AWF vs GLOW
AllianceBernstein Global High Income Fund vs VictoryShares WestEnd Global Equity ETF
Quick Verdict
GLOW has a lower expense ratio. GLOW delivered stronger 1-year returns. AWF offers more diversification with 707 holdings.
Side-by-Side Comparison
| Metric | AWF | GLOW | Winner |
|---|---|---|---|
| Expense Ratio | 1.00% | 0.72% | |
| AUM | $969M | $63M | |
| Dividend Yield | 6.92% | 1.28% | |
| Holdings | 1,273 | 16 | |
| YTD Return | -0.83% | +14.14% | |
| 1Y Return | -2.37% | +25.00% | |
| 3Y Return (annualized) | +8.50% | - | |
| 5Y Return (annualized) | +3.66% | - | |
| Volatility (annualized) | 18.2% | 10.7% | |
| Max Drawdown | -60.0% | -15.6% | |
| Fund Family | AllianceBernstein L.P. | Victory Capital Management Inc. | |
| Category | Fixed Income | Equity | |
| Inception | Jul 28, 1993 | Jun 21, 2024 |
AWF vs GLOW Performance
AllianceBernstein Global High Income Fund (AWF) is a ETF from AllianceBernstein L.P. and VictoryShares WestEnd Global Equity ETF (GLOW) is a ETF from Victory Capital Management Inc.. Over the past year AWF returned -2.37% while GLOW returned +25.00%. Year to date, AWF is down 0.83% versus a gain of 14.14% for GLOW.
Risk: Volatility and Drawdowns
AWF has been the more volatile fund, with annualized monthly volatility of 18.2% 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 -60.0% for AWF 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 0.64. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
AWF charges 1.00% per year while GLOW charges 0.72%. On a $10,000 position that is $100 vs $72 annually, a gap of $28 per year that compounds over a long holding period. On income, AWF currently yields 6.92% against 1.28% for GLOW.
Holdings Overlap
AWF and GLOW share 0 holdings out of 722 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, AWF or GLOW?
AWF has an expense ratio of 1.00% while GLOW charges 0.72%. GLOW is the cheaper option. On a $10,000 investment, that is $28 per year of difference.
Which performed better, AWF or GLOW?
Over the past year AWF returned -2.37% vs +25.00% for GLOW, so GLOW leads on 1-year performance. Over the longest common window we track (2 years), AWF annualized +0.92% vs +19.57% for GLOW. Past performance does not guarantee future results.
Which is riskier, AWF or GLOW?
AWF has been the more volatile fund at 18.2% annualized versus 10.7% for GLOW. Worst drawdown: AWF -60.0% vs GLOW -15.6%.
Should I hold both AWF and GLOW?
AWF and GLOW have a monthly-return correlation of 0.64, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AWF and GLOW?
AWF and GLOW share 0 common holdings with a 0.0% weight overlap. Combined, they hold 722 unique securities.
Which pays a higher dividend, AWF or GLOW?
AWF yields 6.92% while GLOW yields 1.28%, so AWF currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.