GVAL vs. BOAT
GVAL (Cambria Global Value ETF) and BOAT (SonicShares Global Shipping ETF) are both exchange-traded funds - GVAL is a Global Equities fund actively managed by Cambria, while BOAT is a Industrials Equities fund tracking the Solactive Global Shipping Index. GVAL is actively managed, while BOAT is passively managed. Over the past 5 years, GVAL returned 14.91%/yr vs 25.20%/yr for BOAT. Their 0.48 correlation means their historical movements had little consistent relationship. GVAL charges 0.66%/yr vs 0.69%/yr for BOAT.
Performance
GVAL vs. BOAT - Performance Comparison
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Returns By Period
In the year-to-date period, GVAL achieves a 20.34% return, which is significantly lower than BOAT's 45.07% return.
GVAL
- 1D
- 0.09%
- 1M
- 3.73%
- 6M
- 8.80%
- YTD
- 20.34%
- 1Y
- 40.34%
- 3Y*
- 26.56%
- 5Y*
- 14.91%
- 10Y*
- 11.00%
- ALL TIME*
- 6.96%
BOAT
- 1D
- 0.20%
- 1M
- 13.47%
- 6M
- 27.28%
- YTD
- 45.07%
- 1Y
- 59.66%
- 3Y*
- 26.95%
- 5Y*
- 25.20%
- 10Y*
- —
- ALL TIME*
- 24.82%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.71M | $1.08M | $1.06M | |
| $3.55M | $5.48M | $6.45M |
GVAL vs. BOAT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GVAL Cambria Global Value ETF | 20.34% | 55.87% | 2.59% | 13.30% | -7.98% | 0.04% |
BOAT SonicShares Global Shipping ETF | 45.07% | 22.77% | 5.97% | 24.53% | 6.26% | 21.24% |
Correlation
The correlation between GVAL and BOAT is 0.43, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.43 |
Correlation (3Y) Balances recent behavior with more history. | 0.42 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.48 |
Correlation (All Time) Calculated using the full available price history since Aug 4, 2021 | 0.48 |
GVAL vs. BOAT - Sectors Allocation Comparison
Sectors
GVAL
BOAT
Financial Services
Basic Materials
-
Energy
Technology
-
Real Estate
-
Utilities
-
Industrials
Communication Services
-
Consumer Cyclical
-
Consumer Defensive
-
Healthcare
-
-
Financial Services
GVAL
BOAT
Basic Materials
GVAL
BOAT
-
Energy
GVAL
BOAT
Technology
GVAL
BOAT
-
Real Estate
GVAL
BOAT
-
Utilities
GVAL
BOAT
-
Industrials
GVAL
BOAT
Communication Services
GVAL
BOAT
-
Consumer Cyclical
GVAL
BOAT
-
Consumer Defensive
GVAL
BOAT
-
Healthcare
GVAL
-
BOAT
-
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Return for Risk
GVAL vs. BOAT — Risk / Return Rank
GVAL
BOAT
GVAL vs. BOAT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cambria Global Value ETF (GVAL) and SonicShares Global Shipping ETF (BOAT). 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.
| GVAL | BOAT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.46 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.52 | 5.17 | -1.65 |
| Martin ratioReturn relative to average drawdown | 13.02 | 14.58 | -1.56 |
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Drawdowns
GVAL vs. BOAT - Drawdown Comparison
The maximum GVAL drawdown since its inception was -46.82%, which is greater than BOAT's maximum drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for GVAL and BOAT.
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Drawdown Indicators
| GVAL | BOAT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.82% | -33.94% | -12.88% |
Max Drawdown (1Y)Largest decline over 1 year | -11.50% | -11.60% | +0.10% |
Max Drawdown (3Y)Largest decline over 3 years | -15.72% | -33.94% | +18.22% |
Max Drawdown (5Y)Largest decline over 5 years | -30.83% | -33.94% | +3.11% |
Max Drawdown (10Y)Largest decline over 10 years | -46.82% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.54% | +0.54% |
Average DrawdownAverage peak-to-trough decline | -13.72% | -9.51% | -4.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.11% | 4.10% | -0.99% |
Volatility
GVAL vs. BOAT - Volatility Comparison
The current volatility for Cambria Global Value ETF (GVAL) is 4.79%, while SonicShares Global Shipping ETF (BOAT) has a volatility of 6.64%. This indicates that GVAL experiences smaller price fluctuations and is considered to be less risky than BOAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GVAL | BOAT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.79% | 6.64% | -1.85% |
Volatility (6M)Calculated over the trailing 6-month period | 14.12% | 16.86% | -2.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.98% | 20.72% | -4.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.63% | 25.06% | -6.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.00% | 25.06% | -6.06% |
GVAL vs. BOAT - Expense Ratio Comparison
GVAL has a 0.66% expense ratio, which is lower than BOAT's 0.69% expense ratio.
Dividends
GVAL vs. BOAT - Dividend Comparison
GVAL's dividend yield for the trailing twelve months is around 2.37%, less than BOAT's 6.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BOAT SonicShares Global Shipping ETF | 6.34% | 8.08% | 13.89% | 13.65% | 13.57% | 1.36% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GVAL Cambria Global Value ETF | 2.37% | 2.93% | 4.75% | 6.12% | 5.05% | 2.97% | 1.90% | 2.84% | 4.65% | 2.00% | 2.54% | 2.11% |
Frequently Asked Questions
GVAL and BOAT have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BOAT has higher volatility (6.64%) compared to GVAL (4.79%). In terms of maximum drawdown, GVAL dropped -46.82% vs BOAT's -33.94%.
On 5-year performance, BOAT leads with 25.20% vs 14.91% for GVAL. On fees, GVAL is cheaper at 0.66% per year. On volatility, GVAL has been the lower-risk option at 4.79%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BOAT has performed better with a 25.20% return vs 14.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GVAL is cheaper with a 0.66% expense ratio, compared with 0.69% for BOAT.
BOAT has the higher dividend yield at 6.34%, compared with 2.37% for GVAL.
GVAL is categorized as Global Equities, while BOAT is Industrials Equities. They also come from different issuers: Cambria and Tidal. Their fees differ too: 0.66% for GVAL and 0.69% for BOAT.
BOAT currently has the higher Sharpe Ratio (2.90 vs 2.54), 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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