CDEI vs. GXLC

Last updated Aug 4, 2026

CDEI (Calvert US Large-Cap Diversity, Equity And Inclusion Index ETF) and GXLC (Global X U.S. 500 ETF) are both Large Cap Blend Equities funds - CDEI tracks the Russell 1000 Index while GXLC tracks the Solactive GBS United States 500 Index. Both are passively managed. Their correlation of 0.95 means they have usually moved in the same direction. CDEI charges 0.14%/yr vs 0.02%/yr for GXLC.

Performance

CDEI vs. GXLC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Calvert US Large-Cap Diversity, Equity And Inclusion Index ETF (CDEI) 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, CDEI achieves a 12.39% return, which is significantly higher than GXLC's 11.54% return.

CDEI

• 1D: 1.06%
• 1M: 1.19%
• 6M: 11.52%
• YTD: 12.39%
• 1Y: 25.48%
• 3Y*: 19.13%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 20.30%

GXLC

• 1D: 1.34%
• 1M: 1.54%
• 6M: 9.67%
• YTD: 11.54%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CDEI Calvert US Large-Cap Diversity, Equity And Inclusion Index ETF	$670.28K	$332.00K	$158.81K
GXLC Global X U.S. 500 ETF	$25.69K	$21.89K	$18.29K

CDEI vs. GXLC - Yearly Performance Comparison

	2026 (YTD)	2025
CDEI Calvert US Large-Cap Diversity, Equity And Inclusion Index ETF	12.39%	5.22%
GXLC Global X U.S. 500 ETF	11.54%	3.22%

Correlation

The correlation between CDEI and GXLC is 0.95, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 24, 2025	0.95

Return for Risk

CDEI vs. GXLC — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CDEI

CDEI Risk / Return Rank: 76
CDEI Sharpe Ratio Rank: 79
CDEI Sortino Ratio Rank: 78
CDEI Omega Ratio Rank: 76
CDEI Calmar Ratio Rank: 68
CDEI Martin Ratio Rank: 79

GXLC

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CDEI vs. GXLC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Calvert US Large-Cap Diversity, Equity And Inclusion Index ETF (CDEI) 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.

	CDEI	GXLC	Difference
Sharpe ratio: Return per unit of total volatility	1.97	—	—
Sortino ratio: Return per unit of downside risk	2.71	—	—
Omega ratio: Gain probability vs. loss probability	1.34	—	—
Calmar ratio: Return relative to maximum drawdown	2.59	—	—
Martin ratio: Return relative to average drawdown	11.03	—	—

Drawdowns

CDEI vs. GXLC - Drawdown Comparison

The maximum CDEI drawdown since its inception was -19.46%, which is greater than GXLC's maximum drawdown of -9.08%. Use the drawdown chart below to compare losses from any high point for CDEI and GXLC.

Drawdown Indicators

	CDEI	GXLC	Difference
Max Drawdown Largest peak-to-trough decline	-19.46%	-9.08%	-10.38%
Max Drawdown (1Y) Largest decline over 1 year	-9.88%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-19.46%	—	—
Current Drawdown Current decline from peak	0.00%	-0.16%	+0.16%
Average Drawdown Average peak-to-trough decline	-2.23%	-1.57%	-0.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.32%	—	—

Volatility

Volatility by Period

	CDEI	GXLC	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.86%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.50%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.03%	13.64%	-0.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.07%	13.64%	+1.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.07%	13.64%	+1.43%

CDEI vs. GXLC - Expense Ratio Comparison

CDEI has a 0.14% expense ratio, which is higher than GXLC's 0.02% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

CDEI vs. GXLC - Dividend Comparison

CDEI's dividend yield for the trailing twelve months is around 0.97%, more than GXLC's 0.63% yield.

Position	TTM	2025	2024	2023
CDEI Calvert US Large-Cap Diversity, Equity And Inclusion Index ETF	0.97%	1.05%	1.22%	1.16%
GXLC Global X U.S. 500 ETF	0.63%	0.30%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CDEI and GXLC in my portfolio?

With a correlation of 0.95, CDEI and GXLC move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, CDEI 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, CDEI or GXLC?

GXLC is cheaper with a 0.02% expense ratio, compared with 0.14% for CDEI.

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

CDEI has the higher dividend yield at 0.97%, compared with 0.63% for GXLC.

What is the main difference between CDEI and GXLC?

CDEI tracks Russell 1000 Index, while GXLC tracks Solactive GBS United States 500 Index. They also come from different issuers: Calvert and Global X. Their fees differ too: 0.14% for CDEI and 0.02% for GXLC.