FICS vs. SPGM

Last updated Jun 4, 2026

FICS (First Trust International Developed Capital Strength ETF) and SPGM (SPDR Portfolio MSCI Global Stock Market ETF) are both Global Equities funds - FICS tracks the The International Developed Capital Strength Index while SPGM tracks the MSCI AC World IMI. Both are passively managed. Over the past 5 years, FICS returned 4.92%/yr vs 11.48%/yr for SPGM. A 0.74 correlation means they provide meaningful diversification when combined. FICS charges 0.70%/yr vs 0.09%/yr for SPGM.

Performance

FICS vs. SPGM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust International Developed Capital Strength ETF (FICS) 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, FICS achieves a 0.83% return, which is significantly lower than SPGM's 12.88% return.

FICS

• 1D: -0.83%
• 1M: 1.05%
• YTD: 0.83%
• 6M: 3.51%
• 1Y: 3.46%
• 3Y*: 9.67%
• 5Y*: 4.92%
• 10Y*: —

SPGM

• 1D: -0.87%
• 1M: 4.94%
• YTD: 12.88%
• 6M: 13.62%
• 1Y: 31.70%
• 3Y*: 21.46%
• 5Y*: 11.48%
• 10Y*: 12.95%

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

FICS vs. SPGM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
FICS First Trust International Developed Capital Strength ETF	0.83%	20.44%	2.59%	18.07%	-19.47%	19.78%	2.20%
SPGM SPDR Portfolio MSCI Global Stock Market ETF	12.88%	23.62%	16.75%	21.34%	-17.53%	21.13%	0.30%

Correlation

The correlation between FICS and SPGM is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.70
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (5Y) Calculated over the trailing 5-year period	0.75
Correlation (All Time) Calculated using the full available price history since Dec 17, 2020	0.74

The correlation between FICS and SPGM has been stable across timeframes, ranging from 0.70 to 0.75 - a consistent structural relationship.

FICS vs. SPGM - Sectors Allocation Comparison

Sectors	FICS	SPGM
Financial Services	28.5%	16.4%
Industrials	27.8%	13.1%
Consumer Defensive	14.2%	4.8%
Consumer Cyclical	10.0%	9.2%
Healthcare	9.7%	8.2%
Communication Services	4.0%	8.5%
Basic Materials	4.0%	3.9%
Energy	3.1%	4.5%
Technology	1.8%	27.4%
Real Estate	-	1.9%
Utilities	-	2.2%

Return for Risk

FICS vs. SPGM — Risk / Return Rank

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

FICS

FICS Risk / Return Rank: 12
FICS Sharpe Ratio Rank: 12
FICS Sortino Ratio Rank: 12
FICS Omega Ratio Rank: 12
FICS Calmar Ratio Rank: 13
FICS Martin Ratio Rank: 13

SPGM

SPGM Risk / Return Rank: 73
SPGM Sharpe Ratio Rank: 74
SPGM Sortino Ratio Rank: 73
SPGM Omega Ratio Rank: 74
SPGM Calmar Ratio Rank: 66
SPGM Martin Ratio Rank: 77

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.

FICS vs. SPGM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust International Developed Capital Strength ETF (FICS) 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.

	FICS	SPGM	Difference
Sharpe ratio: Return per unit of total volatility	0.26	2.47	-2.21
Sortino ratio: Return per unit of downside risk	0.47	3.39	-2.92
Omega ratio: Gain probability vs. loss probability	1.06	1.45	-0.39
Calmar ratio: Return relative to maximum drawdown	0.34	3.35	-3.01
Martin ratio: Return relative to average drawdown	0.97	15.14	-14.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FICS vs. SPGM - Sharpe Ratio Comparison

The current FICS Sharpe Ratio is 0.26, which is lower than the SPGM Sharpe Ratio of 2.47. The chart below compares the historical Sharpe Ratios of FICS and SPGM, 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

	FICS	SPGM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.26	2.47	-2.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.29	0.72	-0.43
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.74	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.66	-0.24

Drawdowns

FICS vs. SPGM - Drawdown Comparison

The maximum FICS drawdown since its inception was -29.16%, smaller than the maximum SPGM drawdown of -33.97%. Use the drawdown chart below to compare losses from any high point for FICS and SPGM.

Drawdown Indicators

	FICS	SPGM	Difference
Max Drawdown Largest peak-to-trough decline	-29.16%	-33.97%	+4.81%
Max Drawdown (1Y) Largest decline over 1 year	-10.32%	-9.50%	-0.82%
Max Drawdown (3Y) Largest decline over 3 years	-11.66%	-16.90%	+5.24%
Max Drawdown (5Y) Largest decline over 5 years	-29.16%	-25.93%	-3.23%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.97%	—
Current Drawdown Current decline from peak	-4.79%	-0.87%	-3.92%
Average Drawdown Average peak-to-trough decline	-7.21%	-4.81%	-2.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.60%	2.10%	+1.50%

Volatility

FICS vs. SPGM - Volatility Comparison

First Trust International Developed Capital Strength ETF (FICS) has a higher volatility of 4.53% compared to SPDR Portfolio MSCI Global Stock Market ETF (SPGM) at 3.92%. This indicates that FICS's price experiences larger fluctuations and is considered to be riskier than SPGM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FICS	SPGM	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.53%	3.92%	+0.61%
Volatility (6M) Calculated over the trailing 6-month period	10.73%	10.35%	+0.38%
Volatility (1Y) Calculated over the trailing 1-year period	13.26%	12.88%	+0.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.20%	16.03%	+1.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.94%	17.57%	-0.63%

FICS vs. SPGM - Expense Ratio Comparison

FICS has a 0.70% expense ratio, which is higher than SPGM's 0.09% expense ratio.

Dividends

FICS vs. SPGM - Dividend Comparison

FICS's dividend yield for the trailing twelve months is around 1.96%, more than SPGM's 1.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FICS First Trust International Developed Capital Strength ETF	1.96%	1.85%	2.01%	1.02%	1.89%	1.26%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPGM SPDR Portfolio MSCI Global Stock Market ETF	1.79%	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 FICS and SPGM in my portfolio?

FICS and SPGM have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FICS or SPGM?

FICS has higher volatility (4.53%) compared to SPGM (3.92%). In terms of maximum drawdown, FICS dropped -29.16% vs SPGM's -33.97%.

Which ETF is better, FICS or SPGM?

On 5-year performance, SPGM leads with 11.48% vs 4.92% for FICS. On fees, SPGM is cheaper at 0.09% per year. On volatility, SPGM has been the lower-risk option at 3.92%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FICS or SPGM?

Over the 5-year period, SPGM has performed better with a 11.48% return vs 4.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FICS or SPGM?

SPGM is cheaper with a 0.09% expense ratio, compared with 0.70% for FICS.

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

FICS has the higher dividend yield at 1.96%, compared with 1.79% for SPGM.

What is the main difference between FICS and SPGM?

FICS tracks The International Developed Capital Strength Index, while SPGM tracks MSCI AC World IMI. They also come from different issuers: First Trust and State Street. Their fees differ too: 0.70% for FICS and 0.09% for SPGM.

Which has better risk-adjusted returns?

SPGM currently has the higher Sharpe Ratio (2.47 vs 0.26), 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.