USCC.TO vs. EQLI.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Global X S&P 500 Covered Call ETF (USCC.TO) and Invesco S&P 500 Equal Weight Income Advantage ETF (EQLI.TO).

USCC.TO and EQLI.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. USCC.TO is an actively managed fund by Global X. It was launched on Sep 13, 2011. EQLI.TO is a passively managed fund by Invesco that tracks the performance of the S&P 500 Equal Weight Index. It was launched on Nov 6, 2025.

Performance

USCC.TO vs. EQLI.TO - Performance Comparison

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

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

	2026 (YTD)	2025	2024
USCC.TO Global X S&P 500 Covered Call ETF	-2.45%	9.20%	11.69%
EQLI.TO Invesco S&P 500 Equal Weight Income Advantage ETF	2.05%	6.40%	7.18%

Returns By Period

In the year-to-date period, USCC.TO achieves a -2.45% return, which is significantly lower than EQLI.TO's 2.05% return.

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%

EQLI.TO

• 1D: 1.76%
• 1M: -2.70%
• YTD: 2.05%
• 6M: 2.84%
• 1Y: 8.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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

USCC.TO has a 0.49% expense ratio, which is higher than EQLI.TO's 0.29% expense ratio.

USCC.TO

Global X S&P 500 Covered Call ETF

EQLI.TO

Invesco S&P 500 Equal Weight Income Advantage ETF

Return for Risk

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

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

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

EQLI.TO

EQLI.TO Risk / Return Rank: 32
EQLI.TO Sharpe Ratio Rank: 31
EQLI.TO Sortino Ratio Rank: 30
EQLI.TO Omega Ratio Rank: 31
EQLI.TO Calmar Ratio Rank: 31
EQLI.TO Martin Ratio Rank: 35

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.TO vs. EQLI.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.TO) and Invesco S&P 500 Equal Weight Income Advantage ETF (EQLI.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.

	USCC.TO	EQLI.TO	Difference
Sharpe ratio Return per unit of total volatility	0.62	0.62	0.00
Sortino ratio Return per unit of downside risk	0.96	0.94	+0.02
Omega ratio Gain probability vs. loss probability	1.16	1.13	+0.03
Calmar ratio Return relative to maximum drawdown	0.94	0.80	+0.15
Martin ratio Return relative to average drawdown	3.94	3.19	+0.76
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current USCC.TO Sharpe Ratio is 0.62, which is comparable to the EQLI.TO Sharpe Ratio of 0.62. The chart below compares the historical Sharpe Ratios of USCC.TO and EQLI.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

	USCC.TO	EQLI.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.62	0.62	0.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.79	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.88	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.87	0.80	+0.07

Correlation

The correlation between USCC.TO and EQLI.TO is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

USCC.TO vs. EQLI.TO - Dividend Comparison

USCC.TO's dividend yield for the trailing twelve months is around 9.61%, more than EQLI.TO's 8.67% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
EQLI.TO Invesco S&P 500 Equal Weight Income Advantage ETF	8.67%	8.74%	3.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

USCC.TO vs. EQLI.TO - Drawdown Comparison

The maximum USCC.TO drawdown since its inception was -28.48%, which is greater than EQLI.TO's maximum drawdown of -15.57%. Use the drawdown chart below to compare losses from any high point for USCC.TO and EQLI.TO.

Drawdown Indicators

	USCC.TO	EQLI.TO	Difference
Max Drawdown Largest peak-to-trough decline	-28.48%	-15.57%	-12.91%
Max Drawdown (1Y) Largest decline over 1 year	-11.92%	-12.16%	+0.24%
Max Drawdown (5Y) Largest decline over 5 years	-17.55%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-28.48%	—	—
Current Drawdown Current decline from peak	-5.05%	-3.03%	-2.02%
Average Drawdown Average peak-to-trough decline	-3.51%	-2.64%	-0.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.86%	3.05%	-0.19%

Volatility

USCC.TO vs. EQLI.TO - Volatility Comparison

Global X S&P 500 Covered Call ETF (USCC.TO) has a higher volatility of 4.59% compared to Invesco S&P 500 Equal Weight Income Advantage ETF (EQLI.TO) at 3.72%. This indicates that USCC.TO's price experiences larger fluctuations and is considered to be riskier than EQLI.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USCC.TO	EQLI.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.59%	3.72%	+0.87%
Volatility (6M) Calculated over the trailing 6-month period	7.71%	7.25%	+0.46%
Volatility (1Y) Calculated over the trailing 1-year period	16.30%	13.83%	+2.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.15%	12.50%	+2.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.40%	12.50%	+4.90%