USCL.TO vs. VOO
Compare and contrast key facts about Global X Enhanced S&P 500 Covered Call ETF (USCL.TO) and Vanguard S&P 500 ETF (VOO).
USCL.TO and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Performance
USCL.TO vs. VOO - Performance Comparison
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USCL.TO vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
USCL.TO Global X Enhanced S&P 500 Covered Call ETF | -5.43% | 10.03% | 38.54% | 4.33% |
VOO Vanguard S&P 500 ETF | -3.12% | 12.42% | 35.71% | 8.02% |
Different Trading Currencies
USCL.TO is traded in CAD, while VOO is traded in USD. To make them comparable, the VOO values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, USCL.TO achieves a -5.43% return, which is significantly higher than VOO's -5.73% return.
USCL.TO
- 1D
- 0.00%
- 1M
- -6.20%
- YTD
- -5.43%
- 6M
- -3.57%
- 1Y
- 8.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VOO
- 1D
- 0.00%
- 1M
- -5.74%
- YTD
- -5.73%
- 6M
- -4.57%
- 1Y
- 10.68%
- 3Y*
- 18.32%
- 5Y*
- 13.46%
- 10Y*
- 14.50%
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USCL.TO vs. VOO - Expense Ratio Comparison
USCL.TO has a 0.04% expense ratio, which is higher than VOO's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
USCL.TO vs. VOO — Risk / Return Rank
USCL.TO
VOO
USCL.TO vs. VOO - 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 Vanguard S&P 500 ETF (VOO). 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 | VOO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.45 | 0.61 | -0.16 |
Sortino ratioReturn per unit of downside risk | 0.76 | 0.94 | -0.18 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.15 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.67 | 1.01 | -0.34 |
Martin ratioReturn relative to average drawdown | 2.74 | 3.72 | -0.98 |
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 | VOO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.45 | 0.61 | -0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.91 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.89 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.04 | 1.08 | -0.04 |
Correlation
The correlation between USCL.TO and VOO is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
USCL.TO vs. VOO - Dividend Comparison
USCL.TO's dividend yield for the trailing twelve months is around 13.76%, more than VOO's 1.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VOO Vanguard S&P 500 ETF | 1.19% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Drawdowns
USCL.TO vs. VOO - Drawdown Comparison
The maximum USCL.TO drawdown since its inception was -21.85%, smaller than the maximum VOO drawdown of -27.65%. Use the drawdown chart below to compare losses from any high point for USCL.TO and VOO.
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Drawdown Indicators
| USCL.TO | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.85% | -33.99% | +12.14% |
Max Drawdown (1Y)Largest decline over 1 year | -14.94% | -11.98% | -2.96% |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.52% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.99% | — |
Current DrawdownCurrent decline from peak | -8.56% | -6.29% | -2.27% |
Average DrawdownAverage peak-to-trough decline | -2.66% | -3.72% | +1.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.63% | 2.52% | +1.11% |
Volatility
USCL.TO vs. VOO - Volatility Comparison
Global X Enhanced S&P 500 Covered Call ETF (USCL.TO) has a higher volatility of 5.13% compared to Vanguard S&P 500 ETF (VOO) at 4.28%. This indicates that USCL.TO's price experiences larger fluctuations and is considered to be riskier than VOO 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 | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.13% | 4.28% | +0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 9.48% | 9.14% | +0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.04% | 17.76% | +2.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.62% | 14.87% | +0.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.62% | 16.26% | -0.64% |