FTCE vs. GXLC

Last updated Jun 24, 2026

FTCE (First Trust New Constructs Core Earnings Leaders ETF) and GXLC (Global X U.S. 500 ETF) are both Large Cap Blend Equities funds - FTCE tracks the Bloomberg New Constructs Core Earnings Leaders Index while GXLC tracks the Solactive GBS United States 500 Index. Both are passively managed. Their correlation of 0.84 suggests significant overlap in exposure. FTCE charges 0.60%/yr vs 0.02%/yr for GXLC.

Performance

FTCE vs. GXLC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust New Constructs Core Earnings Leaders ETF (FTCE) 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 FTCE having a 8.46% return and GXLC slightly lower at 8.31%.

FTCE

• 1D: -0.72%
• 1M: -0.98%
• YTD: 8.46%
• 6M: 7.63%
• 1Y: 26.64%
• 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)

FTCE vs. GXLC - Yearly Performance Comparison

	2026 (YTD)	2025
FTCE First Trust New Constructs Core Earnings Leaders ETF	8.46%	3.44%
GXLC Global X U.S. 500 ETF	8.31%	3.22%

Correlation

The correlation between FTCE and GXLC is 0.84, 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	0.84

Return for Risk

FTCE vs. GXLC — Risk / Return Rank

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

FTCE

FTCE Risk / Return Rank: 62
FTCE Sharpe Ratio Rank: 66
FTCE Sortino Ratio Rank: 64
FTCE Omega Ratio Rank: 63
FTCE Calmar Ratio Rank: 59
FTCE Martin Ratio Rank: 58

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.

FTCE vs. GXLC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust New Constructs Core Earnings Leaders ETF (FTCE) 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.

	FTCE	GXLC	Difference
Sharpe ratio: Return per unit of total volatility	1.95	—	—
Sortino ratio: Return per unit of downside risk	2.66	—	—
Omega ratio: Gain probability vs. loss probability	1.35	—	—
Calmar ratio: Return relative to maximum drawdown	2.63	—	—
Martin ratio: Return relative to average drawdown	9.43	—	—

Drawdowns

FTCE vs. GXLC - Drawdown Comparison

The maximum FTCE drawdown since its inception was -18.11%, which is greater than GXLC's maximum drawdown of -9.08%. Use the drawdown chart below to compare losses from any high point for FTCE and GXLC.

Drawdown Indicators

	FTCE	GXLC	Difference
Max Drawdown Largest peak-to-trough decline	-18.11%	-9.08%	-9.03%
Max Drawdown (1Y) Largest decline over 1 year	-10.16%	—	—
Current Drawdown Current decline from peak	-5.44%	-3.05%	-2.39%
Average Drawdown Average peak-to-trough decline	-2.55%	-1.54%	-1.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.83%	—	—

Volatility

Volatility by Period

	FTCE	GXLC	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.77%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.06%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.76%	13.85%	-0.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.88%	13.85%	+3.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.88%	13.85%	+3.03%

FTCE vs. GXLC - Expense Ratio Comparison

FTCE has a 0.60% expense ratio, which is higher than GXLC's 0.02% expense ratio.

Dividends

FTCE vs. GXLC - Dividend Comparison

FTCE's dividend yield for the trailing twelve months is around 0.83%, more than GXLC's 0.65% yield.

Position	TTM	2025	2024
FTCE First Trust New Constructs Core Earnings Leaders ETF	0.83%	0.96%	0.28%
GXLC Global X U.S. 500 ETF	0.65%	0.30%	0.00%

Frequently Asked Questions

Can I hold both FTCE and GXLC in my portfolio?

FTCE and GXLC have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FTCE 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, FTCE or GXLC?

GXLC is cheaper with a 0.02% expense ratio, compared with 0.60% for FTCE.

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

FTCE has the higher dividend yield at 0.83%, compared with 0.65% for GXLC.

What is the main difference between FTCE and GXLC?

FTCE tracks Bloomberg New Constructs Core Earnings Leaders Index, while GXLC tracks Solactive GBS United States 500 Index. They also come from different issuers: First Trust and Global X. Their fees differ too: 0.60% for FTCE and 0.02% for GXLC.