JQUA vs. GXLC

Last updated Jun 21, 2026

JQUA (JPMorgan U.S. Quality Factor ETF) and GXLC (Global X U.S. 500 ETF) are both Large Cap Blend Equities funds - JQUA tracks the JP Morgan US Quality Factor Index while GXLC tracks the Solactive GBS United States 500 Index. Both are passively managed. Their correlation of 0.90 suggests significant overlap in exposure. JQUA charges 0.12%/yr vs 0.02%/yr for GXLC.

Performance

JQUA vs. GXLC - Performance Comparison

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

Returns By Period

In the year-to-date period, JQUA achieves a 13.36% return, which is significantly higher than GXLC's 10.27% return.

JQUA

• 1D: 1.25%
• 1M: 3.49%
• YTD: 13.36%
• 6M: 12.98%
• 1Y: 23.55%
• 3Y*: 19.07%
• 5Y*: 14.00%
• 10Y*: —

GXLC

• 1D: 1.19%
• 1M: 1.13%
• YTD: 10.27%
• 6M: 10.60%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JQUA vs. GXLC - Yearly Performance Comparison

	2026 (YTD)	2025
JQUA JPMorgan U.S. Quality Factor ETF	13.36%	1.06%
GXLC Global X U.S. 500 ETF	10.27%	3.22%

Correlation

The correlation between JQUA and GXLC is 0.90, 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 24, 2025	0.90

Return for Risk

JQUA vs. GXLC — Risk / Return Rank

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

JQUA

JQUA Risk / Return Rank: 65
JQUA Sharpe Ratio Rank: 63
JQUA Sortino Ratio Rank: 62
JQUA Omega Ratio Rank: 58
JQUA Calmar Ratio Rank: 69
JQUA Martin Ratio Rank: 75

GXLC

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

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.

JQUA vs. GXLC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan U.S. Quality Factor ETF (JQUA) and Global X U.S. 500 ETF (GXLC). 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.

	JQUA	GXLC	Difference
Sharpe ratio: Return per unit of total volatility	1.97	—	—
Sortino ratio: Return per unit of downside risk	2.77	—	—
Omega ratio: Gain probability vs. loss probability	1.34	—	—
Calmar ratio: Return relative to maximum drawdown	3.28	—	—
Martin ratio: Return relative to average drawdown	13.45	—	—

Drawdowns

JQUA vs. GXLC - Drawdown Comparison

The maximum JQUA drawdown since its inception was -32.92%, which is greater than GXLC's maximum drawdown of -9.08%. Use the drawdown chart below to compare losses from any high point for JQUA and GXLC.

Drawdown Indicators

	JQUA	GXLC	Difference
Max Drawdown Largest peak-to-trough decline	-32.92%	-9.08%	-23.84%
Max Drawdown (1Y) Largest decline over 1 year	-7.13%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-16.81%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-22.47%	—	—
Current Drawdown Current decline from peak	-0.97%	-1.29%	+0.32%
Average Drawdown Average peak-to-trough decline	-4.15%	-1.53%	-2.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.74%	—	—

Volatility

Volatility by Period

	JQUA	GXLC	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.14%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.31%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.88%	13.82%	-1.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.72%	13.82%	+1.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.01%	13.82%	+4.19%

JQUA vs. GXLC - Expense Ratio Comparison

JQUA has a 0.12% expense ratio, which is higher than GXLC's 0.02% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

JQUA vs. GXLC - Dividend Comparison

JQUA's dividend yield for the trailing twelve months is around 1.08%, more than GXLC's 0.63% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
GXLC Global X U.S. 500 ETF	0.63%	0.30%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
JQUA JPMorgan U.S. Quality Factor ETF	1.08%	1.19%	1.24%	1.21%	1.60%	1.32%	1.44%	1.67%	2.10%	0.40%

Frequently Asked Questions

Can I hold both JQUA and GXLC in my portfolio?

With a correlation of 0.90, JQUA and GXLC 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, JQUA or GXLC?

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, JQUA or GXLC?

GXLC is cheaper with a 0.02% expense ratio, compared with 0.12% for JQUA.

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

JQUA has the higher dividend yield at 1.08%, compared with 0.63% for GXLC.

What is the main difference between JQUA and GXLC?

JQUA tracks JP Morgan US Quality Factor Index, while GXLC tracks Solactive GBS United States 500 Index. They also come from different issuers: JPMorgan and Global X. Their fees differ too: 0.12% for JQUA and 0.02% for GXLC.