GLOW vs PATN
VictoryShares WestEnd Global Equity ETF vs Pacer Nasdaq International Patent Leaders ETF
Quick Verdict
PATN has a lower expense ratio. PATN delivered stronger 1-year returns. PATN offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | GLOW | PATN | Winner |
|---|---|---|---|
| Expense Ratio | 0.72% | 0.65% | |
| AUM | $68M | $234M | |
| Dividend Yield | 1.41% | 1.67% | |
| Holdings | 16 | 108 | |
| YTD Return | +14.50% | +30.11% | |
| 1Y Return | +24.54% | +51.30% | |
| 3Y Return (annualized) | - | - | |
| 5Y Return (annualized) | - | - | |
| Volatility (annualized) | 10.7% | 21.1% | |
| Max Drawdown | -15.6% | -16.8% | |
| Fund Family | Victory Capital Management Inc. | Pacer ETFs | |
| Category | Equity | Equity | |
| Inception | Jun 21, 2024 | Sep 16, 2024 |
GLOW vs PATN Performance
VictoryShares WestEnd Global Equity ETF (GLOW) is a ETF from Victory Capital Management Inc. and Pacer Nasdaq International Patent Leaders ETF (PATN) is a ETF from Pacer ETFs. Over the past year GLOW returned +24.54% while PATN returned +51.30%. Year to date, GLOW is up 14.50% versus a gain of 30.11% for PATN.
Risk: Volatility and Drawdowns
PATN has been the more volatile fund, with annualized monthly volatility of 21.1% 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 -15.6% for GLOW and -16.8% for PATN. 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 0.80. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
GLOW charges 0.72% per year while PATN charges 0.65%. On a $10,000 position that is $72 vs $65 annually, a gap of $7 per year that compounds over a long holding period. On income, GLOW currently yields 1.41% against 1.67% for PATN.
Holdings Overlap
GLOW and PATN share 0 holdings out of 115 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, GLOW or PATN?
GLOW has an expense ratio of 0.72% while PATN charges 0.65%. PATN is the cheaper option. On a $10,000 investment, that is $7 per year of difference.
Which performed better, GLOW or PATN?
Over the past year GLOW returned +24.54% vs +51.30% for PATN, so PATN leads on 1-year performance. Over the longest common window we track (2 years), GLOW annualized +19.48% vs +37.49% for PATN. Past performance does not guarantee future results.
Which is riskier, GLOW or PATN?
PATN has been the more volatile fund at 21.1% annualized versus 10.7% for GLOW. Worst drawdown: GLOW -15.6% vs PATN -16.8%.
Should I hold both GLOW and PATN?
GLOW and PATN have a monthly-return correlation of 0.80, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GLOW and PATN?
GLOW and PATN share 0 common holdings with a 0.0% weight overlap. Combined, they hold 115 unique securities.
Which pays a higher dividend, GLOW or PATN?
GLOW yields 1.41% while PATN yields 1.67%, so PATN currently pays the higher dividend yield.
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