USCC.TO vs ESPX.TO: Income Fund Comparison
Global X S&P 500 Covered Call ETF - Canada (USCC.TO) and Evolve S&P 500 Enhanced Yield Fund - Canada (ESPX.TO) are both income-focused funds. Below is our independent side-by-side review using the Dependable Income Investing 13-factor scoring system — designed specifically for income investors seeking reliable, sustainable distributions.
Also see: USCC.TO individual review · ESPX.TO individual review
USCC.TO: MER is 0.48% which is good. ESPX.TO: ETF Facts MER for the CAD hedged ESPX class is 0.66%. USCC.TO the fund was formed Sept 13 2011. ESPX.TO fund started January 9 2023 - about 3.7 years old - rounds up to 4 years. Full Dependability and Return scores for both funds are available in the app.
| USCC.TO | ESPX.TO | |
|---|---|---|
| Fund Name | Global X S&P 500 Covered Call ETF - Canada | Evolve S&P 500 Enhanced Yield Fund - Canada |
| Fund Type | Index Based Fund | Index Based Fund |
| Exchange | TSX | TSX |
| Last Reviewed | Dec 9, 2025 | Sep 8, 2026 |
| Author | Adam Hyde, Income Investing Analyst | |
🔒 Full scores available — with Premium subscription
Compare Performance — Free →Fund Attributes: USCC.TO vs ESPX.TO 20% of overall score
Fund Attributes cover the foundational characteristics of each fund: cost, company backing, track record, and size. These factors reflect stability and cost-efficiency for long-term income investors.
MER is 0.48% which is good.
ETF Facts MER for the CAD hedged ESPX class is 0.66%.
Has over $100 billion in assets under management worldwide.
Evolve now has over $10 billion in total assets under management.
The fund was formed Sept 13 2011.
Fund started January 9 2023 - about 3.7 years old - rounds up to 4 years.
$400 Million under management for USCC. $260 Million plus under management for USCL which is the leveraged version. Combined is over $660 Million.
Fund total net assets across all classes are about $364.5 million.
Risk: USCC.TO vs ESPX.TO 35% of overall score
Risk factors evaluate how each fund manages volatility, diversification, and the nature of its underlying assets — critical considerations for income investors who prioritise capital preservation.
According to Portfoliovisualizer the beta is low for this fund at 0.67 which is great.
Beta is 0.92 vs SPY (2023-01-20 to 2026-09-06) and standalone volatility (annualized weekly total returns) is about 13.2% - both point to a low-to-moderate volatility rating.
See the full Risk analysis for both USCC.TO and ESPX.TO — volatility ratings, diversification scores, and analyst notes.
View Plans →Return: USCC.TO vs ESPX.TO 45% of overall score
Return factors assess income generation quality: current yield, distribution consistency, price history, and payment frequency. This is the most heavily weighted category for income investors.
Monthly distributions.
Pays monthly - confirmed from the distribution history table.
See the full Return analysis for both USCC.TO and ESPX.TO — yield ratings, distribution consistency scores, and capital history.
View Plans →Our Review Methodology
Every fund reviewed on Dependable Income Investing is scored using our 13-factor Fund Report Card, organised into three weighted categories: Fund Attributes (20%), Risk (35%), and Return (45%). Each criterion is rated 1–5 by our analysts based on publicly available fund data.
We also calculate a Dependability Score — a weighted composite of six income-specific factors ranked by importance for retirement income investors: Yield Stability, Yield, Volatility, Capital History, Fund Risk, and Underlying Assets. This score answers the question income investors care about most: can I depend on this fund to pay me reliably?
Full scores, ratings, and analyst notes for both USCC.TO and ESPX.TO are available in the Dependable Income Investing app.
See our full scoring methodology →
Frequently Asked Questions: USCC.TO vs ESPX.TO
Which has a lower expense ratio, USCC.TO or ESPX.TO?
USCC.TO: MER is 0.48% which is good.
ESPX.TO: ETF Facts MER for the CAD hedged ESPX class is 0.66%.
Which fund has more assets under management, USCC.TO or ESPX.TO?
USCC.TO: $400 Million under management for USCC. $260 Million plus under management for USCL which is the leveraged version. Combined is over $660 Million.
ESPX.TO: Fund total net assets across all classes are about $364.5 million.
Which fund has been trading longer, USCC.TO or ESPX.TO?
USCC.TO: The fund was formed Sept 13 2011.
ESPX.TO: Fund started January 9 2023 - about 3.7 years old - rounds up to 4 years.
Who manages USCC.TO vs ESPX.TO?
USCC.TO: Has over $100 billion in assets under management worldwide.
ESPX.TO: Evolve now has over $10 billion in total assets under management.
Where can I see the full USCC.TO vs ESPX.TO comparison with scores?
The complete side-by-side comparison — including all Risk and Return scores, analyst notes, Overall Score, and Dependability Score for both funds — is available in the Dependable Income Investing app.
What is the difference between USCC.TO and ESPX.TO?
Global X S&P 500 Covered Call ETF - Canada is a Index Based Fund. MER is 0.48% which is good. Evolve S&P 500 Enhanced Yield Fund - Canada is a Index Based Fund. ETF Facts MER for the CAD hedged ESPX class is 0.66%. Full comparison including Dependability Score is available in the Dependable Income Investing app.
Which is better for income investors, USCC.TO or ESPX.TO?
USCC.TO: MER is 0.48% which is good. The fund was formed Sept 13 2011. ESPX.TO: ETF Facts MER for the CAD hedged ESPX class is 0.66%. Fund started January 9 2023 - about 3.7 years old - rounds up to 4 years. Which scores higher on Dependability and Return is available in the Dependable Income Investing app.
Do USCC.TO and ESPX.TO pay monthly distributions?
USCC.TO: Monthly distributions. ESPX.TO: Pays monthly - confirmed from the distribution history table. Full yield and distribution stability scores for both funds are available in the Dependable Income Investing app.
See the Full USCC.TO vs ESPX.TO Comparison
The Dependable Income Investing app gives you the complete picture: all 13 scoring factors for both funds, Risk and Return analyst notes, Dependability Scores, and tools to compare any income fund side by side.
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