GAA vs. FYLD
GAA (Cambria Global Asset Allocation ETF) and FYLD (Cambria Foreign Shareholder Yield ETF) are both exchange-traded funds - GAA is a Diversified Portfolio fund actively managed by Cambria, while FYLD is a Global Equities fund actively managed by Cambria. Both are actively managed. Over the past 10 years, GAA returned 7.57%/yr vs 11.87%/yr for FYLD. A 0.62 correlation means they provide meaningful diversification when combined. GAA charges 0.41%/yr vs 0.59%/yr for FYLD.
Performance
GAA vs. FYLD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GAA achieves a 6.98% return, which is significantly lower than FYLD's 16.00% return. Over the past 10 years, GAA has underperformed FYLD with an annualized return of 7.57%, while FYLD has yielded a comparatively higher 11.87% 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%
FYLD
- 1D
- -1.30%
- 1M
- -2.27%
- YTD
- 16.00%
- 6M
- 16.03%
- 1Y
- 35.30%
- 3Y*
- 21.72%
- 5Y*
- 11.36%
- 10Y*
- 11.87%
GAA vs. FYLD - 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% |
FYLD Cambria Foreign Shareholder Yield ETF | 16.00% | 34.53% | 3.00% | 13.18% | -5.53% | 18.67% | 4.17% | 17.83% | -14.47% | 29.81% |
Correlation
The correlation between GAA and FYLD is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2014 | 0.62 |
The correlation between GAA and FYLD has been stable across timeframes, ranging from 0.55 to 0.62 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GAA vs. FYLD — Risk / Return Rank
GAA
FYLD
GAA vs. FYLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cambria Global Asset Allocation ETF (GAA) and Cambria Foreign Shareholder Yield ETF (FYLD). 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 | FYLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.07 | ||
| Sortino ratioReturn per unit of downside risk | -1.46 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.52 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.10 | 6.52 | -3.43 |
| Martin ratioReturn relative to average drawdown | 11.58 | 22.40 | -10.83 |
Loading charts...
Drawdowns
GAA vs. FYLD - Drawdown Comparison
The maximum GAA drawdown since its inception was -26.57%, smaller than the maximum FYLD drawdown of -44.55%. Use the drawdown chart below to compare losses from any high point for GAA and FYLD.
Loading charts...
Drawdown Indicators
| GAA | FYLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.57% | -44.55% | +17.98% |
Max Drawdown (1Y)Largest decline over 1 year | -5.78% | -5.44% | -0.34% |
Max Drawdown (3Y)Largest decline over 3 years | -7.18% | -15.15% | +7.97% |
Max Drawdown (5Y)Largest decline over 5 years | -18.47% | -25.12% | +6.65% |
Max Drawdown (10Y)Largest decline over 10 years | -26.57% | -44.55% | +17.98% |
Current DrawdownCurrent decline from peak | -2.85% | -3.62% | +0.77% |
Average DrawdownAverage peak-to-trough decline | -3.84% | -8.80% | +4.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.54% | 1.58% | -0.04% |
Volatility
GAA vs. FYLD - Volatility Comparison
The current volatility for Cambria Global Asset Allocation ETF (GAA) is 3.96%, while Cambria Foreign Shareholder Yield ETF (FYLD) has a volatility of 4.20%. This indicates that GAA experiences smaller price fluctuations and is considered to be less risky than FYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| GAA | FYLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.96% | 4.20% | -0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 8.16% | 9.44% | -1.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.56% | 12.04% | -2.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.37% | 16.26% | -4.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.12% | 17.83% | -6.71% |
GAA vs. FYLD - Expense Ratio Comparison
GAA has a 0.41% expense ratio, which is lower than FYLD's 0.59% expense ratio.
Dividends
GAA vs. FYLD - Dividend Comparison
GAA's dividend yield for the trailing twelve months is around 3.67%, more than FYLD's 3.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FYLD Cambria Foreign Shareholder Yield ETF | 3.47% | 4.07% | 5.41% | 6.06% | 6.13% | 4.74% | 3.94% | 3.73% | 5.17% | 2.85% | 2.72% | 3.98% |
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 FYLD have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FYLD has higher volatility (4.20%) compared to GAA (3.96%). In terms of maximum drawdown, GAA dropped -26.57% vs FYLD's -44.55%.
On 10-year performance, FYLD leads with 11.87% vs 7.57% for GAA. On fees, GAA is cheaper at 0.41% per year. On volatility, GAA has been the lower-risk option at 3.96%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, FYLD has performed better with a 11.87% return vs 7.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GAA is cheaper with a 0.41% expense ratio, compared with 0.59% for FYLD.
GAA has the higher dividend yield at 3.67%, compared with 3.47% for FYLD.
GAA is categorized as Diversified Portfolio, while FYLD is Global Equities. Their fees differ too: 0.41% for GAA and 0.59% for FYLD.
FYLD currently has the higher Sharpe Ratio (2.95 vs 1.87), 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.
Find the right allocation for GAA and FYLD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer