GXLC vs SPY
Global X US 500 ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, GXLC or SPY?
Nearly the same fund. GXLC costs less.
GXLC has a lower expense ratio. SPY led over 1Y. The two have moved almost in lockstep, correlation 1.00. GXLC is less concentrated, with 37.5% of the fund in its ten largest positions against 38.0%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | GXLC | SPY |
|---|---|---|
| Expense Ratio | 0.02%Best | 0.09% |
| AUM | $5M | $804.7B |
| Dividend Yield | 0.89% | 0.98% |
| Holdings | 505 | 505 |
| YTD Return | +12.64%Best | +12.47% |
| 1Y Return | +16.33% | +17.51%Best |
| 3Y Return (annualized) | - | +21.18% |
| 5Y Return (annualized) | - | +12.88% |
| Volatility (annualized) | 13.4% | 13.2%Best |
| Top 10 Weight | 37.5%Best | 38.0% |
| Fund Family | Global X by mirae Asset | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Sep 23, 2025 | Jan 22, 1993 |
Not shown on this pair: Max Drawdown, $10,000 over the window.
GXLC vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
GXLC vs SPY Performance
Global X US 500 ETF (GXLC) is an ETF from Global X by mirae Asset and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year GXLC returned +16.33% while SPY returned +17.51%. Year to date, GXLC is up 12.64% versus a gain of 12.47% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GXLC has been the more volatile fund, with annualized monthly volatility of 13.4% compared with 13.2% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The two funds' monthly returns correlate at 1.00. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
GXLC charges 0.02% per year while SPY charges 0.09%. On a $10,000 position that is $2 vs $9 annually, a gap of $7 per year that compounds over a long holding period. On income, GXLC currently yields 0.89% against 0.98% for SPY.
Holdings Overlap
95.3% of GXLC's money is in holdings SPY also owns. 96.5% of SPY's money is in holdings GXLC also owns.
Most of SPY is already inside GXLC. Owning both mostly buys the same companies twice.
414 positions in common, counted across the 494 positions we hold weights for in GXLC and 504 in SPY, against full books of 505 and 505.
What only one of them owns
Our book lists 85 positions for SPY that do not appear in our book for GXLC (3.3% of the fund), and 63 for GXLC that do not appear in SPY (2.5%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in GXLC | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 7.41% | 7.71% | 0.30% |
| AAPLApple, Inc | 6.62% | 6.83% | 0.21% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 5.39% | 5.50% | 0.11% |
| AMZNAmazon.Com Inc | 3.98% | 4.08% | 0.10% |
| GOOGLAlphabet A Usd 0.001 | 3.29% | 3.33% | 0.04% |
| AVGOBroadcom Inc | 2.90% | 2.97% | 0.07% |
| GOOGAlphabet Inc | 2.84% | 2.67% | 0.17% |
| METAMeta Platforms, Inc. | 1.93% | 1.94% | 0.01% |
| TSLATesla Inc | 1.64% | 1.38% | 0.26% |
| MUMicron Technology, Inc. | 1.50% | 1.51% | 0.01% |
96.5% of SPY is already inside GXLC.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, GXLC or SPY?
GXLC has an expense ratio of 0.02% while SPY charges 0.09%. GXLC is the cheaper option, by $7 a year on a $10,000 investment.
Which performed better, GXLC or SPY?
Over the past year GXLC returned +16.33% vs +17.51% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GXLC or SPY?
GXLC has been the more volatile fund at 13.4% annualized versus 13.2% for SPY.
Should I hold both GXLC and SPY?
GXLC and SPY have a monthly-return correlation of 1.00, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between GXLC and SPY?
96.5% of SPY's money is in holdings GXLC also owns. 96.5% of SPY's is in holdings GXLC also owns. They hold 414 positions in common, counted across the 494 positions we hold weights for in GXLC and 504 in SPY.
Which pays a higher dividend, GXLC or SPY?
GXLC yields 0.89% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than GXLC?
GXLC has a lower expense ratio. SPY led over 1Y. The two have moved almost in lockstep, correlation 1.00. GXLC is less concentrated, with 37.5% of the fund in its ten largest positions against 38.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.