GEW vs. KLMT
GEW (Cambria Global Equal Weight ETF) and KLMT (Invesco MSCI Global Climate 500 ETF) are both Global Equities funds. GEW is actively managed, while KLMT is passively managed. Their correlation of 0.91 suggests significant overlap in exposure. GEW charges 0.29%/yr vs 0.10%/yr for KLMT.
Performance
GEW vs. KLMT - Performance Comparison
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Returns By Period
In the year-to-date period, GEW achieves a 5.53% return, which is significantly lower than KLMT's 9.02% return.
GEW
- 1D
- -2.37%
- 1M
- -0.98%
- YTD
- 5.53%
- 6M
- 6.22%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KLMT
- 1D
- -3.02%
- 1M
- -0.58%
- YTD
- 9.02%
- 6M
- 9.54%
- 1Y
- 24.56%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GEW vs. KLMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GEW Cambria Global Equal Weight ETF | 5.53% | 3.77% |
KLMT Invesco MSCI Global Climate 500 ETF | 9.02% | 3.48% |
Correlation
The correlation between GEW and KLMT is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 25, 2025 | 0.91 |
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Return for Risk
GEW vs. KLMT — Risk / Return Rank
GEW
KLMT
GEW vs. KLMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cambria Global Equal Weight ETF (GEW) and Invesco MSCI Global Climate 500 ETF (KLMT). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| GEW | KLMT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.90 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.95 | 1.16 | -0.21 |
Drawdowns
GEW vs. KLMT - Drawdown Comparison
The maximum GEW drawdown since its inception was -8.15%, smaller than the maximum KLMT drawdown of -16.87%. Use the drawdown chart below to compare losses from any high point for GEW and KLMT.
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Drawdown Indicators
| GEW | KLMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.15% | -16.87% | +8.72% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.54% | — |
Current DrawdownCurrent decline from peak | -2.37% | -3.45% | +1.08% |
Average DrawdownAverage peak-to-trough decline | -1.34% | -1.91% | +0.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.20% | — |
Volatility
GEW vs. KLMT - Volatility Comparison
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Volatility by Period
| GEW | KLMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.47% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 10.55% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 14.80% | 12.99% | +1.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.80% | 15.97% | -1.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.80% | 15.97% | -1.17% |
GEW vs. KLMT - Expense Ratio Comparison
GEW has a 0.29% expense ratio, which is higher than KLMT's 0.10% expense ratio.
Dividends
GEW vs. KLMT - Dividend Comparison
GEW's dividend yield for the trailing twelve months is around 0.98%, less than KLMT's 1.80% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
GEW Cambria Global Equal Weight ETF | 0.98% | 0.43% | 0.00% |
KLMT Invesco MSCI Global Climate 500 ETF | 1.80% | 1.95% | 0.85% |
Frequently Asked Questions
With a correlation of 0.91, GEW and KLMT move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, KLMT is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
KLMT is cheaper with a 0.10% expense ratio, compared with 0.29% for GEW.
KLMT has the higher dividend yield at 1.80%, compared with 0.98% for GEW.
They also come from different issuers: Cambria and Invesco. Their fees differ too: 0.29% for GEW and 0.10% for KLMT.
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