TSPA vs. GXLC
TSPA (T. Rowe Price US Equity Research ETF) and GXLC (Global X U.S. 500 ETF) are both Large Cap Blend Equities funds. TSPA is actively managed, while GXLC is passively managed. With a 0.99 correlation, they move nearly in lockstep. TSPA charges 0.34%/yr vs 0.02%/yr for GXLC.
Performance
TSPA vs. GXLC - Performance Comparison
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Returns By Period
In the year-to-date period, TSPA achieves a 10.89% return, which is significantly higher than GXLC's 10.27% return.
TSPA
- 1D
- 1.22%
- 1M
- 1.28%
- YTD
- 10.89%
- 6M
- 11.12%
- 1Y
- 27.26%
- 3Y*
- 21.74%
- 5Y*
- 14.65%
- 10Y*
- —
GXLC
- 1D
- 1.19%
- 1M
- 1.38%
- YTD
- 10.27%
- 6M
- 10.60%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSPA vs. GXLC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TSPA T. Rowe Price US Equity Research ETF | 10.89% | 3.06% |
GXLC Global X U.S. 500 ETF | 10.27% | 3.22% |
Correlation
The correlation between TSPA and GXLC is 0.99 - 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 | 0.99 |
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Return for Risk
TSPA vs. GXLC — Risk / Return Rank
TSPA
GXLC
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TSPA vs. GXLC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price US Equity Research ETF (TSPA) 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.
| TSPA | GXLC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.39 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.96 | — | — |
| Martin ratioReturn relative to average drawdown | 13.40 | — | — |
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Drawdowns
TSPA vs. GXLC - Drawdown Comparison
The maximum TSPA drawdown since its inception was -24.72%, which is greater than GXLC's maximum drawdown of -9.08%. Use the drawdown chart below to compare losses from any high point for TSPA and GXLC.
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Drawdown Indicators
| TSPA | GXLC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.72% | -9.08% | -15.64% |
Max Drawdown (1Y)Largest decline over 1 year | -9.24% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -19.04% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -24.72% | — | — |
Current DrawdownCurrent decline from peak | -1.04% | -1.29% | +0.25% |
Average DrawdownAverage peak-to-trough decline | -5.46% | -1.53% | -3.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | — | — |
Volatility
TSPA vs. GXLC - Volatility Comparison
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Volatility by Period
| TSPA | GXLC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.89% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 10.34% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 12.89% | 13.82% | -0.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.08% | 13.82% | +3.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.04% | 13.82% | +3.22% |
TSPA vs. GXLC - Expense Ratio Comparison
TSPA has a 0.34% expense ratio, which is higher than GXLC's 0.02% expense ratio.
Dividends
TSPA vs. GXLC - Dividend Comparison
TSPA's dividend yield for the trailing twelve months is around 0.56%, less than GXLC's 0.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
GXLC Global X U.S. 500 ETF | 0.63% | 0.30% | 0.00% | 0.00% | 0.00% | 0.00% |
TSPA T. Rowe Price US Equity Research ETF | 0.56% | 0.62% | 0.50% | 0.41% | 1.16% | 0.43% |
Frequently Asked Questions
With a correlation of 0.99, TSPA 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 0.34% for TSPA.
GXLC has the higher dividend yield at 0.63%, compared with 0.56% for TSPA.
They also come from different issuers: T. Rowe Price and Global X. Their fees differ too: 0.34% for TSPA and 0.02% for GXLC.
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