GEW vs. SHEH

Last updated Aug 1, 2026

GEW (Cambria Global Equal Weight ETF) and SHEH (Shell plc ADRhedged ETF) are both exchange-traded funds - GEW is a Global Equities fund actively managed by Cambria, while SHEH is a Energy Equities fund tracking the Shell plc - Benchmark Price Return. GEW is actively managed, while SHEH is passively managed. Their -0.05 correlation means they have often moved in opposite directions in the past. GEW charges 0.29%/yr vs 0.19%/yr for SHEH.

Performance

GEW vs. SHEH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cambria Global Equal Weight ETF (GEW) and Shell plc ADRhedged ETF (SHEH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GEW achieves a 9.33% return, which is significantly lower than SHEH's 25.94% return.

GEW

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

SHEH

• 1D: 1.60%
• 1M: 16.32%
• 6M: 22.14%
• YTD: 25.94%
• 1Y: 28.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 31.67%

*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)
GEW Cambria Global Equal Weight ETF	$7.37K	$7.45K	$148.22K
SHEH Shell plc ADRhedged ETF	$787.46K	$653.61K	$317.20K

GEW vs. SHEH - Yearly Performance Comparison

	2026 (YTD)	2025
GEW Cambria Global Equal Weight ETF	9.33%	3.68%
SHEH Shell plc ADRhedged ETF	25.94%	3.82%

Correlation

The correlation between GEW and SHEH is -0.05, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 24, 2025	-0.05

Return for Risk

GEW vs. SHEH — 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.

SHEH

SHEH Risk / Return Rank: 48
SHEH Sharpe Ratio Rank: 55
SHEH Sortino Ratio Rank: 52
SHEH Omega Ratio Rank: 51
SHEH Calmar Ratio Rank: 44
SHEH Martin Ratio Rank: 40

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. SHEH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cambria Global Equal Weight ETF (GEW) and Shell plc ADRhedged ETF (SHEH). 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	SHEH	Difference
Sharpe ratio: Return per unit of total volatility	—	1.34	—
Sortino ratio: Return per unit of downside risk	—	1.87	—
Omega ratio: Gain probability vs. loss probability	—	1.23	—
Calmar ratio: Return relative to maximum drawdown	—	1.60	—
Martin ratio: Return relative to average drawdown	—	4.36	—

Drawdowns

GEW vs. SHEH - Drawdown Comparison

The maximum GEW drawdown since its inception was -8.15%, smaller than the maximum SHEH drawdown of -17.53%. Use the drawdown chart below to compare losses from any high point for GEW and SHEH.

Drawdown Indicators

	GEW	SHEH	Difference
Max Drawdown Largest peak-to-trough decline	-8.15%	-17.53%	+9.38%
Max Drawdown (1Y) Largest decline over 1 year	—	-17.53%	—
Current Drawdown Current decline from peak	0.00%	-2.90%	+2.90%
Average Drawdown Average peak-to-trough decline	-1.26%	-4.14%	+2.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.41%	—

Volatility

Volatility by Period

	GEW	SHEH	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.72%	—
Volatility (6M) Calculated over the trailing 6-month period	—	17.32%	—
Volatility (1Y) Calculated over the trailing 1-year period	14.03%	20.97%	-6.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.03%	20.55%	-6.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.03%	20.55%	-6.52%

GEW vs. SHEH - Expense Ratio Comparison

GEW has a 0.29% expense ratio, which is higher than SHEH's 0.19% expense ratio.

Dividends

GEW vs. SHEH - Dividend Comparison

GEW's dividend yield for the trailing twelve months is around 1.24%, less than SHEH's 1.84% yield.

Position	TTM	2025
GEW Cambria Global Equal Weight ETF	1.24%	0.43%
SHEH Shell plc ADRhedged ETF	1.84%	0.00%

Frequently Asked Questions

Can I hold both GEW and SHEH in my portfolio?

GEW and SHEH have a correlation of -0.05, 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 SHEH?

On fees, SHEH is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GEW or SHEH?

SHEH is cheaper with a 0.19% expense ratio, compared with 0.29% for GEW.

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

SHEH has the higher dividend yield at 1.84%, compared with 1.24% for GEW.

What is the main difference between GEW and SHEH?

GEW is categorized as Global Equities, while SHEH is Energy Equities. They also come from different issuers: Cambria and ADRhedged. Their fees differ too: 0.29% for GEW and 0.19% for SHEH.