GAL vs. CLSM
GAL (SPDR SSgA Global Allocation ETF) and CLSM (Cabana Target Leading Sector Moderate ETF) are both exchange-traded funds - GAL is a Diversified Portfolio fund actively managed by State Street, while CLSM is a Tactical Allocation fund tracking the Actively Managed. GAL is actively managed, while CLSM is passively managed. Over the past 3 years, GAL returned 13.27%/yr vs 13.32%/yr for CLSM. A 0.70 correlation means they provide meaningful diversification when combined. GAL charges 0.35%/yr vs 0.82%/yr for CLSM.
Performance
GAL vs. CLSM - Performance Comparison
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Returns By Period
In the year-to-date period, GAL achieves a 7.11% return, which is significantly lower than CLSM's 16.60% 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%
CLSM
- 1D
- -1.97%
- 1M
- -0.30%
- YTD
- 16.60%
- 6M
- 15.06%
- 1Y
- 29.00%
- 3Y*
- 13.32%
- 5Y*
- —
- 10Y*
- —
GAL vs. CLSM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GAL SPDR SSgA Global Allocation ETF | 7.11% | 15.95% | 9.85% | 13.32% | -13.41% | 2.46% |
CLSM Cabana Target Leading Sector Moderate ETF | 16.60% | 15.32% | 1.87% | 3.78% | -23.23% | 8.22% |
Correlation
The correlation between GAL and CLSM is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2021 | 0.70 |
The correlation between GAL and CLSM shifts across timeframes, from 0.70 (all time) to 0.88 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GAL vs. CLSM — Risk / Return Rank
GAL
CLSM
GAL vs. CLSM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR SSgA Global Allocation ETF (GAL) and Cabana Target Leading Sector Moderate ETF (CLSM). 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 | CLSM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.38 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.76 | 3.43 | -0.66 |
| Martin ratioReturn relative to average drawdown | 11.45 | 13.40 | -1.95 |
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Drawdowns
GAL vs. CLSM - Drawdown Comparison
The maximum GAL drawdown since its inception was -28.31%, roughly equal to the maximum CLSM drawdown of -27.77%. Use the drawdown chart below to compare losses from any high point for GAL and CLSM.
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Drawdown Indicators
| GAL | CLSM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.31% | -27.77% | -0.54% |
Max Drawdown (1Y)Largest decline over 1 year | -6.27% | -8.50% | +2.23% |
Max Drawdown (3Y)Largest decline over 3 years | -9.12% | -14.60% | +5.48% |
Max Drawdown (5Y)Largest decline over 5 years | -21.14% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -28.31% | — | — |
Current DrawdownCurrent decline from peak | -2.04% | -3.57% | +1.53% |
Average DrawdownAverage peak-to-trough decline | -3.73% | -16.34% | +12.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.51% | 2.17% | -0.66% |
Volatility
GAL vs. CLSM - Volatility Comparison
The current volatility for SPDR SSgA Global Allocation ETF (GAL) is 3.74%, while Cabana Target Leading Sector Moderate ETF (CLSM) has a volatility of 6.46%. This indicates that GAL experiences smaller price fluctuations and is considered to be less risky than CLSM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GAL | CLSM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.74% | 6.46% | -2.72% |
Volatility (6M)Calculated over the trailing 6-month period | 7.70% | 12.06% | -4.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.33% | 13.93% | -4.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.52% | 12.70% | -2.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.39% | 12.70% | -1.31% |
GAL vs. CLSM - Expense Ratio Comparison
GAL has a 0.35% expense ratio, which is lower than CLSM's 0.82% expense ratio.
Dividends
GAL vs. CLSM - Dividend Comparison
GAL's dividend yield for the trailing twelve months is around 3.17%, more than CLSM's 0.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CLSM Cabana Target Leading Sector Moderate ETF | 0.77% | 0.90% | 2.13% | 2.58% | 3.17% | 0.59% | 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
GAL and CLSM have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CLSM has higher volatility (6.46%) compared to GAL (3.74%). In terms of maximum drawdown, GAL dropped -28.31% vs CLSM's -27.77%.
On 3-year performance, CLSM leads with 13.32% vs 13.27% for GAL. On fees, GAL is cheaper at 0.35% per year. On volatility, GAL has been the lower-risk option at 3.74%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, CLSM has performed better with a 13.32% return vs 13.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GAL is cheaper with a 0.35% expense ratio, compared with 0.82% for CLSM.
GAL has the higher dividend yield at 3.17%, compared with 0.77% for CLSM.
GAL is categorized as Diversified Portfolio, while CLSM is Tactical Allocation. They also come from different issuers: State Street and Cabana. Their fees differ too: 0.35% for GAL and 0.82% for CLSM.
CLSM currently has the higher Sharpe Ratio (2.09 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.
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