GXPC vs. XTL

Last updated Aug 1, 2026

GXPC (Global X PureCap MSCI Communication Services ETF) and XTL (SPDR S&P Telecom ETF) are both Communications Equities funds - GXPC tracks the MSCI USA Communication Services PureCap Index while XTL tracks the S&P Telecom Select Industry Index. Both are passively managed. Over the past year, GXPC returned 18.47% vs 80.12% for XTL. Their 0.33 correlation means their historical movements had little consistent relationship. GXPC charges 0.15%/yr vs 0.35%/yr for XTL.

Performance

GXPC vs. XTL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X PureCap MSCI Communication Services ETF (GXPC) and SPDR S&P Telecom ETF (XTL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GXPC achieves a -0.23% return, which is significantly lower than XTL's 36.88% return.

GXPC

• 1D: 4.11%
• 1M: -2.08%
• 6M: -5.32%
• YTD: -0.23%
• 1Y: 18.47%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 18.60%

XTL

• 1D: 1.57%
• 1M: -3.73%
• 6M: 26.64%
• YTD: 36.88%
• 1Y: 80.12%
• 3Y*: 42.77%
• 5Y*: 17.03%
• 10Y*: 14.40%
• ALL TIME*: 10.85%

*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)
GXPC Global X PureCap MSCI Communication Services ETF	$9.39M	$10.86M	$5.78M
XTL SPDR S&P Telecom ETF	$11.74M	$12.06M	$21.53M

GXPC vs. XTL - Yearly Performance Comparison

	2026 (YTD)	2025
GXPC Global X PureCap MSCI Communication Services ETF	-0.23%	19.31%
XTL SPDR S&P Telecom ETF	36.88%	28.43%

Correlation

The correlation between GXPC and XTL is 0.34, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.34
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025	0.33

Return for Risk

GXPC vs. XTL — Risk / Return Rank

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

GXPC

GXPC Risk / Return Rank: 31
GXPC Sharpe Ratio Rank: 31
GXPC Sortino Ratio Rank: 32
GXPC Omega Ratio Rank: 31
GXPC Calmar Ratio Rank: 31
GXPC Martin Ratio Rank: 32

XTL

XTL Risk / Return Rank: 89
XTL Sharpe Ratio Rank: 92
XTL Sortino Ratio Rank: 88
XTL Omega Ratio Rank: 85
XTL Calmar Ratio Rank: 91
XTL Martin Ratio Rank: 88

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.

GXPC vs. XTL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X PureCap MSCI Communication Services ETF (GXPC) and SPDR S&P Telecom ETF (XTL). 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.

	GXPC	XTL	Difference
Sharpe ratio: Return per unit of total volatility	0.75	2.42	-1.67
Sortino ratio: Return per unit of downside risk	1.22	2.97	-1.75
Omega ratio: Gain probability vs. loss probability	1.15	1.37	-0.22
Calmar ratio: Return relative to maximum drawdown	1.00	3.97	-2.97
Martin ratio: Return relative to average drawdown	2.91	13.06	-10.15

GXPC vs. XTL - Sharpe Ratio Comparison

The current GXPC Sharpe Ratio is 0.75, which is lower than the XTL Sharpe Ratio of 2.42. The chart below compares the historical Sharpe Ratios of GXPC and XTL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GXPC vs. XTL - Drawdown Comparison

The maximum GXPC drawdown since its inception was -16.59%, smaller than the maximum XTL drawdown of -37.01%. Use the drawdown chart below to compare losses from any high point for GXPC and XTL.

Drawdown Indicators

	GXPC	XTL	Difference
Max Drawdown Largest peak-to-trough decline	-16.59%	-37.01%	+20.42%
Max Drawdown (1Y) Largest decline over 1 year	-16.59%	-19.20%	+2.61%
Max Drawdown (3Y) Largest decline over 3 years	—	-22.79%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-36.85%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-37.01%	—
Current Drawdown Current decline from peak	-10.74%	-15.60%	+4.86%
Average Drawdown Average peak-to-trough decline	-4.03%	-9.79%	+5.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.70%	5.82%	-0.12%

Volatility

GXPC vs. XTL - Volatility Comparison

Global X PureCap MSCI Communication Services ETF (GXPC) has a higher volatility of 9.60% compared to SPDR S&P Telecom ETF (XTL) at 8.95%. This indicates that GXPC's price experiences larger fluctuations and is considered to be riskier than XTL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GXPC	XTL	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.60%	8.95%	+0.65%
Volatility (6M) Calculated over the trailing 6-month period	18.18%	24.38%	-6.20%
Volatility (1Y) Calculated over the trailing 1-year period	22.20%	31.47%	-9.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.95%	25.65%	-3.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.95%	23.76%	-1.81%

GXPC vs. XTL - Expense Ratio Comparison

GXPC has a 0.15% expense ratio, which is lower than XTL's 0.35% expense ratio.

Dividends

GXPC vs. XTL - Dividend Comparison

GXPC's dividend yield for the trailing twelve months is around 0.32%, less than XTL's 1.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GXPC Global X PureCap MSCI Communication Services ETF	0.32%	0.12%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XTL SPDR S&P Telecom ETF	1.27%	1.05%	0.62%	0.80%	0.74%	1.25%	0.88%	0.92%	1.90%	2.08%	1.11%	1.38%

Frequently Asked Questions

Can I hold both GXPC and XTL in my portfolio?

GXPC and XTL have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GXPC or XTL?

GXPC has higher volatility (9.60%) compared to XTL (8.95%). In terms of maximum drawdown, GXPC dropped -16.59% vs XTL's -37.01%.

Which ETF is better, GXPC or XTL?

On 1-year performance, XTL leads with 80.12% vs 18.47% for GXPC. On fees, GXPC is cheaper at 0.15% per year. On volatility, XTL has been the lower-risk option at 8.95%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GXPC or XTL?

Over the 1-year period, XTL has performed better with a 80.12% return vs 18.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GXPC or XTL?

GXPC is cheaper with a 0.15% expense ratio, compared with 0.35% for XTL.

Which ETF pays a higher dividend yield, GXPC or XTL?

XTL has the higher dividend yield at 1.27%, compared with 0.32% for GXPC.

What is the main difference between GXPC and XTL?

GXPC tracks MSCI USA Communication Services PureCap Index, while XTL tracks S&P Telecom Select Industry Index. They also come from different issuers: Global X and State Street. Their fees differ too: 0.15% for GXPC and 0.35% for XTL.

Which has better risk-adjusted returns?

XTL currently has the higher Sharpe Ratio (2.42 vs 0.75), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.