SPGM vs. FZROX
Compare and contrast key facts about SPDR Portfolio MSCI Global Stock Market ETF (SPGM) and Fidelity ZERO Total Market Index Fund (FZROX).
SPGM is a passively managed fund by State Street that tracks the performance of the MSCI AC World IMI. It was launched on Feb 27, 2012. FZROX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPGM or FZROX.
Key characteristics
| SPGM | FZROX | |
|---|---|---|
| YTD Return | 18.41% | 22.68% |
| 1Y Return | 30.25% | 35.19% |
| 3Y Return (Ann) | 6.86% | 9.63% |
| 5Y Return (Ann) | 12.36% | 15.64% |
| Sharpe Ratio | 2.48 | 2.75 |
| Sortino Ratio | 3.38 | 3.66 |
| Omega Ratio | 1.45 | 1.50 |
| Calmar Ratio | 2.07 | 2.60 |
| Martin Ratio | 15.46 | 16.69 |
| Ulcer Index | 1.96% | 2.12% |
| Daily Std Dev | 12.24% | 12.86% |
| Max Drawdown | -33.96% | -34.96% |
| Current Drawdown | -0.58% | -0.15% |
Correlation
The correlation between SPGM and FZROX is 0.94, 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.
Performance
SPGM vs. FZROX - Performance Comparison
In the year-to-date period, SPGM achieves a 18.41% return, which is significantly lower than FZROX's 22.68% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SPGM vs. FZROX - Expense Ratio Comparison
SPGM has a 0.09% expense ratio, which is higher than FZROX's 0.00% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
SPGM vs. FZROX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio MSCI Global Stock Market ETF (SPGM) and Fidelity ZERO Total Market Index Fund (FZROX). 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
SPGM vs. FZROX - Dividend Comparison
SPGM's dividend yield for the trailing twelve months is around 1.72%, more than FZROX's 1.11% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPGM SPDR Portfolio MSCI Global Stock Market ETF | 1.72% | 2.09% | 2.37% | 1.94% | 1.45% | 2.46% | 1.89% | 2.29% | 1.87% | 3.70% | 2.18% | 1.74% |
FZROX Fidelity ZERO Total Market Index Fund | 1.11% | 1.36% | 1.57% | 1.25% | 1.27% | 1.51% | 0.74% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SPGM vs. FZROX - Drawdown Comparison
The maximum SPGM drawdown since its inception was -33.96%, roughly equal to the maximum FZROX drawdown of -34.96%. Use the drawdown chart below to compare losses from any high point for SPGM and FZROX. For additional features, visit the drawdowns tool.
Volatility
SPGM vs. FZROX - Volatility Comparison
SPDR Portfolio MSCI Global Stock Market ETF (SPGM) and Fidelity ZERO Total Market Index Fund (FZROX) have volatilities of 3.08% and 3.04%, 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.