WCAP vs. GXLC

Last updated Jul 10, 2026

WCAP (WarCap Unconstrained Equity ETF) and GXLC (Global X U.S. 500 ETF) are both Large Cap Blend Equities funds. WCAP is actively managed, while GXLC is passively managed. Their correlation of 0.81 suggests significant overlap in exposure. WCAP charges 1.00%/yr vs 0.02%/yr for GXLC.

Performance

WCAP vs. GXLC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WarCap Unconstrained Equity ETF (WCAP) 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, WCAP achieves a -5.71% return, which is significantly lower than GXLC's 10.81% return.

WCAP

• 1D: 1.41%
• 1M: -0.70%
• 6M: -6.36%
• YTD: -5.71%
• 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)

WCAP vs. GXLC - Yearly Performance Comparison

	2026 (YTD)	2025
WCAP WarCap Unconstrained Equity ETF	-5.71%	-2.60%
GXLC Global X U.S. 500 ETF	10.81%	3.22%

Correlation

The correlation between WCAP and GXLC is 0.81, 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 Sep 24, 2025	0.81

Return for Risk

WCAP vs. GXLC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WarCap Unconstrained Equity ETF (WCAP) 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

WCAP vs. GXLC - Drawdown Comparison

The maximum WCAP drawdown since its inception was -15.90%, which is greater than GXLC's maximum drawdown of -9.08%. Use the drawdown chart below to compare losses from any high point for WCAP and GXLC.

Drawdown Indicators

	WCAP	GXLC	Difference
Max Drawdown Largest peak-to-trough decline	-15.90%	-9.08%	-6.82%
Current Drawdown Current decline from peak	-8.92%	-0.81%	-8.11%
Average Drawdown Average peak-to-trough decline	-6.94%	-1.56%	-5.38%

Volatility

Volatility by Period

	WCAP	GXLC	Difference
Volatility (1Y) Calculated over the trailing 1-year period	16.16%	13.64%	+2.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.16%	13.64%	+2.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.16%	13.64%	+2.52%

WCAP vs. GXLC - Expense Ratio Comparison

WCAP has a 1.00% expense ratio, which is higher than GXLC's 0.02% expense ratio.

Dividends

WCAP vs. GXLC - Dividend Comparison

WCAP's dividend yield for the trailing twelve months is around 0.04%, less than GXLC's 0.63% yield.

Position	TTM	2025
GXLC Global X U.S. 500 ETF	0.63%	0.30%
WCAP WarCap Unconstrained Equity ETF	0.04%	0.04%

Frequently Asked Questions

Can I hold both WCAP and GXLC in my portfolio?

WCAP and GXLC have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WCAP 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, WCAP or GXLC?

GXLC is cheaper with a 0.02% expense ratio, compared with 1.00% for WCAP.

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

GXLC has the higher dividend yield at 0.63%, compared with 0.04% for WCAP.

What is the main difference between WCAP and GXLC?

They also come from different issuers: WarCap and Global X. Their fees differ too: 1.00% for WCAP and 0.02% for GXLC.