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

XUSC.TO vs. USCC-U.TO

Last updated Jul 17, 2026
Documentation

XUSC.TO (iShares S&P 500 3% Capped Index ETF (CAD Units)) and USCC-U.TO (Global X S&P 500 Covered Call ETF) are both exchange-traded funds - XUSC.TO is a Large Cap Blend Equities fund tracking the S&P 500 3% Capped Index, while USCC-U.TO is a S&P 500 fund actively managed by Global X. XUSC.TO is passively managed, while USCC-U.TO is actively managed. Over the past year, XUSC.TO returned 24.15% vs 22.52% for USCC-U.TO. A 0.52 correlation means they provide meaningful diversification when combined.

Performance

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

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares S&P 500 3% Capped Index ETF (CAD Units) (XUSC.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

XUSC.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, XUSC.TO achieves a 13.38% return, which is significantly higher than USCC-U.TO's 10.20% return.

XUSC.TO

1D
-0.53%
1M
0.08%
6M
9.86%
YTD
13.38%
1Y
24.15%
3Y*
—
5Y*
—
10Y*
—

USCC-U.TO

1D
-0.17%
1M
0.89%
6M
9.06%
YTD
10.20%
1Y
22.52%
3Y*
18.34%
5Y*
12.16%
10Y*
12.49%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)20252024
XUSC.TO
iShares S&P 500 3% Capped Index ETF (CAD Units)		13.38%11.40%10.66%
USCC-U.TO
Global X S&P 500 Covered Call ETF		10.20%9.23%13.61%

Correlation

The correlation between XUSC.TO and USCC-U.TO is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.44

Correlation (All Time)
Calculated using the full available price history since Jul 18, 2024

0.52

The correlation between XUSC.TO and USCC-U.TO has been stable across timeframes, ranging from 0.44 to 0.52 - a consistent structural relationship.

Compare stocks, funds, or ETFs

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

iShares S&P 500 3% Capped Index ETF (CAD Units)

Global X S&P 500 Covered Call ETF

Often compared with XUSC.TO:
XUSC.TO vs. ESG.TOXUSC.TO vs. XUS-U.TOXUSC.TO vs. XSP.TOXUSC.TO vs. ZEQL.TOXUSC.TO vs. VFV.TOXUSC.TO vs. ZUE.TOXUSC.TO vs. EQL.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

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XUSC.TO
XUSC.TO Risk / Return Rank: 7878
Overall Rank
XUSC.TO Sharpe Ratio Rank: 7979
Sharpe Ratio Rank
XUSC.TO Sortino Ratio Rank: 7878
Sortino Ratio Rank
XUSC.TO Omega Ratio Rank: 7777
Omega Ratio Rank
XUSC.TO Calmar Ratio Rank: 7777
Calmar Ratio Rank
XUSC.TO Martin Ratio Rank: 7777
Martin Ratio Rank
USCC-U.TO
USCC-U.TO Risk / Return Rank: 7474
Overall Rank
USCC-U.TO Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
USCC-U.TO Sortino Ratio Rank: 7373
Sortino Ratio Rank
USCC-U.TO Omega Ratio Rank: 8282
Omega Ratio Rank
USCC-U.TO Calmar Ratio Rank: 6464
Calmar Ratio Rank
USCC-U.TO Martin Ratio Rank: 7777
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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 3% Capped Index ETF (CAD Units) (XUSC.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.

XUSC.TOUSCC-U.TODifference
Sharpe ratioReturn per unit of total volatility
2.01
2.21

-0.20

Sortino ratioReturn per unit of downside risk
2.82
3.09

-0.27

Omega ratioGain probability vs. loss probability

1.36

1.41

-0.05

Calmar ratioReturn relative to maximum drawdown

3.19

3.33

-0.14

Martin ratioReturn relative to average drawdown

11.52

12.95

-1.43

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

The current XUSC.TO Sharpe Ratio is 2.01, which is comparable to the USCC-U.TO Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of XUSC.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

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

The maximum XUSC.TO drawdown since its inception was -18.31%, smaller than the maximum USCC-U.TO drawdown of -36.21%. Use the drawdown chart below to compare losses from any high point for XUSC.TO and USCC-U.TO.

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Drawdown Indicators

XUSC.TOUSCC-U.TODifference

Max Drawdown

Largest peak-to-trough decline

-18.31%

-36.21%

+17.90%

Max Drawdown (1Y)

Largest decline over 1 year

-7.60%

-6.80%

-0.80%

Max Drawdown (3Y)

Largest decline over 3 years

—

-18.22%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-18.22%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-36.21%

—

Current Drawdown

Current decline from peak

-2.11%

-1.09%

-1.02%

Average Drawdown

Average peak-to-trough decline

-2.59%

-4.87%

+2.28%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.10%

1.74%

+0.36%

Volatility

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

iShares S&P 500 3% Capped Index ETF (CAD Units) (XUSC.TO) has a higher volatility of 3.45% compared to Global X S&P 500 Covered Call ETF (USCC-U.TO) at 2.59%. This indicates that XUSC.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

XUSC.TOUSCC-U.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.45%

2.59%

+0.86%

Volatility (6M)

Calculated over the trailing 6-month period

9.42%

8.10%

+1.32%

Volatility (1Y)

Calculated over the trailing 1-year period

12.09%

10.27%

+1.82%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.64%

14.20%

+1.44%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.64%

24.70%

-9.06%

Dividends

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

XUSC.TO's dividend yield for the trailing twelve months is around 0.94%, 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%
XUSC.TO
iShares S&P 500 3% Capped Index ETF (CAD Units)		0.94%0.94%0.24%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

XUSC.TO and USCC-U.TO have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

XUSC.TO is categorized as Large Cap Blend Equities, while USCC-U.TO is S&P 500. They also come from different issuers: iShares and Global X.

Portfolio Optimizer

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

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