YAVG.NEO vs. EMCC.NEO
YAVG.NEO (Broadcom (AVGO) Yield Shares Purpose ETF) and EMCC.NEO (Global X MSCI Emerging Markets Covered Call ETF) are both Derivative Income funds. YAVG.NEO is actively managed, while EMCC.NEO is passively managed. Over the past year, YAVG.NEO returned 133.32% vs 43.26% for EMCC.NEO. At a 0.37 correlation, their price movements are largely independent.
Performance
YAVG.NEO vs. EMCC.NEO - 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 EMCC.NEO's 21.82% return.
YAVG.NEO
- 1D
- -0.50%
- 1M
- 16.03%
- YTD
- 59.96%
- 6M
- 46.17%
- 1Y
- 133.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EMCC.NEO
- 1D
- -0.56%
- 1M
- 9.37%
- YTD
- 21.82%
- 6M
- 22.45%
- 1Y
- 43.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
YAVG.NEO vs. EMCC.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
YAVG.NEO Broadcom (AVGO) Yield Shares Purpose ETF | 59.96% | 57.91% |
EMCC.NEO Global X MSCI Emerging Markets Covered Call ETF | 21.82% | 14.90% |
Correlation
The correlation between YAVG.NEO and EMCC.NEO is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2025 | 0.37 |
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Return for Risk
YAVG.NEO vs. EMCC.NEO — Risk / Return Rank
YAVG.NEO
EMCC.NEO
YAVG.NEO vs. EMCC.NEO - 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 MSCI Emerging Markets Covered Call ETF (EMCC.NEO). 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 | EMCC.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.53 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 5.18 | 3.96 | +1.22 |
| Martin ratioReturn relative to average drawdown | 15.35 | 14.96 | +0.39 |
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 | EMCC.NEO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.81 | 2.71 | +0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.03 | 1.46 | +0.57 |
Drawdowns
YAVG.NEO vs. EMCC.NEO - Drawdown Comparison
The maximum YAVG.NEO drawdown since its inception was -39.57%, which is greater than EMCC.NEO's maximum drawdown of -14.96%. Use the drawdown chart below to compare losses from any high point for YAVG.NEO and EMCC.NEO.
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Drawdown Indicators
| YAVG.NEO | EMCC.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.57% | -14.96% | -24.61% |
Max Drawdown (1Y)Largest decline over 1 year | -25.90% | -10.97% | -14.93% |
Current DrawdownCurrent decline from peak | -0.50% | -0.56% | +0.06% |
Average DrawdownAverage peak-to-trough decline | -8.26% | -1.91% | -6.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.72% | 2.90% | +5.82% |
Volatility
YAVG.NEO vs. EMCC.NEO - Volatility Comparison
Broadcom (AVGO) Yield Shares Purpose ETF (YAVG.NEO) has a higher volatility of 11.15% compared to Global X MSCI Emerging Markets Covered Call ETF (EMCC.NEO) at 5.96%. This indicates that YAVG.NEO's price experiences larger fluctuations and is considered to be riskier than EMCC.NEO 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 | EMCC.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.15% | 5.96% | +5.19% |
Volatility (6M)Calculated over the trailing 6-month period | 37.61% | 14.33% | +23.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.84% | 16.06% | +31.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.43% | 15.83% | +36.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.43% | 15.83% | +36.60% |
Dividends
YAVG.NEO vs. EMCC.NEO - Dividend Comparison
YAVG.NEO's dividend yield for the trailing twelve months is around 21.76%, more than EMCC.NEO's 8.39% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
EMCC.NEO Global X MSCI Emerging Markets Covered Call ETF | 8.39% | 9.48% | 5.86% |
YAVG.NEO Broadcom (AVGO) Yield Shares Purpose ETF | 21.76% | 8.90% | 0.00% |
Frequently Asked Questions
YAVG.NEO and EMCC.NEO have a correlation of 0.37, 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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