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.
Key characteristics
| GMF | FEZ | |
|---|---|---|
| YTD Return | 8.98% | 12.01% |
| 1Y Return | 14.46% | 20.23% |
| 3Y Return (Ann) | -2.45% | 6.85% |
| 5Y Return (Ann) | 5.41% | 10.30% |
| 10Y Return (Ann) | 5.66% | 5.16% |
| Sharpe Ratio | 1.18 | 1.37 |
| Daily Std Dev | 14.23% | 15.21% |
| Max Drawdown | -67.18% | -64.21% |
| Current Drawdown | -18.32% | 0.00% |
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.
Performance
GMF vs. FEZ - Performance Comparison
In the year-to-date period, GMF achieves a 8.98% return, which is significantly lower than FEZ's 12.01% return. Over the past 10 years, GMF has outperformed FEZ with an annualized return of 5.66%, while FEZ has yielded a comparatively lower 5.16% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
GMF vs. FEZ - Expense Ratio Comparison
GMF has a 0.49% expense ratio, which is higher than FEZ's 0.29% expense ratio.
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 2.52%, more than FEZ's 2.40% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GMF SPDR S&P Emerging Asia Pacific ETF | 2.52% | 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 | 2.40% | 2.75% | 3.06% | 2.61% | 2.13% | 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 3.73% and 3.72%, 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.