SPUC vs. GXLC
SPUC (Simplify US Equity PLUS Upside Convexity ETF) and GXLC (Global X U.S. 500 ETF) are both Large Cap Blend Equities funds. SPUC is actively managed, while GXLC is passively managed. With a 0.96 correlation, they move nearly in lockstep. SPUC charges 0.53%/yr vs 0.02%/yr for GXLC.
Performance
SPUC vs. GXLC - Performance Comparison
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Returns By Period
In the year-to-date period, SPUC achieves a 7.04% return, which is significantly lower than GXLC's 8.31% return.
SPUC
- 1D
- -1.29%
- 1M
- -0.82%
- YTD
- 7.04%
- 6M
- 5.67%
- 1Y
- 25.30%
- 3Y*
- 22.48%
- 5Y*
- 13.13%
- 10Y*
- —
GXLC
- 1D
- -1.32%
- 1M
- -1.12%
- YTD
- 8.31%
- 6M
- 7.39%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPUC vs. GXLC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SPUC Simplify US Equity PLUS Upside Convexity ETF | 7.04% | -0.12% |
GXLC Global X U.S. 500 ETF | 8.31% | 3.22% |
Correlation
The correlation between SPUC 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
SPUC vs. GXLC — Risk / Return Rank
SPUC
GXLC
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SPUC vs. GXLC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify US Equity PLUS Upside Convexity ETF (SPUC) 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.
| SPUC | GXLC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.26 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.20 | — | — |
| Martin ratioReturn relative to average drawdown | 7.36 | — | — |
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Drawdowns
SPUC vs. GXLC - Drawdown Comparison
The maximum SPUC drawdown since its inception was -29.20%, which is greater than GXLC's maximum drawdown of -9.08%. Use the drawdown chart below to compare losses from any high point for SPUC and GXLC.
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Drawdown Indicators
| SPUC | GXLC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.20% | -9.08% | -20.12% |
Max Drawdown (1Y)Largest decline over 1 year | -11.56% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -28.17% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -29.20% | — | — |
Current DrawdownCurrent decline from peak | -2.49% | -3.05% | +0.56% |
Average DrawdownAverage peak-to-trough decline | -8.42% | -1.54% | -6.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.44% | — | — |
Volatility
SPUC vs. GXLC - Volatility Comparison
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Volatility by Period
| SPUC | GXLC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.93% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 11.09% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 17.05% | 13.85% | +3.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.03% | 13.85% | +8.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.45% | 13.85% | +7.60% |
SPUC vs. GXLC - Expense Ratio Comparison
SPUC has a 0.53% expense ratio, which is higher than GXLC's 0.02% expense ratio.
Dividends
SPUC vs. GXLC - Dividend Comparison
SPUC's dividend yield for the trailing twelve months is around 9.39%, more than GXLC's 0.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
GXLC Global X U.S. 500 ETF | 0.65% | 0.30% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPUC Simplify US Equity PLUS Upside Convexity ETF | 9.39% | 7.70% | 0.94% | 1.33% | 1.53% | 2.00% | 0.75% |
Frequently Asked Questions
With a correlation of 0.96, SPUC 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 SPUC.
SPUC has the higher dividend yield at 9.39%, compared with 0.65% for GXLC.
They also come from different issuers: Simplify and Global X. Their fees differ too: 0.53% for SPUC and 0.02% for GXLC.
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