USCC.TO vs. PINC.TO
USCC.TO (Global X S&P 500 Covered Call ETF) and PINC.TO (Purpose Multi-Asset Income Fund) are both Derivative Income funds. Both are actively managed. Over the past 5 years, USCC.TO returned 12.03%/yr vs 6.76%/yr for PINC.TO. Their 0.21 correlation means their historical movements had little consistent relationship. USCC.TO charges 0.49%/yr vs 1.04%/yr for PINC.TO.
Performance
USCC.TO vs. PINC.TO - Performance Comparison
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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 PINC.TO's 17.29% 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%
PINC.TO
- 1D
- -0.26%
- 1M
- 1.34%
- 6M
- 14.51%
- YTD
- 17.29%
- 1Y
- 24.86%
- 3Y*
- 14.78%
- 5Y*
- 6.76%
- 10Y*
- —
- ALL TIME*
- 6.95%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$17.08K | CA$13.56K | CA$13.69K | |
| CA$305.43K | CA$290.99K | CA$294.56K |
USCC.TO vs. PINC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% | 2.49% |
PINC.TO Purpose Multi-Asset Income Fund | 17.29% | 14.41% | 11.54% | 0.95% | -12.11% | 21.51% | 0.74% | 14.28% | -6.43% |
Correlation
The correlation between USCC.TO and PINC.TO is 0.17, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.17 |
Correlation (3Y) Balances recent behavior with more history. | 0.19 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.22 |
Correlation (All Time) Calculated using the full available price history since May 8, 2018 | 0.21 |
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Return for Risk
USCC.TO vs. PINC.TO — Risk / Return Rank
USCC.TO
PINC.TO
USCC.TO vs. PINC.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 Purpose Multi-Asset Income Fund (PINC.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.TO | PINC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.94 | ||
| Sortino ratioReturn per unit of downside risk | -2.81 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.78 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | 2.84 | 6.71 | -3.87 |
| Martin ratioReturn relative to average drawdown | 11.17 | 26.05 | -14.89 |
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Drawdowns
USCC.TO vs. PINC.TO - Drawdown Comparison
The maximum USCC.TO drawdown since its inception was -28.40%, smaller than the maximum PINC.TO drawdown of -43.84%. Use the drawdown chart below to compare losses from any high point for USCC.TO and PINC.TO.
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Drawdown Indicators
| USCC.TO | PINC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.40% | -43.84% | +15.44% |
Max Drawdown (1Y)Largest decline over 1 year | -6.71% | -3.59% | -3.12% |
Max Drawdown (3Y)Largest decline over 3 years | -17.55% | -8.55% | -9.00% |
Max Drawdown (5Y)Largest decline over 5 years | -17.55% | -21.04% | +3.49% |
Max Drawdown (10Y)Largest decline over 10 years | -28.40% | — | — |
Current DrawdownCurrent decline from peak | -1.37% | -0.94% | -0.43% |
Average DrawdownAverage peak-to-trough decline | -3.14% | -5.79% | +2.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 0.92% | +0.79% |
Volatility
USCC.TO vs. PINC.TO - Volatility Comparison
Global X S&P 500 Covered Call ETF (USCC.TO) has a higher volatility of 3.44% compared to Purpose Multi-Asset Income Fund (PINC.TO) at 1.64%. This indicates that USCC.TO's price experiences larger fluctuations and is considered to be riskier than PINC.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.TO | PINC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.44% | 1.64% | +1.80% |
Volatility (6M)Calculated over the trailing 6-month period | 8.39% | 5.04% | +3.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.37% | 6.37% | +4.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.89% | 8.38% | +5.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.55% | 14.69% | -0.14% |
USCC.TO vs. PINC.TO - Expense Ratio Comparison
USCC.TO has a 0.49% expense ratio, which is lower than PINC.TO's 1.04% expense ratio.
Dividends
USCC.TO vs. PINC.TO - Dividend Comparison
USCC.TO's dividend yield for the trailing twelve months is around 9.64%, more than PINC.TO's 4.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PINC.TO Purpose Multi-Asset Income Fund | 4.43% | 5.05% | 5.48% | 5.78% | 5.51% | 4.60% | 5.33% | 5.06% | 3.66% | 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 PINC.TO have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, USCC.TO is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
USCC.TO is cheaper with a 0.49% expense ratio, compared with 1.04% for PINC.TO.
They also come from different issuers: Global X and Purpose. Their fees differ too: 0.49% for USCC.TO and 1.04% for PINC.TO.
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