
The State Street SPDR Portfolio MSCI Global Stock Market ETF (SPGM) aims to replicate the total return performance of the MSCI ACWI IMI Index, prior to accounting for fees and expenses. This ETF is an affordable component of the SPDR Portfolio series, designed as a core investment to provide comprehensive and diversified access to global equity markets. It offers broad exposure to both established and developing markets, covering companies across the entire range of market capitalizations, which can help lessen country-specific investment risks.
Is SPGM's expense ratio expensive, average, or a steal for its category?
Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.

SPGM's total-world approach delivered 23.1% one-year gains versus IEFA's 19.9%, though the iShares fund offers higher dividend income and lower costs.

SPGM includes emerging markets and small-cap exposure that URTH lacks, while delivering stronger one-year returns despite similar volatility profiles.

State Street's fund covers emerging markets and small-caps with a lower expense ratio, while iShares focuses on developed markets only.

Explore how these global equity funds differ in diversification, sector exposure, and portfolio size to help refine your international investing strategy.

Vanguard FTSE Emerging Markets ETF offers a low expense ratio of 0.06% and focuses strictly on developing economies such as China and Taiwan State Street SPDR Portfolio MSCI Global Stock Market ETF provides broader diversification across both developed and emerging markets but at a slightly higher cost of 0.09% State Street SPDR Portfolio MSCI Global Stock Market ETF has delivered higher total returns over the last five years and experienced a shallower maximum drawdown than Vanguard FTSE Emerging Markets ETF