SPGM vs. VOO
Compare and contrast key facts about SPDR Portfolio MSCI Global Stock Market ETF (SPGM) and Vanguard S&P 500 ETF (VOO).
SPGM and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both SPGM and VOO 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 VOO.
Key characteristics
| SPGM | VOO | |
|---|---|---|
| YTD Return | 14.56% | 19.06% |
| 1Y Return | 21.66% | 26.65% |
| 3Y Return (Ann) | 5.84% | 9.85% |
| 5Y Return (Ann) | 11.47% | 15.18% |
| 10Y Return (Ann) | 9.21% | 12.95% |
| Sharpe Ratio | 1.83 | 2.18 |
| Daily Std Dev | 12.49% | 12.72% |
| Max Drawdown | -33.96% | -33.99% |
| Current Drawdown | -0.79% | -0.48% |
Correlation
The correlation between SPGM and VOO 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.
Performance
SPGM vs. VOO - Performance Comparison
In the year-to-date period, SPGM achieves a 14.56% return, which is significantly lower than VOO's 19.06% return. Over the past 10 years, SPGM has underperformed VOO with an annualized return of 9.21%, while VOO has yielded a comparatively higher 12.95% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
SPGM vs. VOO - Expense Ratio Comparison
SPGM has a 0.09% expense ratio, which is higher than VOO's 0.03% 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%.
Risk-Adjusted Performance
SPGM vs. VOO - 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 S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
SPGM's dividend yield for the trailing twelve months is around 1.77%, more than VOO's 1.28% 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% |
VOO Vanguard S&P 500 ETF | 1.28% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
SPGM vs. VOO - Drawdown Comparison
The maximum SPGM drawdown since its inception was -33.96%, roughly equal to the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for SPGM and VOO. For additional features, visit the drawdowns tool.
Volatility
SPGM vs. VOO - Volatility Comparison
SPDR Portfolio MSCI Global Stock Market ETF (SPGM) and Vanguard S&P 500 ETF (VOO) have volatilities of 4.43% and 4.25%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.