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ALLW vs GDE

State Street Bridgewater All Weather ETF

ALLWBNasdaq

WisdomTree Efficient Gold Plus Equity Strategy Fund

GDEBCboe

Overlap

Expense ratio

GDE −0.65pt a year

ALLW0.85%GDE0.20%

Avg volume · 30D

ALLW 4.6×the volume

ALLW572KGDE125K

ALLW vs GDE Performance

Oct 31, 2025 – Nov 2, 2026

+5.9%ALLW+3.1%GDE

Oct 31, 2025 to Nov 2, 2026. ALLW +5.9%. GDE +3.1%. Use the arrow keys to read each point.10%15%20%25%30%Oct 2025May 2026Nov 2026
Expense ratio
ALLW 0.85%
GDE 0.20%, better
Fund size
ALLW $1.84B
GDE $375M
1Y total return
ALLW +5.9%, better
GDE +3.1%
Yield (12M)
ALLW No data
GDE 16.98%
Holdings
ALLW 40
GDE 498
Avg volume (30D)
ALLW 572K sh, better
GDE 125K sh
NAV per share
ALLW $29.17
GDE $51.01
52W range

ETF.net Grade

ALLW: Cost 39, Risk 72, Mission 77, Tradability 92, Holdings 66, Durability 79. GDE: Cost 94, Risk 25, Mission 98, Tradability 61, Holdings 68, Durability 78.
Pillar letters and Scores for ALLW, GDE, with each pillar’s weight
PillarALLWGDE
Cost30% weightD39A94Higher
Mission25% weightA77A98Higher
Risk15% weightA72HigherD25
Tradability15% weightA92HigherB61
Holdings10% weightB66B68Higher
Durability5% weightA79HigherA78

Rank among Capital-Efficient Allocation funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. ALLW and GDE are both graded against the same 19 Capital-Efficient Allocation funds, so their Grades compare head to head.

Capital-Efficient Allocation⁠

Category · 19 funds
See all 19 ›

GDE ranks 3rd and ALLW 5th of 19 funds in the Capital-Efficient Allocation Category.

  1. Rank 1ANTSXWisdomTree U.S. Efficient Core FundScore 78
  2. Rank 2ACTAPSimplify US Equity PLUS Managed Futures Strategy ETFScore 71
  3. Rank 3BGDEWisdomTree Efficient Gold Plus Equity Strategy FundScore 69
  4. Rank 4BNTSIWisdomTree International Efficient Core FundScore 68
  5. Rank 5BALLWState Street Bridgewater All Weather ETFScore 62
  6. Rank 5BNTSDWisdomtree Efficient U.s. Plus International Equity FundScore 62

Our read on each fund

ETF.net Research

ALLWBState Street Bridgewater All Weather ETF

GDEBWisdomTree Efficient Gold Plus Equity Strategy Fund

In short

ALLW Bridgewater'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.

GDE Gold and US large caps, stacked on the same dollar. GDE holds roughly 500 US large-cap stocks and layers gold futures on top, so the metal rides along instead of crowding equities out of the portfolio.

Stated mandate

ALLW 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.

GDE The fund seeks total return by investing directly or through a wholly owned subsidiary in U.S.-listed gold futures contracts and U.S. large-cap equity securities.

Why people hold it

  • ALLW One 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.
  • A multi-billion-dollar, actively traded fund, and one of the easiest to get in and out of in the allocation group.
  • Institutional-style balancing, once the province of pensions and endowments, arrives here in a plain ETF from a major issuer.
  • GDE The capital-efficiency trick: gold futures sit on top of a US large-cap stock sleeve, so making room for the metal doesn't mean selling down equities.
  • 0.20% a year, a fraction of the typical multi-asset allocation fund's fee, and priced level with WisdomTree's Treasury-stacking sibling NTSX.
  • Trades easily for a strategy this unusual, and it has been running live since 2022 rather than arriving as a fresh backtest.
  • Rare shape in the allocation aisle: most peers blend stocks and bonds, this one blends stocks and gold, and it grades near the top of that group.

Worth knowing

  • ALLW At 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.
  • Launched in 2025, so the live record is short and the strategy has not yet been observed through a full market cycle in this wrapper.
  • Commodities and inflation-linked bonds are ballast, and ballast lags when stocks alone are running hot. That gap is the design working, not breaking.
  • GDE Stacking works both ways. Two exposures riding one dollar means declines can bite harder than a plain US large-cap fund, and it scores as the riskier end of its cohort.
  • Gold comes through futures held in a wholly owned subsidiary, which brings roll and collateral mechanics you don't get with a plain bullion holding.
  • Distributions arrive annually or semiannually, so this is a total-return build rather than an income stream.

Full ALLW profile⁠

Full GDE profile⁠

ALLW vs GDE Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

ALLW vs GDE Cost

Overpaying ALLW vs GDE

$12,044

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • ALLW 0.85%

    $16,199

  • GDE 0.20%

    $4,155

$10,000
30 years

Cost over time

  • ALLW 0.85%
  • GDE 0.20%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530ALLW $16,199GDE $4,155

Year by year

YearALLWGDEOverpaying
10$1,508$365$1,143
20$5,706$1,421$4,285
30$16,199$4,155$12,044

Expense ratio

  • 0.85%ALLW
  • 0.20%GDE, cheaper
  • Middle half of Capital-Efficient Allocation funds
  • Median 0.67%

GDE 2nd cheapest of 19 funds

ALLW 12th cheapest of 19 funds

ALLW vs GDE Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
ALLW No data
GDE 16.98%
Payout (12M)
ALLW No data
GDE $8.73
Last payment
ALLW $1.29
GDE $8.58
Ex-dividend
ALLW Dec 29, 2025
GDE Oct 27, 2026
Paid on
ALLW Dec 31, 2025
GDE Oct 29, 2026
Frequency
ALLW Irregular
GDE Annual

Distribution history

Per share, 2022 to 2026, same scale for both

ALLWIrregular · 1 paymentAll ALLW payments⁠
One bar per payment. 1 payment from 2022 to 2026 YTD. Dec 29, 2025 $1.29. Use the arrow keys to read each point.$0$1020232026YTD
GDEAnnual · 9 paymentsAll GDE payments⁠
One bar per payment. 9 payments from 2022 to 2026 YTD. Oct 25, 2022 $0.09; Dec 23, 2022 $0.08; Oct 25, 2023 $0.52; Dec 22, 2023 $0.09; Oct 28, 2024 $2.53; Dec 26, 2024 $0.12; Oct 28, 2025 $2.52; Dec 26, 2025 $0.14; Oct 27, 2026 $8.58. Use the arrow keys to read each point.$0$1020232026YTD

ALLW vs GDE Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
ALLW 10.0%since Apr 2025GDE 20.7%
Return per unit of riskSharpe ratio, 3 years
ALLW 0.86since Apr 2025GDE 1.58
Worst fallMax drawdown, 5 years
ALLW −8.8%since Mar 2025GDE −32.0%since Mar 2022
Market sensitivityBeta, 5 years
ALLW 0.42GDE 1.00

ALLW and GDE in the news

All news⁠

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