DVSP vs. GXLC

Last updated Jul 15, 2026

DVSP (WEBs SPY Defined Volatility ETF) and GXLC (Global X U.S. 500 ETF) are both Large Cap Blend Equities funds - DVSP tracks the Syntax Defined Volatility US Large Cap 500 Index while GXLC tracks the Solactive GBS United States 500 Index. Both are passively managed. With a 0.96 correlation, they move nearly in lockstep. DVSP charges 0.89%/yr vs 0.02%/yr for GXLC.

Performance

DVSP vs. GXLC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WEBs SPY Defined Volatility ETF (DVSP) 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, DVSP achieves a 7.49% return, which is significantly lower than GXLC's 10.89% return.

DVSP

• 1D: 0.51%
• 1M: 1.82%
• 6M: 4.30%
• YTD: 7.49%
• 1Y: 22.27%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GXLC

• 1D: 0.38%
• 1M: 1.73%
• 6M: 9.12%
• YTD: 10.89%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DVSP vs. GXLC - Yearly Performance Comparison

	2026 (YTD)	2025
DVSP WEBs SPY Defined Volatility ETF	7.49%	2.04%
GXLC Global X U.S. 500 ETF	10.89%	3.22%

Correlation

The correlation between DVSP and GXLC is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 24, 2025	0.97

Return for Risk

DVSP vs. GXLC — Risk / Return Rank

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

DVSP

DVSP Risk / Return Rank: 36
DVSP Sharpe Ratio Rank: 37
DVSP Sortino Ratio Rank: 34
DVSP Omega Ratio Rank: 36
DVSP Calmar Ratio Rank: 34
DVSP Martin Ratio Rank: 41

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.

DVSP vs. GXLC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WEBs SPY Defined Volatility ETF (DVSP) 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.

	DVSP	GXLC	Difference
Sharpe ratio: Return per unit of total volatility	1.08	—	—
Sortino ratio: Return per unit of downside risk	1.51	—	—
Omega ratio: Gain probability vs. loss probability	1.20	—	—
Calmar ratio: Return relative to maximum drawdown	1.44	—	—
Martin ratio: Return relative to average drawdown	5.22	—	—

Drawdowns

DVSP vs. GXLC - Drawdown Comparison

The maximum DVSP drawdown since its inception was -22.71%, which is greater than GXLC's maximum drawdown of -9.08%. Use the drawdown chart below to compare losses from any high point for DVSP and GXLC.

Drawdown Indicators

	DVSP	GXLC	Difference
Max Drawdown Largest peak-to-trough decline	-22.71%	-9.08%	-13.63%
Max Drawdown (1Y) Largest decline over 1 year	-15.56%	—	—
Current Drawdown Current decline from peak	-3.49%	-0.74%	-2.75%
Average Drawdown Average peak-to-trough decline	-5.49%	-1.55%	-3.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.28%	—	—

Volatility

Volatility by Period

	DVSP	GXLC	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.47%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.69%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	20.65%	13.57%	+7.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.93%	13.57%	+8.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.93%	13.57%	+8.36%

DVSP vs. GXLC - Expense Ratio Comparison

DVSP has a 0.89% expense ratio, which is higher than GXLC's 0.02% expense ratio.

Dividends

DVSP vs. GXLC - Dividend Comparison

DVSP's dividend yield for the trailing twelve months is around 0.26%, less than GXLC's 0.63% yield.

Position	TTM	2025
DVSP WEBs SPY Defined Volatility ETF	0.26%	0.28%
GXLC Global X U.S. 500 ETF	0.63%	0.30%

Frequently Asked Questions

Can I hold both DVSP and GXLC in my portfolio?

With a correlation of 0.96, DVSP 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, DVSP 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, DVSP or GXLC?

GXLC is cheaper with a 0.02% expense ratio, compared with 0.89% for DVSP.

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

GXLC has the higher dividend yield at 0.63%, compared with 0.26% for DVSP.

What is the main difference between DVSP and GXLC?

DVSP tracks Syntax Defined Volatility US Large Cap 500 Index, while GXLC tracks Solactive GBS United States 500 Index. They also come from different issuers: WEBs and Global X. Their fees differ too: 0.89% for DVSP and 0.02% for GXLC.