SPEU vs. GMF
Compare and contrast key facts about SPDR Portfolio Europe ETF (SPEU) and SPDR S&P Emerging Asia Pacific ETF (GMF).
SPEU and GMF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPEU is a passively managed fund by State Street that tracks the performance of the STOXX Europe Total Market. It was launched on Oct 15, 2002. GMF is a passively managed fund by State Street that tracks the performance of the S&P Asia Pacific Emerging BMI Index. It was launched on Mar 19, 2007. Both SPEU and GMF are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPEU or GMF.
Performance
SPEU vs. GMF - Performance Comparison
Returns By Period
In the year-to-date period, SPEU achieves a 3.22% return, which is significantly lower than GMF's 16.22% return. Over the past 10 years, SPEU has underperformed GMF with an annualized return of 4.42%, while GMF has yielded a comparatively higher 5.42% annualized return.
SPEU
3.22%
-6.66%
-5.48%
10.19%
6.22%
4.42%
GMF
16.22%
-5.78%
4.63%
20.19%
5.82%
5.42%
Key characteristics
| SPEU | GMF | |
|---|---|---|
| Sharpe Ratio | 0.90 | 1.27 |
| Sortino Ratio | 1.30 | 1.84 |
| Omega Ratio | 1.15 | 1.24 |
| Calmar Ratio | 1.18 | 0.71 |
| Martin Ratio | 4.10 | 6.15 |
| Ulcer Index | 2.84% | 3.37% |
| Daily Std Dev | 12.90% | 16.29% |
| Max Drawdown | -62.45% | -67.18% |
| Current Drawdown | -9.59% | -12.90% |
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SPEU vs. GMF - Expense Ratio Comparison
SPEU has a 0.09% expense ratio, which is lower than GMF's 0.49% expense ratio.
Correlation
The correlation between SPEU and GMF is 0.70, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
SPEU vs. GMF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Europe ETF (SPEU) and SPDR S&P Emerging Asia Pacific ETF (GMF). 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.
Dividends
SPEU vs. GMF - Dividend Comparison
SPEU's dividend yield for the trailing twelve months is around 3.13%, more than GMF's 2.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPEU SPDR Portfolio Europe ETF | 3.13% | 2.91% | 3.08% | 2.67% | 2.30% | 3.19% | 3.99% | 2.82% | 3.66% | 3.62% | 5.91% | 3.06% |
GMF SPDR S&P Emerging Asia Pacific ETF | 2.19% | 2.75% | 2.54% | 2.71% | 1.32% | 1.75% | 2.26% | 1.70% | 2.49% | 3.76% | 1.55% | 2.18% |
Drawdowns
SPEU vs. GMF - Drawdown Comparison
The maximum SPEU drawdown since its inception was -62.45%, smaller than the maximum GMF drawdown of -67.18%. Use the drawdown chart below to compare losses from any high point for SPEU and GMF. For additional features, visit the drawdowns tool.
Volatility
SPEU vs. GMF - Volatility Comparison
The current volatility for SPDR Portfolio Europe ETF (SPEU) is 4.26%, while SPDR S&P Emerging Asia Pacific ETF (GMF) has a volatility of 4.87%. This indicates that SPEU experiences smaller price fluctuations and is considered to be less risky than GMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.