GVAL vs. FLUD

Last updated Jun 14, 2026

GVAL (Cambria Global Value ETF) and FLUD (Franklin Ultra Short Bond ETF) are both exchange-traded funds - GVAL is a Global Equities fund actively managed by Cambria, while FLUD is a Ultrashort Bond fund actively managed by Franklin Templeton. Both are actively managed. Over the past 5 years, GVAL returned 13.64%/yr vs 3.63%/yr for FLUD. At a 0.02 correlation, their price movements are largely independent. GVAL charges 0.64%/yr vs 0.15%/yr for FLUD.

Performance

GVAL vs. FLUD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cambria Global Value ETF (GVAL) and Franklin Ultra Short Bond ETF (FLUD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GVAL achieves a 16.63% return, which is significantly higher than FLUD's 1.52% return.

GVAL

• 1D: 1.47%
• 1M: 3.88%
• YTD: 16.63%
• 6M: 18.08%
• 1Y: 40.92%
• 3Y*: 26.84%
• 5Y*: 13.64%
• 10Y*: 11.46%

FLUD

• 1D: -0.16%
• 1M: 0.19%
• YTD: 1.52%
• 6M: 1.69%
• 1Y: 4.48%
• 3Y*: 5.27%
• 5Y*: 3.63%
• 10Y*: —

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

GVAL vs. FLUD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
GVAL Cambria Global Value ETF	16.63%	55.87%	2.59%	13.30%	-7.98%	10.70%	18.77%
FLUD Franklin Ultra Short Bond ETF	1.52%	5.36%	5.44%	5.95%	0.16%	0.09%	0.71%

Correlation

The correlation between GVAL and FLUD is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.07
Correlation (3Y) Calculated over the trailing 3-year period	0.04
Correlation (5Y) Calculated over the trailing 5-year period	0.04
Correlation (All Time) Calculated using the full available price history since Jul 16, 2020	0.02

Return for Risk

GVAL vs. FLUD — Risk / Return Rank

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

GVAL

GVAL Risk / Return Rank: 84
GVAL Sharpe Ratio Rank: 90
GVAL Sortino Ratio Rank: 88
GVAL Omega Ratio Rank: 87
GVAL Calmar Ratio Rank: 77
GVAL Martin Ratio Rank: 79

FLUD

FLUD Risk / Return Rank: 95
FLUD Sharpe Ratio Rank: 91
FLUD Sortino Ratio Rank: 94
FLUD Omega Ratio Rank: 94
FLUD Calmar Ratio Rank: 98
FLUD Martin Ratio Rank: 97

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. FLUD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cambria Global Value ETF (GVAL) and Franklin Ultra Short Bond ETF (FLUD). 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	FLUD	Difference
Sharpe ratio: Return per unit of total volatility	2.64	2.78	-0.15
Sortino ratio: Return per unit of downside risk	3.50	4.50	-1.00
Omega ratio: Gain probability vs. loss probability	1.47	1.61	-0.14
Calmar ratio: Return relative to maximum drawdown	3.48	10.53	-7.05
Martin ratio: Return relative to average drawdown	13.27	41.86	-28.59

GVAL vs. FLUD - Sharpe Ratio Comparison

The current GVAL Sharpe Ratio is 2.64, which is comparable to the FLUD Sharpe Ratio of 2.78. The chart below compares the historical Sharpe Ratios of GVAL and FLUD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GVAL vs. FLUD - Drawdown Comparison

The maximum GVAL drawdown since its inception was -46.82%, which is greater than FLUD's maximum drawdown of -1.66%. Use the drawdown chart below to compare losses from any high point for GVAL and FLUD.

Drawdown Indicators

	GVAL	FLUD	Difference
Max Drawdown Largest peak-to-trough decline	-46.82%	-1.66%	-45.16%
Max Drawdown (1Y) Largest decline over 1 year	-11.50%	-0.44%	-11.06%
Max Drawdown (3Y) Largest decline over 3 years	-15.72%	-0.59%	-15.13%
Max Drawdown (5Y) Largest decline over 5 years	-30.83%	-1.66%	-29.17%
Max Drawdown (10Y) Largest decline over 10 years	-46.82%	—	—
Current Drawdown Current decline from peak	0.00%	-0.16%	+0.16%
Average Drawdown Average peak-to-trough decline	-13.85%	-0.24%	-13.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.02%	0.11%	+2.91%

Volatility

GVAL vs. FLUD - Volatility Comparison

Cambria Global Value ETF (GVAL) has a higher volatility of 6.00% compared to Franklin Ultra Short Bond ETF (FLUD) at 0.38%. This indicates that GVAL's price experiences larger fluctuations and is considered to be riskier than FLUD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GVAL	FLUD	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.00%	0.38%	+5.62%
Volatility (6M) Calculated over the trailing 6-month period	13.40%	0.78%	+12.62%
Volatility (1Y) Calculated over the trailing 1-year period	15.18%	1.65%	+13.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.56%	1.34%	+17.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.20%	1.26%	+17.94%

GVAL vs. FLUD - Expense Ratio Comparison

GVAL has a 0.64% expense ratio, which is higher than FLUD's 0.15% expense ratio.

Dividends

GVAL vs. FLUD - Dividend Comparison

GVAL's dividend yield for the trailing twelve months is around 2.77%, less than FLUD's 4.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FLUD Franklin Ultra Short Bond ETF	4.27%	4.51%	4.97%	4.72%	1.39%	0.92%	0.93%	0.00%	0.00%	0.00%	0.00%	0.00%
GVAL Cambria Global Value ETF	2.77%	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

Can I hold both GVAL and FLUD in my portfolio?

GVAL and FLUD have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GVAL or FLUD?

GVAL has higher volatility (6.00%) compared to FLUD (0.38%). In terms of maximum drawdown, GVAL dropped -46.82% vs FLUD's -1.66%.

Which ETF is better, GVAL or FLUD?

On 5-year performance, GVAL leads with 13.64% vs 3.63% for FLUD. On fees, FLUD is cheaper at 0.15% per year. On volatility, FLUD has been the lower-risk option at 0.38%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GVAL or FLUD?

Over the 5-year period, GVAL has performed better with a 13.64% return vs 3.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GVAL or FLUD?

FLUD is cheaper with a 0.15% expense ratio, compared with 0.64% for GVAL.

Which ETF pays a higher dividend yield, GVAL or FLUD?

FLUD has the higher dividend yield at 4.27%, compared with 2.77% for GVAL.

What is the main difference between GVAL and FLUD?

GVAL is categorized as Global Equities, while FLUD is Ultrashort Bond. They also come from different issuers: Cambria and Franklin Templeton. Their fees differ too: 0.64% for GVAL and 0.15% for FLUD.

Which has better risk-adjusted returns?

FLUD currently has the higher Sharpe Ratio (2.78 vs 2.64), 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.