EUAD vs. GII

Last updated Jun 9, 2026

EUAD (Select STOXX Europe Aerospace & Defense ETF) and GII (SPDR S&P Global Infrastructure ETF) are both exchange-traded funds - EUAD is a Aerospace & Defense fund tracking the STOXX Europe Total Market Aerospace & Defense Index, while GII is a Utilities Equities fund tracking the S&P Global Infrastructure. Both are passively managed. Over the past year, EUAD returned -1.29% vs 13.78% for GII. At a 0.26 correlation, their price movements are largely independent. EUAD charges 0.50%/yr vs 0.40%/yr for GII.

Performance

EUAD vs. GII - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Select STOXX Europe Aerospace & Defense ETF (EUAD) and SPDR S&P Global Infrastructure ETF (GII). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EUAD achieves a -4.49% return, which is significantly lower than GII's 6.75% return.

EUAD

• 1D: 0.00%
• 1M: -1.88%
• YTD: -4.49%
• 6M: -3.71%
• 1Y: -1.29%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GII

• 1D: -0.87%
• 1M: -2.02%
• YTD: 6.75%
• 6M: 7.80%
• 1Y: 13.78%
• 3Y*: 15.30%
• 5Y*: 9.70%
• 10Y*: 8.22%

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

EUAD vs. GII - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EUAD Select STOXX Europe Aerospace & Defense ETF	-4.49%	74.51%	-3.62%
GII SPDR S&P Global Infrastructure ETF	6.75%	21.79%	-3.18%

Correlation

The correlation between EUAD and GII is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (All Time) Calculated using the full available price history since Oct 23, 2024	0.26

EUAD vs. GII - Sectors Allocation Comparison

Sectors	EUAD	GII
Industrials	99.4%	27.6%
Healthcare	0.1%	-
Basic Materials	-	-
Communication Services	-	0.3%
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	20.7%
Financial Services	-	4.7%
Real Estate	-	0.1%
Technology	-	2.6%
Utilities	-	26.3%

Return for Risk

EUAD vs. GII — Risk / Return Rank

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

EUAD

EUAD Risk / Return Rank: 9
EUAD Sharpe Ratio Rank: 9
EUAD Sortino Ratio Rank: 9
EUAD Omega Ratio Rank: 9
EUAD Calmar Ratio Rank: 9
EUAD Martin Ratio Rank: 9

GII

GII Risk / Return Rank: 43
GII Sharpe Ratio Rank: 40
GII Sortino Ratio Rank: 39
GII Omega Ratio Rank: 39
GII Calmar Ratio Rank: 52
GII Martin Ratio Rank: 46

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.

EUAD vs. GII - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Select STOXX Europe Aerospace & Defense ETF (EUAD) and SPDR S&P Global Infrastructure ETF (GII). 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.

	EUAD	GII	Difference
Sharpe ratio: Return per unit of total volatility	-0.04	1.28	-1.33
Sortino ratio: Return per unit of downside risk	0.15	1.83	-1.69
Omega ratio: Gain probability vs. loss probability	1.02	1.23	-0.21
Calmar ratio: Return relative to maximum drawdown	-0.06	2.33	-2.39
Martin ratio: Return relative to average drawdown	-0.14	7.00	-7.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EUAD vs. GII - Sharpe Ratio Comparison

The current EUAD Sharpe Ratio is -0.04, which is lower than the GII Sharpe Ratio of 1.28. The chart below compares the historical Sharpe Ratios of EUAD and GII, 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

	EUAD	GII	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.04	1.28	-1.33
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.69	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.48	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.15	0.28	+0.87

Drawdowns

EUAD vs. GII - Drawdown Comparison

The maximum EUAD drawdown since its inception was -22.04%, smaller than the maximum GII drawdown of -50.98%. Use the drawdown chart below to compare losses from any high point for EUAD and GII.

Drawdown Indicators

	EUAD	GII	Difference
Max Drawdown Largest peak-to-trough decline	-22.04%	-50.98%	+28.94%
Max Drawdown (1Y) Largest decline over 1 year	-22.04%	-5.94%	-16.10%
Max Drawdown (3Y) Largest decline over 3 years	—	-14.31%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-20.67%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-42.84%	—
Current Drawdown Current decline from peak	-16.65%	-5.42%	-11.23%
Average Drawdown Average peak-to-trough decline	-5.70%	-11.51%	+5.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.14%	1.97%	+7.17%

Volatility

EUAD vs. GII - Volatility Comparison

Select STOXX Europe Aerospace & Defense ETF (EUAD) has a higher volatility of 9.32% compared to SPDR S&P Global Infrastructure ETF (GII) at 3.74%. This indicates that EUAD's price experiences larger fluctuations and is considered to be riskier than GII based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EUAD	GII	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.32%	3.74%	+5.58%
Volatility (6M) Calculated over the trailing 6-month period	24.23%	8.87%	+15.36%
Volatility (1Y) Calculated over the trailing 1-year period	29.23%	10.81%	+18.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.79%	14.11%	+15.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.79%	17.15%	+12.64%

EUAD vs. GII - Expense Ratio Comparison

EUAD has a 0.50% expense ratio, which is higher than GII's 0.40% expense ratio.

Dividends

EUAD vs. GII - Dividend Comparison

EUAD's dividend yield for the trailing twelve months is around 0.42%, less than GII's 2.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EUAD Select STOXX Europe Aerospace & Defense ETF	0.42%	0.40%	0.10%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GII SPDR S&P Global Infrastructure ETF	2.74%	3.17%	3.23%	3.70%	3.07%	2.37%	2.66%	3.39%	3.31%	3.38%	3.11%	3.54%

Frequently Asked Questions

Can I hold both EUAD and GII in my portfolio?

EUAD and GII have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EUAD or GII?

EUAD has higher volatility (9.32%) compared to GII (3.74%). In terms of maximum drawdown, EUAD dropped -22.04% vs GII's -50.98%.

Which ETF is better, EUAD or GII?

On 1-year performance, GII leads with 13.78% vs -1.29% for EUAD. On fees, GII is cheaper at 0.40% per year. On volatility, GII has been the lower-risk option at 3.74%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EUAD or GII?

Over the 1-year period, GII has performed better with a 13.78% return vs -1.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EUAD or GII?

GII is cheaper with a 0.40% expense ratio, compared with 0.50% for EUAD.

Which ETF pays a higher dividend yield, EUAD or GII?

GII has the higher dividend yield at 2.74%, compared with 0.42% for EUAD.

What is the main difference between EUAD and GII?

EUAD is categorized as Aerospace & Defense, while GII is Utilities Equities. EUAD tracks STOXX Europe Total Market Aerospace & Defense Index, while GII tracks S&P Global Infrastructure. They also come from different issuers: Select Funds and State Street. Their fees differ too: 0.50% for EUAD and 0.40% for GII.

Which has better risk-adjusted returns?

GII currently has the higher Sharpe Ratio (1.28 vs -0.04), 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.