GAL vs. PLUSX

Last updated Jun 4, 2026

GAL (SPDR SSgA Global Allocation ETF) and PLUSX (DWS Multi-Asset Moderate Allocation Fund) are both Diversified Portfolio funds. Over the past 10 years, GAL returned 8.23%/yr vs 7.65%/yr for PLUSX. Their correlation of 0.91 suggests significant overlap in exposure. GAL charges 0.35%/yr vs 0.60%/yr for PLUSX.

Performance

GAL vs. PLUSX - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with GAL having a 8.72% return and PLUSX slightly higher at 8.80%. Over the past 10 years, GAL has outperformed PLUSX with an annualized return of 8.23%, while PLUSX has yielded a comparatively lower 7.65% annualized return.

GAL

• 1D: -0.57%
• 1M: 2.59%
• YTD: 8.72%
• 6M: 9.29%
• 1Y: 20.19%
• 3Y*: 14.04%
• 5Y*: 6.96%
• 10Y*: 8.23%

PLUSX

• 1D: 0.35%
• 1M: 3.77%
• YTD: 8.80%
• 6M: 9.22%
• 1Y: 19.50%
• 3Y*: 13.08%
• 5Y*: 6.21%
• 10Y*: 7.65%

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

GAL vs. PLUSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GAL SPDR SSgA Global Allocation ETF	8.72%	15.95%	9.85%	13.32%	-13.41%	12.23%	9.33%	19.59%	-7.71%	18.67%
PLUSX DWS Multi-Asset Moderate Allocation Fund	8.80%	13.39%	8.31%	13.89%	-14.98%	13.24%	8.21%	19.71%	-7.64%	13.81%

Correlation

The correlation between GAL and PLUSX is 0.93, 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	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since Apr 27, 2012	0.91

The correlation between GAL and PLUSX has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.

Return for Risk

GAL vs. PLUSX — Risk / Return Rank

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

GAL

GAL Risk / Return Rank: 70
GAL Sharpe Ratio Rank: 70
GAL Sortino Ratio Rank: 72
GAL Omega Ratio Rank: 71
GAL Calmar Ratio Rank: 65
GAL Martin Ratio Rank: 73

PLUSX

PLUSX Risk / Return Rank: 66
PLUSX Sharpe Ratio Rank: 68
PLUSX Sortino Ratio Rank: 67
PLUSX Omega Ratio Rank: 67
PLUSX Calmar Ratio Rank: 61
PLUSX Martin Ratio Rank: 68

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. PLUSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR SSgA Global Allocation ETF (GAL) and DWS Multi-Asset Moderate Allocation Fund (PLUSX). 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.

	GAL	PLUSX	Difference
Sharpe ratio: Return per unit of total volatility	2.32	2.41	-0.09
Sortino ratio: Return per unit of downside risk	3.29	3.42	-0.13
Omega ratio: Gain probability vs. loss probability	1.43	1.46	-0.02
Calmar ratio: Return relative to maximum drawdown	3.24	2.99	+0.24
Martin ratio: Return relative to average drawdown	13.83	13.09	+0.74
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GAL vs. PLUSX - Sharpe Ratio Comparison

The current GAL Sharpe Ratio is 2.32, which is comparable to the PLUSX Sharpe Ratio of 2.41. The chart below compares the historical Sharpe Ratios of GAL and PLUSX, 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

	GAL	PLUSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.32	2.41	-0.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.67	0.58	+0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.73	0.67	+0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	0.39	+0.30

Drawdowns

GAL vs. PLUSX - Drawdown Comparison

The maximum GAL drawdown since its inception was -28.31%, smaller than the maximum PLUSX drawdown of -53.39%. Use the drawdown chart below to compare losses from any high point for GAL and PLUSX.

Drawdown Indicators

	GAL	PLUSX	Difference
Max Drawdown Largest peak-to-trough decline	-28.31%	-53.39%	+25.08%
Max Drawdown (1Y) Largest decline over 1 year	-6.27%	-6.63%	+0.36%
Max Drawdown (3Y) Largest decline over 3 years	-9.12%	-11.31%	+2.19%
Max Drawdown (5Y) Largest decline over 5 years	-21.14%	-20.77%	-0.37%
Max Drawdown (10Y) Largest decline over 10 years	-28.31%	-25.65%	-2.66%
Current Drawdown Current decline from peak	-0.57%	0.00%	-0.57%
Average Drawdown Average peak-to-trough decline	-3.74%	-7.51%	+3.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.46%	1.51%	-0.05%

Volatility

GAL vs. PLUSX - Volatility Comparison

SPDR SSgA Global Allocation ETF (GAL) and DWS Multi-Asset Moderate Allocation Fund (PLUSX) have volatilities of 2.66% and 2.63%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GAL	PLUSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.66%	2.63%	+0.03%
Volatility (6M) Calculated over the trailing 6-month period	7.01%	6.46%	+0.55%
Volatility (1Y) Calculated over the trailing 1-year period	8.73%	8.24%	+0.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.43%	10.75%	-0.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.37%	11.39%	-0.02%

GAL vs. PLUSX - Expense Ratio Comparison

GAL has a 0.35% expense ratio, which is lower than PLUSX's 0.60% expense ratio.

Dividends

GAL vs. PLUSX - Dividend Comparison

GAL's dividend yield for the trailing twelve months is around 3.13%, more than PLUSX's 2.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GAL SPDR SSgA Global Allocation ETF	3.13%	3.47%	2.99%	2.56%	6.19%	4.05%	2.14%	2.96%	2.43%	2.26%	2.43%	3.10%
PLUSX DWS Multi-Asset Moderate Allocation Fund	2.48%	2.70%	41.59%	5.78%	2.99%	9.67%	4.22%	5.80%	5.55%	5.58%	6.05%	10.87%

Frequently Asked Questions

Can I hold both GAL and PLUSX in my portfolio?

With a correlation of 0.93, GAL and PLUSX 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 PLUSX?

GAL has higher volatility (2.66%) compared to PLUSX (2.63%). In terms of maximum drawdown, GAL dropped -28.31% vs PLUSX's -53.39%.

Which has better risk-adjusted returns?

PLUSX currently has the higher Sharpe Ratio (2.41 vs 2.32), 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.