FDRR vs. GXLC

Last updated Jun 24, 2026

FDRR (Fidelity Dividend ETF for Rising Rates) and GXLC (Global X U.S. 500 ETF) are both Large Cap Blend Equities funds - FDRR tracks the Fidelity Dividend Index for Rising Rates while GXLC tracks the Solactive GBS United States 500 Index. Both are passively managed. Their correlation of 0.89 suggests significant overlap in exposure. FDRR charges 0.15%/yr vs 0.02%/yr for GXLC.

Performance

FDRR vs. GXLC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Dividend ETF for Rising Rates (FDRR) 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, FDRR achieves a 7.87% return, which is significantly lower than GXLC's 8.31% return.

FDRR

• 1D: -0.04%
• 1M: -0.38%
• YTD: 7.87%
• 6M: 7.46%
• 1Y: 26.53%
• 3Y*: 20.07%
• 5Y*: 12.13%
• 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)

FDRR vs. GXLC - Yearly Performance Comparison

	2026 (YTD)	2025
FDRR Fidelity Dividend ETF for Rising Rates	7.87%	4.91%
GXLC Global X U.S. 500 ETF	8.31%	3.22%

Correlation

The correlation between FDRR and GXLC is 0.89, 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	0.89

Return for Risk

FDRR vs. GXLC — Risk / Return Rank

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

FDRR

FDRR Risk / Return Rank: 74
FDRR Sharpe Ratio Rank: 78
FDRR Sortino Ratio Rank: 79
FDRR Omega Ratio Rank: 77
FDRR Calmar Ratio Rank: 66
FDRR Martin Ratio Rank: 72

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.

FDRR vs. GXLC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Dividend ETF for Rising Rates (FDRR) 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.

	FDRR	GXLC	Difference
Sharpe ratio: Return per unit of total volatility	2.37	—	—
Sortino ratio: Return per unit of downside risk	3.30	—	—
Omega ratio: Gain probability vs. loss probability	1.43	—	—
Calmar ratio: Return relative to maximum drawdown	3.13	—	—
Martin ratio: Return relative to average drawdown	12.81	—	—

Drawdowns

FDRR vs. GXLC - Drawdown Comparison

The maximum FDRR drawdown since its inception was -36.52%, which is greater than GXLC's maximum drawdown of -9.08%. Use the drawdown chart below to compare losses from any high point for FDRR and GXLC.

Drawdown Indicators

	FDRR	GXLC	Difference
Max Drawdown Largest peak-to-trough decline	-36.52%	-9.08%	-27.44%
Max Drawdown (1Y) Largest decline over 1 year	-8.52%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-18.04%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-20.92%	—	—
Current Drawdown Current decline from peak	-3.08%	-3.05%	-0.03%
Average Drawdown Average peak-to-trough decline	-4.00%	-1.54%	-2.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.08%	—	—

Volatility

Volatility by Period

	FDRR	GXLC	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.79%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.68%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.25%	13.85%	-2.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.02%	13.85%	+1.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.86%	13.85%	+3.01%

FDRR vs. GXLC - Expense Ratio Comparison

FDRR 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

FDRR vs. GXLC - Dividend Comparison

FDRR's dividend yield for the trailing twelve months is around 2.16%, more than GXLC's 0.65% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FDRR Fidelity Dividend ETF for Rising Rates	2.16%	2.21%	2.61%	2.93%	2.75%	2.09%	2.85%	2.89%	3.20%	2.89%	0.61%
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%	0.00%

Frequently Asked Questions

Can I hold both FDRR and GXLC in my portfolio?

FDRR and GXLC have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FDRR 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, FDRR or GXLC?

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

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

FDRR has the higher dividend yield at 2.16%, compared with 0.65% for GXLC.

What is the main difference between FDRR and GXLC?

FDRR tracks Fidelity Dividend Index for Rising Rates, 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 FDRR and 0.02% for GXLC.