GLOW vs. ABI

Last updated Jul 12, 2026

GLOW (VictoryShares WestEnd Global Equity ETF) and ABI (VictoryShares Pioneer Asset-Based Income ETF) are both exchange-traded funds - GLOW is a Global Equities fund actively managed by VictoryShares, while ABI is a Multisector Bonds fund managed by VictoryShares. Over the past year, GLOW returned 24.44% vs 5.29% for ABI. At a 0.22 correlation, their price movements are largely independent. GLOW charges 0.72%/yr vs 0.65%/yr for ABI.

Performance

GLOW vs. ABI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VictoryShares WestEnd Global Equity ETF (GLOW) and VictoryShares Pioneer Asset-Based Income ETF (ABI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GLOW achieves a 12.71% return, which is significantly higher than ABI's 3.12% return.

GLOW

• 1D: 0.19%
• 1M: 1.74%
• 6M: 10.03%
• YTD: 12.71%
• 1Y: 24.44%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ABI

• 1D: 0.04%
• 1M: 0.36%
• 6M: 2.69%
• YTD: 3.12%
• 1Y: 5.29%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GLOW vs. ABI - Yearly Performance Comparison

	2026 (YTD)	2025
GLOW VictoryShares WestEnd Global Equity ETF	12.71%	12.07%
ABI VictoryShares Pioneer Asset-Based Income ETF	3.12%	2.05%

Correlation

The correlation between GLOW and ABI is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025	0.22

Return for Risk

GLOW vs. ABI — Risk / Return Rank

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

GLOW

GLOW Risk / Return Rank: 70
GLOW Sharpe Ratio Rank: 72
GLOW Sortino Ratio Rank: 72
GLOW Omega Ratio Rank: 70
GLOW Calmar Ratio Rank: 64
GLOW Martin Ratio Rank: 73

ABI

ABI Risk / Return Rank: 96
ABI Sharpe Ratio Rank: 98
ABI Sortino Ratio Rank: 98
ABI Omega Ratio Rank: 98
ABI Calmar Ratio Rank: 94
ABI Martin Ratio Rank: 91

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.

GLOW vs. ABI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VictoryShares WestEnd Global Equity ETF (GLOW) and VictoryShares Pioneer Asset-Based Income ETF (ABI). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	GLOW	ABI	Difference
Sharpe ratio: Return per unit of total volatility	1.85	4.20	-2.36
Sortino ratio: Return per unit of downside risk	2.59	6.39	-3.80
Omega ratio: Gain probability vs. loss probability	1.33	2.03	-0.70
Calmar ratio: Return relative to maximum drawdown	2.54	5.63	-3.09
Martin ratio: Return relative to average drawdown	10.73	17.08	-6.35

GLOW vs. ABI - Sharpe Ratio Comparison

The current GLOW Sharpe Ratio is 1.85, which is lower than the ABI Sharpe Ratio of 4.20. The chart below compares the historical Sharpe Ratios of GLOW and ABI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GLOW vs. ABI - Drawdown Comparison

The maximum GLOW drawdown since its inception was -15.58%, which is greater than ABI's maximum drawdown of -0.95%. Use the drawdown chart below to compare losses from any high point for GLOW and ABI.

Drawdown Indicators

	GLOW	ABI	Difference
Max Drawdown Largest peak-to-trough decline	-15.58%	-0.95%	-14.63%
Max Drawdown (1Y) Largest decline over 1 year	-9.33%	-0.95%	-8.38%
Current Drawdown Current decline from peak	-0.35%	-0.00%	-0.35%
Average Drawdown Average peak-to-trough decline	-1.77%	-0.17%	-1.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.21%	0.31%	+1.90%

Volatility

GLOW vs. ABI - Volatility Comparison

VictoryShares WestEnd Global Equity ETF (GLOW) has a higher volatility of 4.31% compared to VictoryShares Pioneer Asset-Based Income ETF (ABI) at 0.34%. This indicates that GLOW's price experiences larger fluctuations and is considered to be riskier than ABI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GLOW	ABI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.31%	0.34%	+3.97%
Volatility (6M) Calculated over the trailing 6-month period	10.61%	0.81%	+9.80%
Volatility (1Y) Calculated over the trailing 1-year period	12.84%	1.28%	+11.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.20%	1.26%	+13.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.20%	1.26%	+13.94%

GLOW vs. ABI - Expense Ratio Comparison

GLOW has a 0.72% expense ratio, which is higher than ABI's 0.65% expense ratio.

Dividends

GLOW vs. ABI - Dividend Comparison

GLOW's dividend yield for the trailing twelve months is around 1.22%, less than ABI's 6.21% yield.

Position	TTM	2025	2024
ABI VictoryShares Pioneer Asset-Based Income ETF	6.21%	3.01%	0.00%
GLOW VictoryShares WestEnd Global Equity ETF	1.22%	1.33%	1.18%

Frequently Asked Questions

Can I hold both GLOW and ABI in my portfolio?

GLOW and ABI have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GLOW or ABI?

GLOW has higher volatility (4.31%) compared to ABI (0.34%). In terms of maximum drawdown, GLOW dropped -15.58% vs ABI's -0.95%.

Which ETF is better, GLOW or ABI?

On 1-year performance, GLOW leads with 24.44% vs 5.29% for ABI. On fees, ABI is cheaper at 0.65% per year. On volatility, ABI has been the lower-risk option at 0.34%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GLOW or ABI?

Over the 1-year period, GLOW has performed better with a 24.44% return vs 5.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GLOW or ABI?

ABI is cheaper with a 0.65% expense ratio, compared with 0.72% for GLOW.

Which ETF pays a higher dividend yield, GLOW or ABI?

ABI has the higher dividend yield at 6.21%, compared with 1.22% for GLOW.

What is the main difference between GLOW and ABI?

GLOW is categorized as Global Equities, while ABI is Multisector Bonds. Their fees differ too: 0.72% for GLOW and 0.65% for ABI.

Which has better risk-adjusted returns?

ABI currently has the higher Sharpe Ratio (4.20 vs 1.85), 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.