GLOW vs SPY
VictoryShares WestEnd Global Equity ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, GLOW or SPY?
GLOW has been ahead.
SPY has a lower expense ratio. GLOW led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.92. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 88.1%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | GLOW | SPY |
|---|---|---|
| Expense Ratio | 0.72% | 0.09%Best |
| AUM | $70M | $814.4B |
| Dividend Yield | 1.41% | 1.01% |
| Holdings | 14 | 505 |
| YTD Return | +14.57%Best | +13.34% |
| 1Y Return | +23.03%Best | +19.97% |
| 3Y Return (annualized) | - | +21.20% |
| 5Y Return (annualized) | - | +12.81% |
| Volatility (annualized) | 10.5%Best | 11.9% |
| Max Drawdown | -15.6%Best | -18.8% |
| $10,000 over 2.2 years | $14,700Best | $14,471 |
| Top 10 Weight | 88.1% | 38.0%Best |
| Fund Family | Victory Capital Management Inc. | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jun 21, 2024 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 2.2 years row, are measured over the window both funds cover: Jun 21, 2024 to Sep 4, 2026 (2.2 years).
GLOW vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.2 years both funds cover.
GLOW vs SPY Performance
VictoryShares WestEnd Global Equity ETF (GLOW) is an ETF from Victory Capital Management Inc. and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year GLOW returned +23.03% while SPY returned +19.97%. Year to date, GLOW is up 14.57% versus a gain of 13.34% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 11.9% compared with 10.5% 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 -18.8% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 1.41% against 1.01% for SPY.
Holdings Overlap
3.3% of GLOW's money is in holdings SPY also owns. 0.1% of SPY's money is in holdings GLOW also owns.
GLOW and SPY share little of their money.
1 positions in common, counted across the 14 positions we hold weights for in GLOW and 504 in SPY, against full books of 14 and 505.
What only one of them owns
Measured across the 14 and 504 positions we hold weights for.
SPY holds 495 positions GLOW does not, 99.4% of the fund.
Largest: NVDA 7.71%, AAPL 6.83%, MSFT 5.50%, AMZN 4.08%, GOOGL 3.33%
Top Shared Holdings
| Stock | Weight in GLOW | Weight in SPY | Difference |
|---|---|---|---|
| STTState Street Corp. | 3.25% | 0.08% | 3.17% |
You are not choosing between two funds in isolation.
Whichever of GLOW and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
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, by $63 a year on a $10,000 investment.
Which performed better, GLOW or SPY?
Over the past year GLOW returned +23.03% vs +19.97% for SPY, so GLOW leads on 1-year performance. Over the longest common window we track (2 years), GLOW annualized +19.14% vs +18.29% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GLOW or SPY?
SPY has been the more volatile fund at 11.9% annualized versus 10.5% for GLOW. Worst drawdown: GLOW -15.6% vs SPY -18.8%.
Should I hold both GLOW and SPY?
GLOW and SPY have a monthly-return correlation of 0.92, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between GLOW and SPY?
3.3% of GLOW's money is in holdings SPY also owns. 0.1% of SPY's is in holdings GLOW also owns. They hold 1 positions in common, counted across the 14 positions we hold weights for in GLOW and 504 in SPY.
Which pays a higher dividend, GLOW or SPY?
GLOW yields 1.41% while SPY yields 1.01%, so GLOW currently pays the higher dividend yield.
Is SPY better than GLOW?
SPY has a lower expense ratio. GLOW led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.92. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 88.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.