USEW vs. GXLC

Last updated Jul 12, 2026

USEW (Cambria U.S. Equal Weight ETF) and GXLC (Global X U.S. 500 ETF) are both Large Cap Blend Equities funds. USEW is actively managed, while GXLC is passively managed. Their correlation of 0.93 suggests significant overlap in exposure. USEW charges 0.25%/yr vs 0.02%/yr for GXLC.

Performance

USEW vs. GXLC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cambria U.S. Equal Weight ETF (USEW) and Global X U.S. 500 ETF (GXLC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with USEW having a 11.02% return and GXLC slightly higher at 11.30%.

USEW

• 1D: 0.29%
• 1M: 2.79%
• 6M: 8.79%
• YTD: 11.02%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GXLC

• 1D: 0.44%
• 1M: 2.11%
• 6M: 9.40%
• YTD: 11.30%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

USEW vs. GXLC - Yearly Performance Comparison

	2026 (YTD)	2025
USEW Cambria U.S. Equal Weight ETF	11.02%	0.51%
GXLC Global X U.S. 500 ETF	11.30%	1.98%

Correlation

The correlation between USEW and GXLC is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 18, 2025	0.93

Return for Risk

USEW vs. GXLC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cambria U.S. Equal Weight ETF (USEW) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

USEW vs. GXLC - Drawdown Comparison

The maximum USEW drawdown since its inception was -7.85%, smaller than the maximum GXLC drawdown of -9.08%. Use the drawdown chart below to compare losses from any high point for USEW and GXLC.

Drawdown Indicators

	USEW	GXLC	Difference
Max Drawdown Largest peak-to-trough decline	-7.85%	-9.08%	+1.23%
Current Drawdown Current decline from peak	0.00%	-0.37%	+0.37%
Average Drawdown Average peak-to-trough decline	-1.24%	-1.56%	+0.32%

Volatility

Volatility by Period

	USEW	GXLC	Difference
Volatility (1Y) Calculated over the trailing 1-year period	12.69%	13.61%	-0.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.69%	13.61%	-0.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.69%	13.61%	-0.92%

USEW vs. GXLC - Expense Ratio Comparison

USEW has a 0.25% expense ratio, which is higher than GXLC's 0.02% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

USEW vs. GXLC - Dividend Comparison

USEW's dividend yield for the trailing twelve months is around 0.55%, less than GXLC's 0.63% yield.

Position	TTM	2025
GXLC Global X U.S. 500 ETF	0.63%	0.30%
USEW Cambria U.S. Equal Weight ETF	0.55%	0.13%

Frequently Asked Questions

Can I hold both USEW and GXLC in my portfolio?

With a correlation of 0.93, USEW 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.

Which ETF is better, USEW 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, USEW or GXLC?

GXLC is cheaper with a 0.02% expense ratio, compared with 0.25% for USEW.

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

GXLC has the higher dividend yield at 0.63%, compared with 0.55% for USEW.

What is the main difference between USEW and GXLC?

They also come from different issuers: Cambria and Global X. Their fees differ too: 0.25% for USEW and 0.02% for GXLC.