SSPY vs. GXLC

Last updated Jun 24, 2026

SSPY (Stratified LargeCap Index ETF) and GXLC (Global X U.S. 500 ETF) are both Large Cap Blend Equities funds - SSPY tracks the Syntax Stratified LargeCap Index while GXLC tracks the Solactive GBS United States 500 Index. Both are passively managed. A 0.73 correlation means they provide meaningful diversification when combined. SSPY charges 0.45%/yr vs 0.02%/yr for GXLC.

Performance

SSPY vs. GXLC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Stratified LargeCap Index ETF (SSPY) 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, SSPY achieves a 10.20% return, which is significantly higher than GXLC's 8.31% return.

SSPY

• 1D: 0.00%
• 1M: 0.69%
• YTD: 10.20%
• 6M: 9.59%
• 1Y: 20.12%
• 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)

SSPY vs. GXLC - Yearly Performance Comparison

	2026 (YTD)	2025
SSPY Stratified LargeCap Index ETF	10.20%	2.08%
GXLC Global X U.S. 500 ETF	8.31%	3.22%

Correlation

The correlation between SSPY and GXLC is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 24, 2025	0.73

Return for Risk

SSPY vs. GXLC — Risk / Return Rank

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

SSPY

SSPY Risk / Return Rank: 61
SSPY Sharpe Ratio Rank: 61
SSPY Sortino Ratio Rank: 63
SSPY Omega Ratio Rank: 58
SSPY Calmar Ratio Rank: 60
SSPY Martin Ratio Rank: 63

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.

SSPY vs. GXLC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Stratified LargeCap Index ETF (SSPY) 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.

	SSPY	GXLC	Difference
Sharpe ratio: Return per unit of total volatility	1.87	—	—
Sortino ratio: Return per unit of downside risk	2.74	—	—
Omega ratio: Gain probability vs. loss probability	1.33	—	—
Calmar ratio: Return relative to maximum drawdown	2.76	—	—
Martin ratio: Return relative to average drawdown	10.55	—	—

Drawdowns

SSPY vs. GXLC - Drawdown Comparison

The maximum SSPY drawdown since its inception was -16.16%, which is greater than GXLC's maximum drawdown of -9.08%. Use the drawdown chart below to compare losses from any high point for SSPY and GXLC.

Drawdown Indicators

	SSPY	GXLC	Difference
Max Drawdown Largest peak-to-trough decline	-16.16%	-9.08%	-7.08%
Max Drawdown (1Y) Largest decline over 1 year	-7.32%	—	—
Current Drawdown Current decline from peak	-1.43%	-3.05%	+1.62%
Average Drawdown Average peak-to-trough decline	-2.27%	-1.54%	-0.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.91%	—	—

Volatility

Volatility by Period

	SSPY	GXLC	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.16%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.91%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.80%	13.85%	-3.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.48%	13.85%	+0.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.48%	13.85%	+0.63%

SSPY vs. GXLC - Expense Ratio Comparison

SSPY has a 0.45% expense ratio, which is higher than GXLC's 0.02% expense ratio.

Dividends

SSPY vs. GXLC - Dividend Comparison

SSPY's dividend yield for the trailing twelve months is around 1.26%, more than GXLC's 0.65% yield.

Position	TTM	2025	2024
GXLC Global X U.S. 500 ETF	0.65%	0.30%	0.00%
SSPY Stratified LargeCap Index ETF	1.26%	1.38%	0.35%

Frequently Asked Questions

Can I hold both SSPY and GXLC in my portfolio?

SSPY and GXLC have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SSPY 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, SSPY or GXLC?

GXLC is cheaper with a 0.02% expense ratio, compared with 0.45% for SSPY.

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

SSPY has the higher dividend yield at 1.26%, compared with 0.65% for GXLC.

What is the main difference between SSPY and GXLC?

SSPY tracks Syntax Stratified LargeCap Index, while GXLC tracks Solactive GBS United States 500 Index. They also come from different issuers: Exchange Traded Concepts and Global X. Their fees differ too: 0.45% for SSPY and 0.02% for GXLC.