GMOM vs. ROMO
GMOM (Cambria Global Momentum ETF) and ROMO (Strategy Shares Newfound/ReSolve Robust Momentum ETF) are both Momentum funds. GMOM is actively managed, while ROMO is passively managed. Over the past 5 years, GMOM returned 6.41%/yr vs 6.41%/yr for ROMO. A 0.64 correlation means they provide meaningful diversification when combined. GMOM charges 0.96%/yr vs 0.82%/yr for ROMO.
Performance
GMOM vs. ROMO - Performance Comparison
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Returns By Period
In the year-to-date period, GMOM achieves a 6.55% return, which is significantly higher than ROMO's 4.60% return.
GMOM
- 1D
- -2.26%
- 1M
- -4.00%
- YTD
- 6.55%
- 6M
- 5.46%
- 1Y
- 23.01%
- 3Y*
- 12.06%
- 5Y*
- 6.41%
- 10Y*
- 7.08%
ROMO
- 1D
- -1.49%
- 1M
- -0.86%
- YTD
- 4.60%
- 6M
- 4.12%
- 1Y
- 15.98%
- 3Y*
- 13.83%
- 5Y*
- 6.41%
- 10Y*
- —
GMOM vs. ROMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
GMOM Cambria Global Momentum ETF | 6.55% | 20.63% | 6.75% | 0.65% | -2.82% | 19.13% | 2.42% | 1.10% |
ROMO Strategy Shares Newfound/ReSolve Robust Momentum ETF | 4.60% | 9.29% | 20.68% | 11.05% | -18.88% | 21.41% | -3.48% | 4.25% |
Correlation
The correlation between GMOM and ROMO is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Nov 4, 2019 | 0.64 |
The correlation between GMOM and ROMO shifts across timeframes, from 0.64 (5 years) to 0.76 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GMOM vs. ROMO — Risk / Return Rank
GMOM
ROMO
GMOM vs. ROMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cambria Global Momentum ETF (GMOM) and Strategy Shares Newfound/ReSolve Robust Momentum ETF (ROMO). 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 | ROMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.46 | ||
| Sortino ratioReturn per unit of downside risk | +0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.21 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.41 | 1.44 | +0.98 |
| Martin ratioReturn relative to average drawdown | 8.76 | 5.11 | +3.65 |
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Drawdowns
GMOM vs. ROMO - Drawdown Comparison
The maximum GMOM drawdown since its inception was -25.03%, smaller than the maximum ROMO drawdown of -28.66%. Use the drawdown chart below to compare losses from any high point for GMOM and ROMO.
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Drawdown Indicators
| GMOM | ROMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.03% | -28.66% | +3.63% |
Max Drawdown (1Y)Largest decline over 1 year | -9.57% | -11.16% | +1.59% |
Max Drawdown (3Y)Largest decline over 3 years | -13.73% | -14.09% | +0.36% |
Max Drawdown (5Y)Largest decline over 5 years | -19.16% | -20.26% | +1.10% |
Max Drawdown (10Y)Largest decline over 10 years | -25.03% | — | — |
Current DrawdownCurrent decline from peak | -6.48% | -3.22% | -3.26% |
Average DrawdownAverage peak-to-trough decline | -7.79% | -8.26% | +0.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.63% | 3.14% | -0.51% |
Volatility
GMOM vs. ROMO - Volatility Comparison
Cambria Global Momentum ETF (GMOM) has a higher volatility of 5.20% compared to Strategy Shares Newfound/ReSolve Robust Momentum ETF (ROMO) at 4.60%. This indicates that GMOM's price experiences larger fluctuations and is considered to be riskier than ROMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GMOM | ROMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.20% | 4.60% | +0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 12.12% | 11.79% | +0.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.45% | 14.10% | +0.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.50% | 12.16% | +2.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.91% | 14.49% | -1.58% |
GMOM vs. ROMO - Expense Ratio Comparison
GMOM has a 0.96% expense ratio, which is higher than ROMO's 0.82% expense ratio.
Dividends
GMOM vs. ROMO - Dividend Comparison
GMOM's dividend yield for the trailing twelve months is around 1.65%, less than ROMO's 8.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GMOM Cambria Global Momentum ETF | 1.65% | 3.01% | 2.16% | 3.63% | 2.52% | 3.42% | 1.24% | 2.60% | 1.90% | 2.05% | 1.77% | 1.88% |
ROMO Strategy Shares Newfound/ReSolve Robust Momentum ETF | 8.48% | 8.87% | 0.76% | 2.42% | 0.77% | 0.56% | 0.97% | 0.58% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GMOM and ROMO have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GMOM has higher volatility (5.20%) compared to ROMO (4.60%). In terms of maximum drawdown, GMOM dropped -25.03% vs ROMO's -28.66%.
On 5-year performance, ROMO leads with 6.41% vs 6.41% for GMOM. On fees, ROMO is cheaper at 0.82% per year. On volatility, ROMO has been the lower-risk option at 4.60%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, ROMO has performed better with a 6.41% return vs 6.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ROMO is cheaper with a 0.82% expense ratio, compared with 0.96% for GMOM.
ROMO has the higher dividend yield at 8.48%, compared with 1.65% for GMOM.
They also come from different issuers: Cambria and Rational Capital LLC. Their fees differ too: 0.96% for GMOM and 0.82% for ROMO.
GMOM currently has the higher Sharpe Ratio (1.60 vs 1.14), 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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