GXLC vs. CVSE

Last updated Jun 6, 2026

GXLC (Global X U.S. 500 ETF) and CVSE (Calvert US Select Equity ETF) are both Large Cap Blend Equities funds. GXLC is passively managed, while CVSE is actively managed. At a 0.17 correlation, their price movements are largely independent. GXLC charges 0.02%/yr vs 0.29%/yr for CVSE.

Performance

GXLC vs. CVSE - Performance Comparison

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

Returns By Period

GXLC

• 1D: -2.61%
• 1M: 0.60%
• YTD: 8.50%
• 6M: 8.24%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CVSE

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: 0.00%
• 1Y: 8.30%
• 3Y*: 13.32%
• 5Y*: —
• 10Y*: —

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

GXLC vs. CVSE - Yearly Performance Comparison

	2026 (YTD)	2025
GXLC Global X U.S. 500 ETF	8.50%	3.22%
CVSE Calvert US Select Equity ETF	0.00%	0.83%

Correlation

The correlation between GXLC and CVSE is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 25, 2025	0.17

Return for Risk

GXLC vs. CVSE — Risk / Return Rank

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

CVSE

CVSE Risk / Return Rank: 51
CVSE Sharpe Ratio Rank: 40
CVSE Sortino Ratio Rank: 41
CVSE Omega Ratio Rank: 75
CVSE Calmar Ratio Rank: 59
CVSE Martin Ratio Rank: 39

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.

GXLC vs. CVSE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X U.S. 500 ETF (GXLC) and Calvert US Select Equity ETF (CVSE). 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.

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

Sharpe Ratios by Period

	GXLC	CVSE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.32	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.30	0.92	+0.38

Drawdowns

GXLC vs. CVSE - Drawdown Comparison

The maximum GXLC drawdown since its inception was -9.08%, smaller than the maximum CVSE drawdown of -20.29%. Use the drawdown chart below to compare losses from any high point for GXLC and CVSE.

Drawdown Indicators

	GXLC	CVSE	Difference
Max Drawdown Largest peak-to-trough decline	-9.08%	-20.29%	+11.21%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.08%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-20.29%	—
Current Drawdown Current decline from peak	-2.88%	-1.68%	-1.20%
Average Drawdown Average peak-to-trough decline	-1.50%	-2.69%	+1.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.43%	—

Volatility

Volatility by Period

	GXLC	CVSE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.00%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.00%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.63%	6.42%	+7.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.63%	13.85%	-0.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.63%	13.85%	-0.22%

GXLC vs. CVSE - Expense Ratio Comparison

GXLC has a 0.02% expense ratio, which is lower than CVSE's 0.29% expense ratio.

Dividends

GXLC vs. CVSE - Dividend Comparison

GXLC's dividend yield for the trailing twelve months is around 0.64%, more than CVSE's 0.59% yield.

Position	TTM	2025	2024	2023
CVSE Calvert US Select Equity ETF	0.59%	0.81%	1.05%	1.22%
GXLC Global X U.S. 500 ETF	0.64%	0.30%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GXLC and CVSE in my portfolio?

GXLC and CVSE have a correlation of 0.17, 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 CVSE?

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 CVSE?

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

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

GXLC has the higher dividend yield at 0.64%, compared with 0.59% for CVSE.

What is the main difference between GXLC and CVSE?

They also come from different issuers: Global X and Calvert. Their fees differ too: 0.02% for GXLC and 0.29% for CVSE.