IOO vs SPGM: Grades, Fees and Holdings Compared

iShares Global 100 ETF

IOOBNYSE Arca

State Street SPDR Portfolio MSCI Global Stock Market ETF

SPGMANYSE Arca

Overlap

36.6%by weight

Expense ratio

SPGM −0.31pt a year

IOO0.40%SPGM0.09%

Avg volume · 30D

IOO 1.8×the volume

IOO206KSPGM115K

10Y return · a year

IOO +3.8pt

IOO+16.2%SPGM+12.4%

IOO vs SPGM Performance

Nov 12, 2021 – Nov 13, 2026

+95.8%IOO+60.9%SPGM

Expense ratio: IOO 0.40%; SPGM 0.09%, better
Fund size: IOO $9.04B; SPGM $1.8B
1Y total return: IOO +13.1%; SPGM +13.9%, better
Yield (12M): IOO 0.83%; SPGM 1.81%, better
Holdings: IOO 113; SPGM 2917
Avg volume (30D): IOO 206K sh, better; SPGM 115K sh
NAV per share: IOO $140.47; SPGM $85.12
52W range

ETF.net Grade

Pillar letters and Scores for IOO, SPGM, with each pillar’s weight
Pillar	IOO	SPGM
Cost30% weight	D27	A73Higher
Mission25% weight	A99	A100Higher
Risk15% weight	C45	C49Higher
Tradability15% weight	B69Higher	C43
Holdings10% weight	D30	A73Higher
Durability5% weight	B60Higher	C54

Rank among MSCI ACWI / World funds

How we build Categories ›

Same Category. IOO 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 IOO 5th 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 70
Rank 3BCRBNiShares Low Carbon Optimized MSCI ACWI ETFScore 62
Rank 4BACWIiShares MSCI ACWI ETFScore 61
Rank 5BIOOiShares Global 100 ETFScore 56
Rank 6CDGTState Street SPDR Global Dow ETFScore 52

Our read on each fund

ETF.net Research

IOOBiShares Global 100 ETF

SPGMAState Street SPDR Portfolio MSCI Global Stock Market ETF

In short

IOO Global investing boiled down to 100 mega-caps. Running since 2000, IOO tracks the S&P Global 100: blue chips that already sell on every continent, rather than the whole world's market.

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

IOO The Fund seeks to track the investment results of an index composed of 100 large-capitalization global equities.

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

Why people hold it

IOO Launched in 2000, one of the original global blue-chip index funds, and a multi-billion-dollar fund today.
Straight indexing, no manager discretion. It has tracked the S&P Global 100 very closely.ishares.com
At 0.40%, it runs a touch under the typical index wrapper in its peer group.
One ticket for global large-cap equity instead of bolting a US fund to an international one.

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

IOO About 100 names, so a handful of mega-caps do the heavy lifting. Broad wrappers like VT own thousands.
0.40% is real money beside the broad-index cheapies: VT at 0.06%, SCHK at 0.03%.
Income lands once or twice a year, not monthly, and volume is moderate rather than heavy.

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 IOO profile⁠

Full SPGM profile⁠

IOO vs SPGM Holdings

How IOO and SPGM differ

Overlap by weight

36.6%

Shared holdings make up 97.9% of IOO and 36.6% of SPGM.

Level by level

Holdings99 in both36.6%
Countryby domicile77.7%
Sector11 Sectors79.3%
Asset classStocks100%

Sector

Sector weights in IOO and SPGM, widest gap first
Sector	Gap	IOO	SPGM
Technology	IOO +17.5 points	44.9%	27.4%
Financials	SPGM +7.6 points	10.0%	17.6%
Industrials	SPGM +7.5 points	4.3%	11.8%
Materials	SPGM +2.1 points	1.6%	3.7%
Utilities	SPGM +1.7 points	0.5%	2.2%
Consumer Staples	IOO +1.4 points	6.5%	5.1%
Real Estate	SPGM +1.5 points	0.2%	1.7%
Communication	IOO +1.4 points	8.6%	7.2%
Consumer Discretionary	SPGM +0.4 points	8.8%	9.2%
Health Care	IOO +0.4 points	10.2%	9.8%
Energy	SPGM +0.1 points	4.3%	4.4%

Country, concentration and asset class

Country by domicile

Country weights in IOO and SPGM, widest gap first
Country	Gap	IOO	SPGM
United States	IOO +18.8 points	82.4%	63.6%
Japan	SPGM +3.7 points	2.0%	5.7%
Canada	SPGM +3.1 points	0.0%	3.1%
Taiwan	SPGM +3.0 points	0.0%	3.0%
China	SPGM +2.3 points	0.0%	2.3%
Australia	SPGM +1.7 points	0.0%	1.7%
India	SPGM +1.6 points	0.0%	1.6%
United Kingdom	IOO +1.0 points	4.2%	3.2%
Other countries (29)	SPGM +4.5 points	11.4%	15.9%

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

Concentration

Weight in the 10 largest Holdings

IOO57.7%
SPGM21.3%

Securities held

IOO102
SPGM2,884

Asset class

IOO: Stocks
SPGM: Stocks

Holdings

Only in IOO3
In both99
Only in SPGM2,785

Only in IOO

3 securities, 1.9% of IOO by weight

Samsung Electronics Ltd1.74%
Compagnie De Saint Gobain SA0.09%
Roche Holding AG0.03%

Only in SPGM

2,785 securities, 63.2% of SPGM by weight

Taiwan Semiconductor Sp Adr1.48%
Meta Platforms Inc Class A1.20%
Tesla Inc0.98%
Advanced Micro Devices0.81%
Micron Technology Inc0.78%
Visa Inc Class A Shares0.72%
Berkshire Hathaway Inc Class B0.69%
Samsung Electr Gdr Reg’s0.66%
Costco Wholesale Corp0.51%
Sk Hynix Inc0.49%
AbbVie Inc0.48%
Bank of America Corp0.42%
Home Depot Inc0.37%
UnitedHealth Group Inc0.35%
Applied Materials Inc0.34%
Wells Fargo & Co0.33%
Palantir Technologies Inc A0.33%
American Express Co0.31%
Tjx Companies Inc0.30%
Bank of New York Mellon Corp0.29%
Amgen Inc0.26%
Chubb Ltd0.26%
Union Pacific Corp0.25%
Travelers Cos Inc/The0.25%
Analog Devices Inc0.24%
Conocophillips0.24%
Gilead Sciences Inc0.23%
Deere & Co0.23%
Walt Disney Co/The0.23%
Royal Bank of Canada0.23%
Salesforce Inc0.23%
Aflac Inc0.22%
Ross Stores Inc0.22%
Lam Research Corp0.22%
Danaher Corp0.22%
Netflix Inc0.22%
Csx Corp0.22%
General Dynamics Corp0.21%
Lockheed Martin Corp0.21%
Mckesson Corp0.21%
Nextera Energy Inc0.21%
Capital One Financial Corp0.21%
Oracle Corp0.21%
Marathon Petroleum Corp0.20%
Palo Alto Networks Inc0.20%
Lowe’s Cos Inc0.20%
Prologis Inc0.19%
Medtronic PLC0.19%
Toronto Dominion Bank0.19%
National Bank of Canada0.19%

Weight gaps

All 99 Holdings in both funds, largest gap first.

Holding weights in IOO and SPGM, widest gap first
Holding	Gap	IOO	SPGM
AppleAAPL	IOO +8.23 points	12.80%	4.57%
NVIDIANVDA	IOO +6.95 points	10.37%	3.42%
MicrosoftMSFT	IOO +6.28 points	9.54%	3.26%
Amazon.com IncAMZN	IOO +4.26 points	6.44%	2.18%
Alphabet Class AGOOGL	IOO +2.71 points	4.25%	1.54%
Broadcom IncAVGO	IOO +2.62 points	4.05%	1.43%
Alphabet Class CGOOG	IOO +2.13 points	3.41%	1.28%
Eli LillyLLY	IOO +1.85 points	2.84%	0.99%
JPMorgan Chase & CoJPM	IOO +1.32 points	2.25%	0.93%
Johnson & JohnsonJNJ	IOO +1.12 points	1.67%	0.55%
Exxonmobil Holdings CorpXOM	IOO +0.96 points	1.69%	0.73%
Asml Holding	IOO +0.95 points	1.49%	0.54%
WalmartWMT	IOO +0.91 points	1.38%	0.47%
Mastercard Class AMA	IOO +0.91 points	1.32%	0.41%
Ge AerospaceGE	IOO +0.66 points	0.88%	0.22%
Procter & GamblePG	IOO +0.59 points	0.96%	0.37%
Coca-ColaKO	IOO +0.58 points	0.93%	0.35%
ChevronCVX	IOO +0.55 points	1.04%	0.49%
Cisco Systems IncCSCO	IOO +0.55 points	0.98%	0.43%
Roche Ps Par AG	IOO +0.54 points	0.84%	0.30%
Merck & Co IncMRK	IOO +0.53 points	0.89%	0.36%
Astrazeneca PLCAZN.L	IOO +0.52 points	0.70%	0.18%
Intel CorporationINTC	IOO +0.52 points	0.77%	0.25%
Philip Morris InternationalPM	IOO +0.51 points	0.75%	0.24%
Hsbc Holdings PLCHSBA.L	IOO +0.48 points	0.76%	0.28%
Novartis AG	IOO +0.46 points	0.72%	0.26%
Tencent Holdings	IOO +0.46 points	0.80%	0.34%
Nestle SA	IOO +0.41 points	0.65%	0.24%
Bhp Group Ltd	IOO +0.42 points	0.52%	0.10%
Mitsubishi Ufj Financial Group	IOO +0.40 points	0.64%	0.24%
ShellSHEL.L	IOO +0.39 points	0.70%	0.31%
Toyota Motor	IOO +0.38 points	0.63%	0.25%
Sap	IOO +0.38 points	0.59%	0.21%
Linde PLCLIN	IOO +0.37 points	0.60%	0.23%
Caterpillar IncCAT	IOO +0.36 points	0.68%	0.32%
Texas InstrumentTXN	IOO +0.36 points	0.70%	0.34%
International Business Machines CoIBM	IOO +0.33 points	0.58%	0.25%
Mcdonalds CorpMCD	IOO +0.32 points	0.48%	0.16%
Siemens N AG	IOO +0.31 points	0.54%	0.23%
PepsicoPEP	IOO +0.30 points	0.48%	0.18%
Banco Santander	IOO +0.30 points	0.46%	0.16%
Thermo Fisher ScientificTMO	IOO +0.30 points	0.65%	0.35%
Goldman Sachs GroupGS	IOO +0.30 points	0.67%	0.37%
Totalenergies	IOO +0.29 points	0.44%	0.15%
RtxRTX	IOO +0.27 points	0.67%	0.40%
Allianz	IOO +0.27 points	0.48%	0.21%
QualcommQCOM	IOO +0.27 points	0.47%	0.20%
PfizerPFE	IOO +0.26 points	0.41%	0.15%
Abbott LaboratoriesABT	IOO +0.26 points	0.47%	0.21%
Morgan StanleyMS	IOO +0.24 points	0.56%	0.32%
Accenture PLC Class AACN	IOO +0.23 points	0.38%	0.15%
Banco Bilbao Vizcaya Argentaria	IOO +0.23 points	0.36%	0.13%
Unilever PLCULVR.L	IOO +0.22 points	0.35%	0.13%
Schneider Electric	IOO +0.21 points	0.38%	0.17%
Ubs Group AG	IOO +0.20 points	0.37%	0.17%
Bristol Myers SquibbBMY	IOO +0.20 points	0.32%	0.12%
Lvmh	IOO +0.20 points	0.28%	0.08%
Bp PLCBP.L	IOO +0.19 points	0.29%	0.10%
ServicenowNOW	IOO +0.18 points	0.26%	0.08%
CitigroupC	IOO +0.18 points	0.51%	0.33%
Sony Group	IOO +0.19 points	0.39%	0.20%
GlaxosmithklineGSK.L	IOO +0.17 points	0.25%	0.08%
National Grid PLCNG.L	IOO +0.17 points	0.20%	0.03%
Sanofi SA	IOO +0.17 points	0.26%	0.09%
Loreal SA	IOO +0.17 points	0.28%	0.11%
Deutsche Telekom N AG	IOO +0.15 points	0.24%	0.09%
3MMMM	IOO +0.13 points	0.24%	0.11%
Ing Groep	IOO +0.13 points	0.24%	0.11%
MarshMRSH	IOO +0.13 points	0.25%	0.12%
Deutsche Bank AG	IOO +0.12 points	0.17%	0.05%
Aon PLC Class AAON	IOO +0.13 points	0.18%	0.05%
Barclays PLCBARC.L	IOO +0.13 points	0.20%	0.07%
Abb Ltd	IOO +0.11 points	0.32%	0.21%
Rio TintoRIO.L	IOO +0.11 points	0.22%	0.11%
Axa SA	IOO +0.11 points	0.21%	0.10%
American Tower ReitAMT	IOO +0.10 points	0.22%	0.12%
Anglo American PLCAAL.L	IOO +0.10 points	0.15%	0.05%
Engie SA	IOO +0.09 points	0.12%	0.03%
Honeywell International IncHON	IOO +0.10 points	0.18%	0.08%
Diageo PLCDGE.L	IOO +0.10 points	0.14%	0.04%
Colgate-PalmoliveCL	IOO +0.09 points	0.19%	0.10%
Bayer AG	IOO +0.09 points	0.15%	0.06%
Basf N	IOO +0.09 points	0.13%	0.04%
Honda Motor	IOO +0.08 points	0.11%	0.03%
Kimberly ClarkKMB	IOO +0.08 points	0.16%	0.08%
E.on N	IOO +0.07 points	0.11%	0.04%
Bridgestone	IOO +0.06 points	0.07%	<0.01%
Seven & I Holdings	IOO +0.07 points	0.07%	<0.01%
Muenchener Rueckversicherungs-Gese	IOO +0.06 points	0.20%	0.14%
Canon	IOO +0.06 points	0.06%	<0.01%
Ford Motor CoF	IOO +0.06 points	0.12%	0.06%
Nike Class BNKE	IOO +0.05 points	0.11%	0.06%
Prudential PLCPRU.L	IOO +0.05 points	0.08%	0.03%
Mercedes-Benz Group N AG	IOO +0.03 points	0.08%	0.05%
Emerson ElectricEMR	IOO +0.02 points	0.23%	0.21%
Swiss Re AG	IOO +0.02 points	0.13%	0.11%
Dupont De NemoursDD	IOO +0.01 points	0.05%	0.04%
Johnson Controls International PLCJCI	IOO +0.02 points	0.22%	0.20%
Hp IncHPQ	SPGM +0.01 points	0.06%	0.07%

All 102 IOO holdings⁠All 2,873 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.

IOO vs SPGM Cost

Overpaying IOO vs SPGM

$6,192

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

IOO 0.40%
$8,090
SPGM 0.09%
$1,898

Amount$10,000

Years30 years

Cost over time

IOO 0.40%
SPGM 0.09%
Overpaying

Year by year

Year	IOO	SPGM	Overpaying
10	$723	$165	$558
20	$2,793	$646	$2,147
30	$8,090	$1,898	$6,192

Expense ratio

0.40%IOO
0.09%SPGM, cheaper

SPGM0.09%IOO0.40%

0.06%0.50%

Middle half of MSCI ACWI / World funds
Median 0.26%

SPGM 2nd cheapest of 6 funds

IOO 5th cheapest of 6 funds

IOO vs SPGM Dividends

Last 12 months to Nov 13, 2026

Yield (12M): IOO 0.83%; SPGM 1.81%, better
Payout (12M): IOO $1.17; SPGM $1.54
Last payment: IOO $0.72; SPGM $0.67
Ex-dividend: IOO Jun 15, 2026; SPGM Jun 1, 2026
Paid on: IOO Jun 18, 2026; SPGM Jun 5, 2026
Frequency: IOO Twice a year; SPGM Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

IOOTwice a year · 20 paymentsAll IOO payments⁠

SPGMTwice a year · 19 paymentsAll SPGM payments⁠

IOO vs SPGM Risk

Fall from peak · 5 years

IOO
SPGM

Risk facts

VolatilityStd dev, 3 years: IOO 12.9%SPGM 11.5%, better
Return per unit of riskSharpe ratio, 3 years: IOO 1.55, betterSPGM 1.46
Worst fallMax drawdown, 5 years: IOO −23.5%, betterSPGM −25.9%
Market sensitivityBeta, 5 years: IOO 0.96SPGM 0.93; Market = 1

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