GLRY vs. BLES

Last updated Aug 2, 2026

GLRY (Inspire Faithward Mid Cap Momentum ESG ETF) and BLES (Inspire Global Hope ETF) are both exchange-traded funds - GLRY is a Momentum fund actively managed by Inspire, while BLES is a Global Equities fund tracking the Inspire Global Hope Large Cap Equal Weight Index. GLRY is actively managed, while BLES is passively managed. Over the past 5 years, GLRY returned 8.55%/yr vs 8.01%/yr for BLES. Their 0.79 correlation means they have sometimes moved together and sometimes differently. GLRY charges 0.85%/yr vs 0.58%/yr for BLES.

Performance

GLRY vs. BLES - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Inspire Faithward Mid Cap Momentum ESG ETF (GLRY) and Inspire Global Hope ETF (BLES). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GLRY achieves a 15.34% return, which is significantly higher than BLES's 13.60% return.

GLRY

• 1D: 0.63%
• 1M: -0.99%
• 6M: 10.44%
• YTD: 15.34%
• 1Y: 24.79%
• 3Y*: 16.62%
• 5Y*: 8.55%
• 10Y*: —
• ALL TIME*: 10.56%

BLES

• 1D: -0.63%
• 1M: 1.44%
• 6M: 8.74%
• YTD: 13.60%
• 1Y: 22.50%
• 3Y*: 14.13%
• 5Y*: 8.01%
• 10Y*: —
• ALL TIME*: 10.20%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BLES Inspire Global Hope ETF	$536.45K	$433.61K	$491.66K
GLRY Inspire Faithward Mid Cap Momentum ESG ETF	$644.72K	$797.28K	$987.16K

GLRY vs. BLES - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
GLRY Inspire Faithward Mid Cap Momentum ESG ETF	15.34%	16.50%	16.59%	19.58%	-22.50%	15.97%	4.64%
BLES Inspire Global Hope ETF	13.60%	19.25%	5.59%	16.47%	-16.21%	24.36%	1.16%

Correlation

The correlation between GLRY and BLES is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.70
Correlation (3Y) Balances recent behavior with more history.	0.76
Correlation (5Y) Shows whether the relationship held over a longer period.	0.82
Correlation (All Time) Calculated using the full available price history since Dec 8, 2020	0.79

The correlation between GLRY and BLES shifts across timeframes, from 0.70 (1 year) to 0.82 (5 years), reflecting how their relationship changes across market environments.

GLRY vs. BLES - Sectors Allocation Comparison

Sectors	GLRY	BLES
Technology	29.8%	17.3%
Industrials	23.7%	20.7%
Consumer Cyclical	13.3%	6.5%
Financial Services	11.5%	13.0%
Healthcare	8.3%	7.4%
Utilities	3.1%	7.1%
Real Estate	2.9%	7.9%
Energy	2.7%	5.6%
Basic Materials	1.8%	9.1%
Consumer Defensive	1.5%	4.5%
Communication Services	1.4%	0.9%

Return for Risk

GLRY vs. BLES — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GLRY

GLRY Risk / Return Rank: 53
GLRY Sharpe Ratio Rank: 49
GLRY Sortino Ratio Rank: 47
GLRY Omega Ratio Rank: 46
GLRY Calmar Ratio Rank: 65
GLRY Martin Ratio Rank: 58

BLES

BLES Risk / Return Rank: 76
BLES Sharpe Ratio Rank: 76
BLES Sortino Ratio Rank: 77
BLES Omega Ratio Rank: 74
BLES Calmar Ratio Rank: 76
BLES Martin Ratio Rank: 79

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GLRY vs. BLES - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Inspire Faithward Mid Cap Momentum ESG ETF (GLRY) and Inspire Global Hope ETF (BLES). 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.

	GLRY	BLES	Difference
Sharpe ratio: Return per unit of total volatility	1.19	1.74	-0.55
Sortino ratio: Return per unit of downside risk	1.71	2.47	-0.76
Omega ratio: Gain probability vs. loss probability	1.21	1.31	-0.09
Calmar ratio: Return relative to maximum drawdown	2.26	2.66	-0.40
Martin ratio: Return relative to average drawdown	6.96	10.18	-3.22

GLRY vs. BLES - Sharpe Ratio Comparison

The current GLRY Sharpe Ratio is 1.19, which is lower than the BLES Sharpe Ratio of 1.74. The chart below compares the historical Sharpe Ratios of GLRY and BLES, 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

GLRY vs. BLES - Drawdown Comparison

The maximum GLRY drawdown since its inception was -40.60%, roughly equal to the maximum BLES drawdown of -40.35%. Use the drawdown chart below to compare losses from any high point for GLRY and BLES.

Drawdown Indicators

	GLRY	BLES	Difference
Max Drawdown Largest peak-to-trough decline	-40.60%	-40.35%	-0.25%
Max Drawdown (1Y) Largest decline over 1 year	-10.89%	-8.29%	-2.60%
Max Drawdown (3Y) Largest decline over 3 years	-20.50%	-15.46%	-5.04%
Max Drawdown (5Y) Largest decline over 5 years	-34.63%	-26.61%	-8.02%
Current Drawdown Current decline from peak	-5.57%	-0.63%	-4.94%
Average Drawdown Average peak-to-trough decline	-15.67%	-5.96%	-9.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.53%	2.16%	+1.37%

Volatility

GLRY vs. BLES - Volatility Comparison

Inspire Faithward Mid Cap Momentum ESG ETF (GLRY) has a higher volatility of 7.70% compared to Inspire Global Hope ETF (BLES) at 2.76%. This indicates that GLRY's price experiences larger fluctuations and is considered to be riskier than BLES based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GLRY	BLES	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.70%	2.76%	+4.94%
Volatility (6M) Calculated over the trailing 6-month period	17.33%	10.20%	+7.13%
Volatility (1Y) Calculated over the trailing 1-year period	20.71%	12.76%	+7.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.30%	16.40%	+3.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.56%	18.85%	+2.71%

GLRY vs. BLES - Expense Ratio Comparison

GLRY has a 0.85% expense ratio, which is higher than BLES's 0.58% expense ratio.

Dividends

GLRY vs. BLES - Dividend Comparison

GLRY's dividend yield for the trailing twelve months is around 0.17%, less than BLES's 1.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BLES Inspire Global Hope ETF	1.80%	1.97%	1.90%	1.80%	1.64%	9.28%	1.61%	2.16%	1.73%	2.01%
GLRY Inspire Faithward Mid Cap Momentum ESG ETF	0.17%	0.34%	0.52%	1.07%	1.04%	4.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GLRY and BLES in my portfolio?

GLRY and BLES have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GLRY or BLES?

GLRY has higher volatility (7.70%) compared to BLES (2.76%). In terms of maximum drawdown, GLRY dropped -40.60% vs BLES's -40.35%.

Which ETF is better, GLRY or BLES?

On 5-year performance, GLRY leads with 8.55% vs 8.01% for BLES. On fees, BLES is cheaper at 0.58% per year. On volatility, BLES has been the lower-risk option at 2.76%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GLRY or BLES?

Over the 5-year period, GLRY has performed better with a 8.55% return vs 8.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GLRY or BLES?

BLES is cheaper with a 0.58% expense ratio, compared with 0.85% for GLRY.

Which ETF pays a higher dividend yield, GLRY or BLES?

BLES has the higher dividend yield at 1.80%, compared with 0.17% for GLRY.

What is the main difference between GLRY and BLES?

GLRY is categorized as Momentum, while BLES is Global Equities. Their fees differ too: 0.85% for GLRY and 0.58% for BLES.

Which has better risk-adjusted returns?

BLES currently has the higher Sharpe Ratio (1.74 vs 1.19), 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.