SPDR Bridgewater All Weather ETF

ALLW

Market cap $718M

John Davi, founder and chief investment officer at Astoria Portfolio Advisors, joined host Nate Geraci this week on ETF Prime to discuss his firm's 15th annual report highlighting ten ETF picks for 2026. Davi described these as dynamic satellite ideas intended for six to 12-month holding periods rather than short-term tactical trades.

As the S&P 500 and Dow Jones Industrial Average continue their record-breaking ascent into early 2026, financial advisors are facing a classic concentration conundrum. Following the first full trading week of the year, the S&P 500 closed at 6,966.28 on January 9, while the Dow surged to a record 49,504.07.

There's a lot of collective wisdom about the challenge of forecasting markets and the economy. Warren Buffet once famously said: “”Forecasts may tell you a great deal about the forecaster; they tell you nothing about the future.

The SPDR Bridgewater All Weather ETF offers a global, multi-asset strategy inspired by Ray Dalio's all-weather investing principles. ALLW is actively managed, balancing exposures across economic regimes, but carries a high expense ratio (0.85%) and a limited track record since its March 2025 launch. Current performance is consistent with its mandate, but peers like GRNY and AOR show differing results due to geographic and asset allocation differences.

October weather in New York has been confusing. One weekend, it was a sunny 80 degrees, and I was in shorts.

I rarely know what I'm doing next week, but I can tell you exactly where I'll be in six months. On March 16, 2026, you will find me at the Exchange conference.

I rate ALLW a hold due to its high expense ratio and straightforward allocation, despite its diversified, global, multi-asset approach. ALLW uses leverage and includes significant non-US assets, which could outperform in volatile macro environments or a weaker dollar scenario. The fund has underperformed low-cost alternatives like AOR and may lag if US mega-cap tech stocks continue to lead the market.

On this week's episode of ETF Prime, Roxanna Islam, Head of Sector & Industry Research at VettaFi, discusses the latest updates in crypto ETFs. Later, Matt Bartolini, Head of Americas ETF Research at State Street Global Advisors, shares insights on recent market trends and SPDR ETFs.

Ray Dalio is a legend in the investing world. He founded Bridgewater Associates in 1975, one of the largest traditional hedge funds, managing close to $172 billion in assets.

Anna Paglia joined State Street Global Advisors almost 18 months ago as executive vice president and chief business officer.