GLOW vs SPGM
VictoryShares WestEnd Global Equity ETF vs State Street SPDR Portfolio MSCI Global Stock Market ETF
Quick Verdict
SPGM has a lower expense ratio. SPGM delivered stronger 1-year returns. SPGM offers more diversification with 2,985 holdings.
Side-by-Side Comparison
| Metric | GLOW | SPGM | Winner |
|---|---|---|---|
| Expense Ratio | 0.72% | 0.09% | |
| AUM | $68M | $1.8B | |
| Dividend Yield | 1.41% | 1.81% | |
| Holdings | 16 | 2,985 | |
| YTD Return | +13.69% | +13.82% | |
| 1Y Return | +23.11% | +24.44% | |
| 3Y Return (annualized) | - | +21.66% | |
| 5Y Return (annualized) | - | +11.73% | |
| Volatility (annualized) | 10.6% | 13.6% | |
| Max Drawdown | -15.6% | -34.0% | |
| Fund Family | Victory Capital Management Inc. | SPDR State Street Global Advisors | |
| Category | Equity | Equity | |
| Inception | Jun 21, 2024 | Feb 27, 2012 |
GLOW vs SPGM Performance
VictoryShares WestEnd Global Equity ETF (GLOW) is a ETF from Victory Capital Management Inc. and State Street SPDR Portfolio MSCI Global Stock Market ETF (SPGM) is a ETF from SPDR State Street Global Advisors. Over the past year GLOW returned +23.11% while SPGM returned +24.44%. Year to date, GLOW is up 13.69% versus a gain of 13.82% for SPGM.
Risk: Volatility and Drawdowns
SPGM has been the more volatile fund, with annualized monthly volatility of 13.6% 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 -15.6% for GLOW and -34.0% for SPGM. 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 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
GLOW charges 0.72% per year while SPGM charges 0.09%. On a $10,000 position that is $72 vs $9 annually, a gap of $63 per year that compounds over a long holding period. On income, GLOW currently yields 1.41% against 1.81% for SPGM.
Holdings Overlap
GLOW and SPGM share 1 holdings out of 2859 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in GLOW | Weight in SPGM | Difference |
|---|---|---|---|
| STT | 3.25% | 0.09% | 3.16% |
Frequently Asked Questions
Which is cheaper, GLOW or SPGM?
GLOW has an expense ratio of 0.72% while SPGM charges 0.09%. SPGM is the cheaper option. On a $10,000 investment, that is $63 per year of difference.
Which performed better, GLOW or SPGM?
Over the past year GLOW returned +23.11% vs +24.44% for SPGM, so SPGM leads on 1-year performance. Over the longest common window we track (2 years), GLOW annualized +19.11% vs +9.83% for SPGM. Past performance does not guarantee future results.
Which is riskier, GLOW or SPGM?
SPGM has been the more volatile fund at 13.6% annualized versus 10.6% for GLOW. Worst drawdown: GLOW -15.6% vs SPGM -34.0%.
Should I hold both GLOW and SPGM?
GLOW and SPGM have a monthly-return correlation of 0.98, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between GLOW and SPGM?
GLOW and SPGM share 1 common holdings with a 0.1% weight overlap. Combined, they hold 2859 unique securities.
Which pays a higher dividend, GLOW or SPGM?
GLOW yields 1.41% while SPGM yields 1.81%, so SPGM currently pays the higher dividend yield.
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