SPDR SSgA Global Allocation ETF (GAL) Performance
GAL total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +7.5% since Dec 31, 2025
- 1 year
- +8.9% total return
- 5 years
- +6.3% a year
- 10 years
- +8.0% a year
- Since first price
- +7.2% a year since 2012
GAL trailing returns vs AGG, TLT, SPY
| Period | GAL total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | −1.2% | −1.8% | +0.9% | +1.5% | −1.0% |
| 3 months | +0.5% | −0.0% | −0.4% | −1.0% | +3.2% |
| 6 months | +2.1% | +0.7% | −1.5% | −3.8% | +7.8% |
| YTD | +7.5% | +5.7% | −1.0% | −3.4% | +12.3% |
| 1 year | +8.9% | +5.4% | −1.1% | −6.9% | +14.4% |
| 3 years | +52.2%+15.0%/yr | +39.7% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| 5 years | +35.8%+6.3%/yr | +11.5% | −0.8%−0.2%/yr | −32.5%−7.6%/yr | +79.3%+12.4%/yr |
| 10 years | +116.5%+8.0%/yr | +57.0% | +14.0%+1.3%/yr | −18.7%−2.0%/yr | +315.9%+15.3%/yr |
| Since inceptionApr 26, 2012 | +172.4%+7.2%/yr | +73.8% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: GAL vs AGG
From Apr 26, 2012: GAL grew to $27,244, AGG to $12,874.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
GAL returns by calendar year
10 of 13 full years positive. Best 2019 (+19.6%), worst 2022 (−13.4%). 2026 is year to date.
GAL annual returns table
| Year | GAL | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | +7.5% | −6.3% | −1.0% | −3.4% | +12.3% |
| 2025 | +15.9% | −9.1% | +7.2% | +4.3% | +17.7% |
| 2024 | +9.9% | −5.0% | +1.3% | −8.1% | +24.9% |
| 2023 | +13.3% | −8.7% | +5.7% | +2.8% | +26.2% |
| 2022 | −13.4% | −20.5% | −13.0% | −31.2% | −18.2% |
| 2021 | +12.2% | −4.2% | −1.8% | −4.6% | +28.7% |
| 2020 | +9.3% | −28.3% | +7.5% | +18.2% | +18.3% |
| 2019 | +19.6% | −4.0% | +8.5% | +14.1% | +31.2% |
| 2018 | −7.7% | −15.0% | +0.1% | −1.6% | −4.6% |
| 2017 | +18.7% | −1.8% | +3.6% | +9.2% | +21.7% |
| 2016 | +2.9% | −6.0% | +2.4% | +1.2% | +12.0% |
| 2015 | −2.4% | −10.2% | +0.5% | −1.8% | +1.2% |
| 2014 | +5.4% | −7.1% | +6.0% | +27.3% | +13.5% |
| 2013 | +12.8% | −8.0% | −2.0% | −13.4% | +32.3% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
GAL largest drawdowns
Now 2.7% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 12, 2020 | −28.3% | Mar 23, 2020 | Oct 12, 2020 | 40 days | 8 months |
| Nov 8, 2021 | −21.1% | Sep 27, 2022 | Mar 7, 2024 | 11 months | 2.3 years |
| Jan 26, 2018 | −15.0% | Dec 24, 2018 | Sep 12, 2019 | 11 months | 1.6 years |
| Apr 27, 2015 | −13.2% | Feb 11, 2016 | Feb 21, 2017 | 10 months | 1.8 years |
| Feb 20, 2025 | −9.1% | Apr 8, 2025 | May 13, 2025 | 47 days | 3 months |
| May 21, 2013 | −8.0% | Jun 24, 2013 | Sep 18, 2013 | 34 days | 4 months |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
GAL risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2012 |
|---|---|---|---|---|
| Annualized return | +14.3% | +7.0% | +7.8% | +7.2% |
| Volatility (annualized) | 8.0% | 10.6% | 10.7% | 9.9% |
| Sharpe ratio | 1.17 | 0.36 | 0.55 | 0.60 |
| Sortino ratio | 2.16 | 0.52 | 0.79 | 0.87 |
| Best month | +6.4% | +6.9% | +8.0% | +8.0% |
| Worst month | −4.2% | −7.2% | −11.5% | −11.5% |
| Best 12 months | +22.1% | +22.1% | +37.1% | +37.1% |
| Worst 12 months | +6.9% | −16.8% | −16.8% | −16.8% |
| Positive months | 72% | 63% | 68% | 67% |
| Beta vs S&P 500 | 0.56 | 0.62 | 0.65 | — |
| Correlation with S&P 500 | 0.87 | 0.91 | 0.93 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
GAL rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 163 | −16.8% | +8.7% | +37.1% | 79% |
| 3-year (a year) | 139 | +0.8% | +5.4% | +15.2% | 100% |
| 5-year (a year) | 115 | +1.0% | +6.5% | +10.4% | 100% |
| 10-year (a year) | 55 | +4.3% | +5.7% | +8.4% | 100% |
Every holding period starting at a month-end since 2012. Returns for 3 years and longer are annualized.
GAL performance overview
SPDR SSgA Global Allocation ETF (GAL) returned +8.9% over the past year and +8.0% a year over ten years, with distributions reinvested. Since its first recorded price in 2012 it has returned +7.2% a year, turning $10,000 into about $27,244. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −28.3%, from Feb 12, 2020 to Mar 23, 2020, and it took 7 months to get back to the old high. GAL finished 10 of its 13 full calendar years with a gain; the best year was 2019 (+19.6%) and the worst 2022 (−13.4%). Volatility has been 9.9% a year.
Related: GAL chart, GAL holdings, GAL dividends, GAL bond profile. See the GAL overview for the latest quote and fund facts.
GAL performance FAQ
What is the GAL return over the past year?
GAL returned +8.9% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 5.4%.
What is the average annual return of GAL?
GAL has returned +6.3% a year over 5 years, +8.0% a year over 10 years, +7.2% a year since April 26, 2012 (total return, distributions reinvested).
How much would $10,000 invested in GAL be worth?
$10,000 invested in GAL at its first recorded close on April 26, 2012 would be worth about $27,244 on October 23, 2026 with distributions reinvested.
What was the worst year for GAL?
The worst calendar year was 2022, with a total return of −13.4%. The best was 2019 at +19.6%.
What is the biggest drawdown of GAL?
The largest peak-to-trough decline was −28.3% between February 12, 2020 and March 23, 2020. It recovered to the old high on October 12, 2020, 7 months after the bottom.
How volatile is GAL?
Over the past 3 years GAL had an annualized volatility of 8.0% and a Sharpe ratio of 1.17 (excess return over 1–3 month T-bills per unit of risk).