YNVD.NEO vs. USCL.TO

Last updated Apr 1, 2026

Compare and contrast key facts about NVIDIA (NVDA) Yield Shares Purpose ETF (YNVD.NEO) and Global X Enhanced S&P 500 Covered Call ETF (USCL.TO).

YNVD.NEO and USCL.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. YNVD.NEO is an actively managed fund by Purpose Investments. It was launched on Jan 18, 2024. USCL.TO is an actively managed fund by Global X. It was launched on Jul 5, 2023.

Performance

YNVD.NEO vs. USCL.TO - Performance Comparison

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

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

	2026 (YTD)	2025	2024
YNVD.NEO NVIDIA (NVDA) Yield Shares Purpose ETF	-5.25%	44.51%	133.89%
USCL.TO Global X Enhanced S&P 500 Covered Call ETF	-5.43%	10.03%	34.35%

Returns By Period

The year-to-date returns for both stocks are quite close, with YNVD.NEO having a -5.25% return and USCL.TO slightly lower at -5.43%.

YNVD.NEO

• 1D: 6.02%
• 1M: -2.45%
• YTD: -5.25%
• 6M: 0.54%
• 1Y: 76.97%
• 3Y*: —
• 5Y*: —
• 10Y*: —

USCL.TO

• 1D: 0.00%
• 1M: -6.20%
• YTD: -5.43%
• 6M: -3.57%
• 1Y: 8.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

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

YNVD.NEO has a 1.94% expense ratio, which is higher than USCL.TO's 0.04% expense ratio.

YNVD.NEO

NVIDIA (NVDA) Yield Shares Purpose ETF

USCL.TO

Global X Enhanced S&P 500 Covered Call ETF

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

YNVD.NEO

YNVD.NEO Risk / Return Rank: 89
YNVD.NEO Sharpe Ratio Rank: 86
YNVD.NEO Sortino Ratio Rank: 88
YNVD.NEO Omega Ratio Rank: 84
YNVD.NEO Calmar Ratio Rank: 96
YNVD.NEO Martin Ratio Rank: 90

USCL.TO

USCL.TO Risk / Return Rank: 30
USCL.TO Sharpe Ratio Rank: 27
USCL.TO Sortino Ratio Rank: 28
USCL.TO Omega Ratio Rank: 32
USCL.TO Calmar Ratio Rank: 30
USCL.TO Martin Ratio Rank: 33

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.

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

This table presents a comparison of risk-adjusted performance metrics for NVIDIA (NVDA) Yield Shares Purpose ETF (YNVD.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.

	YNVD.NEO	USCL.TO	Difference
Sharpe ratio Return per unit of total volatility	1.79	0.45	+1.34
Sortino ratio Return per unit of downside risk	2.44	0.76	+1.68
Omega ratio Gain probability vs. loss probability	1.33	1.12	+0.21
Calmar ratio Return relative to maximum drawdown	4.28	0.67	+3.62
Martin ratio Return relative to average drawdown	11.85	2.74	+9.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current YNVD.NEO Sharpe Ratio is 1.79, which is higher than the USCL.TO Sharpe Ratio of 0.45. The chart below compares the historical Sharpe Ratios of YNVD.NEO and USCL.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	YNVD.NEO	USCL.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.79	0.45	+1.34
Sharpe Ratio (All Time) Calculated using the full available price history	1.31	1.04	+0.28

Correlation

The correlation between YNVD.NEO and USCL.TO is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

YNVD.NEO vs. USCL.TO - Dividend Comparison

YNVD.NEO's dividend yield for the trailing twelve months is around 26.10%, more than USCL.TO's 13.76% yield.

	TTM	2025	2024	2023
YNVD.NEO NVIDIA (NVDA) Yield Shares Purpose ETF	26.10%	23.48%	17.81%	0.00%
USCL.TO Global X Enhanced S&P 500 Covered Call ETF	13.76%	12.94%	11.57%	7.08%

Drawdowns

YNVD.NEO vs. USCL.TO - Drawdown Comparison

The maximum YNVD.NEO drawdown since its inception was -41.02%, 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 YNVD.NEO and USCL.TO.

Drawdown Indicators

	YNVD.NEO	USCL.TO	Difference
Max Drawdown Largest peak-to-trough decline	-41.02%	-21.85%	-19.17%
Max Drawdown (1Y) Largest decline over 1 year	-17.30%	-14.94%	-2.36%
Current Drawdown Current decline from peak	-11.21%	-8.56%	-2.65%
Average Drawdown Average peak-to-trough decline	-9.25%	-2.66%	-6.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.25%	3.63%	+2.62%

Volatility

YNVD.NEO vs. USCL.TO - Volatility Comparison

NVIDIA (NVDA) Yield Shares Purpose ETF (YNVD.NEO) has a higher volatility of 12.55% compared to Global X Enhanced S&P 500 Covered Call ETF (USCL.TO) at 5.13%. This indicates that YNVD.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.

Volatility by Period

	YNVD.NEO	USCL.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.55%	5.13%	+7.42%
Volatility (6M) Calculated over the trailing 6-month period	27.62%	9.48%	+18.14%
Volatility (1Y) Calculated over the trailing 1-year period	43.19%	20.04%	+23.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.40%	15.62%	+37.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	53.40%	15.62%	+37.78%