FFLV vs GLOW
Fidelity Fundamental Large Cap Value ETF vs VictoryShares WestEnd Global Equity ETF
Quick Verdict
FFLV has a lower expense ratio. FFLV delivered stronger 1-year returns. FFLV offers more diversification with 105 holdings.
Side-by-Side Comparison
| Metric | FFLV | GLOW | Winner |
|---|---|---|---|
| Expense Ratio | 0.38% | 0.72% | |
| AUM | $16M | $63M | |
| Dividend Yield | 1.41% | 1.28% | |
| Holdings | 119 | 16 | |
| YTD Return | +18.21% | +14.15% | |
| 1Y Return | +32.01% | +25.02% | |
| 3Y Return (annualized) | - | - | |
| 5Y Return (annualized) | - | - | |
| Volatility (annualized) | 12.3% | 10.7% | |
| Max Drawdown | -16.7% | -15.6% | |
| Fund Family | Fidelity Investments (US) | Victory Capital Management Inc. | |
| Category | Equity | Equity | |
| Inception | Feb 9, 2024 | Jun 21, 2024 |
FFLV vs GLOW Performance
Fidelity Fundamental Large Cap Value ETF (FFLV) is a ETF from Fidelity Investments (US) and VictoryShares WestEnd Global Equity ETF (GLOW) is a ETF from Victory Capital Management Inc.. Over the past year FFLV returned +32.01% while GLOW returned +25.02%. Year to date, FFLV is up 18.21% versus a gain of 14.15% for GLOW.
Risk: Volatility and Drawdowns
FFLV has been the more volatile fund, with annualized monthly volatility of 12.3% 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 -16.7% for FFLV 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 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FFLV charges 0.38% per year while GLOW charges 0.72%. On a $10,000 position that is $38 vs $72 annually, a gap of $34 per year that compounds over a long holding period. On income, FFLV currently yields 1.41% against 1.28% for GLOW.
Holdings Overlap
FFLV and GLOW share 0 holdings out of 120 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, FFLV or GLOW?
FFLV has an expense ratio of 0.38% while GLOW charges 0.72%. FFLV is the cheaper option. On a $10,000 investment, that is $34 per year of difference.
Which performed better, FFLV or GLOW?
Over the past year FFLV returned +32.01% vs +25.02% for GLOW, so FFLV leads on 1-year performance. Over the longest common window we track (2 years), FFLV annualized +17.65% vs +19.61% for GLOW. Past performance does not guarantee future results.
Which is riskier, FFLV or GLOW?
FFLV has been the more volatile fund at 12.3% annualized versus 10.7% for GLOW. Worst drawdown: FFLV -16.7% vs GLOW -15.6%.
Should I hold both FFLV and GLOW?
FFLV and GLOW have a monthly-return correlation of 0.70, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FFLV and GLOW?
FFLV and GLOW share 0 common holdings with a 0.0% weight overlap. Combined, they hold 120 unique securities.
Which pays a higher dividend, FFLV or GLOW?
FFLV yields 1.41% while GLOW yields 1.28%, so FFLV currently pays the higher dividend yield.
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