GEW vs. EFAA

Last updated Aug 1, 2026

GEW (Cambria Global Equal Weight ETF) and EFAA (Invesco MSCI EAFE Income Advantage ETF) are both exchange-traded funds - GEW is a Global Equities fund actively managed by Cambria, while EFAA is a Derivative Income fund actively managed by Invesco. Both are actively managed. Their correlation of 0.85 means they have usually moved in the same direction. GEW charges 0.29%/yr vs 0.39%/yr for EFAA.

Performance

GEW vs. EFAA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cambria Global Equal Weight ETF (GEW) and Invesco MSCI EAFE Income Advantage ETF (EFAA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with GEW having a 9.33% return and EFAA slightly lower at 9.16%.

GEW

• 1D: 0.05%
• 1M: 1.30%
• 6M: 6.59%
• YTD: 9.33%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

EFAA

• 1D: -0.65%
• 1M: 1.08%
• 6M: 5.62%
• YTD: 9.16%
• 1Y: 21.12%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 14.76%

*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)
EFAA Invesco MSCI EAFE Income Advantage ETF	$3.76M	$5.97M	$4.87M
GEW Cambria Global Equal Weight ETF	$7.37K	$7.45K	$148.22K

GEW vs. EFAA - Yearly Performance Comparison

	2026 (YTD)	2025
GEW Cambria Global Equal Weight ETF	9.33%	3.68%
EFAA Invesco MSCI EAFE Income Advantage ETF	9.16%	5.05%

Correlation

The correlation between GEW and EFAA is 0.85, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 24, 2025	0.85

Return for Risk

GEW vs. EFAA — Risk / Return Rank

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

GEW

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

EFAA

EFAA Risk / Return Rank: 70
EFAA Sharpe Ratio Rank: 75
EFAA Sortino Ratio Rank: 75
EFAA Omega Ratio Rank: 75
EFAA Calmar Ratio Rank: 59
EFAA Martin Ratio Rank: 67

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.

GEW vs. EFAA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cambria Global Equal Weight ETF (GEW) and Invesco MSCI EAFE Income Advantage ETF (EFAA). 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.

	GEW	EFAA	Difference
Sharpe ratio: Return per unit of total volatility	—	1.70	—
Sortino ratio: Return per unit of downside risk	—	2.41	—
Omega ratio: Gain probability vs. loss probability	—	1.31	—
Calmar ratio: Return relative to maximum drawdown	—	2.08	—
Martin ratio: Return relative to average drawdown	—	8.13	—

Drawdowns

GEW vs. EFAA - Drawdown Comparison

The maximum GEW drawdown since its inception was -8.15%, smaller than the maximum EFAA drawdown of -11.97%. Use the drawdown chart below to compare losses from any high point for GEW and EFAA.

Drawdown Indicators

	GEW	EFAA	Difference
Max Drawdown Largest peak-to-trough decline	-8.15%	-11.97%	+3.82%
Max Drawdown (1Y) Largest decline over 1 year	—	-10.14%	—
Current Drawdown Current decline from peak	0.00%	-0.65%	+0.65%
Average Drawdown Average peak-to-trough decline	-1.26%	-1.96%	+0.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.59%	—

Volatility

Volatility by Period

	GEW	EFAA	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.45%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.83%	—
Volatility (1Y) Calculated over the trailing 1-year period	14.03%	12.45%	+1.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.03%	13.02%	+1.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.03%	13.02%	+1.01%

GEW vs. EFAA - Expense Ratio Comparison

GEW has a 0.29% expense ratio, which is lower than EFAA's 0.39% expense ratio.

Dividends

GEW vs. EFAA - Dividend Comparison

GEW's dividend yield for the trailing twelve months is around 1.24%, less than EFAA's 8.11% yield.

Position	TTM	2025	2024
EFAA Invesco MSCI EAFE Income Advantage ETF	8.11%	7.94%	3.29%
GEW Cambria Global Equal Weight ETF	1.24%	0.43%	0.00%

Frequently Asked Questions

Can I hold both GEW and EFAA in my portfolio?

GEW and EFAA have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GEW or EFAA?

On fees, GEW is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GEW or EFAA?

GEW is cheaper with a 0.29% expense ratio, compared with 0.39% for EFAA.

Which ETF pays a higher dividend yield, GEW or EFAA?

EFAA has the higher dividend yield at 8.11%, compared with 1.24% for GEW.

What is the main difference between GEW and EFAA?

GEW is categorized as Global Equities, while EFAA is Derivative Income. They also come from different issuers: Cambria and Invesco. Their fees differ too: 0.29% for GEW and 0.39% for EFAA.