GMWEX vs. SPY
Compare and contrast key facts about GuideMark World ex-US Fund (GMWEX) and 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GMWEX or SPY.
Key characteristics
GMWEX | SPY | |
---|---|---|
YTD Return | 11.92% | 20.68% |
1Y Return | 20.01% | 33.51% |
3Y Return (Ann) | 2.91% | 11.08% |
5Y Return (Ann) | 7.05% | 15.56% |
10Y Return (Ann) | 4.55% | 13.12% |
Sharpe Ratio | 1.42 | 2.47 |
Daily Std Dev | 12.91% | 12.66% |
Max Drawdown | -63.71% | -55.19% |
Current Drawdown | -0.94% | -0.17% |
Correlation
The correlation between GMWEX and SPY is 0.79, 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.
Performance
GMWEX vs. SPY - Performance Comparison
In the year-to-date period, GMWEX achieves a 11.92% return, which is significantly lower than SPY's 20.68% return. Over the past 10 years, GMWEX has underperformed SPY with an annualized return of 4.55%, while SPY has yielded a comparatively higher 13.12% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
Risk-Adjusted Performance
GMWEX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GuideMark World ex-US Fund (GMWEX) and 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.
Dividends
GMWEX vs. SPY - Dividend Comparison
GMWEX's dividend yield for the trailing twelve months is around 3.06%, more than SPY's 1.23% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
GuideMark World ex-US Fund | 3.06% | 3.43% | 3.12% | 1.08% | 2.01% | 1.66% | 1.61% | 1.43% | 1.86% | 2.70% | 1.50% | 0.93% |
SPDR S&P 500 ETF | 1.23% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
GMWEX vs. SPY - Drawdown Comparison
The maximum GMWEX drawdown since its inception was -63.71%, 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. For additional features, visit the drawdowns tool.
Volatility
GMWEX vs. SPY - Volatility Comparison
GuideMark World ex-US Fund (GMWEX) has a higher volatility of 4.44% compared to SPDR S&P 500 ETF (SPY) at 4.19%. 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.