GXLC vs. DMAY

Last updated Jun 6, 2026

GXLC (Global X U.S. 500 ETF) and DMAY (FT Cboe Vest U.S. Equity Deep Buffer ETF - May) are both Large Cap Blend Equities funds - GXLC tracks the Solactive GBS United States 500 Index while DMAY tracks the Cboe S&P 500 30% (-5% to -35%) Buffer Protect May Series Index. Both are passively managed. Their correlation of 0.91 suggests significant overlap in exposure. GXLC charges 0.02%/yr vs 0.85%/yr for DMAY.

Performance

GXLC vs. DMAY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X U.S. 500 ETF (GXLC) and FT Cboe Vest U.S. Equity Deep Buffer ETF - May (DMAY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GXLC achieves a 8.50% return, which is significantly higher than DMAY's 3.39% return.

GXLC

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

DMAY

• 1D: -1.19%
• 1M: 0.18%
• YTD: 3.39%
• 6M: 4.18%
• 1Y: 11.53%
• 3Y*: 11.58%
• 5Y*: 6.95%
• 10Y*: —

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

GXLC vs. DMAY - Yearly Performance Comparison

	2026 (YTD)	2025
GXLC Global X U.S. 500 ETF	8.50%	3.22%
DMAY FT Cboe Vest U.S. Equity Deep Buffer ETF - May	3.39%	2.41%

Correlation

The correlation between GXLC and DMAY is 0.91, 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 25, 2025	0.91

Return for Risk

GXLC vs. DMAY — Risk / Return Rank

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

DMAY

DMAY Risk / Return Rank: 83
DMAY Sharpe Ratio Rank: 79
DMAY Sortino Ratio Rank: 82
DMAY Omega Ratio Rank: 89
DMAY Calmar Ratio Rank: 73
DMAY Martin Ratio Rank: 91

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. DMAY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X U.S. 500 ETF (GXLC) and FT Cboe Vest U.S. Equity Deep Buffer ETF - May (DMAY). 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	DMAY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.39	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.77	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.30	0.85	+0.45

Drawdowns

GXLC vs. DMAY - Drawdown Comparison

The maximum GXLC drawdown since its inception was -9.08%, smaller than the maximum DMAY drawdown of -13.90%. Use the drawdown chart below to compare losses from any high point for GXLC and DMAY.

Drawdown Indicators

	GXLC	DMAY	Difference
Max Drawdown Largest peak-to-trough decline	-9.08%	-13.90%	+4.82%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.36%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-12.38%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-13.90%	—
Current Drawdown Current decline from peak	-2.88%	-1.28%	-1.60%
Average Drawdown Average peak-to-trough decline	-1.50%	-2.24%	+0.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.55%	—

Volatility

Volatility by Period

	GXLC	DMAY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.53%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.94%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.63%	4.89%	+8.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.63%	9.03%	+4.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.63%	8.44%	+5.19%

GXLC vs. DMAY - Expense Ratio Comparison

GXLC has a 0.02% expense ratio, which is lower than DMAY's 0.85% expense ratio.

Dividends

GXLC vs. DMAY - Dividend Comparison

GXLC's dividend yield for the trailing twelve months is around 0.64%, while DMAY has not paid dividends to shareholders.

Position	TTM	2025
DMAY FT Cboe Vest U.S. Equity Deep Buffer ETF - May	0.00%	0.00%
GXLC Global X U.S. 500 ETF	0.64%	0.30%

Frequently Asked Questions

Can I hold both GXLC and DMAY in my portfolio?

With a correlation of 0.91, GXLC and DMAY 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, GXLC or DMAY?

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 DMAY?

GXLC is cheaper with a 0.02% expense ratio, compared with 0.85% for DMAY.

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

GXLC has the higher dividend yield at 0.64%, compared with 0.00% for DMAY.

What is the main difference between GXLC and DMAY?

GXLC tracks Solactive GBS United States 500 Index, while DMAY tracks Cboe S&P 500 30% (-5% to -35%) Buffer Protect May Series Index. They also come from different issuers: Global X and First Trust. Their fees differ too: 0.02% for GXLC and 0.85% for DMAY.