GMWEX vs. SPY
Compare and contrast key facts about GuideMark World ex-US Fund (GMWEX) and State Street SPDR S&P 500 ETF (SPY).
GMWEX is managed by GuideMark. It was launched on Jun 29, 2001. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
GMWEX vs. SPY - Performance Comparison
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GMWEX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GMWEX GuideMark World ex-US Fund | -1.98% | 33.60% | 5.36% | 15.97% | -16.19% | 11.70% | 8.58% | 20.02% | -14.12% | 25.97% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, GMWEX achieves a -1.98% return, which is significantly higher than SPY's -4.37% return. Over the past 10 years, GMWEX has underperformed SPY with an annualized return of 8.05%, while SPY has yielded a comparatively higher 13.98% annualized return.
GMWEX
- 1D
- 0.17%
- 1M
- -9.45%
- YTD
- -1.98%
- 6M
- 3.25%
- 1Y
- 21.38%
- 3Y*
- 14.21%
- 5Y*
- 7.66%
- 10Y*
- 8.05%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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GMWEX vs. SPY - Expense Ratio Comparison
GMWEX has a 1.15% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
GMWEX vs. SPY — Risk / Return Rank
GMWEX
SPY
GMWEX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GuideMark World ex-US Fund (GMWEX) and State Street SPDR S&P 500 ETF (SPY). 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.
| GMWEX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.26 | 0.93 | +0.34 |
Sortino ratioReturn per unit of downside risk | 1.75 | 1.45 | +0.30 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.22 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.86 | 1.53 | +0.33 |
Martin ratioReturn relative to average drawdown | 7.31 | 7.30 | +0.01 |
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
| GMWEX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 0.93 | +0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.69 | -0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.78 | -0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.13 | 0.56 | -0.43 |
Correlation
The correlation between GMWEX and SPY is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
GMWEX vs. SPY - Dividend Comparison
GMWEX's dividend yield for the trailing twelve months is around 14.94%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GMWEX GuideMark World ex-US Fund | 14.94% | 14.64% | 2.94% | 3.43% | 3.11% | 1.08% | 2.01% | 1.66% | 1.61% | 1.43% | 1.86% | 2.70% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
GMWEX vs. SPY - Drawdown Comparison
The maximum GMWEX drawdown since its inception was -70.00%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for GMWEX and SPY.
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Drawdown Indicators
| GMWEX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.00% | -55.19% | -14.81% |
Max Drawdown (1Y)Largest decline over 1 year | -10.42% | -12.05% | +1.63% |
Max Drawdown (5Y)Largest decline over 5 years | -31.28% | -24.50% | -6.78% |
Max Drawdown (10Y)Largest decline over 10 years | -35.51% | -33.72% | -1.79% |
Current DrawdownCurrent decline from peak | -9.66% | -6.24% | -3.42% |
Average DrawdownAverage peak-to-trough decline | -31.22% | -9.09% | -22.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.65% | 2.52% | +0.13% |
Volatility
GMWEX vs. SPY - Volatility Comparison
GuideMark World ex-US Fund (GMWEX) has a higher volatility of 6.78% compared to State Street SPDR S&P 500 ETF (SPY) at 5.31%. This indicates that GMWEX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GMWEX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.78% | 5.31% | +1.47% |
Volatility (6M)Calculated over the trailing 6-month period | 10.37% | 9.47% | +0.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.24% | 19.05% | -2.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.49% | 17.06% | -1.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.15% | 17.92% | -1.77% |