INKM vs. DGT
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 5.40%/yr vs 13.99%/yr for DGT. Their 0.75 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.50% expense ratio.
Performance
INKM vs. DGT - Performance Comparison
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Returns By Period
In the year-to-date period, INKM achieves a 7.48% return, which is significantly lower than DGT's 15.86% return. Over the past 10 years, INKM has underperformed DGT with an annualized return of 5.40%, while DGT has yielded a comparatively higher 13.99% annualized return.
INKM
- 1D
- 0.45%
- 1M
- 0.86%
- 6M
- 4.32%
- YTD
- 7.48%
- 1Y
- 11.85%
- 3Y*
- 10.14%
- 5Y*
- 4.34%
- 10Y*
- 5.40%
- ALL TIME*
- 5.34%
DGT
- 1D
- 1.53%
- 1M
- 3.48%
- 6M
- 10.12%
- YTD
- 15.86%
- 1Y
- 30.35%
- 3Y*
- 22.01%
- 5Y*
- 14.64%
- 10Y*
- 13.99%
- ALL TIME*
- 5.68%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.75M | $1.50M | $2.38M | |
| $356.13K | $216.66K | $250.22K |
INKM vs. DGT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
INKM SPDR SSgA Income Allocation ETF | 7.48% | 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 | 15.86% | 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 0.80, 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. | 0.80 |
Correlation (3Y) Balances recent behavior with more history. | 0.77 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.80 |
Correlation (10Y) Provides a long-term view across more market conditions. | 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 0.80 - a consistent structural relationship.
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Return for Risk
INKM vs. DGT — Risk / Return Rank
INKM
DGT
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 ratioReturn per unit of total volatility | -0.47 | ||
| Sortino ratioReturn per unit of downside risk | -0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.45 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.61 | 3.64 | -1.02 |
| Martin ratioReturn relative to average drawdown | 10.30 | 14.57 | -4.27 |
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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.
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Drawdown Indicators
| INKM | DGT | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 | -7.36% | -14.67% | +7.31% |
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 DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -3.65% | -13.75% | +10.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.15% | 2.09% | -0.94% |
Volatility
INKM vs. DGT - Volatility Comparison
The current volatility for SPDR SSgA Income Allocation ETF (INKM) is 1.28%, while State Street SPDR Global Dow ETF (DGT) has a volatility of 3.15%. 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.
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Volatility by Period
| INKM | DGT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.28% | 3.15% | -1.87% |
Volatility (6M)Calculated over the trailing 6-month period | 4.73% | 10.40% | -5.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.03% | 12.45% | -6.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.31% | 15.15% | -6.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.75% | 16.78% | -7.03% |
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 4.74%, more than DGT's 2.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGT State Street SPDR Global Dow ETF | 2.43% | 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 | 4.74% | 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
INKM and DGT have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DGT has higher volatility (3.15%) compared to INKM (1.28%). In terms of maximum drawdown, INKM dropped -28.58% vs DGT's -55.36%.
On 10-year performance, DGT leads with 13.99% vs 5.40% for INKM. Both ETFs have the same 0.50% expense ratio. On volatility, INKM has been the lower-risk option at 1.28%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, DGT has performed better with a 13.99% return vs 5.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
INKM and DGT have the same expense ratio: 0.50% per year.
INKM has the higher dividend yield at 4.74%, compared with 2.43% for DGT.
DGT currently has the higher Sharpe Ratio (2.46 vs 1.99), 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.
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