GLOW vs TYLG
VictoryShares WestEnd Global Equity ETF vs Global X Information Technology Covered Call & Growth ETF
Quick Verdict
TYLG has a lower expense ratio. TYLG delivered stronger 1-year returns. TYLG offers more diversification with 78 holdings.
Side-by-Side Comparison
| Metric | GLOW | TYLG | Winner |
|---|---|---|---|
| Expense Ratio | 0.72% | 0.60% | |
| AUM | $68M | $15M | |
| Dividend Yield | 1.41% | 8.89% | |
| Holdings | 16 | 78 | |
| YTD Return | +14.50% | +21.18% | |
| 1Y Return | +24.54% | +35.64% | |
| 3Y Return (annualized) | - | +23.66% | |
| 5Y Return (annualized) | - | - | |
| Volatility (annualized) | 10.7% | 15.8% | |
| Max Drawdown | -15.6% | -24.5% | |
| Fund Family | Victory Capital Management Inc. | Global X by mirae Asset | |
| Category | Equity | Alternative | |
| Inception | Jun 21, 2024 | Nov 21, 2022 |
GLOW vs TYLG Performance
VictoryShares WestEnd Global Equity ETF (GLOW) is a ETF from Victory Capital Management Inc. and Global X Information Technology Covered Call & Growth ETF (TYLG) is a ETF from Global X by mirae Asset. Over the past year GLOW returned +24.54% while TYLG returned +35.64%. Year to date, GLOW is up 14.50% versus a gain of 21.18% for TYLG.
Risk: Volatility and Drawdowns
TYLG has been the more volatile fund, with annualized monthly volatility of 15.8% 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 -24.5% for TYLG. 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 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
GLOW charges 0.72% per year while TYLG charges 0.60%. On a $10,000 position that is $72 vs $60 annually, a gap of $12 per year that compounds over a long holding period. On income, GLOW currently yields 1.41% against 8.89% for TYLG.
Holdings Overlap
GLOW and TYLG share 1 holdings out of 87 unique holdings combined, representing a 17.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in GLOW | Weight in TYLG | Difference |
|---|---|---|---|
| XLK | 17.45% | 55.55% | 38.10% |
Frequently Asked Questions
Which is cheaper, GLOW or TYLG?
GLOW has an expense ratio of 0.72% while TYLG charges 0.60%. TYLG is the cheaper option. On a $10,000 investment, that is $12 per year of difference.
Which performed better, GLOW or TYLG?
Over the past year GLOW returned +24.54% vs +35.64% for TYLG, so TYLG leads on 1-year performance. Over the longest common window we track (2 years), GLOW annualized +19.48% vs +25.12% for TYLG. Past performance does not guarantee future results.
Which is riskier, GLOW or TYLG?
TYLG has been the more volatile fund at 15.8% annualized versus 10.7% for GLOW. Worst drawdown: GLOW -15.6% vs TYLG -24.5%.
Should I hold both GLOW and TYLG?
GLOW and TYLG have a monthly-return correlation of 0.76, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GLOW and TYLG?
GLOW and TYLG share 1 common holdings with a 17.4% weight overlap. Combined, they hold 87 unique securities.
Which pays a higher dividend, GLOW or TYLG?
GLOW yields 1.41% while TYLG yields 8.89%, so TYLG currently pays the higher dividend yield.
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