SPDR® S&P Emerging Asia Pacific ETF

10-Year Study

GMF.US · · US · ETF

Executive Summary: SPDR® S&P Emerging Asia Pacific ETF has compounded at 9.5% annually over the last 10 years, with a maximum drawdown of 35.6% and an annualized volatility of 16.1%.

1Y CAGR
+26.4%
3Y CAGR
+17.9%
5Y CAGR
+4.3%
10Y CAGR
+9.5%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
35.6%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
0.39
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
0.63
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
15.7%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2017 · +41.7%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2022 · -19.0%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
70%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
20263.53.5-8.47.5————————5.5%
2025-0.3-0.20.6-0.94.76.11.42.45.91.6-1.20.322.0%
2024-4.05.21.61.14.02.80.41.18.8-2.3-2.4-0.216.5%
20238.9-6.62.7-1.7-2.43.96.0-5.4-2.2-3.05.93.18.2%
2022-0.9-4.0-5.0-5.10.4-0.9-2.1-0.2-10.9-5.817.8-1.8-19.0%
20214.61.9-3.21.20.61.1-7.12.6-3.31.7-2.20.7-1.9%
2020-5.5-1.6-11.67.11.97.88.93.7-0.72.76.65.425.0%
20197.90.43.91.9-7.35.3-2.1-3.20.94.01.36.319.9%
20188.5-6.10.1-2.10.7-4.82.1-2.0-2.7-9.35.9-4.1-14.2%
20176.63.73.71.62.92.15.72.6-0.04.00.12.741.7%
2016———-1.30.03.04.62.92.3-1.4-3.1-2.84.0%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 16.1%. The dominant macroeconomic risk driver is VWO.US, accounting for 88.4% of variance. Idiosyncratic stock-specific factors contribute 2.1%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2016-03-0110000
2016-04-019874.417953062668
2016-05-019878.470600792518
2016-06-0110169.927686088246
2016-07-0110637.383090285655
2016-08-0110945.851289509146
2016-09-0111199.96731197716
2016-10-0111038.261664287334
2016-11-0110694.453709757041
2016-12-0110399.077397232859
2017-01-0111085.625942282291
2017-02-0111491.174233832771
2017-03-0111911.949140104867
2017-04-0112105.74241838001
2017-05-0112458.689677255808
2017-06-0112716.674894264255
2017-07-0113445.167509439501
2017-08-0113792.727915571506
2017-09-0113787.157609638296
2017-10-0114333.5312404104
2017-11-0114350.225480647357
2017-12-0114736.561219997064
2018-01-0115987.862069885661
2018-02-0115007.104641699245
2018-03-0115026.834198342916
2018-04-0114705.557630985579
2018-05-0114802.787821376633
2018-06-0114091.122866939733
2018-07-0114388.483809422156
2018-08-0114101.029339168255
2018-09-0113714.443436378435
2018-10-0112437.175621405984
2018-11-0113176.358554255447
2018-12-0112637.089565182587
2019-01-0113640.745286920788
2019-02-0113692.579151712453
2019-03-0114231.131005590321
2019-04-0114498.237898646517
2019-05-0113444.030218557897
2019-06-0114161.76649392056
2019-07-0113857.49182426464
2019-08-0113419.919566769951
2019-09-0113540.180174387111
2019-10-0114080.624461350557
2019-11-0114260.292015050743
2019-12-0115156.266942221262
2020-01-0114316.204958821794
2020-02-0114080.168943205003
2020-03-0112449.896220608922
2020-04-0113333.937335804185
2020-05-0113583.16938127441
2020-06-0114643.546914680874
2020-07-0115949.981862906292
2020-08-0116536.84319442218
2020-09-0116424.776823836757
2020-10-0116865.662403261667
2020-11-0117974.508085272613
2020-12-0118938.58170280625
2021-01-0119811.80108105199
2021-02-0120185.18726912651
2021-03-0119541.059163373455
2021-04-0119773.12784497395
2021-05-0119884.692891119856
2021-06-0120100.194963069232
2021-07-0118667.351184658743
2021-08-0119161.89756506803
2021-09-0118538.8556233041
2021-10-0118855.606146080543
2021-11-0118446.22257293385
2021-12-0118572.11862710591
2022-01-0118411.647727768734
2022-02-0117671.940972463988
2022-03-0116790.101104173216
2022-04-0115931.186013615483
2022-05-0115990.788908844925
2022-06-0115839.503443845031
2022-07-0115507.110071679122
2022-08-0115476.332059324985
2022-09-0113792.818426772548
2022-10-0112998.76504847099
2022-11-0115314.752902153235
2022-12-0115044.54030164942
2023-01-0116385.73204781877
2023-02-0115307.763625132222
2023-03-0115721.402094029558
2023-04-0115451.912215052767
2023-05-0115082.144724201582
2023-06-0115668.785931027021
2023-07-0116605.723136576835
2023-08-0115711.446859474232
2023-09-0115363.848342505646
2023-10-0114910.39020778406
2023-11-0115796.76489917749
2023-12-0116278.600033011151
2024-01-0115619.854629894657
2024-02-0116433.2204506912
2024-03-0116698.97457191563
2024-04-0116882.58528408808
2024-05-0117550.995815231447
2024-06-0118044.613345790865
2024-07-0118122.364440210313
2024-08-0118329.700267863154
2024-09-0119943.023389294678
2024-10-0119478.140401419685
2024-11-0119014.87590259816
2024-12-0118971.391733256612
2025-01-0118917.218156259227
2025-02-0118881.10116586391
2025-03-0118987.810744849397
2025-04-0118815.43275387511
2025-05-0119692.095238550643
2025-06-0120898.709365444276
2025-07-0121196.316674534002
2025-08-0121700.596892411115
2025-09-0122985.272578605523
2025-10-0123349.017814197203
2025-11-0123062.982956319225
2025-12-0123143.454435641444
2026-01-0123950.647858326036
2026-02-0124796.200184120295
2026-03-0122704.833824765512
2026-04-0124406.278768795615
Annual Return Matrix
YearAnnual Return
20170.41710275412685993
2018-0.1424668634338898
20190.19934790871305164
20200.24955450936592327
2021-0.019350080246296475
2022-0.18993946766568703
20230.08202708136096604
20240.16541912048854246
20250.21991337067123307
20260.054565075264191965
Total Factor Risk
0.1608145828036078
VTI.US Exposure
0.15655943235866482
VEA.US Exposure
-0.008236957938715898
VWO.US Exposure
0.8839831528783008
QQQ.US Exposure
-0.08255056366897777
VTV.US Exposure
-0.07321414939172259
IJR.US Exposure
-0.019644929001413007
QUAL.US Exposure
0.060260859850860306
SHV.US Exposure
0.0567034558407274
TLT.US Exposure
-0.04363378397685418
LQD.US Exposure
0.10459158132771126
HYG.US Exposure
-0.04386031068920028
GLD.US Exposure
-0.011235493136757176
USO.US Exposure
0.0016129809372040203
VNQ.US Exposure
0.013479090491503714
BTC-USD.CC Exposure
-0.0021864866919362566
CPER.US Exposure
-0.0007944257888107479
VIX.INDX Exposure
-0.00980314200228098
UUP.US Exposure
-0.007322445862389046
TIP.US Exposure
0.004579235953945738
Idiosyncratic Exposure
0.020712898510140017
Value Score
50
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
0
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
16.1%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →N/A
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →0.00%
Market Cap$0
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$0
Avg Yield on Cost
0.00%

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+2.7%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+6.3%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
3.4% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
0.71
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is SPDR® S&P Emerging Asia Pacific ETF a high-risk investment?

SPDR® S&P Emerging Asia Pacific ETF (GMF.US) has an annualized volatility of 16.1% and experienced a maximum drawdown of 35.6% over the last 10 years. Its primary macro risk driver is VWO.US.

What is the 10-year return of GMF.US?

Over the past 10 years, GMF.US has generated a Compound Annual Growth Rate (CAGR) of 9.5%. It has had a positive return in 70% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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