COPY vs. GVAL

Last updated Jul 17, 2026

COPY (Tweedy, Browne Insider + Value ETF) and GVAL (Cambria Global Value ETF) are both Global Equities funds. Both are actively managed. Over the past year, COPY returned 30.93% vs 38.28% for GVAL. A 0.69 correlation means they provide meaningful diversification when combined. COPY charges 0.80%/yr vs 0.64%/yr for GVAL.

Performance

COPY vs. GVAL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tweedy, Browne Insider + Value ETF (COPY) and Cambria Global Value ETF (GVAL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with COPY having a 18.84% return and GVAL slightly lower at 18.69%.

COPY

• 1D: 0.95%
• 1M: 2.00%
• 6M: 13.89%
• YTD: 18.84%
• 1Y: 30.93%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GVAL

• 1D: -0.51%
• 1M: -0.73%
• 6M: 12.57%
• YTD: 18.69%
• 1Y: 38.28%
• 3Y*: 25.77%
• 5Y*: 15.34%
• 10Y*: 11.07%

*Multi-year figures are annualized to reflect compound growth (CAGR)

COPY vs. GVAL - Yearly Performance Comparison

	2026 (YTD)	2025	2024
COPY Tweedy, Browne Insider + Value ETF	18.84%	29.52%	0.05%
GVAL Cambria Global Value ETF	18.69%	55.87%	-0.22%

Correlation

The correlation between COPY and GVAL is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.67
Correlation (All Time) Calculated using the full available price history since Dec 27, 2024	0.69

The correlation between COPY and GVAL has been stable across timeframes, ranging from 0.67 to 0.69 - a consistent structural relationship.

Return for Risk

COPY vs. GVAL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

COPY

COPY Risk / Return Rank: 86
COPY Sharpe Ratio Rank: 89
COPY Sortino Ratio Rank: 90
COPY Omega Ratio Rank: 87
COPY Calmar Ratio Rank: 81
COPY Martin Ratio Rank: 84

GVAL

GVAL Risk / Return Rank: 86
GVAL Sharpe Ratio Rank: 91
GVAL Sortino Ratio Rank: 89
GVAL Omega Ratio Rank: 88
GVAL Calmar Ratio Rank: 80
GVAL Martin Ratio Rank: 81

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.

COPY vs. GVAL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tweedy, Browne Insider + Value ETF (COPY) and Cambria Global Value ETF (GVAL). 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.

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.

	COPY	GVAL	Difference
Sharpe ratio: Return per unit of total volatility	2.37	2.45	-0.08
Sortino ratio: Return per unit of downside risk	3.45	3.28	+0.18
Omega ratio: Gain probability vs. loss probability	1.42	1.43	-0.01
Calmar ratio: Return relative to maximum drawdown	3.43	3.34	+0.08
Martin ratio: Return relative to average drawdown	13.14	12.37	+0.77

COPY vs. GVAL - Sharpe Ratio Comparison

The current COPY Sharpe Ratio is 2.37, which is comparable to the GVAL Sharpe Ratio of 2.45. The chart below compares the historical Sharpe Ratios of COPY and GVAL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

COPY vs. GVAL - Drawdown Comparison

The maximum COPY drawdown since its inception was -14.05%, smaller than the maximum GVAL drawdown of -46.82%. Use the drawdown chart below to compare losses from any high point for COPY and GVAL.

Drawdown Indicators

	COPY	GVAL	Difference
Max Drawdown Largest peak-to-trough decline	-14.05%	-46.82%	+32.77%
Max Drawdown (1Y) Largest decline over 1 year	-9.07%	-11.50%	+2.43%
Max Drawdown (3Y) Largest decline over 3 years	—	-15.72%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-30.83%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-46.82%	—
Current Drawdown Current decline from peak	0.00%	-1.23%	+1.23%
Average Drawdown Average peak-to-trough decline	-1.52%	-13.77%	+12.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.36%	3.10%	-0.74%

Volatility

COPY vs. GVAL - Volatility Comparison

The current volatility for Tweedy, Browne Insider + Value ETF (COPY) is 2.50%, while Cambria Global Value ETF (GVAL) has a volatility of 4.44%. This indicates that COPY experiences smaller price fluctuations and is considered to be less risky than GVAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	COPY	GVAL	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.50%	4.44%	-1.94%
Volatility (6M) Calculated over the trailing 6-month period	10.24%	14.08%	-3.84%
Volatility (1Y) Calculated over the trailing 1-year period	13.12%	15.70%	-2.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.98%	18.61%	-1.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.98%	18.97%	-1.99%

COPY vs. GVAL - Expense Ratio Comparison

COPY has a 0.80% expense ratio, which is higher than GVAL's 0.64% expense ratio.

Dividends

COPY vs. GVAL - Dividend Comparison

COPY's dividend yield for the trailing twelve months is around 0.80%, less than GVAL's 2.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
COPY Tweedy, Browne Insider + Value ETF	0.80%	0.95%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GVAL Cambria Global Value ETF	2.41%	2.93%	4.75%	6.12%	5.05%	2.97%	1.90%	2.84%	4.65%	2.00%	2.54%	2.11%

Frequently Asked Questions

Can I hold both COPY and GVAL in my portfolio?

COPY and GVAL have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, COPY or GVAL?

GVAL has higher volatility (4.44%) compared to COPY (2.50%). In terms of maximum drawdown, COPY dropped -14.05% vs GVAL's -46.82%.

Which ETF is better, COPY or GVAL?

On 1-year performance, GVAL leads with 38.28% vs 30.93% for COPY. On fees, GVAL is cheaper at 0.64% per year. On volatility, COPY has been the lower-risk option at 2.50%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, COPY or GVAL?

Over the 1-year period, GVAL has performed better with a 38.28% return vs 30.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, COPY or GVAL?

GVAL is cheaper with a 0.64% expense ratio, compared with 0.80% for COPY.

Which ETF pays a higher dividend yield, COPY or GVAL?

GVAL has the higher dividend yield at 2.41%, compared with 0.80% for COPY.

What is the main difference between COPY and GVAL?

They also come from different issuers: Tweedy, Browne and Cambria. Their fees differ too: 0.80% for COPY and 0.64% for GVAL.

Which has better risk-adjusted returns?

GVAL currently has the higher Sharpe Ratio (2.45 vs 2.37), 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.