GMF vs. FEZ
Compare and contrast key facts about SPDR S&P Emerging Asia Pacific ETF (GMF) and SPDR EURO STOXX 50 ETF (FEZ).
GMF and FEZ 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. FEZ is a passively managed fund by State Street that tracks the performance of the EURO STOXX 50 Index. It was launched on Oct 21, 2002. Both GMF and FEZ 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: GMF or FEZ.
Performance
GMF vs. FEZ - Performance Comparison
Returns By Period
In the year-to-date period, GMF achieves a 16.22% return, which is significantly higher than FEZ's 3.64% return. Both investments have delivered pretty close results over the past 10 years, with GMF having a 5.42% annualized return and FEZ not far behind at 5.27%.
GMF
16.22%
-5.78%
4.63%
20.19%
5.82%
5.42%
FEZ
3.64%
-6.59%
-7.47%
9.57%
7.06%
5.27%
Key characteristics
| GMF | FEZ | |
|---|---|---|
| Sharpe Ratio | 1.27 | 0.69 |
| Sortino Ratio | 1.84 | 1.04 |
| Omega Ratio | 1.24 | 1.13 |
| Calmar Ratio | 0.71 | 1.00 |
| Martin Ratio | 6.15 | 3.01 |
| Ulcer Index | 3.37% | 3.65% |
| Daily Std Dev | 16.29% | 15.79% |
| Max Drawdown | -67.18% | -64.21% |
| Current Drawdown | -12.90% | -10.17% |
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GMF vs. FEZ - Expense Ratio Comparison
GMF has a 0.49% expense ratio, which is higher than FEZ's 0.29% expense ratio.
Correlation
The correlation between GMF and FEZ is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
GMF vs. FEZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Emerging Asia Pacific ETF (GMF) and SPDR EURO STOXX 50 ETF (FEZ). 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
GMF vs. FEZ - Dividend Comparison
GMF's dividend yield for the trailing twelve months is around 2.19%, less than FEZ's 2.85% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GMF SPDR S&P Emerging Asia Pacific ETF | 2.19% | 2.75% | 2.54% | 2.71% | 1.32% | 1.75% | 2.26% | 1.70% | 2.49% | 3.76% | 1.55% | 2.18% |
FEZ SPDR EURO STOXX 50 ETF | 2.85% | 2.75% | 3.05% | 2.61% | 2.12% | 2.61% | 3.45% | 2.44% | 3.35% | 3.03% | 3.78% | 2.72% |
Drawdowns
GMF vs. FEZ - Drawdown Comparison
The maximum GMF drawdown since its inception was -67.18%, roughly equal to the maximum FEZ drawdown of -64.21%. Use the drawdown chart below to compare losses from any high point for GMF and FEZ. For additional features, visit the drawdowns tool.
Volatility
GMF vs. FEZ - Volatility Comparison
SPDR S&P Emerging Asia Pacific ETF (GMF) and SPDR EURO STOXX 50 ETF (FEZ) have volatilities of 4.87% and 5.10%, 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.