MNZL vs. GXLC

Last updated Jul 12, 2026

MNZL (Manzil Russell Halal USA Broad Market ETF) and GXLC (Global X U.S. 500 ETF) are both Large Cap Blend Equities funds - MNZL tracks the Russell IdealRatings Manzil Halal USA Broad Market Index while GXLC tracks the Solactive GBS United States 500 Index. Both are passively managed. Their correlation of 0.91 suggests significant overlap in exposure. MNZL charges 0.40%/yr vs 0.02%/yr for GXLC.

Performance

MNZL vs. GXLC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Manzil Russell Halal USA Broad Market ETF (MNZL) 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, MNZL achieves a 18.55% return, which is significantly higher than GXLC's 11.30% return.

MNZL

• 1D: -0.06%
• 1M: 2.37%
• 6M: 16.46%
• YTD: 18.55%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GXLC

• 1D: 0.44%
• 1M: 2.11%
• 6M: 9.40%
• YTD: 11.30%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MNZL vs. GXLC - Yearly Performance Comparison

	2026 (YTD)	2025
MNZL Manzil Russell Halal USA Broad Market ETF	18.55%	3.37%
GXLC Global X U.S. 500 ETF	11.30%	3.53%

Correlation

The correlation between MNZL and GXLC 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 Nov 19, 2025	0.91

Return for Risk

MNZL vs. GXLC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Manzil Russell Halal USA Broad Market ETF (MNZL) 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.

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

Drawdowns

MNZL vs. GXLC - Drawdown Comparison

The maximum MNZL drawdown since its inception was -9.66%, which is greater than GXLC's maximum drawdown of -9.08%. Use the drawdown chart below to compare losses from any high point for MNZL and GXLC.

Drawdown Indicators

	MNZL	GXLC	Difference
Max Drawdown Largest peak-to-trough decline	-9.66%	-9.08%	-0.58%
Current Drawdown Current decline from peak	-1.17%	-0.37%	-0.80%
Average Drawdown Average peak-to-trough decline	-1.83%	-1.56%	-0.27%

Volatility

Volatility by Period

	MNZL	GXLC	Difference
Volatility (1Y) Calculated over the trailing 1-year period	17.00%	13.61%	+3.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.00%	13.61%	+3.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.00%	13.61%	+3.39%

MNZL vs. GXLC - Expense Ratio Comparison

MNZL has a 0.40% expense ratio, which is higher than GXLC's 0.02% expense ratio.

Dividends

MNZL vs. GXLC - Dividend Comparison

MNZL's dividend yield for the trailing twelve months is around 0.03%, less than GXLC's 0.63% yield.

Position	TTM	2025
GXLC Global X U.S. 500 ETF	0.63%	0.30%
MNZL Manzil Russell Halal USA Broad Market ETF	0.03%	0.04%

Frequently Asked Questions

Can I hold both MNZL and GXLC in my portfolio?

With a correlation of 0.91, MNZL 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, MNZL 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, MNZL or GXLC?

GXLC is cheaper with a 0.02% expense ratio, compared with 0.40% for MNZL.

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

GXLC has the higher dividend yield at 0.63%, compared with 0.03% for MNZL.

What is the main difference between MNZL and GXLC?

MNZL tracks Russell IdealRatings Manzil Halal USA Broad Market Index, while GXLC tracks Solactive GBS United States 500 Index. They also come from different issuers: Manzil and Global X. Their fees differ too: 0.40% for MNZL and 0.02% for GXLC.