SPDR Portfolio MSCI Global Stock Market (SPGM) Performance
SPGM total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +12.2% since Dec 31, 2025
- 1 year
- +14.8% total return
- 5 years
- +10.5% a year
- 10 years
- +12.4% a year
- Since first price
- +11.1% a year since 2012
SPGM trailing returns vs SPY, QQQ, AGG
| Period | SPGM total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −2.1% | −2.1% | −1.0% | −5.0% | +0.9% |
| 3 months | +1.3% | +1.3% | +3.2% | +1.9% | −0.4% |
| 6 months | +5.5% | +4.7% | +7.8% | +8.4% | −1.5% |
| YTD | +12.2% | +11.3% | +12.3% | +15.1% | −1.0% |
| 1 year | +14.8% | +12.6% | +14.4% | +15.9% | −1.1% |
| 3 years | +84.6%+22.7%/yr | +74.1% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +64.8%+10.5%/yr | +48.4% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +222.6%+12.4%/yr | +161.5% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| Since inceptionMar 5, 2012 | +364.8%+11.1%/yr | +239.9% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: SPGM vs SPY
From Mar 5, 2012: SPGM grew to $46,479, SPY to $71,709.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
SPGM returns by calendar year
10 of 13 full years positive. Best 2019 (+26.6%), worst 2022 (−17.5%). 2026 is year to date.
SPGM annual returns table
| Year | SPGM | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +12.2% | −9.5% | +12.3% | +15.1% | −1.0% |
| 2025 | +23.6% | −16.9% | +17.7% | +20.8% | +7.2% |
| 2024 | +16.7% | −8.6% | +24.9% | +25.6% | +1.3% |
| 2023 | +21.3% | −11.4% | +26.2% | +54.9% | +5.7% |
| 2022 | −17.5% | −25.9% | −18.2% | −32.6% | −13.0% |
| 2021 | +21.1% | −5.5% | +28.7% | +27.4% | −1.8% |
| 2020 | +15.3% | −34.0% | +18.3% | +48.6% | +7.5% |
| 2019 | +26.6% | −6.9% | +31.2% | +39.0% | +8.5% |
| 2018 | −10.1% | −19.4% | −4.6% | −0.1% | +0.1% |
| 2017 | +23.3% | −2.1% | +21.7% | +32.7% | +3.6% |
| 2016 | +8.6% | −11.4% | +12.0% | +7.1% | +2.4% |
| 2015 | −2.1% | −17.5% | +1.2% | +9.4% | +0.5% |
| 2014 | +8.4% | −13.8% | +13.5% | +19.2% | +6.0% |
| 2013 | +25.4% | −8.4% | +32.3% | +36.6% | −2.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
SPGM largest drawdowns
Now 3.7% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 12, 2020 | −34.0% | Mar 23, 2020 | Aug 24, 2020 | 40 days | 6 months |
| Jan 4, 2022 | −25.9% | Oct 12, 2022 | Jan 25, 2024 | 9 months | 2.1 years |
| Jun 19, 2015 | −23.3% | Feb 11, 2016 | Feb 21, 2017 | 8 months | 1.7 years |
| Jan 26, 2018 | −19.4% | Dec 24, 2018 | Oct 24, 2019 | 11 months | 1.7 years |
| Feb 18, 2025 | −16.9% | Apr 8, 2025 | Jun 2, 2025 | 49 days | 3 months |
| Jul 10, 2014 | −13.8% | Oct 15, 2014 | Dec 3, 2014 | 3 months | 5 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
SPGM risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2012 |
|---|---|---|---|---|
| Annualized return | +22.0% | +11.9% | +12.5% | +11.2% |
| Volatility (annualized) | 11.7% | 14.9% | 14.7% | 13.6% |
| Sharpe ratio | 1.40 | 0.60 | 0.72 | 0.74 |
| Sortino ratio | 2.71 | 0.92 | 1.11 | 1.15 |
| Best month | +9.3% | +9.3% | +12.8% | +12.8% |
| Worst month | −6.2% | −9.6% | −13.7% | −13.7% |
| Best 12 months | +34.8% | +34.8% | +58.2% | +58.2% |
| Worst 12 months | +6.7% | −20.0% | −20.0% | −20.0% |
| Positive months | 72% | 63% | 69% | 66% |
| Beta vs S&P 500 | 0.90 | 0.92 | 0.93 | — |
| Correlation with S&P 500 | 0.96 | 0.97 | 0.97 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
SPGM rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 164 | −20.0% | +14.1% | +58.2% | 82% |
| 3-year (a year) | 140 | +1.3% | +9.0% | +23.1% | 100% |
| 5-year (a year) | 116 | +2.6% | +10.4% | +15.5% | 100% |
| 10-year (a year) | 56 | +7.2% | +9.3% | +13.3% | 100% |
Every holding period starting at a month-end since 2012. Returns for 3 years and longer are annualized.
SPGM performance overview
SPDR Portfolio MSCI Global Stock Market (SPGM) returned +14.8% over the past year and +12.4% a year over ten years, with distributions reinvested. Since its first recorded price in 2012 it has returned +11.1% a year, turning $10,000 into about $46,479. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −34.0%, from Feb 12, 2020 to Mar 23, 2020, and it took 5 months to get back to the old high. SPGM finished 10 of its 13 full calendar years with a gain; the best year was 2019 (+26.6%) and the worst 2022 (−17.5%). Volatility has been 13.6% a year.
Related: SPGM chart, SPGM holdings, SPGM dividends, SPGM valuation. See the SPGM overview for the latest quote and fund facts.
SPGM performance FAQ
What is the SPGM return over the past year?
SPGM returned +14.8% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 12.6%.
What is the average annual return of SPGM?
SPGM has returned +10.5% a year over 5 years, +12.4% a year over 10 years, +11.1% a year since March 5, 2012 (total return, distributions reinvested).
How much would $10,000 invested in SPGM be worth?
$10,000 invested in SPGM at its first recorded close on March 5, 2012 would be worth about $46,479 on October 23, 2026 with distributions reinvested.
What was the worst year for SPGM?
The worst calendar year was 2022, with a total return of −17.5%. The best was 2019 at +26.6%.
What is the biggest drawdown of SPGM?
The largest peak-to-trough decline was −34.0% between February 12, 2020 and March 23, 2020. It recovered to the old high on August 24, 2020, 5 months after the bottom.
How volatile is SPGM?
Over the past 3 years SPGM had an annualized volatility of 11.7% and a Sharpe ratio of 1.40 (excess return over 1–3 month T-bills per unit of risk).