QLTY vs. GXLC

Last updated Jun 24, 2026

QLTY (GMO U.S. Quality ETF) and GXLC (Global X U.S. 500 ETF) are both Large Cap Blend Equities funds - QLTY tracks the S&P 500 while GXLC tracks the Solactive GBS United States 500 Index. Both are passively managed. Their correlation of 0.91 suggests significant overlap in exposure. QLTY charges 0.50%/yr vs 0.02%/yr for GXLC.

Performance

QLTY vs. GXLC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GMO U.S. Quality ETF (QLTY) 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, QLTY achieves a 5.56% return, which is significantly lower than GXLC's 8.31% return.

QLTY

• 1D: -0.98%
• 1M: -1.19%
• YTD: 5.56%
• 6M: 4.84%
• 1Y: 23.44%
• 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)

QLTY vs. GXLC - Yearly Performance Comparison

	2026 (YTD)	2025
QLTY GMO U.S. Quality ETF	5.56%	6.18%
GXLC Global X U.S. 500 ETF	8.31%	3.22%

Correlation

The correlation between QLTY 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 Sep 24, 2025	0.91

Return for Risk

QLTY vs. GXLC — Risk / Return Rank

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

QLTY

QLTY Risk / Return Rank: 53
QLTY Sharpe Ratio Rank: 59
QLTY Sortino Ratio Rank: 59
QLTY Omega Ratio Rank: 56
QLTY Calmar Ratio Rank: 43
QLTY Martin Ratio Rank: 51

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.

QLTY vs. GXLC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GMO U.S. Quality ETF (QLTY) 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.

	QLTY	GXLC	Difference
Sharpe ratio: Return per unit of total volatility	1.87	—	—
Sortino ratio: Return per unit of downside risk	2.65	—	—
Omega ratio: Gain probability vs. loss probability	1.33	—	—
Calmar ratio: Return relative to maximum drawdown	2.01	—	—
Martin ratio: Return relative to average drawdown	8.15	—	—

Drawdowns

QLTY vs. GXLC - Drawdown Comparison

The maximum QLTY drawdown since its inception was -17.00%, which is greater than GXLC's maximum drawdown of -9.08%. Use the drawdown chart below to compare losses from any high point for QLTY and GXLC.

Drawdown Indicators

	QLTY	GXLC	Difference
Max Drawdown Largest peak-to-trough decline	-17.00%	-9.08%	-7.92%
Max Drawdown (1Y) Largest decline over 1 year	-11.71%	—	—
Current Drawdown Current decline from peak	-2.89%	-3.05%	+0.16%
Average Drawdown Average peak-to-trough decline	-2.04%	-1.54%	-0.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.88%	—	—

Volatility

Volatility by Period

	QLTY	GXLC	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.05%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.74%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.65%	13.85%	-1.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.68%	13.85%	+0.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.68%	13.85%	+0.83%

QLTY vs. GXLC - Expense Ratio Comparison

QLTY has a 0.50% expense ratio, which is higher than GXLC's 0.02% expense ratio.

Dividends

QLTY vs. GXLC - Dividend Comparison

QLTY's dividend yield for the trailing twelve months is around 0.72%, more than GXLC's 0.65% yield.

Position	TTM	2025	2024	2023
GXLC Global X U.S. 500 ETF	0.65%	0.30%	0.00%	0.00%
QLTY GMO U.S. Quality ETF	0.72%	0.73%	0.79%	0.15%

Frequently Asked Questions

Can I hold both QLTY and GXLC in my portfolio?

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

GXLC is cheaper with a 0.02% expense ratio, compared with 0.50% for QLTY.

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

QLTY has the higher dividend yield at 0.72%, compared with 0.65% for GXLC.

What is the main difference between QLTY and GXLC?

QLTY tracks S&P 500, while GXLC tracks Solactive GBS United States 500 Index. They also come from different issuers: GMO and Global X. Their fees differ too: 0.50% for QLTY and 0.02% for GXLC.