YPLT.NEO vs. USCL.TO
YPLT.NEO (Palantir (PLTR) 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, YPLT.NEO returned 23.07% vs 31.01% for USCL.TO. At a 0.43 correlation, their price movements are largely independent. YPLT.NEO charges 0.40%/yr vs 0.04%/yr for USCL.TO.
Performance
YPLT.NEO vs. USCL.TO - Performance Comparison
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Returns By Period
In the year-to-date period, YPLT.NEO achieves a -12.90% return, which is significantly lower than USCL.TO's 12.21% return.
YPLT.NEO
- 1D
- -0.28%
- 1M
- 4.56%
- YTD
- -12.90%
- 6M
- -13.41%
- 1Y
- 23.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USCL.TO
- 1D
- 0.57%
- 1M
- 7.22%
- YTD
- 12.21%
- 6M
- 10.42%
- 1Y
- 31.01%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
YPLT.NEO vs. USCL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
YPLT.NEO Palantir (PLTR) Yield Shares Purpose ETF | -12.90% | 62.74% |
USCL.TO Global X Enhanced S&P 500 Covered Call ETF | 12.21% | 6.23% |
Correlation
The correlation between YPLT.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 20, 2025 | 0.43 |
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Return for Risk
YPLT.NEO vs. USCL.TO — Risk / Return Rank
YPLT.NEO
USCL.TO
YPLT.NEO vs. USCL.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Palantir (PLTR) Yield Shares Purpose ETF (YPLT.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.
| YPLT.NEO | USCL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.26 | ||
| Sortino ratioReturn per unit of downside risk | -2.60 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.51 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | 0.55 | 3.64 | -3.08 |
| Martin ratioReturn relative to average drawdown | 1.23 | 14.83 | -13.60 |
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
| YPLT.NEO | USCL.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.38 | 2.65 | -2.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 1.43 | -0.98 |
Drawdowns
YPLT.NEO vs. USCL.TO - Drawdown Comparison
The maximum YPLT.NEO drawdown since its inception was -41.92%, 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 YPLT.NEO and USCL.TO.
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Drawdown Indicators
| YPLT.NEO | USCL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.92% | -21.85% | -20.07% |
Max Drawdown (1Y)Largest decline over 1 year | -41.92% | -8.56% | -33.36% |
Current DrawdownCurrent decline from peak | -26.50% | 0.00% | -26.50% |
Average DrawdownAverage peak-to-trough decline | -15.41% | -2.55% | -12.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.82% | 2.10% | +16.72% |
Volatility
YPLT.NEO vs. USCL.TO - Volatility Comparison
Palantir (PLTR) Yield Shares Purpose ETF (YPLT.NEO) has a higher volatility of 13.68% compared to Global X Enhanced S&P 500 Covered Call ETF (USCL.TO) at 2.81%. This indicates that YPLT.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
| YPLT.NEO | USCL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.68% | 2.81% | +10.87% |
Volatility (6M)Calculated over the trailing 6-month period | 45.56% | 9.32% | +36.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.49% | 11.78% | +48.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 69.27% | 15.43% | +53.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.27% | 15.43% | +53.84% |
YPLT.NEO vs. USCL.TO - Expense Ratio Comparison
YPLT.NEO has a 0.40% expense ratio, which is higher than USCL.TO's 0.04% expense ratio.
Dividends
YPLT.NEO vs. USCL.TO - Dividend Comparison
YPLT.NEO's dividend yield for the trailing twelve months is around 47.84%, more than USCL.TO's 11.88% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
USCL.TO Global X Enhanced S&P 500 Covered Call ETF | 11.88% | 12.94% | 11.57% | 7.08% |
YPLT.NEO Palantir (PLTR) Yield Shares Purpose ETF | 47.84% | 14.71% | 0.00% | 0.00% |
Frequently Asked Questions
YPLT.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.
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 YPLT.NEO.
They also come from different issuers: Purpose and Global X. Their fees differ too: 0.40% for YPLT.NEO and 0.04% for USCL.TO.
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