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USCC-U.TO vs. HBNK.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

USCC-U.TO vs. HBNK.TO

Last updated Jul 16, 2026
Documentation

USCC-U.TO (Global X S&P 500 Covered Call ETF) and HBNK.TO (Global X Equal Weight Banks Index ETF) are both exchange-traded funds - USCC-U.TO is a S&P 500 fund actively managed by Global X, while HBNK.TO is a Financials Equities fund tracking the Solactive Equal Weight Canada Banks Index. USCC-U.TO is actively managed, while HBNK.TO is passively managed. Over the past 3 years, USCC-U.TO returned 16.01%/yr vs 34.80%/yr for HBNK.TO. At a 0.38 correlation, their price movements are largely independent.

Performance

USCC-U.TO vs. HBNK.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 Global X Equal Weight Banks Index ETF (HBNK.TO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

USCC-U.TO is traded in USD, while HBNK.TO is traded in CAD. To make them comparable, the HBNK.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 HBNK.TO's 33.29% 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%

HBNK.TO

1D
2.16%
1M
8.44%
6M
33.72%
YTD
33.29%
1Y
70.82%
3Y*
34.80%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023
USCC-U.TO
Global X S&P 500 Covered Call ETF		7.58%14.45%22.34%6.07%
HBNK.TO
Global X Equal Weight Banks Index ETF		33.29%50.59%15.03%10.95%

Correlation

The correlation between USCC-U.TO and HBNK.TO is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.33

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

0.38

Correlation (All Time)
Calculated using the full available price history since Jul 7, 2023

0.38

Compare stocks, funds, or ETFs

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Global X S&P 500 Covered Call ETF

Global X Equal Weight Banks Index ETF

Often compared with HBNK.TO:
HBNK.TO vs. ZEB.TOHBNK.TO vs. HCAL.TOHBNK.TO vs. XEQT.TOHBNK.TO vs. XDIV.TOHBNK.TO vs. FIE.TOHBNK.TO vs. EBNK.TOHBNK.TO vs. HEWB.TO

Return for Risk

USCC-U.TO vs. HBNK.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
HBNK.TO
HBNK.TO Risk / Return Rank: 9898
Overall Rank
HBNK.TO Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
HBNK.TO Sortino Ratio Rank: 9898
Sortino Ratio Rank
HBNK.TO Omega Ratio Rank: 9898
Omega Ratio Rank
HBNK.TO Calmar Ratio Rank: 9797
Calmar Ratio Rank
HBNK.TO Martin Ratio Rank: 9797
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. HBNK.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 Global X Equal Weight Banks Index ETF (HBNK.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.TOHBNK.TODifference
Sharpe ratioReturn per unit of total volatility
1.87
5.09

-3.22

Sortino ratioReturn per unit of downside risk
2.56
6.60

-4.04

Omega ratioGain probability vs. loss probability

1.37

1.88

-0.51

Calmar ratioReturn relative to maximum drawdown

2.47

7.43

-4.96

Martin ratioReturn relative to average drawdown

10.91

32.76

-21.85

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

The current USCC-U.TO Sharpe Ratio is 1.87, which is lower than the HBNK.TO Sharpe Ratio of 5.09. The chart below compares the historical Sharpe Ratios of USCC-U.TO and HBNK.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.

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Drawdowns

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

The maximum USCC-U.TO drawdown since its inception was -41.14%, which is greater than HBNK.TO's maximum drawdown of -18.46%. Use the drawdown chart below to compare losses from any high point for USCC-U.TO and HBNK.TO.

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Drawdown Indicators

USCC-U.TOHBNK.TODifference

Max Drawdown

Largest peak-to-trough decline

-41.14%

-18.46%

-22.68%

Max Drawdown (1Y)

Largest decline over 1 year

-7.72%

-9.58%

+1.86%

Max Drawdown (3Y)

Largest decline over 3 years

-17.00%

-18.46%

+1.46%

Max Drawdown (5Y)

Largest decline over 5 years

-23.14%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-41.14%

—

—

Current Drawdown

Current decline from peak

-0.70%

0.00%

-0.70%

Average Drawdown

Average peak-to-trough decline

-5.21%

-2.92%

-2.29%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.75%

2.17%

-0.42%

Volatility

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

The current volatility for Global X S&P 500 Covered Call ETF (USCC-U.TO) is 2.94%, while Global X Equal Weight Banks Index ETF (HBNK.TO) has a volatility of 4.39%. This indicates that USCC-U.TO experiences smaller price fluctuations and is considered to be less risky than HBNK.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

USCC-U.TOHBNK.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.94%

4.39%

-1.45%

Volatility (6M)

Calculated over the trailing 6-month period

8.28%

12.04%

-3.76%

Volatility (1Y)

Calculated over the trailing 1-year period

10.24%

14.01%

-3.77%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.73%

14.02%

+0.71%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.43%

14.02%

+10.41%

Dividends

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

USCC-U.TO's dividend yield for the trailing twelve months is around 9.66%, more than HBNK.TO's 2.47% yield.

PositionTTM20252024202320222021202020192018201720162015
HBNK.TO
Global X Equal Weight Banks Index ETF		2.47%3.24%4.15%2.45%0.00%0.00%0.00%0.00%0.00%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 HBNK.TO have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

USCC-U.TO is categorized as S&P 500, while HBNK.TO is Financials Equities.

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