GMF vs BYLD

Comparison between STATE STREET(R) SPDR(R) S&P(R) EMERGING ASIA PACIFIC ETF (GMF, ETF) and ISHARES YIELD OPTIMIZED BOND ETF (BYLD, ETF).

5-Year PerformanceGMF has outperformed BYLD, delivering a return of +4.6% compared to +2.1%

GMF vs BYLD - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	GMF(ETF)	BYLD(ETF)
Net Assets	$386M	$387M
Expense Ratio	0.49%	0.13%
Max Drawdown	67.62%	20.25%
Sharpe Ratio	1.24	0.64
5Y Beta	0.76	0.13
5Y Dividends CAGR	4.65%	9.47%

Net Assets

GMF

$386M

Winner

BYLD

$387M

Expense Ratio

GMF

0.49%

Winner

BYLD

0.13%

Max Drawdown

GMF

67.62%

Winner

BYLD

20.25%

Sharpe Ratio

Winner

GMF

1.24

BYLD

0.64

5Y Beta

GMF

0.76

Winner

BYLD

0.13

5Y Dividends CAGR

GMF

4.65%

Winner

BYLD

9.47%

GMF vs BYLD - Holdings Comparison

GMF and BYLD have 0 common holdings. Overlap is 0.00%

GMF's top 25 holdings weight is 41.18%. BYLD's top 25 holdings weight is 99.90%.

Rank	GMF	BYLD
#1	n/a (TSM) - 16.32%	ISHARES 10& YEAR INVMT GRD CORP BD ETF (IGLB) - 25.52%
#2	TENCENT HOLDINGS LTD (n/a) - 3.36%	ISHARES® 0-3 MONTH TREASURY BOND ETF (SGOV) - 23.98%
#3	n/a (n/a) - 3.04%	ISHARES BROAD USD HIGH YIELD CORP BD ETF (USHY) - 20.17%
#4	MEDIATEK INC (n/a) - 2.41%	ISHARES J.P. MORGAN EM HIGH YLD BD ETF (EMHY) - 10.18%
#5	DELTA ELECTRONICS INC (n/a) - 1.50%	ISHARES FLOATING RATE BOND ETF (FLOT) - 10.10%
#6	HON HAI PRECISION INDUSTRY CO LTD (n/a) - 1.26%	ISHARES CMBS ETF (CMBS) - 9.95%
#7	CHINA CONSTRUCTION BANK CORP CLASS H (n/a) - 1.12%	N/A
#8	ASE TECHNOLOGY HOLDING CO LTD (n/a) - 1.12%	N/A
#9	RELIANCE INDUSTRIES LTD GDR 144A (RLNIY) - 0.96%	N/A
#10	HDFC BANK LTD (n/a) - 0.95%	N/A
#11	ICICI BANK LTD ADR (IBN) - 0.79%	N/A
#12	n/a (n/a) - 0.74%	N/A
#13	UNITED MICROELECTRONICS CORP ADR (UMC) - 0.74%	N/A
#14	ELITE MATERIAL CO LTD (n/a) - 0.70%	N/A
#15	PDD HOLDINGS INC ADR (PDD) - 0.68%	N/A
#16	n/a (n/a) - 0.62%	N/A
#17	XIAOMI CORP CLASS B (n/a) - 0.61%	N/A
#18	BHARTI AIRTEL LTD (n/a) - 0.61%	N/A
#19	UNIMICRON TECHNOLOGY CORP (n/a) - 0.56%	N/A
#20	CTBC FINANCIAL HOLDING CO LTD (n/a) - 0.54%	N/A
#21	BANK OF CHINA LTD CLASS H (n/a) - 0.52%	N/A
#22	MEITUAN CLASS B (n/a) - 0.52%	N/A
#23	ACCTON TECHNOLOGY CORP (n/a) - 0.51%	N/A
#24	YAGEO CORP (n/a) - 0.50%	N/A
#25	YUANTA FINANCIAL HOLDINGS CO LTD (n/a) - 0.50%	N/A
Total Holdings	1186	6

GMF vs BYLD - Historical Returns

Returns include dividend reinvestment.

Period	GMF	BYLD
1 month	+0.03%	+0.08%
3 months	+7.80%	-0.07%
6 months	+8.99%	+1.03%
1 year	+25.60%	+6.46%
5 years(CAGR)	+4.61%	+2.13%
10 years(CAGR)	+9.66%	+2.93%
Max(CAGR)	+7.13%	+2.92%

GMF

+0.03%

Winner

BYLD

+0.08%

Winner

GMF

+7.80%

BYLD

-0.07%

Winner

GMF

+8.99%

BYLD

+1.03%

Winner

GMF

+25.60%

BYLD

+6.46%

5Y(CAGR)

Winner

GMF

+4.61%

BYLD

+2.13%

10Y(CAGR)

Winner

GMF

+9.66%

BYLD

+2.93%

Max(CAGR)

Winner

GMF

+7.13%

BYLD

+2.92%

GMF vs BYLD - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	GMF	BYLD
2026	+6.22%	+0.81%
2025	+22.11%	+8.19%
2024	+18.25%	+4.69%
2023	+6.69%	+8.20%
2022	-19.66%	-9.97%
2021	-2.58%	-1.14%
2020	+22.19%	+4.00%
2019	+20.09%	+12.74%
2018	-16.14%	-1.42%
2017	+40.53%	+4.76%
2016	+8.09%	+6.08%
2015	-8.55%	-1.37%
2014	+12.46%	+2.51%
2013	-0.45%	N/A
2012	+16.77%	N/A
2011	-20.38%	N/A
2010	+16.74%	N/A
2009	+63.86%	N/A
2008	-47.80%	N/A
2007	+42.90%	N/A

GMF vs BYLD Drawdown Comparison

The maximum drawdown for GMF was -67.19%, occurring on Nov 20, 2008. Recovery took 1692 trading sessions.

The maximum drawdown for BYLD was -14.75%, occurring on Oct 20, 2022. Recovery took 914 trading sessions.

The current GMF drawdown is -5.08%. The current BYLD drawdown is -0.74%.

Rank	GMF	BYLD
#1	-67.19% Oct 31, 2007 - Jul 24, 2014	-14.75% Dec 31, 2020 - Aug 21, 2024
#2	-40.17% Feb 17, 2021 - Jul 23, 2025	-14.37% Mar 4, 2020 - Jul 28, 2020
#3	-31.24% Jan 26, 2018 - Aug 5, 2020	-3.84% Apr 15, 2015 - Apr 6, 2016
#4	-30.66% Apr 27, 2015 - May 25, 2017	-2.93% Jan 5, 2018 - Jan 23, 2019
#5	-16.46% Jul 23, 2007 - Sep 4, 2007	-2.82% Feb 28, 2025 - May 30, 2025
#6	-12.62% Feb 25, 2026 - May 5, 2026	-2.71% Feb 27, 2026 - Mar 27, 2026
#7	-10.51% Sep 5, 2014 - Apr 2, 2015	-2.64% Sep 6, 2016 - Apr 5, 2017
#8	-5.66% Aug 28, 2020 - Oct 8, 2020	-2.50% Oct 13, 2014 - Apr 7, 2015
#9	-5.62% Oct 17, 2007 - Oct 26, 2007	-2.37% Oct 1, 2024 - Feb 24, 2025
#10	-5.51% Nov 22, 2017 - Jan 2, 2018	-1.52% Sep 4, 2019 - Nov 26, 2019
#11	-5.47% Oct 29, 2025 - Jan 2, 2026	-1.39% Aug 6, 2020 - Nov 23, 2020
#12	-5.08% Jun 2, 2026 - Jun 5, 2026	-1.23% Aug 28, 2014 - Oct 13, 2014
#13	-5.07% Jan 25, 2021 - Feb 8, 2021	-1.12% Oct 27, 2025 - Dec 23, 2025
#14	-4.71% May 6, 2026 - May 26, 2026	-1.11% Jul 23, 2014 - Aug 11, 2014
#15	-4.48% Oct 6, 2025 - Oct 27, 2025	-0.98% Jun 14, 2017 - Jul 18, 2017

Correlation

Correlation between GMF and BYLD is 0.93 which considered as a very strong positive correlation - the stocks move almost identically together.

0.93

-101

Dividend Comparison (2007 - 2026)

GMF vs BYLD dividend yield comparison.

Year	GMF	BYLD
2026	0.00%	2.24%
2025	1.49%	5.32%
2024	1.92%	5.31%
2023	2.75%	4.45%
2022	2.54%	3.39%
2021	2.71%	2.18%
2020	1.32%	3.41%
2019	1.75%	3.67%
2018	2.26%	4.22%
2017	1.70%	3.22%
2016	2.49%	3.13%
2015	3.76%	3.37%
2014	1.55%	2.12%
2013	2.18%	0.00%
2012	1.77%	0.00%
2011	3.94%	0.00%
2010	4.44%	0.00%
2009	0.98%	0.00%
2008	1.33%	0.00%
2007	1.31%	0.00%