USCL.TO vs. AVGY.TO
USCL.TO (Global X Enhanced S&P 500 Covered Call ETF) and AVGY.TO (Harvest Broadcom Enhanced High Income Shares ETF - Class A Units) are both Derivative Income funds. Both are actively managed. Over the past year, USCL.TO returned 29.89% vs 107.90% for AVGY.TO. At a 0.49 correlation, their price movements are largely independent. USCL.TO charges 0.04%/yr vs 0.40%/yr for AVGY.TO.
Performance
USCL.TO vs. AVGY.TO - Performance Comparison
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Returns By Period
In the year-to-date period, USCL.TO achieves a 11.57% return, which is significantly lower than AVGY.TO's 42.92% return.
USCL.TO
- 1D
- -0.08%
- 1M
- 7.59%
- YTD
- 11.57%
- 6M
- 9.93%
- 1Y
- 29.89%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AVGY.TO
- 1D
- -0.45%
- 1M
- 19.17%
- YTD
- 42.92%
- 6M
- 27.21%
- 1Y
- 107.90%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USCL.TO vs. AVGY.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
USCL.TO Global X Enhanced S&P 500 Covered Call ETF | 11.57% | 10.84% |
AVGY.TO Harvest Broadcom Enhanced High Income Shares ETF - Class A Units | 42.92% | 83.42% |
Correlation
The correlation between USCL.TO and AVGY.TO is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Mar 6, 2025 | 0.49 |
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Return for Risk
USCL.TO vs. AVGY.TO — Risk / Return Rank
USCL.TO
AVGY.TO
USCL.TO vs. AVGY.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Enhanced S&P 500 Covered Call ETF (USCL.TO) and Harvest Broadcom Enhanced High Income Shares ETF - Class A Units (AVGY.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.
| USCL.TO | AVGY.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.38 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.51 | 3.81 | -0.30 |
| Martin ratioReturn relative to average drawdown | 14.29 | 8.81 | +5.48 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| USCL.TO | AVGY.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.55 | 2.39 | +0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.42 | 2.30 | -0.88 |
Drawdowns
USCL.TO vs. AVGY.TO - Drawdown Comparison
The maximum USCL.TO drawdown since its inception was -21.85%, smaller than the maximum AVGY.TO drawdown of -28.78%. Use the drawdown chart below to compare losses from any high point for USCL.TO and AVGY.TO.
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Drawdown Indicators
| USCL.TO | AVGY.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.85% | -28.78% | +6.93% |
Max Drawdown (1Y)Largest decline over 1 year | -8.56% | -28.50% | +19.94% |
Current DrawdownCurrent decline from peak | -0.08% | -0.45% | +0.37% |
Average DrawdownAverage peak-to-trough decline | -2.55% | -8.43% | +5.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.10% | 12.29% | -10.19% |
Volatility
USCL.TO vs. AVGY.TO - Volatility Comparison
The current volatility for Global X Enhanced S&P 500 Covered Call ETF (USCL.TO) is 2.86%, while Harvest Broadcom Enhanced High Income Shares ETF - Class A Units (AVGY.TO) has a volatility of 13.20%. This indicates that USCL.TO experiences smaller price fluctuations and is considered to be less risky than AVGY.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USCL.TO | AVGY.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.86% | 13.20% | -10.34% |
Volatility (6M)Calculated over the trailing 6-month period | 9.31% | 33.23% | -23.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.79% | 45.46% | -33.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.44% | 51.13% | -35.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.44% | 51.13% | -35.69% |
USCL.TO vs. AVGY.TO - Expense Ratio Comparison
USCL.TO has a 0.04% expense ratio, which is lower than AVGY.TO's 0.40% expense ratio.
Dividends
USCL.TO vs. AVGY.TO - Dividend Comparison
USCL.TO's dividend yield for the trailing twelve months is around 11.95%, less than AVGY.TO's 19.08% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
AVGY.TO Harvest Broadcom Enhanced High Income Shares ETF - Class A Units | 19.08% | 14.82% | 0.00% | 0.00% |
USCL.TO Global X Enhanced S&P 500 Covered Call ETF | 11.95% | 12.94% | 11.57% | 7.08% |
Frequently Asked Questions
USCL.TO and AVGY.TO have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, USCL.TO is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.
USCL.TO is cheaper with a 0.04% expense ratio, compared with 0.40% for AVGY.TO.
They also come from different issuers: Global X and Harvest. Their fees differ too: 0.04% for USCL.TO and 0.40% for AVGY.TO.
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