DGT vs SPGM: Grades, Fees and Holdings Compared

State Street SPDR Global Dow ETF

DGTCNYSE Arca

State Street SPDR Portfolio MSCI Global Stock Market ETF

SPGMANYSE Arca

Overlap

34.3%by weight

Expense ratio

SPGM −0.41pt a year

DGT0.50%SPGM0.09%

Avg volume · 30D

SPGM 8.9×the volume

DGT12.7KSPGM113K

10Y return · a year

DGT +1.5pt

DGT+13.9%SPGM+12.4%

DGT vs SPGM Performance

Nov 9, 2021 – Nov 9, 2026

+92.0%DGT+60.9%SPGM

Expense ratio: DGT 0.50%; SPGM 0.09%, better
Fund size: DGT $658M; SPGM $1.75B
1Y total return: DGT +20.4%, better; SPGM +14.5%
Yield (12M): DGT 2.48%, better; SPGM 1.81%
Holdings: DGT 173; SPGM 2920
Avg volume (30D): DGT 12.7K sh; SPGM 113K sh, better
NAV per share: DGT $186.70; SPGM $82.81
52W range

ETF.net Grade

Pillar letters and Scores for DGT, SPGM, with each pillar’s weight
Pillar	DGT	SPGM
Cost30% weight	F13	A73Higher
Mission25% weight	A94	A100Higher
Risk15% weight	A76Higher	C48
Tradability15% weight	D29	C49Higher
Holdings10% weight	A81Higher	A71
Durability5% weight	C44	C54Higher

Rank among MSCI ACWI / World funds

How we build Categories ›

Same Category. DGT and SPGM are both graded against the same 6 MSCI ACWI / World funds, so their Grades compare head to head.

MSCI ACWI / World⁠

Category · 6 funds

See all 6 ›

SPGM ranks 2nd and DGT 6th of 6 funds in the MSCI ACWI / World Category.

Rank 1AVTVanguard Total World Stock ETFScore 78
Rank 2ASPGMState Street SPDR Portfolio MSCI Global Stock Market ETFScore 71
Rank 3BACWIiShares MSCI ACWI ETFScore 62
Rank 5BIOOiShares Global 100 ETFScore 56
Rank 6CDGTState Street SPDR Global Dow ETFScore 53

Our read on each fund

ETF.net Research

DGTCState Street SPDR Global Dow ETF

SPGMAState Street SPDR Portfolio MSCI Global Stock Market ETF

In short

DGT Most global funds rank the world by market cap. DGT tracks the Global Dow: 150 blue chips chosen by a committee for their weight in the world economy, each held in equal size and reset to equal every September. A curated list, not a size ladder.

SPGM One ticker for the whole investable world. SPGM tracks MSCI's ACWI IMI index, holding roughly 2,900 stocks across developed and emerging markets, and charges 0.09% a year to do it.

Stated mandate

DGT The fund seeks to provide investment results that generally correspond to the total return performance of the Global Dow Index before fees and expenses.

SPGM The fund seeks to track, before fees and expenses, the total return performance of the MSCI ACWI IMI Index.

Why people hold it

DGT Equal weighting, reset to equal each September, so no single megacap dominates the portfolio the way it does in cap-weighted global funds.ssga.com
Membership is judgment, not a screen: S&P Dow Jones picks the roughly 150 names on size, reputation and importance to the global economy, across developed and emerging markets.ssga.com
Trading since 2000, a plain 1940 Act index fund that pays quarterly and hugs its benchmark closely. Top-quartile implementation among index wrappers we track.

SPGM 0.09% a year, against a 0.45% median for the index-wrapper funds it competes with. That gap compounds quietly in your favor.
Roughly 2,900 stocks in one line item: US, developed foreign, emerging. No rebalancing between three regional funds, no home-country blind spot.ssga.com
Pure replication, done tightly: the fund has stuck close to the MSCI ACWI IMI index it promises, one of the cleaner implementations among the index trackers we cover.ssga.com
Live since 2012 and now a multi-billion-dollar fund, so it is not a launch-year experiment hunting for assets.

Worth knowing

DGT The curation costs money: 0.50% a year, above the median index wrapper and well above cap-weighted global funds like VT at 0.06%.
Thinly traded, so bid-ask spreads can run wider than on the household-name global funds.
About 150 equally weighted names is a narrower, less megacap-driven slice of the world than total-market funds holding thousands of stocks.

SPGM Vanguard's VT covers similar all-world ground for 0.06%. Small gap, but real if fee is your only tiebreaker.
Owning the world means owning its currencies and its emerging markets. Foreign swings show up in your return, unsmoothed.
Moderately traded rather than a volume monster, so bid-ask spreads can run wider than the busiest global funds.

Full DGT profile⁠

Full SPGM profile⁠

DGT vs SPGM Holdings

How DGT and SPGM differ

Overlap by weight

34.3%

Shared holdings make up 96.5% of DGT and 51.5% of SPGM.

Level by level

Holdings151 in both34.3%
Countryby domicile86.6%
Sector11 Sectors88.4%
Asset classStocks100%

Sector

Sector weights in DGT and SPGM, widest gap first
Sector	Gap	DGT	SPGM
Technology	SPGM +9.8 points	17.6%	27.4%
Consumer Staples	DGT +2.5 points	7.6%	5.1%
Health Care	DGT +2.2 points	12.0%	9.8%
Industrials	DGT +1.9 points	13.7%	11.8%
Consumer Discretionary	DGT +1.8 points	11.0%	9.2%
Energy	DGT +1.6 points	6.0%	4.4%
Utilities	DGT +1.4 points	3.6%	2.2%
Communication	SPGM +1.0 points	6.2%	7.2%
Financials	SPGM +0.6 points	17.0%	17.6%
Materials	DGT +0.2 points	3.9%	3.7%
Real Estate	SPGM +0.3 points	1.4%	1.7%

Country, concentration and asset class

Country by domicile

Country weights in DGT and SPGM, widest gap first
Country	Gap	DGT	SPGM
United States	SPGM +3.8 points	60.2%	64.0%
United Kingdom	DGT +2.7 points	5.9%	3.2%
France	DGT +2.7 points	4.5%	1.8%
Canada	SPGM +2.5 points	0.7%	3.2%
Taiwan	SPGM +2.3 points	0.6%	2.9%
Germany	DGT +2.1 points	4.0%	1.9%
Japan	DGT +1.2 points	6.8%	5.6%
South Korea	SPGM +1.1 points	1.0%	2.1%
Other countries (29)	DGT +0.9 points	16.3%	15.4%

Outside the US: DGT 79% developed, 21% emerging. SPGM 70% developed, 30% emerging.

Concentration

Weight in the 10 largest Holdings

DGT8.3%
SPGM21.6%

Securities held

DGT156
SPGM2,886

Asset class

DGT: Stocks
SPGM: Stocks

Holdings

Only in DGT5
In both151
Only in SPGM2,735

Only in DGT

5 securities, 2.8% of DGT by weight

American International Group0.70%
Compagnie De Saint Gobain0.67%
Petrobras Petroleo Bras Pr0.59%
Shell PLC0.54%
Samsung Electronics Co Ltd0.27%

Only in SPGM

2,735 securities, 48.2% of SPGM by weight

Mastercard Inc A0.42%
Thermo Fisher Scientific Inc0.36%
Citigroup Inc0.32%
Morgan Stanley0.32%
Texas Instruments Inc0.31%
Tjx Companies Inc0.30%
Chubb Ltd0.26%
Aflac Inc0.23%
Capital One Financial Corp0.22%
Ross Stores Inc0.22%
Danaher Corp0.22%
Analog Devices Inc0.22%
Mckesson Corp0.21%
General Dynamics Corp0.21%
Csx Corp0.21%
Emerson Electric Co0.21%
Lockheed Martin Corp0.21%
Lowe’s Cos Inc0.20%
Johnson Controls Internation0.20%
National Bank of Canada0.19%
Toronto Dominion Bank0.19%
Marathon Petroleum Corp0.19%
Waste Management Inc0.19%
Metlife Inc0.19%
Automatic Data Processing0.18%
Agilent Technologies Inc0.18%
Parker Hannifin Corp0.18%
Kddi Corp0.18%
Bank Leumi Le Israel0.17%
Te Connectivity PLC0.17%
Eaton Corp PLC0.17%
Public Storage0.17%
Crowdstrike Holdings Inc A0.17%
S+p Global Inc0.17%
Valero Energy Corp0.17%
O Reilly Automotive Inc0.17%
Kyocera Corp0.17%
Schneider Electric SE0.17%
Allstate Corp0.16%
American Electric Power0.16%
Norfolk Southern Corp0.16%
Tokio Marine Holdings Inc0.16%
Schwab (Charles) Corp0.16%
Shopify Inc Class A0.15%
Macquarie Group Ltd0.15%
Icici Bank Ltd Spon Adr0.15%
Loblaw Companies Ltd0.15%
Iberdrola SA0.15%
Trane Technologies PLC0.15%
Cummins Inc0.14%

Weight gaps

The 100 widest of 151 Holdings in both funds.

Holding weights in DGT and SPGM, widest gap first
Holding	Gap	DGT	SPGM
Apple IncAAPL	SPGM +3.80 points	0.73%	4.53%
NVIDIA CorpNVDA	SPGM +3.39 points	0.56%	3.95%
Microsoft CorpMSFT	SPGM +2.67 points	0.73%	3.40%
Amazon.com IncAMZN	SPGM +1.47 points	0.70%	2.17%
Alphabet Inc Class AGOOGL	SPGM +1.18 points	0.32%	1.50%
Alphabet Inc Class CGOOG	SPGM +1.00 points	0.26%	1.26%
Carnival Corp LtdCCL	DGT +0.86 points	0.88%	0.02%
Accenture PLC Class AACN	DGT +0.84 points	1.00%	0.16%
Taiwan Semiconductor Sp AdrTSM	SPGM +0.83 points	0.58%	1.41%
Tata Consultancy Svcs Ltd	DGT +0.76 points	0.78%	0.02%
Dupont De Nemours IncDD	DGT +0.74 points	0.78%	0.04%
Honda Motor Co Ltd	DGT +0.71 points	0.74%	0.03%
Infosys Ltd Sp AdrINFY	DGT +0.71 points	0.78%	0.07%
National Grid PLCNG.L	DGT +0.70 points	0.73%	0.03%
Canon Inc	DGT +0.70 points	0.70%	<0.01%
Takeda Pharmaceutical Co Ltd	DGT +0.69 points	0.76%	0.07%
America Movil Sab De C Ser B	DGT +0.69 points	0.75%	0.06%
PayPal Holdings IncPYPL	DGT +0.69 points	0.77%	0.08%
Air Liquide SA	DGT +0.68 points	0.72%	0.04%
Mondelez International Inc AMDLZ	DGT +0.67 points	0.71%	0.04%
United Parcel Service Class BUPS	DGT +0.67 points	0.74%	0.07%
Ebay IncEBAY	DGT +0.67 points	0.80%	0.13%
Anheuser Busch Inbev Sa/Nv	DGT +0.67 points	0.73%	0.06%
E.on SE	DGT +0.66 points	0.70%	0.04%
Ericsson Lm B Shs	DGT +0.65 points	0.69%	0.04%
3M CoMMM	DGT +0.65 points	0.77%	0.12%
Ind & Comm Bk of China H	DGT +0.65 points	0.70%	0.05%
Honeywell International IncHON	DGT +0.65 points	0.73%	0.08%
Naspers Ltd N Shs	DGT +0.65 points	0.68%	0.03%
Colgate Palmolive CoCL	DGT +0.64 points	0.74%	0.10%
Reliance Industries Limited	DGT +0.64 points	0.67%	0.03%
Broadcom IncAVGO	SPGM +0.63 points	0.55%	1.18%
Nike Inc Class BNKE	DGT +0.64 points	0.70%	0.06%
Duke Energy CorpDUK	DGT +0.63 points	0.72%	0.09%
Engie	DGT +0.62 points	0.65%	0.03%
Basf SE	DGT +0.62 points	0.67%	0.05%
National Australia Bank Ltd	DGT +0.62 points	0.67%	0.05%
Gsk PLCGSK.L	DGT +0.62 points	0.70%	0.08%
Simon Property Group IncSPG	DGT +0.62 points	0.76%	0.14%
Intuit IncINTU	DGT +0.62 points	0.74%	0.12%
Astrazeneca PLCAZN.L	DGT +0.61 points	0.80%	0.19%
China Construction Bank H	DGT +0.61 points	0.73%	0.12%
Telefonica SA	DGT +0.60 points	0.61%	0.01%
Generali	DGT +0.59 points	0.64%	0.05%
Meta Platforms Inc Class AMETA	SPGM +0.58 points	0.63%	1.21%
Howmet Aerospace IncHWM	DGT +0.58 points	0.60%	0.02%
McDonald’s CorpMCD	DGT +0.57 points	0.74%	0.17%
Bp PLCBP.L	DGT +0.57 points	0.67%	0.10%
Mitsubishi Corp	DGT +0.55 points	0.64%	0.09%
Lvmh Moet Hennessy Louis Vui	DGT +0.55 points	0.64%	0.09%
Pfizer IncPFE	DGT +0.55 points	0.71%	0.16%
Medtronic PLCMDT	DGT +0.55 points	0.75%	0.20%
Starbucks CorpSBUX	DGT +0.54 points	0.71%	0.17%
Sony Group Corp	DGT +0.55 points	0.75%	0.20%
Anglo American PLCAAL.L	DGT +0.54 points	0.59%	0.05%
Gilead Sciences IncGILD	DGT +0.54 points	0.78%	0.24%
Vinci SA	DGT +0.54 points	0.65%	0.11%
Amgen IncAMGN	DGT +0.54 points	0.80%	0.26%
Deutsche Bank AG Registered	DGT +0.53 points	0.58%	0.05%
Sap SE	DGT +0.52 points	0.74%	0.22%
Hp IncHPQ	DGT +0.52 points	0.59%	0.07%
Slb LtdSLB	DGT +0.52 points	0.59%	0.07%
Fedex CorpFDX	DGT +0.52 points	0.67%	0.15%
Mitsui & Co Ltd	DGT +0.53 points	0.59%	0.06%
Novartis AG Reg	DGT +0.52 points	0.79%	0.27%
Pepsico IncPEP	DGT +0.52 points	0.70%	0.18%
Walt Disney Co/TheDIS	DGT +0.52 points	0.76%	0.24%
Adobe IncADBE	DGT +0.52 points	0.64%	0.12%
Linde PLCLIN	DGT +0.52 points	0.75%	0.23%
Bae Systems PLCBA.L	DGT +0.51 points	0.65%	0.14%
Totalenergies SE	DGT +0.51 points	0.66%	0.15%
Verizon Communications IncVZ	DGT +0.50 points	0.62%	0.12%
Komatsu Ltd	DGT +0.49 points	0.51%	0.02%
Nextera Energy IncNEE	DGT +0.49 points	0.71%	0.22%
Nestle SA Reg	DGT +0.48 points	0.73%	0.25%
Abbott LaboratoriesABT	DGT +0.49 points	0.71%	0.22%
Toyota Motor Corp	DGT +0.48 points	0.73%	0.25%
Travelers Cos Inc/TheTRV	DGT +0.48 points	0.73%	0.25%
Philip Morris InternationalPM	DGT +0.47 points	0.72%	0.25%
Bnp Paribas	DGT +0.47 points	0.58%	0.11%
Bhp Group Ltd	DGT +0.47 points	0.57%	0.10%
Boeing Co/TheBA	DGT +0.47 points	0.57%	0.10%
Allianz SE Reg	DGT +0.46 points	0.67%	0.21%
Banco Bilbao Vizcaya Argenta	DGT +0.46 points	0.59%	0.13%
Booking Holdings IncBKNG	DGT +0.46 points	0.63%	0.17%
Mizuho Financial Group Inc	DGT +0.46 points	0.56%	0.10%
Cvs Health CorpCVS	DGT +0.45 points	0.59%	0.14%
Roche Holding AG	DGT +0.45 points	0.75%	0.30%
General ElectricGE	DGT +0.44 points	0.67%	0.23%
Servicenow IncNOW	DGT +0.45 points	0.53%	0.08%
Union Pacific CorpUNP	DGT +0.44 points	0.69%	0.25%
Qualcomm IncQCOM	DGT +0.44 points	0.64%	0.20%
Intl Business Machines CorpIBM	DGT +0.44 points	0.69%	0.25%
ConocophillipsCOP	DGT +0.44 points	0.68%	0.24%
Unicredit Spa	DGT +0.44 points	0.59%	0.15%
Prologis IncPLD	DGT +0.43 points	0.63%	0.20%
Deere & CoDE	DGT +0.43 points	0.67%	0.24%
Rio Tinto PLCRIO.L	DGT +0.43 points	0.55%	0.12%
Palo Alto Networks IncPANW	DGT +0.43 points	0.63%	0.20%
Siemens AG Reg	DGT +0.42 points	0.64%	0.22%

All 152 DGT holdings⁠All 2,875 SPGM holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

DGT vs SPGM Cost

Overpaying DGT vs SPGM

$8,081

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

DGT 0.50%
$9,979
SPGM 0.09%
$1,898

Amount$10,000

Years30 years

Cost over time

DGT 0.50%
SPGM 0.09%
Overpaying

Year by year

Year	DGT	SPGM	Overpaying
10	$900	$165	$735
20	$3,460	$646	$2,814
30	$9,979	$1,898	$8,081

Expense ratio

0.50%DGT
0.09%SPGM, cheaper

SPGM0.09%DGT0.50%

0.06%0.50%

Middle half of MSCI ACWI / World funds
Median 0.26%

SPGM 2nd cheapest of 6 funds

DGT 6th cheapest of 6 funds

DGT vs SPGM Dividends

Last 12 months to Nov 9, 2026

Yield (12M): DGT 2.48%, better; SPGM 1.81%
Payout (12M): DGT $4.76; SPGM $1.54
Last payment: DGT $0.48; SPGM $0.67
Ex-dividend: DGT Sep 21, 2026; SPGM Jun 1, 2026
Paid on: DGT Sep 23, 2026; SPGM Jun 5, 2026
Frequency: DGT Quarterly; SPGM Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

DGTQuarterly · 39 paymentsAll DGT payments⁠

SPGMTwice a year · 19 paymentsAll SPGM payments⁠

DGT vs SPGM Risk

Fall from peak · 5 years

DGT
SPGM

Risk facts

VolatilityStd dev, 3 years: DGT 10.4%, betterSPGM 11.5%
Return per unit of riskSharpe ratio, 3 years: DGT 1.74, betterSPGM 1.46
Worst fallMax drawdown, 5 years: DGT −25.2%, betterSPGM −25.9%
Market sensitivityBeta, 5 years: DGT 0.84SPGM 0.93; Market = 1

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