VFLO vs. GFLW

Last updated Apr 2, 2026

Compare and contrast key facts about Victoryshares Free Cash Flow ETF (VFLO) and VictoryShares Free Cash Flow Growth ETF (GFLW).

VFLO and GFLW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VFLO is a passively managed fund by Victory that tracks the performance of the Victory U.S. Large Cap Free Cash Flow Index. It was launched on Jun 21, 2023. GFLW is a passively managed fund by Victory that tracks the performance of the Victory Free Cash Flow Growth Index. It was launched on Dec 3, 2024. Both VFLO and GFLW are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

VFLO vs. GFLW - Performance Comparison

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

VFLO vs. GFLW - Yearly Performance Comparison

	2026 (YTD)	2025	2024
VFLO Victoryshares Free Cash Flow ETF	0.86%	17.51%	-6.64%
GFLW VictoryShares Free Cash Flow Growth ETF	-5.18%	18.40%	-6.12%

Returns By Period

In the year-to-date period, VFLO achieves a 0.86% return, which is significantly higher than GFLW's -5.18% return.

VFLO

• 1D: 0.48%
• 1M: -2.19%
• YTD: 0.86%
• 6M: 5.82%
• 1Y: 17.47%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GFLW

• 1D: 1.54%
• 1M: -3.59%
• YTD: -5.18%
• 6M: -6.74%
• 1Y: 21.93%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VFLO vs. GFLW - Expense Ratio Comparison

Both VFLO and GFLW have an expense ratio of 0.39%.

VFLO

Victoryshares Free Cash Flow ETF

GFLW

VictoryShares Free Cash Flow Growth ETF

Return for Risk

VFLO vs. GFLW — Risk / Return Rank

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

VFLO

VFLO Risk / Return Rank: 50
VFLO Sharpe Ratio Rank: 47
VFLO Sortino Ratio Rank: 49
VFLO Omega Ratio Rank: 48
VFLO Calmar Ratio Rank: 48
VFLO Martin Ratio Rank: 60

GFLW

GFLW Risk / Return Rank: 48
GFLW Sharpe Ratio Rank: 45
GFLW Sortino Ratio Rank: 49
GFLW Omega Ratio Rank: 45
GFLW Calmar Ratio Rank: 52
GFLW Martin Ratio Rank: 47

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.

VFLO vs. GFLW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Victoryshares Free Cash Flow ETF (VFLO) 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.

	VFLO	GFLW	Difference
Sharpe ratio Return per unit of total volatility	0.89	0.90	0.00
Sortino ratio Return per unit of downside risk	1.37	1.41	-0.04
Omega ratio Gain probability vs. loss probability	1.19	1.19	0.00
Calmar ratio Return relative to maximum drawdown	1.30	1.54	-0.25
Martin ratio Return relative to average drawdown	6.09	5.14	+0.95
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VFLO vs. GFLW - Sharpe Ratio Comparison

The current VFLO Sharpe Ratio is 0.89, which is comparable to the GFLW Sharpe Ratio of 0.90. The chart below compares the historical Sharpe Ratios of VFLO and GFLW, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	VFLO	GFLW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.89	0.90	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	1.27	0.16	+1.11

Correlation

The correlation between VFLO and GFLW is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

VFLO vs. GFLW - Dividend Comparison

VFLO's dividend yield for the trailing twelve months is around 1.41%, more than GFLW's 0.02% yield.

	TTM	2025	2024	2023
VFLO Victoryshares Free Cash Flow ETF	1.41%	1.60%	1.20%	0.71%
GFLW VictoryShares Free Cash Flow Growth ETF	0.02%	0.02%	0.01%	0.00%

Drawdowns

VFLO vs. GFLW - Drawdown Comparison

The maximum VFLO drawdown since its inception was -17.79%, smaller than the maximum GFLW drawdown of -24.14%. Use the drawdown chart below to compare losses from any high point for VFLO and GFLW.

Drawdown Indicators

	VFLO	GFLW	Difference
Max Drawdown Largest peak-to-trough decline	-17.79%	-24.14%	+6.35%
Max Drawdown (1Y) Largest decline over 1 year	-13.49%	-14.95%	+1.46%
Current Drawdown Current decline from peak	-2.19%	-9.74%	+7.55%
Average Drawdown Average peak-to-trough decline	-2.52%	-4.99%	+2.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.87%	4.49%	-1.62%

Volatility

VFLO vs. GFLW - Volatility Comparison

The current volatility for Victoryshares Free Cash Flow ETF (VFLO) is 4.27%, while VictoryShares Free Cash Flow Growth ETF (GFLW) has a volatility of 8.10%. This indicates that VFLO 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

	VFLO	GFLW	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.27%	8.10%	-3.83%
Volatility (6M) Calculated over the trailing 6-month period	10.21%	15.41%	-5.20%
Volatility (1Y) Calculated over the trailing 1-year period	19.67%	24.59%	-4.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.75%	25.06%	-9.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.75%	25.06%	-9.31%