GMF vs HEDG
Comparison between STATE STREET(R) SPDR(R) S&P(R) EMERGING ASIA PACIFIC ETF (GMF, ETF) and EQUABLE SHARES HEDGED EQUITY ETF (HEDG, ETF).
GMF vs HEDG - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
GMF
$426M
Winner
HEDG
$427M
Expense Ratio
Winner
GMF
0.49%
HEDG
0.96%
Max Drawdown
GMF
67.62%
Winner
HEDG
4.33%
Sharpe Ratio
GMF
0.87
Winner
HEDG
1.13
5Y Beta
GMF
0.78
Winner
HEDG
0.35
5Y Dividends CAGR
GMF
3.79%
HEDG
N/A
GMF vs HEDG - Holdings Comparison
GMF and HEDG have 0 common holdings. Overlap is 0.00%
GMF's top 25 holdings weight is 39.04%. HEDG's top 25 holdings weight is 98.30%.
| Rank | GMF | HEDG |
|---|---|---|
| #1 | n/a (TSM) - 16.78% | ISHARES CORE S&P 500 ETF (IVV) - 74.13% |
| #2 | TENCENT HOLDINGS LTD (n/a) - 3.64% | STATE STREET® SPDR® S&P 500® ETF (SPY) - 23.71% |
| #3 | n/a (n/a) - 2.98% | CLEARSHARES ULTRA-SHORT MATURITY ETF (OPER) - 0.46% |
| #4 | MEDIATEK INC (n/a) - 2.01% | N/A |
| #5 | HON HAI PRECISION INDUSTRY CO LTD (n/a) - 1.24% | N/A |
| #6 | DELTA ELECTRONICS INC (n/a) - 1.14% | N/A |
| #7 | CHINA CONSTRUCTION BANK CORP CLASS H (n/a) - 1.12% | N/A |
| #8 | ASE TECHNOLOGY HOLDING CO LTD (n/a) - 0.96% | N/A |
| #9 | RELIANCE INDUSTRIES LTD GDR 144A (RLNIY) - 0.92% | N/A |
| #10 | ICICI BANK LTD ADR (IBN) - 0.89% | N/A |
| #11 | HDFC BANK LTD (n/a) - 0.88% | N/A |
| #12 | n/a (n/a) - 0.77% | N/A |
| #13 | PDD HOLDINGS INC ADR (PDD) - 0.65% | N/A |
| #14 | BHARTI AIRTEL LTD (n/a) - 0.64% | N/A |
| #15 | ELITE MATERIAL CO LTD (n/a) - 0.63% | N/A |
| #16 | MEITUAN CLASS B (n/a) - 0.62% | N/A |
| #17 | CTBC FINANCIAL HOLDING CO LTD (n/a) - 0.60% | N/A |
| #18 | YUANTA FINANCIAL HOLDINGS CO LTD (n/a) - 0.57% | N/A |
| #19 | UNITED MICROELECTRONICS CORP ADR (UMC) - 0.57% | N/A |
| #20 | SUN PHARMACEUTICALS INDUSTRIES LTD (n/a) - 0.25% | N/A |
| #21 | CHROMA ATE INC (n/a) - 0.24% | N/A |
| #22 | YUM CHINA HOLDINGS INC (YUMC) - 0.24% | N/A |
| #23 | n/a (n/a) - 0.24% | N/A |
| #24 | MEGA FINANCIAL HOLDING CO LTD (n/a) - 0.23% | N/A |
| #25 | BEONE MEDICINES LTD ORDINARY SHARES (n/a) - 0.23% | N/A |
| Total Holdings | 1251 | 3 |
GMF vs HEDG - Historical Returns
Returns include dividend reinvestment.
1M
Winner
GMF
+4.59%
HEDG
+2.27%
3M
GMF
+1.24%
Winner
HEDG
+3.10%
6M
Winner
GMF
+6.29%
HEDG
+4.32%
1Y
Winner
GMF
+21.16%
HEDG
+9.03%
5Y(CAGR)
GMF
+7.03%
HEDG
N/A
10Y(CAGR)
GMF
+9.22%
HEDG
N/A
Max(CAGR)
GMF
+7.27%
Winner
HEDG
+10.44%
GMF vs HEDG - Annual Returns (2007 - 2026)
Returns include dividend reinvestment.
| Year | GMF | HEDG |
|---|---|---|
| 2026 | +10.69% | +5.67% |
| 2025 | +22.11% | +3.16% |
| 2024 | +18.25% | N/A |
| 2023 | +6.69% | N/A |
| 2022 | -19.66% | N/A |
| 2021 | -2.58% | N/A |
| 2020 | +22.19% | N/A |
| 2019 | +20.09% | N/A |
| 2018 | -16.14% | N/A |
| 2017 | +40.53% | N/A |
| 2016 | +8.09% | N/A |
| 2015 | -8.55% | N/A |
| 2014 | +12.46% | N/A |
| 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 HEDG Drawdown Comparison
The maximum drawdown for GMF was -67.19%, occurring on Nov 20, 2008. Recovery took 1692 trading sessions.
The maximum drawdown for HEDG was -3.85%, occurring on Mar 30, 2026. Recovery took 36 trading sessions.
The current GMF drawdown is -2.07%.
| Rank | GMF | HEDG |
|---|---|---|
| #1 | -67.19% Oct 31, 2007 - Jul 24, 2014 | -3.85% Feb 25, 2026 - Apr 17, 2026 |
| #2 | -40.17% Feb 17, 2021 - Jul 23, 2025 | -1.64% Nov 11, 2025 - Nov 25, 2025 |
| #3 | -31.24% Jan 26, 2018 - Aug 5, 2020 | -1.15% Feb 2, 2026 - Feb 24, 2026 |
| #4 | -30.66% Apr 27, 2015 - May 25, 2017 | -1.06% Jul 15, 2026 - Jul 31, 2026 |
| #5 | -16.46% Jul 23, 2007 - Sep 4, 2007 | -0.87% Jun 8, 2026 - Jun 30, 2026 |
| #6 | -12.62% Feb 25, 2026 - May 5, 2026 | -0.81% Jan 12, 2026 - Jan 26, 2026 |
| #7 | -10.51% Sep 5, 2014 - Apr 2, 2015 | -0.60% Nov 3, 2025 - Nov 10, 2025 |
| #8 | -8.91% Jun 22, 2026 - Jul 29, 2026 | -0.50% Oct 13, 2025 - Oct 17, 2025 |
| #9 | -5.66% Aug 28, 2020 - Oct 8, 2020 | -0.42% Dec 12, 2025 - Dec 19, 2025 |
| #10 | -5.62% Oct 17, 2007 - Oct 26, 2007 | -0.38% Aug 14, 2026 - Aug 25, 2026 |
| #11 | -5.60% Jun 2, 2026 - Jun 18, 2026 | -0.27% Jul 10, 2026 - Jul 15, 2026 |
| #12 | -5.51% Nov 22, 2017 - Jan 2, 2018 | -0.23% Jun 2, 2026 - Jun 8, 2026 |
| #13 | -5.47% Oct 29, 2025 - Jan 2, 2026 | -0.23% Jul 6, 2026 - Jul 9, 2026 |
| #14 | -5.07% Jan 25, 2021 - Feb 8, 2021 | -0.20% Dec 26, 2025 - Jan 5, 2026 |
| #15 | -4.71% May 6, 2026 - May 26, 2026 | -0.19% Jan 6, 2026 - Jan 9, 2026 |
Correlation
Correlation between GMF and HEDG is 0.91 which considered as a very strong positive correlation - the stocks move almost identically together.
0.91
-101
Dividend Comparison (2007 - 2026)
GMF vs HEDG dividend yield comparison.
| Year | GMF | HEDG |
|---|---|---|
| 2026 | 0.42% | 0.96% |
| 2025 | 1.49% | 1.38% |
| 2024 | 1.92% | 0.00% |
| 2023 | 2.75% | 0.00% |
| 2022 | 2.54% | 0.00% |
| 2021 | 2.71% | 0.00% |
| 2020 | 1.32% | 0.00% |
| 2019 | 1.75% | 0.00% |
| 2018 | 2.26% | 0.00% |
| 2017 | 1.70% | 0.00% |
| 2016 | 2.49% | 0.00% |
| 2015 | 3.76% | 0.00% |
| 2014 | 1.55% | 0.00% |
| 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% |
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