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

XUS-U.TO vs. USCC-U.TO

Last updated Jul 16, 2026
Documentation

XUS-U.TO (iShares Core S&P 500 Index ETF) and USCC-U.TO (Global X S&P 500 Covered Call ETF) are both S&P 500 funds. XUS-U.TO is passively managed, while USCC-U.TO is actively managed. Over the past 5 years, XUS-U.TO returned 12.85%/yr vs 9.76%/yr for USCC-U.TO. At a 0.38 correlation, their price movements are largely independent.

Performance

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

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core S&P 500 Index ETF (XUS-U.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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Returns By Period

In the year-to-date period, XUS-U.TO achieves a 10.41% return, which is significantly higher than USCC-U.TO's 7.58% return.

XUS-U.TO

1D
0.21%
1M
0.22%
6M
9.85%
YTD
10.41%
1Y
21.81%
3Y*
20.15%
5Y*
12.85%
10Y*
—

USCC-U.TO

1D
0.13%
1M
1.98%
6M
7.58%
YTD
7.58%
1Y
19.02%
3Y*
16.01%
5Y*
9.76%
10Y*
11.82%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)2025202420232022202120202019
XUS-U.TO
iShares Core S&P 500 Index ETF		10.41%18.07%24.74%26.55%-18.73%27.72%18.39%8.13%
USCC-U.TO
Global X S&P 500 Covered Call ETF		7.58%14.45%22.34%20.53%-14.60%24.15%12.82%6.98%

Correlation

The correlation between XUS-U.TO and USCC-U.TO is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.52

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

0.56

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

0.43

Correlation (All Time)
Calculated using the full available price history since Oct 15, 2019

0.38

The correlation between XUS-U.TO and USCC-U.TO shifts across timeframes, from 0.38 (all time) to 0.56 (3 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Core S&P 500 Index ETF

Global X S&P 500 Covered Call ETF

Often compared with XUS-U.TO:
XUS-U.TO vs. VFV.TOXUS-U.TO vs. XIC.TOXUS-U.TO vs. XQQ.TOXUS-U.TO vs. IVVXUS-U.TO vs. XEQT.TOXUS-U.TO vs. VOOXUS-U.TO vs. CHPS

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XUS-U.TO
XUS-U.TO Risk / Return Rank: 6666
Overall Rank
XUS-U.TO Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
XUS-U.TO Sortino Ratio Rank: 6767
Sortino Ratio Rank
XUS-U.TO Omega Ratio Rank: 6666
Omega Ratio Rank
XUS-U.TO Calmar Ratio Rank: 5858
Calmar Ratio Rank
XUS-U.TO Martin Ratio Rank: 7272
Martin Ratio Rank
USCC-U.TO
USCC-U.TO Risk / Return Rank: 7171
Overall Rank
USCC-U.TO Sharpe Ratio Rank: 7272
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: 6161
Calmar Ratio Rank
USCC-U.TO Martin Ratio Rank: 7474
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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P 500 Index ETF (XUS-U.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.

XUS-U.TOUSCC-U.TODifference
Sharpe ratioReturn per unit of total volatility
1.75
1.87

-0.12

Sortino ratioReturn per unit of downside risk
2.47
2.56

-0.09

Omega ratioGain probability vs. loss probability

1.32

1.37

-0.06

Calmar ratioReturn relative to maximum drawdown

2.35

2.47

-0.12

Martin ratioReturn relative to average drawdown

10.57

10.91

-0.34

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

The current XUS-U.TO Sharpe Ratio is 1.75, which is comparable to the USCC-U.TO Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of XUS-U.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

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

The maximum XUS-U.TO drawdown since its inception was -33.55%, smaller than the maximum USCC-U.TO drawdown of -41.14%. Use the drawdown chart below to compare losses from any high point for XUS-U.TO and USCC-U.TO.

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Drawdown Indicators

XUS-U.TOUSCC-U.TODifference

Max Drawdown

Largest peak-to-trough decline

-33.55%

-41.14%

+7.59%

Max Drawdown (1Y)

Largest decline over 1 year

-9.30%

-7.72%

-1.58%

Max Drawdown (3Y)

Largest decline over 3 years

-18.65%

-17.00%

-1.65%

Max Drawdown (5Y)

Largest decline over 5 years

-24.96%

-23.14%

-1.82%

Max Drawdown (10Y)

Largest decline over 10 years

—

-41.14%

—

Current Drawdown

Current decline from peak

-0.53%

-0.70%

+0.17%

Average Drawdown

Average peak-to-trough decline

-5.38%

-5.21%

-0.17%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.07%

1.75%

+0.32%

Volatility

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

iShares Core S&P 500 Index ETF (XUS-U.TO) has a higher volatility of 3.19% compared to Global X S&P 500 Covered Call ETF (USCC-U.TO) at 2.94%. This indicates that XUS-U.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

XUS-U.TOUSCC-U.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.19%

2.94%

+0.25%

Volatility (6M)

Calculated over the trailing 6-month period

10.11%

8.28%

+1.83%

Volatility (1Y)

Calculated over the trailing 1-year period

12.54%

10.24%

+2.30%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.78%

14.73%

+2.05%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.11%

24.43%

-5.32%

Dividends

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

XUS-U.TO's dividend yield for the trailing twelve months is around 1.14%, less than USCC-U.TO's 9.66% yield.

PositionTTM20252024202320222021202020192018201720162015
USCC-U.TO
Global X S&P 500 Covered Call ETF		9.66%9.88%10.20%11.22%10.76%5.11%4.95%5.09%6.49%5.36%5.62%6.13%
XUS-U.TO
iShares Core S&P 500 Index ETF		1.14%1.25%1.04%1.19%1.38%0.89%1.20%0.05%0.00%0.00%0.00%0.00%

Frequently Asked Questions

XUS-U.TO and USCC-U.TO have a correlation of 0.52, 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: iShares and Global X.

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