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ETFs

SPDR Portfolio MSCI Global Stock Market ETF

SPGM
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Feb 27 2012
Expense Ratio
0.09%
Type
Global Equities
Fund Owner
State Street (SPDR)
Volume (1m avg. daily)
$1,987,151
AUM
$617,949,460
Associated Index
MSCI ACWI IMI Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

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0.82%
UNH
Unitedhealth Group Inc
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Invest with SPGM

What is SPGM?

The SPDR Portfolio MSCI Global Stock Market ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the MSCI ACWI IMI Index (the "Index"). The MSCI ACWI IMI Index is a free float-adjusted market capitalization-weighted index that is designed to measure the combined equity market performance of developed and emerging markets. The Index covers approximately 99% of the global equity investment opportunity set.

ETFs related toSPGM

ETFs correlated to SPGM include VT, ACWI, CRBN

SPGM
SSgA Active Trust - SPDR Portfolio MSCI Global Stock Market ETF
VT
Vanguard Group, Inc. - Vanguard Total World Stock ETF
ACWI
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI ETF
CRBN
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI Low Carbon Target ETF
URTH
BlackRock Institutional Trust Company N.A. - iShares MSCI World ETF
AOA
BlackRock Institutional Trust Company N.A. - iShares Core Aggressive Allocation ETF
AVGE
American Century ETF Trust - Avantis All Equity Markets ETF
DFAU
Dimensional ETF Trust - Dimensional US Core Equity Market ETF
IWV
BlackRock Institutional Trust Company N.A. - iShares Russell 3000 ETF
ITOT
BlackRock Institutional Trust Company N.A. - iShares Core S&P Total U.S. Stock Market ETF
VTI
Vanguard Group, Inc. - Vanguard Total Stock Market ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toSPGM

#WIR

When Inflation is Rising

Category

Living With High Inflation, Worried about Inflation?

Risk Rating

Moderate

#DPE

Diversify with Private Equity

Category

Getting Started, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with SPGM using Composer

FAQ

SPGM is a Global Equities ETF. The SPDR Portfolio MSCI Global Stock Market ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the MSCI ACWI IMI Index (the "Index"). The MSCI ACWI IMI Index is a free float-adjusted market capitalization-weighted index that is designed to measure the combined equity market performance of developed and emerging markets. The Index covers approximately 99% of the global equity investment opportunity set.

SPGM tracks the MSCI ACWI IMI Index.

No, SPGM is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, SPGM is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on SPGM is -0.0082%. This is the percent change in the value of SPGM over the most recent 1-month period. The 3-month return on SPGM is -0.0072%. This is the percent change in the value of SPGM over the most recent 3-month period.

The standard deviation of SPGM for the past year is 0.1634%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to SPGM include EZU, VEA, and EFA.

ETFs correlated to SPGM include VT, ACWI, and CRBN.

ETFs that are inversely correlated to SPGM include SH, SDS, and SPXS.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.