XCLR vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about Global X S&P 500 Collar 95-110 ETF (XCLR) and S&P 500 Index (^GSPC).

XCLR is a passively managed fund by Global X that tracks the performance of the Cboe S&P 500 3-Month Collar 95-110 Index. It was launched on Aug 25, 2021.

Performance

XCLR vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X S&P 500 Collar 95-110 ETF (XCLR) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

XCLR vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
XCLR Global X S&P 500 Collar 95-110 ETF	-4.88%	10.25%	20.67%	15.64%	-12.93%	3.44%
^GSPC S&P 500 Index	-3.95%	16.39%	23.31%	24.23%	-19.44%	6.63%

Returns By Period

In the year-to-date period, XCLR achieves a -4.88% return, which is significantly lower than ^GSPC's -3.95% return.

XCLR

• 1D: 0.49%
• 1M: -4.99%
• YTD: -4.88%
• 6M: -3.76%
• 1Y: 10.37%
• 3Y*: 12.20%
• 5Y*: —
• 10Y*: —

^GSPC

• 1D: 0.72%
• 1M: -4.45%
• YTD: -3.95%
• 6M: -2.02%
• 1Y: 16.73%
• 3Y*: 16.96%
• 5Y*: 10.34%
• 10Y*: 12.24%

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

Return for Risk

XCLR vs. ^GSPC — Risk / Return Rank

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

XCLR

XCLR Risk / Return Rank: 49
XCLR Sharpe Ratio Rank: 53
XCLR Sortino Ratio Rank: 52
XCLR Omega Ratio Rank: 45
XCLR Calmar Ratio Rank: 46
XCLR Martin Ratio Rank: 51

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC Martin Ratio Rank: 77

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.

XCLR vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X S&P 500 Collar 95-110 ETF (XCLR) and S&P 500 Index (^GSPC). 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.

	XCLR	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	0.99	0.92	+0.07
Sortino ratio Return per unit of downside risk	1.43	1.41	+0.01
Omega ratio Gain probability vs. loss probability	1.19	1.21	-0.03
Calmar ratio Return relative to maximum drawdown	1.28	1.41	-0.14
Martin ratio Return relative to average drawdown	5.24	6.61	-1.38
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XCLR vs. ^GSPC - Sharpe Ratio Comparison

The current XCLR Sharpe Ratio is 0.99, which is comparable to the ^GSPC Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of XCLR and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	XCLR	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.99	0.92	+0.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.61	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	0.46	+0.13

Correlation

The correlation between XCLR and ^GSPC is 0.96, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Drawdowns

XCLR vs. ^GSPC - Drawdown Comparison

The maximum XCLR drawdown since its inception was -14.63%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for XCLR and ^GSPC.

Drawdown Indicators

	XCLR	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-14.63%	-56.78%	+42.15%
Max Drawdown (1Y) Largest decline over 1 year	-8.29%	-12.14%	+3.85%
Max Drawdown (5Y) Largest decline over 5 years	—	-25.43%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.92%	—
Current Drawdown Current decline from peak	-6.45%	-5.78%	-0.67%
Average Drawdown Average peak-to-trough decline	-4.82%	-10.75%	+5.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.02%	2.60%	-0.58%

Volatility

XCLR vs. ^GSPC - Volatility Comparison

The current volatility for Global X S&P 500 Collar 95-110 ETF (XCLR) is 3.42%, while S&P 500 Index (^GSPC) has a volatility of 5.37%. This indicates that XCLR experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XCLR	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.42%	5.37%	-1.95%
Volatility (6M) Calculated over the trailing 6-month period	7.16%	9.55%	-2.39%
Volatility (1Y) Calculated over the trailing 1-year period	10.53%	18.33%	-7.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.58%	16.90%	-6.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.58%	18.05%	-7.47%