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PAWZ vs. SPGM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PAWZ vs. SPGM

Last updated Jun 17, 2026

PAWZ (ProShares Pet Care ETF) and SPGM (SPDR Portfolio MSCI Global Stock Market ETF) are both Global Equities funds - PAWZ tracks the FactSet Pet Care Index while SPGM tracks the MSCI ACWI IMI Index. Both are passively managed. Over the past 5 years, PAWZ returned -9.14%/yr vs 11.68%/yr for SPGM. A 0.71 correlation means they provide meaningful diversification when combined. PAWZ charges 0.50%/yr vs 0.09%/yr for SPGM.

Performance

PAWZ vs. SPGM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Pet Care ETF (PAWZ) and SPDR Portfolio MSCI Global Stock Market ETF (SPGM). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, PAWZ achieves a -11.47% return, which is significantly lower than SPGM's 12.98% return.

PAWZ

1D
-0.01%
1M
4.84%
YTD
-11.47%
6M
-11.85%
1Y
-15.91%
3Y*
-1.31%
5Y*
-9.14%
10Y*
—

SPGM

1D
-0.45%
1M
3.08%
YTD
12.98%
6M
13.87%
1Y
30.16%
3Y*
20.24%
5Y*
11.68%
10Y*
13.17%
*Multi-year figures are annualized to reflect compound growth (CAGR)

PAWZ vs. SPGM - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
PAWZ
ProShares Pet Care ETF		-11.47%1.21%3.88%12.47%-40.08%10.46%61.69%22.95%-8.52%
SPGM
SPDR Portfolio MSCI Global Stock Market ETF		12.98%23.62%16.75%21.34%-17.53%21.13%15.28%26.58%-7.86%

Correlation

The correlation between PAWZ and SPGM is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.54

Correlation (3Y)
Calculated over the trailing 3-year period

0.63

Correlation (5Y)
Calculated over the trailing 5-year period

0.72

Correlation (All Time)
Calculated using the full available price history since Nov 6, 2018

0.71

The correlation between PAWZ and SPGM shifts across timeframes, from 0.54 (1 year) to 0.72 (5 years), reflecting how their relationship changes across market environments.

PAWZ vs. SPGM - Sectors Allocation Comparison

Sectors
PAWZ
SPGM

Healthcare

32.6%
7.9%

Consumer Defensive

16.3%
4.5%

Consumer Cyclical

12.5%
9.0%

Basic Materials

5.0%
3.8%

Technology

4.2%
30.7%

Financial Services

4.1%
15.7%

Communication Services

-

8.2%

Energy

-

4.0%

Industrials

-

12.5%

Real Estate

-

1.8%

Utilities

-

2.0%

Healthcare

PAWZ
32.6%
SPGM
7.9%

Consumer Defensive

PAWZ
16.3%
SPGM
4.5%

Consumer Cyclical

PAWZ
12.5%
SPGM
9.0%

Basic Materials

PAWZ
5.0%
SPGM
3.8%

Technology

PAWZ
4.2%
SPGM
30.7%

Financial Services

PAWZ
4.1%
SPGM
15.7%

Communication Services

PAWZ

-

SPGM
8.2%

Energy

PAWZ

-

SPGM
4.0%

Industrials

PAWZ

-

SPGM
12.5%

Real Estate

PAWZ

-

SPGM
1.8%

Utilities

PAWZ

-

SPGM
2.0%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

ProShares Pet Care ETF

SPDR Portfolio MSCI Global Stock Market ETF

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Often compared with SPGM:
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Return for Risk

PAWZ vs. SPGM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PAWZ
PAWZ Risk / Return Rank: 22
Overall Rank
PAWZ Sharpe Ratio Rank: 22
Sharpe Ratio Rank
PAWZ Sortino Ratio Rank: 22
Sortino Ratio Rank
PAWZ Omega Ratio Rank: 22
Omega Ratio Rank
PAWZ Calmar Ratio Rank: 33
Calmar Ratio Rank
PAWZ Martin Ratio Rank: 00
Martin Ratio Rank
SPGM
SPGM Risk / Return Rank: 7272
Overall Rank
SPGM Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
SPGM Sortino Ratio Rank: 7070
Sortino Ratio Rank
SPGM Omega Ratio Rank: 7373
Omega Ratio Rank
SPGM Calmar Ratio Rank: 6666
Calmar Ratio Rank
SPGM Martin Ratio Rank: 7777
Martin Ratio Rank
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.

PAWZ vs. SPGM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Pet Care ETF (PAWZ) 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.

PAWZSPGMDifference
Sharpe ratioReturn per unit of total volatility
-0.97
2.23

-3.20

Sortino ratioReturn per unit of downside risk
-1.34
3.02

-4.36

Omega ratioGain probability vs. loss probability

0.85

1.41

-0.55

Calmar ratioReturn relative to maximum drawdown

-0.75

3.19

-3.94

Martin ratioReturn relative to average drawdown

-1.77

14.08

-15.85

PAWZ vs. SPGM - Sharpe Ratio Comparison

The current PAWZ Sharpe Ratio is -0.97, which is lower than the SPGM Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of PAWZ and SPGM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

PAWZ vs. SPGM - Drawdown Comparison

The maximum PAWZ drawdown since its inception was -50.07%, which is greater than SPGM's maximum drawdown of -33.97%. Use the drawdown chart below to compare losses from any high point for PAWZ and SPGM.

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Drawdown Indicators

PAWZSPGMDifference

Max Drawdown

Largest peak-to-trough decline

-50.07%

-33.97%

-16.10%

Max Drawdown (1Y)

Largest decline over 1 year

-21.26%

-9.50%

-11.76%

Max Drawdown (3Y)

Largest decline over 3 years

-23.12%

-16.90%

-6.22%

Max Drawdown (5Y)

Largest decline over 5 years

-50.07%

-25.93%

-24.14%

Max Drawdown (10Y)

Largest decline over 10 years

—

-33.97%

—

Current Drawdown

Current decline from peak

-41.10%

-0.77%

-40.33%

Average Drawdown

Average peak-to-trough decline

-22.64%

-4.80%

-17.84%

Ulcer Index

Depth and duration of drawdowns from previous peaks

8.99%

2.15%

+6.84%

Volatility

PAWZ vs. SPGM - Volatility Comparison

The current volatility for ProShares Pet Care ETF (PAWZ) is 3.76%, while SPDR Portfolio MSCI Global Stock Market ETF (SPGM) has a volatility of 5.29%. This indicates that PAWZ experiences smaller price fluctuations and is considered to be less risky than SPGM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PAWZSPGMDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.76%

5.29%

-1.53%

Volatility (6M)

Calculated over the trailing 6-month period

11.44%

11.26%

+0.18%

Volatility (1Y)

Calculated over the trailing 1-year period

16.53%

13.60%

+2.93%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.19%

16.15%

+4.04%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.64%

17.61%

+4.03%

PAWZ vs. SPGM - Expense Ratio Comparison

PAWZ has a 0.50% expense ratio, which is higher than SPGM's 0.09% expense ratio.

Dividends

PAWZ vs. SPGM - Dividend Comparison

PAWZ's dividend yield for the trailing twelve months is around 0.86%, less than SPGM's 1.79% yield.

PositionTTM20252024202320222021202020192018201720162015
PAWZ
ProShares Pet Care ETF		0.86%0.81%0.63%0.44%0.54%0.18%0.14%0.35%0.07%0.00%0.00%0.00%
SPGM
SPDR Portfolio MSCI Global Stock Market ETF		1.79%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

PAWZ and SPGM have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SPGM has higher volatility (5.29%) compared to PAWZ (3.76%). In terms of maximum drawdown, PAWZ dropped -50.07% vs SPGM's -33.97%.

On 5-year performance, SPGM leads with 11.68% vs -9.14% for PAWZ. On fees, SPGM is cheaper at 0.09% per year. On volatility, PAWZ has been the lower-risk option at 3.76%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, SPGM has performed better with a 11.68% return vs -9.14%. 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 0.50% for PAWZ.

SPGM has the higher dividend yield at 1.79%, compared with 0.86% for PAWZ.

PAWZ tracks FactSet Pet Care Index, while SPGM tracks MSCI ACWI IMI Index. They also come from different issuers: ProShares and State Street. Their fees differ too: 0.50% for PAWZ and 0.09% for SPGM.

SPGM currently has the higher Sharpe Ratio (2.23 vs -0.97), 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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