CLSM vs. ALLW

Last updated Apr 3, 2026

Compare and contrast key facts about Cabana Target Leading Sector Moderate ETF (CLSM) and SPDR Bridgewater All Weather ETF (ALLW).

CLSM and ALLW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CLSM is a passively managed fund by Cabana that tracks the performance of the Actively Managed. It was launched on Jul 12, 2021. ALLW is an actively managed fund by State Street. It was launched on Mar 5, 2025.

Performance

CLSM vs. ALLW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cabana Target Leading Sector Moderate ETF (CLSM) and SPDR Bridgewater All Weather ETF (ALLW). The values are adjusted to include any dividend payments, if applicable.

CLSM vs. ALLW - Yearly Performance Comparison

	2026 (YTD)	2025
CLSM Cabana Target Leading Sector Moderate ETF	1.09%	16.06%
ALLW SPDR Bridgewater All Weather ETF	5.86%	15.04%

Returns By Period

In the year-to-date period, CLSM achieves a 1.09% return, which is significantly lower than ALLW's 5.86% return.

CLSM

• 1D: 0.16%
• 1M: -0.70%
• YTD: 1.09%
• 6M: 2.59%
• 1Y: 12.48%
• 3Y*: 7.19%
• 5Y*: —
• 10Y*: —

ALLW

• 1D: 0.45%
• 1M: -1.52%
• YTD: 5.86%
• 6M: 8.48%
• 1Y: 19.79%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CLSM vs. ALLW - Expense Ratio Comparison

CLSM has a 0.82% expense ratio, which is lower than ALLW's 0.85% expense ratio.

ALLW

SPDR Bridgewater All Weather ETF

CLSM

Cabana Target Leading Sector Moderate ETF

Return for Risk

CLSM vs. ALLW — Risk / Return Rank

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

CLSM

CLSM Risk / Return Rank: 36
CLSM Sharpe Ratio Rank: 40
CLSM Sortino Ratio Rank: 35
CLSM Omega Ratio Rank: 40
CLSM Calmar Ratio Rank: 29
CLSM Martin Ratio Rank: 33

ALLW

ALLW Risk / Return Rank: 77
ALLW Sharpe Ratio Rank: 78
ALLW Sortino Ratio Rank: 76
ALLW Omega Ratio Rank: 77
ALLW Calmar Ratio Rank: 75
ALLW Martin Ratio Rank: 80

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.

CLSM vs. ALLW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cabana Target Leading Sector Moderate ETF (CLSM) and SPDR Bridgewater All Weather ETF (ALLW). 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.

	CLSM	ALLW	Difference
Sharpe ratio Return per unit of total volatility	0.80	1.52	-0.72
Sortino ratio Return per unit of downside risk	1.10	2.05	-0.95
Omega ratio Gain probability vs. loss probability	1.17	1.31	-0.14
Calmar ratio Return relative to maximum drawdown	1.00	2.32	-1.33
Martin ratio Return relative to average drawdown	3.99	9.96	-5.97
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CLSM vs. ALLW - Sharpe Ratio Comparison

The current CLSM Sharpe Ratio is 0.80, which is lower than the ALLW Sharpe Ratio of 1.52. The chart below compares the historical Sharpe Ratios of CLSM and ALLW, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CLSM	ALLW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.80	1.52	-0.72
Sharpe Ratio (All Time) Calculated using the full available price history	0.05	1.58	-1.53

Correlation

The correlation between CLSM and ALLW is 0.60, 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.

Dividends

CLSM vs. ALLW - Dividend Comparison

CLSM's dividend yield for the trailing twelve months is around 0.89%, less than ALLW's 4.42% yield.

	TTM	2025	2024	2023	2022	2021
CLSM Cabana Target Leading Sector Moderate ETF	0.89%	0.90%	2.13%	2.58%	3.17%	0.59%
ALLW SPDR Bridgewater All Weather ETF	4.42%	4.67%	0.00%	0.00%	0.00%	0.00%

Drawdowns

CLSM vs. ALLW - Drawdown Comparison

The maximum CLSM drawdown since its inception was -27.77%, which is greater than ALLW's maximum drawdown of -8.78%. Use the drawdown chart below to compare losses from any high point for CLSM and ALLW.

Drawdown Indicators

	CLSM	ALLW	Difference
Max Drawdown Largest peak-to-trough decline	-27.77%	-8.78%	-18.99%
Max Drawdown (1Y) Largest decline over 1 year	-9.56%	-8.13%	-1.43%
Current Drawdown Current decline from peak	-6.76%	-3.45%	-3.31%
Average Drawdown Average peak-to-trough decline	-17.03%	-1.20%	-15.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.20%	2.04%	+1.16%

Volatility

CLSM vs. ALLW - Volatility Comparison

Cabana Target Leading Sector Moderate ETF (CLSM) has a higher volatility of 6.14% compared to SPDR Bridgewater All Weather ETF (ALLW) at 5.29%. This indicates that CLSM's price experiences larger fluctuations and is considered to be riskier than ALLW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CLSM	ALLW	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.14%	5.29%	+0.85%
Volatility (6M) Calculated over the trailing 6-month period	10.62%	8.56%	+2.06%
Volatility (1Y) Calculated over the trailing 1-year period	15.64%	13.07%	+2.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.42%	12.80%	-0.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.42%	12.80%	-0.38%