GMOD vs. ENDW

Last updated Aug 6, 2026

GMOD (GMO Dynamic Allocation ETF) and ENDW (Cambria Endowment Style ETF) are both exchange-traded funds - GMOD is a Tactical Allocation fund actively managed by GMO, while ENDW is a Global Allocation fund actively managed by Cambria. Both are actively managed. Their correlation of 0.91 means they have usually moved in the same direction. GMOD charges 0.50%/yr vs 0.29%/yr for ENDW.

Performance

GMOD vs. ENDW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GMO Dynamic Allocation ETF (GMOD) 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, GMOD achieves a 9.44% return, which is significantly lower than ENDW's 13.13% return.

GMOD

• 1D: 0.03%
• 1M: 1.25%
• 6M: 5.21%
• YTD: 9.44%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

ENDW

• 1D: -0.13%
• 1M: 2.36%
• 6M: 7.61%
• YTD: 13.13%
• 1Y: 24.27%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 33.36%

*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	$417.73K	$548.09K	$402.87K
GMOD GMO Dynamic Allocation ETF	$201.53K	$269.48K	$288.39K

GMOD vs. ENDW - Yearly Performance Comparison

	2026 (YTD)	2025
GMOD GMO Dynamic Allocation ETF	9.44%	4.35%
ENDW Cambria Endowment Style ETF	13.13%	3.87%

Correlation

The correlation between GMOD and ENDW is 0.91, 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 Oct 14, 2025	0.91

Return for Risk

GMOD vs. ENDW — Risk / Return Rank

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

GMOD

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

ENDW

ENDW Risk / Return Rank: 88
ENDW Sharpe Ratio Rank: 89
ENDW Sortino Ratio Rank: 86
ENDW Omega Ratio Rank: 88
ENDW Calmar Ratio Rank: 87
ENDW Martin Ratio Rank: 88

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.

GMOD vs. ENDW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GMO Dynamic Allocation ETF (GMOD) 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.

	GMOD	ENDW	Difference
Sharpe ratio: Return per unit of total volatility	—	2.36	—
Sortino ratio: Return per unit of downside risk	—	3.17	—
Omega ratio: Gain probability vs. loss probability	—	1.43	—
Calmar ratio: Return relative to maximum drawdown	—	3.79	—
Martin ratio: Return relative to average drawdown	—	14.64	—

Drawdowns

GMOD vs. ENDW - Drawdown Comparison

The maximum GMOD drawdown since its inception was -6.50%, roughly equal to the maximum ENDW drawdown of -6.44%. Use the drawdown chart below to compare losses from any high point for GMOD and ENDW.

Drawdown Indicators

	GMOD	ENDW	Difference
Max Drawdown Largest peak-to-trough decline	-6.50%	-6.44%	-0.06%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.44%	—
Current Drawdown Current decline from peak	0.00%	-0.13%	+0.13%
Average Drawdown Average peak-to-trough decline	-1.05%	-0.85%	-0.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.66%	—

Volatility

Volatility by Period

	GMOD	ENDW	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.36%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.99%	—
Volatility (1Y) Calculated over the trailing 1-year period	8.75%	10.36%	-1.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.75%	11.01%	-2.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.75%	11.01%	-2.26%

GMOD vs. ENDW - Expense Ratio Comparison

GMOD has a 0.50% expense ratio, which is higher than ENDW's 0.29% expense ratio.

Dividends

GMOD vs. ENDW - Dividend Comparison

GMOD's dividend yield for the trailing twelve months is around 1.34%, less than ENDW's 2.41% yield.

Position	TTM	2025
ENDW Cambria Endowment Style ETF	2.41%	1.91%
GMOD GMO Dynamic Allocation ETF	1.34%	0.93%

Frequently Asked Questions

Can I hold both GMOD and ENDW in my portfolio?

With a correlation of 0.91, GMOD and ENDW 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.

Which ETF is better, GMOD or ENDW?

On fees, ENDW 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, GMOD or ENDW?

ENDW is cheaper with a 0.29% expense ratio, compared with 0.50% for GMOD.

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

ENDW has the higher dividend yield at 2.41%, compared with 1.34% for GMOD.

What is the main difference between GMOD and ENDW?

GMOD is categorized as Tactical Allocation, while ENDW is Global Allocation. They also come from different issuers: GMO and Cambria. Their fees differ too: 0.50% for GMOD and 0.29% for ENDW.