INKM vs. DGT

Last updated Jun 24, 2026

INKM (SPDR SSgA Income Allocation ETF) and DGT (State Street SPDR Global Dow ETF) are both Global Equities funds from State Street. INKM is actively managed, while DGT is passively managed. Over the past 10 years, INKM returned 5.70%/yr vs 14.42%/yr for DGT. A 0.75 correlation means they provide meaningful diversification when combined. Both charge a 0.50% expense ratio.

Performance

INKM vs. DGT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR SSgA Income Allocation ETF (INKM) and State Street SPDR Global Dow ETF (DGT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, INKM achieves a 5.85% return, which is significantly lower than DGT's 10.92% return. Over the past 10 years, INKM has underperformed DGT with an annualized return of 5.70%, while DGT has yielded a comparatively higher 14.42% annualized return.

INKM

• 1D: -0.06%
• 1M: 0.40%
• YTD: 5.85%
• 6M: 5.87%
• 1Y: 12.31%
• 3Y*: 10.08%
• 5Y*: 4.04%
• 10Y*: 5.70%

DGT

• 1D: -1.17%
• 1M: -1.23%
• YTD: 10.92%
• 6M: 10.57%
• 1Y: 28.50%
• 3Y*: 21.71%
• 5Y*: 13.70%
• 10Y*: 14.42%

*Multi-year figures are annualized to reflect compound growth (CAGR)

INKM vs. DGT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
INKM SPDR SSgA Income Allocation ETF	5.85%	11.86%	5.70%	10.26%	-12.58%	8.52%	3.11%	17.12%	-5.32%	13.95%
DGT State Street SPDR Global Dow ETF	10.92%	30.04%	14.15%	20.95%	-8.00%	21.50%	9.67%	22.19%	-9.65%	24.87%

Correlation

The correlation between INKM and DGT is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.77
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (10Y) Calculated over the trailing 10-year period	0.76
Correlation (All Time) Calculated using the full available price history since Apr 26, 2012	0.75

The correlation between INKM and DGT has been stable across timeframes, ranging from 0.75 to 0.81 - a consistent structural relationship.

Return for Risk

INKM vs. DGT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

INKM

INKM Risk / Return Rank: 65
INKM Sharpe Ratio Rank: 68
INKM Sortino Ratio Rank: 68
INKM Omega Ratio Rank: 69
INKM Calmar Ratio Rank: 59
INKM Martin Ratio Rank: 63

DGT

DGT Risk / Return Rank: 75
DGT Sharpe Ratio Rank: 76
DGT Sortino Ratio Rank: 75
DGT Omega Ratio Rank: 76
DGT Calmar Ratio Rank: 71
DGT Martin Ratio Rank: 76

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

INKM vs. DGT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR SSgA Income Allocation ETF (INKM) and State Street SPDR Global Dow ETF (DGT). 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.

	INKM	DGT	Difference
Sharpe ratio: Return per unit of total volatility	2.03	2.29	-0.26
Sortino ratio: Return per unit of downside risk	2.88	3.17	-0.29
Omega ratio: Gain probability vs. loss probability	1.38	1.42	-0.04
Calmar ratio: Return relative to maximum drawdown	2.72	3.41	-0.70
Martin ratio: Return relative to average drawdown	10.66	13.69	-3.03

INKM vs. DGT - Sharpe Ratio Comparison

The current INKM Sharpe Ratio is 2.03, which is comparable to the DGT Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of INKM and DGT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

INKM vs. DGT - Drawdown Comparison

The maximum INKM drawdown since its inception was -28.58%, smaller than the maximum DGT drawdown of -55.36%. Use the drawdown chart below to compare losses from any high point for INKM and DGT.

Drawdown Indicators

	INKM	DGT	Difference
Max Drawdown Largest peak-to-trough decline	-28.58%	-55.36%	+26.78%
Max Drawdown (1Y) Largest decline over 1 year	-4.55%	-8.38%	+3.83%
Max Drawdown (3Y) Largest decline over 3 years	-9.25%	-14.67%	+5.42%
Max Drawdown (5Y) Largest decline over 5 years	-19.18%	-25.18%	+6.00%
Max Drawdown (10Y) Largest decline over 10 years	-28.58%	-34.40%	+5.82%
Current Drawdown Current decline from peak	-0.74%	-2.39%	+1.65%
Average Drawdown Average peak-to-trough decline	-3.68%	-13.80%	+10.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.16%	2.09%	-0.93%

Volatility

INKM vs. DGT - Volatility Comparison

The current volatility for SPDR SSgA Income Allocation ETF (INKM) is 1.83%, while State Street SPDR Global Dow ETF (DGT) has a volatility of 4.33%. This indicates that INKM experiences smaller price fluctuations and is considered to be less risky than DGT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	INKM	DGT	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.83%	4.33%	-2.50%
Volatility (6M) Calculated over the trailing 6-month period	4.78%	10.27%	-5.49%
Volatility (1Y) Calculated over the trailing 1-year period	6.11%	12.51%	-6.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.32%	15.23%	-6.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.77%	16.84%	-7.07%

INKM vs. DGT - Expense Ratio Comparison

Both INKM and DGT have an expense ratio of 0.50%.

Dividends

INKM vs. DGT - Dividend Comparison

INKM's dividend yield for the trailing twelve months is around 4.85%, more than DGT's 2.53% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DGT State Street SPDR Global Dow ETF	2.53%	2.78%	2.83%	2.53%	3.15%	2.66%	1.97%	2.76%	2.50%	1.93%	2.31%	2.37%
INKM SPDR SSgA Income Allocation ETF	4.85%	5.82%	4.83%	4.56%	5.03%	3.74%	3.88%	4.38%	4.08%	3.10%	3.39%	3.45%

Frequently Asked Questions

Can I hold both INKM and DGT in my portfolio?

INKM and DGT have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, INKM or DGT?

DGT has higher volatility (4.33%) compared to INKM (1.83%). In terms of maximum drawdown, INKM dropped -28.58% vs DGT's -55.36%.

Which ETF is better, INKM or DGT?

On 10-year performance, DGT leads with 14.42% vs 5.70% for INKM. Both ETFs have the same 0.50% expense ratio. On volatility, INKM has been the lower-risk option at 1.83%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, INKM or DGT?

Over the 10-year period, DGT has performed better with a 14.42% return vs 5.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, INKM or DGT?

INKM and DGT have the same expense ratio: 0.50% per year.

Which ETF pays a higher dividend yield, INKM or DGT?

INKM has the higher dividend yield at 4.85%, compared with 2.53% for DGT.

Which has better risk-adjusted returns?

DGT currently has the higher Sharpe Ratio (2.29 vs 2.03), 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.