VT vs. SPGM
Compare and contrast key facts about Vanguard Total World Stock ETF (VT) and SPDR Portfolio MSCI Global Stock Market ETF (SPGM).
VT and SPGM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. 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. Both VT and SPGM 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: VT or SPGM.
Key characteristics
| VT | SPGM | |
|---|---|---|
| YTD Return | 4.17% | 4.23% |
| 1Y Return | 19.58% | 19.22% |
| 3Y Return (Ann) | 3.70% | 4.04% |
| 5Y Return (Ann) | 9.50% | 9.70% |
| 10Y Return (Ann) | 8.41% | 8.62% |
| Sharpe Ratio | 1.67 | 1.64 |
| Daily Std Dev | 11.58% | 11.56% |
| Max Drawdown | -50.27% | -94.43% |
| Current Drawdown | -3.38% | -81.32% |
Correlation
The correlation between VT and SPGM is 0.80, 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.
Performance
VT vs. SPGM - Performance Comparison
The year-to-date returns for both investments are quite close, with VT having a 4.17% return and SPGM slightly higher at 4.23%. Both investments have delivered pretty close results over the past 10 years, with VT having a 8.41% annualized return and SPGM not far ahead at 8.62%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VT vs. SPGM - Expense Ratio Comparison
VT has a 0.07% expense ratio, which is lower than SPGM's 0.09% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
VT vs. SPGM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total World Stock ETF (VT) 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.
Dividends
VT vs. SPGM - Dividend Comparison
VT's dividend yield for the trailing twelve months is around 2.13%, more than SPGM's 2.01% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VT Vanguard Total World Stock ETF | 2.13% | 2.08% | 2.20% | 1.82% | 1.66% | 2.32% | 2.53% | 2.11% | 2.39% | 2.45% | 2.44% | 2.06% |
SPGM SPDR Portfolio MSCI Global Stock Market ETF | 2.01% | 2.09% | 2.37% | 1.94% | 1.45% | 2.46% | 1.89% | 2.29% | 1.87% | 3.70% | 2.18% | 1.74% |
Drawdowns
VT vs. SPGM - Drawdown Comparison
The maximum VT drawdown since its inception was -50.27%, smaller than the maximum SPGM drawdown of -94.43%. Use the drawdown chart below to compare losses from any high point for VT and SPGM. For additional features, visit the drawdowns tool.
Volatility
VT vs. SPGM - Volatility Comparison
Vanguard Total World Stock ETF (VT) and SPDR Portfolio MSCI Global Stock Market ETF (SPGM) have volatilities of 3.35% and 3.31%, 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.