DEED vs. ALLW

Last updated Jun 3, 2026

DEED (First Trust TCW Securitized Plus ETF) and ALLW (SPDR Bridgewater All Weather ETF) are both exchange-traded funds - DEED is a Mortgage Backed Securities fund actively managed by First Trust, while ALLW is a Tactical Allocation fund actively managed by State Street. Both are actively managed. Over the past year, DEED returned 6.56% vs 24.48% for ALLW. At a 0.48 correlation, their price movements are largely independent. DEED charges 0.65%/yr vs 0.85%/yr for ALLW.

Performance

DEED vs. ALLW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust TCW Securitized Plus ETF (DEED) and SPDR Bridgewater All Weather ETF (ALLW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DEED achieves a 0.42% return, which is significantly lower than ALLW's 10.04% return.

DEED

• 1D: 0.10%
• 1M: 0.15%
• YTD: 0.42%
• 6M: 0.70%
• 1Y: 6.56%
• 3Y*: 4.95%
• 5Y*: 0.25%
• 10Y*: —

ALLW

• 1D: 0.36%
• 1M: 1.24%
• YTD: 10.04%
• 6M: 9.83%
• 1Y: 24.48%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DEED vs. ALLW - Yearly Performance Comparison

	2026 (YTD)	2025
DEED First Trust TCW Securitized Plus ETF	0.42%	5.63%
ALLW SPDR Bridgewater All Weather ETF	10.04%	15.04%

Correlation

The correlation between DEED and ALLW is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.53
Correlation (All Time) Calculated using the full available price history since Mar 7, 2025	0.48

The correlation between DEED and ALLW has been stable across timeframes, ranging from 0.48 to 0.53 - a consistent structural relationship.

Return for Risk

DEED vs. ALLW — Risk / Return Rank

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

DEED

DEED Risk / Return Rank: 44
DEED Sharpe Ratio Rank: 48
DEED Sortino Ratio Rank: 50
DEED Omega Ratio Rank: 47
DEED Calmar Ratio Rank: 39
DEED Martin Ratio Rank: 35

ALLW

ALLW Risk / Return Rank: 71
ALLW Sharpe Ratio Rank: 70
ALLW Sortino Ratio Rank: 68
ALLW Omega Ratio Rank: 70
ALLW Calmar Ratio Rank: 69
ALLW Martin Ratio Rank: 76

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.

DEED vs. ALLW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust TCW Securitized Plus ETF (DEED) 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.

	DEED	ALLW	Difference
Sharpe ratio Return per unit of total volatility	1.67	2.34	-0.67
Sortino ratio Return per unit of downside risk	2.45	3.15	-0.70
Omega ratio Gain probability vs. loss probability	1.30	1.43	-0.13
Calmar ratio Return relative to maximum drawdown	1.95	3.47	-1.52
Martin ratio Return relative to average drawdown	5.53	14.77	-9.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DEED vs. ALLW - Sharpe Ratio Comparison

The current DEED Sharpe Ratio is 1.67, which is comparable to the ALLW Sharpe Ratio of 2.34. The chart below compares the historical Sharpe Ratios of DEED and ALLW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DEED	ALLW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.67	2.34	-0.67
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.04	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	1.68	-1.48

Drawdowns

DEED vs. ALLW - Drawdown Comparison

The maximum DEED drawdown since its inception was -19.96%, which is greater than ALLW's maximum drawdown of -8.78%. Use the drawdown chart below to compare losses from any high point for DEED and ALLW.

Drawdown Indicators

	DEED	ALLW	Difference
Max Drawdown Largest peak-to-trough decline	-19.96%	-8.78%	-11.18%
Max Drawdown (1Y) Largest decline over 1 year	-3.18%	-7.23%	+4.05%
Max Drawdown (3Y) Largest decline over 3 years	-8.50%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-19.96%	—	—
Current Drawdown Current decline from peak	-1.95%	-0.03%	-1.92%
Average Drawdown Average peak-to-trough decline	-6.62%	-1.20%	-5.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.12%	1.70%	-0.58%

Volatility

DEED vs. ALLW - Volatility Comparison

The current volatility for First Trust TCW Securitized Plus ETF (DEED) is 1.11%, while SPDR Bridgewater All Weather ETF (ALLW) has a volatility of 3.36%. This indicates that DEED experiences smaller price fluctuations and is considered to be less risky than ALLW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DEED	ALLW	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.11%	3.36%	-2.25%
Volatility (6M) Calculated over the trailing 6-month period	2.89%	8.69%	-5.80%
Volatility (1Y) Calculated over the trailing 1-year period	3.96%	10.50%	-6.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.54%	12.54%	-6.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.98%	12.54%	-6.56%

DEED vs. ALLW - Expense Ratio Comparison

DEED has a 0.65% expense ratio, which is lower than ALLW's 0.85% expense ratio.

Dividends

DEED vs. ALLW - Dividend Comparison

DEED's dividend yield for the trailing twelve months is around 4.27%, which matches ALLW's 4.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
ALLW SPDR Bridgewater All Weather ETF	4.25%	4.67%	0.00%	0.00%	0.00%	0.00%	0.00%
DEED First Trust TCW Securitized Plus ETF	4.27%	4.10%	5.73%	5.59%	2.43%	1.93%	1.60%

Frequently Asked Questions

Can I hold both DEED and ALLW in my portfolio?

DEED and ALLW have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DEED or ALLW?

ALLW has higher volatility (3.36%) compared to DEED (1.11%). In terms of maximum drawdown, DEED dropped -19.96% vs ALLW's -8.78%.

Which ETF is better, DEED or ALLW?

On 1-year performance, ALLW leads with 24.48% vs 6.56% for DEED. On fees, DEED is cheaper at 0.65% per year. On volatility, DEED has been the lower-risk option at 1.11%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DEED or ALLW?

Over the 1-year period, ALLW has performed better with a 24.48% return vs 6.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DEED or ALLW?

DEED is cheaper with a 0.65% expense ratio, compared with 0.85% for ALLW.

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

DEED has the higher dividend yield at 4.27%, compared with 4.25% for ALLW.

What is the main difference between DEED and ALLW?

DEED is categorized as Mortgage Backed Securities, while ALLW is Tactical Allocation. They also come from different issuers: First Trust and State Street. Their fees differ too: 0.65% for DEED and 0.85% for ALLW.

Which has better risk-adjusted returns?

ALLW currently has the higher Sharpe Ratio (2.34 vs 1.67), 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.