Launch Roundup
Subversive ETFs listed S&P 500 and Nasdaq-100 funds that exclude Elon Musk's companies
State Street Global Allocation ETF
$52.81+0.05 (+0.09%)
- 0.35%
- $320M
- +12.7%
- 3.22%
- 0M sh
- $52.83
- low $48.37high $55.25
The ETF.net GAL Grade
B
Score 63 out of 100
- 8 of 37
Score 63 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A74 out of 100Rank 10 of 37Mission
Whether the fund did what it promised, tested against its stated mandate.B56 out of 100Rank 20 of 29Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B66 out of 100Rank 7 of 35Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B60 out of 100Rank 12 of 37Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C45 out of 100Rank 22 of 33Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A83 out of 100Rank 6 of 37
Our read on GAL
BA whole portfolio in one ticker. State Street's allocation team stacks ETFs across asset classes, anchors around a 60% equity mix, and keeps at least 30% of the money in securities tied outside the US.
The fund seeks capital appreciation by investing in exchange traded funds across a diversified mix of asset classes. It generally invests at least 30% in securities tied to countries outside the U.S. and typically allocates about 60% to equities, subject to tactical decisions.
Why people hold it
- Charges 0.35% a year, well under half the 0.78% typical of allocation funds. Cheap for a hands-on, actively steered multi-asset portfolio.
- Built-in global tilt: at least 30% goes to securities tied to countries outside the US, a rule many US-centric balanced funds leave to the manager's mood.ssga.com
- Trading since 2012, so the strategy has run through several full market cycles rather than one lucky stretch.
- One buy gets a diversified mix, and the roughly 60/40 equity baseline plus tactical shifts happen inside the fund instead of on your rebalancing to-do list.
Worth knowing
- Thinly traded next to the category's giants, so spreads can widen and limit orders carry more weight than they would in a heavily traded fund.
- It holds ETFs, not individual stocks and bonds. Your real exposure depends on the underlying funds the managers pick, which adds a layer between you and the securities.ssga.com
- Cheaper allocation options exist: AOA runs 0.19% and IRTR 0.08%, though both follow fixed glide paths rather than the tactical shifts GAL is built for.
GAL Holdings
- Other
- 18
- 89%
- SPY
Sectors
- Technology29.3%
- Financials16.2%
- Industrials12.1%
- Consumer Discretionary9.0%
- Health Care8.2%
- Communication6.8%
- Materials4.9%
- Consumer Staples4.5%
- Energy4.1%
- Real Estate2.8%
- Utilities2.2%
Geography
- United States100.00%
GAL Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
GAL$11,273
Returns run to the Oct 12, 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.
| Period | GAL |
|---|---|
| Year to date | +8.5% |
| 1 month | −0.9% |
| 3 months | +0.1% |
| 1 year | +12.7% |
| 3 years | +14.6% |
| 5 years | +7.0% |
| 10 years | +8.2% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | GAL |
|---|---|---|
| 2026 YTD | +8.5% | |
| 2025 | +16.0% | |
| 2024 | +9.8% | |
| 2023 | +13.3% | |
| 2022 | −13.4% | |
| 2021 | +12.2% | |
| 2020 | +9.3% |
GAL in the news
GAL Dividends
- 3.22%
- $1.70
- $0.28 per share
- Quarterly
Distribution history
GAL Risk
- 8.0%
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.
- 1.16
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.
- −21.1%
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.
- 0.89
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
GAL Cost
0.35%
GAL0.35%
- The middle half of Multi-Asset Allocation funds
- Median 0.58%
9 of the 37 Multi-Asset Allocation funds charge less.
Other funds in Multi-Asset Allocation
- BTBFCBrinsmere Fund Conservative ETFExpense ratio 0.44%1 year return +7.1%
- BDIALColumbia Diversified Fixed Income Allocation ETFExpense ratio 0.29%1 year return −0.9%
- BDDVEA Series Trust - Defined Duration 5 ETFExpense ratio 0.27%1 year return —
- BELMElm Market Navigator ETFExpense ratio 0.24%1 year return +12.1%
- BOCIOClearShares OCIO ETFExpense ratio 0.66%1 year return +14.4%