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WAF.AX vs. GLCC.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

WAF.AX vs. GLCC.TO

Last updated Apr 1, 2026

Compare and contrast key facts about West African Resources Limited (WAF.AX) and Global X Gold Producer Equity Covered Call ETF (GLCC.TO).

GLCC.TO is an actively managed fund by Global X. It was launched on Apr 11, 2011.

Performance

WAF.AX vs. GLCC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in West African Resources Limited (WAF.AX) and Global X Gold Producer Equity Covered Call ETF (GLCC.TO). The values are adjusted to include any dividend payments, if applicable.

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WAF.AX vs. GLCC.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
WAF.AX
West African Resources Limited		6.67%109.06%51.85%-19.57%-10.98%26.32%143.02%72.00%-39.02%86.36%
GLCC.TO
Global X Gold Producer Equity Covered Call ETF		1.03%130.75%21.83%8.69%-2.31%-3.35%7.00%46.33%1.73%5.99%
Different Trading Currencies

WAF.AX is traded in AUD, while GLCC.TO is traded in CAD. To make them comparable, the GLCC.TO values have been converted to AUD using the latest available exchange rates.

Returns By Period

In the year-to-date period, WAF.AX achieves a 6.67% return, which is significantly higher than GLCC.TO's 1.03% return. Over the past 10 years, WAF.AX has outperformed GLCC.TO with an annualized return of 35.80%, while GLCC.TO has yielded a comparatively lower 18.13% annualized return.

WAF.AX

1D
4.92%
1M
-8.31%
YTD
6.67%
6M
5.26%
1Y
37.93%
3Y*
49.38%
5Y*
31.14%
10Y*
35.80%

GLCC.TO

1D
5.10%
1M
-17.62%
YTD
1.03%
6M
15.81%
1Y
74.04%
3Y*
40.65%
5Y*
25.19%
10Y*
18.13%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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West African Resources Limited

Global X Gold Producer Equity Covered Call ETF

Often compared with WAF.AX:
WAF.AX vs. PAF.LWAF.AX vs. A1G.AXWAF.AX vs. CMM.AXWAF.AX vs. GDXWAF.AX vs. EWOWAF.AX vs. EWAWAF.AX vs. VOO
Often compared with GLCC.TO:
GLCC.TO vs. AMAX.TOGLCC.TO vs. DXMO.TOGLCC.TO vs. BCCCGLCC.TO vs. GLDI.LGLCC.TO vs. IGLDGLCC.TO vs. 4GLD.DEGLCC.TO vs. BANK.TO

Return for Risk

WAF.AX vs. GLCC.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
WAF.AX
WAF.AX Risk / Return Rank: 6767
Overall Rank
WAF.AX Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
WAF.AX Sortino Ratio Rank: 6464
Sortino Ratio Rank
WAF.AX Omega Ratio Rank: 6565
Omega Ratio Rank
WAF.AX Calmar Ratio Rank: 6868
Calmar Ratio Rank
WAF.AX Martin Ratio Rank: 6969
Martin Ratio Rank
GLCC.TO
GLCC.TO Risk / Return Rank: 9090
Overall Rank
GLCC.TO Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
GLCC.TO Sortino Ratio Rank: 8888
Sortino Ratio Rank
GLCC.TO Omega Ratio Rank: 8989
Omega Ratio Rank
GLCC.TO Calmar Ratio Rank: 9191
Calmar Ratio Rank
GLCC.TO Martin Ratio Rank: 9191
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.

WAF.AX vs. GLCC.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for West African Resources Limited (WAF.AX) and Global X Gold Producer Equity Covered Call ETF (GLCC.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.

WAF.AXGLCC.TODifference

Sharpe ratio

Return per unit of total volatility

0.77

1.91

-1.14

Sortino ratio

Return per unit of downside risk

1.32

2.25

-0.92

Omega ratio

Gain probability vs. loss probability

1.18

1.33

-0.15

Calmar ratio

Return relative to maximum drawdown

1.25

2.69

-1.44

Martin ratio

Return relative to average drawdown

3.26

10.11

-6.85

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

WAF.AX vs. GLCC.TO - Sharpe Ratio Comparison

The current WAF.AX Sharpe Ratio is 0.77, which is lower than the GLCC.TO Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of WAF.AX and GLCC.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.

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Sharpe Ratios by Period

WAF.AXGLCC.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.77

1.91

-1.14

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.63

0.87

-0.23

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.61

0.60

+0.01

Sharpe Ratio (All Time)

Calculated using the full available price history

0.24

0.00

+0.24

Correlation

The correlation between WAF.AX and GLCC.TO is 0.05, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

WAF.AX vs. GLCC.TO - Dividend Comparison

WAF.AX has not paid dividends to shareholders, while GLCC.TO's dividend yield for the trailing twelve months is around 6.21%.

TTM20252024202320222021202020192018201720162015
WAF.AX
West African Resources Limited		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
GLCC.TO
Global X Gold Producer Equity Covered Call ETF		6.21%6.01%10.30%11.16%10.08%6.31%6.47%4.58%5.62%7.09%9.21%11.63%

Drawdowns

WAF.AX vs. GLCC.TO - Drawdown Comparison

The maximum WAF.AX drawdown since its inception was -92.31%, which is greater than GLCC.TO's maximum drawdown of -69.68%. Use the drawdown chart below to compare losses from any high point for WAF.AX and GLCC.TO.

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Drawdown Indicators

WAF.AXGLCC.TODifference

Max Drawdown

Largest peak-to-trough decline

-92.31%

-71.12%

-21.19%

Max Drawdown (1Y)

Largest decline over 1 year

-29.41%

-28.86%

-0.55%

Max Drawdown (5Y)

Largest decline over 5 years

-54.61%

-37.60%

-17.01%

Max Drawdown (10Y)

Largest decline over 10 years

-58.14%

-44.83%

-13.31%

Current Drawdown

Current decline from peak

-18.16%

-18.48%

+0.32%

Average Drawdown

Average peak-to-trough decline

-42.31%

-34.62%

-7.69%

Ulcer Index

Depth and duration of drawdowns from previous peaks

11.28%

7.54%

+3.74%

Volatility

WAF.AX vs. GLCC.TO - Volatility Comparison

West African Resources Limited (WAF.AX) has a higher volatility of 20.24% compared to Global X Gold Producer Equity Covered Call ETF (GLCC.TO) at 15.96%. This indicates that WAF.AX's price experiences larger fluctuations and is considered to be riskier than GLCC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

WAF.AXGLCC.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

20.24%

15.96%

+4.28%

Volatility (6M)

Calculated over the trailing 6-month period

33.11%

32.83%

+0.28%

Volatility (1Y)

Calculated over the trailing 1-year period

48.85%

38.94%

+9.91%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

49.28%

29.31%

+19.97%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

58.24%

30.39%

+27.85%