TEMP vs. SPGM

Last updated Jun 5, 2026

TEMP (JPMorgan Climate Change Solutions ETF) and SPGM (SPDR Portfolio MSCI Global Stock Market ETF) are both Global Equities funds. TEMP is actively managed, while SPGM is passively managed. Their correlation of 0.82 suggests significant overlap in exposure. TEMP charges 0.49%/yr vs 0.09%/yr for SPGM.

Performance

TEMP vs. SPGM - Performance Comparison

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

Returns By Period

TEMP

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPGM

• 1D: 0.57%
• 1M: 4.58%
• YTD: 13.52%
• 6M: 13.92%
• 1Y: 32.19%
• 3Y*: 21.80%
• 5Y*: 11.60%
• 10Y*: 12.97%

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

TEMP vs. SPGM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
TEMP JPMorgan Climate Change Solutions ETF	0.00%	18.26%	8.50%	10.19%	-21.11%	1.71%
SPGM SPDR Portfolio MSCI Global Stock Market ETF	13.52%	23.62%	16.75%	21.34%	-17.53%	2.80%

Correlation

The correlation between TEMP and SPGM is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (All Time) Calculated using the full available price history since Dec 15, 2021	0.82

Over the past year, the correlation between TEMP and SPGM has dropped to 0.36 - well below their long-term average of 0.82, suggesting their price drivers have been diverging.

TEMP vs. SPGM - Sectors Allocation Comparison

Sectors	TEMP	SPGM
Industrials	58.3%	13.1%
Utilities	18.8%	2.2%
Technology	13.7%	27.4%
Basic Materials	3.7%	3.9%
Consumer Cyclical	3.5%	9.2%
Financial Services	2.1%	16.4%
Communication Services	-	8.5%
Consumer Defensive	-	4.8%
Energy	-	4.5%
Healthcare	-	8.2%
Real Estate	-	1.9%

Return for Risk

TEMP vs. SPGM — Risk / Return Rank

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

SPGM

SPGM Risk / Return Rank: 76
SPGM Sharpe Ratio Rank: 78
SPGM Sortino Ratio Rank: 78
SPGM Omega Ratio Rank: 77
SPGM Calmar Ratio Rank: 69
SPGM Martin Ratio Rank: 79

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.

TEMP vs. SPGM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Climate Change Solutions ETF (TEMP) and SPDR Portfolio MSCI Global Stock Market ETF (SPGM). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	TEMP	SPGM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.51	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.73	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.74	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.66	—

Drawdowns

Drawdown Indicators

	TEMP	SPGM	Difference
Max Drawdown Largest peak-to-trough decline	—	-33.97%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-9.50%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-16.90%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.93%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.97%	—
Current Drawdown Current decline from peak	—	-0.30%	—
Average Drawdown Average peak-to-trough decline	—	-4.81%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.10%	—

Volatility

Volatility by Period

	TEMP	SPGM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.87%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.36%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	12.88%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	16.03%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	17.57%	—

TEMP vs. SPGM - Expense Ratio Comparison

TEMP has a 0.49% expense ratio, which is higher than SPGM's 0.09% expense ratio.

Dividends

TEMP vs. SPGM - Dividend Comparison

TEMP has not paid dividends to shareholders, while SPGM's dividend yield for the trailing twelve months is around 1.78%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SPGM SPDR Portfolio MSCI Global Stock Market ETF	1.78%	1.89%	1.98%	2.09%	2.37%	1.94%	1.45%	2.46%	1.89%	2.29%	1.87%	3.70%
TEMP JPMorgan Climate Change Solutions ETF	0.00%	0.00%	1.53%	1.11%	1.07%	0.06%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TEMP and SPGM in my portfolio?

TEMP and SPGM have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TEMP or SPGM?

On fees, SPGM is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TEMP or SPGM?

SPGM is cheaper with a 0.09% expense ratio, compared with 0.49% for TEMP.

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

SPGM has the higher dividend yield at 1.78%, compared with 0.00% for TEMP.

What is the main difference between TEMP and SPGM?

They also come from different issuers: JPMorgan and State Street. Their fees differ too: 0.49% for TEMP and 0.09% for SPGM.