Correlation
The correlation between GXTG and SPY is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
GXTG vs. SPY
Compare and contrast key facts about Global X Thematic Growth ETF (GXTG) and SPDR S&P 500 ETF (SPY).
GXTG and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GXTG is a passively managed fund by Global X that tracks the performance of the Solactive Thematic Growth Index. It was launched on Oct 25, 2019. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both GXTG and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GXTG or SPY.
Performance
GXTG vs. SPY - Performance Comparison
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Key characteristics
GXTG:
0.18
SPY:
0.70
GXTG:
0.33
SPY:
1.02
GXTG:
1.04
SPY:
1.15
GXTG:
0.04
SPY:
0.68
GXTG:
0.36
SPY:
2.57
GXTG:
7.23%
SPY:
4.93%
GXTG:
24.88%
SPY:
20.42%
GXTG:
-67.81%
SPY:
-55.19%
GXTG:
-60.26%
SPY:
-3.55%
Returns By Period
In the year-to-date period, GXTG achieves a 4.06% return, which is significantly higher than SPY's 0.87% return.
GXTG
4.06%
6.79%
-3.76%
3.86%
-6.92%
-2.18%
N/A
SPY
0.87%
6.28%
-1.56%
14.21%
14.25%
15.81%
12.73%
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GXTG vs. SPY - Expense Ratio Comparison
GXTG has a 0.50% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
GXTG vs. SPY — Risk-Adjusted Performance Rank
GXTG
SPY
GXTG vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Thematic Growth ETF (GXTG) and SPDR S&P 500 ETF (SPY). 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.
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Dividends
GXTG vs. SPY - Dividend Comparison
GXTG's dividend yield for the trailing twelve months is around 1.04%, less than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GXTG Global X Thematic Growth ETF | 1.04% | 1.08% | 1.99% | 1.48% | 1.56% | 0.48% | 0.31% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
GXTG vs. SPY - Drawdown Comparison
The maximum GXTG drawdown since its inception was -67.81%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for GXTG and SPY.
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Volatility
GXTG vs. SPY - Volatility Comparison
Global X Thematic Growth ETF (GXTG) has a higher volatility of 5.60% compared to SPDR S&P 500 ETF (SPY) at 4.86%. This indicates that GXTG's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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