GAA vs. AOK
GAA (Cambria Global Asset Allocation ETF) and AOK (iShares Core 30/70 Conservative Allocation ETF) are both Diversified Portfolio funds. GAA is actively managed, while AOK is passively managed. Over the past 10 years, GAA returned 7.57%/yr vs 5.20%/yr for AOK. A 0.59 correlation means they provide meaningful diversification when combined. GAA charges 0.41%/yr vs 0.15%/yr for AOK.
Performance
GAA vs. AOK - Performance Comparison
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Returns By Period
In the year-to-date period, GAA achieves a 6.98% return, which is significantly higher than AOK's 3.83% return. Over the past 10 years, GAA has outperformed AOK with an annualized return of 7.57%, while AOK has yielded a comparatively lower 5.20% annualized return.
GAA
- 1D
- -2.33%
- 1M
- -1.58%
- YTD
- 6.98%
- 6M
- 7.10%
- 1Y
- 17.83%
- 3Y*
- 13.29%
- 5Y*
- 6.12%
- 10Y*
- 7.57%
AOK
- 1D
- -0.58%
- 1M
- 0.30%
- YTD
- 3.83%
- 6M
- 3.39%
- 1Y
- 11.04%
- 3Y*
- 9.03%
- 5Y*
- 3.59%
- 10Y*
- 5.20%
GAA vs. AOK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GAA Cambria Global Asset Allocation ETF | 6.98% | 18.76% | 6.67% | 7.65% | -8.47% | 11.17% | 9.11% | 15.12% | -7.15% | 15.11% |
AOK iShares Core 30/70 Conservative Allocation ETF | 3.83% | 11.26% | 6.58% | 10.85% | -14.16% | 4.87% | 9.33% | 13.90% | -3.09% | 9.70% |
Correlation
The correlation between GAA and AOK is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2014 | 0.59 |
The correlation between GAA and AOK has been stable across timeframes, ranging from 0.55 to 0.59 - a consistent structural relationship.
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Return for Risk
GAA vs. AOK — Risk / Return Rank
GAA
AOK
GAA vs. AOK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cambria Global Asset Allocation ETF (GAA) and iShares Core 30/70 Conservative Allocation ETF (AOK). 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.
| GAA | AOK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.35 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.10 | 2.46 | +0.63 |
| Martin ratioReturn relative to average drawdown | 11.58 | 10.37 | +1.20 |
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Drawdowns
GAA vs. AOK - Drawdown Comparison
The maximum GAA drawdown since its inception was -26.57%, which is greater than AOK's maximum drawdown of -18.94%. Use the drawdown chart below to compare losses from any high point for GAA and AOK.
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Drawdown Indicators
| GAA | AOK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.57% | -18.94% | -7.63% |
Max Drawdown (1Y)Largest decline over 1 year | -5.78% | -4.50% | -1.28% |
Max Drawdown (3Y)Largest decline over 3 years | -7.18% | -6.37% | -0.81% |
Max Drawdown (5Y)Largest decline over 5 years | -18.47% | -18.94% | +0.47% |
Max Drawdown (10Y)Largest decline over 10 years | -26.57% | -18.94% | -7.63% |
Current DrawdownCurrent decline from peak | -2.85% | -0.82% | -2.03% |
Average DrawdownAverage peak-to-trough decline | -3.84% | -2.36% | -1.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.54% | 1.07% | +0.47% |
Volatility
GAA vs. AOK - Volatility Comparison
Cambria Global Asset Allocation ETF (GAA) has a higher volatility of 3.96% compared to iShares Core 30/70 Conservative Allocation ETF (AOK) at 2.25%. This indicates that GAA's price experiences larger fluctuations and is considered to be riskier than AOK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GAA | AOK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.96% | 2.25% | +1.71% |
Volatility (6M)Calculated over the trailing 6-month period | 8.16% | 4.85% | +3.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.56% | 6.01% | +3.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.37% | 7.15% | +4.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.12% | 6.72% | +4.40% |
GAA vs. AOK - Expense Ratio Comparison
GAA has a 0.41% expense ratio, which is higher than AOK's 0.15% expense ratio.
Dividends
GAA vs. AOK - Dividend Comparison
GAA's dividend yield for the trailing twelve months is around 3.67%, more than AOK's 3.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOK iShares Core 30/70 Conservative Allocation ETF | 3.29% | 3.28% | 3.23% | 2.93% | 2.25% | 1.55% | 2.10% | 2.71% | 2.68% | 2.91% | 2.14% | 2.02% |
GAA Cambria Global Asset Allocation ETF | 3.67% | 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
GAA and AOK have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GAA has higher volatility (3.96%) compared to AOK (2.25%). In terms of maximum drawdown, GAA dropped -26.57% vs AOK's -18.94%.
On 10-year performance, GAA leads with 7.57% vs 5.20% for AOK. On fees, AOK is cheaper at 0.15% per year. On volatility, AOK has been the lower-risk option at 2.25%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, GAA has performed better with a 7.57% return vs 5.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AOK is cheaper with a 0.15% expense ratio, compared with 0.41% for GAA.
GAA has the higher dividend yield at 3.67%, compared with 3.29% for AOK.
They also come from different issuers: Cambria and iShares. Their fees differ too: 0.41% for GAA and 0.15% for AOK.
GAA currently has the higher Sharpe Ratio (1.87 vs 1.84), 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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