GDMA vs. ENDW

Last updated Aug 2, 2026

GDMA (Gadsden Dynamic Multi-Asset ETF) and ENDW (Cambria Endowment Style ETF) are both Global Allocation funds. Both are actively managed. Over the past year, GDMA returned 25.16% vs 23.92% for ENDW. Their 0.63 correlation means they have sometimes moved together and sometimes differently. GDMA charges 0.77%/yr vs 0.29%/yr for ENDW.

Performance

GDMA vs. ENDW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gadsden Dynamic Multi-Asset ETF (GDMA) and Cambria Endowment Style ETF (ENDW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GDMA achieves a 10.56% return, which is significantly lower than ENDW's 11.70% return.

GDMA

• 1D: 0.67%
• 1M: 2.38%
• 6M: 1.94%
• YTD: 10.56%
• 1Y: 25.16%
• 3Y*: 16.04%
• 5Y*: 8.45%
• 10Y*: —
• ALL TIME*: 9.45%

ENDW

• 1D: -0.02%
• 1M: 2.13%
• 6M: 7.33%
• YTD: 11.70%
• 1Y: 23.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 32.47%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ENDW Cambria Endowment Style ETF	$325.14K	$520.31K	$391.83K
GDMA Gadsden Dynamic Multi-Asset ETF	$1.65M	$1.00M	$708.66K

GDMA vs. ENDW - Yearly Performance Comparison

	2026 (YTD)	2025
GDMA Gadsden Dynamic Multi-Asset ETF	10.56%	27.61%
ENDW Cambria Endowment Style ETF	11.70%	29.25%

Correlation

The correlation between GDMA and ENDW is 0.64, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.64
Correlation (All Time) Calculated using the full available price history since Apr 10, 2025	0.63

The correlation between GDMA and ENDW has been stable across timeframes, ranging from 0.63 to 0.64 - a consistent structural relationship.

Return for Risk

GDMA vs. ENDW — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GDMA

GDMA Risk / Return Rank: 67
GDMA Sharpe Ratio Rank: 64
GDMA Sortino Ratio Rank: 58
GDMA Omega Ratio Rank: 68
GDMA Calmar Ratio Rank: 84
GDMA Martin Ratio Rank: 61

ENDW

ENDW Risk / Return Rank: 88
ENDW Sharpe Ratio Rank: 89
ENDW Sortino Ratio Rank: 87
ENDW Omega Ratio Rank: 88
ENDW Calmar Ratio Rank: 88
ENDW Martin Ratio Rank: 89

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GDMA vs. ENDW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gadsden Dynamic Multi-Asset ETF (GDMA) and Cambria Endowment Style ETF (ENDW). 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.

	GDMA	ENDW	Difference
Sharpe ratio: Return per unit of total volatility	1.49	2.18	-0.69
Sortino ratio: Return per unit of downside risk	1.97	2.95	-0.99
Omega ratio: Gain probability vs. loss probability	1.28	1.39	-0.11
Calmar ratio: Return relative to maximum drawdown	3.12	3.54	-0.42
Martin ratio: Return relative to average drawdown	7.24	13.68	-6.44

GDMA vs. ENDW - Sharpe Ratio Comparison

The current GDMA Sharpe Ratio is 1.49, which is lower than the ENDW Sharpe Ratio of 2.18. The chart below compares the historical Sharpe Ratios of GDMA and ENDW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GDMA vs. ENDW - Drawdown Comparison

The maximum GDMA drawdown since its inception was -16.66%, which is greater than ENDW's maximum drawdown of -6.44%. Use the drawdown chart below to compare losses from any high point for GDMA and ENDW.

Drawdown Indicators

	GDMA	ENDW	Difference
Max Drawdown Largest peak-to-trough decline	-16.66%	-6.44%	-10.22%
Max Drawdown (1Y) Largest decline over 1 year	-7.53%	-6.44%	-1.09%
Max Drawdown (3Y) Largest decline over 3 years	-7.53%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-12.74%	—	—
Current Drawdown Current decline from peak	-3.21%	-0.14%	-3.07%
Average Drawdown Average peak-to-trough decline	-3.79%	-0.86%	-2.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.24%	1.66%	+1.58%

Volatility

GDMA vs. ENDW - Volatility Comparison

Gadsden Dynamic Multi-Asset ETF (GDMA) has a higher volatility of 3.27% compared to Cambria Endowment Style ETF (ENDW) at 2.46%. This indicates that GDMA's price experiences larger fluctuations and is considered to be riskier than ENDW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GDMA	ENDW	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.27%	2.46%	+0.81%
Volatility (6M) Calculated over the trailing 6-month period	13.20%	8.14%	+5.06%
Volatility (1Y) Calculated over the trailing 1-year period	15.80%	10.48%	+5.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.24%	11.02%	-0.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.39%	11.02%	+0.37%

GDMA vs. ENDW - Expense Ratio Comparison

GDMA has a 0.77% expense ratio, which is higher than ENDW's 0.29% expense ratio.

Dividends

GDMA vs. ENDW - Dividend Comparison

GDMA's dividend yield for the trailing twelve months is around 2.53%, more than ENDW's 2.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
ENDW Cambria Endowment Style ETF	2.44%	1.91%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GDMA Gadsden Dynamic Multi-Asset ETF	2.53%	2.79%	2.32%	4.14%	1.18%	2.10%	0.62%	3.17%

Frequently Asked Questions

Can I hold both GDMA and ENDW in my portfolio?

GDMA and ENDW have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GDMA or ENDW?

GDMA has higher volatility (3.27%) compared to ENDW (2.46%). In terms of maximum drawdown, GDMA dropped -16.66% vs ENDW's -6.44%.

Which ETF is better, GDMA or ENDW?

On 1-year performance, GDMA leads with 25.16% vs 23.92% for ENDW. On fees, ENDW is cheaper at 0.29% per year. On volatility, ENDW has been the lower-risk option at 2.46%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GDMA or ENDW?

Over the 1-year period, GDMA has performed better with a 25.16% return vs 23.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GDMA or ENDW?

ENDW is cheaper with a 0.29% expense ratio, compared with 0.77% for GDMA.

Which ETF pays a higher dividend yield, GDMA or ENDW?

GDMA has the higher dividend yield at 2.53%, compared with 2.44% for ENDW.

What is the main difference between GDMA and ENDW?

They also come from different issuers: Gadsden and Cambria. Their fees differ too: 0.77% for GDMA and 0.29% for ENDW.

Which has better risk-adjusted returns?

ENDW currently has the higher Sharpe Ratio (2.18 vs 1.49), 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.