&P/TSX 60. Both are passively managed. Over the past 10 years, TTP.TO returned 12.63%/yr vs 8.54%/yr for CNCC.TO. A 0.65 correlation means they provide meaningful diversification when combined.

Performance

TTP.TO vs. CNCC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in TD Canadian Equity Index ETF (TTP.TO) and Global X Canadian S&P/TSX 60 Covered Call ETF (CNCC.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TTP.TO achieves a 10.77% return, which is significantly higher than CNCC.TO's 7.92% return. Over the past 10 years, TTP.TO has outperformed CNCC.TO with an annualized return of 12.63%, while CNCC.TO has yielded a comparatively lower 8.54% annualized return.

TTP.TO

• 1D: -1.04%
• 1M: 3.62%
• YTD: 10.77%
• 6M: 13.11%
• 1Y: 34.96%
• 3Y*: 23.56%
• 5Y*: 14.98%
• 10Y*: 12.63%

CNCC.TO

• 1D: -0.56%
• 1M: 3.40%
• YTD: 7.92%
• 6M: 9.38%
• 1Y: 23.33%
• 3Y*: 16.04%
• 5Y*: 10.32%
• 10Y*: 8.54%

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

TTP.TO vs. CNCC.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TTP.TO TD Canadian Equity Index ETF	10.77%	31.96%	20.92%	11.66%	-5.76%	25.31%	6.32%	22.15%	-9.16%	8.79%
CNCC.TO Global X Canadian S&P/TSX 60 Covered Call ETF	7.92%	19.53%	14.81%	7.07%	-4.03%	30.41%	-5.31%	9.89%	-6.18%	6.57%

Correlation

The correlation between TTP.TO and CNCC.TO is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (10Y) Calculated over the trailing 10-year period	0.65
Correlation (All Time) Calculated using the full available price history since Mar 31, 2016	0.65

Over the past year, TTP.TO and CNCC.TO have become more correlated (0.95) than their long-term average of 0.65, meaning their price movements have been converging.

TTP.TO vs. CNCC.TO - Sectors Allocation Comparison

Sectors	TTP.TO	CNCC.TO
Financial Services	33.2%	37.2%
Energy	18.3%	19.1%
Basic Materials	17.9%	14.6%
Industrials	10.5%	7.8%
Technology	7.3%	8.7%
Consumer Cyclical	3.7%	4.1%
Consumer Defensive	2.9%	3.4%
Utilities	2.7%	2.8%
Communication Services	1.8%	2.2%
Real Estate	1.6%	0.2%
Healthcare	0.2%	-

Return for Risk

TTP.TO vs. CNCC.TO — Risk / Return Rank

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

TTP.TO

TTP.TO Risk / Return Rank: 80
TTP.TO Sharpe Ratio Rank: 83
TTP.TO Sortino Ratio Rank: 78
TTP.TO Omega Ratio Rank: 82
TTP.TO Calmar Ratio Rank: 73
TTP.TO Martin Ratio Rank: 83

CNCC.TO

CNCC.TO Risk / Return Rank: 81
CNCC.TO Sharpe Ratio Rank: 79
CNCC.TO Sortino Ratio Rank: 79
CNCC.TO Omega Ratio Rank: 84
CNCC.TO Calmar Ratio Rank: 76
CNCC.TO Martin Ratio Rank: 87

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.

TTP.TO vs. CNCC.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TD Canadian Equity Index ETF (TTP.TO) and Global X Canadian S&P/TSX 60 Covered Call ETF (CNCC.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.

	TTP.TO	CNCC.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.76	2.56	+0.19
Sortino ratio: Return per unit of downside risk	3.55	3.51	+0.04
Omega ratio: Gain probability vs. loss probability	1.50	1.51	-0.01
Calmar ratio: Return relative to maximum drawdown	3.72	3.79	-0.07
Martin ratio: Return relative to average drawdown	17.19	18.94	-1.74
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TTP.TO vs. CNCC.TO - Sharpe Ratio Comparison

The current TTP.TO Sharpe Ratio is 2.76, which is comparable to the CNCC.TO Sharpe Ratio of 2.56. The chart below compares the historical Sharpe Ratios of TTP.TO and CNCC.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

	TTP.TO	CNCC.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.76	2.56	+0.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.14	0.83	+0.31
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.86	0.58	+0.27
Sharpe Ratio (All Time) Calculated using the full available price history	0.88	0.00	+0.88

Drawdowns

TTP.TO vs. CNCC.TO - Drawdown Comparison

The maximum TTP.TO drawdown since its inception was -37.03%, roughly equal to the maximum CNCC.TO drawdown of -38.22%. Use the drawdown chart below to compare losses from any high point for TTP.TO and CNCC.TO.

Drawdown Indicators

	TTP.TO	CNCC.TO	Difference
Max Drawdown Largest peak-to-trough decline	-37.03%	-38.22%	+1.19%
Max Drawdown (1Y) Largest decline over 1 year	-9.43%	-6.18%	-3.25%
Max Drawdown (3Y) Largest decline over 3 years	-12.21%	-11.11%	-1.10%
Max Drawdown (5Y) Largest decline over 5 years	-16.44%	-16.01%	-0.43%
Max Drawdown (10Y) Largest decline over 10 years	-37.03%	-38.22%	+1.19%
Current Drawdown Current decline from peak	-1.04%	-0.56%	-0.48%
Average Drawdown Average peak-to-trough decline	-3.34%	-6.17%	+2.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.04%	1.24%	+0.80%

Volatility

TTP.TO vs. CNCC.TO - Volatility Comparison

TD Canadian Equity Index ETF (TTP.TO) has a higher volatility of 3.40% compared to Global X Canadian S&P/TSX 60 Covered Call ETF (CNCC.TO) at 2.54%. This indicates that TTP.TO's price experiences larger fluctuations and is considered to be riskier than CNCC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TTP.TO	CNCC.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.40%	2.54%	+0.86%
Volatility (6M) Calculated over the trailing 6-month period	10.37%	7.68%	+2.69%
Volatility (1Y) Calculated over the trailing 1-year period	12.74%	9.14%	+3.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.20%	12.44%	+0.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.85%	14.79%	+0.06%

Dividends

TTP.TO vs. CNCC.TO - Dividend Comparison

TTP.TO's dividend yield for the trailing twelve months is around 1.88%, less than CNCC.TO's 7.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CNCC.TO Global X Canadian S&P/TSX 60 Covered Call ETF	7.00%	7.59%	9.68%	10.07%	9.93%	5.28%	5.53%	5.33%	6.06%	5.52%	5.24%	8.54%
TTP.TO TD Canadian Equity Index ETF	1.88%	2.06%	2.56%	2.91%	3.68%	1.86%	2.84%	2.09%	2.89%	2.32%	1.85%	0.00%

Frequently Asked Questions

Can I hold both TTP.TO and CNCC.TO in my portfolio?

With a correlation of 0.95, TTP.TO and CNCC.TO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

What is the main difference between TTP.TO and CNCC.TO?

TTP.TO is categorized as Canada Equities, while CNCC.TO is Options Trading. TTP.TO tracks Solactive Canada Broad Market Index, while CNCC.TO tracks S&P/TSX 60. They also come from different issuers: TD and Global X.