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.
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
Key characteristics
GMWEX:
0.93
SPY:
0.54
GMWEX:
1.36
SPY:
0.90
GMWEX:
1.19
SPY:
1.13
GMWEX:
0.90
SPY:
0.58
GMWEX:
3.79
SPY:
2.32
GMWEX:
3.97%
SPY:
4.69%
GMWEX:
16.12%
SPY:
20.01%
GMWEX:
-69.44%
SPY:
-55.19%
GMWEX:
-2.37%
SPY:
-8.61%
Returns By Period
In the year-to-date period, GMWEX achieves a 13.02% return, which is significantly higher than SPY's -4.42% return. Over the past 10 years, GMWEX has underperformed SPY with an annualized return of 4.77%, while SPY has yielded a comparatively higher 12.16% annualized return.
GMWEX
13.02%
4.80%
9.78%
16.07%
11.72%
4.77%
SPY
-4.42%
-0.45%
-1.16%
13.04%
16.32%
12.16%
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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 Rank
GMWEX
SPY
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 2.60%, more than SPY's 1.28% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GMWEX GuideMark World ex-US Fund | 2.60% | 2.94% | 3.43% | 3.12% | 1.08% | 2.01% | 1.66% | 1.61% | 1.43% | 1.86% | 2.70% | 1.50% |
SPY SPDR S&P 500 ETF | 1.28% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
GMWEX vs. SPY - Drawdown Comparison
The maximum GMWEX drawdown since its inception was -69.44%, 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
The current volatility for GuideMark World ex-US Fund (GMWEX) is 10.34%, while SPDR S&P 500 ETF (SPY) has a volatility of 15.00%. This indicates that GMWEX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.