OALC vs. GXLC

Last updated Jun 24, 2026

OALC (OneAscent Large Cap Core ETF) and GXLC (Global X U.S. 500 ETF) are both Large Cap Blend Equities funds. OALC is actively managed, while GXLC is passively managed. With a 0.97 correlation, they move nearly in lockstep. OALC charges 0.49%/yr vs 0.02%/yr for GXLC.

Performance

OALC vs. GXLC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in OneAscent Large Cap Core ETF (OALC) 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, OALC achieves a 13.18% return, which is significantly higher than GXLC's 8.31% return.

OALC

• 1D: -1.66%
• 1M: 0.31%
• YTD: 13.18%
• 6M: 12.19%
• 1Y: 28.83%
• 3Y*: 22.15%
• 5Y*: —
• 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)

OALC vs. GXLC - Yearly Performance Comparison

	2026 (YTD)	2025
OALC OneAscent Large Cap Core ETF	13.18%	2.50%
GXLC Global X U.S. 500 ETF	8.31%	3.22%

Correlation

The correlation between OALC and GXLC is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 24, 2025	0.97

Return for Risk

OALC vs. GXLC — Risk / Return Rank

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

OALC

OALC Risk / Return Rank: 73
OALC Sharpe Ratio Rank: 71
OALC Sortino Ratio Rank: 68
OALC Omega Ratio Rank: 68
OALC Calmar Ratio Rank: 74
OALC Martin Ratio Rank: 82

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.

OALC vs. GXLC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for OneAscent Large Cap Core ETF (OALC) 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.

	OALC	GXLC	Difference
Sharpe ratio: Return per unit of total volatility	2.09	—	—
Sortino ratio: Return per unit of downside risk	2.84	—	—
Omega ratio: Gain probability vs. loss probability	1.37	—	—
Calmar ratio: Return relative to maximum drawdown	3.44	—	—
Martin ratio: Return relative to average drawdown	15.19	—	—

Drawdowns

OALC vs. GXLC - Drawdown Comparison

The maximum OALC drawdown since its inception was -26.82%, which is greater than GXLC's maximum drawdown of -9.08%. Use the drawdown chart below to compare losses from any high point for OALC and GXLC.

Drawdown Indicators

	OALC	GXLC	Difference
Max Drawdown Largest peak-to-trough decline	-26.82%	-9.08%	-17.74%
Max Drawdown (1Y) Largest decline over 1 year	-8.42%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-17.64%	—	—
Current Drawdown Current decline from peak	-2.70%	-3.05%	+0.35%
Average Drawdown Average peak-to-trough decline	-6.98%	-1.54%	-5.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.90%	—	—

Volatility

Volatility by Period

	OALC	GXLC	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.67%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.04%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.86%	13.85%	+0.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.35%	13.85%	+3.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.35%	13.85%	+3.50%

OALC vs. GXLC - Expense Ratio Comparison

OALC has a 0.49% expense ratio, which is higher than GXLC's 0.02% expense ratio.

Dividends

OALC vs. GXLC - Dividend Comparison

OALC's dividend yield for the trailing twelve months is around 0.54%, less than GXLC's 0.65% yield.

Position	TTM	2025	2024	2023	2022	2021
GXLC Global X U.S. 500 ETF	0.65%	0.30%	0.00%	0.00%	0.00%	0.00%
OALC OneAscent Large Cap Core ETF	0.54%	0.61%	0.70%	0.40%	0.40%	0.06%

Frequently Asked Questions

Can I hold both OALC and GXLC in my portfolio?

With a correlation of 0.97, OALC 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, OALC 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, OALC or GXLC?

GXLC is cheaper with a 0.02% expense ratio, compared with 0.49% for OALC.

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

GXLC has the higher dividend yield at 0.65%, compared with 0.54% for OALC.

What is the main difference between OALC and GXLC?

They also come from different issuers: Oneascent and Global X. Their fees differ too: 0.49% for OALC and 0.02% for GXLC.