DDXX vs. SPGM

Last updated Jun 5, 2026

DDXX (Defined Duration 20 ETF) and SPGM (SPDR Portfolio MSCI Global Stock Market ETF) are both Global Equities funds. DDXX is actively managed, while SPGM is passively managed. With a 0.96 correlation, they move nearly in lockstep. DDXX charges 0.25%/yr vs 0.09%/yr for SPGM.

Performance

DDXX vs. SPGM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defined Duration 20 ETF (DDXX) and SPDR Portfolio MSCI Global Stock Market ETF (SPGM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DDXX achieves a 11.88% return, which is significantly lower than SPGM's 13.52% return.

DDXX

• 1D: 0.42%
• 1M: 3.40%
• YTD: 11.88%
• 6M: 13.38%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPGM

• 1D: 0.57%
• 1M: 4.58%
• YTD: 13.52%
• 6M: 13.92%
• 1Y: 32.19%
• 3Y*: 21.80%
• 5Y*: 11.60%
• 10Y*: 12.97%

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

DDXX vs. SPGM - Yearly Performance Comparison

	2026 (YTD)	2025
DDXX Defined Duration 20 ETF	11.88%	2.51%
SPGM SPDR Portfolio MSCI Global Stock Market ETF	13.52%	2.07%

Correlation

The correlation between DDXX and SPGM is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 14, 2025	0.96

Return for Risk

DDXX vs. SPGM — Risk / Return Rank

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

SPGM

SPGM Risk / Return Rank: 76
SPGM Sharpe Ratio Rank: 78
SPGM Sortino Ratio Rank: 78
SPGM Omega Ratio Rank: 77
SPGM Calmar Ratio Rank: 69
SPGM Martin Ratio Rank: 79

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.

DDXX vs. SPGM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defined Duration 20 ETF (DDXX) and SPDR Portfolio MSCI Global Stock Market ETF (SPGM). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	DDXX	SPGM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.51	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.73	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.74	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.06	0.66	+1.40

Drawdowns

DDXX vs. SPGM - Drawdown Comparison

The maximum DDXX drawdown since its inception was -9.30%, smaller than the maximum SPGM drawdown of -33.97%. Use the drawdown chart below to compare losses from any high point for DDXX and SPGM.

Drawdown Indicators

	DDXX	SPGM	Difference
Max Drawdown Largest peak-to-trough decline	-9.30%	-33.97%	+24.67%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.50%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-16.90%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.93%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.97%	—
Current Drawdown Current decline from peak	-0.37%	-0.30%	-0.07%
Average Drawdown Average peak-to-trough decline	-1.62%	-4.81%	+3.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.10%	—

Volatility

Volatility by Period

	DDXX	SPGM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.87%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.36%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.85%	12.88%	+0.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.85%	16.03%	-2.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.85%	17.57%	-3.72%

DDXX vs. SPGM - Expense Ratio Comparison

DDXX has a 0.25% expense ratio, which is higher than SPGM's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

DDXX vs. SPGM - Dividend Comparison

DDXX's dividend yield for the trailing twelve months is around 1.13%, less than SPGM's 1.78% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DDXX Defined Duration 20 ETF	1.13%	1.20%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPGM SPDR Portfolio MSCI Global Stock Market ETF	1.78%	1.89%	1.98%	2.09%	2.37%	1.94%	1.45%	2.46%	1.89%	2.29%	1.87%	3.70%

Frequently Asked Questions

Can I hold both DDXX and SPGM in my portfolio?

With a correlation of 0.96, DDXX and SPGM move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, DDXX or SPGM?

On fees, SPGM is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DDXX or SPGM?

SPGM is cheaper with a 0.09% expense ratio, compared with 0.25% for DDXX.

Which ETF pays a higher dividend yield, DDXX or SPGM?

SPGM has the higher dividend yield at 1.78%, compared with 1.13% for DDXX.

What is the main difference between DDXX and SPGM?

They also come from different issuers: Discipline Funds and State Street. Their fees differ too: 0.25% for DDXX and 0.09% for SPGM.