SPUSX vs. SPGEX

Last updated Aug 4, 2026

SPUSX (Symmetry Panoramic US Equity Fund) and SPGEX (Symmetry Panoramic Global Equity Fund) are both mutual funds - SPUSX is a Large Cap Blend Equities fund managed by Symmetry Partners, while SPGEX is a Global Equities fund managed by Symmetry Partners. Over the past 5 years, SPUSX returned 11.17%/yr vs 10.33%/yr for SPGEX. Their 0.97 correlation means they have historically moved very closely together. SPUSX charges 0.64%/yr vs 0.56%/yr for SPGEX.

Performance

SPUSX vs. SPGEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Symmetry Panoramic US Equity Fund (SPUSX) and Symmetry Panoramic Global Equity Fund (SPGEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with SPUSX having a 13.48% return and SPGEX slightly higher at 14.11%.

SPUSX

• 1D: 0.35%
• 1M: 0.23%
• 6M: 9.54%
• YTD: 13.48%
• 1Y: 22.67%
• 3Y*: 17.46%
• 5Y*: 11.17%
• 10Y*: —
• ALL TIME*: 12.93%

SPGEX

• 1D: 0.13%
• 1M: 0.13%
• 6M: 8.96%
• YTD: 14.11%
• 1Y: 24.90%
• 3Y*: 17.64%
• 5Y*: 10.33%
• 10Y*: —
• ALL TIME*: 11.77%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
SPGEX Symmetry Panoramic Global Equity Fund	$0.00	$0.00	$0.00
SPUSX Symmetry Panoramic US Equity Fund	$0.00	$0.00	$0.00

SPUSX vs. SPGEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
SPUSX Symmetry Panoramic US Equity Fund	13.48%	13.14%	17.83%	19.93%	-13.24%	28.30%	8.97%	27.57%	-9.00%
SPGEX Symmetry Panoramic Global Equity Fund	14.11%	19.76%	11.36%	18.90%	-14.00%	20.68%	8.79%	22.96%	-6.07%

Correlation

The correlation between SPUSX and SPGEX is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.96
Correlation (3Y) Balances recent behavior with more history.	0.97
Correlation (5Y) Shows whether the relationship held over a longer period.	0.97
Correlation (All Time) Calculated using the full available price history since Nov 12, 2018	0.97

The correlation between SPUSX and SPGEX has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.

Return for Risk

SPUSX vs. SPGEX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SPUSX

SPUSX Risk / Return Rank: 72
SPUSX Sharpe Ratio Rank: 68
SPUSX Sortino Ratio Rank: 67
SPUSX Omega Ratio Rank: 64
SPUSX Calmar Ratio Rank: 76
SPUSX Martin Ratio Rank: 85

SPGEX

SPGEX Risk / Return Rank: 76
SPGEX Sharpe Ratio Rank: 74
SPGEX Sortino Ratio Rank: 72
SPGEX Omega Ratio Rank: 71
SPGEX Calmar Ratio Rank: 77
SPGEX Martin Ratio Rank: 84

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SPUSX vs. SPGEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Symmetry Panoramic US Equity Fund (SPUSX) and Symmetry Panoramic Global Equity Fund (SPGEX). 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.

	SPUSX	SPGEX	Difference
Sharpe ratio: Return per unit of total volatility	1.70	1.80	-0.11
Sortino ratio: Return per unit of downside risk	2.41	2.55	-0.14
Omega ratio: Gain probability vs. loss probability	1.30	1.33	-0.03
Calmar ratio: Return relative to maximum drawdown	2.59	2.65	-0.06
Martin ratio: Return relative to average drawdown	11.09	11.11	-0.01

SPUSX vs. SPGEX - Sharpe Ratio Comparison

The current SPUSX Sharpe Ratio is 1.70, which is comparable to the SPGEX Sharpe Ratio of 1.80. The chart below compares the historical Sharpe Ratios of SPUSX and SPGEX, 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

SPUSX vs. SPGEX - Drawdown Comparison

The maximum SPUSX drawdown since its inception was -36.46%, roughly equal to the maximum SPGEX drawdown of -35.03%. Use the drawdown chart below to compare losses from any high point for SPUSX and SPGEX.

Drawdown Indicators

	SPUSX	SPGEX	Difference
Max Drawdown Largest peak-to-trough decline	-36.46%	-35.03%	-1.43%
Max Drawdown (1Y) Largest decline over 1 year	-8.14%	-8.97%	+0.83%
Max Drawdown (3Y) Largest decline over 3 years	-20.15%	-16.00%	-4.15%
Max Drawdown (5Y) Largest decline over 5 years	-21.72%	-23.48%	+1.76%
Current Drawdown Current decline from peak	-0.80%	-1.38%	+0.58%
Average Drawdown Average peak-to-trough decline	-5.16%	-5.12%	-0.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.90%	2.13%	-0.23%

Volatility

SPUSX vs. SPGEX - Volatility Comparison

The current volatility for Symmetry Panoramic US Equity Fund (SPUSX) is 2.88%, while Symmetry Panoramic Global Equity Fund (SPGEX) has a volatility of 3.76%. This indicates that SPUSX experiences smaller price fluctuations and is considered to be less risky than SPGEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPUSX	SPGEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.88%	3.76%	-0.88%
Volatility (6M) Calculated over the trailing 6-month period	9.53%	10.94%	-1.41%
Volatility (1Y) Calculated over the trailing 1-year period	12.44%	13.17%	-0.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.62%	15.16%	+1.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.99%	16.49%	+2.50%

SPUSX vs. SPGEX - Expense Ratio Comparison

SPUSX has a 0.64% expense ratio, which is higher than SPGEX's 0.56% expense ratio.

Dividends

SPUSX vs. SPGEX - Dividend Comparison

SPUSX's dividend yield for the trailing twelve months is around 5.54%, less than SPGEX's 8.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
SPGEX Symmetry Panoramic Global Equity Fund	8.00%	9.12%	17.40%	3.71%	3.64%	4.84%	1.20%	2.33%	0.66%
SPUSX Symmetry Panoramic US Equity Fund	5.54%	6.29%	15.88%	4.05%	3.88%	6.99%	1.11%	1.99%	0.44%

Frequently Asked Questions

Can I hold both SPUSX and SPGEX in my portfolio?

With a correlation of 0.96, SPUSX and SPGEX 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, SPUSX or SPGEX?

SPGEX has higher volatility (3.76%) compared to SPUSX (2.88%). In terms of maximum drawdown, SPUSX dropped -36.46% vs SPGEX's -35.03%.

Which has better risk-adjusted returns?

SPGEX currently has the higher Sharpe Ratio (1.80 vs 1.70), 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.