RGEF vs. SPGM

Last updated Apr 16, 2026

RGEF (Rockefeller Global Equity ETF) and SPGM (SPDR Portfolio MSCI Global Stock Market ETF) are both Global Equities funds. RGEF is actively managed, while SPGM is passively managed. Over the past year, RGEF returned 34.99% vs 37.52% for SPGM. Their correlation of 0.95 suggests significant overlap in exposure. RGEF charges 0.55%/yr vs 0.09%/yr for SPGM.

Performance

RGEF vs. SPGM - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with RGEF having a 6.35% return and SPGM slightly lower at 6.06%.

RGEF

• 1D: 0.30%
• 1M: 5.84%
• YTD: 6.35%
• 6M: 10.35%
• 1Y: 34.99%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPGM

• 1D: 0.44%
• 1M: 5.58%
• YTD: 6.06%
• 6M: 9.49%
• 1Y: 37.52%
• 3Y*: 19.73%
• 5Y*: 10.57%
• 10Y*: 12.34%

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

RGEF vs. SPGM - Yearly Performance Comparison

	2026 (YTD)	2025	2024
RGEF Rockefeller Global Equity ETF	6.35%	25.37%	-1.25%
SPGM SPDR Portfolio MSCI Global Stock Market ETF	6.06%	23.62%	-0.85%

Correlation

The correlation between RGEF and SPGM is 0.94, 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	0.94
Correlation (All Time) Calculated using the full available price history since Oct 29, 2024	0.95

The correlation between RGEF and SPGM has been stable across timeframes, ranging from 0.94 to 0.95 — a consistent structural relationship.

Return for Risk

RGEF vs. SPGM — Risk / Return Rank

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

RGEF

RGEF Risk / Return Rank: 71
RGEF Sharpe Ratio Rank: 72
RGEF Sortino Ratio Rank: 73
RGEF Omega Ratio Rank: 71
RGEF Calmar Ratio Rank: 64
RGEF Martin Ratio Rank: 77

SPGM

SPGM Risk / Return Rank: 78
SPGM Sharpe Ratio Rank: 82
SPGM Sortino Ratio Rank: 81
SPGM Omega Ratio Rank: 81
SPGM Calmar Ratio Rank: 67
SPGM Martin Ratio Rank: 80

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.

RGEF vs. SPGM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rockefeller Global Equity ETF (RGEF) 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.

	RGEF	SPGM	Difference
Sharpe ratio Return per unit of total volatility	2.52	2.85	-0.33
Sortino ratio Return per unit of downside risk	3.52	3.89	-0.37
Omega ratio Gain probability vs. loss probability	1.45	1.53	-0.07
Calmar ratio Return relative to maximum drawdown	3.71	4.11	-0.40
Martin ratio Return relative to average drawdown	16.59	18.58	-1.99
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RGEF vs. SPGM - Sharpe Ratio Comparison

The current RGEF Sharpe Ratio is 2.52, which is comparable to the SPGM Sharpe Ratio of 2.85. The chart below compares the historical Sharpe Ratios of RGEF 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.

Sharpe Ratios by Period

	RGEF	SPGM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.52	2.85	-0.33
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.66	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.71	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.23	0.64	+0.60

Drawdowns

RGEF vs. SPGM - Drawdown Comparison

The maximum RGEF drawdown since its inception was -16.01%, smaller than the maximum SPGM drawdown of -33.97%. Use the drawdown chart below to compare losses from any high point for RGEF and SPGM.

Drawdown Indicators

	RGEF	SPGM	Difference
Max Drawdown Largest peak-to-trough decline	-16.01%	-33.97%	+17.96%
Max Drawdown (1Y) Largest decline over 1 year	-9.95%	-9.50%	-0.45%
Max Drawdown (5Y) Largest decline over 5 years	—	-25.93%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.97%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-1.91%	-4.85%	+2.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.22%	2.10%	+0.12%

Volatility

RGEF vs. SPGM - Volatility Comparison

Rockefeller Global Equity ETF (RGEF) and SPDR Portfolio MSCI Global Stock Market ETF (SPGM) have volatilities of 6.61% and 6.37%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RGEF	SPGM	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.61%	6.37%	+0.24%
Volatility (6M) Calculated over the trailing 6-month period	10.82%	10.27%	+0.55%
Volatility (1Y) Calculated over the trailing 1-year period	14.01%	13.30%	+0.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.98%	16.01%	+0.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.98%	17.56%	-0.58%

RGEF vs. SPGM - Expense Ratio Comparison

RGEF has a 0.55% expense ratio, which is higher than SPGM's 0.09% expense ratio.

Dividends

RGEF vs. SPGM - Dividend Comparison

RGEF's dividend yield for the trailing twelve months is around 0.94%, less than SPGM's 1.78% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RGEF Rockefeller Global Equity ETF	0.94%	0.92%	0.29%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPGM SPDR Portfolio MSCI Global Stock Market ETF	1.78%	1.89%	1.98%	2.09%	2.37%	1.94%	1.45%	2.46%	1.89%	2.29%	1.87%	3.70%