PQUS vs. GXLC

Last updated Jul 24, 2026

PQUS (Pictet AI Enhanced US Equity ETF) and GXLC (Global X U.S. 500 ETF) are both Large Cap Blend Equities funds. PQUS is actively managed, while GXLC is passively managed. With a 0.98 correlation, they move nearly in lockstep. PQUS charges 0.30%/yr vs 0.02%/yr for GXLC.

Performance

PQUS vs. GXLC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pictet AI Enhanced US Equity ETF (PQUS) and Global X U.S. 500 ETF (GXLC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PQUS

• 1D: -1.25%
• 1M: 0.34%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

GXLC

• 1D: -1.37%
• 1M: 0.29%
• 6M: 7.68%
• YTD: 8.62%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GXLC Global X U.S. 500 ETF	$29.77K	$21.98K	$17.15K
PQUS Pictet AI Enhanced US Equity ETF	$263.35K	$1.17M	$490.77K

PQUS vs. GXLC - Yearly Performance Comparison

	2026 (YTD)
PQUS Pictet AI Enhanced US Equity ETF	8.52%
GXLC Global X U.S. 500 ETF	7.21%

Correlation

The correlation between PQUS and GXLC is 0.98 - 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 Feb 26, 2026	0.98

Return for Risk

PQUS vs. GXLC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pictet AI Enhanced US Equity ETF (PQUS) 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

PQUS vs. GXLC - Drawdown Comparison

The maximum PQUS drawdown since its inception was -7.19%, smaller than the maximum GXLC drawdown of -9.08%. Use the drawdown chart below to compare losses from any high point for PQUS and GXLC.

Drawdown Indicators

	PQUS	GXLC	Difference
Max Drawdown Largest peak-to-trough decline	-7.19%	-9.08%	+1.89%
Current Drawdown Current decline from peak	-2.30%	-2.77%	+0.47%
Average Drawdown Average peak-to-trough decline	-1.43%	-1.55%	+0.12%

Volatility

Volatility by Period

	PQUS	GXLC	Difference
Volatility (1Y) Calculated over the trailing 1-year period	14.42%	13.53%	+0.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.42%	13.53%	+0.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.42%	13.53%	+0.89%

PQUS vs. GXLC - Expense Ratio Comparison

PQUS has a 0.30% expense ratio, which is higher than GXLC's 0.02% expense ratio.

Dividends

PQUS vs. GXLC - Dividend Comparison

PQUS has not paid dividends to shareholders, while GXLC's dividend yield for the trailing twelve months is around 0.64%.

Position	TTM	2025
GXLC Global X U.S. 500 ETF	0.64%	0.30%
PQUS Pictet AI Enhanced US Equity ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both PQUS and GXLC in my portfolio?

With a correlation of 0.98, PQUS 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, PQUS 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, PQUS or GXLC?

GXLC is cheaper with a 0.02% expense ratio, compared with 0.30% for PQUS.

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

GXLC has the higher dividend yield at 0.64%, compared with 0.00% for PQUS.

What is the main difference between PQUS and GXLC?

They also come from different issuers: Pictet and Global X. Their fees differ too: 0.30% for PQUS and 0.02% for GXLC.