FLAG vs. GXLC

Last updated Jun 27, 2026

FLAG (Global X S&P 500 U.S. Market Leaders TOP 50 ETF) and GXLC (Global X U.S. 500 ETF) are both Large Cap Blend Equities funds from Global X - FLAG tracks the S&P 500 U.S. Revenue Market Leaders 50 Index while GXLC tracks the Solactive GBS United States 500 Index. Both are passively managed. A 0.64 correlation means they provide meaningful diversification when combined. FLAG charges 0.29%/yr vs 0.02%/yr for GXLC.

Performance

FLAG vs. GXLC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X S&P 500 U.S. Market Leaders TOP 50 ETF (FLAG) 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, FLAG achieves a 0.07% return, which is significantly lower than GXLC's 8.02% return.

FLAG

• 1D: 1.53%
• 1M: -0.45%
• YTD: 0.07%
• 6M: -0.72%
• 1Y: 6.30%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GXLC

• 1D: 0.09%
• 1M: -2.62%
• YTD: 8.02%
• 6M: 6.80%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FLAG vs. GXLC - Yearly Performance Comparison

	2026 (YTD)	2025
FLAG Global X S&P 500 U.S. Market Leaders TOP 50 ETF	0.07%	-0.26%
GXLC Global X U.S. 500 ETF	8.02%	3.22%

Correlation

The correlation between FLAG and GXLC is 0.64, 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	0.64

Return for Risk

FLAG vs. GXLC — Risk / Return Rank

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

FLAG

FLAG Risk / Return Rank: 18
FLAG Sharpe Ratio Rank: 19
FLAG Sortino Ratio Rank: 17
FLAG Omega Ratio Rank: 17
FLAG Calmar Ratio Rank: 17
FLAG Martin Ratio Rank: 21

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.

FLAG vs. GXLC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X S&P 500 U.S. Market Leaders TOP 50 ETF (FLAG) 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.

	FLAG	GXLC	Difference
Sharpe ratio: Return per unit of total volatility	0.60	—	—
Sortino ratio: Return per unit of downside risk	0.92	—	—
Omega ratio: Gain probability vs. loss probability	1.11	—	—
Calmar ratio: Return relative to maximum drawdown	0.69	—	—
Martin ratio: Return relative to average drawdown	2.31	—	—

Drawdowns

FLAG vs. GXLC - Drawdown Comparison

The maximum FLAG drawdown since its inception was -9.29%, roughly equal to the maximum GXLC drawdown of -9.08%. Use the drawdown chart below to compare losses from any high point for FLAG and GXLC.

Drawdown Indicators

	FLAG	GXLC	Difference
Max Drawdown Largest peak-to-trough decline	-9.29%	-9.08%	-0.21%
Max Drawdown (1Y) Largest decline over 1 year	-9.29%	—	—
Current Drawdown Current decline from peak	-1.75%	-3.31%	+1.56%
Average Drawdown Average peak-to-trough decline	-1.89%	-1.57%	-0.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.77%	—	—

Volatility

Volatility by Period

	FLAG	GXLC	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.47%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.25%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.80%	13.75%	-2.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.45%	13.75%	-2.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.45%	13.75%	-2.30%

FLAG vs. GXLC - Expense Ratio Comparison

FLAG has a 0.29% expense ratio, which is higher than GXLC's 0.02% expense ratio.

Dividends

FLAG vs. GXLC - Dividend Comparison

FLAG's dividend yield for the trailing twelve months is around 1.35%, more than GXLC's 0.65% yield.

Position	TTM	2025
FLAG Global X S&P 500 U.S. Market Leaders TOP 50 ETF	1.19%	1.35%
GXLC Global X U.S. 500 ETF	0.65%	0.30%

Frequently Asked Questions

Can I hold both FLAG and GXLC in my portfolio?

FLAG and GXLC have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FLAG 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, FLAG or GXLC?

GXLC is cheaper with a 0.02% expense ratio, compared with 0.29% for FLAG.

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

FLAG has the higher dividend yield at 1.19%, compared with 0.65% for GXLC.

What is the main difference between FLAG and GXLC?

FLAG tracks S&P 500 U.S. Revenue Market Leaders 50 Index, while GXLC tracks Solactive GBS United States 500 Index. Their fees differ too: 0.29% for FLAG and 0.02% for GXLC.