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ALLW

GradeBNASDAQ Global Select

State Street Bridgewater All Weather ETF

Multi-Asset & Alternatives · SPDR · Inception 2025-03-05

$29.26−0.53 (−1.78%)

As of Sep 23, 2026, 3:10 PM EDT

History starts Mar 6, 2025.
Intraday session: down, 69 prints from 29.79 to 29.26. Range 29.17 to 29.57. Use the arrow keys to read each point.$29.20$29.40$29.50$29.6010 AM12 PM2 PM4 PM
Expense ratio
0.85%
Fund size
$1.8B
1Y return
+13.1%
Yield · Last 12 months
Data unavailable
Holdings
45
Volume · 30D
0.6M sh
NAV per share
$29.71
52W range
low $27.40high $30.50

The ETF.net ALLW Grade

B

62/ 100

Rank 5 of 19 in Capital-Efficient Allocation⁠

Confidence High

Six-pillar profile for ALLW. Scores out of 100: Cost 39, Risk 69, Mission 77, Tradability 92, Holdings 69, Durability 79. Strongest: Tradability (92). Weakest: Cost (39). Leans toward Tradability.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 62 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    DScore 39
    Category rank12/19 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 77
    Category rank6/8 · bottom quartile

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 69
    Category rank3/18 · top 17%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 92
    Category rank1/19 · top 5%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    BScore 69
    Category rank3/13 · top 23%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 79
    Category rank2/19 · top 11%

Graded as of Sep 22, 2026

Our read on ALLW

ETF.net Research

BBridgewater's All Weather framework in a SPDR wrapper: global stocks, nominal and inflation-linked bonds, and commodities in one ticker, built around contractions and inflation spikes, not just bull markets.

Stated mandate

The ETF seeks resilience across varied market conditions, including economic contractions and elevated inflation, through diversified exposure to global equities, nominal and inflation-linked bonds, and commodities.

Why people hold it

  1. 01One ticker spans global equities, nominal and inflation-linked bonds, and commodities, a roughly 40-position mix aimed at resilience in both economic contractions and high inflation.
  2. 02A multi-billion-dollar, actively traded fund, and one of the easiest to get in and out of in the allocation group.
  3. 03Institutional-style balancing, once the province of pensions and endowments, arrives here in a plain ETF from a major issuer.

Worth knowing

  1. 01At 0.85%, it runs above the 0.78% typical for allocation funds and well above index-built peers like AOA (0.19%) and IRTR (0.08%). Active judgment is what the fee buys.
  2. 02Launched in 2025, so the live record is short and the strategy has not yet been observed through a full market cycle in this wrapper.
  3. 03Commodities and inflation-linked bonds are ballast, and ballast lags when stocks alone are running hot. That gap is the design working, not breaking.

ALLW Holdings

As of Sep 21, 2026, 3:46 PM
Asset class
Other
Holdings
45
Top-10 weight
69%
Largest holding
SSI US GOV MONEY MARKET CLASS16.4%

Sectors

  • Technology28.0%
  • Financials16.6%
  • Consumer Discr.10.2%
  • Industrials8.9%
  • Health Care8.6%
  • Communication8.5%
  • Cons. Staples5.7%
  • Energy4.7%
  • Materials4.5%
  • Utilities2.5%
  • Real Estate1.7%
The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—SSI US GOV MONEY MARKET CLASS16.38%602,716,473$603M146
002TYZ6US 10YR NOTE (CBT)DEC2612.27%426,600,000$451M3
003RXZ6EURO-BUND FUTURE DEC268.96%239,100,000$330M1
004SPYMSTATE STREET SPDR PORTFOLIO S+6.65%2,729,858$245M25
005USZ6US LONG BOND(CBT) DEC265.36%184,100,000$197M1
006GCZ6GOLD 100 OZ FUTR DEC264.90%40,700$180M1
007VGZ6EURO STOXX 50 DEC264.60%23,600$169M1
008XMZ6AUST 10Y BOND FUT DEC264.58%224,900,000$169M1
009G Z6LONG GILT FUTURE DEC263.16%102,300,000$116M1
010TPZ6TOPIX INDX FUTR DEC262.35%3,330,000$86M1
011—TREASURY BILL 02/27 0.000002.32%86,900,000$85M63
012SPEMSTATE STREET SPDR PORTFOLIO EM2.15%1,512,700$79M6
013—TSY INFL IX N/B 07/35 1.8752.14%83,508,788$79M8
014—TSY INFL IX N/B 01/36 1.8752.09%82,214,400$77M10
015—TSY INFL IX N/B 01/35 2.1252.06%78,935,752$76M7

Showing 1–15 of 41 holdings

ALLW Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

ALLW$11,307
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. ALLW $11,307. SPY $11,723. Use the arrow keys to read each point.$9,353$10,646$11,940Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for ALLW. Periods over one year show the average yearly return.
PeriodALLW
Year to date+8.4%
1 month−1.4%
3 months+1.2%
1 year+13.1%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for ALLW
YearReturn barALLW
2026 YTD+8.4%
2025+15.1%

History from Mar 6, 2025

ALLW in the news

ETF.net Research hasn’t filed on ALLW yet — coverage lands here as it’s written.

ALLW Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$1.29 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 29, 2025 $1.29. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Dec 29, 2025Dec 31, 2025$1.29

ALLW Risk

How much the fund’s monthly returns vary, scaled to a year.
9.1%
Annualised · 17 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.37
vs 3-month T-bills · 17 months to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−8.8%
18 months · trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.42
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

ALLW Cost

Expense ratio0.85%
  • The middle half of Capital-Efficient Allocation funds
  • Median 0.67%

11 of the 19 Capital-Efficient Allocation funds charge less.

ALLW costs $85.00 a year on $10,000. The median Capital-Efficient Allocation fund costs $67.00.