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SPGM vs. PID
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SPGM vs. PID

Last updated Jun 24, 2026

SPGM (SPDR Portfolio MSCI Global Stock Market ETF) and PID (Invesco International Dividend Achievers™ ETF) are both Global Equities funds - SPGM tracks the MSCI ACWI IMI Index while PID tracks the Nasdaq International Dividend Achievers (NR). Both are passively managed. Over the past 10 years, SPGM returned 13.23%/yr vs 8.94%/yr for PID. A 0.69 correlation means they provide meaningful diversification when combined. SPGM charges 0.09%/yr vs 0.56%/yr for PID.

Performance

SPGM vs. PID - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Portfolio MSCI Global Stock Market ETF (SPGM) and Invesco International Dividend Achievers™ ETF (PID). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SPGM achieves a 10.79% return, which is significantly higher than PID's 3.12% return. Over the past 10 years, SPGM has outperformed PID with an annualized return of 13.23%, while PID has yielded a comparatively lower 8.94% annualized 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%

PID

1D
0.32%
1M
-2.75%
YTD
3.12%
6M
3.17%
1Y
14.07%
3Y*
12.22%
5Y*
8.28%
10Y*
8.94%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SPGM vs. PID - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SPGM
SPDR Portfolio MSCI Global Stock Market ETF		10.79%23.62%16.75%21.34%-17.53%21.13%15.28%26.58%-10.12%23.26%
PID
Invesco International Dividend Achievers™ ETF		3.12%24.45%3.08%14.28%-6.48%24.49%-6.56%25.87%-11.46%19.05%

Correlation

The correlation between SPGM and PID is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.63

Correlation (3Y)
Calculated over the trailing 3-year period

0.70

Correlation (5Y)
Calculated over the trailing 5-year period

0.77

Correlation (10Y)
Calculated over the trailing 10-year period

0.76

Correlation (All Time)
Calculated using the full available price history since Mar 5, 2012

0.69

The correlation between SPGM and PID shifts across timeframes, from 0.63 (1 year) to 0.77 (5 years), reflecting how their relationship changes across market environments.

SPGM vs. PID - Sectors Allocation Comparison

Sectors
SPGM
PID

Technology

30.7%
9.1%

Financial Services

15.7%
17.5%

Industrials

12.5%
7.5%

Consumer Cyclical

9.0%
6.2%

Communication Services

8.2%
13.7%

Healthcare

7.9%
8.6%

Consumer Defensive

4.5%
6.2%

Energy

4.0%
12.5%

Basic Materials

3.8%
3.3%

Utilities

2.0%
15.1%

Real Estate

1.8%
0.4%

Technology

SPGM
30.7%
PID
9.1%

Financial Services

SPGM
15.7%
PID
17.5%

Industrials

SPGM
12.5%
PID
7.5%

Consumer Cyclical

SPGM
9.0%
PID
6.2%

Communication Services

SPGM
8.2%
PID
13.7%

Healthcare

SPGM
7.9%
PID
8.6%

Consumer Defensive

SPGM
4.5%
PID
6.2%

Energy

SPGM
4.0%
PID
12.5%

Basic Materials

SPGM
3.8%
PID
3.3%

Utilities

SPGM
2.0%
PID
15.1%

Real Estate

SPGM
1.8%
PID
0.4%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

SPDR Portfolio MSCI Global Stock Market ETF

Invesco International Dividend Achievers™ ETF

Often compared with SPGM:
SPGM vs. VTSPGM vs. VOOSPGM vs. VXUSSPGM vs. CWISPGM vs. QWLDSPGM vs. SWRD.ASSPGM vs. SPGP
Often compared with PID:
PID vs. IDVPID vs. LVHIPID vs. DTHPID vs. DWXPID vs. PSQPID vs. VYMIPID vs. DIM

Return for Risk

SPGM vs. PID — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SPGM
SPGM Risk / Return Rank: 6666
Overall Rank
SPGM Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
SPGM Sortino Ratio Rank: 6464
Sortino Ratio Rank
SPGM Omega Ratio Rank: 6666
Omega Ratio Rank
SPGM Calmar Ratio Rank: 6363
Calmar Ratio Rank
SPGM Martin Ratio Rank: 7373
Martin Ratio Rank
PID
PID Risk / Return Rank: 4242
Overall Rank
PID Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
PID Sortino Ratio Rank: 4545
Sortino Ratio Rank
PID Omega Ratio Rank: 4141
Omega Ratio Rank
PID Calmar Ratio Rank: 4040
Calmar Ratio Rank
PID Martin Ratio Rank: 4141
Martin Ratio Rank
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.

SPGM vs. PID - 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 Dividend Achievers™ ETF (PID). 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.

SPGMPIDDifference
Sharpe ratioReturn per unit of total volatility
2.08
1.44

+0.64

Sortino ratioReturn per unit of downside risk
2.82
2.13

+0.69

Omega ratioGain probability vs. loss probability

1.38

1.26

+0.12

Calmar ratioReturn relative to maximum drawdown

3.00

1.89

+1.11

Martin ratioReturn relative to average drawdown

13.18

6.22

+6.96

SPGM vs. PID - Sharpe Ratio Comparison

The current SPGM Sharpe Ratio is 2.08, which is higher than the PID Sharpe Ratio of 1.44. The chart below compares the historical Sharpe Ratios of SPGM and PID, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

SPGM vs. PID - Drawdown Comparison

The maximum SPGM drawdown since its inception was -33.97%, smaller than the maximum PID drawdown of -66.34%. Use the drawdown chart below to compare losses from any high point for SPGM and PID.

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Drawdown Indicators

SPGMPIDDifference

Max Drawdown

Largest peak-to-trough decline

-33.97%

-66.34%

+32.37%

Max Drawdown (1Y)

Largest decline over 1 year

-9.50%

-7.47%

-2.03%

Max Drawdown (3Y)

Largest decline over 3 years

-16.90%

-13.34%

-3.56%

Max Drawdown (5Y)

Largest decline over 5 years

-25.93%

-22.97%

-2.96%

Max Drawdown (10Y)

Largest decline over 10 years

-33.97%

-46.07%

+12.10%

Current Drawdown

Current decline from peak

-2.70%

-4.35%

+1.65%

Average Drawdown

Average peak-to-trough decline

-4.79%

-13.01%

+8.22%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.16%

2.27%

-0.11%

Volatility

SPGM vs. PID - Volatility Comparison

SPDR Portfolio MSCI Global Stock Market ETF (SPGM) has a higher volatility of 5.64% compared to Invesco International Dividend Achievers™ ETF (PID) at 2.68%. This indicates that SPGM's price experiences larger fluctuations and is considered to be riskier than PID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SPGMPIDDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.64%

2.68%

+2.96%

Volatility (6M)

Calculated over the trailing 6-month period

11.44%

7.86%

+3.58%

Volatility (1Y)

Calculated over the trailing 1-year period

13.74%

9.83%

+3.91%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.16%

13.96%

+2.20%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.50%

17.67%

-0.17%

SPGM vs. PID - Expense Ratio Comparison

SPGM has a 0.09% expense ratio, which is lower than PID's 0.56% expense ratio.

Dividends

SPGM vs. PID - Dividend Comparison

SPGM's dividend yield for the trailing twelve months is around 1.83%, less than PID's 3.61% yield.

PositionTTM20252024202320222021202020192018201720162015
PID
Invesco International Dividend Achievers™ ETF		3.61%3.28%3.88%3.31%3.30%3.30%3.16%3.99%3.87%3.46%3.90%4.48%
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 PID have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SPGM has higher volatility (5.64%) compared to PID (2.68%). In terms of maximum drawdown, SPGM dropped -33.97% vs PID's -66.34%.

On 10-year performance, SPGM leads with 13.23% vs 8.94% for PID. On fees, SPGM is cheaper at 0.09% per year. On volatility, PID has been the lower-risk option at 2.68%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, SPGM has performed better with a 13.23% return vs 8.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SPGM is cheaper with a 0.09% expense ratio, compared with 0.56% for PID.

PID has the higher dividend yield at 3.61%, compared with 1.83% for SPGM.

SPGM tracks MSCI ACWI IMI Index, while PID tracks Nasdaq International Dividend Achievers (NR). They also come from different issuers: State Street and Invesco. Their fees differ too: 0.09% for SPGM and 0.56% for PID.

SPGM currently has the higher Sharpe Ratio (2.08 vs 1.44), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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