MAGA vs. GXLC

Last updated Jun 25, 2026

MAGA (Point Bridge GOP Stock Tracker ETF) and GXLC (Global X U.S. 500 ETF) are both Large Cap Blend Equities funds - MAGA tracks the Point Bridge GOP Stock Tracker Index while GXLC tracks the Solactive GBS United States 500 Index. Both are passively managed. A 0.55 correlation means they provide meaningful diversification when combined. MAGA charges 0.72%/yr vs 0.02%/yr for GXLC.

Performance

MAGA vs. GXLC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Point Bridge GOP Stock Tracker ETF (MAGA) and Global X U.S. 500 ETF (GXLC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with MAGA having a 8.12% return and GXLC slightly higher at 8.31%.

MAGA

• 1D: 0.67%
• 1M: 1.99%
• YTD: 8.12%
• 6M: 6.96%
• 1Y: 13.03%
• 3Y*: 15.43%
• 5Y*: 10.22%
• 10Y*: —

GXLC

• 1D: -1.32%
• 1M: -1.12%
• YTD: 8.31%
• 6M: 7.39%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MAGA vs. GXLC - Yearly Performance Comparison

	2026 (YTD)	2025
MAGA Point Bridge GOP Stock Tracker ETF	8.12%	0.13%
GXLC Global X U.S. 500 ETF	8.31%	3.22%

Correlation

The correlation between MAGA and GXLC is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 24, 2025	0.55

Return for Risk

MAGA vs. GXLC — Risk / Return Rank

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

MAGA

MAGA Risk / Return Rank: 37
MAGA Sharpe Ratio Rank: 35
MAGA Sortino Ratio Rank: 36
MAGA Omega Ratio Rank: 32
MAGA Calmar Ratio Rank: 41
MAGA Martin Ratio Rank: 39

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.

MAGA vs. GXLC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Point Bridge GOP Stock Tracker ETF (MAGA) 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.

	MAGA	GXLC	Difference
Sharpe ratio: Return per unit of total volatility	1.16	—	—
Sortino ratio: Return per unit of downside risk	1.75	—	—
Omega ratio: Gain probability vs. loss probability	1.20	—	—
Calmar ratio: Return relative to maximum drawdown	1.86	—	—
Martin ratio: Return relative to average drawdown	5.65	—	—

Drawdowns

MAGA vs. GXLC - Drawdown Comparison

The maximum MAGA drawdown since its inception was -43.17%, which is greater than GXLC's maximum drawdown of -9.08%. Use the drawdown chart below to compare losses from any high point for MAGA and GXLC.

Drawdown Indicators

	MAGA	GXLC	Difference
Max Drawdown Largest peak-to-trough decline	-43.17%	-9.08%	-34.09%
Max Drawdown (1Y) Largest decline over 1 year	-7.02%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-17.80%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-18.02%	—	—
Current Drawdown Current decline from peak	-1.16%	-3.05%	+1.89%
Average Drawdown Average peak-to-trough decline	-5.70%	-1.54%	-4.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.31%	—	—

Volatility

Volatility by Period

	MAGA	GXLC	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.05%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.15%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.32%	13.85%	-2.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.27%	13.85%	+2.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.26%	13.85%	+6.41%

MAGA vs. GXLC - Expense Ratio Comparison

MAGA has a 0.72% expense ratio, which is higher than GXLC's 0.02% expense ratio.

Dividends

MAGA vs. GXLC - Dividend Comparison

MAGA's dividend yield for the trailing twelve months is around 1.49%, more than GXLC's 0.65% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
GXLC Global X U.S. 500 ETF	0.65%	0.30%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MAGA Point Bridge GOP Stock Tracker ETF	1.49%	1.61%	1.18%	1.60%	1.33%	0.69%	2.59%	2.19%	2.14%	0.43%

Frequently Asked Questions

Can I hold both MAGA and GXLC in my portfolio?

MAGA and GXLC have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MAGA 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, MAGA or GXLC?

GXLC is cheaper with a 0.02% expense ratio, compared with 0.72% for MAGA.

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

MAGA has the higher dividend yield at 1.49%, compared with 0.65% for GXLC.

What is the main difference between MAGA and GXLC?

MAGA tracks Point Bridge GOP Stock Tracker Index, while GXLC tracks Solactive GBS United States 500 Index. They also come from different issuers: Point Bridge Capital and Global X. Their fees differ too: 0.72% for MAGA and 0.02% for GXLC.