SPGM vs VGI
State Street SPDR Portfolio MSCI Global Stock Market ETF vs Virtus Global Multi-Sector Income Fund
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 | SPGM | VGI | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 1.74% | |
| AUM | $1.7B | $88M | |
| Dividend Yield | 1.80% | 11.98% | |
| Holdings | 2,985 | 646 | |
| YTD Return | +15.55% | +1.20% | |
| 1Y Return | +25.40% | +4.44% | |
| 3Y Return (annualized) | +21.36% | +11.02% | |
| 5Y Return (annualized) | +11.64% | +1.85% | |
| Volatility (annualized) | 13.7% | 14.1% | |
| Max Drawdown | -34.0% | -63.3% | |
| Fund Family | SPDR State Street Global Advisors | Virtus Investment Partners | |
| Category | Equity | Fixed Income | |
| Inception | Feb 27, 2012 | Feb 23, 2012 |
SPGM vs VGI Performance
State Street SPDR Portfolio MSCI Global Stock Market ETF (SPGM) is a ETF from SPDR State Street Global Advisors and Virtus Global Multi-Sector Income Fund (VGI) is a ETF from Virtus Investment Partners. Over the past year SPGM returned +25.40% while VGI returned +4.44%. Year to date, SPGM is up 15.55% versus a gain of 1.20% for VGI.
Over three years, SPGM compounded at +21.36% per year against +11.02% for VGI; over five years the annualized figures are +11.64% and +1.85% respectively. Across the full 15-year window we track, SPGM has the edge at +9.96% annualized vs -2.40%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VGI has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 13.7% for SPGM. 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 -34.0% for SPGM and -63.3% for VGI. 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 0.74. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SPGM charges 0.09% per year while VGI charges 1.74%. On a $10,000 position that is $9 vs $174 annually, a gap of $165 per year that compounds over a long holding period. On income, SPGM currently yields 1.80% against 11.98% for VGI.
Holdings Overlap
SPGM and VGI share 0 holdings out of 3280 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SPGM or VGI?
SPGM has an expense ratio of 0.09% while VGI charges 1.74%. SPGM is the cheaper option. On a $10,000 investment, that is $165 per year of difference.
Which performed better, SPGM or VGI?
Over the past year SPGM returned +25.40% vs +4.44% for VGI, so SPGM leads on 1-year performance. Over the longest common window we track (15 years), SPGM annualized +9.96% vs -2.40% for VGI. Past performance does not guarantee future results.
Which is riskier, SPGM or VGI?
VGI has been the more volatile fund at 14.1% annualized versus 13.7% for SPGM. Worst drawdown: SPGM -34.0% vs VGI -63.3%.
Should I hold both SPGM and VGI?
SPGM and VGI have a monthly-return correlation of 0.74, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPGM and VGI?
SPGM and VGI share 0 common holdings with a 0.0% weight overlap. Combined, they hold 3280 unique securities.
Which pays a higher dividend, SPGM or VGI?
SPGM yields 1.80% while VGI yields 11.98%, so VGI currently pays the higher dividend yield.
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