GAA vs. PMYYX
Compare and contrast key facts about Cambria Global Asset Allocation ETF (GAA) and Putnam Multi-Cap Core Fund (PMYYX).
GAA is an actively managed fund by Cambria. It was launched on Dec 9, 2014. PMYYX is managed by Putnam. It was launched on Sep 24, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GAA or PMYYX.
Key characteristics
| GAA | PMYYX | |
|---|---|---|
| YTD Return | 9.44% | 29.27% |
| 1Y Return | 17.91% | 39.30% |
| 3Y Return (Ann) | 1.95% | 6.61% |
| 5Y Return (Ann) | 5.99% | 13.06% |
| Sharpe Ratio | 1.80 | 3.07 |
| Sortino Ratio | 2.57 | 4.05 |
| Omega Ratio | 1.32 | 1.57 |
| Calmar Ratio | 1.75 | 2.91 |
| Martin Ratio | 12.02 | 20.51 |
| Ulcer Index | 1.51% | 1.86% |
| Daily Std Dev | 10.11% | 12.46% |
| Max Drawdown | -26.57% | -35.25% |
| Current Drawdown | -1.18% | 0.00% |
Correlation
The correlation between GAA and PMYYX is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
GAA vs. PMYYX - Performance Comparison
In the year-to-date period, GAA achieves a 9.44% return, which is significantly lower than PMYYX's 29.27% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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GAA vs. PMYYX - Expense Ratio Comparison
GAA has a 0.41% expense ratio, which is lower than PMYYX's 0.71% expense ratio.
Risk-Adjusted Performance
GAA vs. PMYYX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Cambria Global Asset Allocation ETF (GAA) and Putnam Multi-Cap Core Fund (PMYYX). 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.
Dividends
GAA vs. PMYYX - Dividend Comparison
GAA's dividend yield for the trailing twelve months is around 4.52%, more than PMYYX's 0.74% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GAA Cambria Global Asset Allocation ETF | 4.52% | 3.73% | 6.05% | 4.21% | 2.73% | 3.32% | 3.00% | 2.35% | 2.81% | 2.49% | 0.57% | 0.00% |
PMYYX Putnam Multi-Cap Core Fund | 0.74% | 0.95% | 0.32% | 0.99% | 1.07% | 1.74% | 0.00% | 1.44% | 1.21% | 2.29% | 2.15% | 10.12% |
Drawdowns
GAA vs. PMYYX - Drawdown Comparison
The maximum GAA drawdown since its inception was -26.57%, smaller than the maximum PMYYX drawdown of -35.25%. Use the drawdown chart below to compare losses from any high point for GAA and PMYYX. For additional features, visit the drawdowns tool.
Volatility
GAA vs. PMYYX - Volatility Comparison
The current volatility for Cambria Global Asset Allocation ETF (GAA) is 2.87%, while Putnam Multi-Cap Core Fund (PMYYX) has a volatility of 4.13%. This indicates that GAA experiences smaller price fluctuations and is considered to be less risky than PMYYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.