PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
USCC-U.TO vs. EQL.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

USCC-U.TO vs. EQL.TO

Last updated Jul 16, 2026
Documentation

USCC-U.TO (Global X S&P 500 Covered Call ETF) and EQL.TO (Invesco S&P 500 Equal Weight Index ETF CAD) are both S&P 500 funds. USCC-U.TO is actively managed, while EQL.TO is passively managed. Over the past 5 years, USCC-U.TO returned 9.76%/yr vs 8.71%/yr for EQL.TO. At a 0.34 correlation, their price movements are largely independent.

Performance

USCC-U.TO vs. EQL.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X S&P 500 Covered Call ETF (USCC-U.TO) and Invesco S&P 500 Equal Weight Index ETF CAD (EQL.TO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Different Trading Currencies

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

Returns By Period

In the year-to-date period, USCC-U.TO achieves a 7.58% return, which is significantly lower than EQL.TO's 11.37% return.

USCC-U.TO

1D
0.13%
1M
1.98%
6M
7.58%
YTD
7.58%
1Y
19.02%
3Y*
16.01%
5Y*
9.76%
10Y*
11.82%

EQL.TO

1D
0.25%
1M
-0.00%
6M
7.77%
YTD
11.37%
1Y
18.08%
3Y*
12.99%
5Y*
8.71%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

USCC-U.TO vs. EQL.TO - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
USCC-U.TO
Global X S&P 500 Covered Call ETF		7.58%14.45%22.34%20.53%-14.60%24.15%12.82%21.80%-4.63%
EQL.TO
Invesco S&P 500 Equal Weight Index ETF CAD		11.37%11.01%12.30%14.07%-11.83%28.61%13.16%27.89%-8.63%

Correlation

The correlation between USCC-U.TO and EQL.TO is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.35

Correlation (3Y)
Calculated over the trailing 3-year period

0.44

Correlation (5Y)
Calculated over the trailing 5-year period

0.42

Correlation (All Time)
Calculated using the full available price history since May 30, 2018

0.34

The correlation between USCC-U.TO and EQL.TO shifts across timeframes, from 0.34 (all time) to 0.44 (3 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Global X S&P 500 Covered Call ETF

Invesco S&P 500 Equal Weight Index ETF CAD

Often compared with EQL.TO:
EQL.TO vs. VFV.TOEQL.TO vs. ZDJ.TOEQL.TO vs. ZSP.TOEQL.TO vs. XMAGEQL.TO vs. SPXTEQL.TO vs. VIU.TOEQL.TO vs. XGI.TO

Return for Risk

USCC-U.TO vs. EQL.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
USCC-U.TO
USCC-U.TO Risk / Return Rank: 7171
Overall Rank
USCC-U.TO Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
USCC-U.TO Sortino Ratio Rank: 7070
Sortino Ratio Rank
USCC-U.TO Omega Ratio Rank: 7979
Omega Ratio Rank
USCC-U.TO Calmar Ratio Rank: 6161
Calmar Ratio Rank
USCC-U.TO Martin Ratio Rank: 7474
Martin Ratio Rank
EQL.TO
EQL.TO Risk / Return Rank: 7070
Overall Rank
EQL.TO Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
EQL.TO Sortino Ratio Rank: 6969
Sortino Ratio Rank
EQL.TO Omega Ratio Rank: 6363
Omega Ratio Rank
EQL.TO Calmar Ratio Rank: 7676
Calmar Ratio Rank
EQL.TO Martin Ratio Rank: 7575
Martin Ratio Rank
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.

USCC-U.TO vs. EQL.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X S&P 500 Covered Call ETF (USCC-U.TO) and Invesco S&P 500 Equal Weight Index ETF CAD (EQL.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.

USCC-U.TOEQL.TODifference
Sharpe ratioReturn per unit of total volatility
1.87
1.44

+0.43

Sortino ratioReturn per unit of downside risk
2.56
2.08

+0.48

Omega ratioGain probability vs. loss probability

1.37

1.25

+0.12

Calmar ratioReturn relative to maximum drawdown

2.47

2.34

+0.14

Martin ratioReturn relative to average drawdown

10.91

8.70

+2.22

USCC-U.TO vs. EQL.TO - Sharpe Ratio Comparison

The current USCC-U.TO Sharpe Ratio is 1.87, which is comparable to the EQL.TO Sharpe Ratio of 1.44. The chart below compares the historical Sharpe Ratios of USCC-U.TO and EQL.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.

Loading charts...

Drawdowns

USCC-U.TO vs. EQL.TO - Drawdown Comparison

The maximum USCC-U.TO drawdown since its inception was -41.14%, which is greater than EQL.TO's maximum drawdown of -38.74%. Use the drawdown chart below to compare losses from any high point for USCC-U.TO and EQL.TO.

Loading charts...

Drawdown Indicators

USCC-U.TOEQL.TODifference

Max Drawdown

Largest peak-to-trough decline

-41.14%

-38.74%

-2.40%

Max Drawdown (1Y)

Largest decline over 1 year

-7.72%

-7.77%

+0.05%

Max Drawdown (3Y)

Largest decline over 3 years

-17.00%

-18.10%

+1.10%

Max Drawdown (5Y)

Largest decline over 5 years

-23.14%

-20.69%

-2.45%

Max Drawdown (10Y)

Largest decline over 10 years

-41.14%

—

—

Current Drawdown

Current decline from peak

-0.70%

-1.72%

+1.02%

Average Drawdown

Average peak-to-trough decline

-5.21%

-5.12%

-0.09%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.75%

2.08%

-0.33%

Volatility

USCC-U.TO vs. EQL.TO - Volatility Comparison

Global X S&P 500 Covered Call ETF (USCC-U.TO) and Invesco S&P 500 Equal Weight Index ETF CAD (EQL.TO) have volatilities of 2.94% and 2.86%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

USCC-U.TOEQL.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.94%

2.86%

+0.08%

Volatility (6M)

Calculated over the trailing 6-month period

8.28%

9.51%

-1.23%

Volatility (1Y)

Calculated over the trailing 1-year period

10.24%

12.70%

-2.46%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.73%

15.60%

-0.87%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.43%

18.24%

+6.19%

Dividends

USCC-U.TO vs. EQL.TO - Dividend Comparison

USCC-U.TO's dividend yield for the trailing twelve months is around 9.66%, more than EQL.TO's 1.26% yield.

PositionTTM20252024202320222021202020192018201720162015
EQL.TO
Invesco S&P 500 Equal Weight Index ETF CAD		1.26%1.38%1.29%1.39%1.51%1.30%2.00%1.49%1.35%0.00%0.00%0.00%
USCC-U.TO
Global X S&P 500 Covered Call ETF		9.66%9.88%10.20%11.22%10.76%5.11%4.95%5.09%6.49%5.36%5.62%6.13%

Frequently Asked Questions

USCC-U.TO and EQL.TO have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

They also come from different issuers: Global X and Invesco.

Portfolio Optimizer

Find the right allocation for USCC-U.TO and EQL.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