GMF vs. MGK
Compare and contrast key facts about SPDR S&P Emerging Asia Pacific ETF (GMF) and Vanguard Mega Cap Growth ETF (MGK).
GMF and MGK 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. MGK is a passively managed fund by Vanguard that tracks the performance of the MSCI US Large Cap Growth Index. It was launched on Dec 17, 2007. Both GMF and MGK 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 MGK.
Performance
GMF vs. MGK - Performance Comparison
Returns By Period
In the year-to-date period, GMF achieves a 16.22% return, which is significantly lower than MGK's 28.55% return. Over the past 10 years, GMF has underperformed MGK with an annualized return of 5.42%, while MGK has yielded a comparatively higher 16.20% annualized return.
GMF
16.22%
-5.78%
4.63%
20.19%
5.82%
5.42%
MGK
28.55%
1.46%
13.71%
34.90%
19.76%
16.20%
Key characteristics
| GMF | MGK | |
|---|---|---|
| Sharpe Ratio | 1.27 | 2.00 |
| Sortino Ratio | 1.84 | 2.63 |
| Omega Ratio | 1.24 | 1.36 |
| Calmar Ratio | 0.71 | 2.55 |
| Martin Ratio | 6.15 | 9.71 |
| Ulcer Index | 3.37% | 3.57% |
| Daily Std Dev | 16.29% | 17.35% |
| Max Drawdown | -67.18% | -48.36% |
| Current Drawdown | -12.90% | -2.35% |
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GMF vs. MGK - Expense Ratio Comparison
GMF has a 0.49% expense ratio, which is higher than MGK's 0.07% expense ratio.
Correlation
The correlation between GMF and MGK 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. MGK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Emerging Asia Pacific ETF (GMF) and Vanguard Mega Cap Growth ETF (MGK). 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. MGK - Dividend Comparison
GMF's dividend yield for the trailing twelve months is around 2.19%, more than MGK's 0.43% 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% |
MGK Vanguard Mega Cap Growth ETF | 0.43% | 0.50% | 0.70% | 0.41% | 0.65% | 0.85% | 1.12% | 1.23% | 1.53% | 1.43% | 1.25% | 1.29% |
Drawdowns
GMF vs. MGK - Drawdown Comparison
The maximum GMF drawdown since its inception was -67.18%, which is greater than MGK's maximum drawdown of -48.36%. Use the drawdown chart below to compare losses from any high point for GMF and MGK. For additional features, visit the drawdowns tool.
Volatility
GMF vs. MGK - Volatility Comparison
The current volatility for SPDR S&P Emerging Asia Pacific ETF (GMF) is 4.87%, while Vanguard Mega Cap Growth ETF (MGK) has a volatility of 5.62%. This indicates that GMF experiences smaller price fluctuations and is considered to be less risky than MGK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.