GVAL vs. AVES
Compare and contrast key facts about Cambria Global Value ETF (GVAL) and Avantis Emerging Markets Value ETF (AVES).
GVAL and AVES are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GVAL is an actively managed fund by Cambria. It was launched on Mar 12, 2014. AVES is an actively managed fund by American Century Investments. It was launched on Sep 28, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GVAL or AVES.
Performance
GVAL vs. AVES - Performance Comparison
Returns By Period
In the year-to-date period, GVAL achieves a 3.23% return, which is significantly lower than AVES's 7.00% return.
GVAL
3.23%
-3.56%
-3.46%
7.48%
2.63%
3.24%
AVES
7.00%
-4.34%
-0.49%
12.90%
N/A
N/A
Key characteristics
| GVAL | AVES | |
|---|---|---|
| Sharpe Ratio | 0.53 | 0.82 |
| Sortino Ratio | 0.81 | 1.21 |
| Omega Ratio | 1.10 | 1.15 |
| Calmar Ratio | 0.77 | 1.26 |
| Martin Ratio | 1.93 | 4.07 |
| Ulcer Index | 3.79% | 3.10% |
| Daily Std Dev | 13.65% | 15.38% |
| Max Drawdown | -46.82% | -27.40% |
| Current Drawdown | -6.92% | -8.25% |
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GVAL vs. AVES - Expense Ratio Comparison
GVAL has a 0.71% expense ratio, which is higher than AVES's 0.36% expense ratio.
Correlation
The correlation between GVAL and AVES is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
GVAL vs. AVES - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Cambria Global Value ETF (GVAL) and Avantis Emerging Markets Value ETF (AVES). 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.
Dividends
GVAL vs. AVES - Dividend Comparison
GVAL's dividend yield for the trailing twelve months is around 5.64%, more than AVES's 3.70% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
GVAL Cambria Global Value ETF | 5.64% | 6.12% | 5.04% | 2.98% | 1.90% | 2.84% | 4.65% | 2.00% | 2.54% | 2.11% | 1.59% |
AVES Avantis Emerging Markets Value ETF | 3.70% | 3.96% | 3.70% | 0.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GVAL vs. AVES - Drawdown Comparison
The maximum GVAL drawdown since its inception was -46.82%, which is greater than AVES's maximum drawdown of -27.40%. Use the drawdown chart below to compare losses from any high point for GVAL and AVES. For additional features, visit the drawdowns tool.
Volatility
GVAL vs. AVES - Volatility Comparison
Cambria Global Value ETF (GVAL) and Avantis Emerging Markets Value ETF (AVES) have volatilities of 4.80% and 4.97%, 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.