SPD vs. GXLC
SPD (Simplify US Equity PLUS Downside Convexity ETF) and GXLC (Global X U.S. 500 ETF) are both Large Cap Blend Equities funds. SPD is actively managed, while GXLC is passively managed. Their 0.97 correlation means they have historically moved very closely together. SPD charges 0.53%/yr vs 0.02%/yr for GXLC.
Performance
SPD vs. GXLC - Performance Comparison
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Returns By Period
In the year-to-date period, SPD achieves a 7.33% return, which is significantly lower than GXLC's 11.54% return.
SPD
- 1D
- 1.80%
- 1M
- 1.36%
- 6M
- 6.17%
- YTD
- 7.33%
- 1Y
- 13.84%
- 3Y*
- 16.41%
- 5Y*
- 7.54%
- 10Y*
- —
- ALL TIME*
- 10.56%
GXLC
- 1D
- 1.34%
- 1M
- 1.54%
- 6M
- 9.67%
- YTD
- 11.54%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $25.69K | $21.89K | $18.29K | |
| $297.15K | $312.14K | $351.11K |
SPD vs. GXLC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SPD Simplify US Equity PLUS Downside Convexity ETF | 7.33% | 0.06% |
GXLC Global X U.S. 500 ETF | 11.54% | 3.22% |
Correlation
The correlation between SPD and GXLC is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 24, 2025 | 0.97 |
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Return for Risk
SPD vs. GXLC — Risk / Return Rank
SPD
GXLC
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SPD vs. GXLC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify US Equity PLUS Downside Convexity ETF (SPD) 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.
| SPD | GXLC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.18 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.17 | — | — |
| Martin ratioReturn relative to average drawdown | 3.68 | — | — |
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Drawdowns
SPD vs. GXLC - Drawdown Comparison
The maximum SPD drawdown since its inception was -27.38%, which is greater than GXLC's maximum drawdown of -9.08%. Use the drawdown chart below to compare losses from any high point for SPD and GXLC.
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Drawdown Indicators
| SPD | GXLC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.38% | -9.08% | -18.30% |
Max Drawdown (1Y)Largest decline over 1 year | -11.90% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -15.18% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -27.38% | — | — |
Current DrawdownCurrent decline from peak | -0.11% | -0.16% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -7.56% | -1.57% | -5.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.77% | — | — |
Volatility
SPD vs. GXLC - Volatility Comparison
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Volatility by Period
| SPD | GXLC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.12% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 9.54% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 13.29% | 13.64% | -0.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.18% | 13.64% | +2.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.95% | 13.64% | +2.31% |
SPD vs. GXLC - Expense Ratio Comparison
SPD has a 0.53% expense ratio, which is higher than GXLC's 0.02% expense ratio.
Dividends
SPD vs. GXLC - Dividend Comparison
SPD's dividend yield for the trailing twelve months is around 0.95%, more than GXLC's 0.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
GXLC Global X U.S. 500 ETF | 0.63% | 0.30% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPD Simplify US Equity PLUS Downside Convexity ETF | 0.95% | 0.97% | 1.14% | 1.91% | 1.64% | 0.88% | 0.43% |
Frequently Asked Questions
With a correlation of 0.97, SPD 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.
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.
GXLC is cheaper with a 0.02% expense ratio, compared with 0.53% for SPD.
SPD has the higher dividend yield at 0.95%, compared with 0.63% for GXLC.
They also come from different issuers: Simplify and Global X. Their fees differ too: 0.53% for SPD and 0.02% for GXLC.
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