GMF vs. INCO
Compare and contrast key facts about SPDR S&P Emerging Asia Pacific ETF (GMF) and Columbia India Consumer ETF (INCO).
GMF and INCO 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. INCO is a passively managed fund by Ameriprise Financial that tracks the performance of the Indxx India Consumer Index. It was launched on Aug 10, 2011. Both GMF and INCO 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 INCO.
Performance
GMF vs. INCO - Performance Comparison
Returns By Period
In the year-to-date period, GMF achieves a 16.22% return, which is significantly higher than INCO's 13.66% return. Over the past 10 years, GMF has underperformed INCO with an annualized return of 5.42%, while INCO has yielded a comparatively higher 9.65% annualized return.
GMF
16.22%
-5.78%
4.63%
20.19%
5.82%
5.42%
INCO
13.66%
-7.09%
0.19%
23.48%
14.53%
9.65%
Key characteristics
| GMF | INCO | |
|---|---|---|
| Sharpe Ratio | 1.27 | 1.81 |
| Sortino Ratio | 1.84 | 2.61 |
| Omega Ratio | 1.24 | 1.31 |
| Calmar Ratio | 0.71 | 1.61 |
| Martin Ratio | 6.15 | 6.29 |
| Ulcer Index | 3.37% | 3.93% |
| Daily Std Dev | 16.29% | 13.65% |
| Max Drawdown | -67.18% | -47.69% |
| Current Drawdown | -12.90% | -14.62% |
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GMF vs. INCO - Expense Ratio Comparison
GMF has a 0.49% expense ratio, which is lower than INCO's 0.75% expense ratio.
Correlation
The correlation between GMF and INCO is 0.57, 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. INCO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Emerging Asia Pacific ETF (GMF) and Columbia India Consumer ETF (INCO). 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. INCO - Dividend Comparison
GMF's dividend yield for the trailing twelve months is around 2.19%, less than INCO's 3.35% 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% |
INCO Columbia India Consumer ETF | 3.35% | 3.81% | 10.57% | 6.25% | 0.34% | 0.28% | 0.12% | 0.05% | 0.09% | 0.00% | 0.08% | 0.00% |
Drawdowns
GMF vs. INCO - Drawdown Comparison
The maximum GMF drawdown since its inception was -67.18%, which is greater than INCO's maximum drawdown of -47.69%. Use the drawdown chart below to compare losses from any high point for GMF and INCO. For additional features, visit the drawdowns tool.
Volatility
GMF vs. INCO - Volatility Comparison
SPDR S&P Emerging Asia Pacific ETF (GMF) has a higher volatility of 4.87% compared to Columbia India Consumer ETF (INCO) at 3.14%. This indicates that GMF's price experiences larger fluctuations and is considered to be riskier than INCO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.