BLDG vs. LMBS
BLDG (Cambria Global Real Estate ETF) and LMBS (First Trust Low Duration Mortgage Opportunities ETF) are both exchange-traded funds - BLDG is a REIT fund actively managed by Cambria, while LMBS is a Mortgage Backed Securities fund actively managed by First Trust. Both are actively managed. Over the past 5 years, BLDG returned 2.40%/yr vs 3.04%/yr for LMBS. At a 0.18 correlation, their price movements are largely independent. BLDG charges 0.59%/yr vs 0.68%/yr for LMBS.
Performance
BLDG vs. LMBS - Performance Comparison
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Returns By Period
In the year-to-date period, BLDG achieves a 6.82% return, which is significantly higher than LMBS's 1.30% return.
BLDG
- 1D
- 0.82%
- 1M
- 0.01%
- YTD
- 6.82%
- 6M
- 6.29%
- 1Y
- 11.06%
- 3Y*
- 9.14%
- 5Y*
- 2.40%
- 10Y*
- —
LMBS
- 1D
- 0.06%
- 1M
- 0.21%
- YTD
- 1.30%
- 6M
- 1.63%
- 1Y
- 5.89%
- 3Y*
- 5.74%
- 5Y*
- 3.04%
- 10Y*
- 2.73%
BLDG vs. LMBS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BLDG Cambria Global Real Estate ETF | 6.82% | 4.26% | 8.18% | 1.76% | -14.66% | 22.47% | 15.37% |
LMBS First Trust Low Duration Mortgage Opportunities ETF | 1.30% | 7.05% | 5.15% | 6.10% | -3.07% | -0.91% | 0.16% |
Correlation
The correlation between BLDG and LMBS is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2020 | 0.18 |
The correlation between BLDG and LMBS shifts across timeframes, from 0.18 (all time) to 0.38 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BLDG vs. LMBS — Risk / Return Rank
BLDG
LMBS
BLDG vs. LMBS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cambria Global Real Estate ETF (BLDG) and First Trust Low Duration Mortgage Opportunities ETF (LMBS). 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.
| BLDG | LMBS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.02 | ||
| Sortino ratioReturn per unit of downside risk | -3.20 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.60 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | 4.14 | -3.04 |
| Martin ratioReturn relative to average drawdown | 3.88 | 17.66 | -13.78 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BLDG | LMBS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | 3.02 | -2.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.16 | 1.19 | -1.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.16 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 1.13 | -0.67 |
Drawdowns
BLDG vs. LMBS - Drawdown Comparison
The maximum BLDG drawdown since its inception was -27.25%, which is greater than LMBS's maximum drawdown of -6.49%. Use the drawdown chart below to compare losses from any high point for BLDG and LMBS.
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Drawdown Indicators
| BLDG | LMBS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.25% | -6.49% | -20.76% |
Max Drawdown (1Y)Largest decline over 1 year | -10.08% | -1.43% | -8.65% |
Max Drawdown (3Y)Largest decline over 3 years | -18.57% | -1.72% | -16.85% |
Max Drawdown (5Y)Largest decline over 5 years | -27.25% | -6.12% | -21.13% |
Max Drawdown (10Y)Largest decline over 10 years | — | -6.49% | — |
Current DrawdownCurrent decline from peak | -1.96% | -0.28% | -1.68% |
Average DrawdownAverage peak-to-trough decline | -9.22% | -0.80% | -8.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.86% | 0.33% | +2.53% |
Volatility
BLDG vs. LMBS - Volatility Comparison
Cambria Global Real Estate ETF (BLDG) has a higher volatility of 3.58% compared to First Trust Low Duration Mortgage Opportunities ETF (LMBS) at 0.68%. This indicates that BLDG's price experiences larger fluctuations and is considered to be riskier than LMBS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BLDG | LMBS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.58% | 0.68% | +2.90% |
Volatility (6M)Calculated over the trailing 6-month period | 8.26% | 1.45% | +6.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.09% | 1.97% | +9.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.27% | 2.56% | +12.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.54% | 2.36% | +13.18% |
BLDG vs. LMBS - Expense Ratio Comparison
BLDG has a 0.59% expense ratio, which is lower than LMBS's 0.68% expense ratio.
Dividends
BLDG vs. LMBS - Dividend Comparison
BLDG's dividend yield for the trailing twelve months is around 5.68%, more than LMBS's 4.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
LMBS First Trust Low Duration Mortgage Opportunities ETF | 4.10% | 4.08% | 4.28% | 3.96% | 2.22% | 2.04% | 2.27% | 2.55% | 2.76% | 2.73% | 2.84% | 3.03% |
Frequently Asked Questions
BLDG and LMBS have a correlation of 0.38, 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 LMBS (0.68%). In terms of maximum drawdown, BLDG dropped -27.25% vs LMBS's -6.49%.
On 5-year performance, LMBS leads with 3.04% vs 2.40% for BLDG. On fees, BLDG is cheaper at 0.59% per year. On volatility, LMBS has been the lower-risk option at 0.68%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, LMBS has performed better with a 3.04% return vs 2.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BLDG is cheaper with a 0.59% expense ratio, compared with 0.68% for LMBS.
BLDG has the higher dividend yield at 5.68%, compared with 4.10% for LMBS.
BLDG is categorized as REIT, while LMBS is Mortgage Backed Securities. They also come from different issuers: Cambria and First Trust. Their fees differ too: 0.59% for BLDG and 0.68% for LMBS.
LMBS currently has the higher Sharpe Ratio (3.02 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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