FCPI vs. GXLC

Last updated Jun 24, 2026

FCPI (Fidelity Stocks for Inflation ETF) and GXLC (Global X U.S. 500 ETF) are both Large Cap Blend Equities funds - FCPI tracks the Fidelity Stocks for Inflation Factor Index while GXLC tracks the Solactive GBS United States 500 Index. Both are passively managed. Their correlation of 0.90 suggests significant overlap in exposure. FCPI charges 0.15%/yr vs 0.02%/yr for GXLC.

Performance

FCPI vs. GXLC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Stocks for Inflation ETF (FCPI) 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, FCPI achieves a 9.35% return, which is significantly higher than GXLC's 8.31% return.

FCPI

• 1D: -1.23%
• 1M: -0.21%
• YTD: 9.35%
• 6M: 6.63%
• 1Y: 19.48%
• 3Y*: 20.75%
• 5Y*: 13.89%
• 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)

FCPI vs. GXLC - Yearly Performance Comparison

	2026 (YTD)	2025
FCPI Fidelity Stocks for Inflation ETF	9.35%	-0.31%
GXLC Global X U.S. 500 ETF	8.31%	3.22%

Correlation

The correlation between FCPI and GXLC is 0.90, 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	0.90

Return for Risk

FCPI vs. GXLC — Risk / Return Rank

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

FCPI

FCPI Risk / Return Rank: 50
FCPI Sharpe Ratio Rank: 48
FCPI Sortino Ratio Rank: 46
FCPI Omega Ratio Rank: 46
FCPI Calmar Ratio Rank: 54
FCPI Martin Ratio Rank: 59

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.

FCPI vs. GXLC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Stocks for Inflation ETF (FCPI) 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.

	FCPI	GXLC	Difference
Sharpe ratio: Return per unit of total volatility	1.58	—	—
Sortino ratio: Return per unit of downside risk	2.18	—	—
Omega ratio: Gain probability vs. loss probability	1.28	—	—
Calmar ratio: Return relative to maximum drawdown	2.48	—	—
Martin ratio: Return relative to average drawdown	9.87	—	—

Drawdowns

FCPI vs. GXLC - Drawdown Comparison

The maximum FCPI drawdown since its inception was -37.26%, which is greater than GXLC's maximum drawdown of -9.08%. Use the drawdown chart below to compare losses from any high point for FCPI and GXLC.

Drawdown Indicators

	FCPI	GXLC	Difference
Max Drawdown Largest peak-to-trough decline	-37.26%	-9.08%	-28.18%
Max Drawdown (1Y) Largest decline over 1 year	-7.88%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-17.44%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-18.25%	—	—
Current Drawdown Current decline from peak	-1.97%	-3.05%	+1.08%
Average Drawdown Average peak-to-trough decline	-4.36%	-1.54%	-2.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.98%	—	—

Volatility

Volatility by Period

	FCPI	GXLC	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.82%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.13%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.43%	13.85%	-1.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.74%	13.85%	+2.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.12%	13.85%	+6.27%

FCPI vs. GXLC - Expense Ratio Comparison

FCPI has a 0.15% 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

FCPI vs. GXLC - Dividend Comparison

FCPI's dividend yield for the trailing twelve months is around 1.63%, more than GXLC's 0.65% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
FCPI Fidelity Stocks for Inflation ETF	1.63%	1.74%	1.29%	1.88%	1.77%	1.19%	3.53%	0.43%
GXLC Global X U.S. 500 ETF	0.65%	0.30%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FCPI and GXLC in my portfolio?

With a correlation of 0.90, FCPI 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, FCPI 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, FCPI or GXLC?

GXLC is cheaper with a 0.02% expense ratio, compared with 0.15% for FCPI.

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

FCPI has the higher dividend yield at 1.63%, compared with 0.65% for GXLC.

What is the main difference between FCPI and GXLC?

FCPI tracks Fidelity Stocks for Inflation Factor Index, while GXLC tracks Solactive GBS United States 500 Index. They also come from different issuers: Fidelity and Global X. Their fees differ too: 0.15% for FCPI and 0.02% for GXLC.