GGME vs. SPY
Compare and contrast key facts about Invesco Next Gen Media and Gaming ETF (GGME) and SPDR S&P 500 ETF (SPY).
GGME and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GGME is a passively managed fund by Invesco that tracks the performance of the STOXX World AC NexGen Media Index - Benchmark TR Gross. It was launched on Jun 23, 2005. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both GGME and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GGME or SPY.
Correlation
The correlation between GGME and SPY is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
GGME vs. SPY - Performance Comparison
Key characteristics
GGME:
1.72
SPY:
1.75
GGME:
2.37
SPY:
2.36
GGME:
1.30
SPY:
1.32
GGME:
1.26
SPY:
2.66
GGME:
9.22
SPY:
11.01
GGME:
3.90%
SPY:
2.03%
GGME:
20.97%
SPY:
12.77%
GGME:
-69.13%
SPY:
-55.19%
GGME:
-2.89%
SPY:
-2.12%
Returns By Period
In the year-to-date period, GGME achieves a 9.02% return, which is significantly higher than SPY's 2.36% return. Over the past 10 years, GGME has underperformed SPY with an annualized return of 8.45%, while SPY has yielded a comparatively higher 12.96% annualized return.
GGME
9.02%
4.76%
16.59%
31.21%
10.68%
8.45%
SPY
2.36%
-1.07%
7.41%
19.73%
14.21%
12.96%
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GGME vs. SPY - Expense Ratio Comparison
GGME has a 0.60% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
GGME vs. SPY — Risk-Adjusted Performance Rank
GGME
SPY
GGME vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Next Gen Media and Gaming ETF (GGME) and SPDR S&P 500 ETF (SPY). 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.
Dividends
GGME vs. SPY - Dividend Comparison
GGME's dividend yield for the trailing twelve months is around 0.08%, less than SPY's 1.18% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GGME Invesco Next Gen Media and Gaming ETF | 0.08% | 0.08% | 2.31% | 0.76% | 0.39% | 0.30% | 0.42% | 0.93% | 0.33% | 0.16% | 1.12% | 0.50% |
SPY SPDR S&P 500 ETF | 1.18% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
GGME vs. SPY - Drawdown Comparison
The maximum GGME drawdown since its inception was -69.13%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for GGME and SPY. For additional features, visit the drawdowns tool.
Volatility
GGME vs. SPY - Volatility Comparison
Invesco Next Gen Media and Gaming ETF (GGME) has a higher volatility of 4.91% compared to SPDR S&P 500 ETF (SPY) at 3.38%. This indicates that GGME's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.