YAVG.NEO vs. USCL.TO
YAVG.NEO (Broadcom (AVGO) Yield Shares Purpose ETF) and USCL.TO (Global X Enhanced S&P 500 Covered Call ETF) are both Derivative Income funds. Both are actively managed. Over the past year, YAVG.NEO returned 133.32% vs 29.89% for USCL.TO. At a 0.40 correlation, their price movements are largely independent.
Performance
YAVG.NEO vs. USCL.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 USCL.TO's 11.57% return.
YAVG.NEO
- 1D
- -0.50%
- 1M
- 16.03%
- YTD
- 59.96%
- 6M
- 46.17%
- 1Y
- 133.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USCL.TO
- 1D
- -0.08%
- 1M
- 7.59%
- YTD
- 11.57%
- 6M
- 9.93%
- 1Y
- 29.89%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
YAVG.NEO vs. USCL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
YAVG.NEO Broadcom (AVGO) Yield Shares Purpose ETF | 59.96% | 57.91% |
USCL.TO Global X Enhanced S&P 500 Covered Call ETF | 11.57% | 7.02% |
Correlation
The correlation between YAVG.NEO and USCL.TO 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 | 0.40 |
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Return for Risk
YAVG.NEO vs. USCL.TO — Risk / Return Rank
YAVG.NEO
USCL.TO
YAVG.NEO vs. USCL.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 Enhanced S&P 500 Covered Call ETF (USCL.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 | USCL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.49 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 5.18 | 3.51 | +1.67 |
| Martin ratioReturn relative to average drawdown | 15.35 | 14.29 | +1.05 |
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 | USCL.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.81 | 2.55 | +0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.03 | 1.42 | +0.62 |
Drawdowns
YAVG.NEO vs. USCL.TO - Drawdown Comparison
The maximum YAVG.NEO drawdown since its inception was -39.57%, which is greater than USCL.TO's maximum drawdown of -21.85%. Use the drawdown chart below to compare losses from any high point for YAVG.NEO and USCL.TO.
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Drawdown Indicators
| YAVG.NEO | USCL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.57% | -21.85% | -17.72% |
Max Drawdown (1Y)Largest decline over 1 year | -25.90% | -8.56% | -17.34% |
Current DrawdownCurrent decline from peak | -0.50% | -0.08% | -0.42% |
Average DrawdownAverage peak-to-trough decline | -8.26% | -2.55% | -5.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.72% | 2.10% | +6.62% |
Volatility
YAVG.NEO vs. USCL.TO - Volatility Comparison
Broadcom (AVGO) Yield Shares Purpose ETF (YAVG.NEO) has a higher volatility of 11.15% compared to Global X Enhanced S&P 500 Covered Call ETF (USCL.TO) at 2.86%. This indicates that YAVG.NEO's price experiences larger fluctuations and is considered to be riskier than USCL.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 | USCL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.15% | 2.86% | +8.29% |
Volatility (6M)Calculated over the trailing 6-month period | 37.61% | 9.31% | +28.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.84% | 11.79% | +36.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.43% | 15.44% | +36.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.43% | 15.44% | +36.99% |
Dividends
YAVG.NEO vs. USCL.TO - Dividend Comparison
YAVG.NEO's dividend yield for the trailing twelve months is around 21.76%, more than USCL.TO's 11.95% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
USCL.TO Global X Enhanced S&P 500 Covered Call ETF | 11.95% | 12.94% | 11.57% | 7.08% |
YAVG.NEO Broadcom (AVGO) Yield Shares Purpose ETF | 21.76% | 8.90% | 0.00% | 0.00% |
Frequently Asked Questions
YAVG.NEO and USCL.TO 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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