DFAW vs GLOW: Grades, Fees and Holdings Compared

Dimensional World Equity ETF

DFAWANYSE Arca

VictoryShares WestEnd Global Equity ETF

GLOWCNasdaq

Overlap

0.1%by weight

Expense ratio

DFAW −0.51pt a year

DFAW0.23%GLOW0.74%

Avg volume · 30D

DFAW 8.2×the volume

DFAW98.6KGLOW12.1K

DFAW vs GLOW Performance

Oct 31, 2025 – Nov 2, 2026

+15.6%DFAW+12.7%GLOW

Expense ratio: DFAW 0.23%, better; GLOW 0.74%
Fund size: DFAW $1.71B; GLOW $77M
1Y total return: DFAW +15.6%, better; GLOW +12.7%
Yield (12M): DFAW 1.30%, better; GLOW 1.14%
Holdings: DFAW 6; GLOW 15
Avg volume (30D): DFAW 98.6K sh, better; GLOW 12.1K sh
NAV per share: DFAW $82.88; GLOW $34.21
52W range

ETF.net Grade

Pillar letters and Scores for DFAW, GLOW, with each pillar’s weight
Pillar	DFAW	GLOW
Cost30% weight	A95Higher	C44
Mission25% weight	A100Higher	A77
Risk15% weight	A75Higher	B64
Tradability15% weight	A83Higher	A78
Holdings10% weight	D32	D39Higher
Durability5% weight	A79Higher	C53

Rank among Global Active Equity funds

How we build Categories ›

Same Category. DFAW and GLOW are both graded against the same 44 Global Active Equity funds, so their Grades compare head to head.

Global Active Equity⁠

Category · 44 funds

See all 44 ›

DFAW ranks 1st and GLOW 20th of 44 funds in the Global Active Equity Category.

Rank 1AAVGEAvantis All Equity Markets ETFScore 79
Rank 1AAVTMAvantis Total Equity Markets ETF 1Score 79
Rank 1ABDVLiShares Disciplined Volatility Equity Active ETFScore 79
Rank 1ADFAWDimensional World Equity ETFScore 79
Rank 5ABFLXiShares Flexible Equity Active ETFScore 74
Rank 18BTOLLTema Durable Quality ETFScore 56
Rank 20CGLOWVictoryShares WestEnd Global Equity ETFScore 54
Rank 21CSAGPStrategas Global Policy Opportunities ETFScore 53

Our read on each fund

ETF.net Research

DFAWADimensional World Equity ETF

GLOWCVictoryShares WestEnd Global Equity ETF

In short

DFAW No data

GLOW An actively managed, one-ticket global stock fund from Victory Capital's WestEnd team: US and overseas, developed and emerging, in a single line item. The trade-off is the price tag, 2.01% a year, near the top of the global-equity aisle.

Stated mandate

DFAW No data

GLOW The Fund seeks long-term capital appreciation.

Why people hold it

DFAW No data

GLOW One holding covers the world map. The prospectus mandate spans issuers outside the US across developed and emerging regions, with long-term capital appreciation as the stated goal.
The portfolio has stayed close to the global, all-equity mandate its prospectus describes, so the label matches what you actually own.
Human stock-picking rather than an index, run by Victory Capital's WestEnd team since the June 2024 launch, with cash paid out quarterly.

Worth knowing

DFAW No data

GLOW The fee is the headline: 2.01% a year, against 0.15% at GSWO and 0.25% at AVGE. That gap comes out of the fund's return every year, in every market.
Thinly traded on a modest asset base, so spreads can widen at the open and close. Limit orders matter more here than with the giants of the category.
Launched in 2024, so the risk record is short and covers only one stretch of market weather. Not much history to judge the process by yet.

Full DFAW profile⁠

Full GLOW profile⁠

DFAW vs GLOW Holdings

How DFAW and GLOW differ

Overlap by weight

0.1%

Shared holdings make up 0.2% of GLOW and 0.1% of DFAW.

Level by level

Holdings0 in both0.1%
Sector11 Sectors84.3%
Countryby domicile90.9%
Asset classEquity100%

Sector

Sector weights in DFAW and GLOW, widest gap first
Sector	More in DFAWMore in GLOW	DFAW	GLOW
Health Care	GLOW +7.0 points	9.0%	16.0%
Financials	GLOW +4.5 points	15.8%	20.3%
Industrials	DFAW +4.3 points	12.7%	8.4%
Energy	DFAW +4.0 points	5.7%	1.7%
Consumer Discretionary	DFAW +3.1 points	9.4%	6.3%
Consumer Staples	DFAW +2.8 points	4.8%	2.0%
Utilities	GLOW +1.9 points	2.0%	3.9%
Communication	GLOW +1.6 points	6.4%	8.0%
Real Estate	DFAW +1.3 points	2.2%	0.9%
Technology	GLOW +0.6 points	27.2%	27.8%
Materials	DFAW +0.1 points	4.8%	4.7%

Country, concentration and asset class

Country by domicile

Country weights in DFAW and GLOW, widest gap first
Country	More in DFAWMore in GLOW	DFAW	GLOW
United States	DFAW +2.5 points	73.0%	70.5%
United Kingdom	GLOW +2.1 points	2.3%	4.4%
Switzerland	GLOW +1.4 points	1.7%	3.1%
Taiwan	DFAW +1.4 points	2.5%	1.1%
France	GLOW +1.3 points	1.1%	2.4%
Japan	DFAW +1.2 points	4.5%	3.3%
Germany	GLOW +1.2 points	1.3%	2.5%
Canada	DFAW +1.1 points	2.1%	1.0%
Other countries (31)	GLOW +0.2 points	11.5%	11.7%

Outside the US: DFAW 69% developed, 31% emerging. GLOW 84% developed, 16% emerging.

Concentration

Weight in the 10 largest Holdings

DFAW100.0%
GLOW87.7%

Securities held

DFAW5
GLOW14

Asset class

DFAW: Equity
GLOW: Equity

Holdings

Only in DFAW5
In both0
Only in GLOW14

Only in DFAW

5 securities, 99.9% of DFAW by weight

Dfa Invt Dimensions53.95%
Dfa Intl Core Eqty 2 Etf18.26%
Dfa Us Core Equity 1 Etf17.92%
Dfa Em Core Equity 2 Etf8.19%
Dfa Gbl Real Estate Etf1.63%

Only in GLOW

14 securities, 99.8% of GLOW by weight

State Street Technology16.63%
Ishares Core Msci Europe15.08%
Vanguard Ftse All-World E12.15%
State Street Health Care8.87%
State Street Communicatio8.81%
State Street Utilities7.17%
State Street Financial6.86%
Ishares Core S&P Sm-Cap5.17%
State Street Materials SE3.52%
State Street Consumer Dis3.46%
Ishares Nasdaq Biotechno3.38%
Ishares U.s. Transportati3.37%
Ishares Expd Tech Sct Etf2.97%
Vanguard Ftse Pacific Etf2.36%

Weight gaps

DFAW and GLOW share no securities.

All 6 DFAW holdings⁠All 11 GLOW holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

DFAW vs GLOW Cost

Overpaying GLOW vs DFAW

$9,548

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

DFAW 0.23%
$4,759
GLOW 0.74%
$14,307

Amount$10,000

Years30 years

Cost over time

DFAW 0.23%
GLOW 0.74%
Overpaying

Year by year

Year	DFAW	GLOW	Overpaying
10	$419	$1,319	$900
20	$1,630	$5,015	$3,385
30	$4,759	$14,307	$9,548

Expense ratio

0.23%DFAW, cheaper
0.74%GLOW

DFAW0.23%GLOW0.74%

0.22%1.19%

Middle half of Global Active Equity funds
Median 0.69%

DFAW 2nd cheapest of 44 funds

GLOW 25th cheapest of 44 funds

DFAW vs GLOW Dividends

Last 12 months to Nov 2, 2026

Yield (12M): DFAW 1.30%, better; GLOW 1.14%
Payout (12M): DFAW $1.08; GLOW $0.39
Last payment: DFAW $0.26; GLOW $0.0074
Ex-dividend: DFAW Sep 22, 2026; GLOW Oct 8, 2026
Paid on: DFAW Sep 24, 2026; GLOW Oct 9, 2026
Frequency: DFAW Quarterly; GLOW Quarterly

Distribution history

Per share, 2023 to 2026, same scale for both

DFAWQuarterly · 12 paymentsAll DFAW payments⁠

GLOWQuarterly · 12 paymentsAll GLOW payments⁠

DFAW vs GLOW Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: DFAW 11.8%GLOW 10.7%since Jul 2024
Return per unit of riskSharpe ratio, 3 years: DFAW 1.37GLOW 1.04since Jul 2024
Worst fallMax drawdown, 5 years: DFAW −16.9%since Sep 2023GLOW −15.6%since Jun 2024
Market sensitivityBeta, 5 years: DFAW 0.91GLOW 0.84; Market = 1

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