AVNM vs GLOW
Avantis All International Markets Equity ETF vs VictoryShares WestEnd Global Equity ETF
Quick Verdict
AVNM has a lower expense ratio. AVNM delivered stronger 1-year returns. GLOW offers more diversification with 16 holdings.
Side-by-Side Comparison
| Metric | AVNM | GLOW | Winner |
|---|---|---|---|
| Expense Ratio | 0.31% | 0.72% | |
| AUM | $734M | $68M | |
| Dividend Yield | 2.36% | 1.41% | |
| Holdings | 9 | 16 | |
| YTD Return | +16.39% | +14.50% | |
| 1Y Return | +29.08% | +24.54% | |
| 3Y Return (annualized) | +23.36% | - | |
| 5Y Return (annualized) | - | - | |
| Volatility (annualized) | 12.6% | 10.7% | |
| Max Drawdown | -14.0% | -15.6% | |
| Fund Family | Avantis Investors | Victory Capital Management Inc. | |
| Category | Equity | Equity | |
| Inception | Jun 27, 2023 | Jun 21, 2024 |
AVNM vs GLOW Performance
Avantis All International Markets Equity ETF (AVNM) is a ETF from Avantis Investors and VictoryShares WestEnd Global Equity ETF (GLOW) is a ETF from Victory Capital Management Inc.. Over the past year AVNM returned +29.08% while GLOW returned +24.54%. Year to date, AVNM is up 16.39% versus a gain of 14.50% for GLOW.
Risk: Volatility and Drawdowns
AVNM has been the more volatile fund, with annualized monthly volatility of 12.6% compared with 10.7% for GLOW. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -14.0% for AVNM and -15.6% for GLOW. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.79. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
AVNM charges 0.31% per year while GLOW charges 0.72%. On a $10,000 position that is $31 vs $72 annually, a gap of $41 per year that compounds over a long holding period. On income, AVNM currently yields 2.36% against 1.41% for GLOW.
Holdings Overlap
AVNM and GLOW share 0 holdings out of 22 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, AVNM or GLOW?
AVNM has an expense ratio of 0.31% while GLOW charges 0.72%. AVNM is the cheaper option. On a $10,000 investment, that is $41 per year of difference.
Which performed better, AVNM or GLOW?
Over the past year AVNM returned +29.08% vs +24.54% for GLOW, so AVNM leads on 1-year performance. Over the longest common window we track (2 years), AVNM annualized +21.94% vs +19.48% for GLOW. Past performance does not guarantee future results.
Which is riskier, AVNM or GLOW?
AVNM has been the more volatile fund at 12.6% annualized versus 10.7% for GLOW. Worst drawdown: AVNM -14.0% vs GLOW -15.6%.
Should I hold both AVNM and GLOW?
AVNM and GLOW have a monthly-return correlation of 0.79, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AVNM and GLOW?
AVNM and GLOW share 0 common holdings with a 0.0% weight overlap. Combined, they hold 22 unique securities.
Which pays a higher dividend, AVNM or GLOW?
AVNM yields 2.36% while GLOW yields 1.41%, so AVNM currently pays the higher dividend yield.
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