SPGM vs. MGGIX
Compare and contrast key facts about SPDR Portfolio MSCI Global Stock Market ETF (SPGM) and Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio (MGGIX).
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. MGGIX is managed by T. Rowe Price. It was launched on May 29, 2008.
Performance
SPGM vs. MGGIX - Performance Comparison
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SPGM vs. MGGIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPGM SPDR Portfolio MSCI Global Stock Market ETF | -1.30% | 23.62% | 16.75% | 21.34% | -17.53% | 21.13% | 15.28% | 26.58% | -10.12% | 23.26% |
MGGIX Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio | -14.91% | 1.86% | 27.50% | 49.70% | -41.57% | 0.22% | 55.49% | 35.44% | -5.65% | 49.45% |
Returns By Period
In the year-to-date period, SPGM achieves a -1.30% return, which is significantly higher than MGGIX's -14.91% return. Both investments have delivered pretty close results over the past 10 years, with SPGM having a 11.73% annualized return and MGGIX not far behind at 11.61%.
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%
MGGIX
- 1D
- 0.17%
- 1M
- -12.52%
- YTD
- -14.91%
- 6M
- -25.77%
- 1Y
- -12.12%
- 3Y*
- 11.13%
- 5Y*
- -0.39%
- 10Y*
- 11.61%
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SPGM vs. MGGIX - Expense Ratio Comparison
SPGM has a 0.09% expense ratio, which is lower than MGGIX's 0.95% expense ratio.
Return for Risk
SPGM vs. MGGIX — Risk / Return Rank
SPGM
MGGIX
SPGM vs. MGGIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio MSCI Global Stock Market ETF (SPGM) and Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio (MGGIX). 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 | MGGIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.37 | -0.52 | +1.89 |
Sortino ratioReturn per unit of downside risk | 1.98 | -0.56 | +2.54 |
Omega ratioGain probability vs. loss probability | 1.30 | 0.92 | +0.38 |
Calmar ratioReturn relative to maximum drawdown | 1.99 | -0.55 | +2.54 |
Martin ratioReturn relative to average drawdown | 9.40 | -1.49 | +10.89 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPGM | MGGIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.37 | -0.52 | +1.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | -0.02 | +0.63 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | 0.51 | +0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.48 | +0.13 |
Correlation
The correlation between SPGM and MGGIX is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
SPGM vs. MGGIX - Dividend Comparison
SPGM's dividend yield for the trailing twelve months is around 1.91%, while MGGIX has not paid dividends to shareholders.
| 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% |
MGGIX Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio | 0.00% | 0.00% | 9.27% | 2.13% | 22.94% | 4.92% | 1.16% | 0.00% | 0.79% | 0.39% | 7.04% | 1.26% |
Drawdowns
SPGM vs. MGGIX - Drawdown Comparison
The maximum SPGM drawdown since its inception was -33.97%, smaller than the maximum MGGIX drawdown of -59.08%. Use the drawdown chart below to compare losses from any high point for SPGM and MGGIX.
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Drawdown Indicators
| SPGM | MGGIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.97% | -59.08% | +25.11% |
Max Drawdown (1Y)Largest decline over 1 year | -11.96% | -27.65% | +15.69% |
Max Drawdown (5Y)Largest decline over 5 years | -25.93% | -51.02% | +25.09% |
Max Drawdown (10Y)Largest decline over 10 years | -33.97% | -51.60% | +17.63% |
Current DrawdownCurrent decline from peak | -6.60% | -27.53% | +20.93% |
Average DrawdownAverage peak-to-trough decline | -4.85% | -11.17% | +6.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.53% | 10.18% | -7.65% |
Volatility
SPGM vs. MGGIX - Volatility Comparison
The current volatility for SPDR Portfolio MSCI Global Stock Market ETF (SPGM) is 6.58%, while Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio (MGGIX) has a volatility of 7.77%. This indicates that SPGM experiences smaller price fluctuations and is considered to be less risky than MGGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPGM | MGGIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.58% | 7.77% | -1.19% |
Volatility (6M)Calculated over the trailing 6-month period | 10.18% | 17.87% | -7.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.47% | 24.52% | -7.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.95% | 25.84% | -9.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.56% | 22.87% | -5.31% |