DYMIX vs. ALLW
DYMIX (Dynamic Alpha Macro Fund Institutional) and ALLW (SPDR Bridgewater All Weather ETF) are both funds - DYMIX is a Macro Trading fund actively managed by Dynamic Alpha Funds, while ALLW is a Tactical Allocation fund actively managed by State Street. Both are actively managed. Over the past year, DYMIX returned 29.27% vs 23.78% for ALLW. A 0.58 correlation means they provide meaningful diversification when combined. DYMIX charges 1.98%/yr vs 0.85%/yr for ALLW.
Performance
DYMIX vs. ALLW - Performance Comparison
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Returns By Period
In the year-to-date period, DYMIX achieves a 8.05% return, which is significantly lower than ALLW's 9.20% return.
DYMIX
- 1D
- 0.48%
- 1M
- 2.07%
- YTD
- 8.05%
- 6M
- 10.12%
- 1Y
- 29.27%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ALLW
- 1D
- -0.76%
- 1M
- 0.91%
- YTD
- 9.20%
- 6M
- 8.47%
- 1Y
- 23.78%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DYMIX vs. ALLW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DYMIX Dynamic Alpha Macro Fund Institutional | 8.05% | 22.45% |
ALLW SPDR Bridgewater All Weather ETF | 9.20% | 15.04% |
Correlation
The correlation between DYMIX and ALLW is 0.60, 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 | 0.60 |
Correlation (All Time) Calculated using the full available price history since Mar 7, 2025 | 0.58 |
The correlation between DYMIX and ALLW has been stable across timeframes, ranging from 0.58 to 0.60 - a consistent structural relationship.
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Return for Risk
DYMIX vs. ALLW — Risk / Return Rank
DYMIX
ALLW
DYMIX vs. ALLW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dynamic Alpha Macro Fund Institutional (DYMIX) 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.
| DYMIX | ALLW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.41 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.30 | 3.30 | -1.00 |
| Martin ratioReturn relative to average drawdown | 5.33 | 14.01 | -8.68 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DYMIX | ALLW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.95 | 2.27 | -0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.73 | 1.62 | +0.11 |
Drawdowns
DYMIX vs. ALLW - Drawdown Comparison
The maximum DYMIX drawdown since its inception was -12.95%, which is greater than ALLW's maximum drawdown of -8.78%. Use the drawdown chart below to compare losses from any high point for DYMIX and ALLW.
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Drawdown Indicators
| DYMIX | ALLW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.95% | -8.78% | -4.17% |
Max Drawdown (1Y)Largest decline over 1 year | -12.95% | -7.23% | -5.72% |
Current DrawdownCurrent decline from peak | -8.95% | -0.79% | -8.16% |
Average DrawdownAverage peak-to-trough decline | -3.76% | -1.20% | -2.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.59% | 1.70% | +3.89% |
Volatility
DYMIX vs. ALLW - Volatility Comparison
The current volatility for Dynamic Alpha Macro Fund Institutional (DYMIX) is 2.82%, while SPDR Bridgewater All Weather ETF (ALLW) has a volatility of 3.43%. This indicates that DYMIX 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.
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Volatility by Period
| DYMIX | ALLW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.82% | 3.43% | -0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 11.28% | 8.71% | +2.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.32% | 10.52% | +4.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.43% | 12.54% | +1.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.43% | 12.54% | +1.89% |
DYMIX vs. ALLW - Expense Ratio Comparison
DYMIX has a 1.98% expense ratio, which is higher than ALLW's 0.85% expense ratio.
Dividends
DYMIX vs. ALLW - Dividend Comparison
DYMIX's dividend yield for the trailing twelve months is around 6.31%, more than ALLW's 4.28% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
ALLW SPDR Bridgewater All Weather ETF | 4.28% | 4.67% | 0.00% | 0.00% |
DYMIX Dynamic Alpha Macro Fund Institutional | 6.31% | 6.82% | 7.12% | 0.42% |
Frequently Asked Questions
DYMIX and ALLW have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ALLW has higher volatility (3.43%) compared to DYMIX (2.82%). In terms of maximum drawdown, DYMIX dropped -12.95% vs ALLW's -8.78%.
ALLW currently has the higher Sharpe Ratio (2.27 vs 1.95), 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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