GLOW vs SPY
GLOW vs SPY
VictoryShares WestEnd Global Equity ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. GLOW delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | GLOW | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.72% | 0.09% | |
| AUM | $63M | $789.1B | |
| Dividend Yield | 1.28% | 1.01% | |
| Holdings | 16 | 505 | |
| YTD Return | +14.31% | +13.79% | |
| 1Y Return | +25.58% | +23.66% | |
| 3Y Return (annualized) | - | +21.40% | |
| 5Y Return (annualized) | - | +13.37% | |
| Volatility (annualized) | 10.7% | 15.3% | |
| Max Drawdown | -15.6% | -56.5% | |
| Fund Family | Victory Capital Management Inc. | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jun 21, 2024 | Jan 22, 1993 |
GLOW vs SPY Performance
VictoryShares WestEnd Global Equity ETF (GLOW) is a ETF from Victory Capital Management Inc. and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year GLOW returned +25.58% while SPY returned +23.66%. Year to date, GLOW is up 14.31% versus a gain of 13.79% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% 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 -15.6% for GLOW and -56.5% for SPY. 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 0.92. 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 SPY 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 1.28% against 1.01% for SPY.
Holdings Overlap
GLOW and SPY share 0 holdings out of 518 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 SPY?
GLOW has an expense ratio of 0.72% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $63 per year of difference.
Which performed better, GLOW or SPY?
Over the past year GLOW returned +25.58% vs +23.66% for SPY, so GLOW leads on 1-year performance. Over the longest common window we track (2 years), GLOW annualized +19.77% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, GLOW or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 10.7% for GLOW. Worst drawdown: GLOW -15.6% vs SPY -56.5%.
Should I hold both GLOW and SPY?
GLOW and SPY have a monthly-return correlation of 0.92, 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 SPY?
GLOW and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 518 unique securities.
Which pays a higher dividend, GLOW or SPY?
GLOW yields 1.28% while SPY yields 1.01%, so GLOW currently pays the higher dividend yield.
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