ACEP vs. GXLC

Last updated Jul 12, 2026

ACEP (ARS Core Equity Portfolio ETF) and GXLC (Global X U.S. 500 ETF) are both Large Cap Blend Equities funds. ACEP is actively managed, while GXLC is passively managed. A 0.78 correlation means they provide meaningful diversification when combined. ACEP charges 0.45%/yr vs 0.02%/yr for GXLC.

Performance

ACEP vs. GXLC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ARS Core Equity Portfolio ETF (ACEP) and Global X U.S. 500 ETF (GXLC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ACEP achieves a 22.76% return, which is significantly higher than GXLC's 11.30% return.

ACEP

• 1D: 0.22%
• 1M: 0.98%
• 6M: 16.94%
• YTD: 22.76%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GXLC

• 1D: 0.44%
• 1M: 2.56%
• 6M: 9.40%
• YTD: 11.30%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ACEP vs. GXLC - Yearly Performance Comparison

	2026 (YTD)	2025
ACEP ARS Core Equity Portfolio ETF	22.76%	8.00%
GXLC Global X U.S. 500 ETF	11.30%	4.88%

Correlation

The correlation between ACEP and GXLC is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 21, 2025	0.78

Return for Risk

ACEP vs. GXLC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ARS Core Equity Portfolio ETF (ACEP) and Global X U.S. 500 ETF (GXLC). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

ACEP vs. GXLC - Drawdown Comparison

The maximum ACEP drawdown since its inception was -7.06%, smaller than the maximum GXLC drawdown of -9.08%. Use the drawdown chart below to compare losses from any high point for ACEP and GXLC.

Drawdown Indicators

	ACEP	GXLC	Difference
Max Drawdown Largest peak-to-trough decline	-7.06%	-9.08%	+2.02%
Current Drawdown Current decline from peak	-1.95%	-0.37%	-1.58%
Average Drawdown Average peak-to-trough decline	-1.62%	-1.56%	-0.06%

Volatility

Volatility by Period

	ACEP	GXLC	Difference
Volatility (1Y) Calculated over the trailing 1-year period	17.40%	13.61%	+3.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.40%	13.61%	+3.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.40%	13.61%	+3.79%

ACEP vs. GXLC - Expense Ratio Comparison

ACEP has a 0.45% expense ratio, which is higher than GXLC's 0.02% expense ratio.

Dividends

ACEP vs. GXLC - Dividend Comparison

ACEP's dividend yield for the trailing twelve months is around 0.11%, less than GXLC's 0.63% yield.

Position	TTM	2025
ACEP ARS Core Equity Portfolio ETF	0.11%	0.14%
GXLC Global X U.S. 500 ETF	0.63%	0.30%

Frequently Asked Questions

Can I hold both ACEP and GXLC in my portfolio?

ACEP and GXLC have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ACEP or GXLC?

On fees, GXLC is cheaper at 0.02% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ACEP or GXLC?

GXLC is cheaper with a 0.02% expense ratio, compared with 0.45% for ACEP.

Which ETF pays a higher dividend yield, ACEP or GXLC?

GXLC has the higher dividend yield at 0.63%, compared with 0.11% for ACEP.

What is the main difference between ACEP and GXLC?

They also come from different issuers: ARS Investment Partners and Global X. Their fees differ too: 0.45% for ACEP and 0.02% for GXLC.