ALLW vs. MOOD

Last updated Jul 15, 2026

ALLW (State Street Bridgewater All Weather ETF) and MOOD (Relative Sentiment Tactical Allocation ETF) are both Tactical Allocation funds. Both are actively managed. Over the past year, ALLW returned 18.07% vs 31.34% for MOOD. Their correlation of 0.80 suggests significant overlap in exposure. ALLW charges 0.85%/yr vs 0.73%/yr for MOOD.

Performance

ALLW vs. MOOD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street Bridgewater All Weather ETF (ALLW) and Relative Sentiment Tactical Allocation ETF (MOOD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ALLW achieves a 6.55% return, which is significantly lower than MOOD's 13.94% return.

ALLW

• 1D: 0.90%
• 1M: -0.65%
• 6M: 3.24%
• YTD: 6.55%
• 1Y: 18.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MOOD

• 1D: 0.57%
• 1M: -0.15%
• 6M: 8.08%
• YTD: 13.94%
• 1Y: 31.34%
• 3Y*: 19.59%
• 5Y*: —
• 10Y*: —

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

ALLW vs. MOOD - Yearly Performance Comparison

	2026 (YTD)	2025
ALLW State Street Bridgewater All Weather ETF	6.55%	15.44%
MOOD Relative Sentiment Tactical Allocation ETF	13.94%	24.30%

Correlation

The correlation between ALLW and MOOD is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.82
Correlation (All Time) Calculated using the full available price history since Mar 6, 2025	0.80

The correlation between ALLW and MOOD has been stable across timeframes, ranging from 0.80 to 0.82 - a consistent structural relationship.

Return for Risk

ALLW vs. MOOD — Risk / Return Rank

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

ALLW

ALLW Risk / Return Rank: 62
ALLW Sharpe Ratio Rank: 61
ALLW Sortino Ratio Rank: 58
ALLW Omega Ratio Rank: 61
ALLW Calmar Ratio Rank: 63
ALLW Martin Ratio Rank: 65

MOOD

MOOD Risk / Return Rank: 78
MOOD Sharpe Ratio Rank: 84
MOOD Sortino Ratio Rank: 72
MOOD Omega Ratio Rank: 87
MOOD Calmar Ratio Rank: 78
MOOD Martin Ratio Rank: 68

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. MOOD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street Bridgewater All Weather ETF (ALLW) and Relative Sentiment Tactical Allocation ETF (MOOD). 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	MOOD	Difference
Sharpe ratio: Return per unit of total volatility	1.63	2.14	-0.51
Sortino ratio: Return per unit of downside risk	2.20	2.57	-0.37
Omega ratio: Gain probability vs. loss probability	1.29	1.42	-0.12
Calmar ratio: Return relative to maximum drawdown	2.51	3.24	-0.73
Martin ratio: Return relative to average drawdown	9.14	9.87	-0.73

ALLW vs. MOOD - Sharpe Ratio Comparison

The current ALLW Sharpe Ratio is 1.63, which is comparable to the MOOD Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of ALLW and MOOD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ALLW vs. MOOD - Drawdown Comparison

The maximum ALLW drawdown since its inception was -8.78%, smaller than the maximum MOOD drawdown of -14.34%. Use the drawdown chart below to compare losses from any high point for ALLW and MOOD.

Drawdown Indicators

	ALLW	MOOD	Difference
Max Drawdown Largest peak-to-trough decline	-8.78%	-14.34%	+5.56%
Max Drawdown (1Y) Largest decline over 1 year	-7.23%	-9.71%	+2.48%
Max Drawdown (3Y) Largest decline over 3 years	—	-9.71%	—
Current Drawdown Current decline from peak	-3.21%	-1.50%	-1.71%
Average Drawdown Average peak-to-trough decline	-1.34%	-2.31%	+0.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.98%	3.18%	-1.20%

Volatility

ALLW vs. MOOD - Volatility Comparison

The current volatility for State Street Bridgewater All Weather ETF (ALLW) is 2.86%, while Relative Sentiment Tactical Allocation ETF (MOOD) has a volatility of 3.47%. This indicates that ALLW experiences smaller price fluctuations and is considered to be less risky than MOOD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ALLW	MOOD	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.86%	3.47%	-0.61%
Volatility (6M) Calculated over the trailing 6-month period	9.32%	12.57%	-3.25%
Volatility (1Y) Calculated over the trailing 1-year period	11.12%	14.69%	-3.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.58%	12.13%	+0.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.58%	12.13%	+0.45%

ALLW vs. MOOD - Expense Ratio Comparison

ALLW has a 0.85% expense ratio, which is higher than MOOD's 0.73% expense ratio.

Dividends

ALLW vs. MOOD - Dividend Comparison

ALLW's dividend yield for the trailing twelve months is around 4.39%, more than MOOD's 0.35% yield.

Position	TTM	2025	2024	2023	2022
ALLW State Street Bridgewater All Weather ETF	4.39%	4.67%	0.00%	0.00%	0.00%
MOOD Relative Sentiment Tactical Allocation ETF	0.35%	0.40%	1.33%	1.34%	1.43%

Frequently Asked Questions

Can I hold both ALLW and MOOD in my portfolio?

ALLW and MOOD have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ALLW or MOOD?

MOOD has higher volatility (3.47%) compared to ALLW (2.86%). In terms of maximum drawdown, ALLW dropped -8.78% vs MOOD's -14.34%.

Which ETF is better, ALLW or MOOD?

On 1-year performance, MOOD leads with 31.34% vs 18.07% for ALLW. On fees, MOOD is cheaper at 0.73% per year. On volatility, ALLW has been the lower-risk option at 2.86%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ALLW or MOOD?

Over the 1-year period, MOOD has performed better with a 31.34% return vs 18.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ALLW or MOOD?

MOOD is cheaper with a 0.73% expense ratio, compared with 0.85% for ALLW.

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

ALLW has the higher dividend yield at 4.39%, compared with 0.35% for MOOD.

What is the main difference between ALLW and MOOD?

They also come from different issuers: State Street and Relative Sentiment. Their fees differ too: 0.85% for ALLW and 0.73% for MOOD.

Which has better risk-adjusted returns?

MOOD currently has the higher Sharpe Ratio (2.14 vs 1.63), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.