GGM vs. TYLD

Last updated Jul 28, 2026

GGM (GGM Macro Alignment ETF) and TYLD (Cambria Tactical Yield ETF) are both Tactical Allocation funds. Both are actively managed. Over the past year, GGM returned 16.69% vs 3.78% for TYLD. Their 0.05 correlation means their historical movements had little consistent relationship. GGM charges 0.94%/yr vs 0.59%/yr for TYLD.

Performance

GGM vs. TYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GGM Macro Alignment ETF (GGM) and Cambria Tactical Yield ETF (TYLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GGM achieves a 12.27% return, which is significantly higher than TYLD's 1.84% return.

GGM

• 1D: 0.24%
• 1M: 2.17%
• 6M: 8.32%
• YTD: 12.27%
• 1Y: 16.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 8.83%

TYLD

• 1D: 0.02%
• 1M: 0.06%
• 6M: 1.56%
• YTD: 1.84%
• 1Y: 3.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 4.29%

*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)
GGM GGM Macro Alignment ETF	$2.69K	$2.86K	$17.21K
TYLD Cambria Tactical Yield ETF	$208.25K	$137.18K	$78.97K

GGM vs. TYLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GGM GGM Macro Alignment ETF	12.27%	1.24%	4.33%
TYLD Cambria Tactical Yield ETF	1.84%	4.05%	5.09%

Correlation

The correlation between GGM and TYLD is 0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.07
Correlation (All Time) Calculated using the full available price history since Jan 4, 2024	0.05

Return for Risk

GGM vs. TYLD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GGM

GGM Risk / Return Rank: 60
GGM Sharpe Ratio Rank: 60
GGM Sortino Ratio Rank: 60
GGM Omega Ratio Rank: 59
GGM Calmar Ratio Rank: 63
GGM Martin Ratio Rank: 58

TYLD

TYLD Risk / Return Rank: 99
TYLD Sharpe Ratio Rank: 99
TYLD Sortino Ratio Rank: 99
TYLD Omega Ratio Rank: 99
TYLD Calmar Ratio Rank: 99
TYLD Martin Ratio Rank: 99

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GGM vs. TYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GGM Macro Alignment ETF (GGM) and Cambria Tactical Yield ETF (TYLD). 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.

	GGM	TYLD	Difference
Sharpe ratio: Return per unit of total volatility	1.40	5.15	-3.75
Sortino ratio: Return per unit of downside risk	2.01	9.80	-7.79
Omega ratio: Gain probability vs. loss probability	1.25	2.53	-1.28
Calmar ratio: Return relative to maximum drawdown	2.22	21.32	-19.10
Martin ratio: Return relative to average drawdown	6.88	111.42	-104.54

GGM vs. TYLD - Sharpe Ratio Comparison

The current GGM Sharpe Ratio is 1.40, which is lower than the TYLD Sharpe Ratio of 5.15. The chart below compares the historical Sharpe Ratios of GGM and TYLD, 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

GGM vs. TYLD - Drawdown Comparison

The maximum GGM drawdown since its inception was -19.68%, which is greater than TYLD's maximum drawdown of -1.06%. Use the drawdown chart below to compare losses from any high point for GGM and TYLD.

Drawdown Indicators

	GGM	TYLD	Difference
Max Drawdown Largest peak-to-trough decline	-19.68%	-1.06%	-18.62%
Max Drawdown (1Y) Largest decline over 1 year	-7.54%	-0.18%	-7.36%
Current Drawdown Current decline from peak	-0.04%	0.00%	-0.04%
Average Drawdown Average peak-to-trough decline	-5.04%	-0.10%	-4.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.43%	0.03%	+2.40%

Volatility

GGM vs. TYLD - Volatility Comparison

GGM Macro Alignment ETF (GGM) has a higher volatility of 2.07% compared to Cambria Tactical Yield ETF (TYLD) at 0.28%. This indicates that GGM's price experiences larger fluctuations and is considered to be riskier than TYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GGM	TYLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.07%	0.28%	+1.79%
Volatility (6M) Calculated over the trailing 6-month period	9.19%	0.56%	+8.63%
Volatility (1Y) Calculated over the trailing 1-year period	11.98%	0.74%	+11.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.20%	1.73%	+11.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.20%	1.73%	+11.47%

GGM vs. TYLD - Expense Ratio Comparison

GGM has a 0.94% expense ratio, which is higher than TYLD's 0.59% expense ratio.

Dividends

GGM vs. TYLD - Dividend Comparison

GGM's dividend yield for the trailing twelve months is around 1.40%, less than TYLD's 3.73% yield.

Position	TTM	2025	2024	2023
GGM GGM Macro Alignment ETF	1.40%	1.57%	1.39%	0.50%
TYLD Cambria Tactical Yield ETF	3.73%	4.38%	4.24%	0.00%

Frequently Asked Questions

Can I hold both GGM and TYLD in my portfolio?

GGM and TYLD have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GGM or TYLD?

GGM has higher volatility (2.07%) compared to TYLD (0.28%). In terms of maximum drawdown, GGM dropped -19.68% vs TYLD's -1.06%.

Which ETF is better, GGM or TYLD?

On 1-year performance, GGM leads with 16.69% vs 3.78% for TYLD. On fees, TYLD is cheaper at 0.59% per year. On volatility, TYLD has been the lower-risk option at 0.28%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GGM or TYLD?

Over the 1-year period, GGM has performed better with a 16.69% return vs 3.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GGM or TYLD?

TYLD is cheaper with a 0.59% expense ratio, compared with 0.94% for GGM.

Which ETF pays a higher dividend yield, GGM or TYLD?

TYLD has the higher dividend yield at 3.73%, compared with 1.40% for GGM.

What is the main difference between GGM and TYLD?

They also come from different issuers: GGM Wealth Advisors and Cambria. Their fees differ too: 0.94% for GGM and 0.59% for TYLD.

Which has better risk-adjusted returns?

TYLD currently has the higher Sharpe Ratio (5.15 vs 1.40), 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.