XOEX vs. GXLC

Last updated Aug 6, 2026

XOEX (Xtrackers S&P 100 Ex Top 20 ETF) and GXLC (Global X U.S. 500 ETF) are both Large Cap Blend Equities funds - XOEX tracks the S&P 100 Ex-Top 20 Select Index while GXLC tracks the Solactive GBS United States 500 Index. Both are passively managed. Their 0.80 correlation means they have sometimes moved together and sometimes differently. XOEX charges 0.15%/yr vs 0.02%/yr for GXLC.

Performance

XOEX vs. GXLC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers S&P 100 Ex Top 20 ETF (XOEX) and Global X U.S. 500 ETF (GXLC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with XOEX having a 13.49% return and GXLC slightly lower at 13.47%.

XOEX

• 1D: 0.00%
• 1M: 1.17%
• 6M: 11.83%
• YTD: 13.49%
• 1Y: 27.43%
• 3Y*: 17.62%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 17.16%

GXLC

• 1D: -0.10%
• 1M: 2.41%
• 6M: 13.22%
• YTD: 13.47%
• 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	$13.68K	$22.15K	$18.83K
XOEX Xtrackers S&P 100 Ex Top 20 ETF	$13.58M	$6.19M	$2.84M

XOEX vs. GXLC - Yearly Performance Comparison

	2026 (YTD)	2025
XOEX Xtrackers S&P 100 Ex Top 20 ETF	13.49%	5.72%
GXLC Global X U.S. 500 ETF	13.47%	3.22%

Correlation

The correlation between XOEX and GXLC is 0.80, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 24, 2025	0.80

Return for Risk

XOEX vs. GXLC — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

XOEX

XOEX Risk / Return Rank: 89
XOEX Sharpe Ratio Rank: 90
XOEX Sortino Ratio Rank: 90
XOEX Omega Ratio Rank: 88
XOEX Calmar Ratio Rank: 87
XOEX Martin Ratio Rank: 88

GXLC

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

XOEX vs. GXLC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers S&P 100 Ex Top 20 ETF (XOEX) 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.

	XOEX	GXLC	Difference
Sharpe ratio: Return per unit of total volatility	2.41	—	—
Sortino ratio: Return per unit of downside risk	3.43	—	—
Omega ratio: Gain probability vs. loss probability	1.43	—	—
Calmar ratio: Return relative to maximum drawdown	3.77	—	—
Martin ratio: Return relative to average drawdown	14.73	—	—

Drawdowns

XOEX vs. GXLC - Drawdown Comparison

The maximum XOEX drawdown since its inception was -14.68%, which is greater than GXLC's maximum drawdown of -9.08%. Use the drawdown chart below to compare losses from any high point for XOEX and GXLC.

Drawdown Indicators

	XOEX	GXLC	Difference
Max Drawdown Largest peak-to-trough decline	-14.68%	-9.08%	-5.60%
Max Drawdown (1Y) Largest decline over 1 year	-7.31%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-14.68%	—	—
Current Drawdown Current decline from peak	0.00%	-0.10%	+0.10%
Average Drawdown Average peak-to-trough decline	-2.57%	-1.56%	-1.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.87%	—	—

Volatility

Volatility by Period

	XOEX	GXLC	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.53%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.10%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.45%	13.71%	-2.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.37%	13.71%	-0.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.37%	13.71%	-0.34%

XOEX vs. GXLC - Expense Ratio Comparison

XOEX has a 0.15% expense ratio, which is higher than GXLC's 0.02% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

XOEX vs. GXLC - Dividend Comparison

XOEX's dividend yield for the trailing twelve months is around 1.43%, more than GXLC's 0.88% yield.

Position	TTM	2025	2024	2023	2022
GXLC Global X U.S. 500 ETF	0.88%	0.30%	0.00%	0.00%	0.00%
XOEX Xtrackers S&P 100 Ex Top 20 ETF	1.43%	1.95%	2.09%	1.72%	0.42%

Frequently Asked Questions

Can I hold both XOEX and GXLC in my portfolio?

XOEX and GXLC have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XOEX 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, XOEX or GXLC?

GXLC is cheaper with a 0.02% expense ratio, compared with 0.15% for XOEX.

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

XOEX has the higher dividend yield at 1.43%, compared with 0.88% for GXLC.

What is the main difference between XOEX and GXLC?

XOEX tracks S&P 100 Ex-Top 20 Select Index, while GXLC tracks Solactive GBS United States 500 Index. They also come from different issuers: Xtrackers and Global X. Their fees differ too: 0.15% for XOEX and 0.02% for GXLC.