XCLR vs. SNTH

Last updated Jun 4, 2026

XCLR (Global X S&P 500 Collar 95-110 ETF) and SNTH (MRP SynthEquity ETF) are both Equity Hedged funds. XCLR is passively managed, while SNTH is actively managed. Over the past year, XCLR returned 13.37% vs 28.52% for SNTH. Their correlation of 0.93 suggests significant overlap in exposure. XCLR charges 0.25%/yr vs 0.95%/yr for SNTH.

Performance

XCLR vs. SNTH - 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 MRP SynthEquity ETF (SNTH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XCLR achieves a 2.37% return, which is significantly lower than SNTH's 10.28% return.

XCLR

• 1D: -0.05%
• 1M: 2.04%
• YTD: 2.37%
• 6M: 2.16%
• 1Y: 13.37%
• 3Y*: 13.42%
• 5Y*: —
• 10Y*: —

SNTH

• 1D: -0.70%
• 1M: 5.21%
• YTD: 10.28%
• 6M: 9.02%
• 1Y: 28.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XCLR vs. SNTH - Yearly Performance Comparison

	2026 (YTD)	2025
XCLR Global X S&P 500 Collar 95-110 ETF	2.37%	14.82%
SNTH MRP SynthEquity ETF	10.28%	23.89%

Correlation

The correlation between XCLR and SNTH is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (All Time) Calculated using the full available price history since Mar 12, 2025	0.93

The correlation between XCLR and SNTH has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.

Return for Risk

XCLR vs. SNTH — Risk / Return Rank

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

XCLR

XCLR Risk / Return Rank: 41
XCLR Sharpe Ratio Rank: 44
XCLR Sortino Ratio Rank: 43
XCLR Omega Ratio Rank: 45
XCLR Calmar Ratio Rank: 32
XCLR Martin Ratio Rank: 41

SNTH

SNTH Risk / Return Rank: 67
SNTH Sharpe Ratio Rank: 71
SNTH Sortino Ratio Rank: 71
SNTH Omega Ratio Rank: 66
SNTH Calmar Ratio Rank: 65
SNTH Martin Ratio Rank: 62

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. SNTH - 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 MRP SynthEquity ETF (SNTH). 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	SNTH	Difference
Sharpe ratio: Return per unit of total volatility	1.57	2.30	-0.74
Sortino ratio: Return per unit of downside risk	2.17	3.18	-1.01
Omega ratio: Gain probability vs. loss probability	1.29	1.39	-0.10
Calmar ratio: Return relative to maximum drawdown	1.62	3.18	-1.56
Martin ratio: Return relative to average drawdown	6.51	11.05	-4.53
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. SNTH - Sharpe Ratio Comparison

The current XCLR Sharpe Ratio is 1.57, which is lower than the SNTH Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of XCLR and SNTH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XCLR	SNTH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.57	2.30	-0.74
Sharpe Ratio (All Time) Calculated using the full available price history	0.73	1.87	-1.14

Drawdowns

XCLR vs. SNTH - Drawdown Comparison

The maximum XCLR drawdown since its inception was -14.63%, which is greater than SNTH's maximum drawdown of -9.79%. Use the drawdown chart below to compare losses from any high point for XCLR and SNTH.

Drawdown Indicators

	XCLR	SNTH	Difference
Max Drawdown Largest peak-to-trough decline	-14.63%	-9.79%	-4.84%
Max Drawdown (1Y) Largest decline over 1 year	-8.29%	-8.99%	+0.70%
Max Drawdown (3Y) Largest decline over 3 years	-12.46%	—	—
Current Drawdown Current decline from peak	-0.05%	-0.70%	+0.65%
Average Drawdown Average peak-to-trough decline	-4.71%	-1.96%	-2.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.06%	2.59%	-0.53%

Volatility

XCLR vs. SNTH - Volatility Comparison

The current volatility for Global X S&P 500 Collar 95-110 ETF (XCLR) is 0.61%, while MRP SynthEquity ETF (SNTH) has a volatility of 3.19%. This indicates that XCLR experiences smaller price fluctuations and is considered to be less risky than SNTH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XCLR	SNTH	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.61%	3.19%	-2.58%
Volatility (6M) Calculated over the trailing 6-month period	6.18%	8.41%	-2.23%
Volatility (1Y) Calculated over the trailing 1-year period	8.58%	12.47%	-3.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.44%	15.54%	-5.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.44%	15.54%	-5.10%

XCLR vs. SNTH - Expense Ratio Comparison

XCLR has a 0.25% expense ratio, which is lower than SNTH's 0.95% expense ratio.

Dividends

XCLR vs. SNTH - Dividend Comparison

XCLR's dividend yield for the trailing twelve months is around 12.85%, more than SNTH's 10.91% yield.

Position	TTM	2025	2024	2023	2022	2021
SNTH MRP SynthEquity ETF	10.91%	11.55%	0.00%	0.00%	0.00%	0.00%
XCLR Global X S&P 500 Collar 95-110 ETF	12.85%	13.15%	18.76%	1.40%	1.01%	1.70%

Frequently Asked Questions

Can I hold both XCLR and SNTH in my portfolio?

With a correlation of 0.91, XCLR and SNTH 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 is riskier, XCLR or SNTH?

SNTH has higher volatility (3.19%) compared to XCLR (0.61%). In terms of maximum drawdown, XCLR dropped -14.63% vs SNTH's -9.79%.

Which ETF is better, XCLR or SNTH?

On 1-year performance, SNTH leads with 28.52% vs 13.37% for XCLR. On fees, XCLR is cheaper at 0.25% per year. On volatility, XCLR has been the lower-risk option at 0.61%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XCLR or SNTH?

Over the 1-year period, SNTH has performed better with a 28.52% return vs 13.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XCLR or SNTH?

XCLR is cheaper with a 0.25% expense ratio, compared with 0.95% for SNTH.

Which ETF pays a higher dividend yield, XCLR or SNTH?

XCLR has the higher dividend yield at 12.85%, compared with 10.91% for SNTH.

What is the main difference between XCLR and SNTH?

They also come from different issuers: Global X and MRP. Their fees differ too: 0.25% for XCLR and 0.95% for SNTH.

Which has better risk-adjusted returns?

SNTH currently has the higher Sharpe Ratio (2.30 vs 1.57), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.