XFR.TO vs. GLCC.TO
XFR.TO (iShares Floating Rate Index ETF) and GLCC.TO (Global X Gold Producer Equity Covered Call ETF) are both exchange-traded funds - XFR.TO is a Canadian Government Bonds fund tracking the Morningstar Can 1-5Y Core Bd GR CAD, while GLCC.TO is a Derivative Income fund actively managed by Global X. XFR.TO is passively managed, while GLCC.TO is actively managed. Over the past 10 years, XFR.TO returned 2.26%/yr vs 13.89%/yr for GLCC.TO. At a 0.01 correlation, their price movements are largely independent. XFR.TO charges 0.14%/yr vs 0.79%/yr for GLCC.TO.
Performance
XFR.TO vs. GLCC.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XFR.TO achieves a 1.15% return, which is significantly higher than GLCC.TO's -5.15% return. Over the past 10 years, XFR.TO has underperformed GLCC.TO with an annualized return of 2.26%, while GLCC.TO has yielded a comparatively higher 13.89% annualized return.
XFR.TO
- 1D
- 0.05%
- 1M
- 0.26%
- YTD
- 1.15%
- 6M
- 1.33%
- 1Y
- 3.02%
- 3Y*
- 3.98%
- 5Y*
- 3.24%
- 10Y*
- 2.26%
GLCC.TO
- 1D
- 2.91%
- 1M
- -6.20%
- YTD
- -5.15%
- 6M
- -3.63%
- 1Y
- 48.60%
- 3Y*
- 40.00%
- 5Y*
- 20.22%
- 10Y*
- 13.89%
XFR.TO vs. GLCC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XFR.TO iShares Floating Rate Index ETF | 1.15% | 3.33% | 4.57% | 5.29% | 1.81% | 0.15% | 0.98% | 2.26% | 1.20% | 1.43% |
GLCC.TO Global X Gold Producer Equity Covered Call ETF | -5.15% | 137.43% | 20.18% | 6.19% | -1.80% | -9.38% | 15.00% | 38.71% | -0.38% | 7.32% |
Correlation
The correlation between XFR.TO and GLCC.TO is 0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2011 | 0.02 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XFR.TO vs. GLCC.TO — Risk / Return Rank
XFR.TO
GLCC.TO
XFR.TO vs. GLCC.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Floating Rate Index ETF (XFR.TO) 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.
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.
| XFR.TO | GLCC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.97 | ||
| Sortino ratioReturn per unit of downside risk | +5.44 | ||
| Omega ratioGain probability vs. loss probability | 1.98 | 1.23 | +0.75 |
| Calmar ratioReturn relative to maximum drawdown | 29.79 | 1.53 | +28.26 |
| Martin ratioReturn relative to average drawdown | 90.21 | 4.34 | +85.88 |
Loading charts...
Drawdowns
XFR.TO vs. GLCC.TO - Drawdown Comparison
The maximum XFR.TO drawdown since its inception was -4.12%, smaller than the maximum GLCC.TO drawdown of -81.37%. Use the drawdown chart below to compare losses from any high point for XFR.TO and GLCC.TO.
Loading charts...
Drawdown Indicators
| XFR.TO | GLCC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.12% | -81.37% | +77.25% |
Max Drawdown (1Y)Largest decline over 1 year | -0.10% | -33.03% | +32.93% |
Max Drawdown (3Y)Largest decline over 3 years | -0.30% | -33.03% | +32.73% |
Max Drawdown (5Y)Largest decline over 5 years | -0.30% | -37.60% | +37.30% |
Max Drawdown (10Y)Largest decline over 10 years | -4.12% | -44.83% | +40.71% |
Current DrawdownCurrent decline from peak | 0.00% | -27.04% | +27.04% |
Average DrawdownAverage peak-to-trough decline | -0.06% | -53.15% | +53.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.03% | 11.60% | -11.57% |
Volatility
XFR.TO vs. GLCC.TO - Volatility Comparison
The current volatility for iShares Floating Rate Index ETF (XFR.TO) is 0.23%, while Global X Gold Producer Equity Covered Call ETF (GLCC.TO) has a volatility of 16.63%. This indicates that XFR.TO experiences smaller price fluctuations and is considered to be less risky than GLCC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XFR.TO | GLCC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.23% | 16.63% | -16.40% |
Volatility (6M)Calculated over the trailing 6-month period | 0.47% | 35.94% | -35.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.72% | 43.26% | -42.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.85% | 32.35% | -31.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.86% | 32.16% | -30.30% |
XFR.TO vs. GLCC.TO - Expense Ratio Comparison
XFR.TO has a 0.14% expense ratio, which is lower than GLCC.TO's 0.79% expense ratio.
Dividends
XFR.TO vs. GLCC.TO - Dividend Comparison
XFR.TO's dividend yield for the trailing twelve months is around 2.77%, less than GLCC.TO's 9.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLCC.TO Global X Gold Producer Equity Covered Call ETF | 9.12% | 6.01% | 10.30% | 11.16% | 10.08% | 6.31% | 6.47% | 4.58% | 5.62% | 7.08% | 8.75% | 2.32% |
XFR.TO iShares Floating Rate Index ETF | 2.77% | 3.23% | 4.93% | 4.91% | 1.84% | 0.30% | 1.07% | 1.99% | 1.64% | 0.92% | 0.65% | 0.95% |
Frequently Asked Questions
XFR.TO and GLCC.TO have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XFR.TO is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XFR.TO is cheaper with a 0.14% expense ratio, compared with 0.79% for GLCC.TO.
XFR.TO is categorized as Canadian Government Bonds, while GLCC.TO is Derivative Income. They also come from different issuers: iShares and Global X. Their fees differ too: 0.14% for XFR.TO and 0.79% for GLCC.TO.
Find the right allocation for XFR.TO and GLCC.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer