GVAL vs. FYLD

Last updated Jun 24, 2026

GVAL (Cambria Global Value ETF) and FYLD (Cambria Foreign Shareholder Yield ETF) are both Global Equities funds from Cambria. Both are actively managed. Over the past 10 years, GVAL returned 11.81%/yr vs 11.87%/yr for FYLD. A 0.73 correlation means they provide meaningful diversification when combined. GVAL charges 0.64%/yr vs 0.59%/yr for FYLD.

Performance

GVAL vs. FYLD - Performance Comparison

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

Returns By Period

In the year-to-date period, GVAL achieves a 17.40% return, which is significantly higher than FYLD's 16.00% return. Both investments have delivered pretty close results over the past 10 years, with GVAL having a 11.81% annualized return and FYLD not far ahead at 11.87%.

GVAL

• 1D: -1.91%
• 1M: 4.28%
• YTD: 17.40%
• 6M: 17.33%
• 1Y: 43.62%
• 3Y*: 27.44%
• 5Y*: 14.14%
• 10Y*: 11.81%

FYLD

• 1D: -1.30%
• 1M: -2.27%
• YTD: 16.00%
• 6M: 16.03%
• 1Y: 35.30%
• 3Y*: 21.72%
• 5Y*: 11.36%
• 10Y*: 11.87%

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

GVAL vs. FYLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GVAL Cambria Global Value ETF	17.40%	55.87%	2.59%	13.30%	-7.98%	10.70%	-8.51%	17.24%	-14.30%	29.50%
FYLD Cambria Foreign Shareholder Yield ETF	16.00%	34.53%	3.00%	13.18%	-5.53%	18.67%	4.17%	17.83%	-14.47%	29.81%

Correlation

The correlation between GVAL and FYLD is 0.63, 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	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (10Y) Calculated over the trailing 10-year period	0.72
Correlation (All Time) Calculated using the full available price history since Mar 12, 2014	0.73

The correlation between GVAL and FYLD shifts across timeframes, from 0.63 (1 year) to 0.74 (5 years), reflecting how their relationship changes across market environments.

GVAL vs. FYLD - Sectors Allocation Comparison

Sectors	GVAL	FYLD
Financial Services	16.9%	20.7%
Technology	9.4%	3.5%
Basic Materials	7.7%	9.5%
Energy	6.8%	29.3%
Real Estate	6.2%	-
Communication Services	4.3%	3.8%
Utilities	3.7%	1.6%
Industrials	3.6%	16.2%
Consumer Cyclical	2.7%	8.6%
Consumer Defensive	1.8%	5.5%
Healthcare	-	-

Return for Risk

GVAL vs. FYLD — 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: 89
GVAL Sortino Ratio Rank: 87
GVAL Omega Ratio Rank: 86
GVAL Calmar Ratio Rank: 78
GVAL Martin Ratio Rank: 78

FYLD

FYLD Risk / Return Rank: 91
FYLD Sharpe Ratio Rank: 91
FYLD Sortino Ratio Rank: 91
FYLD Omega Ratio Rank: 88
FYLD Calmar Ratio Rank: 94
FYLD Martin Ratio Rank: 93

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. FYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cambria Global Value ETF (GVAL) and Cambria Foreign Shareholder Yield ETF (FYLD). 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	FYLD	Difference
Sharpe ratio: Return per unit of total volatility	2.82	2.95	-0.13
Sortino ratio: Return per unit of downside risk	3.72	4.04	-0.32
Omega ratio: Gain probability vs. loss probability	1.50	1.52	-0.02
Calmar ratio: Return relative to maximum drawdown	3.81	6.52	-2.71
Martin ratio: Return relative to average drawdown	14.52	22.40	-7.89

GVAL vs. FYLD - Sharpe Ratio Comparison

The current GVAL Sharpe Ratio is 2.82, which is comparable to the FYLD Sharpe Ratio of 2.95. The chart below compares the historical Sharpe Ratios of GVAL and FYLD, 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. FYLD - Drawdown Comparison

The maximum GVAL drawdown since its inception was -46.82%, which is greater than FYLD's maximum drawdown of -44.55%. Use the drawdown chart below to compare losses from any high point for GVAL and FYLD.

Drawdown Indicators

	GVAL	FYLD	Difference
Max Drawdown Largest peak-to-trough decline	-46.82%	-44.55%	-2.27%
Max Drawdown (1Y) Largest decline over 1 year	-11.50%	-5.44%	-6.06%
Max Drawdown (3Y) Largest decline over 3 years	-15.72%	-15.15%	-0.57%
Max Drawdown (5Y) Largest decline over 5 years	-30.83%	-25.12%	-5.71%
Max Drawdown (10Y) Largest decline over 10 years	-46.82%	-44.55%	-2.27%
Current Drawdown Current decline from peak	-2.31%	-3.62%	+1.31%
Average Drawdown Average peak-to-trough decline	-13.82%	-8.80%	-5.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.01%	1.58%	+1.43%

Volatility

GVAL vs. FYLD - Volatility Comparison

Cambria Global Value ETF (GVAL) has a higher volatility of 6.37% compared to Cambria Foreign Shareholder Yield ETF (FYLD) at 4.20%. This indicates that GVAL's price experiences larger fluctuations and is considered to be riskier than FYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GVAL	FYLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.37%	4.20%	+2.17%
Volatility (6M) Calculated over the trailing 6-month period	13.81%	9.44%	+4.37%
Volatility (1Y) Calculated over the trailing 1-year period	15.55%	12.04%	+3.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.60%	16.26%	+2.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.00%	17.83%	+1.17%

GVAL vs. FYLD - Expense Ratio Comparison

GVAL has a 0.64% expense ratio, which is higher than FYLD's 0.59% expense ratio.

Dividends

GVAL vs. FYLD - Dividend Comparison

GVAL's dividend yield for the trailing twelve months is around 2.43%, less than FYLD's 3.47% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FYLD Cambria Foreign Shareholder Yield ETF	3.47%	4.07%	5.41%	6.06%	6.13%	4.74%	3.94%	3.73%	5.17%	2.85%	2.72%	3.98%
GVAL Cambria Global Value ETF	2.43%	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 FYLD in my portfolio?

GVAL and FYLD have a correlation of 0.63, 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 FYLD?

GVAL has higher volatility (6.37%) compared to FYLD (4.20%). In terms of maximum drawdown, GVAL dropped -46.82% vs FYLD's -44.55%.

Which ETF is better, GVAL or FYLD?

On 10-year performance, FYLD leads with 11.87% vs 11.81% for GVAL. On fees, FYLD is cheaper at 0.59% per year. On volatility, FYLD has been the lower-risk option at 4.20%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GVAL or FYLD?

Over the 10-year period, FYLD has performed better with a 11.87% return vs 11.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GVAL or FYLD?

FYLD is cheaper with a 0.59% expense ratio, compared with 0.64% for GVAL.

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

FYLD has the higher dividend yield at 3.47%, compared with 2.43% for GVAL.

What is the main difference between GVAL and FYLD?

Their fees differ too: 0.64% for GVAL and 0.59% for FYLD.

Which has better risk-adjusted returns?

FYLD currently has the higher Sharpe Ratio (2.95 vs 2.82), 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.