GAL vs. AVMA

Last updated Jun 24, 2026

GAL (SPDR SSgA Global Allocation ETF) and AVMA (Avantis Moderate Allocation ETF) are both Diversified Portfolio funds. Both are actively managed. Over the past year, GAL returned 17.25% vs 22.59% for AVMA. With a 0.96 correlation, they move nearly in lockstep. GAL charges 0.35%/yr vs 0.21%/yr for AVMA.

Performance

GAL vs. AVMA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR SSgA Global Allocation ETF (GAL) and Avantis Moderate Allocation ETF (AVMA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GAL achieves a 7.11% return, which is significantly lower than AVMA's 10.12% return.

GAL

• 1D: -1.50%
• 1M: -0.51%
• YTD: 7.11%
• 6M: 6.63%
• 1Y: 17.25%
• 3Y*: 13.27%
• 5Y*: 6.68%
• 10Y*: 8.25%

AVMA

• 1D: -0.99%
• 1M: 0.64%
• YTD: 10.12%
• 6M: 9.66%
• 1Y: 22.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GAL vs. AVMA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
GAL SPDR SSgA Global Allocation ETF	7.11%	15.95%	9.85%	5.99%
AVMA Avantis Moderate Allocation ETF	10.12%	16.72%	10.01%	8.36%

Correlation

The correlation between GAL and AVMA is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (All Time) Calculated using the full available price history since Jun 29, 2023	0.96

The correlation between GAL and AVMA has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.

Return for Risk

GAL vs. AVMA — Risk / Return Rank

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

GAL

GAL Risk / Return Rank: 61
GAL Sharpe Ratio Rank: 59
GAL Sortino Ratio Rank: 58
GAL Omega Ratio Rank: 61
GAL Calmar Ratio Rank: 60
GAL Martin Ratio Rank: 66

AVMA

AVMA Risk / Return Rank: 79
AVMA Sharpe Ratio Rank: 80
AVMA Sortino Ratio Rank: 83
AVMA Omega Ratio Rank: 81
AVMA Calmar Ratio Rank: 74
AVMA Martin Ratio Rank: 80

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.

GAL vs. AVMA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR SSgA Global Allocation ETF (GAL) and Avantis Moderate Allocation ETF (AVMA). 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.

	GAL	AVMA	Difference
Sharpe ratio: Return per unit of total volatility	1.86	2.41	-0.55
Sortino ratio: Return per unit of downside risk	2.60	3.44	-0.84
Omega ratio: Gain probability vs. loss probability	1.35	1.45	-0.10
Calmar ratio: Return relative to maximum drawdown	2.76	3.54	-0.78
Martin ratio: Return relative to average drawdown	11.45	14.86	-3.41

GAL vs. AVMA - Sharpe Ratio Comparison

The current GAL Sharpe Ratio is 1.86, which is comparable to the AVMA Sharpe Ratio of 2.41. The chart below compares the historical Sharpe Ratios of GAL and AVMA, 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

GAL vs. AVMA - Drawdown Comparison

The maximum GAL drawdown since its inception was -28.31%, which is greater than AVMA's maximum drawdown of -11.81%. Use the drawdown chart below to compare losses from any high point for GAL and AVMA.

Drawdown Indicators

	GAL	AVMA	Difference
Max Drawdown Largest peak-to-trough decline	-28.31%	-11.81%	-16.50%
Max Drawdown (1Y) Largest decline over 1 year	-6.27%	-6.40%	+0.13%
Max Drawdown (3Y) Largest decline over 3 years	-9.12%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-21.14%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-28.31%	—	—
Current Drawdown Current decline from peak	-2.04%	-1.21%	-0.83%
Average Drawdown Average peak-to-trough decline	-3.73%	-1.54%	-2.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.51%	1.52%	-0.01%

Volatility

GAL vs. AVMA - Volatility Comparison

SPDR SSgA Global Allocation ETF (GAL) has a higher volatility of 3.74% compared to Avantis Moderate Allocation ETF (AVMA) at 3.43%. This indicates that GAL's price experiences larger fluctuations and is considered to be riskier than AVMA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GAL	AVMA	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.74%	3.43%	+0.31%
Volatility (6M) Calculated over the trailing 6-month period	7.70%	7.61%	+0.09%
Volatility (1Y) Calculated over the trailing 1-year period	9.33%	9.41%	-0.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.52%	10.36%	+0.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.39%	10.36%	+1.03%

GAL vs. AVMA - Expense Ratio Comparison

GAL has a 0.35% expense ratio, which is higher than AVMA's 0.21% expense ratio.

Dividends

GAL vs. AVMA - Dividend Comparison

GAL's dividend yield for the trailing twelve months is around 3.17%, more than AVMA's 3.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVMA Avantis Moderate Allocation ETF	3.03%	2.21%	2.28%	1.11%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GAL SPDR SSgA Global Allocation ETF	3.17%	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

Can I hold both GAL and AVMA in my portfolio?

With a correlation of 0.95, GAL and AVMA move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, GAL or AVMA?

GAL has higher volatility (3.74%) compared to AVMA (3.43%). In terms of maximum drawdown, GAL dropped -28.31% vs AVMA's -11.81%.

Which ETF is better, GAL or AVMA?

On 1-year performance, AVMA leads with 22.59% vs 17.25% for GAL. On fees, AVMA is cheaper at 0.21% per year. On volatility, AVMA has been the lower-risk option at 3.43%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GAL or AVMA?

Over the 1-year period, AVMA has performed better with a 22.59% return vs 17.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GAL or AVMA?

AVMA is cheaper with a 0.21% expense ratio, compared with 0.35% for GAL.

Which ETF pays a higher dividend yield, GAL or AVMA?

GAL has the higher dividend yield at 3.17%, compared with 3.03% for AVMA.

What is the main difference between GAL and AVMA?

They also come from different issuers: State Street and Avantis. Their fees differ too: 0.35% for GAL and 0.21% for AVMA.

Which has better risk-adjusted returns?

AVMA currently has the higher Sharpe Ratio (2.41 vs 1.86), 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.