BMAX.TO vs. GAA
Compare and contrast key facts about Brompton Enhanced Multi-Asset Income ETF (BMAX.TO) and Cambria Global Asset Allocation ETF (GAA).
BMAX.TO and GAA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BMAX.TO is managed by Brompton Funds. GAA is an actively managed fund by Cambria. It was launched on Dec 9, 2014.
Performance
BMAX.TO vs. GAA - Performance Comparison
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BMAX.TO vs. GAA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BMAX.TO Brompton Enhanced Multi-Asset Income ETF | -0.42% | 17.88% | 19.42% | 11.56% | 6.10% |
GAA Cambria Global Asset Allocation ETF | 6.16% | 13.32% | 15.83% | 5.28% | 5.58% |
Different Trading Currencies
BMAX.TO is traded in CAD, while GAA is traded in USD. To make them comparable, the GAA values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, BMAX.TO achieves a -0.42% return, which is significantly lower than GAA's 6.16% return.
BMAX.TO
- 1D
- 1.22%
- 1M
- -4.43%
- YTD
- -0.42%
- 6M
- 2.34%
- 1Y
- 15.78%
- 3Y*
- 15.68%
- 5Y*
- —
- 10Y*
- —
GAA
- 1D
- 0.77%
- 1M
- -1.07%
- YTD
- 6.16%
- 6M
- 8.14%
- 1Y
- 17.41%
- 3Y*
- 13.36%
- 5Y*
- 8.67%
- 10Y*
- 8.17%
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BMAX.TO vs. GAA - Expense Ratio Comparison
BMAX.TO has a 2.62% expense ratio, which is higher than GAA's 0.41% expense ratio.
Return for Risk
BMAX.TO vs. GAA — Risk / Return Rank
BMAX.TO
GAA
BMAX.TO vs. GAA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brompton Enhanced Multi-Asset Income ETF (BMAX.TO) 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.
| BMAX.TO | GAA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.01 | 1.73 | -0.72 |
Sortino ratioReturn per unit of downside risk | 1.46 | 2.29 | -0.84 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.32 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.44 | 2.36 | -0.93 |
Martin ratioReturn relative to average drawdown | 6.23 | 8.03 | -1.79 |
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
| BMAX.TO | GAA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.01 | 1.73 | -0.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.88 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.83 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.21 | 0.85 | +0.36 |
Correlation
The correlation between BMAX.TO and GAA is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
BMAX.TO vs. GAA - Dividend Comparison
BMAX.TO's dividend yield for the trailing twelve months is around 10.21%, more than GAA's 3.74% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BMAX.TO Brompton Enhanced Multi-Asset Income ETF | 10.21% | 9.70% | 9.64% | 9.55% | 2.41% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GAA Cambria Global Asset Allocation ETF | 3.74% | 4.24% | 3.88% | 3.73% | 6.05% | 4.21% | 2.73% | 3.32% | 3.01% | 2.36% | 2.82% | 2.49% |
Drawdowns
BMAX.TO vs. GAA - Drawdown Comparison
The maximum BMAX.TO drawdown since its inception was -15.42%, smaller than the maximum GAA drawdown of -19.01%. Use the drawdown chart below to compare losses from any high point for BMAX.TO and GAA.
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Drawdown Indicators
| BMAX.TO | GAA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.42% | -26.57% | +11.15% |
Max Drawdown (1Y)Largest decline over 1 year | -11.30% | -7.18% | -4.12% |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.47% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.57% | — |
Current DrawdownCurrent decline from peak | -5.91% | -3.40% | -2.51% |
Average DrawdownAverage peak-to-trough decline | -1.92% | -3.90% | +1.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.60% | 1.76% | +0.84% |
Volatility
BMAX.TO vs. GAA - Volatility Comparison
Brompton Enhanced Multi-Asset Income ETF (BMAX.TO) has a higher volatility of 5.27% compared to Cambria Global Asset Allocation ETF (GAA) at 3.71%. This indicates that BMAX.TO'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
| BMAX.TO | GAA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.27% | 3.71% | +1.56% |
Volatility (6M)Calculated over the trailing 6-month period | 8.53% | 7.17% | +1.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.67% | 10.12% | +5.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.19% | 9.87% | +3.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.19% | 9.90% | +3.29% |