USNZ vs. GXLC

Last updated Jun 24, 2026

USNZ (Xtrackers Net Zero Pathway Paris Aligned US Equity ETF) and GXLC (Global X U.S. 500 ETF) are both Large Cap Blend Equities funds - USNZ tracks the Solactive ISS ESG United States Net Zero Pathway Enhanced Index - Benchmark TR Net while GXLC tracks the Solactive GBS United States 500 Index. Both are passively managed. With a 0.99 correlation, they move nearly in lockstep. USNZ charges 0.10%/yr vs 0.02%/yr for GXLC.

Performance

USNZ vs. GXLC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers Net Zero Pathway Paris Aligned US Equity ETF (USNZ) 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, USNZ achieves a 7.73% return, which is significantly lower than GXLC's 8.31% return.

USNZ

• 1D: -1.42%
• 1M: -1.23%
• YTD: 7.73%
• 6M: 6.91%
• 1Y: 24.01%
• 3Y*: 19.54%
• 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)

USNZ vs. GXLC - Yearly Performance Comparison

	2026 (YTD)	2025
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF	7.73%	3.22%
GXLC Global X U.S. 500 ETF	8.31%	3.22%

Correlation

The correlation between USNZ 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

Return for Risk

USNZ vs. GXLC — Risk / Return Rank

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

USNZ

USNZ Risk / Return Rank: 54
USNZ Sharpe Ratio Rank: 57
USNZ Sortino Ratio Rank: 56
USNZ Omega Ratio Rank: 55
USNZ Calmar Ratio Rank: 48
USNZ Martin Ratio Rank: 57

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.

USNZ vs. GXLC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers Net Zero Pathway Paris Aligned US Equity ETF (USNZ) 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.

	USNZ	GXLC	Difference
Sharpe ratio: Return per unit of total volatility	1.76	—	—
Sortino ratio: Return per unit of downside risk	2.45	—	—
Omega ratio: Gain probability vs. loss probability	1.31	—	—
Calmar ratio: Return relative to maximum drawdown	2.18	—	—
Martin ratio: Return relative to average drawdown	9.31	—	—

Drawdowns

USNZ vs. GXLC - Drawdown Comparison

The maximum USNZ drawdown since its inception was -19.16%, which is greater than GXLC's maximum drawdown of -9.08%. Use the drawdown chart below to compare losses from any high point for USNZ and GXLC.

Drawdown Indicators

	USNZ	GXLC	Difference
Max Drawdown Largest peak-to-trough decline	-19.16%	-9.08%	-10.08%
Max Drawdown (1Y) Largest decline over 1 year	-11.07%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-19.16%	—	—
Current Drawdown Current decline from peak	-3.54%	-3.05%	-0.49%
Average Drawdown Average peak-to-trough decline	-3.30%	-1.54%	-1.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.58%	—	—

Volatility

Volatility by Period

	USNZ	GXLC	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.26%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.08%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.72%	13.85%	-0.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.70%	13.85%	+2.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.70%	13.85%	+2.85%

USNZ vs. GXLC - Expense Ratio Comparison

USNZ has a 0.10% 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

USNZ vs. GXLC - Dividend Comparison

USNZ's dividend yield for the trailing twelve months is around 0.98%, more than GXLC's 0.65% yield.

Position	TTM	2025	2024	2023	2022
GXLC Global X U.S. 500 ETF	0.65%	0.30%	0.00%	0.00%	0.00%
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF	0.98%	1.02%	1.14%	1.19%	0.80%

Frequently Asked Questions

Can I hold both USNZ and GXLC in my portfolio?

With a correlation of 0.99, USNZ 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, USNZ 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, USNZ or GXLC?

GXLC is cheaper with a 0.02% expense ratio, compared with 0.10% for USNZ.

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

USNZ has the higher dividend yield at 0.98%, compared with 0.65% for GXLC.

What is the main difference between USNZ and GXLC?

USNZ tracks Solactive ISS ESG United States Net Zero Pathway Enhanced Index - Benchmark TR Net, while GXLC tracks Solactive GBS United States 500 Index. They also come from different issuers: Xtrackers and Global X. Their fees differ too: 0.10% for USNZ and 0.02% for GXLC.