PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
USCL.TO vs. PDIV.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

USCL.TO vs. PDIV.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Global X Enhanced S&P 500 Covered Call ETF (USCL.TO) and Purpose Enhanced Dividend Fund ETF (PDIV.TO).

USCL.TO and PDIV.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. USCL.TO is an actively managed fund by Global X. It was launched on Jul 5, 2023. PDIV.TO is an actively managed fund by Purpose Investments. It was launched on Jan 2, 2018.

Performance

USCL.TO vs. PDIV.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X Enhanced S&P 500 Covered Call ETF (USCL.TO) and Purpose Enhanced Dividend Fund ETF (PDIV.TO). The values are adjusted to include any dividend payments, if applicable.

Loading graphics...

USCL.TO vs. PDIV.TO - Yearly Performance Comparison

2026 (YTD)202520242023
USCL.TO
Global X Enhanced S&P 500 Covered Call ETF		-5.43%10.03%38.54%4.33%
PDIV.TO
Purpose Enhanced Dividend Fund ETF		1.14%15.82%10.71%1.55%

Returns By Period

In the year-to-date period, USCL.TO achieves a -5.43% return, which is significantly lower than PDIV.TO's 1.14% return.

USCL.TO

1D
0.00%
1M
-6.20%
YTD
-5.43%
6M
-3.57%
1Y
8.98%
3Y*
—
5Y*
—
10Y*
—

PDIV.TO

1D
1.48%
1M
-3.00%
YTD
1.14%
6M
5.00%
1Y
13.80%
3Y*
9.78%
5Y*
7.84%
10Y*
8.91%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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 Enhanced S&P 500 Covered Call ETF

Purpose Enhanced Dividend Fund ETF

Often compared with USCL.TO:
USCL.TO vs. HYLD.TOUSCL.TO vs. MSTE.TOUSCL.TO vs. SDAY.NEOUSCL.TO vs. QQQYUSCL.TO vs. VFV.TOUSCL.TO vs. TSLA.TOUSCL.TO vs. QQCL.TO
Often compared with PDIV.TO:
PDIV.TO vs. HDIV.TOPDIV.TO vs. SPYIPDIV.TO vs. HYLD.TOPDIV.TO vs. BMAXPDIV.TO vs. PMIF.TOPDIV.TO vs. DGSPDIV.TO vs. EBNK.TO

USCL.TO vs. PDIV.TO - Expense Ratio Comparison

USCL.TO has a 0.04% expense ratio, which is lower than PDIV.TO's 0.77% expense ratio.

PDIV.TO
Purpose Enhanced Dividend Fund ETF
USCL.TO
Global X Enhanced S&P 500 Covered Call ETF

Return for Risk

USCL.TO vs. PDIV.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
USCL.TO
USCL.TO Risk / Return Rank: 3030
Overall Rank
USCL.TO Sharpe Ratio Rank: 2727
Sharpe Ratio Rank
USCL.TO Sortino Ratio Rank: 2828
Sortino Ratio Rank
USCL.TO Omega Ratio Rank: 3232
Omega Ratio Rank
USCL.TO Calmar Ratio Rank: 3030
Calmar Ratio Rank
USCL.TO Martin Ratio Rank: 3333
Martin Ratio Rank
PDIV.TO
PDIV.TO Risk / Return Rank: 7878
Overall Rank
PDIV.TO Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
PDIV.TO Sortino Ratio Rank: 7878
Sortino Ratio Rank
PDIV.TO Omega Ratio Rank: 8484
Omega Ratio Rank
PDIV.TO Calmar Ratio Rank: 6868
Calmar Ratio Rank
PDIV.TO Martin Ratio Rank: 8181
Martin Ratio Rank
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.

USCL.TO vs. PDIV.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 Purpose Enhanced Dividend Fund ETF (PDIV.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.TOPDIV.TODifference

Sharpe ratio

Return per unit of total volatility

0.45

1.45

-1.00

Sortino ratio

Return per unit of downside risk

0.76

1.99

-1.24

Omega ratio

Gain probability vs. loss probability

1.12

1.33

-0.21

Calmar ratio

Return relative to maximum drawdown

0.67

1.74

-1.07

Martin ratio

Return relative to average drawdown

2.74

8.94

-6.20

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

USCL.TO vs. PDIV.TO - Sharpe Ratio Comparison

The current USCL.TO Sharpe Ratio is 0.45, which is lower than the PDIV.TO Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of USCL.TO and PDIV.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.

Loading graphics...

Sharpe Ratios by Period

USCL.TOPDIV.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.45

1.45

-1.00

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.80

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.64

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.04

0.59

+0.44

Correlation

The correlation between USCL.TO and PDIV.TO is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

USCL.TO vs. PDIV.TO - Dividend Comparison

USCL.TO's dividend yield for the trailing twelve months is around 13.76%, more than PDIV.TO's 12.30% yield.

TTM20252024202320222021202020192018201720162015
USCL.TO
Global X Enhanced S&P 500 Covered Call ETF		13.76%12.94%11.57%7.08%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
PDIV.TO
Purpose Enhanced Dividend Fund ETF		12.30%12.24%12.35%11.84%6.38%5.59%6.33%5.85%6.80%25.71%5.38%8.10%

Drawdowns

USCL.TO vs. PDIV.TO - Drawdown Comparison

The maximum USCL.TO drawdown since its inception was -21.85%, smaller than the maximum PDIV.TO drawdown of -30.64%. Use the drawdown chart below to compare losses from any high point for USCL.TO and PDIV.TO.

Loading graphics...

Drawdown Indicators

USCL.TOPDIV.TODifference

Max Drawdown

Largest peak-to-trough decline

-21.85%

-30.64%

+8.79%

Max Drawdown (1Y)

Largest decline over 1 year

-14.94%

-8.36%

-6.58%

Max Drawdown (5Y)

Largest decline over 5 years

—

-14.96%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-30.64%

—

Current Drawdown

Current decline from peak

-8.56%

-3.25%

-5.31%

Average Drawdown

Average peak-to-trough decline

-2.66%

-4.40%

+1.74%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.63%

1.63%

+2.00%

Volatility

USCL.TO vs. PDIV.TO - Volatility Comparison

Global X Enhanced S&P 500 Covered Call ETF (USCL.TO) has a higher volatility of 5.13% compared to Purpose Enhanced Dividend Fund ETF (PDIV.TO) at 3.48%. This indicates that USCL.TO's price experiences larger fluctuations and is considered to be riskier than PDIV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading graphics...

Volatility by Period

USCL.TOPDIV.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.13%

3.48%

+1.65%

Volatility (6M)

Calculated over the trailing 6-month period

9.48%

5.58%

+3.90%

Volatility (1Y)

Calculated over the trailing 1-year period

20.04%

9.56%

+10.48%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.62%

9.89%

+5.73%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.62%

13.96%

+1.66%