- ISIN
- US1320616071
- CUSIP
- 132061607
- Issuer
- Cambria
- Inception Date
- Dec 9, 2014
- Region
- Developed Markets (Broad)
- Category
- Diversified Portfolio
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $72M
Share Price Chart
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Performance
GAA Performance Chart
Cambria Global Asset Allocation ETF (GAA) is up 9.5% since the beginning of the year. GAA is currently trading at $35 per share. Investors who bought $1,000 worth of GAA shares 5 years ago would now be looking at an investment worth $1,380.
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Returns By Period
Cambria Global Asset Allocation ETF (GAA) has returned 9.54% so far this year and 20.97% over the past 12 months. Over the last ten years, GAA has returned 7.83% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Cambria Global Asset Allocation ETF
- 1D
- 0.68%
- 1M
- 0.77%
- YTD
- 9.54%
- 6M
- 10.07%
- 1Y
- 20.97%
- 3Y*
- 14.18%
- 5Y*
- 6.65%
- 10Y*
- 7.83%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
GAA Monthly Returns History
Based on dividend-adjusted daily data since Dec 10, 2014, GAA's average daily return is +0.03%, while the average monthly return is +0.58%. At this rate, an investment would double in approximately 10.0 years.
Historically, 63% of months were positive and 37% were negative. The best month was Nov 2020 with a return of +7.3%, while the worst month was Mar 2020 at -12.9%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 5 months.
On a daily basis, GAA closed higher 53% of trading days. The best single day was Mar 20, 2020 with a return of +4.7%, while the worst single day was Mar 12, 2020 at -8.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.66% | 3.69% | -4.27% | 4.77% | 0.30% | 0.34% | 9.54% | ||||||
| 2025 | 0.91% | 0.61% | 1.69% | -1.10% | 2.97% | 3.88% | -0.45% | 3.67% | 1.04% | 1.12% | 1.04% | 2.07% | 18.76% |
| 2024 | -0.10% | 0.93% | 4.15% | -1.72% | 1.60% | -0.67% | 2.16% | 0.93% | 2.93% | -2.91% | 1.75% | -2.31% | 6.67% |
| 2023 | 4.26% | -2.93% | -0.31% | 0.45% | -2.88% | 4.74% | 2.11% | -3.00% | -1.48% | -1.89% | 4.65% | 4.24% | 7.65% |
| 2022 | -1.92% | -1.21% | 0.36% | -2.16% | 1.19% | -6.84% | 1.09% | -1.34% | -6.11% | 3.92% | 5.81% | -0.87% | -8.47% |
| 2021 | 1.42% | 2.54% | 1.30% | 3.03% | 2.09% | -0.54% | 0.86% | 0.68% | -3.05% | 2.92% | -3.18% | 2.81% | 11.17% |
Benchmark Metrics
Cambria Global Asset Allocation ETF has an annualized alpha of 2.45%, beta of 0.37, and R2 of 0.37 versus S&P 500 Index. Calculated based on daily prices since December 10, 2014.
- This ETF participated in 52.65% of S&P 500 Index downside but only 46.89% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.37 may look defensive, but with R2 of 0.37 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.37 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 2.45%
- Beta
- 0.37
- R²
- 0.37
- Upside Capture
- 46.89%
- Downside Capture
- 52.65%
Expense Ratio
GAA has an expense ratio of 0.41%, placing it in the medium range.
Return for Risk
Risk / Return Rank
GAA ranks 74 for risk / return — better than 74% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Cambria Global Asset Allocation ETF (GAA) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GAA | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.37 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.64 | 2.78 | +0.86 |
| Martin ratioReturn relative to average drawdown | 13.71 | 12.44 | +1.27 |
Dividends
Dividend History
Cambria Global Asset Allocation ETF provided a 3.58% dividend yield over the last twelve months, with an annual payout of $1.26 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.26 | $1.38 | $1.11 | $1.04 | $1.63 | $1.31 | $0.80 | $0.92 | $0.75 | $0.65 | $0.69 | $0.57 |
Dividend yield | 3.58% | 4.24% | 3.88% | 3.73% | 6.05% | 4.21% | 2.73% | 3.32% | 3.01% | 2.36% | 2.82% | 2.49% |
Monthly Dividends
The table displays the monthly dividend distributions for Cambria Global Asset Allocation ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.32 | $0.00 | $0.00 | $0.00 | $0.32 | ||||||
| 2025 | $0.00 | $0.00 | $0.43 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $0.41 | $1.38 |
| 2024 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.51 | $0.00 | $0.00 | $0.04 | $1.11 |
| 2023 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.26 | $1.04 |
| 2022 | $0.00 | $0.00 | $0.73 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.34 | $0.00 | $0.00 | $0.41 | $1.63 |
| 2021 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.41 | $0.00 | $0.00 | $0.64 | $1.31 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Cambria Global Asset Allocation ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Cambria Global Asset Allocation ETF was 26.57%, occurring on Mar 19, 2020. Recovery took 164 trading sessions.
The current Cambria Global Asset Allocation ETF drawdown is 0.53%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -26.57%Mar 2020 | 1mo 28d | 7mo 26d | 9mo 24dJan 2020 - Nov 2020 |
Bear market2022 | -18.47%Sep 2022 | 11mo 10d | 1y 5mo | 2y 5moOct 2021 - Mar 2024 |
2016 correction2016 | -12.63%Jan 2016 | 8mo 7d | 6mo 4d | 1y 2moMay 2015 - Jul 2016 |
Rate-hike selloffLate 2018 | -12.06%Dec 2018 | 10mo 29d | 10mo 4d | 1y 8moJan 2018 - Oct 2019 |
2025 selloff2025 | -7.18%Apr 2025 | 5d | 1mo 4d | 1mo 9dApr 2025 - May 2025 |
Drawdown Indicators
| GAA | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.57% | -56.78% | +30.21% |
Max Drawdown (1Y)Largest decline over 1 year | -5.78% | -9.10% | +3.32% |
Max Drawdown (3Y)Largest decline over 3 years | -7.18% | -18.90% | +11.72% |
Max Drawdown (5Y)Largest decline over 5 years | -18.47% | -25.43% | +6.96% |
Max Drawdown (10Y)Largest decline over 10 years | -26.57% | -33.92% | +7.35% |
Current DrawdownCurrent decline from peak | -0.53% | -1.80% | +1.27% |
Average DrawdownAverage peak-to-trough decline | -3.84% | -10.71% | +6.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.53% | 2.03% | -0.50% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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