GVAL vs. FEGE

Last updated Apr 2, 2026

Compare and contrast key facts about Cambria Global Value ETF (GVAL) and First Eagle Global Equity ETF (FEGE).

GVAL and FEGE 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 11, 2014. FEGE is an actively managed fund by First Eagle. It was launched on Dec 19, 2024.

Performance

GVAL vs. FEGE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cambria Global Value ETF (GVAL) and First Eagle Global Equity ETF (FEGE). The values are adjusted to include any dividend payments, if applicable.

GVAL vs. FEGE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GVAL Cambria Global Value ETF	6.95%	55.87%	0.65%
FEGE First Eagle Global Equity ETF	2.79%	34.19%	-1.12%

Returns By Period

In the year-to-date period, GVAL achieves a 6.95% return, which is significantly higher than FEGE's 2.79% return.

GVAL

• 1D: 1.18%
• 1M: -2.90%
• YTD: 6.95%
• 6M: 15.22%
• 1Y: 39.26%
• 3Y*: 23.80%
• 5Y*: 13.53%
• 10Y*: 10.04%

FEGE

• 1D: 0.66%
• 1M: -6.65%
• YTD: 2.79%
• 6M: 8.16%
• 1Y: 27.43%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GVAL vs. FEGE - Expense Ratio Comparison

GVAL has a 0.66% expense ratio, which is higher than FEGE's 0.50% expense ratio.

GVAL

Cambria Global Value ETF

FEGE

First Eagle Global Equity ETF

Return for Risk

GVAL vs. FEGE — Risk / Return Rank

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

GVAL

GVAL Risk / Return Rank: 93
GVAL Sharpe Ratio Rank: 93
GVAL Sortino Ratio Rank: 93
GVAL Omega Ratio Rank: 95
GVAL Calmar Ratio Rank: 93
GVAL Martin Ratio Rank: 92

FEGE

FEGE Risk / Return Rank: 84
FEGE Sharpe Ratio Rank: 84
FEGE Sortino Ratio Rank: 85
FEGE Omega Ratio Rank: 85
FEGE Calmar Ratio Rank: 82
FEGE Martin Ratio Rank: 81

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.

GVAL vs. FEGE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cambria Global Value ETF (GVAL) and First Eagle Global Equity ETF (FEGE). 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.

	GVAL	FEGE	Difference
Sharpe ratio Return per unit of total volatility	2.28	1.76	+0.52
Sortino ratio Return per unit of downside risk	2.93	2.38	+0.55
Omega ratio Gain probability vs. loss probability	1.47	1.35	+0.12
Calmar ratio Return relative to maximum drawdown	3.52	2.51	+1.01
Martin ratio Return relative to average drawdown	13.29	9.75	+3.55
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GVAL vs. FEGE - Sharpe Ratio Comparison

The current GVAL Sharpe Ratio is 2.28, which is comparable to the FEGE Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of GVAL and FEGE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GVAL	FEGE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.28	1.76	+0.52
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.74	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.52	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	1.88	-1.55

Correlation

The correlation between GVAL and FEGE is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

GVAL vs. FEGE - Dividend Comparison

GVAL's dividend yield for the trailing twelve months is around 3.02%, more than FEGE's 1.24% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GVAL Cambria Global Value ETF	3.02%	2.93%	4.75%	6.12%	5.05%	2.97%	1.90%	2.84%	4.65%	2.00%	2.54%	2.11%
FEGE First Eagle Global Equity ETF	1.24%	1.28%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

GVAL vs. FEGE - Drawdown Comparison

The maximum GVAL drawdown since its inception was -46.82%, which is greater than FEGE's maximum drawdown of -11.13%. Use the drawdown chart below to compare losses from any high point for GVAL and FEGE.

Drawdown Indicators

	GVAL	FEGE	Difference
Max Drawdown Largest peak-to-trough decline	-46.82%	-11.13%	-35.69%
Max Drawdown (1Y) Largest decline over 1 year	-11.50%	-10.96%	-0.54%
Max Drawdown (5Y) Largest decline over 5 years	-30.83%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-46.82%	—	—
Current Drawdown Current decline from peak	-6.46%	-8.08%	+1.62%
Average Drawdown Average peak-to-trough decline	-14.04%	-1.37%	-12.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.05%	2.82%	+0.23%

Volatility

GVAL vs. FEGE - Volatility Comparison

Cambria Global Value ETF (GVAL) has a higher volatility of 7.38% compared to First Eagle Global Equity ETF (FEGE) at 5.59%. This indicates that GVAL's price experiences larger fluctuations and is considered to be riskier than FEGE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GVAL	FEGE	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.38%	5.59%	+1.79%
Volatility (6M) Calculated over the trailing 6-month period	11.38%	9.89%	+1.49%
Volatility (1Y) Calculated over the trailing 1-year period	17.34%	15.66%	+1.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.32%	14.87%	+3.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.18%	14.87%	+4.31%