DFE vs. GAL
DFE (WisdomTree Europe SmallCap Dividend Fund) and GAL (SPDR SSgA Global Allocation ETF) are both exchange-traded funds - DFE is a Europe Equities fund tracking the WisdomTree Europe SmallCap Dividend Index, while GAL is a Diversified Portfolio fund actively managed by State Street. DFE is passively managed, while GAL is actively managed. Over the past 10 years, DFE returned 7.77%/yr vs 7.85%/yr for GAL. Their 0.77 correlation means they have sometimes moved together and sometimes differently. DFE charges 0.58%/yr vs 0.35%/yr for GAL.
Performance
DFE vs. GAL - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with DFE having a 7.42% return and GAL slightly higher at 7.66%. Both investments have delivered pretty close results over the past 10 years, with DFE having a 7.77% annualized return and GAL not far ahead at 7.85%.
DFE
- 1D
- -0.38%
- 1M
- 3.01%
- 6M
- 3.22%
- YTD
- 7.42%
- 1Y
- 14.13%
- 3Y*
- 14.41%
- 5Y*
- 4.54%
- 10Y*
- 7.77%
- ALL TIME*
- 6.45%
GAL
- 1D
- 0.08%
- 1M
- -0.03%
- 6M
- 4.70%
- YTD
- 7.66%
- 1Y
- 16.16%
- 3Y*
- 12.22%
- 5Y*
- 6.65%
- 10Y*
- 7.85%
- ALL TIME*
- 7.30%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $212.25K | $423.32K | $471.65K | |
| $682.10K | $570.69K | $694.40K |
DFE vs. GAL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DFE WisdomTree Europe SmallCap Dividend Fund | 7.42% | 32.85% | -0.61% | 14.94% | -22.15% | 18.44% | 2.15% | 27.15% | -21.23% | 32.71% |
GAL SPDR SSgA Global Allocation ETF | 7.66% | 15.95% | 9.85% | 13.32% | -13.41% | 12.23% | 9.33% | 19.59% | -7.71% | 18.67% |
Correlation
The correlation between DFE and GAL is 0.79, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.79 |
Correlation (3Y) Balances recent behavior with more history. | 0.80 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.83 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.80 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2012 | 0.77 |
The correlation between DFE and GAL has been stable across timeframes, ranging from 0.77 to 0.83 - a consistent structural relationship.
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Return for Risk
DFE vs. GAL — Risk / Return Rank
DFE
GAL
DFE vs. GAL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Europe SmallCap Dividend Fund (DFE) and SPDR SSgA Global Allocation ETF (GAL). 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.
| DFE | GAL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.76 | ||
| Sortino ratioReturn per unit of downside risk | -0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.31 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 2.54 | -1.32 |
| Martin ratioReturn relative to average drawdown | 3.88 | 9.97 | -6.09 |
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Drawdowns
DFE vs. GAL - Drawdown Comparison
The maximum DFE drawdown since its inception was -69.38%, which is greater than GAL's maximum drawdown of -28.31%. Use the drawdown chart below to compare losses from any high point for DFE and GAL.
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Drawdown Indicators
| DFE | GAL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.38% | -28.31% | -41.07% |
Max Drawdown (1Y)Largest decline over 1 year | -11.41% | -6.27% | -5.14% |
Max Drawdown (3Y)Largest decline over 3 years | -13.86% | -9.12% | -4.74% |
Max Drawdown (5Y)Largest decline over 5 years | -40.34% | -21.14% | -19.20% |
Max Drawdown (10Y)Largest decline over 10 years | -49.66% | -28.31% | -21.35% |
Current DrawdownCurrent decline from peak | -1.05% | -1.54% | +0.49% |
Average DrawdownAverage peak-to-trough decline | -17.62% | -3.72% | -13.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.56% | 1.59% | +1.97% |
Volatility
DFE vs. GAL - Volatility Comparison
WisdomTree Europe SmallCap Dividend Fund (DFE) has a higher volatility of 4.06% compared to SPDR SSgA Global Allocation ETF (GAL) at 2.56%. This indicates that DFE's price experiences larger fluctuations and is considered to be riskier than GAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DFE | GAL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.06% | 2.56% | +1.50% |
Volatility (6M)Calculated over the trailing 6-month period | 12.82% | 7.79% | +5.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.15% | 9.50% | +5.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.04% | 10.52% | +8.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.20% | 11.40% | +7.80% |
DFE vs. GAL - Expense Ratio Comparison
DFE has a 0.58% expense ratio, which is higher than GAL's 0.35% expense ratio.
Dividends
DFE vs. GAL - Dividend Comparison
DFE's dividend yield for the trailing twelve months is around 3.95%, more than GAL's 3.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFE WisdomTree Europe SmallCap Dividend Fund | 3.95% | 4.38% | 4.93% | 4.97% | 5.84% | 2.56% | 2.43% | 3.39% | 4.97% | 2.53% | 4.05% | 2.78% |
GAL SPDR SSgA Global Allocation ETF | 3.22% | 3.47% | 2.99% | 2.56% | 6.19% | 4.05% | 2.14% | 2.96% | 2.43% | 2.26% | 2.43% | 3.10% |
Frequently Asked Questions
DFE and GAL have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DFE has higher volatility (4.06%) compared to GAL (2.56%). In terms of maximum drawdown, DFE dropped -69.38% vs GAL's -28.31%.
On 10-year performance, GAL leads with 7.85% vs 7.77% for DFE. On fees, GAL is cheaper at 0.35% per year. On volatility, GAL has been the lower-risk option at 2.56%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, GAL has performed better with a 7.85% return vs 7.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GAL is cheaper with a 0.35% expense ratio, compared with 0.58% for DFE.
DFE has the higher dividend yield at 3.95%, compared with 3.22% for GAL.
DFE is categorized as Europe Equities, while GAL is Diversified Portfolio. They also come from different issuers: WisdomTree and State Street. Their fees differ too: 0.58% for DFE and 0.35% for GAL.
GAL currently has the higher Sharpe Ratio (1.67 vs 0.92), 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.
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