MODL vs. GFLW

Last updated Jun 3, 2026

MODL (Victoryshares Westend U.S. Sector ETF) and GFLW (VictoryShares Free Cash Flow Growth ETF) are both exchange-traded funds - MODL is a Large Cap Blend Equities fund actively managed by Victory, while GFLW is a Large Cap Growth Equities fund tracking the Victory Free Cash Flow Growth Index. MODL is actively managed, while GFLW is passively managed. Over the past year, MODL returned 24.87% vs 30.36% for GFLW. Their correlation of 0.85 suggests significant overlap in exposure. MODL charges 0.46%/yr vs 0.39%/yr for GFLW.

Performance

MODL vs. GFLW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Victoryshares Westend U.S. Sector ETF (MODL) and VictoryShares Free Cash Flow Growth ETF (GFLW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MODL achieves a 7.80% return, which is significantly lower than GFLW's 16.78% return.

MODL

• 1D: -0.17%
• 1M: 4.08%
• YTD: 7.80%
• 6M: 8.04%
• 1Y: 24.87%
• 3Y*: 20.33%
• 5Y*: —
• 10Y*: —

GFLW

• 1D: 0.09%
• 1M: 10.78%
• YTD: 16.78%
• 6M: 15.86%
• 1Y: 30.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MODL vs. GFLW - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MODL Victoryshares Westend U.S. Sector ETF	7.80%	18.99%	-3.33%
GFLW VictoryShares Free Cash Flow Growth ETF	16.78%	18.40%	-6.12%

Correlation

The correlation between MODL and GFLW is 0.83, 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	0.83
Correlation (All Time) Calculated using the full available price history since Dec 5, 2024	0.85

The correlation between MODL and GFLW has been stable across timeframes, ranging from 0.83 to 0.85 - a consistent structural relationship.

Return for Risk

MODL vs. GFLW — Risk / Return Rank

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

MODL

MODL Risk / Return Rank: 64
MODL Sharpe Ratio Rank: 67
MODL Sortino Ratio Rank: 68
MODL Omega Ratio Rank: 66
MODL Calmar Ratio Rank: 53
MODL Martin Ratio Rank: 65

GFLW

GFLW Risk / Return Rank: 42
GFLW Sharpe Ratio Rank: 44
GFLW Sortino Ratio Rank: 42
GFLW Omega Ratio Rank: 41
GFLW Calmar Ratio Rank: 41
GFLW Martin Ratio Rank: 43

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.

MODL vs. GFLW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Victoryshares Westend U.S. Sector ETF (MODL) and VictoryShares Free Cash Flow Growth ETF (GFLW). 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.

	MODL	GFLW	Difference
Sharpe ratio Return per unit of total volatility	2.24	1.58	+0.66
Sortino ratio Return per unit of downside risk	3.16	2.17	+0.99
Omega ratio Gain probability vs. loss probability	1.40	1.27	+0.13
Calmar ratio Return relative to maximum drawdown	2.68	2.09	+0.59
Martin ratio Return relative to average drawdown	12.07	7.12	+4.95
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MODL vs. GFLW - Sharpe Ratio Comparison

The current MODL Sharpe Ratio is 2.24, which is higher than the GFLW Sharpe Ratio of 1.58. The chart below compares the historical Sharpe Ratios of MODL and GFLW, 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

	MODL	GFLW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.24	1.58	+0.66
Sharpe Ratio (All Time) Calculated using the full available price history	1.59	0.79	+0.80

Drawdowns

MODL vs. GFLW - Drawdown Comparison

The maximum MODL drawdown since its inception was -17.60%, smaller than the maximum GFLW drawdown of -24.14%. Use the drawdown chart below to compare losses from any high point for MODL and GFLW.

Drawdown Indicators

	MODL	GFLW	Difference
Max Drawdown Largest peak-to-trough decline	-17.60%	-24.14%	+6.54%
Max Drawdown (1Y) Largest decline over 1 year	-9.46%	-14.95%	+5.49%
Max Drawdown (3Y) Largest decline over 3 years	-17.60%	—	—
Current Drawdown Current decline from peak	-0.17%	0.00%	-0.17%
Average Drawdown Average peak-to-trough decline	-2.04%	-4.65%	+2.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.10%	4.39%	-2.29%

Volatility

MODL vs. GFLW - Volatility Comparison

The current volatility for Victoryshares Westend U.S. Sector ETF (MODL) is 2.63%, while VictoryShares Free Cash Flow Growth ETF (GFLW) has a volatility of 5.40%. This indicates that MODL experiences smaller price fluctuations and is considered to be less risky than GFLW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MODL	GFLW	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.63%	5.40%	-2.77%
Volatility (6M) Calculated over the trailing 6-month period	8.37%	14.97%	-6.60%
Volatility (1Y) Calculated over the trailing 1-year period	11.14%	19.31%	-8.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.59%	24.60%	-10.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.59%	24.60%	-10.01%

MODL vs. GFLW - Expense Ratio Comparison

MODL has a 0.46% expense ratio, which is higher than GFLW's 0.39% expense ratio.

Dividends

MODL vs. GFLW - Dividend Comparison

MODL's dividend yield for the trailing twelve months is around 0.67%, more than GFLW's 0.01% yield.

Position	TTM	2025	2024	2023	2022
GFLW VictoryShares Free Cash Flow Growth ETF	0.01%	0.02%	0.01%	0.00%	0.00%
MODL Victoryshares Westend U.S. Sector ETF	0.67%	0.67%	0.83%	1.02%	0.39%

Frequently Asked Questions

Can I hold both MODL and GFLW in my portfolio?

MODL and GFLW have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MODL or GFLW?

GFLW has higher volatility (5.40%) compared to MODL (2.63%). In terms of maximum drawdown, MODL dropped -17.60% vs GFLW's -24.14%.

Which ETF is better, MODL or GFLW?

On 1-year performance, GFLW leads with 30.36% vs 24.87% for MODL. On fees, GFLW is cheaper at 0.39% per year. On volatility, MODL has been the lower-risk option at 2.63%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MODL or GFLW?

Over the 1-year period, GFLW has performed better with a 30.36% return vs 24.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MODL or GFLW?

GFLW is cheaper with a 0.39% expense ratio, compared with 0.46% for MODL.

Which ETF pays a higher dividend yield, MODL or GFLW?

MODL has the higher dividend yield at 0.67%, compared with 0.01% for GFLW.

What is the main difference between MODL and GFLW?

MODL is categorized as Large Cap Blend Equities, while GFLW is Large Cap Growth Equities. Their fees differ too: 0.46% for MODL and 0.39% for GFLW.

Which has better risk-adjusted returns?

MODL currently has the higher Sharpe Ratio (2.24 vs 1.58), 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.