- ISIN
- US78463X3017
- CUSIP
- 78463X301
- Issuer
- State Street
- Inception Date
- Mar 19, 2007
- Region
- Emerging Asia Pacific (Broad)
- Category
- Asia Pacific Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- S&P Asia Pacific Emerging BMI Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $443M
Share Price Chart
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Performance
GMF Performance Chart
SPDR S&P Emerging Asia Pacific ETF (GMF) is up 16.3% since the beginning of the year. GMF is currently trading at $161 per share. Investors who bought $1,000 worth of GMF shares 5 years ago would now be looking at an investment worth $1,359.
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Returns By Period
SPDR S&P Emerging Asia Pacific ETF (GMF) has returned 16.28% so far this year and 34.42% over the past 12 months. Over the last ten years, GMF has returned 10.74% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
SPDR S&P Emerging Asia Pacific ETF
- 1D
- 0.67%
- 1M
- 6.38%
- YTD
- 16.28%
- 6M
- 16.39%
- 1Y
- 34.42%
- 3Y*
- 20.34%
- 5Y*
- 6.32%
- 10Y*
- 10.74%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
GMF Monthly Returns History
Based on dividend-adjusted daily data since Mar 23, 2007, GMF's average daily return is +0.04%, while the average monthly return is +0.78%. At this rate, an investment would double in approximately 7.4 years.
Historically, 56% of months were positive and 44% were negative. The best month was May 2009 with a return of +22.8%, while the worst month was Oct 2008 at -22.6%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 7 months.
On a daily basis, GMF closed higher 52% of trading days. The best single day was Oct 13, 2008 with a return of +15.7%, while the worst single day was Oct 15, 2008 at -10.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.49% | 3.53% | -8.44% | 10.48% | 3.27% | 3.89% | 16.28% | ||||||
| 2025 | -0.29% | -0.19% | 0.57% | -0.91% | 4.66% | 6.12% | 1.42% | 2.38% | 5.92% | 1.59% | -1.23% | 0.35% | 21.99% |
| 2024 | -4.04% | 5.20% | 1.63% | 1.09% | 3.96% | 2.81% | 0.43% | 1.14% | 8.80% | -2.33% | -2.38% | -0.23% | 16.55% |
| 2023 | 8.91% | -6.57% | 2.70% | -1.71% | -2.40% | 3.90% | 5.98% | -5.38% | -2.21% | -2.95% | 5.94% | 3.04% | 8.20% |
| 2022 | -0.86% | -4.02% | -4.99% | -5.12% | 0.37% | -0.95% | -2.10% | -0.20% | -10.88% | -5.76% | 17.82% | -1.76% | -18.99% |
| 2021 | 4.61% | 1.89% | -3.19% | 1.19% | 0.56% | 1.08% | -7.13% | 2.65% | -3.25% | 1.71% | -2.17% | 0.68% | -1.93% |
Benchmark Metrics
SPDR S&P Emerging Asia Pacific ETF has an annualized alpha of -0.31%, beta of 0.99, and R2 of 0.62 versus S&P 500 Index. Calculated based on daily prices since March 23, 2007.
- This ETF participated in 91.32% of S&P 500 Index downside but only 84.51% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 0.99 and R2 of 0.62, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -0.31%
- Beta
- 0.99
- R²
- 0.62
- Upside Capture
- 84.51%
- Downside Capture
- 91.32%
Expense Ratio
GMF has an expense ratio of 0.49%, placing it in the medium range.
Return for Risk
Risk / Return Rank
GMF ranks 60 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for SPDR S&P Emerging Asia Pacific ETF (GMF) and compare them to S&P 500 Index.
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.
| GMF | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.37 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.74 | 2.78 | -0.05 |
| Martin ratioReturn relative to average drawdown | 9.97 | 12.44 | -2.47 |
Dividends
Dividend History
SPDR S&P Emerging Asia Pacific ETF provided a 1.69% dividend yield over the last twelve months, with an annual payout of $2.72 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.72 | $2.06 | $2.21 | $2.78 | $2.44 | $3.30 | $1.68 | $1.81 | $1.99 | $1.78 | $1.87 | $2.77 |
Dividend yield | 1.69% | 1.49% | 1.92% | 2.75% | 2.54% | 2.71% | 1.32% | 1.75% | 2.26% | 1.70% | 2.49% | 3.76% |
Monthly Dividends
The table displays the monthly dividend distributions for SPDR S&P Emerging Asia Pacific ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.66 | $0.66 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.86 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.20 | $2.06 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.64 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.58 | $2.21 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.86 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.92 | $2.78 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.70 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.74 | $2.44 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.58 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.72 | $3.30 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the SPDR S&P Emerging Asia Pacific ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the SPDR S&P Emerging Asia Pacific ETF was 67.18%, occurring on Nov 20, 2008. Recovery took 1424 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -67.18%Nov 2008 | 1y 20d | 5y 8mo | 6y 8moNov 2007 - Jul 2014 |
Bear market2022 | -40.18%Oct 2022 | 1y 8mo | 2y 9mo | 4y 5moFeb 2021 - Jul 2025 |
COVID crash2020 | -31.25%Mar 2020 | 2y 1mo | 4mo 15d | 2y 6moJan 2018 - Aug 2020 |
2016 bear market2016 | -30.66%Feb 2016 | 9mo 19d | 1y 3mo | 2y 28dApr 2015 - May 2017 |
2007 correction2007 | -16.46%Aug 2007 | 23d | 19d | 1mo 12dJul 2007 - Sep 2007 |
Drawdown Indicators
| GMF | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.18% | -56.78% | -10.40% |
Max Drawdown (1Y)Largest decline over 1 year | -12.62% | -9.10% | -3.52% |
Max Drawdown (3Y)Largest decline over 3 years | -21.43% | -18.90% | -2.53% |
Max Drawdown (5Y)Largest decline over 5 years | -35.76% | -25.43% | -10.33% |
Max Drawdown (10Y)Largest decline over 10 years | -40.18% | -33.92% | -6.26% |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -16.55% | -10.71% | -5.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.46% | 2.03% | +1.43% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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