XCHG vs. GXLC

Last updated Aug 2, 2026

XCHG (AB US Equity ETF) and GXLC (Global X U.S. 500 ETF) are both Large Cap Blend Equities funds. XCHG is actively managed, while GXLC is passively managed. Their 0.96 correlation means they have historically moved very closely together. XCHG charges 0.50%/yr vs 0.02%/yr for GXLC.

Performance

XCHG vs. GXLC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AB US Equity ETF (XCHG) 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, XCHG achieves a 8.51% return, which is significantly lower than GXLC's 10.06% return.

XCHG

• 1D: 1.09%
• 1M: 1.45%
• 6M: 7.39%
• YTD: 8.51%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

GXLC

• 1D: 0.86%
• 1M: 0.20%
• 6M: 8.81%
• YTD: 10.06%
• 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	$27.98K	$20.23K	$17.31K
XCHG AB US Equity ETF	$55.08K	$59.91K	$74.54K

XCHG vs. GXLC - Yearly Performance Comparison

	2026 (YTD)	2025
XCHG AB US Equity ETF	8.51%	0.38%
GXLC Global X U.S. 500 ETF	10.06%	0.38%

Correlation

The correlation between XCHG and GXLC is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 15, 2025	0.96

Return for Risk

XCHG vs. GXLC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AB US Equity ETF (XCHG) 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

XCHG vs. GXLC - Drawdown Comparison

The maximum XCHG drawdown since its inception was -9.66%, which is greater than GXLC's maximum drawdown of -9.08%. Use the drawdown chart below to compare losses from any high point for XCHG and GXLC.

Drawdown Indicators

	XCHG	GXLC	Difference
Max Drawdown Largest peak-to-trough decline	-9.66%	-9.08%	-0.58%
Current Drawdown Current decline from peak	-0.30%	-1.48%	+1.18%
Average Drawdown Average peak-to-trough decline	-1.77%	-1.58%	-0.19%

Volatility

Volatility by Period

	XCHG	GXLC	Difference
Volatility (1Y) Calculated over the trailing 1-year period	13.06%	13.60%	-0.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.06%	13.60%	-0.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.06%	13.60%	-0.54%

XCHG vs. GXLC - Expense Ratio Comparison

XCHG has a 0.50% expense ratio, which is higher than GXLC's 0.02% expense ratio.

Dividends

XCHG vs. GXLC - Dividend Comparison

XCHG's dividend yield for the trailing twelve months is around 0.37%, less than GXLC's 0.64% yield.

Position	TTM	2025
GXLC Global X U.S. 500 ETF	0.64%	0.30%
XCHG AB US Equity ETF	0.37%	0.05%

Frequently Asked Questions

Can I hold both XCHG and GXLC in my portfolio?

With a correlation of 0.96, XCHG 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, XCHG 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, XCHG or GXLC?

GXLC is cheaper with a 0.02% expense ratio, compared with 0.50% for XCHG.

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

GXLC has the higher dividend yield at 0.64%, compared with 0.37% for XCHG.

What is the main difference between XCHG and GXLC?

They also come from different issuers: AllianceBernstein and Global X. Their fees differ too: 0.50% for XCHG and 0.02% for GXLC.