ABRYX vs. GAL
Compare and contrast key facts about Invesco Balanced-Risk Allocation Fund (ABRYX) and SPDR SSgA Global Allocation ETF (GAL).
ABRYX is managed by Invesco. It was launched on Jun 1, 2009. GAL is an actively managed fund by State Street. It was launched on Apr 25, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ABRYX or GAL.
Correlation
The correlation between ABRYX and GAL is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
ABRYX vs. GAL - Performance Comparison
Key characteristics
ABRYX:
0.64
GAL:
1.46
ABRYX:
0.95
GAL:
2.04
ABRYX:
1.12
GAL:
1.26
ABRYX:
0.28
GAL:
2.45
ABRYX:
1.90
GAL:
8.38
ABRYX:
2.95%
GAL:
1.45%
ABRYX:
8.69%
GAL:
8.32%
ABRYX:
-27.29%
GAL:
-28.31%
ABRYX:
-14.26%
GAL:
-1.35%
Returns By Period
In the year-to-date period, ABRYX achieves a 3.11% return, which is significantly higher than GAL's 1.43% return. Over the past 10 years, ABRYX has underperformed GAL with an annualized return of 0.60%, while GAL has yielded a comparatively higher 5.73% annualized return.
ABRYX
3.11%
2.73%
5.12%
6.43%
1.11%
0.60%
GAL
1.43%
0.97%
7.32%
11.11%
5.92%
5.73%
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ABRYX vs. GAL - Expense Ratio Comparison
ABRYX has a 1.06% expense ratio, which is higher than GAL's 0.35% expense ratio.
Risk-Adjusted Performance
ABRYX vs. GAL — Risk-Adjusted Performance Rank
ABRYX
GAL
ABRYX vs. GAL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Balanced-Risk Allocation Fund (ABRYX) and SPDR SSgA Global Allocation ETF (GAL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
ABRYX vs. GAL - Dividend Comparison
ABRYX's dividend yield for the trailing twelve months is around 12.81%, more than GAL's 2.95% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABRYX Invesco Balanced-Risk Allocation Fund | 12.81% | 13.21% | 2.43% | 0.00% | 14.73% | 1.40% | 6.66% | 0.00% | 0.00% | 4.15% | 3.12% | 2.41% |
GAL SPDR SSgA Global Allocation ETF | 2.95% | 3.00% | 2.56% | 6.19% | 4.05% | 2.14% | 2.96% | 2.43% | 2.26% | 2.43% | 3.10% | 3.36% |
Drawdowns
ABRYX vs. GAL - Drawdown Comparison
The maximum ABRYX drawdown since its inception was -27.29%, roughly equal to the maximum GAL drawdown of -28.31%. Use the drawdown chart below to compare losses from any high point for ABRYX and GAL. For additional features, visit the drawdowns tool.
Volatility
ABRYX vs. GAL - Volatility Comparison
Invesco Balanced-Risk Allocation Fund (ABRYX) and SPDR SSgA Global Allocation ETF (GAL) have volatilities of 2.34% and 2.36%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.