GLOW vs TYO
VictoryShares WestEnd Global Equity ETF vs Direxion Daily 7-10 Year Treasury Bear 3X ETF
Quick Verdict
GLOW has a lower expense ratio. GLOW delivered stronger 1-year returns. GLOW offers more diversification with 15 holdings.
Side-by-Side Comparison
| Metric | GLOW | TYO | Winner |
|---|---|---|---|
| Expense Ratio | 0.72% | 1.00% | |
| AUM | $63M | $12M | |
| Dividend Yield | 1.28% | 2.62% | |
| Holdings | 16 | 6 | |
| YTD Return | +14.61% | +11.63% | |
| 1Y Return | +24.02% | +10.94% | |
| 3Y Return (annualized) | - | +4.88% | |
| 5Y Return (annualized) | - | +14.70% | |
| Volatility (annualized) | 10.7% | 19.3% | |
| Max Drawdown | -15.6% | -90.4% | |
| Fund Family | Victory Capital Management Inc. | Direxion Shares ETF Trust | |
| Category | Equity | Alternative | |
| Inception | Jun 21, 2024 | Apr 16, 2009 |
GLOW vs TYO Performance
VictoryShares WestEnd Global Equity ETF (GLOW) is a ETF from Victory Capital Management Inc. and Direxion Daily 7-10 Year Treasury Bear 3X ETF (TYO) is a ETF from Direxion Shares ETF Trust. Over the past year GLOW returned +24.02% while TYO returned +10.94%. Year to date, GLOW is up 14.61% versus a gain of 11.63% for TYO.
Risk: Volatility and Drawdowns
TYO has been the more volatile fund, with annualized monthly volatility of 19.3% 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 -90.4% for TYO. 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 -0.45. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GLOW charges 0.72% per year while TYO charges 1.00%. On a $10,000 position that is $72 vs $100 annually, a gap of $28 per year that compounds over a long holding period. On income, GLOW currently yields 1.28% against 2.62% for TYO.
Holdings Overlap
GLOW and TYO share 0 holdings out of 18 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 TYO?
GLOW has an expense ratio of 0.72% while TYO charges 1.00%. GLOW is the cheaper option. On a $10,000 investment, that is $28 per year of difference.
Which performed better, GLOW or TYO?
Over the past year GLOW returned +24.02% vs +10.94% for TYO, so GLOW leads on 1-year performance. Over the longest common window we track (2 years), GLOW annualized +19.78% vs -7.21% for TYO. Past performance does not guarantee future results.
Which is riskier, GLOW or TYO?
TYO has been the more volatile fund at 19.3% annualized versus 10.7% for GLOW. Worst drawdown: GLOW -15.6% vs TYO -90.4%.
Should I hold both GLOW and TYO?
GLOW and TYO have a monthly-return correlation of -0.45, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GLOW and TYO?
GLOW and TYO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 18 unique securities.
Which pays a higher dividend, GLOW or TYO?
GLOW yields 1.28% while TYO yields 2.62%, so TYO currently pays the higher dividend yield.
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