GMOM vs. GDMA
GMOM (Cambria Global Momentum ETF) and GDMA (Gadsden Dynamic Multi-Asset ETF) are both exchange-traded funds - GMOM is a Momentum fund actively managed by Cambria, while GDMA is a Global Allocation fund actively managed by Gadsden. Both are actively managed. Over the past 5 years, GMOM returned 7.64%/yr vs 8.50%/yr for GDMA. Their 0.58 correlation means they have sometimes moved together and sometimes differently. GMOM charges 0.96%/yr vs 0.77%/yr for GDMA.
Performance
GMOM vs. GDMA - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with GMOM having a 10.77% return and GDMA slightly lower at 10.33%.
GMOM
- 1D
- 0.83%
- 1M
- 4.48%
- 6M
- 1.88%
- YTD
- 10.77%
- 1Y
- 24.88%
- 3Y*
- 12.63%
- 5Y*
- 7.64%
- 10Y*
- 7.18%
- ALL TIME*
- 5.87%
GDMA
- 1D
- -0.43%
- 1M
- 2.18%
- 6M
- 0.74%
- YTD
- 10.33%
- 1Y
- 23.13%
- 3Y*
- 16.18%
- 5Y*
- 8.50%
- 10Y*
- —
- ALL TIME*
- 9.40%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.64M | $945.79K | $705.31K | |
| $382.91K | $314.43K | $258.97K |
GMOM vs. GDMA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
GMOM Cambria Global Momentum ETF | 10.77% | 20.63% | 6.75% | 0.65% | -2.82% | 19.13% | 2.42% | 8.24% | -2.44% |
GDMA Gadsden Dynamic Multi-Asset ETF | 10.33% | 25.29% | 7.44% | 1.72% | -2.08% | 3.95% | 21.08% | 11.59% | -3.70% |
Correlation
The correlation between GMOM and GDMA is 0.65, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.65 |
Correlation (3Y) Balances recent behavior with more history. | 0.61 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.52 |
Correlation (All Time) Calculated using the full available price history since Nov 15, 2018 | 0.58 |
The correlation between GMOM and GDMA shifts across timeframes, from 0.52 (5 years) to 0.65 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GMOM vs. GDMA — Risk / Return Rank
GMOM
GDMA
GMOM vs. GDMA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cambria Global Momentum ETF (GMOM) and Gadsden Dynamic Multi-Asset ETF (GDMA). 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.
| GMOM | GDMA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.29 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.61 | 3.08 | -0.47 |
| Martin ratioReturn relative to average drawdown | 7.84 | 7.14 | +0.70 |
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Drawdowns
GMOM vs. GDMA - Drawdown Comparison
The maximum GMOM drawdown since its inception was -25.03%, which is greater than GDMA's maximum drawdown of -16.66%. Use the drawdown chart below to compare losses from any high point for GMOM and GDMA.
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Drawdown Indicators
| GMOM | GDMA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.03% | -16.66% | -8.37% |
Max Drawdown (1Y)Largest decline over 1 year | -9.57% | -7.53% | -2.04% |
Max Drawdown (3Y)Largest decline over 3 years | -13.73% | -7.53% | -6.20% |
Max Drawdown (5Y)Largest decline over 5 years | -19.16% | -12.74% | -6.42% |
Max Drawdown (10Y)Largest decline over 10 years | -25.03% | — | — |
Current DrawdownCurrent decline from peak | -2.78% | -3.41% | +0.63% |
Average DrawdownAverage peak-to-trough decline | -7.77% | -3.79% | -3.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.18% | 3.25% | -0.07% |
Volatility
GMOM vs. GDMA - Volatility Comparison
Cambria Global Momentum ETF (GMOM) has a higher volatility of 3.25% compared to Gadsden Dynamic Multi-Asset ETF (GDMA) at 2.58%. This indicates that GMOM's price experiences larger fluctuations and is considered to be riskier than GDMA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GMOM | GDMA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.25% | 2.58% | +0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 11.34% | 13.15% | -1.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.72% | 15.74% | -1.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.36% | 10.24% | +4.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.95% | 11.39% | +1.56% |
GMOM vs. GDMA - Expense Ratio Comparison
GMOM has a 0.96% expense ratio, which is higher than GDMA's 0.77% expense ratio.
Dividends
GMOM vs. GDMA - Dividend Comparison
GMOM's dividend yield for the trailing twelve months is around 1.47%, less than GDMA's 2.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GDMA Gadsden Dynamic Multi-Asset ETF | 2.53% | 2.79% | 2.32% | 4.14% | 1.18% | 2.10% | 0.62% | 3.17% | 0.00% | 0.00% | 0.00% | 0.00% |
GMOM Cambria Global Momentum ETF | 1.47% | 3.01% | 2.16% | 3.63% | 2.52% | 3.42% | 1.24% | 2.60% | 1.90% | 2.05% | 1.77% | 1.88% |
Frequently Asked Questions
GMOM and GDMA have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GMOM has higher volatility (3.25%) compared to GDMA (2.58%). In terms of maximum drawdown, GMOM dropped -25.03% vs GDMA's -16.66%.
On 5-year performance, GDMA leads with 8.50% vs 7.64% for GMOM. On fees, GDMA is cheaper at 0.77% per year. On volatility, GDMA has been the lower-risk option at 2.58%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, GDMA has performed better with a 8.50% return vs 7.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GDMA is cheaper with a 0.77% expense ratio, compared with 0.96% for GMOM.
GDMA has the higher dividend yield at 2.53%, compared with 1.47% for GMOM.
GMOM is categorized as Momentum, while GDMA is Global Allocation. They also come from different issuers: Cambria and Gadsden. Their fees differ too: 0.96% for GMOM and 0.77% for GDMA.
GMOM currently has the higher Sharpe Ratio (1.70 vs 1.48), 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.
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