WAGN vs. SPGM
WAGN (Pabrai Wagons ETF) and SPGM (SPDR Portfolio MSCI Global Stock Market ETF) are both Global Equities funds. WAGN is actively managed, while SPGM is passively managed. At a correlation of -1.00, they often move in opposite directions. WAGN charges 0.90%/yr vs 0.09%/yr for SPGM.
Performance
WAGN vs. SPGM - Performance Comparison
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Returns By Period
WAGN
- 1D
- -0.29%
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPGM
- 1D
- -0.67%
- 1M
- -1.36%
- YTD
- 11.80%
- 6M
- 11.80%
- 1Y
- 25.62%
- 3Y*
- 19.90%
- 5Y*
- 11.08%
- 10Y*
- 12.93%
WAGN vs. SPGM - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
WAGN Pabrai Wagons ETF | -1.29% |
SPGM SPDR Portfolio MSCI Global Stock Market ETF | 0.06% |
Correlation
The correlation between WAGN and SPGM is -1.00, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 30, 2026 | -1.00 |
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Return for Risk
WAGN vs. SPGM — Risk / Return Rank
WAGN
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SPGM
WAGN vs. SPGM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pabrai Wagons ETF (WAGN) 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.
| WAGN | SPGM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.34 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.71 | — |
| Martin ratioReturn relative to average drawdown | — | 11.75 | — |
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Drawdowns
WAGN vs. SPGM - Drawdown Comparison
The maximum WAGN drawdown since its inception was -1.29%, smaller than the maximum SPGM drawdown of -33.97%. Use the drawdown chart below to compare losses from any high point for WAGN and SPGM.
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Drawdown Indicators
| WAGN | SPGM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.29% | -33.97% | +32.68% |
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 DrawdownCurrent decline from peak | -1.29% | -1.81% | +0.52% |
Average DrawdownAverage peak-to-trough decline | -1.15% | -4.79% | +3.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.19% | — |
Volatility
WAGN vs. SPGM - Volatility Comparison
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Volatility by Period
| WAGN | SPGM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.66% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 11.50% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 8.04% | 13.71% | -5.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.04% | 16.17% | -8.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.04% | 17.45% | -9.41% |
WAGN vs. SPGM - Expense Ratio Comparison
WAGN has a 0.90% expense ratio, which is higher than SPGM's 0.09% expense ratio.
Dividends
WAGN vs. SPGM - Dividend Comparison
WAGN has not paid dividends to shareholders, while SPGM's dividend yield for the trailing twelve months is around 1.81%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPGM SPDR Portfolio MSCI Global Stock Market ETF | 1.81% | 1.89% | 1.98% | 2.09% | 2.37% | 1.94% | 1.45% | 2.46% | 1.89% | 2.29% | 1.87% | 3.70% |
WAGN Pabrai Wagons ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
WAGN and SPGM have a correlation of -1.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
SPGM is cheaper with a 0.09% expense ratio, compared with 0.90% for WAGN.
SPGM has the higher dividend yield at 1.81%, compared with 0.00% for WAGN.
They also come from different issuers: Pabrai and State Street. Their fees differ too: 0.90% for WAGN and 0.09% for SPGM.
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