INKM vs. AQLT
INKM (SPDR SSgA Income Allocation ETF) and AQLT (iShares MSCI Global Quality Factor ETF) are both Global Equities funds. INKM is actively managed, while AQLT is passively managed. Over the past year, INKM returned 12.99% vs 28.54% for AQLT. A 0.69 correlation means they provide meaningful diversification when combined. INKM charges 0.50%/yr vs 0.20%/yr for AQLT.
Performance
INKM vs. AQLT - Performance Comparison
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Returns By Period
In the year-to-date period, INKM achieves a 6.00% return, which is significantly lower than AQLT's 12.78% return.
INKM
- 1D
- 0.37%
- 1M
- 0.86%
- YTD
- 6.00%
- 6M
- 6.18%
- 1Y
- 12.99%
- 3Y*
- 10.25%
- 5Y*
- 4.04%
- 10Y*
- 5.60%
AQLT
- 1D
- 0.34%
- 1M
- 4.05%
- YTD
- 12.78%
- 6M
- 12.93%
- 1Y
- 28.54%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
INKM vs. AQLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
INKM SPDR SSgA Income Allocation ETF | 6.00% | 11.86% | -1.82% |
AQLT iShares MSCI Global Quality Factor ETF | 12.78% | 17.65% | -3.14% |
Correlation
The correlation between INKM and AQLT is 0.69, 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 | 0.69 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2024 | 0.69 |
The correlation between INKM and AQLT has been stable across timeframes, ranging from 0.69 to 0.69 - a consistent structural relationship.
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Return for Risk
INKM vs. AQLT — Risk / Return Rank
INKM
AQLT
INKM vs. AQLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR SSgA Income Allocation ETF (INKM) and iShares MSCI Global Quality Factor ETF (AQLT). 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.
| INKM | AQLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.38 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.87 | 2.68 | +0.18 |
| Martin ratioReturn relative to average drawdown | 11.30 | 12.06 | -0.75 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| INKM | AQLT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.19 | 2.14 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 1.11 | -0.53 |
Drawdowns
INKM vs. AQLT - Drawdown Comparison
The maximum INKM drawdown since its inception was -28.58%, which is greater than AQLT's maximum drawdown of -16.84%. Use the drawdown chart below to compare losses from any high point for INKM and AQLT.
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Drawdown Indicators
| INKM | AQLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.58% | -16.84% | -11.74% |
Max Drawdown (1Y)Largest decline over 1 year | -4.55% | -10.68% | +6.13% |
Max Drawdown (3Y)Largest decline over 3 years | -9.25% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -19.18% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -28.58% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.03% | +0.03% |
Average DrawdownAverage peak-to-trough decline | -3.69% | -2.32% | -1.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.15% | 2.37% | -1.22% |
Volatility
INKM vs. AQLT - Volatility Comparison
The current volatility for SPDR SSgA Income Allocation ETF (INKM) is 1.65%, while iShares MSCI Global Quality Factor ETF (AQLT) has a volatility of 3.52%. This indicates that INKM experiences smaller price fluctuations and is considered to be less risky than AQLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| INKM | AQLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.65% | 3.52% | -1.87% |
Volatility (6M)Calculated over the trailing 6-month period | 4.60% | 10.82% | -6.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.96% | 13.39% | -7.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.30% | 16.97% | -8.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.78% | 16.97% | -7.19% |
INKM vs. AQLT - Expense Ratio Comparison
INKM has a 0.50% expense ratio, which is higher than AQLT's 0.20% expense ratio.
Dividends
INKM vs. AQLT - Dividend Comparison
INKM's dividend yield for the trailing twelve months is around 4.84%, more than AQLT's 0.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AQLT iShares MSCI Global Quality Factor ETF | 0.93% | 1.05% | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
INKM SPDR SSgA Income Allocation ETF | 4.84% | 5.82% | 4.83% | 4.56% | 5.03% | 3.74% | 3.88% | 4.38% | 4.08% | 3.10% | 3.39% | 3.45% |
Frequently Asked Questions
INKM and AQLT have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AQLT has higher volatility (3.52%) compared to INKM (1.65%). In terms of maximum drawdown, INKM dropped -28.58% vs AQLT's -16.84%.
On 1-year performance, AQLT leads with 28.54% vs 12.99% for INKM. On fees, AQLT is cheaper at 0.20% per year. On volatility, INKM has been the lower-risk option at 1.65%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, AQLT has performed better with a 28.54% return vs 12.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AQLT is cheaper with a 0.20% expense ratio, compared with 0.50% for INKM.
INKM has the higher dividend yield at 4.84%, compared with 0.93% for AQLT.
They also come from different issuers: State Street and iShares. Their fees differ too: 0.50% for INKM and 0.20% for AQLT.
INKM currently has the higher Sharpe Ratio (2.19 vs 2.14), 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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