FLRG vs. GXLC

Last updated Aug 3, 2026

FLRG (Fidelity U.S. Multifactor ETF) and GXLC (Global X U.S. 500 ETF) are both Large Cap Blend Equities funds - FLRG tracks the Fidelity U.S. Multifactor Index while GXLC tracks the Solactive GBS United States 500 Index. Both are passively managed. Their correlation of 0.93 means they have usually moved in the same direction. FLRG charges 0.15%/yr vs 0.02%/yr for GXLC.

Performance

FLRG vs. GXLC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity U.S. Multifactor ETF (FLRG) and Global X U.S. 500 ETF (GXLC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with FLRG having a 10.29% return and GXLC slightly lower at 10.06%.

FLRG

• 1D: 0.16%
• 1M: 1.69%
• 6M: 8.30%
• YTD: 10.29%
• 1Y: 17.72%
• 3Y*: 17.69%
• 5Y*: 11.92%
• 10Y*: —
• ALL TIME*: 15.43%

GXLC

• 1D: 0.86%
• 1M: 0.20%
• 6M: 8.81%
• YTD: 10.06%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FLRG Fidelity U.S. Multifactor ETF	$441.29K	$669.16K	$816.00K
GXLC Global X U.S. 500 ETF	$27.98K	$20.23K	$17.31K

FLRG vs. GXLC - Yearly Performance Comparison

	2026 (YTD)	2025
FLRG Fidelity U.S. Multifactor ETF	10.29%	-0.30%
GXLC Global X U.S. 500 ETF	10.06%	3.22%

Correlation

The correlation between FLRG and GXLC is 0.93, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 24, 2025	0.93

Return for Risk

FLRG vs. GXLC — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FLRG

FLRG Risk / Return Rank: 68
FLRG Sharpe Ratio Rank: 68
FLRG Sortino Ratio Rank: 67
FLRG Omega Ratio Rank: 67
FLRG Calmar Ratio Rank: 66
FLRG Martin Ratio Rank: 71

GXLC

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FLRG vs. GXLC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity U.S. Multifactor ETF (FLRG) 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.

	FLRG	GXLC	Difference
Sharpe ratio: Return per unit of total volatility	1.54	—	—
Sortino ratio: Return per unit of downside risk	2.19	—	—
Omega ratio: Gain probability vs. loss probability	1.28	—	—
Calmar ratio: Return relative to maximum drawdown	2.29	—	—
Martin ratio: Return relative to average drawdown	8.67	—	—

Drawdowns

FLRG vs. GXLC - Drawdown Comparison

The maximum FLRG drawdown since its inception was -19.64%, which is greater than GXLC's maximum drawdown of -9.08%. Use the drawdown chart below to compare losses from any high point for FLRG and GXLC.

Drawdown Indicators

	FLRG	GXLC	Difference
Max Drawdown Largest peak-to-trough decline	-19.64%	-9.08%	-10.56%
Max Drawdown (1Y) Largest decline over 1 year	-7.16%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-16.53%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-19.64%	—	—
Current Drawdown Current decline from peak	0.00%	-1.48%	+1.48%
Average Drawdown Average peak-to-trough decline	-3.67%	-1.58%	-2.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.89%	—	—

Volatility

Volatility by Period

	FLRG	GXLC	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.52%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.18%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.62%	13.60%	-2.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.20%	13.60%	+1.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.93%	13.60%	+1.33%

FLRG vs. GXLC - Expense Ratio Comparison

FLRG 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

FLRG vs. GXLC - Dividend Comparison

FLRG's dividend yield for the trailing twelve months is around 1.37%, more than GXLC's 0.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
FLRG Fidelity U.S. Multifactor ETF	1.37%	1.42%	1.42%	1.39%	1.62%	1.36%	1.47%
GXLC Global X U.S. 500 ETF	0.64%	0.30%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FLRG and GXLC in my portfolio?

With a correlation of 0.93, FLRG 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, FLRG 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, FLRG or GXLC?

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

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

FLRG has the higher dividend yield at 1.37%, compared with 0.64% for GXLC.

What is the main difference between FLRG and GXLC?

FLRG tracks Fidelity U.S. Multifactor 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 FLRG and 0.02% for GXLC.