GAL vs NCA

Comparison between STATE STREET(R) GLOBAL ALLOCATION ETF (GAL, ETF) and Nuveen California Municipal Value Fund. (NCA, ETF).

5-Year PerformanceGAL has outperformed NCA, delivering a return of +6.5% compared to +1.2%

GAL vs NCA - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	GAL(ETF)	NCA(ETF)
Net Assets	$307M	$304M
Expense Ratio	0.35%	N/A
Max Drawdown	28.31%	31.70%
Sharpe Ratio	1.42	0.77
5Y Beta	0.53	0.15
5Y Dividends CAGR	16.76%	3.62%

Net Assets

Winner

GAL

$307M

NCA

$304M

Expense Ratio

GAL

0.35%

NCA

N/A

Max Drawdown

Winner

GAL

28.31%

NCA

31.70%

Sharpe Ratio

Winner

GAL

1.42

NCA

0.77

5Y Beta

GAL

0.53

Winner

NCA

0.15

5Y Dividends CAGR

Winner

GAL

16.76%

NCA

3.62%

GAL vs NCA - Historical Returns

Returns include dividend reinvestment.

Period	GAL	NCA
1 month	-0.15%	-0.01%
3 months	+3.98%	-0.28%
6 months	+7.10%	+6.68%
1 year	+17.54%	+12.67%
5 years(CAGR)	+6.55%	+1.17%
10 years(CAGR)	+8.00%	+2.02%
Max(CAGR)	+7.30%	+4.90%

GAL

-0.15%

Winner

NCA

-0.01%

Winner

GAL

+3.98%

NCA

-0.28%

Winner

GAL

+7.10%

NCA

+6.68%

Winner

GAL

+17.54%

NCA

+12.67%

5Y(CAGR)

Winner

GAL

+6.55%

NCA

+1.17%

10Y(CAGR)

Winner

GAL

+8.00%

NCA

+2.02%

Max(CAGR)

Winner

GAL

+7.30%

NCA

+4.90%

GAL vs NCA - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	GAL	NCA
2026	+6.01%	+3.85%
2025	+16.22%	+10.13%
2024	+10.70%	-0.80%
2023	+13.44%	+8.96%
2022	-13.47%	-13.22%
2021	+12.77%	-2.16%
2020	+8.67%	+4.73%
2019	+18.85%	+19.52%
2018	-8.11%	-7.83%
2017	+17.99%	+1.75%
2016	+3.98%	+0.41%
2015	-2.42%	+8.06%
2014	+6.75%	+19.53%
2013	+11.55%	-5.95%
2012	+5.60%	+10.54%
2011	N/A	+16.12%
2010	N/A	+0.45%
2009	N/A	+10.05%
2008	N/A	-3.00%
2007	N/A	-5.56%
2006	N/A	+12.17%
2005	N/A	+9.35%
2004	N/A	+6.39%
2003	N/A	+3.67%
2002	N/A	+1.42%
2001	N/A	+11.60%
2000	N/A	+21.02%
1999	N/A	-8.03%

GAL vs NCA Drawdown Comparison

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

The maximum drawdown for NCA was -23.58%, occurring on Oct 10, 2008. Recovery took 580 trading sessions.

The current GAL drawdown is -2.49%. The current NCA drawdown is -4.95%.

Rank	GAL	NCA
#1	-28.31% Feb 12, 2020 - Oct 12, 2020	-23.58% May 15, 2007 - Sep 1, 2009
#2	-21.14% Nov 8, 2021 - Mar 7, 2024	-22.97% Sep 16, 2021 - Jan 7, 2026
#3	-14.96% Jan 26, 2018 - Sep 12, 2019	-19.28% Mar 3, 2020 - Sep 14, 2020
#4	-13.25% Apr 27, 2015 - Feb 21, 2017	-14.95% Jan 24, 2013 - Apr 25, 2014
#5	-9.12% Feb 18, 2025 - May 13, 2025	-14.28% Sep 2, 2010 - Nov 9, 2011
#6	-8.02% May 21, 2013 - Sep 18, 2013	-13.49% Sep 22, 2016 - Jul 9, 2019
#7	-7.48% Apr 27, 2012 - Aug 16, 2012	-13.48% Nov 2, 1999 - Mar 30, 2000
#8	-7.11% Sep 3, 2014 - Jan 26, 2015	-12.31% Jun 26, 2003 - Feb 12, 2004
#9	-6.26% Feb 25, 2026 - Apr 15, 2026	-12.29% Feb 17, 2004 - Nov 16, 2004
#10	-4.96% Jul 16, 2024 - Aug 21, 2024	-10.28% Sep 30, 2002 - Jun 12, 2003
#11	-4.73% Jan 22, 2014 - Feb 24, 2014	-9.19% Jan 20, 2021 - Jul 29, 2021
#12	-4.70% Oct 12, 2020 - Nov 5, 2020	-8.33% Mar 30, 2000 - Jun 9, 2000
#13	-4.39% Oct 17, 2012 - Dec 12, 2012	-7.94% Mar 7, 2001 - Jul 23, 2001
#14	-3.69% Dec 6, 2024 - Feb 13, 2025	-7.88% Mar 1, 2012 - May 4, 2012
#15	-3.58% Sep 3, 2021 - Nov 2, 2021	-7.72% Aug 10, 2000 - Jan 4, 2001

Correlation

Correlation between GAL and NCA is 0.83 which considered as a strong positive correlation - the stocks tend to move together.

0.83

-101

Dividend Comparison (2000 - 2026)

GAL vs NCA dividend yield comparison.

Year	GAL	NCA
2026	0.26%	1.61%
2025	3.47%	3.89%
2024	2.99%	4.12%
2023	2.56%	3.88%
2022	6.19%	3.66%
2021	4.05%	3.02%
2020	2.14%	2.98%
2019	2.96%	3.21%
2018	2.43%	3.79%
2017	2.26%	5.33%
2016	2.43%	4.36%
2015	3.10%	4.34%
2014	3.36%	4.45%
2013	2.50%	5.11%
2012	2.47%	4.69%
2011	0.00%	4.81%
2010	0.00%	5.32%
2009	0.00%	5.03%
2008	0.00%	6.90%
2007	0.00%	5.13%
2006	0.00%	4.78%
2005	0.00%	5.39%
2004	0.00%	6.01%
2003	0.00%	5.97%
2002	0.00%	5.49%
2001	0.00%	5.17%
2000	0.00%	2.31%