GXLC vs. CFO

Last updated Aug 6, 2026

GXLC (Global X U.S. 500 ETF) and CFO (VictoryShares US 500 Enhanced Volatility Weighted ETF) are both exchange-traded funds - GXLC is a Large Cap Blend Equities fund tracking the Solactive GBS United States 500 Index, while CFO is a Low Volatility fund tracking the Nasdaq Victory U.S. Large Cap 500 Long/Cash Volatility Weighted Index. Both are passively managed. Their 0.69 correlation means they have sometimes moved together and sometimes differently. GXLC charges 0.02%/yr vs 0.35%/yr for CFO.

Performance

GXLC vs. CFO - Performance Comparison

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

Returns By Period

In the year-to-date period, GXLC achieves a 13.47% return, which is significantly higher than CFO's 12.38% return.

GXLC

• 1D: -0.10%
• 1M: 2.41%
• 6M: 13.22%
• YTD: 13.47%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

CFO

• 1D: -0.30%
• 1M: 1.96%
• 6M: 8.06%
• YTD: 12.38%
• 1Y: 16.48%
• 3Y*: 11.51%
• 5Y*: 4.29%
• 10Y*: 9.60%
• ALL TIME*: 8.94%

*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)
CFO VictoryShares US 500 Enhanced Volatility Weighted ETF	$417.07K	$366.20K	$366.57K
GXLC Global X U.S. 500 ETF	$13.68K	$22.15K	$18.83K

GXLC vs. CFO - Yearly Performance Comparison

	2026 (YTD)	2025
GXLC Global X U.S. 500 ETF	13.47%	3.22%
CFO VictoryShares US 500 Enhanced Volatility Weighted ETF	12.38%	1.02%

Correlation

The correlation between GXLC and CFO is 0.69, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 24, 2025	0.69

Return for Risk

GXLC vs. CFO — Risk / Return Rank

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

GXLC

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

CFO

CFO Risk / Return Rank: 57
CFO Sharpe Ratio Rank: 55
CFO Sortino Ratio Rank: 57
CFO Omega Ratio Rank: 53
CFO Calmar Ratio Rank: 57
CFO Martin Ratio Rank: 64

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.

GXLC vs. CFO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X U.S. 500 ETF (GXLC) and VictoryShares US 500 Enhanced Volatility Weighted ETF (CFO). 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.

	GXLC	CFO	Difference
Sharpe ratio: Return per unit of total volatility	—	1.54	—
Sortino ratio: Return per unit of downside risk	—	2.26	—
Omega ratio: Gain probability vs. loss probability	—	1.27	—
Calmar ratio: Return relative to maximum drawdown	—	2.33	—
Martin ratio: Return relative to average drawdown	—	8.78	—

Drawdowns

GXLC vs. CFO - Drawdown Comparison

The maximum GXLC drawdown since its inception was -9.08%, smaller than the maximum CFO drawdown of -24.35%. Use the drawdown chart below to compare losses from any high point for GXLC and CFO.

Drawdown Indicators

	GXLC	CFO	Difference
Max Drawdown Largest peak-to-trough decline	-9.08%	-24.35%	+15.27%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.10%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-17.25%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.35%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-24.35%	—
Current Drawdown Current decline from peak	-0.10%	-0.30%	+0.20%
Average Drawdown Average peak-to-trough decline	-1.56%	-5.55%	+3.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.88%	—

Volatility

Volatility by Period

	GXLC	CFO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.00%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.96%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.71%	10.74%	+2.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.71%	13.30%	+0.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.71%	13.17%	+0.54%

GXLC vs. CFO - Expense Ratio Comparison

GXLC has a 0.02% expense ratio, which is lower than CFO's 0.35% expense ratio.

Dividends

GXLC vs. CFO - Dividend Comparison

GXLC's dividend yield for the trailing twelve months is around 0.88%, less than CFO's 1.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CFO VictoryShares US 500 Enhanced Volatility Weighted ETF	1.20%	1.32%	1.44%	1.72%	3.95%	1.06%	0.90%	1.44%	1.49%	1.18%	1.35%	1.31%
GXLC Global X U.S. 500 ETF	0.88%	0.30%	0.00%	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 GXLC and CFO in my portfolio?

GXLC and CFO have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GXLC or CFO?

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, GXLC or CFO?

GXLC is cheaper with a 0.02% expense ratio, compared with 0.35% for CFO.

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

CFO has the higher dividend yield at 1.20%, compared with 0.88% for GXLC.

What is the main difference between GXLC and CFO?

GXLC is categorized as Large Cap Blend Equities, while CFO is Low Volatility. GXLC tracks Solactive GBS United States 500 Index, while CFO tracks Nasdaq Victory U.S. Large Cap 500 Long/Cash Volatility Weighted Index. They also come from different issuers: Global X and VictoryShares. Their fees differ too: 0.02% for GXLC and 0.35% for CFO.