GAA vs. TLT
Compare and contrast key facts about Cambria Global Asset Allocation ETF (GAA) and iShares 20+ Year Treasury Bond ETF (TLT).
GAA and TLT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GAA is an actively managed fund by Cambria. It was launched on Dec 9, 2014. TLT is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 20+ Year Treasury Bond Index. It was launched on Jul 26, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GAA or TLT.
Key characteristics
| GAA | TLT | |
|---|---|---|
| YTD Return | 4.23% | -6.89% |
| 1Y Return | 11.50% | -8.60% |
| 3Y Return (Ann) | 1.63% | -10.46% |
| 5Y Return (Ann) | 6.00% | -4.11% |
| Sharpe Ratio | 1.14 | -0.58 |
| Daily Std Dev | 10.57% | 16.60% |
| Max Drawdown | -26.57% | -48.35% |
| Current Drawdown | -1.27% | -41.98% |
Correlation
The correlation between GAA and TLT is -0.02. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
GAA vs. TLT - Performance Comparison
In the year-to-date period, GAA achieves a 4.23% return, which is significantly higher than TLT's -6.89% 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. TLT - Expense Ratio Comparison
GAA has a 0.41% expense ratio, which is higher than TLT's 0.15% expense ratio.
Risk-Adjusted Performance
GAA vs. TLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Cambria Global Asset Allocation ETF (GAA) and iShares 20+ Year Treasury Bond ETF (TLT). 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. TLT - Dividend Comparison
GAA's dividend yield for the trailing twelve months is around 3.64%, less than TLT's 3.86% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GAA Cambria Global Asset Allocation ETF | 3.64% | 3.73% | 6.05% | 4.21% | 2.73% | 3.32% | 3.01% | 2.36% | 2.82% | 2.49% | 0.57% | 0.00% |
TLT iShares 20+ Year Treasury Bond ETF | 3.86% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% | 2.67% | 3.26% |
Drawdowns
GAA vs. TLT - Drawdown Comparison
The maximum GAA drawdown since its inception was -26.57%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for GAA and TLT. For additional features, visit the drawdowns tool.
Volatility
GAA vs. TLT - Volatility Comparison
The current volatility for Cambria Global Asset Allocation ETF (GAA) is 2.53%, while iShares 20+ Year Treasury Bond ETF (TLT) has a volatility of 2.91%. This indicates that GAA experiences smaller price fluctuations and is considered to be less risky than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.