DEED vs. ALLW

Last updated Apr 2, 2026

Compare and contrast key facts about First Trust TCW Securitized Plus ETF (DEED) and SPDR Bridgewater All Weather ETF (ALLW).

DEED and ALLW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DEED is an actively managed fund by First Trust. It was launched on Apr 29, 2020. ALLW is an actively managed fund by State Street. It was launched on Mar 5, 2025.

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.

DEED vs. ALLW - Yearly Performance Comparison

	2026 (YTD)	2025
DEED First Trust TCW Securitized Plus ETF	-0.24%	5.63%
ALLW SPDR Bridgewater All Weather ETF	5.38%	15.04%

Returns By Period

In the year-to-date period, DEED achieves a -0.24% return, which is significantly lower than ALLW's 5.38% return.

DEED

• 1D: -0.05%
• 1M: -2.10%
• YTD: -0.24%
• 6M: 1.63%
• 1Y: 4.96%
• 3Y*: 4.60%
• 5Y*: 0.31%
• 10Y*: —

ALLW

• 1D: 0.42%
• 1M: -3.37%
• YTD: 5.38%
• 6M: 8.07%
• 1Y: 19.82%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DEED vs. ALLW - Expense Ratio Comparison

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

ALLW

SPDR Bridgewater All Weather ETF

DEED

First Trust TCW Securitized Plus ETF

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: 53
DEED Sharpe Ratio Rank: 57
DEED Sortino Ratio Rank: 56
DEED Omega Ratio Rank: 46
DEED Calmar Ratio Rank: 59
DEED Martin Ratio Rank: 46

ALLW

ALLW Risk / Return Rank: 80
ALLW Sharpe Ratio Rank: 79
ALLW Sortino Ratio Rank: 78
ALLW Omega Ratio Rank: 79
ALLW Calmar Ratio Rank: 81
ALLW Martin Ratio Rank: 84

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	1.07	1.52	-0.45
Sortino ratio Return per unit of downside risk	1.53	2.05	-0.53
Omega ratio Gain probability vs. loss probability	1.19	1.31	-0.12
Calmar ratio Return relative to maximum drawdown	1.65	2.33	-0.68
Martin ratio Return relative to average drawdown	4.75	10.06	-5.31
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 1.07, which is comparable to the ALLW Sharpe Ratio of 1.52. The chart below compares the historical Sharpe Ratios of DEED 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

	DEED	ALLW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.07	1.52	-0.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.05	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.18	1.55	-1.36

Correlation

The correlation between DEED and ALLW is 0.45, 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

DEED vs. ALLW - Dividend Comparison

DEED's dividend yield for the trailing twelve months is around 4.17%, less than ALLW's 4.44% yield.

	TTM	2025	2024	2023	2022	2021	2020
DEED First Trust TCW Securitized Plus ETF	4.17%	4.10%	5.73%	5.59%	2.43%	1.93%	1.60%
ALLW SPDR Bridgewater All Weather ETF	4.44%	4.67%	0.00%	0.00%	0.00%	0.00%	0.00%

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	-3.12%	-8.78%	+5.66%
Max Drawdown (5Y) Largest decline over 5 years	-19.96%	—	—
Current Drawdown Current decline from peak	-2.59%	-3.88%	+1.29%
Average Drawdown Average peak-to-trough decline	-6.75%	-1.19%	-5.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.09%	2.03%	-0.94%

Volatility

DEED vs. ALLW - Volatility Comparison

The current volatility for First Trust TCW Securitized Plus ETF (DEED) is 1.75%, while SPDR Bridgewater All Weather ETF (ALLW) has a volatility of 5.27%. 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	1.75%	5.27%	-3.52%
Volatility (6M) Calculated over the trailing 6-month period	2.87%	8.56%	-5.69%
Volatility (1Y) Calculated over the trailing 1-year period	4.65%	13.08%	-8.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.52%	12.81%	-6.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.03%	12.81%	-6.78%