GAL vs. FLBR
GAL (SPDR SSgA Global Allocation ETF) and FLBR (Franklin FTSE Brazil ETF) are both exchange-traded funds - GAL is a Diversified Portfolio fund actively managed by State Street, while FLBR is a Latin America Equities fund tracking the FTSE Brazil RIC Capped Index. GAL is actively managed, while FLBR is passively managed. Over the past 5 years, GAL returned 6.68%/yr vs 4.58%/yr for FLBR. A 0.55 correlation means they provide meaningful diversification when combined. GAL charges 0.35%/yr vs 0.19%/yr for FLBR.
Performance
GAL vs. FLBR - 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 FLBR's 12.86% 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%
FLBR
- 1D
- -0.32%
- 1M
- -5.91%
- YTD
- 12.86%
- 6M
- 14.02%
- 1Y
- 30.42%
- 3Y*
- 9.76%
- 5Y*
- 4.58%
- 10Y*
- —
GAL vs. FLBR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GAL SPDR SSgA Global Allocation ETF | 7.11% | 15.95% | 9.85% | 13.32% | -13.41% | 12.23% | 9.33% | 19.59% | -7.71% | 2.79% |
FLBR Franklin FTSE Brazil ETF | 12.86% | 45.57% | -27.58% | 33.19% | 10.44% | -16.78% | -20.13% | 28.47% | -2.13% | 2.27% |
Correlation
The correlation between GAL and FLBR is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2017 | 0.55 |
The correlation between GAL and FLBR has been stable across timeframes, ranging from 0.52 to 0.57 - a consistent structural relationship.
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Return for Risk
GAL vs. FLBR — Risk / Return Rank
GAL
FLBR
GAL vs. FLBR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR SSgA Global Allocation ETF (GAL) and Franklin FTSE Brazil ETF (FLBR). 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 | FLBR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.65 | ||
| Sortino ratioReturn per unit of downside risk | +0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.22 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.76 | 1.66 | +1.10 |
| Martin ratioReturn relative to average drawdown | 11.45 | 4.78 | +6.67 |
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Drawdowns
GAL vs. FLBR - Drawdown Comparison
The maximum GAL drawdown since its inception was -28.31%, smaller than the maximum FLBR drawdown of -57.42%. Use the drawdown chart below to compare losses from any high point for GAL and FLBR.
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Drawdown Indicators
| GAL | FLBR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.31% | -57.42% | +29.11% |
Max Drawdown (1Y)Largest decline over 1 year | -6.27% | -18.38% | +12.11% |
Max Drawdown (3Y)Largest decline over 3 years | -9.12% | -28.97% | +19.85% |
Max Drawdown (5Y)Largest decline over 5 years | -21.14% | -32.31% | +11.17% |
Max Drawdown (10Y)Largest decline over 10 years | -28.31% | — | — |
Current DrawdownCurrent decline from peak | -2.04% | -17.50% | +15.46% |
Average DrawdownAverage peak-to-trough decline | -3.73% | -18.60% | +14.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.51% | 6.38% | -4.87% |
Volatility
GAL vs. FLBR - Volatility Comparison
The current volatility for SPDR SSgA Global Allocation ETF (GAL) is 3.74%, while Franklin FTSE Brazil ETF (FLBR) has a volatility of 6.35%. This indicates that GAL experiences smaller price fluctuations and is considered to be less risky than FLBR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GAL | FLBR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.74% | 6.35% | -2.61% |
Volatility (6M)Calculated over the trailing 6-month period | 7.70% | 20.04% | -12.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.33% | 25.32% | -15.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.52% | 27.73% | -17.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.39% | 33.02% | -21.63% |
GAL vs. FLBR - Expense Ratio Comparison
GAL has a 0.35% expense ratio, which is higher than FLBR's 0.19% expense ratio.
Dividends
GAL vs. FLBR - Dividend Comparison
GAL's dividend yield for the trailing twelve months is around 3.17%, less than FLBR's 4.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLBR Franklin FTSE Brazil ETF | 4.80% | 7.71% | 7.68% | 8.84% | 11.99% | 8.71% | 2.32% | 3.42% | 3.72% | 0.42% | 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 FLBR have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLBR has higher volatility (6.35%) compared to GAL (3.74%). In terms of maximum drawdown, GAL dropped -28.31% vs FLBR's -57.42%.
On 5-year performance, GAL leads with 6.68% vs 4.58% for FLBR. On fees, FLBR is cheaper at 0.19% 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 5-year period, GAL has performed better with a 6.68% return vs 4.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLBR is cheaper with a 0.19% expense ratio, compared with 0.35% for GAL.
FLBR has the higher dividend yield at 4.80%, compared with 3.17% for GAL.
GAL is categorized as Diversified Portfolio, while FLBR is Latin America Equities. They also come from different issuers: State Street and Franklin Templeton. Their fees differ too: 0.35% for GAL and 0.19% for FLBR.
GAL currently has the higher Sharpe Ratio (1.86 vs 1.21), 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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