XTL vs. GXPC

Last updated Jun 3, 2026

XTL (SPDR S&P Telecom ETF) and GXPC (Global X PureCap MSCI Communication Services ETF) are both Communications Equities funds - XTL tracks the S&P Telecom Select Industry Index while GXPC tracks the MSCI USA Communication Services PureCap Index. Both are passively managed. At a 0.37 correlation, their price movements are largely independent. XTL charges 0.35%/yr vs 0.15%/yr for GXPC.

Performance

XTL vs. GXPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P Telecom ETF (XTL) and Global X PureCap MSCI Communication Services ETF (GXPC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XTL achieves a 62.17% return, which is significantly higher than GXPC's 4.18% return.

XTL

• 1D: 3.28%
• 1M: 8.43%
• YTD: 62.17%
• 6M: 70.46%
• 1Y: 143.57%
• 3Y*: 50.79%
• 5Y*: 20.95%
• 10Y*: 16.95%

GXPC

• 1D: -2.49%
• 1M: -4.86%
• YTD: 4.18%
• 6M: 4.03%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XTL vs. GXPC - Yearly Performance Comparison

	2026 (YTD)	2025
XTL SPDR S&P Telecom ETF	62.17%	26.23%
GXPC Global X PureCap MSCI Communication Services ETF	4.18%	19.31%

Correlation

The correlation between XTL and GXPC is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025	0.37

Return for Risk

XTL vs. GXPC — Risk / Return Rank

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

XTL

XTL Risk / Return Rank: 96
XTL Sharpe Ratio Rank: 97
XTL Sortino Ratio Rank: 95
XTL Omega Ratio Rank: 94
XTL Calmar Ratio Rank: 96
XTL Martin Ratio Rank: 97

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.

XTL vs. GXPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Telecom ETF (XTL) and Global X PureCap MSCI Communication Services ETF (GXPC). 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.

	XTL	GXPC	Difference
Sharpe ratio Return per unit of total volatility	5.02	—	—
Sortino ratio Return per unit of downside risk	5.29	—	—
Omega ratio Gain probability vs. loss probability	1.70	—	—
Calmar ratio Return relative to maximum drawdown	9.91	—	—
Martin ratio Return relative to average drawdown	45.66	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	XTL	GXPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	5.02	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.84	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.72	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	1.46	-0.92

Drawdowns

XTL vs. GXPC - Drawdown Comparison

The maximum XTL drawdown since its inception was -37.01%, which is greater than GXPC's maximum drawdown of -16.59%. Use the drawdown chart below to compare losses from any high point for XTL and GXPC.

Drawdown Indicators

	XTL	GXPC	Difference
Max Drawdown Largest peak-to-trough decline	-37.01%	-16.59%	-20.42%
Max Drawdown (1Y) Largest decline over 1 year	-14.70%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-22.79%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-37.01%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-37.01%	—	—
Current Drawdown Current decline from peak	0.00%	-6.79%	+6.79%
Average Drawdown Average peak-to-trough decline	-9.77%	-3.03%	-6.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.19%	—	—

Volatility

Volatility by Period

	XTL	GXPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.05%	—	—
Volatility (6M) Calculated over the trailing 6-month period	22.61%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	28.78%	19.83%	+8.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.04%	19.83%	+5.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.51%	19.83%	+3.68%

XTL vs. GXPC - Expense Ratio Comparison

XTL has a 0.35% expense ratio, which is higher than GXPC's 0.15% expense ratio.

Dividends

XTL vs. GXPC - Dividend Comparison

XTL's dividend yield for the trailing twelve months is around 0.80%, more than GXPC's 0.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GXPC Global X PureCap MSCI Communication Services ETF	0.12%	0.12%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XTL SPDR S&P Telecom ETF	0.80%	1.05%	0.62%	0.80%	0.74%	1.25%	0.88%	0.92%	1.90%	2.08%	1.11%	1.38%

Frequently Asked Questions

Can I hold both XTL and GXPC in my portfolio?

XTL and GXPC have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XTL or GXPC?

On fees, GXPC is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XTL or GXPC?

GXPC is cheaper with a 0.15% expense ratio, compared with 0.35% for XTL.

Which ETF pays a higher dividend yield, XTL or GXPC?

XTL has the higher dividend yield at 0.80%, compared with 0.12% for GXPC.

What is the main difference between XTL and GXPC?

XTL tracks S&P Telecom Select Industry Index, while GXPC tracks MSCI USA Communication Services PureCap Index. They also come from different issuers: State Street and Global X. Their fees differ too: 0.35% for XTL and 0.15% for GXPC.