PVEX vs. GXLC

Last updated Jun 24, 2026

PVEX (TrueShares ConVequity ETF) and GXLC (Global X U.S. 500 ETF) are both Large Cap Blend Equities funds. With a 0.96 correlation, they move nearly in lockstep. PVEX charges 0.82%/yr vs 0.02%/yr for GXLC.

Performance

PVEX vs. GXLC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TrueShares ConVequity ETF (PVEX) 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, PVEX achieves a 7.08% return, which is significantly lower than GXLC's 8.31% return.

PVEX

• 1D: -0.28%
• 1M: -0.96%
• YTD: 7.08%
• 6M: 6.55%
• 1Y: —
• 3Y*: —
• 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)

PVEX vs. GXLC - Yearly Performance Comparison

	2026 (YTD)	2025
PVEX TrueShares ConVequity ETF	7.08%	1.55%
GXLC Global X U.S. 500 ETF	8.31%	3.22%

Correlation

The correlation between PVEX and GXLC is 0.96 - 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	0.96

Return for Risk

PVEX vs. GXLC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TrueShares ConVequity ETF (PVEX) 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

PVEX vs. GXLC - Drawdown Comparison

The maximum PVEX drawdown since its inception was -7.63%, smaller than the maximum GXLC drawdown of -9.08%. Use the drawdown chart below to compare losses from any high point for PVEX and GXLC.

Drawdown Indicators

	PVEX	GXLC	Difference
Max Drawdown Largest peak-to-trough decline	-7.63%	-9.08%	+1.45%
Current Drawdown Current decline from peak	-3.17%	-3.05%	-0.12%
Average Drawdown Average peak-to-trough decline	-1.95%	-1.54%	-0.41%

Volatility

Volatility by Period

	PVEX	GXLC	Difference
Volatility (1Y) Calculated over the trailing 1-year period	15.27%	13.85%	+1.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.27%	13.85%	+1.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.27%	13.85%	+1.42%

PVEX vs. GXLC - Expense Ratio Comparison

PVEX has a 0.82% expense ratio, which is higher than GXLC's 0.02% expense ratio.

Dividends

PVEX vs. GXLC - Dividend Comparison

PVEX's dividend yield for the trailing twelve months is around 0.18%, less than GXLC's 0.65% yield.

Position	TTM	2025
GXLC Global X U.S. 500 ETF	0.65%	0.30%
PVEX TrueShares ConVequity ETF	0.18%	0.19%

Frequently Asked Questions

Can I hold both PVEX and GXLC in my portfolio?

With a correlation of 0.96, PVEX 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, PVEX 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, PVEX or GXLC?

GXLC is cheaper with a 0.02% expense ratio, compared with 0.82% for PVEX.

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

GXLC has the higher dividend yield at 0.65%, compared with 0.18% for PVEX.

What is the main difference between PVEX and GXLC?

They also come from different issuers: TrueShares and Global X. Their fees differ too: 0.82% for PVEX and 0.02% for GXLC.