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. With a 0.96 correlation, they move nearly in lockstep. 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 6.22% return, which is significantly lower than GXLC's 9.76% return.
SPD
- 1D
- -0.32%
- 1M
- 0.66%
- YTD
- 6.22%
- 6M
- 5.60%
- 1Y
- 16.20%
- 3Y*
- 17.11%
- 5Y*
- 8.23%
- 10Y*
- —
GXLC
- 1D
- -0.47%
- 1M
- 0.20%
- YTD
- 9.76%
- 6M
- 9.33%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPD vs. GXLC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SPD Simplify US Equity PLUS Downside Convexity ETF | 6.22% | 0.06% |
GXLC Global X U.S. 500 ETF | 9.76% | 3.22% |
Correlation
The correlation between SPD 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 |
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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 | 1.21 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.37 | — | — |
| Martin ratioReturn relative to average drawdown | 4.23 | — | — |
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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 | -1.14% | -1.76% | +0.62% |
Average DrawdownAverage peak-to-trough decline | -7.67% | -1.53% | -6.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.84% | — | — |
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 | 4.47% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 9.33% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 13.60% | 13.79% | -0.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.13% | 13.79% | +2.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.00% | 13.79% | +2.21% |
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 0.96%, more than GXLC's 0.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
GXLC Global X U.S. 500 ETF | 0.64% | 0.30% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPD Simplify US Equity PLUS Downside Convexity ETF | 0.96% | 0.97% | 1.14% | 1.91% | 1.64% | 0.88% | 0.43% |
Frequently Asked Questions
With a correlation of 0.96, 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 0.96%, compared with 0.64% 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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