GMF vs. BKF
Compare and contrast key facts about SPDR S&P Emerging Asia Pacific ETF (GMF) and iShares MSCI BRIC ETF (BKF).
GMF and BKF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GMF is a passively managed fund by State Street that tracks the performance of the S&P Asia Pacific Emerging BMI Index. It was launched on Mar 19, 2007. BKF is a passively managed fund by iShares that tracks the performance of the MSCI BRIC Index. It was launched on Nov 12, 2007. Both GMF and BKF are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
GMF vs. BKF - Performance Comparison
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GMF vs. BKF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GMF SPDR S&P Emerging Asia Pacific ETF | -1.51% | 21.99% | 16.55% | 8.20% | -18.99% | -1.93% | 24.96% | 19.92% | -14.25% | 41.71% |
BKF iShares MSCI BRIC ETF | -7.03% | 22.30% | 9.24% | 1.27% | -21.78% | -11.87% | 16.52% | 22.93% | -13.80% | 41.80% |
Returns By Period
In the year-to-date period, GMF achieves a -1.51% return, which is significantly higher than BKF's -7.03% return. Over the past 10 years, GMF has outperformed BKF with an annualized return of 8.58%, while BKF has yielded a comparatively lower 5.20% annualized return.
GMF
- 1D
- 0.39%
- 1M
- -6.80%
- YTD
- -1.51%
- 6M
- -1.80%
- 1Y
- 19.86%
- 3Y*
- 13.18%
- 5Y*
- 2.83%
- 10Y*
- 8.58%
BKF
- 1D
- 0.15%
- 1M
- -5.45%
- YTD
- -7.03%
- 6M
- -9.58%
- 1Y
- 3.79%
- 3Y*
- 7.55%
- 5Y*
- -3.21%
- 10Y*
- 5.20%
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GMF vs. BKF - Expense Ratio Comparison
GMF has a 0.49% expense ratio, which is lower than BKF's 0.69% expense ratio.
Return for Risk
GMF vs. BKF — Risk / Return Rank
GMF
BKF
GMF vs. BKF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Emerging Asia Pacific ETF (GMF) and iShares MSCI BRIC ETF (BKF). 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.
| GMF | BKF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.08 | 0.21 | +0.87 |
Sortino ratioReturn per unit of downside risk | 1.58 | 0.42 | +1.17 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.06 | +0.16 |
Calmar ratioReturn relative to maximum drawdown | 1.54 | 0.27 | +1.26 |
Martin ratioReturn relative to average drawdown | 5.75 | 0.93 | +4.83 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GMF | BKF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.08 | 0.21 | +0.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | -0.15 | +0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.24 | +0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.00 | +0.26 |
Correlation
The correlation between GMF and BKF is 0.91, 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.
Dividends
GMF vs. BKF - Dividend Comparison
GMF's dividend yield for the trailing twelve months is around 1.51%, less than BKF's 1.93% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GMF SPDR S&P Emerging Asia Pacific ETF | 1.51% | 1.49% | 1.92% | 2.75% | 2.54% | 2.71% | 1.32% | 1.75% | 2.26% | 1.70% | 2.49% | 3.76% |
BKF iShares MSCI BRIC ETF | 1.93% | 1.79% | 2.37% | 1.68% | 2.04% | 2.93% | 1.02% | 1.66% | 2.33% | 1.51% | 1.82% | 3.15% |
Drawdowns
GMF vs. BKF - Drawdown Comparison
The maximum GMF drawdown since its inception was -67.18%, roughly equal to the maximum BKF drawdown of -70.29%. Use the drawdown chart below to compare losses from any high point for GMF and BKF.
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Drawdown Indicators
| GMF | BKF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.18% | -70.29% | +3.11% |
Max Drawdown (1Y)Largest decline over 1 year | -13.03% | -13.43% | +0.40% |
Max Drawdown (5Y)Largest decline over 5 years | -36.10% | -44.98% | +8.88% |
Max Drawdown (10Y)Largest decline over 10 years | -40.18% | -49.20% | +9.02% |
Current DrawdownCurrent decline from peak | -9.81% | -24.71% | +14.90% |
Average DrawdownAverage peak-to-trough decline | -16.72% | -28.16% | +11.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.48% | 3.96% | -0.48% |
Volatility
GMF vs. BKF - Volatility Comparison
SPDR S&P Emerging Asia Pacific ETF (GMF) and iShares MSCI BRIC ETF (BKF) have volatilities of 6.79% and 6.74%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GMF | BKF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.79% | 6.74% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 12.55% | 11.53% | +1.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.54% | 18.02% | +0.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.36% | 21.47% | -3.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.12% | 21.79% | -2.67% |