SPGM vs. VT
Compare and contrast key facts about SPDR Portfolio MSCI Global Stock Market ETF (SPGM) and Vanguard Total World Stock ETF (VT).
SPGM and VT 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. VT is a passively managed fund by Vanguard that tracks the performance of the FTSE Global All Cap Index. It was launched on Jun 24, 2008. Both SPGM and VT 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 VT.
Performance
SPGM vs. VT - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with SPGM having a 16.49% return and VT slightly higher at 16.65%. Both investments have delivered pretty close results over the past 10 years, with SPGM having a 9.41% annualized return and VT not far behind at 9.20%.
SPGM
16.49%
-1.62%
6.03%
24.62%
11.02%
9.41%
VT
16.65%
-1.27%
6.28%
24.82%
10.82%
9.20%
Key characteristics
| SPGM | VT | |
|---|---|---|
| Sharpe Ratio | 2.07 | 2.11 |
| Sortino Ratio | 2.84 | 2.90 |
| Omega Ratio | 1.37 | 1.38 |
| Calmar Ratio | 2.85 | 3.03 |
| Martin Ratio | 13.12 | 13.62 |
| Ulcer Index | 1.86% | 1.80% |
| Daily Std Dev | 11.77% | 11.64% |
| Max Drawdown | -33.96% | -50.27% |
| Current Drawdown | -2.78% | -2.65% |
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SPGM vs. VT - Expense Ratio Comparison
SPGM has a 0.09% expense ratio, which is higher than VT'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 VT is 0.81, 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. VT - 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 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.
Dividends
SPGM vs. VT - Dividend Comparison
SPGM's dividend yield for the trailing twelve months is around 1.75%, less than VT's 1.87% 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% |
VT Vanguard Total World Stock ETF | 1.87% | 2.08% | 2.20% | 1.82% | 1.66% | 2.32% | 2.53% | 2.11% | 2.39% | 2.45% | 2.44% | 2.06% |
Drawdowns
SPGM vs. VT - Drawdown Comparison
The maximum SPGM drawdown since its inception was -33.96%, 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. For additional features, visit the drawdowns tool.
Volatility
SPGM vs. VT - Volatility Comparison
SPDR Portfolio MSCI Global Stock Market ETF (SPGM) and Vanguard Total World Stock ETF (VT) have volatilities of 3.31% and 3.29%, 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.