SPGM vs. SPGP
Compare and contrast key facts about SPDR Portfolio MSCI Global Stock Market ETF (SPGM) and Invesco S&P 500 GARP ETF (SPGP).
SPGM and SPGP 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. SPGP is a passively managed fund by Invesco that tracks the performance of the S&P 500 GARP Index. It was launched on Jun 16, 2011. Both SPGM and SPGP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPGM or SPGP.
Key characteristics
| SPGM | SPGP | |
|---|---|---|
| YTD Return | 14.56% | 4.19% |
| 1Y Return | 21.66% | 8.77% |
| 3Y Return (Ann) | 5.84% | 5.17% |
| 5Y Return (Ann) | 11.47% | 13.31% |
| 10Y Return (Ann) | 9.21% | 13.39% |
| Sharpe Ratio | 1.83 | 0.68 |
| Daily Std Dev | 12.49% | 14.91% |
| Max Drawdown | -33.96% | -42.08% |
| Current Drawdown | -0.79% | -4.74% |
Correlation
The correlation between SPGM and SPGP is 0.73, 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. SPGP - Performance Comparison
In the year-to-date period, SPGM achieves a 14.56% return, which is significantly higher than SPGP's 4.19% return. Over the past 10 years, SPGM has underperformed SPGP with an annualized return of 9.21%, while SPGP has yielded a comparatively higher 13.39% annualized 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. SPGP - Expense Ratio Comparison
SPGM has a 0.09% expense ratio, which is lower than SPGP's 0.36% expense ratio.
Risk-Adjusted Performance
SPGM vs. SPGP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio MSCI Global Stock Market ETF (SPGM) and Invesco S&P 500 GARP ETF (SPGP). 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. SPGP - Dividend Comparison
SPGM's dividend yield for the trailing twelve months is around 1.77%, more than SPGP's 1.44% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPGM SPDR Portfolio MSCI Global Stock Market ETF | 1.77% | 2.09% | 2.37% | 1.94% | 1.45% | 2.46% | 1.89% | 2.29% | 1.87% | 3.70% | 2.18% | 1.74% |
SPGP Invesco S&P 500 GARP ETF | 1.44% | 1.24% | 1.22% | 0.69% | 1.10% | 0.86% | 0.95% | 0.68% | 0.89% | 1.12% | 1.52% | 2.11% |
Drawdowns
SPGM vs. SPGP - Drawdown Comparison
The maximum SPGM drawdown since its inception was -33.96%, smaller than the maximum SPGP drawdown of -42.08%. Use the drawdown chart below to compare losses from any high point for SPGM and SPGP. For additional features, visit the drawdowns tool.
Volatility
SPGM vs. SPGP - Volatility Comparison
The current volatility for SPDR Portfolio MSCI Global Stock Market ETF (SPGM) is 4.43%, while Invesco S&P 500 GARP ETF (SPGP) has a volatility of 5.23%. This indicates that SPGM experiences smaller price fluctuations and is considered to be less risky than SPGP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.