FLOW vs. ALLW

Last updated Jun 4, 2026

FLOW (SPX FLOW, Inc.) is a stock, while ALLW (SPDR Bridgewater All Weather ETF) is Tactical Allocation fund actively managed by State Street. Over the past year, FLOW returned 29.06% vs 23.78% for ALLW. At a 0.37 correlation, their price movements are largely independent.

Performance

FLOW vs. ALLW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPX FLOW, Inc. (FLOW) and SPDR Bridgewater All Weather ETF (ALLW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with FLOW having a 9.51% return and ALLW slightly lower at 9.20%.

FLOW

• 1D: -0.64%
• 1M: 5.94%
• YTD: 9.51%
• 6M: 10.60%
• 1Y: 29.06%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ALLW

• 1D: -0.76%
• 1M: 0.91%
• YTD: 9.20%
• 6M: 8.47%
• 1Y: 23.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FLOW vs. ALLW - Yearly Performance Comparison

	2026 (YTD)	2025
FLOW SPX FLOW, Inc.	9.51%	19.20%
ALLW SPDR Bridgewater All Weather ETF	9.20%	15.04%

Correlation

The correlation between FLOW and ALLW is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (All Time) Calculated using the full available price history since Mar 7, 2025	0.37

Return for Risk

FLOW vs. ALLW — Risk / Return Rank

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

FLOW

FLOW Risk / Return Rank: 87
FLOW Sharpe Ratio Rank: 86
FLOW Sortino Ratio Rank: 86
FLOW Omega Ratio Rank: 83
FLOW Calmar Ratio Rank: 89
FLOW Martin Ratio Rank: 91

ALLW

ALLW Risk / Return Rank: 67
ALLW Sharpe Ratio Rank: 67
ALLW Sortino Ratio Rank: 64
ALLW Omega Ratio Rank: 67
ALLW Calmar Ratio Rank: 66
ALLW Martin Ratio Rank: 73

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.

FLOW vs. ALLW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPX FLOW, Inc. (FLOW) 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.

	FLOW	ALLW	Difference
Sharpe ratio: Return per unit of total volatility	1.92	2.27	-0.36
Sortino ratio: Return per unit of downside risk	2.84	3.05	-0.21
Omega ratio: Gain probability vs. loss probability	1.34	1.41	-0.08
Calmar ratio: Return relative to maximum drawdown	4.41	3.30	+1.11
Martin ratio: Return relative to average drawdown	12.85	14.01	-1.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FLOW vs. ALLW - Sharpe Ratio Comparison

The current FLOW Sharpe Ratio is 1.92, which is comparable to the ALLW Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of FLOW 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.

Sharpe Ratios by Period

	FLOW	ALLW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.92	2.27	-0.36
Sharpe Ratio (All Time) Calculated using the full available price history	1.03	1.62	-0.58

Drawdowns

FLOW vs. ALLW - Drawdown Comparison

The maximum FLOW drawdown since its inception was -21.64%, which is greater than ALLW's maximum drawdown of -8.78%. Use the drawdown chart below to compare losses from any high point for FLOW and ALLW.

Drawdown Indicators

	FLOW	ALLW	Difference
Max Drawdown Largest peak-to-trough decline	-21.64%	-8.78%	-12.86%
Max Drawdown (1Y) Largest decline over 1 year	-6.61%	-7.23%	+0.62%
Current Drawdown Current decline from peak	-1.69%	-0.79%	-0.90%
Average Drawdown Average peak-to-trough decline	-3.13%	-1.20%	-1.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.27%	1.70%	+0.57%

Volatility

FLOW vs. ALLW - Volatility Comparison

SPX FLOW, Inc. (FLOW) has a higher volatility of 4.34% compared to SPDR Bridgewater All Weather ETF (ALLW) at 3.43%. This indicates that FLOW'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

	FLOW	ALLW	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.34%	3.43%	+0.91%
Volatility (6M) Calculated over the trailing 6-month period	10.07%	8.71%	+1.36%
Volatility (1Y) Calculated over the trailing 1-year period	15.30%	10.52%	+4.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.98%	12.54%	+4.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.98%	12.54%	+4.44%

Dividends

FLOW vs. ALLW - Dividend Comparison

FLOW's dividend yield for the trailing twelve months is around 2.20%, less 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%
FLOW SPX FLOW, Inc.	2.20%	2.15%	2.10%	0.95%

Frequently Asked Questions

Can I hold both FLOW and ALLW in my portfolio?

FLOW and ALLW have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLOW or ALLW?

FLOW has higher volatility (4.34%) compared to ALLW (3.43%). In terms of maximum drawdown, FLOW dropped -21.64% vs ALLW's -8.78%.

Which has better risk-adjusted returns?

ALLW currently has the higher Sharpe Ratio (2.27 vs 1.92), 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.