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USCC.TO vs. HXQ.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

USCC.TO vs. HXQ.TO

Last updated Aug 4, 2026
Documentation

USCC.TO (Global X S&P 500 Covered Call ETF) and HXQ.TO (Global X Nasdaq-100 Index Corporate Class ETF) are both exchange-traded funds - USCC.TO is a Derivative Income fund actively managed by Global X, while HXQ.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Index. USCC.TO is actively managed, while HXQ.TO is passively managed. Over the past 10 years, USCC.TO returned 12.39%/yr vs 21.14%/yr for HXQ.TO. Their 0.45 correlation means their historical movements had little consistent relationship. USCC.TO charges 0.49%/yr vs 0.25%/yr for HXQ.TO.

Performance

USCC.TO vs. HXQ.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 Global X Nasdaq-100 Index Corporate Class ETF (HXQ.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, USCC.TO achieves a 11.09% return, which is significantly lower than HXQ.TO's 14.56% return. Over the past 10 years, USCC.TO has underperformed HXQ.TO with an annualized return of 12.39%, while HXQ.TO has yielded a comparatively higher 21.14% annualized return.

USCC.TO

1D
0.67%
1M
-1.00%
6M
9.29%
YTD
11.09%
1Y
20.91%
3Y*
17.48%
5Y*
12.03%
10Y*
12.39%
ALL TIME*
14.29%

HXQ.TO

1D
0.69%
1M
-5.98%
6M
12.81%
YTD
14.56%
1Y
26.47%
3Y*
24.20%
5Y*
16.73%
10Y*
21.14%
ALL TIME*
21.11%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

HXQ.TO

Global X Nasdaq-100 Index Corporate Class ETF
CA$2.97MCA$3.02MCA$3.91M

USCC.TO

Global X S&P 500 Covered Call ETF
CA$305.43KCA$290.99KCA$294.56K

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

2026 (YTD)202520242023202220212020201920182017
USCC.TO
Global X S&P 500 Covered Call ETF		11.09%9.19%31.45%17.35%-8.49%21.99%11.29%16.61%1.97%7.70%
HXQ.TO
Global X Nasdaq-100 Index Corporate Class ETF		14.56%15.05%35.98%51.16%-27.84%26.20%45.58%32.26%6.71%23.12%

Correlation

The correlation between USCC.TO and HXQ.TO is 0.87, meaning they have usually moved in the same direction, including during past declines.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.87

Correlation (3Y)
Balances recent behavior with more history.

0.88

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.64

Correlation (10Y)
Provides a long-term view across more market conditions.

0.46

Correlation (All Time)
Calculated using the full available price history since Apr 21, 2016

0.45

Over the past year, USCC.TO and HXQ.TO have become more correlated (0.87) than their long-term average of 0.45, meaning their price movements have been converging.

USCC.TO vs. HXQ.TO - Sectors Allocation Comparison

Sectors
USCC.TO
HXQ.TO

Technology

39.0%
55.9%

Financial Services

11.1%
0.3%

Communication Services

10.6%
15.8%

Consumer Cyclical

9.9%
13.2%

Healthcare

8.3%
4.4%

Industrials

7.8%
3.1%

Consumer Defensive

4.5%
4.4%

Energy

3.1%
0.5%

Utilities

2.1%
1.4%

Real Estate

1.8%
0.2%

Basic Materials

1.7%
1.0%

Technology

USCC.TO
39.0%
HXQ.TO
55.9%

Financial Services

USCC.TO
11.1%
HXQ.TO
0.3%

Communication Services

USCC.TO
10.6%
HXQ.TO
15.8%

Consumer Cyclical

USCC.TO
9.9%
HXQ.TO
13.2%

Healthcare

USCC.TO
8.3%
HXQ.TO
4.4%

Industrials

USCC.TO
7.8%
HXQ.TO
3.1%

Consumer Defensive

USCC.TO
4.5%
HXQ.TO
4.4%

Energy

USCC.TO
3.1%
HXQ.TO
0.5%

Utilities

USCC.TO
2.1%
HXQ.TO
1.4%

Real Estate

USCC.TO
1.8%
HXQ.TO
0.2%

Basic Materials

USCC.TO
1.7%
HXQ.TO
1.0%

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

Global X Nasdaq-100 Index Corporate Class ETF

Often compared with USCC.TO:
USCC.TO vs. VFV.TOUSCC.TO vs. SPYIUSCC.TO vs. USCL.TOUSCC.TO vs. TGED.TOUSCC.TO vs. RSPAUSCC.TO vs. ESG.TOUSCC.TO vs. ZSP-U.TO
Often compared with HXQ.TO:
HXQ.TO vs. QQC.TOHXQ.TO vs. XQQ.TOHXQ.TO vs. VFV.TOHXQ.TO vs. QQQHXQ.TO vs. HXS.TOHXQ.TO vs. ZNQ.TOHXQ.TO vs. QQC-F.TO

Return for Risk

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

Compare historical risk-adjusted metric ranks over the past 12 months.
USCC.TO
USCC.TO Risk / Return Rank: 7777
Overall Rank
USCC.TO Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
USCC.TO Sortino Ratio Rank: 7676
Sortino Ratio Rank
USCC.TO Omega Ratio Rank: 7979
Omega Ratio Rank
USCC.TO Calmar Ratio Rank: 7676
Calmar Ratio Rank
USCC.TO Martin Ratio Rank: 8181
Martin Ratio Rank
HXQ.TO
HXQ.TO Risk / Return Rank: 4949
Overall Rank
HXQ.TO Sharpe Ratio Rank: 5050
Sharpe Ratio Rank
HXQ.TO Sortino Ratio Rank: 4747
Sortino Ratio Rank
HXQ.TO Omega Ratio Rank: 4949
Omega Ratio Rank
HXQ.TO Calmar Ratio Rank: 5252
Calmar Ratio Rank
HXQ.TO Martin Ratio Rank: 4848
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

USCC.TO vs. HXQ.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 Global X Nasdaq-100 Index Corporate Class ETF (HXQ.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.TOHXQ.TODifference
Sharpe ratioReturn per unit of total volatility
1.84
1.25

+0.59

Sortino ratioReturn per unit of downside risk
2.56
1.75

+0.81

Omega ratioGain probability vs. loss probability

1.35

1.23

+0.12

Calmar ratioReturn relative to maximum drawdown

2.84

1.90

+0.94

Martin ratioReturn relative to average drawdown

11.17

5.49

+5.67

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

The current USCC.TO Sharpe Ratio is 1.84, which is higher than the HXQ.TO Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of USCC.TO and HXQ.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.TO vs. HXQ.TO - Drawdown Comparison

The maximum USCC.TO drawdown since its inception was -28.40%, smaller than the maximum HXQ.TO drawdown of -31.60%. Use the drawdown chart below to compare losses from any high point for USCC.TO and HXQ.TO.

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Drawdown Indicators

USCC.TOHXQ.TODifference

Max Drawdown

Largest peak-to-trough decline

-28.40%

-31.60%

+3.20%

Max Drawdown (1Y)

Largest decline over 1 year

-6.71%

-12.43%

+5.72%

Max Drawdown (3Y)

Largest decline over 3 years

-17.55%

-22.58%

+5.03%

Max Drawdown (5Y)

Largest decline over 5 years

-17.55%

-31.60%

+14.05%

Max Drawdown (10Y)

Largest decline over 10 years

-28.40%

-31.60%

+3.20%

Current Drawdown

Current decline from peak

-1.37%

-7.80%

+6.43%

Average Drawdown

Average peak-to-trough decline

-3.14%

-5.72%

+2.58%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.71%

4.30%

-2.59%

Volatility

USCC.TO vs. HXQ.TO - Volatility Comparison

The current volatility for Global X S&P 500 Covered Call ETF (USCC.TO) is 3.44%, while Global X Nasdaq-100 Index Corporate Class ETF (HXQ.TO) has a volatility of 6.71%. This indicates that USCC.TO experiences smaller price fluctuations and is considered to be less risky than HXQ.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.TOHXQ.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.44%

6.71%

-3.27%

Volatility (6M)

Calculated over the trailing 6-month period

8.39%

15.67%

-7.28%

Volatility (1Y)

Calculated over the trailing 1-year period

10.37%

18.98%

-8.61%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.89%

21.29%

-7.40%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.55%

21.07%

-6.52%

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

USCC.TO has a 0.49% expense ratio, which is higher than HXQ.TO's 0.25% expense ratio.

Dividends

USCC.TO vs. HXQ.TO - Dividend Comparison

USCC.TO's dividend yield for the trailing twelve months is around 9.64%, while HXQ.TO has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
HXQ.TO
Global X Nasdaq-100 Index Corporate Class ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
USCC.TO
Global X S&P 500 Covered Call ETF		9.64%10.20%9.86%11.45%10.42%5.05%5.17%5.16%6.19%5.56%5.59%5.71%

Frequently Asked Questions

USCC.TO and HXQ.TO have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, HXQ.TO is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

HXQ.TO is cheaper with a 0.25% expense ratio, compared with 0.49% for USCC.TO.

USCC.TO is categorized as Derivative Income, while HXQ.TO is Nasdaq-100. Their fees differ too: 0.49% for USCC.TO and 0.25% for HXQ.TO.

Portfolio Optimizer

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