SPYM vs. PRGSX

Last updated Jun 9, 2026

SPYM (State Street SPDR Portfolio S&P 500 ETF) and PRGSX (T. Rowe Price Global Stock Fund) are both funds - SPYM is a S&P 500 fund tracking the S&P 500 Index, while PRGSX is a Global Equities fund managed by T. Rowe Price. Over the past 10 years, SPYM returned 15.40%/yr vs 16.13%/yr for PRGSX. Their correlation of 0.82 suggests significant overlap in exposure. SPYM charges 0.02%/yr vs 0.82%/yr for PRGSX.

Performance

SPYM vs. PRGSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street SPDR Portfolio S&P 500 ETF (SPYM) and T. Rowe Price Global Stock Fund (PRGSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPYM achieves a 8.75% return, which is significantly lower than PRGSX's 16.26% return. Both investments have delivered pretty close results over the past 10 years, with SPYM having a 15.40% annualized return and PRGSX not far ahead at 16.13%.

SPYM

• 1D: 0.24%
• 1M: 0.23%
• YTD: 8.75%
• 6M: 8.78%
• 1Y: 24.91%
• 3Y*: 21.46%
• 5Y*: 13.50%
• 10Y*: 15.40%

PRGSX

• 1D: -5.35%
• 1M: 0.01%
• YTD: 16.26%
• 6M: 16.21%
• 1Y: 34.05%
• 3Y*: 21.75%
• 5Y*: 8.62%
• 10Y*: 16.13%

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

SPYM vs. PRGSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SPYM State Street SPDR Portfolio S&P 500 ETF	8.75%	17.79%	25.00%	26.24%	-18.09%	28.78%	18.49%	31.99%	-4.78%	21.30%
PRGSX T. Rowe Price Global Stock Fund	16.26%	21.42%	16.80%	25.70%	-28.01%	9.81%	52.29%	35.84%	-4.51%	32.64%

Correlation

The correlation between SPYM and PRGSX is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.90
Correlation (All Time) Calculated using the full available price history since Nov 15, 2005	0.82

The correlation between SPYM and PRGSX shifts across timeframes, from 0.82 (all time) to 0.92 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

SPYM vs. PRGSX — Risk / Return Rank

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

SPYM

SPYM Risk / Return Rank: 69
SPYM Sharpe Ratio Rank: 71
SPYM Sortino Ratio Rank: 68
SPYM Omega Ratio Rank: 71
SPYM Calmar Ratio Rank: 62
SPYM Martin Ratio Rank: 75

PRGSX

PRGSX Risk / Return Rank: 48
PRGSX Sharpe Ratio Rank: 45
PRGSX Sortino Ratio Rank: 38
PRGSX Omega Ratio Rank: 43
PRGSX Calmar Ratio Rank: 57
PRGSX Martin Ratio Rank: 59

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.

SPYM vs. PRGSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street SPDR Portfolio S&P 500 ETF (SPYM) and T. Rowe Price Global Stock Fund (PRGSX). 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.

	SPYM	PRGSX	Difference
Sharpe ratio: Return per unit of total volatility	2.08	1.88	+0.19
Sortino ratio: Return per unit of downside risk	2.80	2.46	+0.34
Omega ratio: Gain probability vs. loss probability	1.38	1.34	+0.04
Calmar ratio: Return relative to maximum drawdown	2.81	2.77	+0.04
Martin ratio: Return relative to average drawdown	12.97	11.24	+1.74
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPYM vs. PRGSX - Sharpe Ratio Comparison

The current SPYM Sharpe Ratio is 2.08, which is comparable to the PRGSX Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of SPYM and PRGSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SPYM	PRGSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.08	1.88	+0.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.81	0.44	+0.37
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.86	0.82	+0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	0.52	+0.09

Drawdowns

SPYM vs. PRGSX - Drawdown Comparison

The maximum SPYM drawdown since its inception was -54.46%, smaller than the maximum PRGSX drawdown of -64.06%. Use the drawdown chart below to compare losses from any high point for SPYM and PRGSX.

Drawdown Indicators

	SPYM	PRGSX	Difference
Max Drawdown Largest peak-to-trough decline	-54.46%	-64.06%	+9.60%
Max Drawdown (1Y) Largest decline over 1 year	-8.90%	-12.77%	+3.87%
Max Drawdown (3Y) Largest decline over 3 years	-18.72%	-21.13%	+2.41%
Max Drawdown (5Y) Largest decline over 5 years	-24.48%	-38.11%	+13.63%
Max Drawdown (10Y) Largest decline over 10 years	-33.87%	-38.11%	+4.24%
Current Drawdown Current decline from peak	-2.66%	-6.08%	+3.42%
Average Drawdown Average peak-to-trough decline	-7.15%	-13.48%	+6.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.92%	3.14%	-1.22%

Volatility

SPYM vs. PRGSX - Volatility Comparison

The current volatility for State Street SPDR Portfolio S&P 500 ETF (SPYM) is 3.72%, while T. Rowe Price Global Stock Fund (PRGSX) has a volatility of 7.75%. This indicates that SPYM experiences smaller price fluctuations and is considered to be less risky than PRGSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPYM	PRGSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.72%	7.75%	-4.03%
Volatility (6M) Calculated over the trailing 6-month period	9.30%	15.88%	-6.58%
Volatility (1Y) Calculated over the trailing 1-year period	12.07%	18.76%	-6.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.84%	19.80%	-2.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.02%	19.84%	-1.82%

SPYM vs. PRGSX - Expense Ratio Comparison

SPYM has a 0.02% expense ratio, which is lower than PRGSX's 0.82% expense ratio.

Dividends

SPYM vs. PRGSX - Dividend Comparison

SPYM's dividend yield for the trailing twelve months is around 1.02%, less than PRGSX's 8.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PRGSX T. Rowe Price Global Stock Fund	8.26%	9.60%	6.73%	0.27%	0.00%	13.67%	5.67%	2.21%	5.81%	0.03%	0.63%	0.33%
SPYM State Street SPDR Portfolio S&P 500 ETF	1.02%	1.13%	1.28%	1.44%	1.69%	1.25%	1.54%	1.79%	2.23%	1.75%	1.97%	1.98%

Frequently Asked Questions

Can I hold both SPYM and PRGSX in my portfolio?

With a correlation of 0.91, SPYM and PRGSX 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, SPYM or PRGSX?

PRGSX has higher volatility (7.75%) compared to SPYM (3.72%). In terms of maximum drawdown, SPYM dropped -54.46% vs PRGSX's -64.06%.

Which has better risk-adjusted returns?

SPYM currently has the higher Sharpe Ratio (2.08 vs 1.88), 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.