Data as of .
QCLR vs XCLR: which moved less with stocks?
Over the year to Sep 18, 2026, QCLR moved less with the S&P 500 than XCLR: correlation +0.89 against +0.94.
ETFIQ Diversifier Score: XCLR scores higher
How much does it diversify a stock portfolio?
A percentile among the 63 alternatives ETFs with a full year. It is a position in a set, not a rating, and neither end of it is a recommendation. All alternatives ETFs ranked by it · How it is computed
One strategy, two funds
QCLR and XCLR both run a hedged equity strategy. Over the same 52 weeks to Sep 18, 2026, QCLR’s weekly returns had a correlation of +0.89 with the S&P 500 and XCLR’s +0.94. In the 22 weeks the index fell, by 1.24% a week on average, QCLR averaged −1.22% and XCLR −0.95%. Over the same weeks, QCLR finished 5.0 percentage points behind cash and XCLR finished 2.1 points ahead of cash.
Performance, window by window
| Window | Total return | vs the S&P 500 | ||
|---|---|---|---|---|
| QCLR | XCLR | QCLR | XCLR | |
| 3 months | −3.9% | +1.0% | −6.2 pts | −1.2 pts |
| 6 months | +4.0% | +9.3% | −14.0 pts | −8.7 pts |
| 1 year | −1.2% | +5.5% | −17.7 pts | −11.1 pts |
| 3 years | +43.1% | +46.9% | −35.3 pts | −31.5 pts |
| Since launch | +41.0% | +43.7% | −42.2 pts | −39.5 pts |
| QCLR Global X NASDAQ 100 Collar 95-110 ETF Hedged equity fund: owns stocks and pays for protection against a fall, most often with put options | XCLR Global X S&P 500 Collar 95-110 ETF Hedged equity fund: owns stocks and pays for protection against a fall, most often with put options | |
|---|---|---|
| Issuer | Global X | Global X |
| Strategy | Hedged equity | Hedged equity |
| Correlation with the S&P 500 | +0.89 | +0.94 |
| Beta to the S&P 500 | +0.71 | +0.66 |
| Down-week capture | 98.4% | 76.6% |
| Average week when the S&P 500 fell | −1.22% | −0.95% |
| The S&P 500 in those weeks | −1.24% | −1.24% |
| Total return, same 52 weeks | −1.4% | +5.7% |
| Against T-bills, percentage points | −5.0 pts | +2.1 pts |
| Expense ratio | 0.25% | 0.25% |
| Listed | Aug 26, 2021 | Aug 26, 2021 |
| Net assets | $4m | $4m |
QCLR in plain words
QCLR is a hedged equity fund. ETFIQ measures what every alternatives fund is sold on: whether it moves differently from the stock market. Over the year to Sep 18, 2026, its weekly returns had a correlation of +0.89 with the S&P 500’s and a beta of +0.71, so for each 1% the index moved it moved about 0.71% the same way. The S&P 500 fell in 22 of those 52 weeks, by 1.24% on average. In the same weeks QCLR fell 1.22% on average, a down-week capture of 98.4%. Over the same 52 weeks QCLR returned −1.4% and a Treasury bill fund +3.6%, so it finished 5.0 percentage points behind cash.
XCLR in plain words
XCLR is a hedged equity fund. Over the year to Sep 18, 2026, its weekly returns had a correlation of +0.94 with the S&P 500’s and a beta of +0.66, so for each 1% the index moved it moved about 0.66% the same way. In the same weeks XCLR fell 0.95% on average, a down-week capture of 76.6%. Over the same 52 weeks XCLR returned +5.7% and a Treasury bill fund +3.6%, so it finished 2.1 percentage points ahead of cash.
Questions people ask
- Which moved less with the S&P 500, QCLR or XCLR?
- Over the 52 weeks to Sep 18, 2026, QCLR’s weekly returns had a correlation of +0.89 with the S&P 500 and XCLR’s +0.94, so QCLR moved less with the index.
- Which did better when the S&P 500 fell, QCLR or XCLR?
- In the 22 weeks the S&P 500 fell, by 1.24% a week on average, QCLR averaged −1.22% and XCLR −0.95%, so XCLR returned more in those weeks.
- Which earned more than cash, QCLR or XCLR?
- Over the same weeks, QCLR finished 5.0 percentage points behind cash and XCLR finished 2.1 percentage points ahead of cash. Cash here is BIL, a fund of Treasury bills.
- Which is cheaper, QCLR or XCLR?
- QCLR charges 0.25% a year and XCLR charges 0.25%, so QCLR is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, QCLR against XCLR, data as of Sep 18, 2026. https://etfiq.com/compare/alternatives/qclr-vs-xclr Free to use with attribution; the underlying files are at Open data.