FMKT vs. GXLC

Last updated Jun 24, 2026

FMKT (The Free Markets ETF) and GXLC (Global X U.S. 500 ETF) are both Large Cap Blend Equities funds. FMKT is actively managed, while GXLC is passively managed. A 0.75 correlation means they provide meaningful diversification when combined. FMKT charges 0.76%/yr vs 0.02%/yr for GXLC.

Performance

FMKT vs. GXLC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The Free Markets ETF (FMKT) 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, FMKT achieves a 1.47% return, which is significantly lower than GXLC's 8.31% return.

FMKT

• 1D: -0.98%
• 1M: -2.33%
• YTD: 1.47%
• 6M: -0.39%
• 1Y: 10.12%
• 3Y*: —
• 5Y*: —
• 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)

FMKT vs. GXLC - Yearly Performance Comparison

	2026 (YTD)	2025
FMKT The Free Markets ETF	1.47%	-5.57%
GXLC Global X U.S. 500 ETF	8.31%	3.22%

Correlation

The correlation between FMKT and GXLC is 0.75, 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	0.75

Return for Risk

FMKT vs. GXLC — Risk / Return Rank

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

FMKT

FMKT Risk / Return Rank: 16
FMKT Sharpe Ratio Rank: 17
FMKT Sortino Ratio Rank: 17
FMKT Omega Ratio Rank: 17
FMKT Calmar Ratio Rank: 16
FMKT Martin Ratio Rank: 16

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.

FMKT vs. GXLC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The Free Markets ETF (FMKT) 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.

	FMKT	GXLC	Difference
Sharpe ratio: Return per unit of total volatility	0.51	—	—
Sortino ratio: Return per unit of downside risk	0.86	—	—
Omega ratio: Gain probability vs. loss probability	1.10	—	—
Calmar ratio: Return relative to maximum drawdown	0.57	—	—
Martin ratio: Return relative to average drawdown	1.49	—	—

Drawdowns

FMKT vs. GXLC - Drawdown Comparison

The maximum FMKT drawdown since its inception was -17.79%, which is greater than GXLC's maximum drawdown of -9.08%. Use the drawdown chart below to compare losses from any high point for FMKT and GXLC.

Drawdown Indicators

	FMKT	GXLC	Difference
Max Drawdown Largest peak-to-trough decline	-17.79%	-9.08%	-8.71%
Max Drawdown (1Y) Largest decline over 1 year	-17.79%	—	—
Current Drawdown Current decline from peak	-7.93%	-3.05%	-4.88%
Average Drawdown Average peak-to-trough decline	-5.37%	-1.54%	-3.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.81%	—	—

Volatility

Volatility by Period

	FMKT	GXLC	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.56%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.22%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	19.76%	13.85%	+5.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.60%	13.85%	+5.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.60%	13.85%	+5.75%

FMKT vs. GXLC - Expense Ratio Comparison

FMKT has a 0.76% expense ratio, which is higher than GXLC's 0.02% expense ratio.

Dividends

FMKT vs. GXLC - Dividend Comparison

FMKT's dividend yield for the trailing twelve months is around 2.12%, more than GXLC's 0.65% yield.

Position	TTM	2025
FMKT The Free Markets ETF	2.12%	2.15%
GXLC Global X U.S. 500 ETF	0.65%	0.30%

Frequently Asked Questions

Can I hold both FMKT and GXLC in my portfolio?

FMKT and GXLC have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FMKT 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, FMKT or GXLC?

GXLC is cheaper with a 0.02% expense ratio, compared with 0.76% for FMKT.

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

FMKT has the higher dividend yield at 2.12%, compared with 0.65% for GXLC.

What is the main difference between FMKT and GXLC?

Their fees differ too: 0.76% for FMKT and 0.02% for GXLC.