Correlation
The correlation between GAA and SWOBX 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. SWOBX
Compare and contrast key facts about Cambria Global Asset Allocation ETF (GAA) and Schwab Balanced Fund™ (SWOBX).
GAA is an actively managed fund by Cambria. It was launched on Dec 9, 2014. SWOBX is managed by Charles Schwab. It was launched on Nov 17, 1996.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GAA or SWOBX.
Performance
GAA vs. SWOBX - Performance Comparison
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Key characteristics
GAA:
0.70
SWOBX:
0.40
GAA:
0.81
SWOBX:
0.55
GAA:
1.11
SWOBX:
1.08
GAA:
0.80
SWOBX:
0.25
GAA:
2.64
SWOBX:
0.97
GAA:
2.18%
SWOBX:
4.31%
GAA:
10.28%
SWOBX:
12.48%
GAA:
-26.57%
SWOBX:
-41.47%
GAA:
-0.41%
SWOBX:
-8.00%
Returns By Period
In the year-to-date period, GAA achieves a 4.86% return, which is significantly higher than SWOBX's 0.66% return. Over the past 10 years, GAA has outperformed SWOBX with an annualized return of 5.27%, while SWOBX has yielded a comparatively lower 3.00% annualized return.
GAA
4.86%
2.65%
1.89%
6.94%
5.58%
8.15%
5.27%
SWOBX
0.66%
3.70%
-2.67%
4.42%
3.88%
4.03%
3.00%
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GAA vs. SWOBX - Expense Ratio Comparison
GAA has a 0.41% expense ratio, which is higher than SWOBX's 0.00% expense ratio.
Risk-Adjusted Performance
GAA vs. SWOBX — Risk-Adjusted Performance Rank
GAA
SWOBX
GAA vs. SWOBX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Cambria Global Asset Allocation ETF (GAA) and Schwab Balanced Fund™ (SWOBX). 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. SWOBX - Dividend Comparison
GAA's dividend yield for the trailing twelve months is around 4.08%, less than SWOBX's 4.91% 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% |
SWOBX Schwab Balanced Fund™ | 4.91% | 4.94% | 5.69% | 10.21% | 6.47% | 2.97% | 5.21% | 7.11% | 3.20% | 7.82% | 7.67% | 5.05% |
Drawdowns
GAA vs. SWOBX - Drawdown Comparison
The maximum GAA drawdown since its inception was -26.57%, smaller than the maximum SWOBX drawdown of -41.47%. Use the drawdown chart below to compare losses from any high point for GAA and SWOBX.
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Volatility
GAA vs. SWOBX - Volatility Comparison
Cambria Global Asset Allocation ETF (GAA) and Schwab Balanced Fund™ (SWOBX) have volatilities of 2.51% and 2.44%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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