ALLW vs. ASGM

Last updated Jun 24, 2026

ALLW (State Street Bridgewater All Weather ETF) and ASGM (Virtus AlphaSimplex Global Macro ETF) are both Tactical Allocation funds. Both are actively managed. A 0.74 correlation means they provide meaningful diversification when combined. ALLW charges 0.85%/yr vs 0.86%/yr for ASGM.

Performance

ALLW vs. ASGM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street Bridgewater All Weather ETF (ALLW) and Virtus AlphaSimplex Global Macro ETF (ASGM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ALLW achieves a 5.97% return, which is significantly lower than ASGM's 17.56% return.

ALLW

• 1D: -1.02%
• 1M: -2.41%
• YTD: 5.97%
• 6M: 5.04%
• 1Y: 17.58%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ASGM

• 1D: -2.93%
• 1M: -1.26%
• YTD: 17.56%
• 6M: 17.07%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ALLW vs. ASGM - Yearly Performance Comparison

	2026 (YTD)	2025
ALLW State Street Bridgewater All Weather ETF	5.97%	9.36%
ASGM Virtus AlphaSimplex Global Macro ETF	17.56%	11.08%

Correlation

The correlation between ALLW and ASGM is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 5, 2025	0.74

Return for Risk

ALLW vs. ASGM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ALLW

ALLW Risk / Return Rank: 50
ALLW Sharpe Ratio Rank: 48
ALLW Sortino Ratio Rank: 45
ALLW Omega Ratio Rank: 47
ALLW Calmar Ratio Rank: 51
ALLW Martin Ratio Rank: 57

ASGM

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ALLW vs. ASGM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street Bridgewater All Weather ETF (ALLW) and Virtus AlphaSimplex Global Macro ETF (ASGM). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ALLW	ASGM	Difference
Sharpe ratio: Return per unit of total volatility	1.60	—	—
Sortino ratio: Return per unit of downside risk	2.16	—	—
Omega ratio: Gain probability vs. loss probability	1.29	—	—
Calmar ratio: Return relative to maximum drawdown	2.44	—	—
Martin ratio: Return relative to average drawdown	9.71	—	—

Drawdowns

ALLW vs. ASGM - Drawdown Comparison

The maximum ALLW drawdown since its inception was -8.78%, which is greater than ASGM's maximum drawdown of -6.62%. Use the drawdown chart below to compare losses from any high point for ALLW and ASGM.

Drawdown Indicators

	ALLW	ASGM	Difference
Max Drawdown Largest peak-to-trough decline	-8.78%	-6.62%	-2.16%
Max Drawdown (1Y) Largest decline over 1 year	-7.23%	—	—
Current Drawdown Current decline from peak	-3.73%	-4.56%	+0.83%
Average Drawdown Average peak-to-trough decline	-1.25%	-1.34%	+0.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.81%	—	—

Volatility

Volatility by Period

	ALLW	ASGM	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.00%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.34%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.05%	17.01%	-5.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.71%	17.01%	-4.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.71%	17.01%	-4.30%

ALLW vs. ASGM - Expense Ratio Comparison

ALLW has a 0.85% expense ratio, which is lower than ASGM's 0.86% expense ratio.

Dividends

ALLW vs. ASGM - Dividend Comparison

ALLW's dividend yield for the trailing twelve months is around 4.41%, more than ASGM's 3.84% yield.

Position	TTM	2025
ALLW State Street Bridgewater All Weather ETF	4.41%	4.67%
ASGM Virtus AlphaSimplex Global Macro ETF	3.84%	4.52%

Frequently Asked Questions

Can I hold both ALLW and ASGM in my portfolio?

ALLW and ASGM have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ALLW or ASGM?

On fees, ALLW is cheaper at 0.85% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ALLW or ASGM?

ALLW is cheaper with a 0.85% expense ratio, compared with 0.86% for ASGM.

Which ETF pays a higher dividend yield, ALLW or ASGM?

ALLW has the higher dividend yield at 4.41%, compared with 3.84% for ASGM.

What is the main difference between ALLW and ASGM?

They also come from different issuers: State Street and Virtus. Their fees differ too: 0.85% for ALLW and 0.86% for ASGM.