GLOW vs PHDG
VictoryShares WestEnd Global Equity ETF vs Invesco S&P 500 Downside Hedged ETF
Quick Verdict
PHDG has a lower expense ratio. GLOW delivered stronger 1-year returns. PHDG offers more diversification with 514 holdings.
Side-by-Side Comparison
| Metric | GLOW | PHDG | Winner |
|---|---|---|---|
| Expense Ratio | 0.72% | 0.39% | |
| AUM | $63M | $61M | |
| Dividend Yield | 1.28% | 1.68% | |
| Holdings | 16 | 514 | |
| YTD Return | +15.25% | +13.13% | |
| 1Y Return | +23.92% | +16.59% | |
| 3Y Return (annualized) | - | +9.80% | |
| 5Y Return (annualized) | - | +4.73% | |
| Volatility (annualized) | 10.8% | 9.9% | |
| Max Drawdown | -15.6% | -23.6% | |
| Fund Family | Victory Capital Management Inc. | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Jun 21, 2024 | Dec 5, 2012 |
GLOW vs PHDG Performance
VictoryShares WestEnd Global Equity ETF (GLOW) is a ETF from Victory Capital Management Inc. and Invesco S&P 500 Downside Hedged ETF (PHDG) is a ETF from Invesco (US). Over the past year GLOW returned +23.92% while PHDG returned +16.59%. Year to date, GLOW is up 15.25% versus a gain of 13.13% for PHDG.
Risk: Volatility and Drawdowns
GLOW has been the more volatile fund, with annualized monthly volatility of 10.8% compared with 9.9% for PHDG. 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 -23.6% for PHDG. 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
GLOW charges 0.72% per year while PHDG charges 0.39%. On a $10,000 position that is $72 vs $39 annually, a gap of $33 per year that compounds over a long holding period. On income, GLOW currently yields 1.28% against 1.68% for PHDG.
Holdings Overlap
GLOW and PHDG share 0 holdings out of 509 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 PHDG?
GLOW has an expense ratio of 0.72% while PHDG charges 0.39%. PHDG is the cheaper option. On a $10,000 investment, that is $33 per year of difference.
Which performed better, GLOW or PHDG?
Over the past year GLOW returned +23.92% vs +16.59% for PHDG, so GLOW leads on 1-year performance. Over the longest common window we track (2 years), GLOW annualized +20.06% vs +4.45% for PHDG. Past performance does not guarantee future results.
Which is riskier, GLOW or PHDG?
GLOW has been the more volatile fund at 10.8% annualized versus 9.9% for PHDG. Worst drawdown: GLOW -15.6% vs PHDG -23.6%.
Should I hold both GLOW and PHDG?
GLOW and PHDG 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 GLOW and PHDG?
GLOW and PHDG share 0 common holdings with a 0.0% weight overlap. Combined, they hold 509 unique securities.
Which pays a higher dividend, GLOW or PHDG?
GLOW yields 1.28% while PHDG yields 1.68%, so PHDG currently pays the higher dividend yield.
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