ESBG vs. ALLW
Compare and contrast key facts about First Trust Enhanced Stocks, Bonds & Gold ETF (ESBG) and SPDR Bridgewater All Weather ETF (ALLW).
ESBG and ALLW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ESBG is an actively managed fund by First Trust. It was launched on Nov 19, 2025. ALLW is an actively managed fund by State Street. It was launched on Mar 5, 2025.
Performance
ESBG vs. ALLW - Performance Comparison
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ESBG vs. ALLW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ESBG First Trust Enhanced Stocks, Bonds & Gold ETF | 2.00% | 5.72% |
ALLW SPDR Bridgewater All Weather ETF | 5.38% | 1.64% |
Returns By Period
In the year-to-date period, ESBG achieves a 2.00% return, which is significantly lower than ALLW's 5.38% return.
ESBG
- 1D
- 1.58%
- 1M
- -11.95%
- YTD
- 2.00%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ALLW
- 1D
- 0.42%
- 1M
- -3.37%
- YTD
- 5.38%
- 6M
- 8.07%
- 1Y
- 19.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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ESBG vs. ALLW - Expense Ratio Comparison
ESBG has a 0.95% expense ratio, which is higher than ALLW's 0.85% expense ratio.
Return for Risk
ESBG vs. ALLW — Risk / Return Rank
ESBG
ALLW
ESBG vs. ALLW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Enhanced Stocks, Bonds & Gold ETF (ESBG) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| ESBG | ALLW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.52 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.85 | 1.55 | -0.69 |
Correlation
The correlation between ESBG and ALLW is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
ESBG vs. ALLW - Dividend Comparison
ESBG's dividend yield for the trailing twelve months is around 0.59%, less than ALLW's 4.44% yield.
| TTM | 2025 | |
|---|---|---|
ESBG First Trust Enhanced Stocks, Bonds & Gold ETF | 0.59% | 0.24% |
ALLW SPDR Bridgewater All Weather ETF | 4.44% | 4.67% |
Drawdowns
ESBG vs. ALLW - Drawdown Comparison
The maximum ESBG drawdown since its inception was -18.84%, which is greater than ALLW's maximum drawdown of -8.78%. Use the drawdown chart below to compare losses from any high point for ESBG and ALLW.
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Drawdown Indicators
| ESBG | ALLW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.84% | -8.78% | -10.06% |
Max Drawdown (1Y)Largest decline over 1 year | — | -8.78% | — |
Current DrawdownCurrent decline from peak | -13.50% | -3.88% | -9.62% |
Average DrawdownAverage peak-to-trough decline | -4.28% | -1.19% | -3.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.03% | — |
Volatility
ESBG vs. ALLW - Volatility Comparison
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Volatility by Period
| ESBG | ALLW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.27% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.56% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 27.69% | 13.08% | +14.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.69% | 12.81% | +14.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.69% | 12.81% | +14.88% |