SPGM vs. VEU
Compare and contrast key facts about SPDR Portfolio MSCI Global Stock Market ETF (SPGM) and Vanguard FTSE All-World ex-US ETF (VEU).
SPGM and VEU 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. VEU is a passively managed fund by Vanguard that tracks the performance of the FTSE All-World ex US Index. It was launched on Mar 2, 2007. Both SPGM and VEU 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 VEU.
Performance
SPGM vs. VEU - Performance Comparison
Returns By Period
In the year-to-date period, SPGM achieves a 16.49% return, which is significantly higher than VEU's 6.15% return. Over the past 10 years, SPGM has outperformed VEU with an annualized return of 9.41%, while VEU has yielded a comparatively lower 4.84% annualized return.
SPGM
16.49%
-1.62%
6.03%
24.62%
11.02%
9.41%
VEU
6.15%
-4.99%
-1.81%
13.39%
5.31%
4.84%
Key characteristics
| SPGM | VEU | |
|---|---|---|
| Sharpe Ratio | 2.07 | 1.02 |
| Sortino Ratio | 2.84 | 1.48 |
| Omega Ratio | 1.37 | 1.18 |
| Calmar Ratio | 2.85 | 1.11 |
| Martin Ratio | 13.12 | 5.38 |
| Ulcer Index | 1.86% | 2.40% |
| Daily Std Dev | 11.77% | 12.64% |
| Max Drawdown | -33.96% | -61.52% |
| Current Drawdown | -2.78% | -7.87% |
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SPGM vs. VEU - Expense Ratio Comparison
SPGM has a 0.09% expense ratio, which is higher than VEU's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between SPGM and VEU is 0.77, 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.
Risk-Adjusted Performance
SPGM vs. VEU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio MSCI Global Stock Market ETF (SPGM) and Vanguard FTSE All-World ex-US ETF (VEU). 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. VEU - Dividend Comparison
SPGM's dividend yield for the trailing twelve months is around 1.75%, less than VEU's 3.01% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPGM SPDR Portfolio MSCI Global Stock Market ETF | 1.75% | 2.09% | 2.37% | 1.94% | 1.45% | 2.46% | 1.89% | 2.29% | 1.87% | 3.70% | 2.18% | 1.74% |
VEU Vanguard FTSE All-World ex-US ETF | 3.01% | 3.32% | 3.12% | 3.07% | 2.00% | 3.10% | 3.27% | 2.66% | 2.96% | 2.95% | 3.52% | 2.66% |
Drawdowns
SPGM vs. VEU - Drawdown Comparison
The maximum SPGM drawdown since its inception was -33.96%, smaller than the maximum VEU drawdown of -61.52%. Use the drawdown chart below to compare losses from any high point for SPGM and VEU. For additional features, visit the drawdowns tool.
Volatility
SPGM vs. VEU - Volatility Comparison
The current volatility for SPDR Portfolio MSCI Global Stock Market ETF (SPGM) is 3.31%, while Vanguard FTSE All-World ex-US ETF (VEU) has a volatility of 3.86%. This indicates that SPGM experiences smaller price fluctuations and is considered to be less risky than VEU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.