UPGR vs. GXPE

Last updated Jul 15, 2026

UPGR (Xtrackers US Green Infrastructure Select Equity ETF) and GXPE (Global X PureCap MSCI Energy ETF) are both Energy Equities funds - UPGR tracks the Solactive United States Green Infrastructure ESG Screened Index - Benchmark TR Gross while GXPE tracks the MSCI USA Energy PureCap Index. Both are passively managed. At a correlation of -0.03, they often move in opposite directions. UPGR charges 0.35%/yr vs 0.15%/yr for GXPE.

Performance

UPGR vs. GXPE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers US Green Infrastructure Select Equity ETF (UPGR) and Global X PureCap MSCI Energy ETF (GXPE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UPGR achieves a 6.19% return, which is significantly lower than GXPE's 28.22% return.

UPGR

• 1D: 2.02%
• 1M: -4.25%
• 6M: -2.10%
• YTD: 6.19%
• 1Y: 31.11%
• 3Y*: 1.94%
• 5Y*: —
• 10Y*: —

GXPE

• 1D: 0.35%
• 1M: 0.12%
• 6M: 22.19%
• YTD: 28.22%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

UPGR vs. GXPE - Yearly Performance Comparison

	2026 (YTD)	2025
UPGR Xtrackers US Green Infrastructure Select Equity ETF	6.19%	16.43%
GXPE Global X PureCap MSCI Energy ETF	28.22%	4.62%

Correlation

The correlation between UPGR and GXPE is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025	-0.03

Return for Risk

UPGR vs. GXPE — Risk / Return Rank

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

UPGR

UPGR Risk / Return Rank: 35
UPGR Sharpe Ratio Rank: 32
UPGR Sortino Ratio Rank: 33
UPGR Omega Ratio Rank: 30
UPGR Calmar Ratio Rank: 45
UPGR Martin Ratio Rank: 34

GXPE

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.

UPGR vs. GXPE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers US Green Infrastructure Select Equity ETF (UPGR) and Global X PureCap MSCI Energy ETF (GXPE). 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.

	UPGR	GXPE	Difference
Sharpe ratio: Return per unit of total volatility	0.96	—	—
Sortino ratio: Return per unit of downside risk	1.47	—	—
Omega ratio: Gain probability vs. loss probability	1.17	—	—
Calmar ratio: Return relative to maximum drawdown	1.85	—	—
Martin ratio: Return relative to average drawdown	4.08	—	—

Drawdowns

UPGR vs. GXPE - Drawdown Comparison

The maximum UPGR drawdown since its inception was -46.60%, which is greater than GXPE's maximum drawdown of -15.73%. Use the drawdown chart below to compare losses from any high point for UPGR and GXPE.

Drawdown Indicators

	UPGR	GXPE	Difference
Max Drawdown Largest peak-to-trough decline	-46.60%	-15.73%	-30.87%
Max Drawdown (1Y) Largest decline over 1 year	-16.90%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-46.60%	—	—
Current Drawdown Current decline from peak	-15.23%	-8.98%	-6.25%
Average Drawdown Average peak-to-trough decline	-20.15%	-4.17%	-15.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.64%	—	—

Volatility

Volatility by Period

	UPGR	GXPE	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.82%	—	—
Volatility (6M) Calculated over the trailing 6-month period	23.24%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	32.43%	20.81%	+11.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.99%	20.81%	+10.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.99%	20.81%	+10.18%

UPGR vs. GXPE - Expense Ratio Comparison

UPGR has a 0.35% expense ratio, which is higher than GXPE's 0.15% expense ratio.

Dividends

UPGR vs. GXPE - Dividend Comparison

UPGR's dividend yield for the trailing twelve months is around 0.30%, less than GXPE's 2.17% yield.

Position	TTM	2025	2024	2023
GXPE Global X PureCap MSCI Energy ETF	2.17%	1.20%	0.00%	0.00%
UPGR Xtrackers US Green Infrastructure Select Equity ETF	0.30%	0.39%	1.16%	0.32%

Frequently Asked Questions

Can I hold both UPGR and GXPE in my portfolio?

UPGR and GXPE have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UPGR or GXPE?

On fees, GXPE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UPGR or GXPE?

GXPE is cheaper with a 0.15% expense ratio, compared with 0.35% for UPGR.

Which ETF pays a higher dividend yield, UPGR or GXPE?

GXPE has the higher dividend yield at 2.17%, compared with 0.30% for UPGR.

What is the main difference between UPGR and GXPE?

UPGR tracks Solactive United States Green Infrastructure ESG Screened Index - Benchmark TR Gross, while GXPE tracks MSCI USA Energy PureCap Index. They also come from different issuers: Xtrackers and Global X. Their fees differ too: 0.35% for UPGR and 0.15% for GXPE.