GXUS vs. SPGM
GXUS (Goldman Sachs MarketBeta(R) Total International Equity ETF) and SPGM (SPDR Portfolio MSCI Global Stock Market ETF) are both exchange-traded funds - GXUS is a Foreign Large Cap Equities fund tracking the Solactive GBS Global Markets ex United States Large & Mid Cap Index - Benchmark TR Net, while SPGM is a Global Equities fund tracking the MSCI ACWI IMI Index. Both are passively managed. Over the past 3 years, GXUS returned 18.76%/yr vs 20.67%/yr for SPGM. Their correlation of 0.85 means they have usually moved in the same direction. GXUS charges 0.18%/yr vs 0.09%/yr for SPGM.
Performance
GXUS vs. SPGM - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GXUS achieves a 16.78% return, which is significantly higher than SPGM's 15.04% return.
GXUS
- 1D
- 1.82%
- 1M
- 2.94%
- 6M
- 9.60%
- YTD
- 16.78%
- 1Y
- 29.85%
- 3Y*
- 18.76%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 18.42%
SPGM
- 1D
- 1.84%
- 1M
- 2.90%
- 6M
- 11.08%
- YTD
- 15.04%
- 1Y
- 27.20%
- 3Y*
- 20.67%
- 5Y*
- 11.53%
- 10Y*
- 12.78%
- ALL TIME*
- 11.44%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $81.19K | $314.40K | $132.80K | |
| $10.14M | $13.82M | $20.56M |
GXUS vs. SPGM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GXUS Goldman Sachs MarketBeta(R) Total International Equity ETF | 16.78% | 31.47% | 4.61% | 6.23% |
SPGM SPDR Portfolio MSCI Global Stock Market ETF | 15.04% | 23.62% | 16.75% | 9.66% |
Correlation
The correlation between GXUS and SPGM is 0.91, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.91 |
Correlation (3Y) Balances recent behavior with more history. | 0.85 |
Correlation (All Time) Calculated using the full available price history since Jun 7, 2023 | 0.85 |
The correlation between GXUS and SPGM has been stable across timeframes, ranging from 0.85 to 0.91 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GXUS vs. SPGM — Risk / Return Rank
GXUS
SPGM
GXUS vs. SPGM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs MarketBeta(R) Total International Equity ETF (GXUS) and SPDR Portfolio MSCI Global Stock Market ETF (SPGM). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GXUS | SPGM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.35 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.62 | 2.88 | -0.26 |
| Martin ratioReturn relative to average drawdown | 9.79 | 12.11 | -2.32 |
Loading charts...
Drawdowns
GXUS vs. SPGM - Drawdown Comparison
The maximum GXUS drawdown since its inception was -13.90%, smaller than the maximum SPGM drawdown of -33.97%. Use the drawdown chart below to compare losses from any high point for GXUS and SPGM.
Loading charts...
Drawdown Indicators
| GXUS | SPGM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.90% | -33.97% | +20.07% |
Max Drawdown (1Y)Largest decline over 1 year | -11.46% | -9.50% | -1.96% |
Max Drawdown (3Y)Largest decline over 3 years | -13.90% | -16.90% | +3.00% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.93% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.97% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -2.78% | -4.77% | +1.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.06% | 2.25% | +0.81% |
Volatility
GXUS vs. SPGM - Volatility Comparison
Goldman Sachs MarketBeta(R) Total International Equity ETF (GXUS) has a higher volatility of 5.19% compared to SPDR Portfolio MSCI Global Stock Market ETF (SPGM) at 4.34%. This indicates that GXUS's price experiences larger fluctuations and is considered to be riskier than SPGM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| GXUS | SPGM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.19% | 4.34% | +0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 15.23% | 11.88% | +3.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.15% | 14.13% | +3.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.59% | 16.21% | -0.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.59% | 17.34% | -1.75% |
GXUS vs. SPGM - Expense Ratio Comparison
GXUS has a 0.18% expense ratio, which is higher than SPGM's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
GXUS vs. SPGM - Dividend Comparison
GXUS's dividend yield for the trailing twelve months is around 2.25%, more than SPGM's 1.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GXUS Goldman Sachs MarketBeta(R) Total International Equity ETF | 2.25% | 2.66% | 2.87% | 1.28% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPGM SPDR Portfolio MSCI Global Stock Market ETF | 1.76% | 1.89% | 1.98% | 2.09% | 2.37% | 1.94% | 1.45% | 2.46% | 1.89% | 2.29% | 1.87% | 3.70% |
Frequently Asked Questions
With a correlation of 0.91, GXUS and SPGM move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
GXUS has higher volatility (5.19%) compared to SPGM (4.34%). In terms of maximum drawdown, GXUS dropped -13.90% vs SPGM's -33.97%.
On 3-year performance, SPGM leads with 20.67% vs 18.76% for GXUS. On fees, SPGM is cheaper at 0.09% per year. On volatility, SPGM has been the lower-risk option at 4.34%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, SPGM has performed better with a 20.67% return vs 18.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPGM is cheaper with a 0.09% expense ratio, compared with 0.18% for GXUS.
GXUS has the higher dividend yield at 2.25%, compared with 1.76% for SPGM.
GXUS is categorized as Foreign Large Cap Equities, while SPGM is Global Equities. GXUS tracks Solactive GBS Global Markets ex United States Large & Mid Cap Index - Benchmark TR Net, while SPGM tracks MSCI ACWI IMI Index. They also come from different issuers: Goldman Sachs and State Street. Their fees differ too: 0.18% for GXUS and 0.09% for SPGM.
SPGM currently has the higher Sharpe Ratio (1.94 vs 1.75), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for GXUS and SPGM
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer