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YGOG.NEO vs. USCL.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

YGOG.NEO vs. USCL.TO

Last updated Jun 4, 2026

YGOG.NEO (Alphabet (GOOGL) 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, YGOG.NEO returned 119.67% vs 29.89% for USCL.TO. At a 0.49 correlation, their price movements are largely independent. YGOG.NEO charges 0.40%/yr vs 0.04%/yr for USCL.TO.

Performance

YGOG.NEO vs. USCL.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Alphabet (GOOGL) Yield Shares Purpose ETF (YGOG.NEO) and Global X Enhanced S&P 500 Covered Call ETF (USCL.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, YGOG.NEO achieves a 10.76% return, which is significantly lower than USCL.TO's 11.57% return.

YGOG.NEO

1D
-0.97%
1M
-7.79%
YTD
10.76%
6M
8.82%
1Y
119.67%
3Y*
45.35%
5Y*
—
10Y*
—

USCL.TO

1D
-0.08%
1M
7.59%
YTD
11.57%
6M
9.93%
1Y
29.89%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

YGOG.NEO vs. USCL.TO - Yearly Performance Comparison

2026 (YTD)202520242023
YGOG.NEO
Alphabet (GOOGL) Yield Shares Purpose ETF		10.76%69.45%46.37%15.99%
USCL.TO
Global X Enhanced S&P 500 Covered Call ETF		11.57%10.03%38.54%4.33%

Correlation

The correlation between YGOG.NEO and USCL.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 7, 2023

0.49

YGOG.NEO vs. USCL.TO - Sectors Allocation Comparison

Sectors
YGOG.NEO
USCL.TO

Communication Services

100.0%
10.7%

Basic Materials

-

1.9%

Consumer Cyclical

-

10.1%

Consumer Defensive

-

5.4%

Energy

-

3.5%

Financial Services

-

12.3%

Healthcare

-

9.8%

Industrials

-

8.7%

Real Estate

-

2.0%

Technology

-

33.1%

Utilities

-

2.5%

Communication Services

YGOG.NEO
100.0%
USCL.TO
10.7%

Basic Materials

YGOG.NEO

-

USCL.TO
1.9%

Consumer Cyclical

YGOG.NEO

-

USCL.TO
10.1%

Consumer Defensive

YGOG.NEO

-

USCL.TO
5.4%

Energy

YGOG.NEO

-

USCL.TO
3.5%

Financial Services

YGOG.NEO

-

USCL.TO
12.3%

Healthcare

YGOG.NEO

-

USCL.TO
9.8%

Industrials

YGOG.NEO

-

USCL.TO
8.7%

Real Estate

YGOG.NEO

-

USCL.TO
2.0%

Technology

YGOG.NEO

-

USCL.TO
33.1%

Utilities

YGOG.NEO

-

USCL.TO
2.5%

Compare stocks, funds, or ETFs

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

Alphabet (GOOGL) Yield Shares Purpose ETF

Global X Enhanced S&P 500 Covered Call ETF

Often compared with YGOG.NEO:
YGOG.NEO vs. HBF.TOYGOG.NEO vs. MSHE.TOYGOG.NEO vs. CBNK.TOYGOG.NEO vs. HLIF.TOYGOG.NEO vs. GOGY.TOYGOG.NEO vs. UMAX.TOYGOG.NEO vs. TEC.TO
Often compared with USCL.TO:
USCL.TO vs. HYLD.TOUSCL.TO vs. MSTE.TOUSCL.TO vs. SDAY.NEOUSCL.TO vs. VFV.TOUSCL.TO vs. QQQYUSCL.TO vs. QQCL.TOUSCL.TO vs. TSLA.TO

Return for Risk

YGOG.NEO vs. USCL.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
YGOG.NEO
YGOG.NEO Risk / Return Rank: 9292
Overall Rank
YGOG.NEO Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
YGOG.NEO Sortino Ratio Rank: 9494
Sortino Ratio Rank
YGOG.NEO Omega Ratio Rank: 9292
Omega Ratio Rank
YGOG.NEO Calmar Ratio Rank: 9090
Calmar Ratio Rank
YGOG.NEO Martin Ratio Rank: 9090
Martin Ratio Rank
USCL.TO
USCL.TO Risk / Return Rank: 7575
Overall Rank
USCL.TO Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
USCL.TO Sortino Ratio Rank: 7575
Sortino Ratio Rank
USCL.TO Omega Ratio Rank: 8080
Omega Ratio Rank
USCL.TO Calmar Ratio Rank: 7070
Calmar Ratio Rank
USCL.TO Martin Ratio Rank: 7575
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.

YGOG.NEO vs. USCL.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alphabet (GOOGL) Yield Shares Purpose ETF (YGOG.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.

YGOG.NEOUSCL.TODifference

Sharpe ratio

Return per unit of total volatility

3.77

2.55

+1.22

Sortino ratio

Return per unit of downside risk

4.77

3.43

+1.34

Omega ratio

Gain probability vs. loss probability

1.61

1.49

+0.12

Calmar ratio

Return relative to maximum drawdown

5.52

3.51

+2.01

Martin ratio

Return relative to average drawdown

20.61

14.29

+6.32

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

YGOG.NEO vs. USCL.TO - Sharpe Ratio Comparison

The current YGOG.NEO Sharpe Ratio is 3.77, which is higher than the USCL.TO Sharpe Ratio of 2.55. The chart below compares the historical Sharpe Ratios of YGOG.NEO and USCL.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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Sharpe Ratios by Period

YGOG.NEOUSCL.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.77

2.55

+1.22

Sharpe Ratio (All Time)

Calculated using the full available price history

1.62

1.42

+0.20

Drawdowns

YGOG.NEO vs. USCL.TO - Drawdown Comparison

The maximum YGOG.NEO drawdown since its inception was -33.45%, 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 YGOG.NEO and USCL.TO.

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Drawdown Indicators

YGOG.NEOUSCL.TODifference

Max Drawdown

Largest peak-to-trough decline

-33.45%

-21.85%

-11.60%

Max Drawdown (1Y)

Largest decline over 1 year

-21.82%

-8.56%

-13.26%

Max Drawdown (3Y)

Largest decline over 3 years

-33.45%

—

—

Current Drawdown

Current decline from peak

-11.86%

-0.08%

-11.78%

Average Drawdown

Average peak-to-trough decline

-7.59%

-2.55%

-5.04%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.83%

2.10%

+3.73%

Volatility

YGOG.NEO vs. USCL.TO - Volatility Comparison

Alphabet (GOOGL) Yield Shares Purpose ETF (YGOG.NEO) has a higher volatility of 11.10% compared to Global X Enhanced S&P 500 Covered Call ETF (USCL.TO) at 2.86%. This indicates that YGOG.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

YGOG.NEOUSCL.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

11.10%

2.86%

+8.24%

Volatility (6M)

Calculated over the trailing 6-month period

22.75%

9.31%

+13.44%

Volatility (1Y)

Calculated over the trailing 1-year period

32.02%

11.79%

+20.23%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

32.94%

15.44%

+17.50%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

32.94%

15.44%

+17.50%

YGOG.NEO vs. USCL.TO - Expense Ratio Comparison

YGOG.NEO has a 0.40% expense ratio, which is higher than USCL.TO's 0.04% expense ratio.

Dividends

YGOG.NEO vs. USCL.TO - Dividend Comparison

YGOG.NEO's dividend yield for the trailing twelve months is around 8.15%, less than USCL.TO's 11.95% yield.

PositionTTM2025202420232022
USCL.TO
Global X Enhanced S&P 500 Covered Call ETF		11.95%12.94%11.57%7.08%0.00%
YGOG.NEO
Alphabet (GOOGL) Yield Shares Purpose ETF		8.15%5.84%14.19%7.22%0.91%

Frequently Asked Questions

YGOG.NEO and USCL.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.

On fees, USCL.TO is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.

USCL.TO is cheaper with a 0.04% expense ratio, compared with 0.40% for YGOG.NEO.

They also come from different issuers: Purpose and Global X. Their fees differ too: 0.40% for YGOG.NEO and 0.04% for USCL.TO.

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