Correlation
The correlation between GAA and PMYYX is 0.57, 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.
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.
Performance
GAA vs. PMYYX - Performance Comparison
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Key characteristics
GAA:
0.70
PMYYX:
0.53
GAA:
0.81
PMYYX:
0.78
GAA:
1.11
PMYYX:
1.11
GAA:
0.80
PMYYX:
0.48
GAA:
2.64
PMYYX:
1.79
GAA:
2.18%
PMYYX:
5.06%
GAA:
10.28%
PMYYX:
19.56%
GAA:
-26.57%
PMYYX:
-35.25%
GAA:
-0.41%
PMYYX:
-6.05%
Returns By Period
In the year-to-date period, GAA achieves a 4.86% return, which is significantly higher than PMYYX's -2.15% return. Over the past 10 years, GAA has underperformed PMYYX with an annualized return of 5.27%, while PMYYX has yielded a comparatively higher 12.75% annualized return.
GAA
4.86%
2.65%
1.89%
6.94%
5.58%
8.15%
5.27%
PMYYX
-2.15%
5.70%
-3.76%
9.46%
16.17%
18.11%
12.75%
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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 Rank
GAA
PMYYX
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.
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Dividends
GAA vs. PMYYX - Dividend Comparison
GAA's dividend yield for the trailing twelve months is around 4.08%, less than PMYYX's 4.56% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GAA Cambria Global Asset Allocation ETF | 4.08% | 3.88% | 3.73% | 6.05% | 4.21% | 2.73% | 3.32% | 3.00% | 2.35% | 2.81% | 2.49% | 0.57% |
PMYYX Putnam Multi-Cap Core Fund | 4.56% | 4.47% | 2.62% | 5.26% | 9.25% | 2.41% | 5.48% | 2.36% | 2.71% | 1.21% | 1.26% | 1.71% |
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.
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Volatility
GAA vs. PMYYX - Volatility Comparison
The current volatility for Cambria Global Asset Allocation ETF (GAA) is 2.51%, while Putnam Multi-Cap Core Fund (PMYYX) has a volatility of 4.72%. 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.
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