IG vs SPGM
IG vs SPGM
Principal Investment Grade Corporate ETF vs State Street SPDR Portfolio MSCI Global Stock Market ETF
Quick Verdict
SPGM has a lower expense ratio. SPGM delivered stronger 1-year returns. SPGM offers more diversification with 2846 holdings.
Side-by-Side Comparison
| Metric | IG | SPGM | Winner |
|---|---|---|---|
| Expense Ratio | 0.19% | 0.09% | |
| AUM | $198M | $1.7B | |
| Dividend Yield | 5.07% | 1.80% | |
| Holdings | 248 | 2,985 | |
| YTD Return | -1.54% | +14.76% | |
| 1Y Return | +0.84% | +27.05% | |
| 3Y Return (annualized) | +4.56% | +20.87% | |
| 5Y Return (annualized) | -0.69% | +11.68% | |
| Volatility (annualized) | 8.0% | 13.6% | |
| Max Drawdown | -23.8% | -34.0% | |
| Fund Family | Principal Funds | SPDR State Street Global Advisors | |
| Category | Fixed Income | Equity | |
| Inception | Apr 18, 2018 | Feb 27, 2012 |
IG vs SPGM Performance
Principal Investment Grade Corporate ETF (IG) is a ETF from Principal Funds and State Street SPDR Portfolio MSCI Global Stock Market ETF (SPGM) is a ETF from SPDR State Street Global Advisors. Over the past year IG returned +0.84% while SPGM returned +27.05%. Year to date, IG is down 1.54% versus a gain of 14.76% for SPGM.
Over three years, IG compounded at +4.56% per year against +20.87% for SPGM; over five years the annualized figures are -0.69% and +11.68% respectively. Across the full 8-year window we track, SPGM has the edge at +9.92% annualized vs +0.59%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPGM has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 8.0% for IG. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -23.8% for IG and -34.0% for SPGM. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.68. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IG charges 0.19% per year while SPGM charges 0.09%. On a $10,000 position that is $19 vs $9 annually, a gap of $10 per year that compounds over a long holding period. On income, IG currently yields 5.07% against 1.80% for SPGM.
Holdings Overlap
IG and SPGM share 1 holdings out of 2990 unique holdings combined, representing a 0.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IG | Weight in SPGM | Difference |
|---|---|---|---|
| GVMXX | 1.91% | 0.23% | 1.68% |
Frequently Asked Questions
Which is cheaper, IG or SPGM?
IG has an expense ratio of 0.19% while SPGM charges 0.09%. SPGM is the cheaper option. On a $10,000 investment, that is $10 per year of difference.
Which performed better, IG or SPGM?
Over the past year IG returned +0.84% vs +27.05% for SPGM, so SPGM leads on 1-year performance. Over the longest common window we track (8 years), IG annualized +0.59% vs +9.92% for SPGM. Past performance does not guarantee future results.
Which is riskier, IG or SPGM?
SPGM has been the more volatile fund at 13.6% annualized versus 8.0% for IG. Worst drawdown: IG -23.8% vs SPGM -34.0%.
Should I hold both IG and SPGM?
IG and SPGM have a monthly-return correlation of 0.68, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IG and SPGM?
IG and SPGM share 1 common holdings with a 0.2% weight overlap. Combined, they hold 2990 unique securities.
Which pays a higher dividend, IG or SPGM?
IG yields 5.07% while SPGM yields 1.80%, so IG currently pays the higher dividend yield.
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