SPGM vs. VOLT

Last updated Jun 24, 2026

SPGM (SPDR Portfolio MSCI Global Stock Market ETF) and VOLT (Tema Electrification ETF) are both Global Equities funds. SPGM is passively managed, while VOLT is actively managed. Over the past year, SPGM returned 28.37% vs 64.69% for VOLT. A 0.73 correlation means they provide meaningful diversification when combined. SPGM charges 0.09%/yr vs 0.75%/yr for VOLT.

Performance

SPGM vs. VOLT - Performance Comparison

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

Returns By Period

In the year-to-date period, SPGM achieves a 10.79% return, which is significantly lower than VOLT's 40.29% 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%

VOLT

• 1D: -3.50%
• 1M: 2.50%
• YTD: 40.29%
• 6M: 38.12%
• 1Y: 64.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SPGM vs. VOLT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SPGM SPDR Portfolio MSCI Global Stock Market ETF	10.79%	23.62%	-3.31%
VOLT Tema Electrification ETF	40.29%	25.92%	-8.98%

Correlation

The correlation between SPGM and VOLT is 0.66, 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	0.66
Correlation (All Time) Calculated using the full available price history since Dec 4, 2024	0.73

The correlation between SPGM and VOLT has been stable across timeframes, ranging from 0.66 to 0.73 - a consistent structural relationship.

SPGM vs. VOLT - Sectors Allocation Comparison

Sectors	SPGM	VOLT
Technology	30.7%	12.9%
Financial Services	15.7%	0.5%
Industrials	12.5%	47.0%
Consumer Cyclical	9.0%	3.4%
Communication Services	8.2%	-
Healthcare	7.9%	-
Consumer Defensive	4.5%	-
Energy	4.0%	4.7%
Basic Materials	3.8%	-
Utilities	2.0%	31.0%
Real Estate	1.8%	-

Return for Risk

SPGM vs. VOLT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPGM

SPGM Risk / Return Rank: 66
SPGM Sharpe Ratio Rank: 67
SPGM Sortino Ratio Rank: 64
SPGM Omega Ratio Rank: 66
SPGM Calmar Ratio Rank: 63
SPGM Martin Ratio Rank: 73

VOLT

VOLT Risk / Return Rank: 89
VOLT Sharpe Ratio Rank: 91
VOLT Sortino Ratio Rank: 86
VOLT Omega Ratio Rank: 85
VOLT Calmar Ratio Rank: 94
VOLT Martin Ratio Rank: 89

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. VOLT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio MSCI Global Stock Market ETF (SPGM) and Tema Electrification ETF (VOLT). 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	VOLT	Difference
Sharpe ratio: Return per unit of total volatility	2.08	2.99	-0.91
Sortino ratio: Return per unit of downside risk	2.82	3.71	-0.89
Omega ratio: Gain probability vs. loss probability	1.38	1.49	-0.11
Calmar ratio: Return relative to maximum drawdown	3.00	6.78	-3.78
Martin ratio: Return relative to average drawdown	13.18	18.99	-5.81

SPGM vs. VOLT - Sharpe Ratio Comparison

The current SPGM Sharpe Ratio is 2.08, which is lower than the VOLT Sharpe Ratio of 2.99. The chart below compares the historical Sharpe Ratios of SPGM and VOLT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SPGM vs. VOLT - Drawdown Comparison

The maximum SPGM drawdown since its inception was -33.97%, which is greater than VOLT's maximum drawdown of -23.40%. Use the drawdown chart below to compare losses from any high point for SPGM and VOLT.

Drawdown Indicators

	SPGM	VOLT	Difference
Max Drawdown Largest peak-to-trough decline	-33.97%	-23.40%	-10.57%
Max Drawdown (1Y) Largest decline over 1 year	-9.50%	-9.59%	+0.09%
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 Drawdown Current decline from peak	-2.70%	-3.50%	+0.80%
Average Drawdown Average peak-to-trough decline	-4.79%	-5.14%	+0.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.16%	3.42%	-1.26%

Volatility

SPGM vs. VOLT - Volatility Comparison

The current volatility for SPDR Portfolio MSCI Global Stock Market ETF (SPGM) is 5.64%, while Tema Electrification ETF (VOLT) has a volatility of 9.40%. This indicates that SPGM experiences smaller price fluctuations and is considered to be less risky than VOLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPGM	VOLT	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.64%	9.40%	-3.76%
Volatility (6M) Calculated over the trailing 6-month period	11.44%	18.29%	-6.85%
Volatility (1Y) Calculated over the trailing 1-year period	13.74%	21.75%	-8.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.16%	24.55%	-8.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.50%	24.55%	-7.05%

SPGM vs. VOLT - Expense Ratio Comparison

SPGM has a 0.09% expense ratio, which is lower than VOLT's 0.75% expense ratio.

Dividends

SPGM vs. VOLT - Dividend Comparison

SPGM's dividend yield for the trailing twelve months is around 1.83%, more than VOLT's 0.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
VOLT Tema Electrification ETF	0.32%	0.46%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SPGM and VOLT in my portfolio?

SPGM and VOLT have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SPGM or VOLT?

VOLT has higher volatility (9.40%) compared to SPGM (5.64%). In terms of maximum drawdown, SPGM dropped -33.97% vs VOLT's -23.40%.

Which ETF is better, SPGM or VOLT?

On 1-year performance, VOLT leads with 64.69% vs 28.37% for SPGM. On fees, SPGM is cheaper at 0.09% per year. On volatility, SPGM has been the lower-risk option at 5.64%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SPGM or VOLT?

Over the 1-year period, VOLT has performed better with a 64.69% return vs 28.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SPGM or VOLT?

SPGM is cheaper with a 0.09% expense ratio, compared with 0.75% for VOLT.

Which ETF pays a higher dividend yield, SPGM or VOLT?

SPGM has the higher dividend yield at 1.83%, compared with 0.32% for VOLT.

What is the main difference between SPGM and VOLT?

They also come from different issuers: State Street and Tema. Their fees differ too: 0.09% for SPGM and 0.75% for VOLT.

Which has better risk-adjusted returns?

VOLT currently has the higher Sharpe Ratio (2.99 vs 2.08), 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.