ENDW vs. GDMA

Last updated Jun 4, 2026

ENDW (Cambria Endowment Style ETF) and GDMA (Gadsden Dynamic Multi-Asset ETF) are both exchange-traded funds - ENDW is a Global Allocation fund actively managed by Cambria, while GDMA is a Hedge Fund fund actively managed by Gadsden. Both are actively managed. Over the past year, ENDW returned 27.79% vs 32.26% for GDMA. A 0.66 correlation means they provide meaningful diversification when combined. ENDW charges 0.29%/yr vs 0.77%/yr for GDMA.

Performance

ENDW vs. GDMA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cambria Endowment Style ETF (ENDW) and Gadsden Dynamic Multi-Asset ETF (GDMA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with ENDW having a 10.76% return and GDMA slightly higher at 11.18%.

ENDW

• 1D: -0.63%
• 1M: 1.86%
• YTD: 10.76%
• 6M: 11.08%
• 1Y: 27.79%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GDMA

• 1D: 0.30%
• 1M: 1.83%
• YTD: 11.18%
• 6M: 14.08%
• 1Y: 32.26%
• 3Y*: 16.91%
• 5Y*: 7.66%
• 10Y*: —

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

ENDW vs. GDMA - Yearly Performance Comparison

	2026 (YTD)	2025
ENDW Cambria Endowment Style ETF	10.76%	30.77%
GDMA Gadsden Dynamic Multi-Asset ETF	11.18%	28.56%

Correlation

The correlation between ENDW and GDMA is 0.68, 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	0.68
Correlation (All Time) Calculated using the full available price history since Apr 11, 2025	0.66

The correlation between ENDW and GDMA has been stable across timeframes, ranging from 0.66 to 0.68 - a consistent structural relationship.

ENDW vs. GDMA - Sectors Allocation Comparison

Sectors	ENDW	GDMA
Financial Services	17.5%	14.5%
Technology	13.9%	23.4%
Industrials	13.9%	14.4%
Energy	13.2%	10.0%
Consumer Cyclical	9.6%	8.8%
Real Estate	9.1%	1.6%
Basic Materials	6.2%	9.0%
Communication Services	4.6%	7.0%
Healthcare	4.6%	5.5%
Consumer Defensive	4.0%	3.5%
Utilities	3.5%	2.4%

Return for Risk

ENDW vs. GDMA — Risk / Return Rank

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

ENDW

ENDW Risk / Return Rank: 83
ENDW Sharpe Ratio Rank: 84
ENDW Sortino Ratio Rank: 83
ENDW Omega Ratio Rank: 82
ENDW Calmar Ratio Rank: 82
ENDW Martin Ratio Rank: 85

GDMA

GDMA Risk / Return Rank: 74
GDMA Sharpe Ratio Rank: 75
GDMA Sortino Ratio Rank: 70
GDMA Omega Ratio Rank: 77
GDMA Calmar Ratio Rank: 82
GDMA Martin Ratio Rank: 65

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.

ENDW vs. GDMA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cambria Endowment Style ETF (ENDW) and Gadsden Dynamic Multi-Asset ETF (GDMA). 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.

	ENDW	GDMA	Difference
Sharpe ratio: Return per unit of total volatility	2.76	2.47	+0.29
Sortino ratio: Return per unit of downside risk	3.75	3.21	+0.54
Omega ratio: Gain probability vs. loss probability	1.50	1.47	+0.03
Calmar ratio: Return relative to maximum drawdown	4.34	4.30	+0.04
Martin ratio: Return relative to average drawdown	17.69	11.92	+5.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ENDW vs. GDMA - Sharpe Ratio Comparison

The current ENDW Sharpe Ratio is 2.76, which is comparable to the GDMA Sharpe Ratio of 2.47. The chart below compares the historical Sharpe Ratios of ENDW and GDMA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ENDW	GDMA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.76	2.47	+0.29
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.80	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.50	0.89	+2.61

Drawdowns

ENDW vs. GDMA - Drawdown Comparison

The maximum ENDW drawdown since its inception was -6.44%, smaller than the maximum GDMA drawdown of -16.66%. Use the drawdown chart below to compare losses from any high point for ENDW and GDMA.

Drawdown Indicators

	ENDW	GDMA	Difference
Max Drawdown Largest peak-to-trough decline	-6.44%	-16.66%	+10.22%
Max Drawdown (1Y) Largest decline over 1 year	-6.44%	-7.53%	+1.09%
Max Drawdown (3Y) Largest decline over 3 years	—	-7.53%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-12.74%	—
Current Drawdown Current decline from peak	-0.63%	-1.06%	+0.43%
Average Drawdown Average peak-to-trough decline	-0.81%	-3.78%	+2.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.57%	2.71%	-1.14%

Volatility

ENDW vs. GDMA - Volatility Comparison

The current volatility for Cambria Endowment Style ETF (ENDW) is 2.78%, while Gadsden Dynamic Multi-Asset ETF (GDMA) has a volatility of 6.18%. This indicates that ENDW experiences smaller price fluctuations and is considered to be less risky than GDMA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ENDW	GDMA	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.78%	6.18%	-3.40%
Volatility (6M) Calculated over the trailing 6-month period	7.62%	10.03%	-2.41%
Volatility (1Y) Calculated over the trailing 1-year period	10.13%	13.12%	-2.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.00%	9.67%	+1.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.00%	10.97%	+0.03%

ENDW vs. GDMA - Expense Ratio Comparison

ENDW has a 0.29% expense ratio, which is lower than GDMA's 0.77% expense ratio.

Dividends

ENDW vs. GDMA - Dividend Comparison

ENDW's dividend yield for the trailing twelve months is around 2.18%, less than GDMA's 2.51% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
ENDW Cambria Endowment Style ETF	2.18%	1.91%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GDMA Gadsden Dynamic Multi-Asset ETF	2.51%	2.79%	2.32%	4.14%	1.18%	2.10%	0.62%	3.17%

Frequently Asked Questions

Can I hold both ENDW and GDMA in my portfolio?

ENDW and GDMA have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ENDW or GDMA?

GDMA has higher volatility (6.18%) compared to ENDW (2.78%). In terms of maximum drawdown, ENDW dropped -6.44% vs GDMA's -16.66%.

Which ETF is better, ENDW or GDMA?

On 1-year performance, GDMA leads with 32.26% vs 27.79% for ENDW. On fees, ENDW is cheaper at 0.29% per year. On volatility, ENDW has been the lower-risk option at 2.78%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ENDW or GDMA?

Over the 1-year period, GDMA has performed better with a 32.26% return vs 27.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ENDW or GDMA?

ENDW is cheaper with a 0.29% expense ratio, compared with 0.77% for GDMA.

Which ETF pays a higher dividend yield, ENDW or GDMA?

GDMA has the higher dividend yield at 2.51%, compared with 2.18% for ENDW.

What is the main difference between ENDW and GDMA?

ENDW is categorized as Global Allocation, while GDMA is Hedge Fund. They also come from different issuers: Cambria and Gadsden. Their fees differ too: 0.29% for ENDW and 0.77% for GDMA.

Which has better risk-adjusted returns?

ENDW currently has the higher Sharpe Ratio (2.76 vs 2.47), 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.