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VFV.TO vs. USCC-U.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VFV.TO vs. USCC-U.TO

Last updated Jul 18, 2026
Documentation

VFV.TO (Vanguard S&P 500 Index ETF) and USCC-U.TO (Global X S&P 500 Covered Call ETF) are both S&P 500 funds. VFV.TO is passively managed, while USCC-U.TO is actively managed. Over the past 10 years, VFV.TO returned 15.55%/yr vs 12.37%/yr for USCC-U.TO. At a 0.30 correlation, their price movements are largely independent.

Performance

VFV.TO vs. USCC-U.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Vanguard S&P 500 Index ETF (VFV.TO) and Global X S&P 500 Covered Call ETF (USCC-U.TO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

VFV.TO is traded in CAD, while USCC-U.TO is traded in USD. To make them comparable, the USCC-U.TO values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, VFV.TO achieves a 11.72% return, which is significantly higher than USCC-U.TO's 9.01% return. Over the past 10 years, VFV.TO has outperformed USCC-U.TO with an annualized return of 15.55%, while USCC-U.TO has yielded a comparatively lower 12.37% annualized return.

VFV.TO

1D
-1.27%
1M
-0.27%
6M
8.64%
YTD
11.72%
1Y
21.80%
3Y*
21.57%
5Y*
15.17%
10Y*
15.55%

USCC-U.TO

1D
-1.07%
1M
0.16%
6M
7.64%
YTD
9.01%
1Y
20.65%
3Y*
17.75%
5Y*
11.92%
10Y*
12.37%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VFV.TO vs. USCC-U.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VFV.TO
Vanguard S&P 500 Index ETF		11.72%12.18%35.23%23.23%-12.58%27.51%15.61%25.14%2.95%13.69%
USCC-U.TO
Global X S&P 500 Covered Call ETF		9.01%9.23%32.70%17.66%-9.19%24.09%10.14%16.78%0.90%7.48%

Correlation

The correlation between VFV.TO and USCC-U.TO is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.46

Correlation (3Y)
Calculated over the trailing 3-year period

0.44

Correlation (5Y)
Calculated over the trailing 5-year period

0.35

Correlation (10Y)
Calculated over the trailing 10-year period

0.25

Correlation (All Time)
Calculated using the full available price history since Nov 8, 2012

0.30

The correlation between VFV.TO and USCC-U.TO shifts across timeframes, from 0.25 (10 years) to 0.46 (1 year), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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Vanguard S&P 500 Index ETF

Global X S&P 500 Covered Call ETF

Often compared with VFV.TO:
VFV.TO vs. XEQT.TOVFV.TO vs. VEQT.TOVFV.TO vs. VOOVFV.TO vs. QQC.TOVFV.TO vs. VSP.TOVFV.TO vs. VCN.TOVFV.TO vs. XQQ.TO
Often compared with USCC-U.TO:
USCC-U.TO vs. EQL.TOUSCC-U.TO vs. XSP.TOUSCC-U.TO vs. XUS-U.TOUSCC-U.TO vs. XUS.TOUSCC-U.TO vs. CASH.TOUSCC-U.TO vs. CBIL.TOUSCC-U.TO vs. CHPS.TO

Return for Risk

VFV.TO vs. USCC-U.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VFV.TO
VFV.TO Risk / Return Rank: 6868
Overall Rank
VFV.TO Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
VFV.TO Sortino Ratio Rank: 6868
Sortino Ratio Rank
VFV.TO Omega Ratio Rank: 6969
Omega Ratio Rank
VFV.TO Calmar Ratio Rank: 6464
Calmar Ratio Rank
VFV.TO Martin Ratio Rank: 6767
Martin Ratio Rank
USCC-U.TO
USCC-U.TO Risk / Return Rank: 7272
Overall Rank
USCC-U.TO Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
USCC-U.TO Sortino Ratio Rank: 7070
Sortino Ratio Rank
USCC-U.TO Omega Ratio Rank: 7979
Omega Ratio Rank
USCC-U.TO Calmar Ratio Rank: 6262
Calmar Ratio Rank
USCC-U.TO Martin Ratio Rank: 7575
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.

VFV.TO vs. USCC-U.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 Index ETF (VFV.TO) and Global X S&P 500 Covered Call ETF (USCC-U.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.

VFV.TOUSCC-U.TODifference
Sharpe ratioReturn per unit of total volatility
1.81
2.01

-0.21

Sortino ratioReturn per unit of downside risk
2.51
2.83

-0.32

Omega ratioGain probability vs. loss probability

1.33

1.37

-0.05

Calmar ratioReturn relative to maximum drawdown

2.54

3.05

-0.51

Martin ratioReturn relative to average drawdown

9.50

11.84

-2.34

VFV.TO vs. USCC-U.TO - Sharpe Ratio Comparison

The current VFV.TO Sharpe Ratio is 1.81, which is comparable to the USCC-U.TO Sharpe Ratio of 2.01. The chart below compares the historical Sharpe Ratios of VFV.TO and USCC-U.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

VFV.TO vs. USCC-U.TO - Drawdown Comparison

The maximum VFV.TO drawdown since its inception was -27.43%, smaller than the maximum USCC-U.TO drawdown of -36.21%. Use the drawdown chart below to compare losses from any high point for VFV.TO and USCC-U.TO.

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Drawdown Indicators

VFV.TOUSCC-U.TODifference

Max Drawdown

Largest peak-to-trough decline

-27.43%

-36.21%

+8.78%

Max Drawdown (1Y)

Largest decline over 1 year

-8.62%

-6.80%

-1.82%

Max Drawdown (3Y)

Largest decline over 3 years

-19.05%

-18.22%

-0.83%

Max Drawdown (5Y)

Largest decline over 5 years

-22.19%

-18.22%

-3.97%

Max Drawdown (10Y)

Largest decline over 10 years

-27.43%

-36.21%

+8.78%

Current Drawdown

Current decline from peak

-2.55%

-2.15%

-0.40%

Average Drawdown

Average peak-to-trough decline

-3.33%

-4.87%

+1.54%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.30%

1.75%

+0.55%

Volatility

VFV.TO vs. USCC-U.TO - Volatility Comparison

Vanguard S&P 500 Index ETF (VFV.TO) has a higher volatility of 3.25% compared to Global X S&P 500 Covered Call ETF (USCC-U.TO) at 2.80%. This indicates that VFV.TO's price experiences larger fluctuations and is considered to be riskier than USCC-U.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VFV.TOUSCC-U.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.25%

2.80%

+0.45%

Volatility (6M)

Calculated over the trailing 6-month period

9.57%

8.18%

+1.39%

Volatility (1Y)

Calculated over the trailing 1-year period

12.15%

10.31%

+1.84%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.04%

14.20%

+0.84%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.59%

24.70%

-8.11%

Dividends

VFV.TO vs. USCC-U.TO - Dividend Comparison

VFV.TO's dividend yield for the trailing twelve months is around 0.85%, less than USCC-U.TO's 9.76% yield.

PositionTTM20252024202320222021202020192018201720162015
USCC-U.TO
Global X S&P 500 Covered Call ETF		9.76%9.88%10.20%11.22%10.76%5.11%4.95%5.09%6.49%5.36%5.62%6.13%
VFV.TO
Vanguard S&P 500 Index ETF		0.85%0.92%0.99%1.20%1.31%1.06%1.33%1.55%1.69%1.51%1.65%1.63%

Frequently Asked Questions

VFV.TO and USCC-U.TO have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

They also come from different issuers: Vanguard and Global X.

Portfolio Optimizer

Find the right allocation for VFV.TO and USCC-U.TO

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

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