SPGM vs. IMFL
Compare and contrast key facts about SPDR Portfolio MSCI Global Stock Market ETF (SPGM) and Invesco International Developed Dynamic Multifactor ETF (IMFL).
SPGM and IMFL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. IMFL is a passively managed fund by Invesco that tracks the performance of the FTSE Developed ex US Invesco Dynamic Multifactor Index. It was launched on Feb 24, 2021. Both SPGM and IMFL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
SPGM vs. IMFL - Performance Comparison
Loading graphics...
SPGM vs. IMFL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SPGM SPDR Portfolio MSCI Global Stock Market ETF | -1.30% | 23.62% | 16.75% | 21.34% | -17.53% | 12.58% |
IMFL Invesco International Developed Dynamic Multifactor ETF | 7.24% | 30.89% | -3.57% | 25.51% | -17.32% | 6.94% |
Returns By Period
In the year-to-date period, SPGM achieves a -1.30% return, which is significantly lower than IMFL's 7.24% return.
SPGM
- 1D
- 3.20%
- 1M
- -6.16%
- YTD
- -1.30%
- 6M
- 2.27%
- 1Y
- 23.79%
- 3Y*
- 17.35%
- 5Y*
- 9.70%
- 10Y*
- 11.73%
IMFL
- 1D
- 3.30%
- 1M
- -8.04%
- YTD
- 7.24%
- 6M
- 16.45%
- 1Y
- 33.09%
- 3Y*
- 14.53%
- 5Y*
- 7.85%
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
SPGM vs. IMFL - Expense Ratio Comparison
SPGM has a 0.09% expense ratio, which is lower than IMFL's 0.34% expense ratio.
Return for Risk
SPGM vs. IMFL — Risk / Return Rank
SPGM
IMFL
SPGM vs. IMFL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio MSCI Global Stock Market ETF (SPGM) and Invesco International Developed Dynamic Multifactor ETF (IMFL). 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.
| SPGM | IMFL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.37 | 2.00 | -0.64 |
Sortino ratioReturn per unit of downside risk | 1.98 | 2.61 | -0.63 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.38 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.99 | 2.69 | -0.70 |
Martin ratioReturn relative to average drawdown | 9.40 | 10.54 | -1.14 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| SPGM | IMFL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.37 | 2.00 | -0.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 0.50 | +0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.53 | +0.08 |
Correlation
The correlation between SPGM and IMFL is 0.82, 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.
Dividends
SPGM vs. IMFL - Dividend Comparison
SPGM's dividend yield for the trailing twelve months is around 1.91%, less than IMFL's 3.15% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPGM SPDR Portfolio MSCI Global Stock Market ETF | 1.91% | 1.89% | 1.98% | 2.09% | 2.37% | 1.94% | 1.45% | 2.46% | 1.89% | 2.29% | 1.87% | 3.70% |
IMFL Invesco International Developed Dynamic Multifactor ETF | 3.15% | 2.88% | 3.56% | 3.85% | 3.35% | 3.94% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SPGM vs. IMFL - Drawdown Comparison
The maximum SPGM drawdown since its inception was -33.97%, roughly equal to the maximum IMFL drawdown of -33.26%. Use the drawdown chart below to compare losses from any high point for SPGM and IMFL.
Loading graphics...
Drawdown Indicators
| SPGM | IMFL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.97% | -33.26% | -0.71% |
Max Drawdown (1Y)Largest decline over 1 year | -11.96% | -11.77% | -0.19% |
Max Drawdown (5Y)Largest decline over 5 years | -25.93% | -33.26% | +7.33% |
Max Drawdown (10Y)Largest decline over 10 years | -33.97% | — | — |
Current DrawdownCurrent decline from peak | -6.60% | -8.70% | +2.10% |
Average DrawdownAverage peak-to-trough decline | -4.85% | -7.37% | +2.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.53% | 3.00% | -0.47% |
Volatility
SPGM vs. IMFL - Volatility Comparison
The current volatility for SPDR Portfolio MSCI Global Stock Market ETF (SPGM) is 6.58%, while Invesco International Developed Dynamic Multifactor ETF (IMFL) has a volatility of 7.94%. This indicates that SPGM experiences smaller price fluctuations and is considered to be less risky than IMFL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| SPGM | IMFL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.58% | 7.94% | -1.36% |
Volatility (6M)Calculated over the trailing 6-month period | 10.18% | 11.84% | -1.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.47% | 16.63% | +0.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.95% | 15.89% | +0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.56% | 15.86% | +1.70% |