VPX vs. GXLC

Last updated Jul 10, 2026

VPX (Variant Perception Cycle Aware US Equity ETF) and GXLC (Global X U.S. 500 ETF) are both Large Cap Blend Equities funds. VPX is actively managed, while GXLC is passively managed. Their correlation of 0.93 suggests significant overlap in exposure. VPX charges 0.75%/yr vs 0.02%/yr for GXLC.

Performance

VPX vs. GXLC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Variant Perception Cycle Aware US Equity ETF (VPX) and Global X U.S. 500 ETF (GXLC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

VPX

• 1D: 0.76%
• 1M: 4.37%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GXLC

• 1D: 0.76%
• 1M: 2.36%
• 6M: 9.64%
• YTD: 10.81%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VPX vs. GXLC - Yearly Performance Comparison

	2026 (YTD)
VPX Variant Perception Cycle Aware US Equity ETF	20.65%
GXLC Global X U.S. 500 ETF	12.01%

Correlation

The correlation between VPX 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 Mar 12, 2026	0.93

Return for Risk

VPX vs. GXLC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Variant Perception Cycle Aware US Equity ETF (VPX) 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

VPX vs. GXLC - Drawdown Comparison

The maximum VPX drawdown since its inception was -5.91%, smaller than the maximum GXLC drawdown of -9.08%. Use the drawdown chart below to compare losses from any high point for VPX and GXLC.

Drawdown Indicators

	VPX	GXLC	Difference
Max Drawdown Largest peak-to-trough decline	-5.91%	-9.08%	+3.17%
Current Drawdown Current decline from peak	0.00%	-0.81%	+0.81%
Average Drawdown Average peak-to-trough decline	-0.90%	-1.56%	+0.66%

Volatility

Volatility by Period

	VPX	GXLC	Difference
Volatility (1Y) Calculated over the trailing 1-year period	16.44%	13.64%	+2.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.44%	13.64%	+2.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.44%	13.64%	+2.80%

VPX vs. GXLC - Expense Ratio Comparison

VPX has a 0.75% expense ratio, which is higher than GXLC's 0.02% expense ratio.

Dividends

VPX vs. GXLC - Dividend Comparison

VPX has not paid dividends to shareholders, while GXLC's dividend yield for the trailing twelve months is around 0.63%.

Position	TTM	2025
GXLC Global X U.S. 500 ETF	0.63%	0.30%
VPX Variant Perception Cycle Aware US Equity ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both VPX and GXLC in my portfolio?

With a correlation of 0.93, VPX 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, VPX 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, VPX or GXLC?

GXLC is cheaper with a 0.02% expense ratio, compared with 0.75% for VPX.

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

GXLC has the higher dividend yield at 0.63%, compared with 0.00% for VPX.

What is the main difference between VPX and GXLC?

They also come from different issuers: Variant Perception and Global X. Their fees differ too: 0.75% for VPX and 0.02% for GXLC.