IQ
ALLW
State Street Bridgewater All Weather ETF
Category AllocationIssuer State StreetNet assets $1.8bnFee 0.85%
Trading · State Street Bridgewater All Weather ETF

ALLW bid-ask spread and liquidity

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As of Nov 3, 2026, ALLW closed −0.07% from its NAV, and on 95% of the 251 days to then it was within ±0.51%.

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ALLW fund page
·
Not scored

IQ Liquidity Score

· 3 of 6 measured · Nov 3, 2026
−0.07%
latest close, Nov 3
±0.51%
95% of days within
0 · Hard to trade100 · Trades like a giant

How easily this fund trades, from 0 to 100 on the same anchors for every fund; 100 is best. Method →

Cost to trade
Not measured · the issuer's 30-day median spread is not read for this fund
·
Capacity
Not measured · 35.7% of its long weight could be measured; the largest part not measured is unresolved
·
Price fidelity
95% of days within ±0.51% of NAV, 251 days to Nov 3, 2026
70.2
Primary market
6 active dealers of 40; largest 62% of creations and redemptions, N-CEN to Oct 31, 2025
85.0
Bad-day behaviour
Premium 0.9529× normal on the 10 worst S&P 500 days, to Nov 3, 2026
100.0
Depth
Not measured · needs trade and quote data
·

Capacity: what its holdings can absorb in a day. Price fidelity: how close its price stays to NAV, the value of what it holds. Primary market: the dealers who create and redeem its shares. Bad-day behaviour: its premium on the market’s worst days. Depth: the dollars quoted at the bid and the ask. How to read the score →

Premium or discount to valueDaily, 251 days to Nov 3, 2026 · the ±1% band marked

Above zero: a premium. Below: a discount.

ALLW premium or discount to NAV, 251 days+1%0−1%Nov 4, 2025Nov 3, 2026
Latest close, Nov 3
−0.07%
95% of days within
±0.51%
Days more than 1% from NAV
0 of 251
Widest
−0.96%, Mar 20, 2026
CapacityWhat the holdings can absorb a day

Not measured: 35.7% of its long weight could be measured; the largest part not measured is unresolved.

Who makes the market

Authorized participants · N-CEN, the year to Oct 31, 2025
Active dealers
6
of 40 authorized
Largest
62%
of creations and redemptions
One dealer
No
6 active

6 of 40 authorized participants created or redeemed ALLW shares in the year to Oct 31, 2025. From the fund’s Form N-CEN, filed May 26, 2026.

APs create and redeem shares. Every AP →

Active APs, largest first, by share of dollars created and redeemed: Jane Street Capital, LLC (62.1%), Merrill Lynch Professional Clearing Corp. (28.2%), Goldman Sachs & Co. LLC (3.5%), J.P. Morgan Securities LLC (2.8%), Virtu Americas LLC (1.8%), Barclays Capital Inc. (1.6%). 34 more were listed and created or redeemed nothing.

Creations and redemptionsBy week, 52 weeks to Nov 3, 2026
Nov 10 2025Each week’s net creations (green) and redemptionsNov 3 2026

$1.2bn net created in 44 weeks and $47m net redeemed in 4, over the 52 weeks from Nov 10, 2025 to Nov 3, 2026, from the change in its shares outstanding.

What retail orders paid

One way on $10,000, Sep 2026
All wholesalers read
$1.14
Vanguard customers
$0.70
Fidelity customers
$0.79
Schwab customers
$1.35
Robinhood customers
$3.11

In Sep 2026, retail market orders in ALLW paid $1.14 one way on $10,000, against $1.82 at the quote.

79% of shares filled better than the quote.

Aug 2025Grey: old format, orders of 100 to 9,999 sharesSep 2026

Where it trades

Q2 2026, 62 trading days
Odd lots, of exchange volume
10.4%

In Q2 2026, odd lots were 10.4% of ALLW’s exchange volume.

Off exchange means wholesalers and dark pools. Odd lots are orders under 100 shares, a sign of retail trading.

How to place the order

To buy or to sell, up to $100,000
When
ETF spreads are usually widest in the first minutes after the open and the last before the close.
Watch
The premium to NAV, charted above: a buyer pays more, and a seller gets less, when it is wide.
Why low volume does not mean illiquid →Limit orders vs market orders for ETFs →
Not measured yet: these need trade data
Spread through the day

Median spread by half hour, 30 days.

Buyers against sellers

Volume bought at the ask against volume sold at the bid.

Retail flow, estimated

Trades priced in fractions of a cent, a sign of retail orders.

Large trades

Trades above $500k: how many, and their share of volume.

Closing auction

Share of the day’s volume at the close.

Questions people ask

Does ALLW trade at a premium or discount to NAV?

It closed −0.07% from its NAV on Nov 3, 2026. On 95% of the 251 days to then it was within ±0.51%, and it closed more than 1% from NAV on 0 of them.

Who is the AP for ALLW?

ALLW’s latest Form N-CEN, for the period ending Oct 31, 2025, lists 40 authorized participants (APs), and 6 created or redeemed shares. The largest were Jane Street Capital, LLC (62.1%), Merrill Lynch Professional Clearing Corp. (28.2%), Goldman Sachs & Co. LLC (3.5%) of the dollars its APs created and redeemed.

Who is the LMM for ALLW?

ALLW’s lead market maker (LMM) on Nasdaq is Citadel Securities LLC. Lead market maker per Nasdaq, as of Nov 1, 2026.
Where to next
ETF trading costs and liquidity→Cost-to-trade checker→Why low volume does not mean illiquidguide →Limit orders vs market orders for ETFsguide →How the IQ Liquidity Score is builtmethod →ALLW fund page→
Sources and dates
Premium to NAVETFIQ, close against the issuer’s NAV · Nov 4, 2025 to Nov 3, 2026
DealersForm N-CEN · the year to Oct 31, 2025
Creations and redemptionsShares outstanding, daily, from the issuer
Retail ordersSEC Rule 605 reports · Sep 2026
Where it tradesSEC MIDAS · Q2 2026

The score measures trading conditions, not the fund. ETFIQ makes no recommendations.

Cite this pageCitation, APA and Markdown

ETFIQ, ALLW trading: cost, capacity, premium and dealers, data as of Nov 3, 2026. https://etfiq.com/funds/allw/trading/

Open data →

The score measures trading conditions, not the fund. ETFIQ makes no recommendations.