SPGM vs VT: Grades, Fees and Holdings Compared

State Street SPDR Portfolio MSCI Global Stock Market ETF

SPGMANYSE Arca

Vanguard Total World Stock ETF

VTANYSE Arca

Overlap

67.2%by weight

Expense ratio

VT −0.03pt a year

SPGM0.09%VT0.06%

Avg volume · 30D

VT 22.9×the volume

SPGM115KVT2.63M

10Y return · a year

SPGM+12.4%VT+12.4%

SPGM vs VT Performance

Nov 12, 2021 – Nov 13, 2026

+60.9%SPGM+57.4%VT

Expense ratio: SPGM 0.09%; VT 0.06%, better
Fund size: SPGM $1.8B; VT $81.8B
1Y total return: SPGM +13.9%, better; VT +13.3%
Yield (12M): SPGM 1.81%, better; VT 1.55%
Holdings: SPGM 2917; VT 10220
Avg volume (30D): SPGM 115K sh; VT 2.63M sh, better
NAV per share: SPGM $85.12; VT $155.61
52W range

ETF.net Grade

Pillar letters and Scores for SPGM, VT, with each pillar’s weight
Pillar	SPGM	VT
Cost30% weight	A73	A88Higher
Mission25% weight	A100	A100
Risk15% weight	C49	C51Higher
Tradability15% weight	C43	B58Higher
Holdings10% weight	A73Higher	B64
Durability5% weight	C54	A79Higher

Rank among MSCI ACWI / World funds

How we build Categories ›

Same Category. SPGM and VT 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 ›

VT ranks 1st and SPGM 2nd 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

Our read on each fund

ETF.net Research

SPGMAState Street SPDR Portfolio MSCI Global Stock Market ETF

VTAVanguard Total World Stock ETF

In short

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.

VT One ticker, the whole investable stock market: roughly 9,800 stocks across developed and emerging markets, weighted by what the market says they're worth. There is no US-versus-international call left for you to make.

Stated mandate

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

VT The fund seeks to passively track the FTSE Global All Cap Index, which represents large-, mid-, and small-capitalization stocks of companies in developed and emerging markets worldwide.

Why people hold it

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.

VT 0.06% a year, against a 0.45% median for the index wrappers it competes with. Worldwide coverage for a rounding error.
Its benchmark comes from the FTSE Global Equity Index Series, which covers 98% of the world's investable market cap: large, mid and small caps, developed and emerging alike.vanguard.com
Passively run with index sampling and kept fully invested. Tracking of the index has been about as tight as this cohort gets, and it trades actively enough to keep spreads thin.vanguard.com
Live since 2008 and now a multi-billion-dollar fund, it ranks among the strongest implementations in its peer group. Pays quarterly.

Worth knowing

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.

VT Market-cap weighting hands the steering wheel to the market. The biggest countries and companies dominate, and those weights drift with prices, never tilting back.vanguard.com vanguard.com 2
All equity, all the time: emerging markets and unhedged foreign currency come with the package, and there is no bond sleeve to cushion a selloff.
Single-market index funds shave the fee further (SCHK at 0.03%, SPYV at 0.04%). Global reach costs a couple of basis points more.

Full SPGM profile⁠

Full VT profile⁠

SPGM vs VT Holdings

How SPGM and VT differ

Overlap by weight

67.2%

Shared holdings make up 92.7% of SPGM and 77.7% of VT.

Level by level

Holdings2,126 in both67.2%
Sector11 Sectors94.4%
Countryby domicile97.1%
Asset classStocks100%

Sector

Sector weights in SPGM and VT, widest gap first
Sector	Gap	SPGM	VT
Technology	VT +4.6 points	27.4%	32.0%
Financials	SPGM +1.8 points	17.6%	15.8%
Health Care	SPGM +1.2 points	9.8%	8.6%
Industrials	SPGM +0.9 points	11.8%	10.9%
Consumer Discretionary	SPGM +0.7 points	9.2%	8.5%
Consumer Staples	SPGM +0.7 points	5.1%	4.4%
Real Estate	VT +0.5 points	1.7%	2.2%
Energy	SPGM +0.4 points	4.4%	4.0%
Communication	VT +0.3 points	7.2%	7.5%
Materials	VT +0.2 points	3.7%	3.9%
Utilities	VT +0.1 points	2.2%	2.3%

Country, concentration and asset class

Country by domicile

Country weights in SPGM and VT, widest gap first
Country	Gap	SPGM	VT
United States	SPGM +1.2 points	63.6%	62.4%
South Africa	VT +0.6 points	0.5%	1.1%
Switzerland	SPGM +0.6 points	2.4%	1.8%
South Korea	VT +0.6 points	1.9%	2.5%
Taiwan	VT +0.5 points	3.0%	3.5%
Other countries (34)	Same weight	28.6%	28.6%

Outside the US: SPGM 70% developed, 30% emerging. VT 65% developed, 35% emerging.

Concentration

Weight in the 10 largest Holdings

SPGM21.3%
VT22.3%

Securities held

SPGM2,884
VT10,155

Asset class

SPGM: Stocks
VT: Stocks

Holdings

Only in SPGM758
In both2,126
Only in VT8,029

Only in SPGM

758 securities, 7.0% of SPGM by weight

Taiwan Semiconductor Sp Adr1.48%
Samsung Electr Gdr Reg’s0.66%
Icici Bank Ltd Spon Adr0.15%
Hon Hai Precision Gdr Reg’s0.13%
Relx PLC0.13%
Dhl AG0.12%
State Bank of Indi Gdr Reg’s0.10%
Dr. Reddy’s Laboratories Adr0.09%
Grupo Mexico Sab De Cv Ser B0.09%
Intercontinental Hotels Grou0.09%
Astrazeneca PLC0.09%
Samsung Electronics Pref0.08%
Reliance Inds Spons Gdr 144A0.08%
Larsen & Toubro Gdr Reg’s0.08%
Vylor Inc0.07%
Securitas Ab B Shs0.07%
Petroleo Brasil Sp Pref Adr0.06%
Fomento Economico Mexica Ubd0.06%
Adidas AG0.06%
America Movil Sab De C Ser B0.06%
Vale SA Sp Adr0.06%
Mahindra & Mahindra Spon Gdr0.05%
Grupo Financiero Banorte O0.05%
Umh Properties Inc0.05%
Generali0.05%
Basf SE0.04%
Rogers Communications Inc B0.04%
Dixon Technologies India Ltd0.04%
Hyundai Motor Co0.04%
Canadian Tire Corp Class A0.04%
Karur Vysya Bank Ltd0.04%
Easterly Government Properti0.03%
Samsung Electro Mechanics Co0.03%
Petroleo Brasileiro Spon Adr0.03%
Reliance Industries Limited0.03%
Bombardier Inc B0.03%
Teva Pharmaceutical Ind Ltd0.03%
Linde PLC0.03%
Unitil Corp0.03%
Select Water Solutions Inc0.02%
Teck Resources Ltd Cls B0.02%
Sea Ltd Adr0.02%
Cemex Sab Cpo0.02%
Gladstone Commercial Corp0.02%
Bt Group PLC0.02%
Amber Enterprises India Ltd0.02%
Astronics Corp0.02%
Bancorp Inc/The0.02%
Paras Defence & Space Techno0.02%
Dynex Capital Inc0.02%

Only in VT

8,029 securities, 21.5% of VT by weight

Samsung Electronics Co Ltd0.77%
SLBBH11420.54%
MSCI EAFE Dec260.13%
Samsung Electronics-Pref0.10%
Hon Hai Precision Industry Co Ltd0.08%
Berkshire Hathaway Inc0.08%
MSCI EmgMkt Dec260.07%
Marriott International Inc/MD0.07%
Motorola Solutions Inc0.06%
ICICI Bank Ltd0.06%
NatWest Group PLC0.06%
Reliance Industries Ltd0.06%
Hilton Worldwide Holdings Inc0.06%
Investor AB0.06%
Atlas Copco AB0.05%
Samsung Electro-Mechanics Co Ltd0.05%
Usd/Jpy Fwd 202612160.05%
Air Liquide SA0.05%
Dhl AG0.05%
Monster Beverage Corp0.05%
Truist Financial Corp0.05%
Targa Resources Corp0.05%
Cheniere Energy Inc0.05%
L'Oreal SA0.05%
PACCAR Inc0.05%
Cencora Inc0.05%
AMETEK Inc0.05%
United Microelectronics Corp0.05%
WW Grainger Inc0.05%
ONEOK Inc0.05%
Dominion Energy Inc0.04%
Cardinal Health Inc0.04%
CaixaBank SA0.04%
Basf SE0.04%
Sempra0.04%
London Stock Exchange Group PLC0.04%
Realty Income Corp0.04%
Rockwell Automation Inc0.04%
Edwards Lifesciences Corp0.04%
Al Rajhi Bank0.04%
Lonza Group AG0.04%
Westinghouse Air Brake Technologies Corp0.04%
Vale SA0.04%
Garmin Ltd0.04%
AutoZone Inc0.04%
Volvo AB0.04%
Franco-Nevada Corp0.04%
Teva Pharmaceutical Industries Ltd0.04%
Fifth Third Bancorp0.04%
Generali0.04%

Weight gaps

The 100 widest of 2,126 Holdings in both funds.

Holding weights in SPGM and VT, widest gap first
Holding	Gap	SPGM	VT
Taiwan Semiconductor Manufac	VT +1.50 points	0.12%	1.62%
NVIDIA CorpNVDA	VT +1.10 points	3.42%	4.52%
Apple IncAAPL	SPGM +0.49 points	4.57%	4.08%
Micron Technology IncMU	VT +0.24 points	0.78%	1.02%
Intel CorpINTC	VT +0.22 points	0.25%	0.47%
Eli Lilly & CoLLY	SPGM +0.21 points	0.99%	0.78%
Bank of New York Mellon CorpBNY	SPGM +0.21 points	0.29%	0.08%
Visa Inc Class A SharesV	SPGM +0.20 points	0.72%	0.52%
Alphabet Inc Class AGOOGL	VT +0.18 points	1.54%	1.72%
Travelers Cos Inc/TheTRV	SPGM +0.19 points	0.25%	0.06%
Rtx CorpRTX	SPGM +0.19 points	0.40%	0.21%
JPMorgan Chase & CoJPM	SPGM +0.18 points	0.93%	0.75%
Aflac IncAFL	SPGM +0.18 points	0.22%	0.04%
Tjx Companies IncTJX	SPGM +0.18 points	0.30%	0.12%
Costco Wholesale CorpCOST	SPGM +0.17 points	0.51%	0.34%
Chevron CorpCVX	SPGM +0.17 points	0.49%	0.32%
American Express CoAXP	SPGM +0.17 points	0.31%	0.14%
Exxonmobil Holdings CorpXOM	SPGM +0.16 points	0.73%	0.57%
Goldman Sachs Group IncGS	SPGM +0.17 points	0.37%	0.20%
Ross Stores IncROST	SPGM +0.16 points	0.22%	0.06%
Chubb LtdCB	SPGM +0.16 points	0.26%	0.10%
Kyocera Corp	SPGM +0.16 points	0.18%	0.02%
Meta Platforms Inc Class AMETA	VT +0.15 points	1.20%	1.35%
Citigroup IncC	SPGM +0.15 points	0.33%	0.18%
Morgan StanleyMS	SPGM +0.14 points	0.32%	0.18%
Sk Hynix Inc	VT +0.14 points	0.49%	0.63%
Metlife IncMET	SPGM +0.15 points	0.19%	0.04%
National Bank of Canada	SPGM +0.14 points	0.19%	0.05%
Csx CorpCSX	SPGM +0.15 points	0.22%	0.07%
General Dynamics CorpGD	SPGM +0.14 points	0.21%	0.07%
Bank Leumi Le Israel	SPGM +0.14 points	0.17%	0.03%
Thermo Fisher Scientific IncTMO	SPGM +0.14 points	0.35%	0.21%
Emerson Electric CoEMR	SPGM +0.14 points	0.21%	0.07%
Lam Research CorpLRCX	VT +0.13 points	0.22%	0.35%
Singapore Exchange Ltd	SPGM +0.13 points	0.14%	0.01%
Agilent Technologies IncA	SPGM +0.13 points	0.17%	0.04%
Home Depot IncHD	SPGM +0.13 points	0.37%	0.24%
Mckesson CorpMCK	SPGM +0.12 points	0.21%	0.09%
Wells Fargo & CoWFC	SPGM +0.12 points	0.33%	0.21%
Amazon.com IncAMZN	SPGM +0.13 points	2.18%	2.05%
Johnson Controls InternationJCI	SPGM +0.12 points	0.20%	0.08%
Public StoragePSA	SPGM +0.13 points	0.17%	0.04%
Lockheed Martin CorpLMT	SPGM +0.12 points	0.21%	0.09%
Waste Management IncWM	SPGM +0.13 points	0.19%	0.06%
Bank of America CorpBAC	SPGM +0.12 points	0.42%	0.30%
Kddi Corp	SPGM +0.13 points	0.17%	0.04%
Te Connectivity PLCTEL	SPGM +0.13 points	0.18%	0.05%
Loblaw Companies Ltd	SPGM +0.12 points	0.14%	0.02%
Texas Instruments IncTXN	SPGM +0.12 points	0.34%	0.22%
Allstate CorpALL	SPGM +0.12 points	0.17%	0.05%
Union Pacific CorpUNP	SPGM +0.11 points	0.25%	0.14%
ConocophillipsCOP	SPGM +0.11 points	0.24%	0.13%
Lowe’s Cos IncLOW	SPGM +0.11 points	0.20%	0.09%
Geberit AG Reg	SPGM +0.11 points	0.13%	0.02%
Capital One Financial CorpCOF	SPGM +0.11 points	0.21%	0.10%
O Reilly Automotive IncORLY	SPGM +0.11 points	0.17%	0.06%
American Electric PowerAEP	SPGM +0.11 points	0.16%	0.05%
Marathon Petroleum CorpMPC	SPGM +0.10 points	0.20%	0.10%
Toyota Tsusho Corp	SPGM +0.10 points	0.13%	0.03%
Discovery Ltd	SPGM +0.10 points	0.11%	<0.01%
Sun Hung Kai Properties	SPGM +0.10 points	0.12%	0.02%
Norfolk Southern CorpNSC	SPGM +0.10 points	0.16%	0.06%
Tesla IncTSLA	SPGM +0.10 points	0.98%	0.88%
Keysight Technologies InKEYS	SPGM +0.10 points	0.15%	0.05%
Marubeni Corp	SPGM +0.10 points	0.14%	0.04%
Region Group	SPGM +0.10 points	0.10%	<0.01%
Acciona SA	SPGM +0.10 points	0.10%	<0.01%
Danaher CorpDHR	SPGM +0.10 points	0.22%	0.12%
Atlas Copco Ab B Shs	SPGM +0.10 points	0.11%	0.01%
Medtronic PLCMDT	SPGM +0.10 points	0.19%	0.09%
Macquarie Group Ltd	SPGM +0.10 points	0.15%	0.05%
Fedex CorpFDX	SPGM +0.10 points	0.15%	0.05%
Deere & CoDE	SPGM +0.09 points	0.23%	0.14%
Automatic Data ProcessingADP	SPGM +0.09 points	0.18%	0.09%
Skandinaviska Enskilda Ban A	SPGM +0.09 points	0.09%	<0.01%
Fastenal CoFAST	SPGM +0.09 points	0.14%	0.05%
Ferguson Enterprises IncFERG	SPGM +0.09 points	0.13%	0.04%
Sandisk CorpSNDK	VT +0.09 points	0.12%	0.21%
Simon Property Group IncSPG	SPGM +0.09 points	0.14%	0.05%
Prologis IncPLD	SPGM +0.09 points	0.19%	0.10%
Ebay IncEBAY	SPGM +0.08 points	0.12%	0.04%
Abb Ltd Reg	SPGM +0.09 points	0.21%	0.12%
Sompo Holdings Inc	SPGM +0.09 points	0.12%	0.03%
Northrop Grumman CorpNOC	SPGM +0.09 points	0.14%	0.05%
AbbVie IncABBV	SPGM +0.09 points	0.48%	0.39%
Valero Energy CorpVLO	SPGM +0.09 points	0.18%	0.09%
Marvell Technology IncMRVL	VT +0.09 points	0.11%	0.20%
Toyota Motor Corp	SPGM +0.09 points	0.25%	0.16%
Cummins IncCMI	SPGM +0.08 points	0.14%	0.06%
Acs Actividades Cons Y Serv	SPGM +0.08 points	0.10%	0.02%
Sony Group Corp	SPGM +0.08 points	0.20%	0.12%
Ucb SA	SPGM +0.09 points	0.11%	0.02%
Prudential Financial IncPRU	SPGM +0.08 points	0.11%	0.03%
Walmart IncWMT	SPGM +0.08 points	0.47%	0.39%
Tokio Marine Holdings Inc	SPGM +0.08 points	0.16%	0.08%
Procter & Gamble Co/ThePG	SPGM +0.08 points	0.37%	0.29%
Obayashi Corp	SPGM +0.08 points	0.09%	0.01%
Netapp IncNTAP	SPGM +0.08 points	0.11%	0.03%
Bhp Group Ltd Di	VT +0.08 points	0.10%	0.18%
L Oreal	SPGM +0.07 points	0.11%	0.04%

All 2,873 SPGM holdings⁠All 10,185 VT 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.

SPGM vs VT Cost

Overpaying SPGM vs VT

$628

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

SPGM 0.09%
$1,898
VT 0.06%
$1,270

Amount$10,000

Years30 years

Cost over time

SPGM 0.09%
VT 0.06%
Overpaying

Year by year

Year	SPGM	VT	Overpaying
10	$165	$110	$55
20	$646	$432	$214
30	$1,898	$1,270	$628

Expense ratio

0.09%SPGM
0.06%VT, cheaper

VT0.06%SPGM0.09%

0.06%0.50%

Middle half of MSCI ACWI / World funds
Median 0.26%

VT cheapest of 6 funds

SPGM 2nd cheapest of 6 funds

SPGM vs VT Dividends

Last 12 months to Nov 13, 2026

Yield (12M): SPGM 1.81%, better; VT 1.55%
Payout (12M): SPGM $1.54; VT $2.41
Last payment: SPGM $0.67; VT $0.41
Ex-dividend: SPGM Jun 1, 2026; VT Sep 18, 2026
Paid on: SPGM Jun 5, 2026; VT Sep 22, 2026
Frequency: SPGM Twice a year; VT Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

SPGMTwice a year · 19 paymentsAll SPGM payments⁠

VTQuarterly · 39 paymentsAll VT payments⁠

SPGM vs VT Risk

Fall from peak · 5 years

SPGM
VT

Risk facts

VolatilityStd dev, 3 years: SPGM 11.5%, betterVT 11.6%
Return per unit of riskSharpe ratio, 3 years: SPGM 1.46, betterVT 1.41
Worst fallMax drawdown, 5 years: SPGM −25.9%, betterVT −26.3%
Market sensitivityBeta, 5 years: SPGM 0.93VT 0.94; Market = 1

SPGM and VT in the news

All news⁠

First-Year Review
Myriad's allocation fund gained 17%, 1.6 percentage points ahead of global stocks
Oct 2, 2026VT
First-Year Review
Cambria Global EW ETF's largest holding is another fund, about 25 times an equal share
Sep 25, 2026VT

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SPGM vs VT

In short

Stated mandate

Why people hold it

Worth knowing

How SPGM and VT differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in SPGM

Only in VT

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Myriad's allocation fund gained 17%, 1.6 percentage points ahead of global stocks

Cambria Global EW ETF's largest holding is another fund, about 25 times an equal share

How SPGM and VT differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in SPGM

Only in VT

Weight gaps