FNGG vs GLOW
Direxion Daily NYSE FANG+ Bull 2X ETF vs VictoryShares WestEnd Global Equity ETF
Quick Verdict
GLOW has a lower expense ratio. FNGG delivered stronger 1-year returns. FNGG offers more diversification with 18 holdings.
Side-by-Side Comparison
| Metric | FNGG | GLOW | Winner |
|---|---|---|---|
| Expense Ratio | 0.97% | 0.72% | |
| AUM | $143M | $68M | |
| Dividend Yield | 10.70% | 1.41% | |
| Holdings | 18 | 16 | |
| YTD Return | +28.33% | +13.69% | |
| 1Y Return | +32.83% | +23.11% | |
| 3Y Return (annualized) | +59.45% | - | |
| 5Y Return (annualized) | +3.58% | - | |
| Volatility (annualized) | 58.3% | 10.6% | |
| Max Drawdown | -91.3% | -15.6% | |
| Fund Family | Direxion Shares ETF Trust | Victory Capital Management Inc. | |
| Category | Alternative | Equity | |
| Inception | Sep 29, 2021 | Jun 21, 2024 |
FNGG vs GLOW Performance
Direxion Daily NYSE FANG+ Bull 2X ETF (FNGG) is a ETF from Direxion Shares ETF Trust and VictoryShares WestEnd Global Equity ETF (GLOW) is a ETF from Victory Capital Management Inc.. Over the past year FNGG returned +32.83% while GLOW returned +23.11%. Year to date, FNGG is up 28.33% versus a gain of 13.69% for GLOW.
Risk: Volatility and Drawdowns
FNGG has been the more volatile fund, with annualized monthly volatility of 58.3% compared with 10.6% 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 -91.3% for FNGG 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 0.65. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FNGG charges 0.97% per year while GLOW charges 0.72%. On a $10,000 position that is $97 vs $72 annually, a gap of $25 per year that compounds over a long holding period. On income, FNGG currently yields 10.70% against 1.41% for GLOW.
Holdings Overlap
FNGG and GLOW share 0 holdings out of 27 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, FNGG or GLOW?
FNGG has an expense ratio of 0.97% while GLOW charges 0.72%. GLOW is the cheaper option. On a $10,000 investment, that is $25 per year of difference.
Which performed better, FNGG or GLOW?
Over the past year FNGG returned +32.83% vs +23.11% for GLOW, so FNGG leads on 1-year performance. Over the longest common window we track (2 years), FNGG annualized +3.58% vs +19.11% for GLOW. Past performance does not guarantee future results.
Which is riskier, FNGG or GLOW?
FNGG has been the more volatile fund at 58.3% annualized versus 10.6% for GLOW. Worst drawdown: FNGG -91.3% vs GLOW -15.6%.
Should I hold both FNGG and GLOW?
FNGG and GLOW have a monthly-return correlation of 0.65, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FNGG and GLOW?
FNGG and GLOW share 0 common holdings with a 0.0% weight overlap. Combined, they hold 27 unique securities.
Which pays a higher dividend, FNGG or GLOW?
FNGG yields 10.70% while GLOW yields 1.41%, so FNGG currently pays the higher dividend yield.
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