GLOW vs. BDVL

Last updated Jun 23, 2026

GLOW (VictoryShares WestEnd Global Equity ETF) and BDVL (iShares Disciplined Volatility Equity Active ETF) are both Global Equities funds. GLOW is actively managed, while BDVL is passively managed. Their correlation of 0.88 suggests significant overlap in exposure. GLOW charges 0.72%/yr vs 0.40%/yr for BDVL.

Performance

GLOW vs. BDVL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VictoryShares WestEnd Global Equity ETF (GLOW) and iShares Disciplined Volatility Equity Active ETF (BDVL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GLOW achieves a 11.87% return, which is significantly higher than BDVL's 5.76% return.

GLOW

• 1D: 0.05%
• 1M: 2.41%
• YTD: 11.87%
• 6M: 11.60%
• 1Y: 28.17%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BDVL

• 1D: 0.12%
• 1M: 0.23%
• YTD: 5.76%
• 6M: 5.76%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GLOW vs. BDVL - Yearly Performance Comparison

	2026 (YTD)	2025
GLOW VictoryShares WestEnd Global Equity ETF	11.87%	4.55%
BDVL iShares Disciplined Volatility Equity Active ETF	5.76%	2.20%

Correlation

The correlation between GLOW and BDVL is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 15, 2025	0.88

GLOW vs. BDVL - Sectors Allocation Comparison

Sectors	GLOW	BDVL
Technology	28.4%	27.8%
Financial Services	19.0%	14.3%
Healthcare	13.3%	8.3%
Communication Services	11.3%	10.0%
Industrials	8.5%	14.2%
Consumer Cyclical	6.2%	6.9%
Consumer Defensive	4.8%	5.3%
Utilities	3.9%	4.5%
Basic Materials	2.1%	1.9%
Energy	1.6%	1.6%
Real Estate	0.9%	0.9%

Return for Risk

GLOW vs. BDVL — Risk / Return Rank

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

GLOW

GLOW Risk / Return Rank: 69
GLOW Sharpe Ratio Rank: 71
GLOW Sortino Ratio Rank: 70
GLOW Omega Ratio Rank: 69
GLOW Calmar Ratio Rank: 63
GLOW Martin Ratio Rank: 71

BDVL

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. BDVL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VictoryShares WestEnd Global Equity ETF (GLOW) and iShares Disciplined Volatility Equity Active ETF (BDVL). 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	BDVL	Difference
Sharpe ratio: Return per unit of total volatility	2.21	—	—
Sortino ratio: Return per unit of downside risk	3.06	—	—
Omega ratio: Gain probability vs. loss probability	1.40	—	—
Calmar ratio: Return relative to maximum drawdown	3.03	—	—
Martin ratio: Return relative to average drawdown	12.85	—	—

Drawdowns

GLOW vs. BDVL - Drawdown Comparison

The maximum GLOW drawdown since its inception was -15.58%, which is greater than BDVL's maximum drawdown of -7.71%. Use the drawdown chart below to compare losses from any high point for GLOW and BDVL.

Drawdown Indicators

	GLOW	BDVL	Difference
Max Drawdown Largest peak-to-trough decline	-15.58%	-7.71%	-7.87%
Max Drawdown (1Y) Largest decline over 1 year	-9.33%	—	—
Current Drawdown Current decline from peak	-0.32%	-0.44%	+0.12%
Average Drawdown Average peak-to-trough decline	-1.79%	-1.18%	-0.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.20%	—	—

Volatility

Volatility by Period

	GLOW	BDVL	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.81%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.46%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.83%	9.67%	+3.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.29%	9.67%	+5.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.29%	9.67%	+5.62%

GLOW vs. BDVL - Expense Ratio Comparison

GLOW has a 0.72% expense ratio, which is higher than BDVL's 0.40% expense ratio.

Dividends

GLOW vs. BDVL - Dividend Comparison

GLOW's dividend yield for the trailing twelve months is around 1.11%, less than BDVL's 3.52% yield.

Position	TTM	2025	2024
BDVL iShares Disciplined Volatility Equity Active ETF	3.52%	2.79%	0.00%
GLOW VictoryShares WestEnd Global Equity ETF	1.11%	1.33%	1.18%

Frequently Asked Questions

Can I hold both GLOW and BDVL in my portfolio?

GLOW and BDVL have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GLOW or BDVL?

On fees, BDVL is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GLOW or BDVL?

BDVL is cheaper with a 0.40% expense ratio, compared with 0.72% for GLOW.

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

BDVL has the higher dividend yield at 3.52%, compared with 1.11% for GLOW.

What is the main difference between GLOW and BDVL?

They also come from different issuers: VictoryShares and iShares. Their fees differ too: 0.72% for GLOW and 0.40% for BDVL.