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TGLB vs. SPGM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TGLB vs. SPGM

Last updated Jun 26, 2026

TGLB (T. Rowe Price Global Equity ETF) and SPGM (SPDR Portfolio MSCI Global Stock Market ETF) are both Global Equities funds. Over the past year, TGLB returned 13.13% vs 27.26% for SPGM. Their correlation of 0.91 suggests significant overlap in exposure. TGLB charges 0.46%/yr vs 0.09%/yr for SPGM.

Performance

TGLB vs. SPGM - Performance Comparison

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

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Returns By Period

In the year-to-date period, TGLB achieves a 8.78% return, which is significantly lower than SPGM's 11.08% return.

TGLB

1D
0.09%
1M
-1.24%
YTD
8.78%
6M
7.27%
1Y
13.13%
3Y*
—
5Y*
—
10Y*
—

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

TGLB vs. SPGM - Yearly Performance Comparison

2026 (YTD)2025
TGLB
T. Rowe Price Global Equity ETF		8.78%3.99%
SPGM
SPDR Portfolio MSCI Global Stock Market ETF		11.08%14.57%

Correlation

The correlation between TGLB and SPGM 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 (All Time)
Calculated using the full available price history since Jun 26, 2025

0.91

TGLB vs. SPGM - Sectors Allocation Comparison

Sectors
TGLB
SPGM

Technology

34.5%
30.7%

Financial Services

17.4%
15.7%

Communication Services

11.8%
8.2%

Industrials

9.0%
12.5%

Healthcare

7.8%
7.9%

Consumer Cyclical

7.7%
9.0%

Basic Materials

6.1%
3.8%

Utilities

2.6%
2.0%

Energy

2.0%
4.0%

Consumer Defensive

1.1%
4.5%

Real Estate

-

1.8%

Technology

TGLB
34.5%
SPGM
30.7%

Financial Services

TGLB
17.4%
SPGM
15.7%

Communication Services

TGLB
11.8%
SPGM
8.2%

Industrials

TGLB
9.0%
SPGM
12.5%

Healthcare

TGLB
7.8%
SPGM
7.9%

Consumer Cyclical

TGLB
7.7%
SPGM
9.0%

Basic Materials

TGLB
6.1%
SPGM
3.8%

Utilities

TGLB
2.6%
SPGM
2.0%

Energy

TGLB
2.0%
SPGM
4.0%

Consumer Defensive

TGLB
1.1%
SPGM
4.5%

Real Estate

TGLB

-

SPGM
1.8%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

T. Rowe Price Global Equity ETF

SPDR Portfolio MSCI Global Stock Market ETF

Often compared with TGLB:
TGLB vs. TFLRTGLB vs. BDVLTGLB vs. WBIFTGLB vs. FIXTTGLB vs. IDVTGLB vs. FYLDTGLB vs. AVGV
Often compared with SPGM:
SPGM vs. VTSPGM vs. VOOSPGM vs. VXUSSPGM vs. CWISPGM vs. QWLDSPGM vs. SWRD.ASSPGM vs. SPGP

Return for Risk

TGLB vs. SPGM — Risk / Return Rank

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

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

SPGM
SPGM Risk / Return Rank: 7171
Overall Rank
SPGM Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
SPGM Sortino Ratio Rank: 6969
Sortino Ratio Rank
SPGM Omega Ratio Rank: 7272
Omega Ratio Rank
SPGM Calmar Ratio Rank: 6767
Calmar Ratio Rank
SPGM Martin Ratio Rank: 7676
Martin Ratio Rank
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.

TGLB vs. SPGM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Global Equity ETF (TGLB) 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.

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.

TGLBSPGMDifference
Sharpe ratioReturn per unit of total volatility

—

2.00

—

Sortino ratioReturn per unit of downside risk

—

2.73

—

Omega ratioGain probability vs. loss probability

—

1.37

—

Calmar ratioReturn relative to maximum drawdown

—

2.88

—

Martin ratioReturn relative to average drawdown

—

12.59

—

TGLB vs. SPGM - Sharpe Ratio Comparison

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Drawdowns

TGLB vs. SPGM - Drawdown Comparison

The maximum TGLB drawdown since its inception was -9.78%, smaller than the maximum SPGM drawdown of -33.97%. Use the drawdown chart below to compare losses from any high point for TGLB and SPGM.

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Drawdown Indicators

TGLBSPGMDifference

Max Drawdown

Largest peak-to-trough decline

-9.78%

-33.97%

+24.19%

Max Drawdown (1Y)

Largest decline over 1 year

-9.78%

-9.50%

-0.28%

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

-3.49%

-2.45%

-1.04%

Average Drawdown

Average peak-to-trough decline

-1.83%

-4.79%

+2.96%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

2.17%

—

Volatility

TGLB vs. SPGM - Volatility Comparison

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Volatility by Period

TGLBSPGMDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

5.49%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

11.41%

—

Volatility (1Y)

Calculated over the trailing 1-year period

14.21%

13.67%

+0.54%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.21%

16.16%

-1.95%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.21%

17.49%

-3.28%

TGLB vs. SPGM - Expense Ratio Comparison

TGLB has a 0.46% expense ratio, which is higher than SPGM's 0.09% expense ratio.

Dividends

TGLB vs. SPGM - Dividend Comparison

TGLB's dividend yield for the trailing twelve months is around 0.18%, less than SPGM's 1.82% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
TGLB
T. Rowe Price Global Equity ETF		0.18%0.20%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

With a correlation of 0.91, TGLB and SPGM 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.

On 1-year performance, SPGM leads with 27.26% vs 13.13% for TGLB. 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.

Over the 1-year period, SPGM has performed better with a 27.26% return vs 13.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SPGM is cheaper with a 0.09% expense ratio, compared with 0.46% for TGLB.

SPGM has the higher dividend yield at 1.82%, compared with 0.18% for TGLB.

They also come from different issuers: T. Rowe Price and State Street. Their fees differ too: 0.46% for TGLB and 0.09% for SPGM.

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