SPGM vs. VT

Last updated Jun 26, 2026

SPGM (SPDR Portfolio MSCI Global Stock Market ETF) and VT (Vanguard Total World Stock ETF) are both Global Equities funds - SPGM tracks the MSCI ACWI IMI Index while VT tracks the FTSE Global All Cap Index. Both are passively managed. Over the past 10 years, SPGM returned 13.55%/yr vs 13.25%/yr for VT. Their correlation of 0.83 suggests significant overlap in exposure. SPGM charges 0.09%/yr vs 0.06%/yr for VT.

Performance

SPGM vs. VT - Performance Comparison

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

Returns By Period

In the year-to-date period, SPGM achieves a 11.08% return, which is significantly higher than VT's 10.43% return. Both investments have delivered pretty close results over the past 10 years, with SPGM having a 13.55% annualized return and VT not far behind at 13.25%.

SPGM

• 1D: 0.38%
• 1M: -1.13%
• YTD: 11.08%
• 6M: 9.97%
• 1Y: 27.26%
• 3Y*: 20.53%
• 5Y*: 11.02%
• 10Y*: 13.55%

VT

• 1D: 0.38%
• 1M: -1.25%
• YTD: 10.43%
• 6M: 9.42%
• 1Y: 24.79%
• 3Y*: 20.08%
• 5Y*: 10.49%
• 10Y*: 13.25%

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

SPGM vs. VT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SPGM SPDR Portfolio MSCI Global Stock Market ETF	11.08%	23.62%	16.75%	21.34%	-17.53%	21.13%	15.28%	26.58%	-10.12%	23.26%
VT Vanguard Total World Stock ETF	10.43%	22.43%	16.49%	22.02%	-18.00%	18.27%	16.59%	26.81%	-9.76%	24.50%

Correlation

The correlation between SPGM and VT is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.99
Correlation (3Y) Calculated over the trailing 3-year period	0.99
Correlation (5Y) Calculated over the trailing 5-year period	0.99
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since Mar 5, 2012	0.83

The correlation between SPGM and VT shifts across timeframes, from 0.83 (all time) to 0.99 (3 years), reflecting how their relationship changes across market environments.

SPGM vs. VT - Sectors Allocation Comparison

Sectors	SPGM	VT
Technology	30.7%	31.1%
Financial Services	15.7%	15.2%
Industrials	12.5%	11.4%
Consumer Cyclical	9.0%	9.3%
Communication Services	8.2%	8.0%
Healthcare	7.9%	7.9%
Consumer Defensive	4.5%	4.5%
Energy	4.0%	3.8%
Basic Materials	3.8%	4.1%
Utilities	2.0%	2.4%
Real Estate	1.8%	2.3%

Return for Risk

SPGM vs. VT — Risk / Return Rank

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

SPGM

SPGM Risk / Return Rank: 71
SPGM Sharpe Ratio Rank: 72
SPGM Sortino Ratio Rank: 69
SPGM Omega Ratio Rank: 72
SPGM Calmar Ratio Rank: 67
SPGM Martin Ratio Rank: 76

VT

VT Risk / Return Rank: 65
VT Sharpe Ratio Rank: 65
VT Sortino Ratio Rank: 64
VT Omega Ratio Rank: 65
VT Calmar Ratio Rank: 61
VT Martin Ratio Rank: 69

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. VT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio MSCI Global Stock Market ETF (SPGM) and Vanguard Total World Stock ETF (VT). 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	VT	Difference
Sharpe ratio: Return per unit of total volatility	2.00	1.84	+0.16
Sortino ratio: Return per unit of downside risk	2.73	2.54	+0.19
Omega ratio: Gain probability vs. loss probability	1.37	1.34	+0.03
Calmar ratio: Return relative to maximum drawdown	2.88	2.57	+0.31
Martin ratio: Return relative to average drawdown	12.59	11.09	+1.50

SPGM vs. VT - Sharpe Ratio Comparison

The current SPGM Sharpe Ratio is 2.00, which is comparable to the VT Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of SPGM and VT, 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. VT - Drawdown Comparison

The maximum SPGM drawdown since its inception was -33.97%, smaller than the maximum VT drawdown of -50.27%. Use the drawdown chart below to compare losses from any high point for SPGM and VT.

Drawdown Indicators

	SPGM	VT	Difference
Max Drawdown Largest peak-to-trough decline	-33.97%	-50.27%	+16.30%
Max Drawdown (1Y) Largest decline over 1 year	-9.50%	-9.67%	+0.17%
Max Drawdown (3Y) Largest decline over 3 years	-16.90%	-16.51%	-0.39%
Max Drawdown (5Y) Largest decline over 5 years	-25.93%	-26.38%	+0.45%
Max Drawdown (10Y) Largest decline over 10 years	-33.97%	-34.24%	+0.27%
Current Drawdown Current decline from peak	-2.45%	-2.47%	+0.02%
Average Drawdown Average peak-to-trough decline	-4.79%	-7.00%	+2.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.17%	2.24%	-0.07%

Volatility

SPGM vs. VT - Volatility Comparison

SPDR Portfolio MSCI Global Stock Market ETF (SPGM) and Vanguard Total World Stock ETF (VT) have volatilities of 5.49% and 5.53%, 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.

Volatility by Period

	SPGM	VT	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.49%	5.53%	-0.04%
Volatility (6M) Calculated over the trailing 6-month period	11.41%	11.28%	+0.13%
Volatility (1Y) Calculated over the trailing 1-year period	13.67%	13.51%	+0.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.16%	16.19%	-0.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.49%	17.19%	+0.30%

SPGM vs. VT - Expense Ratio Comparison

SPGM has a 0.09% expense ratio, which is higher than VT's 0.06% 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%.

Dividends

SPGM vs. VT - Dividend Comparison

SPGM's dividend yield for the trailing twelve months is around 1.82%, more than VT's 1.60% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SPGM SPDR Portfolio MSCI Global Stock Market ETF	1.82%	1.89%	1.98%	2.09%	2.37%	1.94%	1.45%	2.46%	1.89%	2.29%	1.87%	3.70%
VT Vanguard Total World Stock ETF	1.60%	1.82%	1.95%	2.08%	2.20%	1.82%	1.66%	2.32%	2.53%	2.11%	2.39%	2.45%

Frequently Asked Questions

Can I hold both SPGM and VT in my portfolio?

With a correlation of 0.99, SPGM and VT move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, SPGM or VT?

VT has higher volatility (5.53%) compared to SPGM (5.49%). In terms of maximum drawdown, SPGM dropped -33.97% vs VT's -50.27%.

Which ETF is better, SPGM or VT?

On 10-year performance, SPGM leads with 13.55% vs 13.25% for VT. On fees, VT is cheaper at 0.06% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SPGM or VT?

Over the 10-year period, SPGM has performed better with a 13.55% return vs 13.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SPGM or VT?

VT is cheaper with a 0.06% expense ratio, compared with 0.09% for SPGM.

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

SPGM has the higher dividend yield at 1.82%, compared with 1.60% for VT.

What is the main difference between SPGM and VT?

SPGM tracks MSCI ACWI IMI Index, while VT tracks FTSE Global All Cap Index. They also come from different issuers: State Street and Vanguard. Their fees differ too: 0.09% for SPGM and 0.06% for VT.

Which has better risk-adjusted returns?

SPGM currently has the higher Sharpe Ratio (2.00 vs 1.84), 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.