SPGM vs. PBPH
SPGM (SPDR Portfolio MSCI Global Stock Market ETF) and PBPH (Portfolio Building Block World Pharma and Biotech Index ETF) are both exchange-traded funds - SPGM is a Global Equities fund tracking the MSCI ACWI IMI Index, while PBPH is a Health & Biotech Equities fund tracking the BITA Global Pharma and Biotech Select Index. Both are passively managed. At a 0.37 correlation, their price movements are largely independent. SPGM charges 0.09%/yr vs 0.13%/yr for PBPH.
Performance
SPGM vs. PBPH - Performance Comparison
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Returns By Period
In the year-to-date period, SPGM achieves a 10.79% return, which is significantly higher than PBPH's 2.63% return.
SPGM
- 1D
- -1.85%
- 1M
- -0.09%
- YTD
- 10.79%
- 6M
- 9.88%
- 1Y
- 28.37%
- 3Y*
- 20.39%
- 5Y*
- 11.06%
- 10Y*
- 13.23%
PBPH
- 1D
- 1.41%
- 1M
- 0.87%
- YTD
- 2.63%
- 6M
- 2.11%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPGM vs. PBPH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SPGM SPDR Portfolio MSCI Global Stock Market ETF | 10.79% | 3.21% |
PBPH Portfolio Building Block World Pharma and Biotech Index ETF | 2.63% | 0.74% |
Correlation
The correlation between SPGM and PBPH is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 25, 2025 | 0.37 |
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Return for Risk
SPGM vs. PBPH — Risk / Return Rank
SPGM
PBPH
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SPGM vs. PBPH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio MSCI Global Stock Market ETF (SPGM) and Portfolio Building Block World Pharma and Biotech Index ETF (PBPH). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SPGM | PBPH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.38 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.00 | — | — |
| Martin ratioReturn relative to average drawdown | 13.18 | — | — |
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Drawdowns
SPGM vs. PBPH - Drawdown Comparison
The maximum SPGM drawdown since its inception was -33.97%, which is greater than PBPH's maximum drawdown of -11.10%. Use the drawdown chart below to compare losses from any high point for SPGM and PBPH.
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Drawdown Indicators
| SPGM | PBPH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.97% | -11.10% | -22.87% |
Max Drawdown (1Y)Largest decline over 1 year | -9.50% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -16.90% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -25.93% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.97% | — | — |
Current DrawdownCurrent decline from peak | -2.70% | -5.21% | +2.51% |
Average DrawdownAverage peak-to-trough decline | -4.79% | -4.36% | -0.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | — | — |
Volatility
SPGM vs. PBPH - Volatility Comparison
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Volatility by Period
| SPGM | PBPH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.64% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 11.44% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 13.74% | 17.07% | -3.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.16% | 17.07% | -0.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.50% | 17.07% | +0.43% |
SPGM vs. PBPH - Expense Ratio Comparison
SPGM has a 0.09% expense ratio, which is lower than PBPH's 0.13% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SPGM vs. PBPH - Dividend Comparison
SPGM's dividend yield for the trailing twelve months is around 1.83%, more than PBPH's 0.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBPH Portfolio Building Block World Pharma and Biotech Index ETF | 0.09% | 0.09% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPGM SPDR Portfolio MSCI Global Stock Market ETF | 1.83% | 1.89% | 1.98% | 2.09% | 2.37% | 1.94% | 1.45% | 2.46% | 1.89% | 2.29% | 1.87% | 3.70% |
Frequently Asked Questions
SPGM and PBPH have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPGM is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPGM is cheaper with a 0.09% expense ratio, compared with 0.13% for PBPH.
SPGM has the higher dividend yield at 1.83%, compared with 0.09% for PBPH.
SPGM is categorized as Global Equities, while PBPH is Health & Biotech Equities. SPGM tracks MSCI ACWI IMI Index, while PBPH tracks BITA Global Pharma and Biotech Select Index. They also come from different issuers: State Street and Portfolio Building Block. Their fees differ too: 0.09% for SPGM and 0.13% for PBPH.
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