GAL vs SMB

Comparison between STATE STREET(R) GLOBAL ALLOCATION ETF (GAL, ETF) and VANECK SHORT MUNI ETF (SMB, ETF).

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

GAL vs SMB - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	GAL(ETF)	SMB(ETF)
Net Assets	$307M	$305M
Expense Ratio	0.35%	0.07%
Max Drawdown	28.31%	12.64%
Sharpe Ratio	1.42	0.11
5Y Beta	0.53	0.00
5Y Dividends CAGR	16.76%	13.74%

Net Assets

Winner

GAL

$307M

SMB

$305M

Expense Ratio

GAL

0.35%

Winner

SMB

0.07%

Max Drawdown

GAL

28.31%

Winner

SMB

12.64%

Sharpe Ratio

Winner

GAL

1.42

SMB

0.11

5Y Beta

GAL

0.53

Winner

SMB

0.00

5Y Dividends CAGR

Winner

GAL

16.76%

SMB

13.74%

GAL vs SMB - Historical Returns

Returns include dividend reinvestment.

Period	GAL	SMB
1 month	-0.15%	+0.58%
3 months	+3.98%	+0.32%
6 months	+7.10%	+1.37%
1 year	+17.54%	+3.78%
5 years(CAGR)	+6.55%	+1.19%
10 years(CAGR)	+8.00%	+1.55%
Max(CAGR)	+7.30%	+2.04%

GAL

-0.15%

Winner

SMB

+0.58%

Winner

GAL

+3.98%

SMB

+0.32%

Winner

GAL

+7.10%

SMB

+1.37%

Winner

GAL

+17.54%

SMB

+3.78%

5Y(CAGR)

Winner

GAL

+6.55%

SMB

+1.19%

10Y(CAGR)

Winner

GAL

+8.00%

SMB

+1.55%

Max(CAGR)

Winner

GAL

+7.30%

SMB

+2.04%

GAL vs SMB - Annual Returns (2008 - 2026)

Returns include dividend reinvestment.

Year	GAL	SMB
2026	+6.01%	+0.55%
2025	+16.22%	+4.55%
2024	+10.70%	+2.47%
2023	+13.44%	+3.14%
2022	-13.47%	-4.35%
2021	+12.77%	+0.06%
2020	+8.67%	+3.36%
2019	+18.85%	+4.48%
2018	-8.11%	+1.75%
2017	+17.99%	+0.69%
2016	+3.98%	-0.39%
2015	-2.42%	+1.20%
2014	+6.75%	+1.09%
2013	+11.55%	+0.53%
2012	+5.60%	+1.47%
2011	N/A	+5.37%
2010	N/A	+1.32%
2009	N/A	+7.86%
2008	N/A	+2.14%

GAL vs SMB Drawdown Comparison

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

The maximum drawdown for SMB was -12.64%, occurring on Mar 19, 2020. Recovery took 65 trading sessions.

The current GAL drawdown is -2.49%. The current SMB drawdown is -0.19%.

Rank	GAL	SMB
#1	-28.31% Feb 12, 2020 - Oct 12, 2020	-12.64% Mar 9, 2020 - Jun 10, 2020
#2	-21.14% Nov 8, 2021 - Mar 7, 2024	-7.48% Jul 20, 2021 - Aug 20, 2024
#3	-14.96% Jan 26, 2018 - Sep 12, 2019	-5.58% Sep 11, 2008 - Jan 6, 2009
#4	-13.25% Apr 27, 2015 - Feb 21, 2017	-4.11% Aug 26, 2010 - May 17, 2011
#5	-9.12% Feb 18, 2025 - May 13, 2025	-4.10% Aug 2, 2016 - Aug 4, 2017
#6	-8.02% May 21, 2013 - Sep 18, 2013	-4.07% May 1, 2013 - Feb 14, 2014
#7	-7.48% Apr 27, 2012 - Aug 16, 2012	-3.84% Jan 29, 2009 - May 22, 2009
#8	-7.11% Sep 3, 2014 - Jan 26, 2015	-2.46% Aug 30, 2017 - Dec 24, 2018
#9	-6.26% Feb 25, 2026 - Apr 15, 2026	-2.37% Apr 10, 2008 - Aug 12, 2008
#10	-4.96% Jul 16, 2024 - Aug 21, 2024	-1.96% Oct 2, 2009 - Nov 27, 2009
#11	-4.73% Jan 22, 2014 - Feb 24, 2014	-1.80% Feb 28, 2025 - May 23, 2025
#12	-4.70% Oct 12, 2020 - Nov 5, 2020	-1.79% Feb 5, 2015 - Oct 16, 2015
#13	-4.39% Oct 17, 2012 - Dec 12, 2012	-1.62% May 22, 2009 - Jul 13, 2009
#14	-3.69% Dec 6, 2024 - Feb 13, 2025	-1.53% Jan 8, 2009 - Jan 12, 2009
#15	-3.58% Sep 3, 2021 - Nov 2, 2021	-1.49% Mar 12, 2010 - May 26, 2010

Correlation

Correlation between GAL and SMB is 0.95 which considered as a very strong positive correlation - the stocks move almost identically together.

0.95

-101

Dividend Comparison (2008 - 2026)

GAL vs SMB dividend yield comparison.

Year	GAL	SMB
2026	0.26%	1.13%
2025	3.47%	2.63%
2024	2.99%	2.38%
2023	2.56%	1.83%
2022	6.19%	1.32%
2021	4.05%	1.24%
2020	2.14%	1.50%
2019	2.96%	1.58%
2018	2.43%	1.49%
2017	2.26%	1.23%
2016	2.43%	1.12%
2015	3.10%	1.13%
2014	3.36%	1.21%
2013	2.50%	1.38%
2012	2.47%	1.64%
2011	0.00%	1.93%
2010	0.00%	2.40%
2009	0.00%	2.38%
2008	0.00%	2.34%