YAVG.NEO vs. BKCC.TO
YAVG.NEO (Broadcom (AVGO) Yield Shares Purpose ETF) and BKCC.TO (Global X Equal Weight Canadian Bank Covered Call ETF) are both Derivative Income funds. Both are actively managed. Over the past year, YAVG.NEO returned 133.32% vs 41.73% for BKCC.TO. At a 0.24 correlation, their price movements are largely independent.
Performance
YAVG.NEO vs. BKCC.TO - Performance Comparison
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Returns By Period
In the year-to-date period, YAVG.NEO achieves a 59.96% return, which is significantly higher than BKCC.TO's 14.24% return.
YAVG.NEO
- 1D
- -0.50%
- 1M
- 16.03%
- YTD
- 59.96%
- 6M
- 46.17%
- 1Y
- 133.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BKCC.TO
- 1D
- -0.27%
- 1M
- 3.92%
- YTD
- 14.24%
- 6M
- 18.13%
- 1Y
- 41.73%
- 3Y*
- 22.19%
- 5Y*
- 10.06%
- 10Y*
- 9.35%
YAVG.NEO vs. BKCC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
YAVG.NEO Broadcom (AVGO) Yield Shares Purpose ETF | 59.96% | 57.91% |
BKCC.TO Global X Equal Weight Canadian Bank Covered Call ETF | 14.24% | 28.48% |
Correlation
The correlation between YAVG.NEO and BKCC.TO is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2025 | 0.24 |
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Return for Risk
YAVG.NEO vs. BKCC.TO — Risk / Return Rank
YAVG.NEO
BKCC.TO
YAVG.NEO vs. BKCC.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Broadcom (AVGO) Yield Shares Purpose ETF (YAVG.NEO) and Global X Equal Weight Canadian Bank Covered Call ETF (BKCC.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.
| YAVG.NEO | BKCC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.26 | ||
| Sortino ratioReturn per unit of downside risk | -2.23 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.80 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 5.18 | 5.75 | -0.57 |
| Martin ratioReturn relative to average drawdown | 15.35 | 26.70 | -11.35 |
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
| YAVG.NEO | BKCC.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.81 | 4.06 | -1.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.79 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.03 | 0.00 | +2.03 |
Drawdowns
YAVG.NEO vs. BKCC.TO - Drawdown Comparison
The maximum YAVG.NEO drawdown since its inception was -39.57%, roughly equal to the maximum BKCC.TO drawdown of -41.18%. Use the drawdown chart below to compare losses from any high point for YAVG.NEO and BKCC.TO.
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Drawdown Indicators
| YAVG.NEO | BKCC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.57% | -41.18% | +1.61% |
Max Drawdown (1Y)Largest decline over 1 year | -25.90% | -7.30% | -18.60% |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.16% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.02% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.18% | — |
Current DrawdownCurrent decline from peak | -0.50% | -1.42% | +0.92% |
Average DrawdownAverage peak-to-trough decline | -8.26% | -5.91% | -2.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.72% | 1.57% | +7.15% |
Volatility
YAVG.NEO vs. BKCC.TO - Volatility Comparison
Broadcom (AVGO) Yield Shares Purpose ETF (YAVG.NEO) has a higher volatility of 11.15% compared to Global X Equal Weight Canadian Bank Covered Call ETF (BKCC.TO) at 3.59%. This indicates that YAVG.NEO's price experiences larger fluctuations and is considered to be riskier than BKCC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| YAVG.NEO | BKCC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.15% | 3.59% | +7.56% |
Volatility (6M)Calculated over the trailing 6-month period | 37.61% | 9.18% | +28.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.84% | 10.31% | +37.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.43% | 12.99% | +39.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.43% | 16.99% | +35.44% |
Dividends
YAVG.NEO vs. BKCC.TO - Dividend Comparison
YAVG.NEO's dividend yield for the trailing twelve months is around 21.76%, more than BKCC.TO's 9.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BKCC.TO Global X Equal Weight Canadian Bank Covered Call ETF | 9.52% | 10.43% | 12.30% | 10.93% | 8.23% | 5.52% | 5.92% | 5.44% | 6.24% | 5.76% | 5.79% | 7.35% |
YAVG.NEO Broadcom (AVGO) Yield Shares Purpose ETF | 21.76% | 8.90% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
YAVG.NEO and BKCC.TO have a correlation of 0.20, 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: Purpose Investments and Global X.
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