GLBL vs. VEGA

Last updated Jun 4, 2026

GLBL (Pacer MSCI World Industry Advantage ETF) and VEGA (AdvisorShares STAR Global Buy-Write ETF) are both Global Equities funds. GLBL is passively managed, while VEGA is actively managed. Over the past year, GLBL returned 31.50% vs 18.86% for VEGA. Their correlation of 0.82 suggests significant overlap in exposure. GLBL charges 0.65%/yr vs 2.02%/yr for VEGA.

Performance

GLBL vs. VEGA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer MSCI World Industry Advantage ETF (GLBL) and AdvisorShares STAR Global Buy-Write ETF (VEGA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GLBL achieves a 13.05% return, which is significantly higher than VEGA's 7.10% return.

GLBL

• 1D: -0.46%
• 1M: 5.74%
• YTD: 13.05%
• 6M: 13.02%
• 1Y: 31.50%
• 3Y*: —
• 5Y*: —
• 10Y*: —

VEGA

• 1D: -0.52%
• 1M: 3.04%
• YTD: 7.10%
• 6M: 6.87%
• 1Y: 18.86%
• 3Y*: 13.94%
• 5Y*: 7.25%
• 10Y*: 7.95%

*Multi-year figures are annualized to reflect compound growth (CAGR)

GLBL vs. VEGA - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GLBL Pacer MSCI World Industry Advantage ETF	13.05%	20.14%	5.49%
VEGA AdvisorShares STAR Global Buy-Write ETF	7.10%	15.83%	-0.14%

Correlation

The correlation between GLBL and VEGA is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (All Time) Calculated using the full available price history since Sep 18, 2024	0.82

The correlation between GLBL and VEGA has been stable across timeframes, ranging from 0.82 to 0.86 - a consistent structural relationship.

GLBL vs. VEGA - Sectors Allocation Comparison

Sectors	GLBL	VEGA
Technology	38.7%	31.7%
Communication Services	16.2%	9.3%
Consumer Cyclical	12.9%	10.1%
Financial Services	12.6%	14.6%
Healthcare	6.3%	8.4%
Consumer Defensive	3.9%	4.6%
Industrials	3.4%	10.8%
Real Estate	3.1%	1.8%
Energy	1.4%	3.5%
Basic Materials	1.1%	2.6%
Utilities	0.4%	2.6%

Return for Risk

GLBL vs. VEGA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GLBL

GLBL Risk / Return Rank: 68
GLBL Sharpe Ratio Rank: 74
GLBL Sortino Ratio Rank: 70
GLBL Omega Ratio Rank: 71
GLBL Calmar Ratio Rank: 59
GLBL Martin Ratio Rank: 66

VEGA

VEGA Risk / Return Rank: 63
VEGA Sharpe Ratio Rank: 63
VEGA Sortino Ratio Rank: 64
VEGA Omega Ratio Rank: 64
VEGA Calmar Ratio Rank: 56
VEGA Martin Ratio Rank: 68

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GLBL vs. VEGA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer MSCI World Industry Advantage ETF (GLBL) and AdvisorShares STAR Global Buy-Write ETF (VEGA). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	GLBL	VEGA	Difference
Sharpe ratio Return per unit of total volatility	2.35	2.09	+0.26
Sortino ratio Return per unit of downside risk	3.15	2.96	+0.19
Omega ratio Gain probability vs. loss probability	1.42	1.39	+0.03
Calmar ratio Return relative to maximum drawdown	2.88	2.76	+0.12
Martin ratio Return relative to average drawdown	11.86	12.41	-0.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GLBL vs. VEGA - Sharpe Ratio Comparison

The current GLBL Sharpe Ratio is 2.35, which is comparable to the VEGA Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of GLBL and VEGA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GLBL	VEGA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.35	2.09	+0.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.59	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.63	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.43	0.53	+0.91

Drawdowns

GLBL vs. VEGA - Drawdown Comparison

The maximum GLBL drawdown since its inception was -19.75%, smaller than the maximum VEGA drawdown of -28.37%. Use the drawdown chart below to compare losses from any high point for GLBL and VEGA.

Drawdown Indicators

	GLBL	VEGA	Difference
Max Drawdown Largest peak-to-trough decline	-19.75%	-28.37%	+8.62%
Max Drawdown (1Y) Largest decline over 1 year	-10.97%	-6.86%	-4.11%
Max Drawdown (3Y) Largest decline over 3 years	—	-11.62%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-22.78%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-28.37%	—
Current Drawdown Current decline from peak	-0.68%	-0.52%	-0.16%
Average Drawdown Average peak-to-trough decline	-2.57%	-3.79%	+1.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.66%	1.52%	+1.14%

Volatility

GLBL vs. VEGA - Volatility Comparison

Pacer MSCI World Industry Advantage ETF (GLBL) has a higher volatility of 3.02% compared to AdvisorShares STAR Global Buy-Write ETF (VEGA) at 2.71%. This indicates that GLBL's price experiences larger fluctuations and is considered to be riskier than VEGA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GLBL	VEGA	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.02%	2.71%	+0.31%
Volatility (6M) Calculated over the trailing 6-month period	10.38%	7.45%	+2.93%
Volatility (1Y) Calculated over the trailing 1-year period	13.44%	9.06%	+4.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.48%	12.29%	+4.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.48%	12.70%	+3.78%

GLBL vs. VEGA - Expense Ratio Comparison

GLBL has a 0.65% expense ratio, which is lower than VEGA's 2.02% expense ratio.

Dividends

GLBL vs. VEGA - Dividend Comparison

GLBL's dividend yield for the trailing twelve months is around 0.76%, less than VEGA's 1.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
GLBL Pacer MSCI World Industry Advantage ETF	0.76%	0.86%	0.15%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VEGA AdvisorShares STAR Global Buy-Write ETF	1.25%	1.34%	1.05%	1.12%	1.89%	0.55%	0.28%	0.44%	0.45%	0.00%	0.81%

Frequently Asked Questions

Can I hold both GLBL and VEGA in my portfolio?

GLBL and VEGA have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GLBL or VEGA?

GLBL has higher volatility (3.02%) compared to VEGA (2.71%). In terms of maximum drawdown, GLBL dropped -19.75% vs VEGA's -28.37%.

Which ETF is better, GLBL or VEGA?

On 1-year performance, GLBL leads with 31.50% vs 18.86% for VEGA. On fees, GLBL is cheaper at 0.65% per year. On volatility, VEGA has been the lower-risk option at 2.71%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GLBL or VEGA?

Over the 1-year period, GLBL has performed better with a 31.50% return vs 18.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GLBL or VEGA?

GLBL is cheaper with a 0.65% expense ratio, compared with 2.02% for VEGA.

Which ETF pays a higher dividend yield, GLBL or VEGA?

VEGA has the higher dividend yield at 1.25%, compared with 0.76% for GLBL.

What is the main difference between GLBL and VEGA?

They also come from different issuers: Pacer and AdvisorShares. Their fees differ too: 0.65% for GLBL and 2.02% for VEGA.

Which has better risk-adjusted returns?

GLBL currently has the higher Sharpe Ratio (2.35 vs 2.09), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.