DXIV vs. ALLW

Last updated Jun 23, 2026

DXIV (Dimensional International Vector Equity ETF) and ALLW (State Street Bridgewater All Weather ETF) are both exchange-traded funds - DXIV is a Foreign Small & Mid Cap Equities fund actively managed by Dimensional Fund Advisors, while ALLW is a Tactical Allocation fund actively managed by State Street. Both are actively managed. Over the past year, DXIV returned 30.37% vs 19.05% for ALLW. A 0.74 correlation means they provide meaningful diversification when combined. DXIV charges 0.30%/yr vs 0.85%/yr for ALLW.

Performance

DXIV vs. ALLW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dimensional International Vector Equity ETF (DXIV) and State Street 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, DXIV achieves a 10.58% return, which is significantly higher than ALLW's 7.06% return.

DXIV

• 1D: 0.17%
• 1M: -0.18%
• YTD: 10.58%
• 6M: 11.06%
• 1Y: 30.37%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ALLW

• 1D: -0.60%
• 1M: -1.40%
• YTD: 7.06%
• 6M: 6.75%
• 1Y: 19.05%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DXIV vs. ALLW - Yearly Performance Comparison

	2026 (YTD)	2025
DXIV Dimensional International Vector Equity ETF	10.58%	27.19%
ALLW State Street Bridgewater All Weather ETF	7.06%	15.44%

Correlation

The correlation between DXIV and ALLW is 0.75, 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	0.75
Correlation (All Time) Calculated using the full available price history since Mar 6, 2025	0.74

The correlation between DXIV and ALLW has been stable across timeframes, ranging from 0.74 to 0.75 - a consistent structural relationship.

Return for Risk

DXIV vs. ALLW — Risk / Return Rank

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

DXIV

DXIV Risk / Return Rank: 66
DXIV Sharpe Ratio Rank: 71
DXIV Sortino Ratio Rank: 68
DXIV Omega Ratio Rank: 70
DXIV Calmar Ratio Rank: 58
DXIV Martin Ratio Rank: 63

ALLW

ALLW Risk / Return Rank: 54
ALLW Sharpe Ratio Rank: 53
ALLW Sortino Ratio Rank: 49
ALLW Omega Ratio Rank: 52
ALLW Calmar Ratio Rank: 55
ALLW Martin Ratio Rank: 61

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.

DXIV vs. ALLW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dimensional International Vector Equity ETF (DXIV) and State Street 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.

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.

	DXIV	ALLW	Difference
Sharpe ratio: Return per unit of total volatility	2.20	1.74	+0.46
Sortino ratio: Return per unit of downside risk	3.00	2.34	+0.66
Omega ratio: Gain probability vs. loss probability	1.40	1.32	+0.08
Calmar ratio: Return relative to maximum drawdown	2.81	2.64	+0.17
Martin ratio: Return relative to average drawdown	11.02	10.61	+0.41

DXIV vs. ALLW - Sharpe Ratio Comparison

The current DXIV Sharpe Ratio is 2.20, which is comparable to the ALLW Sharpe Ratio of 1.74. The chart below compares the historical Sharpe Ratios of DXIV 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.

Drawdowns

DXIV vs. ALLW - Drawdown Comparison

The maximum DXIV drawdown since its inception was -13.71%, which is greater than ALLW's maximum drawdown of -8.78%. Use the drawdown chart below to compare losses from any high point for DXIV and ALLW.

Drawdown Indicators

	DXIV	ALLW	Difference
Max Drawdown Largest peak-to-trough decline	-13.71%	-8.78%	-4.93%
Max Drawdown (1Y) Largest decline over 1 year	-10.84%	-7.23%	-3.61%
Current Drawdown Current decline from peak	-1.57%	-2.74%	+1.17%
Average Drawdown Average peak-to-trough decline	-2.45%	-1.25%	-1.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.76%	1.80%	+0.96%

Volatility

DXIV vs. ALLW - Volatility Comparison

Dimensional International Vector Equity ETF (DXIV) has a higher volatility of 4.18% compared to State Street Bridgewater All Weather ETF (ALLW) at 3.88%. This indicates that DXIV'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

	DXIV	ALLW	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.18%	3.88%	+0.30%
Volatility (6M) Calculated over the trailing 6-month period	11.60%	9.30%	+2.30%
Volatility (1Y) Calculated over the trailing 1-year period	13.87%	11.02%	+2.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.43%	12.69%	+2.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.43%	12.69%	+2.74%

DXIV vs. ALLW - Expense Ratio Comparison

DXIV has a 0.30% expense ratio, which is lower than ALLW's 0.85% expense ratio.

Dividends

DXIV vs. ALLW - Dividend Comparison

DXIV's dividend yield for the trailing twelve months is around 2.30%, less than ALLW's 4.37% yield.

Position	TTM	2025	2024
ALLW State Street Bridgewater All Weather ETF	4.37%	4.67%	0.00%
DXIV Dimensional International Vector Equity ETF	2.30%	2.50%	0.64%

Frequently Asked Questions

Can I hold both DXIV and ALLW in my portfolio?

DXIV and ALLW have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DXIV or ALLW?

DXIV has higher volatility (4.18%) compared to ALLW (3.88%). In terms of maximum drawdown, DXIV dropped -13.71% vs ALLW's -8.78%.

Which ETF is better, DXIV or ALLW?

On 1-year performance, DXIV leads with 30.37% vs 19.05% for ALLW. On fees, DXIV is cheaper at 0.30% per year. On volatility, ALLW has been the lower-risk option at 3.88%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DXIV or ALLW?

Over the 1-year period, DXIV has performed better with a 30.37% return vs 19.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DXIV or ALLW?

DXIV is cheaper with a 0.30% expense ratio, compared with 0.85% for ALLW.

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

ALLW has the higher dividend yield at 4.37%, compared with 2.30% for DXIV.

What is the main difference between DXIV and ALLW?

DXIV is categorized as Foreign Small & Mid Cap Equities, while ALLW is Tactical Allocation. They also come from different issuers: Dimensional Fund Advisors and State Street. Their fees differ too: 0.30% for DXIV and 0.85% for ALLW.

Which has better risk-adjusted returns?

DXIV currently has the higher Sharpe Ratio (2.20 vs 1.74), 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.