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.
Performance
GMF vs. FEZ - Performance Comparison
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GMF vs. FEZ - 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% |
FEZ SPDR EURO STOXX 50 ETF | -1.95% | 37.81% | 3.57% | 27.16% | -14.27% | 14.84% | 4.84% | 26.04% | -15.85% | 24.80% |
Returns By Period
In the year-to-date period, GMF achieves a -1.51% return, which is significantly higher than FEZ's -1.95% return. Over the past 10 years, GMF has underperformed FEZ with an annualized return of 8.58%, while FEZ has yielded a comparatively higher 9.85% 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%
FEZ
- 1D
- 1.55%
- 1M
- -5.13%
- YTD
- -1.95%
- 6M
- 1.21%
- 1Y
- 18.81%
- 3Y*
- 15.20%
- 5Y*
- 10.04%
- 10Y*
- 9.85%
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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.
Return for Risk
GMF vs. FEZ — Risk / Return Rank
GMF
FEZ
GMF vs. FEZ - Risk-Adjusted Trends 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.
| GMF | FEZ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.08 | 0.95 | +0.13 |
Sortino ratioReturn per unit of downside risk | 1.58 | 1.45 | +0.13 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.19 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.54 | 1.41 | +0.12 |
Martin ratioReturn relative to average drawdown | 5.75 | 5.18 | +0.58 |
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 | FEZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.08 | 0.95 | +0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.50 | -0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.47 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.29 | -0.02 |
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.
Dividends
GMF vs. FEZ - Dividend Comparison
GMF's dividend yield for the trailing twelve months is around 1.51%, less than FEZ's 2.76% 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% |
FEZ SPDR EURO STOXX 50 ETF | 2.76% | 2.78% | 2.94% | 2.75% | 3.06% | 2.61% | 2.13% | 2.61% | 3.45% | 2.44% | 3.35% | 3.03% |
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.
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Drawdown Indicators
| GMF | FEZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.18% | -64.21% | -2.97% |
Max Drawdown (1Y)Largest decline over 1 year | -13.03% | -13.63% | +0.60% |
Max Drawdown (5Y)Largest decline over 5 years | -36.10% | -35.05% | -1.05% |
Max Drawdown (10Y)Largest decline over 10 years | -40.18% | -39.69% | -0.49% |
Current DrawdownCurrent decline from peak | -9.81% | -8.95% | -0.86% |
Average DrawdownAverage peak-to-trough decline | -16.72% | -17.17% | +0.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.48% | 3.72% | -0.24% |
Volatility
GMF vs. FEZ - Volatility Comparison
The current volatility for SPDR S&P Emerging Asia Pacific ETF (GMF) is 6.79%, while SPDR EURO STOXX 50 ETF (FEZ) has a volatility of 8.35%. This indicates that GMF experiences smaller price fluctuations and is considered to be less risky than FEZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GMF | FEZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.79% | 8.35% | -1.56% |
Volatility (6M)Calculated over the trailing 6-month period | 12.55% | 12.66% | -0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.54% | 19.96% | -1.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.36% | 20.37% | -2.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.12% | 21.01% | -1.89% |