EDOW vs. GXLC

Last updated Jun 26, 2026

EDOW (First Trust Dow 30 Equal Weight ETF) and GXLC (Global X U.S. 500 ETF) are both Large Cap Blend Equities funds - EDOW tracks the Dow Jones Industrail Average Equal Weight TR while GXLC tracks the Solactive GBS United States 500 Index. Both are passively managed. A 0.72 correlation means they provide meaningful diversification when combined. EDOW charges 0.50%/yr vs 0.02%/yr for GXLC.

Performance

EDOW vs. GXLC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Dow 30 Equal Weight ETF (EDOW) 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, EDOW achieves a 6.26% return, which is significantly lower than GXLC's 7.92% return.

EDOW

• 1D: -0.46%
• 1M: 0.51%
• YTD: 6.26%
• 6M: 5.31%
• 1Y: 18.40%
• 3Y*: 15.63%
• 5Y*: 9.20%
• 10Y*: —

GXLC

• 1D: -0.03%
• 1M: -2.12%
• YTD: 7.92%
• 6M: 6.66%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EDOW vs. GXLC - Yearly Performance Comparison

	2026 (YTD)	2025
EDOW First Trust Dow 30 Equal Weight ETF	6.26%	4.42%
GXLC Global X U.S. 500 ETF	7.92%	3.22%

Correlation

The correlation between EDOW and GXLC is 0.72, 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 Sep 24, 2025	0.72

Return for Risk

EDOW vs. GXLC — Risk / Return Rank

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

EDOW

EDOW Risk / Return Rank: 56
EDOW Sharpe Ratio Rank: 59
EDOW Sortino Ratio Rank: 63
EDOW Omega Ratio Rank: 55
EDOW Calmar Ratio Rank: 49
EDOW Martin Ratio Rank: 52

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.

EDOW vs. GXLC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Dow 30 Equal Weight ETF (EDOW) 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.

	EDOW	GXLC	Difference
Sharpe ratio: Return per unit of total volatility	1.73	—	—
Sortino ratio: Return per unit of downside risk	2.55	—	—
Omega ratio: Gain probability vs. loss probability	1.30	—	—
Calmar ratio: Return relative to maximum drawdown	2.12	—	—
Martin ratio: Return relative to average drawdown	7.85	—	—

Drawdowns

EDOW vs. GXLC - Drawdown Comparison

The maximum EDOW drawdown since its inception was -33.72%, which is greater than GXLC's maximum drawdown of -9.08%. Use the drawdown chart below to compare losses from any high point for EDOW and GXLC.

Drawdown Indicators

	EDOW	GXLC	Difference
Max Drawdown Largest peak-to-trough decline	-33.72%	-9.08%	-24.64%
Max Drawdown (1Y) Largest decline over 1 year	-8.73%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-15.51%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-21.98%	—	—
Current Drawdown Current decline from peak	-1.33%	-3.40%	+2.07%
Average Drawdown Average peak-to-trough decline	-4.05%	-1.56%	-2.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.35%	—	—

Volatility

Volatility by Period

	EDOW	GXLC	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.27%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.21%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.68%	13.78%	-3.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.22%	13.78%	+0.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.70%	13.78%	+3.92%

EDOW vs. GXLC - Expense Ratio Comparison

EDOW has a 0.50% expense ratio, which is higher than GXLC's 0.02% expense ratio.

Dividends

EDOW vs. GXLC - Dividend Comparison

EDOW's dividend yield for the trailing twelve months is around 1.53%, more than GXLC's 0.65% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
EDOW First Trust Dow 30 Equal Weight ETF	1.53%	1.31%	1.65%	1.93%	1.91%	1.52%	1.84%	1.88%	1.82%	0.75%
GXLC Global X U.S. 500 ETF	0.65%	0.30%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EDOW and GXLC in my portfolio?

EDOW and GXLC have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EDOW 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, EDOW or GXLC?

GXLC is cheaper with a 0.02% expense ratio, compared with 0.50% for EDOW.

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

EDOW has the higher dividend yield at 1.53%, compared with 0.65% for GXLC.

What is the main difference between EDOW and GXLC?

EDOW tracks Dow Jones Industrail Average Equal Weight TR, while GXLC tracks Solactive GBS United States 500 Index. They also come from different issuers: First Trust and Global X. Their fees differ too: 0.50% for EDOW and 0.02% for GXLC.