WSGE vs. SPGM
WSGE (Warren Street Global Equity ETF) and SPGM (SPDR Portfolio MSCI Global Stock Market ETF) are both Global Equities funds. WSGE is actively managed, while SPGM is passively managed. Their 0.98 correlation means they have historically moved very closely together. WSGE charges 0.80%/yr vs 0.09%/yr for SPGM.
Performance
WSGE vs. SPGM - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both stocks are quite close, with WSGE having a 11.90% return and SPGM slightly lower at 11.77%.
WSGE
- 1D
- 0.16%
- 1M
- 0.07%
- 6M
- 8.66%
- YTD
- 11.90%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
SPGM
- 1D
- 0.22%
- 1M
- -0.02%
- 6M
- 8.38%
- YTD
- 11.77%
- 1Y
- 25.45%
- 3Y*
- 18.71%
- 5Y*
- 11.13%
- 10Y*
- 12.68%
- ALL TIME*
- 11.23%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $10.27M | $14.25M | $20.66M | |
| $11.25K | $8.63K | $43.18K |
WSGE vs. SPGM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
WSGE Warren Street Global Equity ETF | 11.90% | 0.11% |
SPGM SPDR Portfolio MSCI Global Stock Market ETF | 11.77% | 0.59% |
Correlation
The correlation between WSGE and SPGM is 0.98 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 9, 2025 | 0.98 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
WSGE vs. SPGM — Risk / Return Rank
WSGE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SPGM
WSGE vs. SPGM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Warren Street Global Equity ETF (WSGE) 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.
| WSGE | SPGM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.31 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.54 | — |
| Martin ratioReturn relative to average drawdown | — | 10.70 | — |
Loading charts...
Drawdowns
WSGE vs. SPGM - Drawdown Comparison
The maximum WSGE drawdown since its inception was -9.25%, smaller than the maximum SPGM drawdown of -33.97%. Use the drawdown chart below to compare losses from any high point for WSGE and SPGM.
Loading charts...
Drawdown Indicators
| WSGE | SPGM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.25% | -33.97% | +24.72% |
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 | -1.00% | -1.83% | +0.83% |
Average DrawdownAverage peak-to-trough decline | -1.59% | -4.77% | +3.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.25% | — |
Volatility
WSGE vs. SPGM - Volatility Comparison
Loading charts...
Volatility by Period
| WSGE | SPGM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.94% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 11.76% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 15.30% | 14.05% | +1.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.30% | 16.18% | -0.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.30% | 17.35% | -2.05% |
WSGE vs. SPGM - Expense Ratio Comparison
WSGE has a 0.80% expense ratio, which is higher than SPGM's 0.09% expense ratio.
Dividends
WSGE vs. SPGM - Dividend Comparison
WSGE's dividend yield for the trailing twelve months is around 0.24%, less than SPGM's 1.81% yield.
| 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% |
WSGE Warren Street Global Equity ETF | 0.24% | 0.27% | 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 0.98, WSGE 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 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 0.80% for WSGE.
SPGM has the higher dividend yield at 1.81%, compared with 0.24% for WSGE.
They also come from different issuers: Alpha Architect and State Street. Their fees differ too: 0.80% for WSGE and 0.09% for SPGM.
Find the right allocation for WSGE and SPGM
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer