DMAY vs. GXLC

Last updated Jun 24, 2026

DMAY (FT Cboe Vest U.S. Equity Deep Buffer ETF - May) and GXLC (Global X U.S. 500 ETF) are both Large Cap Blend Equities funds - DMAY tracks the Cboe S&P 500 30% (-5% to -35%) Buffer Protect May Series Index while GXLC tracks the Solactive GBS United States 500 Index. Both are passively managed. Their correlation of 0.92 suggests significant overlap in exposure. DMAY charges 0.85%/yr vs 0.02%/yr for GXLC.

Performance

DMAY vs. GXLC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Cboe Vest U.S. Equity Deep Buffer ETF - May (DMAY) 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, DMAY achieves a 3.36% return, which is significantly lower than GXLC's 8.31% return.

DMAY

• 1D: -0.56%
• 1M: -0.40%
• YTD: 3.36%
• 6M: 3.37%
• 1Y: 10.73%
• 3Y*: 11.27%
• 5Y*: 6.78%
• 10Y*: —

GXLC

• 1D: -1.32%
• 1M: -1.12%
• YTD: 8.31%
• 6M: 7.39%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DMAY vs. GXLC - Yearly Performance Comparison

	2026 (YTD)	2025
DMAY FT Cboe Vest U.S. Equity Deep Buffer ETF - May	3.36%	2.34%
GXLC Global X U.S. 500 ETF	8.31%	3.22%

Correlation

The correlation between DMAY and GXLC is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 24, 2025	0.92

Return for Risk

DMAY vs. GXLC — Risk / Return Rank

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

DMAY

DMAY Risk / Return Rank: 78
DMAY Sharpe Ratio Rank: 73
DMAY Sortino Ratio Rank: 77
DMAY Omega Ratio Rank: 85
DMAY Calmar Ratio Rank: 69
DMAY Martin Ratio Rank: 88

GXLC

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

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.

DMAY vs. GXLC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest U.S. Equity Deep Buffer ETF - May (DMAY) 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.

	DMAY	GXLC	Difference
Sharpe ratio: Return per unit of total volatility	2.14	—	—
Sortino ratio: Return per unit of downside risk	3.13	—	—
Omega ratio: Gain probability vs. loss probability	1.47	—	—
Calmar ratio: Return relative to maximum drawdown	3.23	—	—
Martin ratio: Return relative to average drawdown	18.05	—	—

Drawdowns

DMAY vs. GXLC - Drawdown Comparison

The maximum DMAY drawdown since its inception was -13.90%, which is greater than GXLC's maximum drawdown of -9.08%. Use the drawdown chart below to compare losses from any high point for DMAY and GXLC.

Drawdown Indicators

	DMAY	GXLC	Difference
Max Drawdown Largest peak-to-trough decline	-13.90%	-9.08%	-4.82%
Max Drawdown (1Y) Largest decline over 1 year	-3.36%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-12.38%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-13.90%	—	—
Current Drawdown Current decline from peak	-1.31%	-3.05%	+1.74%
Average Drawdown Average peak-to-trough decline	-2.23%	-1.54%	-0.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.60%	—	—

Volatility

Volatility by Period

	DMAY	GXLC	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.26%	—	—
Volatility (6M) Calculated over the trailing 6-month period	4.30%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	5.09%	13.85%	-8.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.07%	13.85%	-4.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.43%	13.85%	-5.42%

DMAY vs. GXLC - Expense Ratio Comparison

DMAY has a 0.85% expense ratio, which is higher than GXLC's 0.02% expense ratio.

Dividends

DMAY vs. GXLC - Dividend Comparison

DMAY has not paid dividends to shareholders, while GXLC's dividend yield for the trailing twelve months is around 0.65%.

Position	TTM	2025
DMAY FT Cboe Vest U.S. Equity Deep Buffer ETF - May	0.00%	0.00%
GXLC Global X U.S. 500 ETF	0.65%	0.30%

Frequently Asked Questions

Can I hold both DMAY and GXLC in my portfolio?

With a correlation of 0.92, DMAY 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, DMAY 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, DMAY or GXLC?

GXLC is cheaper with a 0.02% expense ratio, compared with 0.85% for DMAY.

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

GXLC has the higher dividend yield at 0.65%, compared with 0.00% for DMAY.

What is the main difference between DMAY and GXLC?

DMAY tracks Cboe S&P 500 30% (-5% to -35%) Buffer Protect May Series Index, while GXLC tracks Solactive GBS United States 500 Index. They also come from different issuers: First Trust and Global X. Their fees differ too: 0.85% for DMAY and 0.02% for GXLC.