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BLDG vs. GAA
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BLDG vs. GAA

Last updated Jun 5, 2026

BLDG (Cambria Global Real Estate ETF) and GAA (Cambria Global Asset Allocation ETF) are both exchange-traded funds - BLDG is a REIT fund actively managed by Cambria, while GAA is a Diversified Portfolio fund actively managed by Cambria. Both are actively managed. Over the past 5 years, BLDG returned 2.40%/yr vs 6.40%/yr for GAA. A 0.51 correlation means they provide meaningful diversification when combined. BLDG charges 0.59%/yr vs 0.41%/yr for GAA.

Performance

BLDG vs. GAA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cambria Global Real Estate ETF (BLDG) and Cambria Global Asset Allocation ETF (GAA). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, BLDG achieves a 6.82% return, which is significantly lower than GAA's 9.52% return.

BLDG

1D
0.82%
1M
0.01%
YTD
6.82%
6M
6.29%
1Y
11.06%
3Y*
9.14%
5Y*
2.40%
10Y*
—

GAA

1D
0.13%
1M
0.70%
YTD
9.52%
6M
11.08%
1Y
21.16%
3Y*
14.39%
5Y*
6.40%
10Y*
7.66%
*Multi-year figures are annualized to reflect compound growth (CAGR)

BLDG vs. GAA - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
BLDG
Cambria Global Real Estate ETF		6.82%4.26%8.18%1.76%-14.66%22.47%15.37%
GAA
Cambria Global Asset Allocation ETF		9.52%18.76%6.67%7.65%-8.47%11.17%12.24%

Correlation

The correlation between BLDG and GAA is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.46

Correlation (3Y)
Calculated over the trailing 3-year period

0.47

Correlation (5Y)
Calculated over the trailing 5-year period

0.52

Correlation (All Time)
Calculated using the full available price history since Sep 25, 2020

0.51

The correlation between BLDG and GAA has been stable across timeframes, ranging from 0.46 to 0.52 - a consistent structural relationship.

BLDG vs. GAA - Sectors Allocation Comparison

Sectors
BLDG
GAA

Real Estate

98.6%
13.9%

Financial Services

1.4%
17.5%

Basic Materials

-

9.7%

Communication Services

-

4.0%

Consumer Cyclical

-

8.5%

Consumer Defensive

-

3.5%

Energy

-

13.2%

Healthcare

-

3.2%

Industrials

-

14.2%

Technology

-

8.7%

Utilities

-

3.8%

Real Estate

BLDG
98.6%
GAA
13.9%

Financial Services

BLDG
1.4%
GAA
17.5%

Basic Materials

BLDG

-

GAA
9.7%

Communication Services

BLDG

-

GAA
4.0%

Consumer Cyclical

BLDG

-

GAA
8.5%

Consumer Defensive

BLDG

-

GAA
3.5%

Energy

BLDG

-

GAA
13.2%

Healthcare

BLDG

-

GAA
3.2%

Industrials

BLDG

-

GAA
14.2%

Technology

BLDG

-

GAA
8.7%

Utilities

BLDG

-

GAA
3.8%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Cambria Global Real Estate ETF

Cambria Global Asset Allocation ETF

Often compared with BLDG:
BLDG vs. VNQBLDG vs. AVREBLDG vs. VNQIBLDG vs. REETBLDG vs. SRETBLDG vs. RWXBLDG vs. DFGR
Often compared with GAA:
GAA vs. TRTYGAA vs. AOAGAA vs. VSMGXGAA vs. OCIOGAA vs. EAOMGAA vs. MDIVGAA vs. SWOBX

Return for Risk

BLDG vs. GAA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BLDG
BLDG Risk / Return Rank: 2727
Overall Rank
BLDG Sharpe Ratio Rank: 2828
Sharpe Ratio Rank
BLDG Sortino Ratio Rank: 2727
Sortino Ratio Rank
BLDG Omega Ratio Rank: 2626
Omega Ratio Rank
BLDG Calmar Ratio Rank: 2424
Calmar Ratio Rank
BLDG Martin Ratio Rank: 2828
Martin Ratio Rank
GAA
GAA Risk / Return Rank: 7474
Overall Rank
GAA Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
GAA Sortino Ratio Rank: 7474
Sortino Ratio Rank
GAA Omega Ratio Rank: 7474
Omega Ratio Rank
GAA Calmar Ratio Rank: 7474
Calmar Ratio Rank
GAA Martin Ratio Rank: 7575
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BLDG vs. GAA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cambria Global Real Estate ETF (BLDG) and Cambria Global Asset Allocation ETF (GAA). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

BLDGGAADifference
Sharpe ratioReturn per unit of total volatility
1.00
2.34

-1.34

Sortino ratioReturn per unit of downside risk
1.45
3.30

-1.85

Omega ratioGain probability vs. loss probability

1.17

1.43

-0.26

Calmar ratioReturn relative to maximum drawdown

1.10

3.68

-2.57

Martin ratioReturn relative to average drawdown

3.88

14.09

-10.21

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BLDG vs. GAA - Sharpe Ratio Comparison

The current BLDG Sharpe Ratio is 1.00, which is lower than the GAA Sharpe Ratio of 2.34. The chart below compares the historical Sharpe Ratios of BLDG and GAA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

BLDGGAADifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.00

2.34

-1.34

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.16

0.57

-0.41

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.69

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.46

0.64

-0.18

Drawdowns

BLDG vs. GAA - Drawdown Comparison

The maximum BLDG drawdown since its inception was -27.25%, roughly equal to the maximum GAA drawdown of -26.57%. Use the drawdown chart below to compare losses from any high point for BLDG and GAA.

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Drawdown Indicators

BLDGGAADifference

Max Drawdown

Largest peak-to-trough decline

-27.25%

-26.57%

-0.68%

Max Drawdown (1Y)

Largest decline over 1 year

-10.08%

-5.78%

-4.30%

Max Drawdown (3Y)

Largest decline over 3 years

-18.57%

-7.18%

-11.39%

Max Drawdown (5Y)

Largest decline over 5 years

-27.25%

-18.47%

-8.78%

Max Drawdown (10Y)

Largest decline over 10 years

—

-26.57%

—

Current Drawdown

Current decline from peak

-1.96%

-0.54%

-1.42%

Average Drawdown

Average peak-to-trough decline

-9.22%

-3.85%

-5.37%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.86%

1.51%

+1.35%

Volatility

BLDG vs. GAA - Volatility Comparison

Cambria Global Real Estate ETF (BLDG) has a higher volatility of 3.58% compared to Cambria Global Asset Allocation ETF (GAA) at 2.49%. This indicates that BLDG's price experiences larger fluctuations and is considered to be riskier than GAA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

BLDGGAADifference

Volatility (1M)

Calculated over the trailing 1-month period

3.58%

2.49%

+1.09%

Volatility (6M)

Calculated over the trailing 6-month period

8.26%

7.38%

+0.88%

Volatility (1Y)

Calculated over the trailing 1-year period

11.09%

9.16%

+1.93%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.27%

11.28%

+3.99%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.54%

11.09%

+4.45%

BLDG vs. GAA - Expense Ratio Comparison

BLDG has a 0.59% expense ratio, which is higher than GAA's 0.41% expense ratio.

Dividends

BLDG vs. GAA - Dividend Comparison

BLDG's dividend yield for the trailing twelve months is around 5.68%, more than GAA's 3.58% yield.

PositionTTM20252024202320222021202020192018201720162015
BLDG
Cambria Global Real Estate ETF		5.68%7.46%7.97%4.99%3.99%10.40%0.59%0.00%0.00%0.00%0.00%0.00%
GAA
Cambria Global Asset Allocation ETF		3.58%4.24%3.88%3.73%6.05%4.21%2.73%3.32%3.01%2.36%2.82%2.49%

Frequently Asked Questions

BLDG and GAA have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

BLDG has higher volatility (3.58%) compared to GAA (2.49%). In terms of maximum drawdown, BLDG dropped -27.25% vs GAA's -26.57%.

On 5-year performance, GAA leads with 6.40% vs 2.40% for BLDG. On fees, GAA is cheaper at 0.41% per year. On volatility, GAA has been the lower-risk option at 2.49%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, GAA has performed better with a 6.40% return vs 2.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

GAA is cheaper with a 0.41% expense ratio, compared with 0.59% for BLDG.

BLDG has the higher dividend yield at 5.68%, compared with 3.58% for GAA.

BLDG is categorized as REIT, while GAA is Diversified Portfolio. Their fees differ too: 0.59% for BLDG and 0.41% for GAA.

GAA currently has the higher Sharpe Ratio (2.34 vs 1.00), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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