GMOM vs. TZINX

Last updated Jun 5, 2026

GMOM (Cambria Global Momentum ETF) and TZINX (Templeton Global Balanced Fund) are both funds - GMOM is a Momentum fund actively managed by Cambria, while TZINX is a Global Allocation fund managed by Franklin Templeton. Over the past 10 years, GMOM returned 7.62%/yr vs 4.94%/yr for TZINX. A 0.57 correlation means they provide meaningful diversification when combined. GMOM charges 0.96%/yr vs 0.95%/yr for TZINX.

Performance

GMOM vs. TZINX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cambria Global Momentum ETF (GMOM) and Templeton Global Balanced Fund (TZINX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GMOM achieves a 11.82% return, which is significantly higher than TZINX's 8.44% return. Over the past 10 years, GMOM has outperformed TZINX with an annualized return of 7.62%, while TZINX has yielded a comparatively lower 4.94% annualized return.

GMOM

• 1D: 0.24%
• 1M: 0.47%
• YTD: 11.82%
• 6M: 13.95%
• 1Y: 29.52%
• 3Y*: 13.91%
• 5Y*: 7.06%
• 10Y*: 7.62%

TZINX

• 1D: -0.64%
• 1M: 2.43%
• YTD: 8.44%
• 6M: 10.06%
• 1Y: 24.56%
• 3Y*: 14.96%
• 5Y*: 4.83%
• 10Y*: 4.94%

*Multi-year figures are annualized to reflect compound growth (CAGR)

GMOM vs. TZINX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GMOM Cambria Global Momentum ETF	11.82%	20.63%	6.75%	0.65%	-2.82%	19.13%	2.42%	8.24%	-9.61%	20.67%
TZINX Templeton Global Balanced Fund	8.44%	27.85%	0.73%	14.45%	-14.31%	-1.44%	1.70%	7.58%	-9.18%	12.42%

Correlation

The correlation between GMOM and TZINX is 0.71, 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	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.66
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (10Y) Calculated over the trailing 10-year period	0.58
Correlation (All Time) Calculated using the full available price history since Nov 5, 2014	0.57

The correlation between GMOM and TZINX shifts across timeframes, from 0.57 (all time) to 0.71 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

GMOM vs. TZINX — Risk / Return Rank

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

GMOM

GMOM Risk / Return Rank: 65
GMOM Sharpe Ratio Rank: 67
GMOM Sortino Ratio Rank: 63
GMOM Omega Ratio Rank: 67
GMOM Calmar Ratio Rank: 63
GMOM Martin Ratio Rank: 67

TZINX

TZINX Risk / Return Rank: 65
TZINX Sharpe Ratio Rank: 71
TZINX Sortino Ratio Rank: 67
TZINX Omega Ratio Rank: 67
TZINX Calmar Ratio Rank: 62
TZINX Martin Ratio Rank: 57

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.

GMOM vs. TZINX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cambria Global Momentum ETF (GMOM) and Templeton Global Balanced Fund (TZINX). 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.

	GMOM	TZINX	Difference
Sharpe ratio: Return per unit of total volatility	2.18	2.42	-0.24
Sortino ratio: Return per unit of downside risk	2.88	3.37	-0.48
Omega ratio: Gain probability vs. loss probability	1.40	1.45	-0.05
Calmar ratio: Return relative to maximum drawdown	3.10	2.99	+0.11
Martin ratio: Return relative to average drawdown	12.12	11.30	+0.81
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GMOM vs. TZINX - Sharpe Ratio Comparison

The current GMOM Sharpe Ratio is 2.18, which is comparable to the TZINX Sharpe Ratio of 2.42. The chart below compares the historical Sharpe Ratios of GMOM and TZINX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GMOM	TZINX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.18	2.42	-0.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.49	0.41	+0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.60	0.44	+0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.47	+0.02

Drawdowns

GMOM vs. TZINX - Drawdown Comparison

The maximum GMOM drawdown since its inception was -25.03%, smaller than the maximum TZINX drawdown of -36.06%. Use the drawdown chart below to compare losses from any high point for GMOM and TZINX.

Drawdown Indicators

	GMOM	TZINX	Difference
Max Drawdown Largest peak-to-trough decline	-25.03%	-36.06%	+11.03%
Max Drawdown (1Y) Largest decline over 1 year	-9.57%	-8.42%	-1.15%
Max Drawdown (3Y) Largest decline over 3 years	-13.73%	-11.50%	-2.23%
Max Drawdown (5Y) Largest decline over 5 years	-19.16%	-29.60%	+10.44%
Max Drawdown (10Y) Largest decline over 10 years	-25.03%	-29.60%	+4.57%
Current Drawdown Current decline from peak	-1.85%	-0.64%	-1.21%
Average Drawdown Average peak-to-trough decline	-7.81%	-7.48%	-0.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.44%	2.22%	+0.22%

Volatility

GMOM vs. TZINX - Volatility Comparison

Cambria Global Momentum ETF (GMOM) and Templeton Global Balanced Fund (TZINX) have volatilities of 3.23% and 3.13%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GMOM	TZINX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.23%	3.13%	+0.10%
Volatility (6M) Calculated over the trailing 6-month period	11.18%	8.37%	+2.81%
Volatility (1Y) Calculated over the trailing 1-year period	13.61%	10.38%	+3.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.41%	11.89%	+2.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.82%	11.33%	+1.49%

GMOM vs. TZINX - Expense Ratio Comparison

GMOM has a 0.96% expense ratio, which is higher than TZINX's 0.95% expense ratio.

Dividends

GMOM vs. TZINX - Dividend Comparison

GMOM's dividend yield for the trailing twelve months is around 1.58%, less than TZINX's 5.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GMOM Cambria Global Momentum ETF	1.58%	3.01%	2.16%	3.63%	2.52%	3.42%	1.24%	2.60%	1.90%	2.05%	1.77%	1.88%
TZINX Templeton Global Balanced Fund	5.55%	4.00%	5.43%	3.68%	3.47%	2.24%	2.12%	4.43%	4.55%	2.82%	1.12%	7.19%

Frequently Asked Questions

Can I hold both GMOM and TZINX in my portfolio?

GMOM and TZINX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GMOM or TZINX?

GMOM has higher volatility (3.23%) compared to TZINX (3.13%). In terms of maximum drawdown, GMOM dropped -25.03% vs TZINX's -36.06%.

Which has better risk-adjusted returns?

TZINX currently has the higher Sharpe Ratio (2.42 vs 2.18), 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.