SPGEX vs. SPMFX

Last updated Apr 1, 2026

Compare and contrast key facts about Symmetry Panoramic Global Equity Fund (SPGEX) and Symmetry Panoramic Municipal Fixed Income Fund (SPMFX).

SPGEX is managed by Symmetry Partners. It was launched on Nov 11, 2018. SPMFX is managed by Symmetry Partners. It was launched on Nov 11, 2018.

Performance

SPGEX vs. SPMFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Symmetry Panoramic Global Equity Fund (SPGEX) and Symmetry Panoramic Municipal Fixed Income Fund (SPMFX). The values are adjusted to include any dividend payments, if applicable.

SPGEX vs. SPMFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
SPGEX Symmetry Panoramic Global Equity Fund	-1.82%	19.76%	11.36%	18.90%	-14.00%	20.68%	8.79%	22.96%	-6.07%
SPMFX Symmetry Panoramic Municipal Fixed Income Fund	-0.38%	3.23%	1.81%	3.41%	-3.04%	-0.31%	1.47%	2.31%	0.88%

Returns By Period

In the year-to-date period, SPGEX achieves a -1.82% return, which is significantly lower than SPMFX's -0.38% return.

SPGEX

• 1D: -0.44%
• 1M: -8.66%
• YTD: -1.82%
• 6M: 0.44%
• 1Y: 17.77%
• 3Y*: 14.52%
• 5Y*: 8.53%
• 10Y*: —

SPMFX

• 1D: 0.20%
• 1M: -2.06%
• YTD: -0.38%
• 6M: 0.71%
• 1Y: 3.03%
• 3Y*: 2.22%
• 5Y*: 0.98%
• 10Y*: —

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

SPGEX vs. SPMFX - Expense Ratio Comparison

SPGEX has a 0.56% expense ratio, which is higher than SPMFX's 0.41% expense ratio.

SPGEX

Symmetry Panoramic Global Equity Fund

SPMFX

Symmetry Panoramic Municipal Fixed Income Fund

Return for Risk

SPGEX vs. SPMFX — Risk / Return Rank

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

SPGEX

SPGEX Risk / Return Rank: 62
SPGEX Sharpe Ratio Rank: 62
SPGEX Sortino Ratio Rank: 63
SPGEX Omega Ratio Rank: 63
SPGEX Calmar Ratio Rank: 56
SPGEX Martin Ratio Rank: 67

SPMFX

SPMFX Risk / Return Rank: 57
SPMFX Sharpe Ratio Rank: 60
SPMFX Sortino Ratio Rank: 48
SPMFX Omega Ratio Rank: 72
SPMFX Calmar Ratio Rank: 61
SPMFX Martin Ratio Rank: 46

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.

SPGEX vs. SPMFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Symmetry Panoramic Global Equity Fund (SPGEX) and Symmetry Panoramic Municipal Fixed Income Fund (SPMFX). 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.

	SPGEX	SPMFX	Difference
Sharpe ratio Return per unit of total volatility	1.13	1.12	+0.01
Sortino ratio Return per unit of downside risk	1.64	1.40	+0.24
Omega ratio Gain probability vs. loss probability	1.24	1.28	-0.03
Calmar ratio Return relative to maximum drawdown	1.35	1.44	-0.10
Martin ratio Return relative to average drawdown	6.42	4.70	+1.72
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPGEX vs. SPMFX - Sharpe Ratio Comparison

The current SPGEX Sharpe Ratio is 1.13, which is comparable to the SPMFX Sharpe Ratio of 1.12. The chart below compares the historical Sharpe Ratios of SPGEX and SPMFX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SPGEX	SPMFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.13	1.12	+0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.57	0.51	+0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	0.66	-0.04

Correlation

The correlation between SPGEX and SPMFX is 0.11, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

SPGEX vs. SPMFX - Dividend Comparison

SPGEX's dividend yield for the trailing twelve months is around 9.29%, more than SPMFX's 2.38% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
SPGEX Symmetry Panoramic Global Equity Fund	9.29%	9.12%	17.40%	3.71%	3.64%	4.84%	1.20%	2.33%	0.66%
SPMFX Symmetry Panoramic Municipal Fixed Income Fund	2.38%	2.05%	2.50%	1.52%	0.59%	0.27%	0.68%	1.00%	0.08%

Drawdowns

SPGEX vs. SPMFX - Drawdown Comparison

The maximum SPGEX drawdown since its inception was -35.03%, which is greater than SPMFX's maximum drawdown of -5.39%. Use the drawdown chart below to compare losses from any high point for SPGEX and SPMFX.

Drawdown Indicators

	SPGEX	SPMFX	Difference
Max Drawdown Largest peak-to-trough decline	-35.03%	-5.39%	-29.64%
Max Drawdown (1Y) Largest decline over 1 year	-11.94%	-2.40%	-9.54%
Max Drawdown (5Y) Largest decline over 5 years	-23.48%	-5.39%	-18.09%
Current Drawdown Current decline from peak	-8.97%	-2.06%	-6.91%
Average Drawdown Average peak-to-trough decline	-5.30%	-1.01%	-4.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.51%	0.74%	+1.77%

Volatility

SPGEX vs. SPMFX - Volatility Comparison

Symmetry Panoramic Global Equity Fund (SPGEX) has a higher volatility of 4.82% compared to Symmetry Panoramic Municipal Fixed Income Fund (SPMFX) at 1.26%. This indicates that SPGEX's price experiences larger fluctuations and is considered to be riskier than SPMFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPGEX	SPMFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.82%	1.26%	+3.56%
Volatility (6M) Calculated over the trailing 6-month period	8.98%	1.62%	+7.36%
Volatility (1Y) Calculated over the trailing 1-year period	16.00%	2.85%	+13.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.93%	1.91%	+13.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.55%	1.91%	+14.64%