USCL.TO vs. HHIS.TO
USCL.TO (Global X Enhanced S&P 500 Covered Call ETF) and HHIS.TO (Harvest Diversified High Income Shares ETF) are both Derivative Income funds. Both are actively managed. Over the past year, USCL.TO returned 25.69% vs 9.76% for HHIS.TO. Their 0.75 correlation means they have sometimes moved together and sometimes differently. USCL.TO charges 1.61%/yr vs 0.00%/yr for HHIS.TO.
Performance
USCL.TO vs. HHIS.TO - Performance Comparison
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Returns By Period
In the year-to-date period, USCL.TO achieves a 13.52% return, which is significantly higher than HHIS.TO's 1.29% return.
USCL.TO
- 1D
- 1.00%
- 1M
- -1.00%
- 6M
- 11.28%
- YTD
- 13.52%
- 1Y
- 25.69%
- 3Y*
- 20.61%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 22.92%
HHIS.TO
- 1D
- 0.29%
- 1M
- -5.30%
- 6M
- 5.97%
- YTD
- 1.29%
- 1Y
- 9.76%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 16.42%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$11.53M | CA$10.18M | CA$10.12M | |
| CA$343.51K | CA$425.87K | CA$508.08K |
USCL.TO vs. HHIS.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
USCL.TO Global X Enhanced S&P 500 Covered Call ETF | 13.52% | 8.93% |
HHIS.TO Harvest Diversified High Income Shares ETF | 1.29% | 24.70% |
Correlation
The correlation between USCL.TO and HHIS.TO is 0.75, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.75 |
Correlation (All Time) Calculated using the full available price history since Jan 16, 2025 | 0.75 |
The correlation between USCL.TO and HHIS.TO has been stable across timeframes, ranging from 0.75 to 0.75 - a consistent structural relationship.
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Return for Risk
USCL.TO vs. HHIS.TO — Risk / Return Rank
USCL.TO
HHIS.TO
USCL.TO vs. HHIS.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 Diversified High Income Shares ETF (HHIS.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.
| USCL.TO | HHIS.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.58 | ||
| Sortino ratioReturn per unit of downside risk | +1.97 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.06 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 2.72 | 0.24 | +2.48 |
| Martin ratioReturn relative to average drawdown | 10.58 | 0.57 | +10.01 |
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Drawdowns
USCL.TO vs. HHIS.TO - Drawdown Comparison
The maximum USCL.TO drawdown since its inception was -21.85%, smaller than the maximum HHIS.TO drawdown of -31.83%. Use the drawdown chart below to compare losses from any high point for USCL.TO and HHIS.TO.
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Drawdown Indicators
| USCL.TO | HHIS.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.85% | -31.83% | +9.98% |
Max Drawdown (1Y)Largest decline over 1 year | -8.56% | -24.43% | +15.87% |
Max Drawdown (3Y)Largest decline over 3 years | -21.85% | — | — |
Current DrawdownCurrent decline from peak | -1.71% | -10.08% | +8.37% |
Average DrawdownAverage peak-to-trough decline | -2.48% | -8.44% | +5.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.20% | 10.18% | -7.98% |
Volatility
USCL.TO vs. HHIS.TO - Volatility Comparison
The current volatility for Global X Enhanced S&P 500 Covered Call ETF (USCL.TO) is 4.20%, while Harvest Diversified High Income Shares ETF (HHIS.TO) has a volatility of 7.03%. This indicates that USCL.TO experiences smaller price fluctuations and is considered to be less risky than HHIS.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 | HHIS.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.20% | 7.03% | -2.83% |
Volatility (6M)Calculated over the trailing 6-month period | 10.25% | 19.41% | -9.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.86% | 25.22% | -12.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.60% | 33.31% | -17.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.60% | 33.31% | -17.71% |
USCL.TO vs. HHIS.TO - Expense Ratio Comparison
USCL.TO has a 1.61% expense ratio, which is higher than HHIS.TO's 0.00% expense ratio.
Dividends
USCL.TO vs. HHIS.TO - Dividend Comparison
USCL.TO's dividend yield for the trailing twelve months is around 11.92%, less than HHIS.TO's 30.58% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
HHIS.TO Harvest Diversified High Income Shares ETF | 30.58% | 22.88% | 0.00% | 0.00% |
USCL.TO Global X Enhanced S&P 500 Covered Call ETF | 11.92% | 12.94% | 11.57% | 7.08% |
Frequently Asked Questions
USCL.TO and HHIS.TO have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HHIS.TO is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HHIS.TO is cheaper with a 0.00% expense ratio, compared with 1.61% for USCL.TO.
They also come from different issuers: Global X and Harvest. Their fees differ too: 1.61% for USCL.TO and 0.00% for HHIS.TO.
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