GAL vs KMLM

Comparison between STATE STREET(R) GLOBAL ALLOCATION ETF (GAL, ETF) and KRANESHARES MOUNT LUCAS MANAGED FUTURES INDEX STRATEGY ETF (KMLM, ETF).

5-Year PerformanceGAL has outperformed KMLM, delivering a return of +6.5% compared to +4.0%

GAL vs KMLM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	GAL(ETF)	KMLM(ETF)
Net Assets	$307M	$307M
Expense Ratio	0.35%	0.90%
Max Drawdown	28.31%	36.50%
Sharpe Ratio	1.42	0.76
5Y Beta	0.53	0.03
5Y Dividends CAGR	16.76%	N/A

Net Assets

GAL

$307M

Winner

KMLM

$307M

Expense Ratio

Winner

GAL

0.35%

KMLM

0.90%

Max Drawdown

Winner

GAL

28.31%

KMLM

36.50%

Sharpe Ratio

Winner

GAL

1.42

KMLM

0.76

5Y Beta

GAL

0.53

Winner

KMLM

0.03

5Y Dividends CAGR

GAL

16.76%

KMLM

N/A

GAL vs KMLM - Historical Returns

Returns include dividend reinvestment.

Period	GAL	KMLM
1 month	-0.15%	-3.83%
3 months	+3.98%	+4.03%
6 months	+7.10%	+12.47%
1 year	+17.54%	+11.83%
5 years(CAGR)	+6.55%	+4.01%
10 years(CAGR)	+8.00%	N/A
Max(CAGR)	+7.30%	+6.94%

Winner

GAL

-0.15%

KMLM

-3.83%

GAL

+3.98%

Winner

KMLM

+4.03%

GAL

+7.10%

Winner

KMLM

+12.47%

Winner

GAL

+17.54%

KMLM

+11.83%

5Y(CAGR)

Winner

GAL

+6.55%

KMLM

+4.01%

10Y(CAGR)

GAL

+8.00%

KMLM

N/A

Max(CAGR)

Winner

GAL

+7.30%

KMLM

+6.94%

GAL vs KMLM - Annual Returns (2012 - 2026)

Returns include dividend reinvestment.

Year	GAL	KMLM
2026	+6.01%	+8.74%
2025	+16.22%	-3.67%
2024	+10.70%	-1.15%
2023	+13.44%	-6.25%
2022	-13.47%	+29.44%
2021	+12.77%	+7.37%
2020	+8.67%	+5.40%
2019	+18.85%	N/A
2018	-8.11%	N/A
2017	+17.99%	N/A
2016	+3.98%	N/A
2015	-2.42%	N/A
2014	+6.75%	N/A
2013	+11.55%	N/A
2012	+5.60%	N/A

GAL vs KMLM Drawdown Comparison

The maximum drawdown for GAL was -28.31%, occurring on Mar 23, 2020. Recovery took 168 trading sessions.

The maximum drawdown for KMLM was -27.61%, occurring on Jun 20, 2025. This drawdown has not yet recovered.

The current GAL drawdown is -2.49%. The current KMLM drawdown is -14.93%.

Rank	GAL	KMLM
#1	-28.31% Feb 12, 2020 - Oct 12, 2020	-27.61% Oct 14, 2022 - Jun 20, 2025
#2	-21.14% Nov 8, 2021 - Mar 7, 2024	-14.93% Jun 13, 2022 - Sep 26, 2022
#3	-14.96% Jan 26, 2018 - Sep 12, 2019	-9.11% May 12, 2021 - Feb 4, 2022
#4	-13.25% Apr 27, 2015 - Feb 21, 2017	-6.19% Mar 8, 2022 - Mar 24, 2022
#5	-9.12% Feb 18, 2025 - May 13, 2025	-6.02% Sep 27, 2022 - Oct 10, 2022
#6	-8.02% May 21, 2013 - Sep 18, 2013	-5.93% Feb 24, 2021 - Apr 26, 2021
#7	-7.48% Apr 27, 2012 - Aug 16, 2012	-4.58% Apr 18, 2022 - May 4, 2022
#8	-7.11% Sep 3, 2014 - Jan 26, 2015	-3.99% Mar 25, 2022 - Apr 8, 2022
#9	-6.26% Feb 25, 2026 - Apr 15, 2026	-3.60% May 6, 2022 - May 17, 2022
#10	-4.96% Jul 16, 2024 - Aug 21, 2024	-3.57% May 17, 2022 - Jun 6, 2022
#11	-4.73% Jan 22, 2014 - Feb 24, 2014	-3.46% Jan 5, 2021 - Jan 14, 2021
#12	-4.70% Oct 12, 2020 - Nov 5, 2020	-2.85% Feb 24, 2022 - Mar 2, 2022
#13	-4.39% Oct 17, 2012 - Dec 12, 2012	-2.05% Jan 14, 2021 - Feb 8, 2021
#14	-3.69% Dec 6, 2024 - Feb 13, 2025	-1.72% Feb 14, 2022 - Feb 23, 2022
#15	-3.58% Sep 3, 2021 - Nov 2, 2021	-1.50% Dec 23, 2020 - Dec 29, 2020

Correlation

Correlation between GAL and KMLM is -0.10 which considered as a very weak or no correlation - the stocks move independently of each other.

-0.10

-101

Dividend Comparison (2012 - 2026)

GAL vs KMLM dividend yield comparison.

Year	GAL	KMLM
2026	0.26%	0.00%
2025	3.47%	5.02%
2024	2.99%	0.82%
2023	2.56%	0.00%
2022	6.19%	13.22%
2021	4.05%	6.94%
2020	2.14%	0.00%
2019	2.96%	0.00%
2018	2.43%	0.00%
2017	2.26%	0.00%
2016	2.43%	0.00%
2015	3.10%	0.00%
2014	3.36%	0.00%
2013	2.50%	0.00%
2012	2.47%	0.00%