State Street’s SPGM includes U.S. equities while SPDW excludes them, offering varying expense ratios and dividend yields.
State Street’s SPDR Portfolio MSCI Global Stock Market ETF (SPGM) provides broad global equity exposure, including U.S. stocks, while the SPDR Portfolio Developed World ex-US ETF (SPDW) focuses solely on developed markets outside the U.S. SPGM holds 2,927 stocks, with a 31% allocation to technology, while SPDW targets international diversification without domestic overlap.
SPDW offers a lower expense ratio of 0.03% compared to SPGM’s 0.09%, alongside a higher dividend yield of 3.10%. Both funds aim to mitigate country-specific risks but cater to different portfolio strategies, with SPGM serving as an all-in-one solution and SPDW as a developed-market building block.
Performance metrics, including beta relative to the S&P 500, are calculated from monthly returns over up to five years, though specific trailing returns were not detailed in the comparison.