ELCV vs GLOW
Eventide High Dividend ETF vs VictoryShares WestEnd Global Equity ETF
Quick Verdict
ELCV has a lower expense ratio. ELCV delivered stronger 1-year returns. ELCV offers more diversification with 46 holdings.
Side-by-Side Comparison
| Metric | ELCV | GLOW | Winner |
|---|---|---|---|
| Expense Ratio | 0.49% | 0.72% | |
| AUM | $251M | $63M | |
| Dividend Yield | 2.06% | 1.28% | |
| Holdings | 47 | 16 | |
| YTD Return | +21.13% | +15.25% | |
| 1Y Return | +26.06% | +23.92% | |
| 3Y Return (annualized) | - | - | |
| 5Y Return (annualized) | - | - | |
| Volatility (annualized) | 13.9% | 10.8% | |
| Max Drawdown | -18.4% | -15.6% | |
| Fund Family | Eventide | Victory Capital Management Inc. | |
| Category | Equity | Equity | |
| Inception | Sep 30, 2024 | Jun 21, 2024 |
ELCV vs GLOW Performance
Eventide High Dividend ETF (ELCV) is a ETF from Eventide and VictoryShares WestEnd Global Equity ETF (GLOW) is a ETF from Victory Capital Management Inc.. Over the past year ELCV returned +26.06% while GLOW returned +23.92%. Year to date, ELCV is up 21.13% versus a gain of 15.25% for GLOW.
Risk: Volatility and Drawdowns
ELCV has been the more volatile fund, with annualized monthly volatility of 13.9% compared with 10.8% 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 -18.4% for ELCV 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 0.71. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ELCV charges 0.49% per year while GLOW charges 0.72%. On a $10,000 position that is $49 vs $72 annually, a gap of $23 per year that compounds over a long holding period. On income, ELCV currently yields 2.06% against 1.28% for GLOW.
Holdings Overlap
ELCV and GLOW share 0 holdings out of 61 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, ELCV or GLOW?
ELCV has an expense ratio of 0.49% while GLOW charges 0.72%. ELCV is the cheaper option. On a $10,000 investment, that is $23 per year of difference.
Which performed better, ELCV or GLOW?
Over the past year ELCV returned +26.06% vs +23.92% for GLOW, so ELCV leads on 1-year performance. Over the longest common window we track (2 years), ELCV annualized +16.37% vs +20.06% for GLOW. Past performance does not guarantee future results.
Which is riskier, ELCV or GLOW?
ELCV has been the more volatile fund at 13.9% annualized versus 10.8% for GLOW. Worst drawdown: ELCV -18.4% vs GLOW -15.6%.
Should I hold both ELCV and GLOW?
ELCV and GLOW have a monthly-return correlation of 0.71, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ELCV and GLOW?
ELCV and GLOW share 0 common holdings with a 0.0% weight overlap. Combined, they hold 61 unique securities.
Which pays a higher dividend, ELCV or GLOW?
ELCV yields 2.06% while GLOW yields 1.28%, so ELCV currently pays the higher dividend yield.
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