XUS.TO vs. USCC.TO
XUS.TO (iShares Core S&P 500 Index ETF) and USCC.TO (Global X S&P 500 Covered Call ETF) are both exchange-traded funds - XUS.TO is a S&P 500 fund tracking the S&P 500 Index, while USCC.TO is a Derivative Income fund actively managed by Global X. XUS.TO is passively managed, while USCC.TO is actively managed. Over the past 10 years, XUS.TO returned 15.98%/yr vs 11.31%/yr for USCC.TO. At a 0.50 correlation, their price movements are largely independent. XUS.TO charges 0.09%/yr vs 0.49%/yr for USCC.TO.
Performance
XUS.TO vs. USCC.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XUS.TO achieves a 12.21% return, which is significantly higher than USCC.TO's 9.71% return. Over the past 10 years, XUS.TO has outperformed USCC.TO with an annualized return of 15.98%, while USCC.TO has yielded a comparatively lower 11.31% annualized return.
XUS.TO
- 1D
- -0.31%
- 1M
- 7.22%
- YTD
- 12.21%
- 6M
- 10.39%
- 1Y
- 29.30%
- 3Y*
- 23.52%
- 5Y*
- 16.78%
- 10Y*
- 15.98%
USCC.TO
- 1D
- 0.10%
- 1M
- 6.39%
- YTD
- 9.71%
- 6M
- 8.43%
- 1Y
- 24.60%
- 3Y*
- 17.81%
- 5Y*
- 11.38%
- 10Y*
- 11.31%
XUS.TO vs. USCC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XUS.TO iShares Core S&P 500 Index ETF | 12.21% | 12.19% | 35.16% | 23.31% | -12.59% | 27.20% | 15.56% | 24.57% | 3.31% | 13.56% |
USCC.TO Global X S&P 500 Covered Call ETF | 9.71% | 9.20% | 31.13% | 13.91% | -10.22% | 20.61% | 9.31% | 15.08% | 0.57% | 6.31% |
Correlation
The correlation between XUS.TO and USCC.TO is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2014 | 0.50 |
Over the past year, XUS.TO and USCC.TO have become more correlated (0.94) than their long-term average of 0.50, meaning their price movements have been converging.
XUS.TO vs. USCC.TO - Sectors Allocation Comparison
Sectors
XUS.TO
USCC.TO
Technology
Financial Services
Communication Services
Consumer Cyclical
Healthcare
Industrials
Consumer Defensive
Energy
Utilities
Real Estate
Basic Materials
Technology
XUS.TO
USCC.TO
Financial Services
XUS.TO
USCC.TO
Communication Services
XUS.TO
USCC.TO
Consumer Cyclical
XUS.TO
USCC.TO
Healthcare
XUS.TO
USCC.TO
Industrials
XUS.TO
USCC.TO
Consumer Defensive
XUS.TO
USCC.TO
Energy
XUS.TO
USCC.TO
Utilities
XUS.TO
USCC.TO
Real Estate
XUS.TO
USCC.TO
Basic Materials
XUS.TO
USCC.TO
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Return for Risk
XUS.TO vs. USCC.TO — Risk / Return Rank
XUS.TO
USCC.TO
XUS.TO vs. USCC.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P 500 Index ETF (XUS.TO) and Global X S&P 500 Covered Call ETF (USCC.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.
| XUS.TO | USCC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.53 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.41 | 3.68 | -0.27 |
| Martin ratioReturn relative to average drawdown | 12.94 | 15.14 | -2.20 |
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
| XUS.TO | USCC.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.55 | 2.65 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.13 | 0.93 | +0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.98 | 0.96 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.08 | 0.95 | +0.13 |
Drawdowns
XUS.TO vs. USCC.TO - Drawdown Comparison
The maximum XUS.TO drawdown since its inception was -27.23%, roughly equal to the maximum USCC.TO drawdown of -28.48%. Use the drawdown chart below to compare losses from any high point for XUS.TO and USCC.TO.
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Drawdown Indicators
| XUS.TO | USCC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.23% | -28.48% | +1.25% |
Max Drawdown (1Y)Largest decline over 1 year | -8.63% | -6.71% | -1.92% |
Max Drawdown (3Y)Largest decline over 3 years | -18.96% | -17.55% | -1.41% |
Max Drawdown (5Y)Largest decline over 5 years | -21.85% | -17.55% | -4.30% |
Max Drawdown (10Y)Largest decline over 10 years | -27.23% | -28.48% | +1.25% |
Current DrawdownCurrent decline from peak | -0.31% | 0.00% | -0.31% |
Average DrawdownAverage peak-to-trough decline | -3.46% | -3.46% | 0.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.27% | 1.63% | +0.64% |
Volatility
XUS.TO vs. USCC.TO - Volatility Comparison
iShares Core S&P 500 Index ETF (XUS.TO) has a higher volatility of 3.19% compared to Global X S&P 500 Covered Call ETF (USCC.TO) at 2.12%. This indicates that XUS.TO's price experiences larger fluctuations and is considered to be riskier than USCC.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.TO | USCC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.19% | 2.12% | +1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 8.66% | 7.45% | +1.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.58% | 9.32% | +2.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.92% | 14.97% | -0.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.48% | 17.36% | -0.88% |
XUS.TO vs. USCC.TO - Expense Ratio Comparison
XUS.TO has a 0.09% expense ratio, which is lower than USCC.TO's 0.49% expense ratio.
Dividends
XUS.TO vs. USCC.TO - Dividend Comparison
XUS.TO's dividend yield for the trailing twelve months is around 1.12%, less than USCC.TO's 9.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USCC.TO Global X S&P 500 Covered Call ETF | 9.56% | 10.20% | 9.65% | 8.50% | 7.94% | 4.02% | 3.85% | 3.89% | 4.76% | 4.29% | 4.68% | 4.78% |
XUS.TO iShares Core S&P 500 Index ETF | 1.12% | 1.26% | 1.03% | 1.22% | 1.38% | 0.99% | 1.35% | 2.02% | 1.77% | 1.48% | 1.66% | 1.70% |
Frequently Asked Questions
With a correlation of 0.94, XUS.TO and USCC.TO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, XUS.TO is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUS.TO is cheaper with a 0.09% expense ratio, compared with 0.49% for USCC.TO.
XUS.TO is categorized as S&P 500, while USCC.TO is Derivative Income. They also come from different issuers: iShares and Global X. Their fees differ too: 0.09% for XUS.TO and 0.49% for USCC.TO.
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