VPX vs. GXLC

Last updated Jul 30, 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 means they have usually moved in the same direction. 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: -1.52%
• 1M: -0.60%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

GXLC

• 1D: -1.54%
• 1M: -1.80%
• 6M: 5.33%
• YTD: 7.35%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GXLC Global X U.S. 500 ETF	$31.20K	$20.33K	$17.65K
VPX Variant Perception Cycle Aware US Equity ETF	$182.48K	$205.20K	$111.23K

VPX vs. GXLC - Yearly Performance Comparison

	2026 (YTD)
VPX Variant Perception Cycle Aware US Equity ETF	18.21%
GXLC Global X U.S. 500 ETF	8.51%

Correlation

The correlation between VPX and GXLC is 0.93, meaning they have usually moved in the same direction, including during past declines.

	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	-2.39%	-3.91%	+1.52%
Average Drawdown Average peak-to-trough decline	-0.87%	-1.58%	+0.71%

Volatility

Volatility by Period

	VPX	GXLC	Difference
Volatility (1Y) Calculated over the trailing 1-year period	15.79%	13.52%	+2.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.79%	13.52%	+2.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.79%	13.52%	+2.27%

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 0.65%.

Position	TTM	2025
GXLC Global X U.S. 500 ETF	0.65%	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 0.65%, 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.