GVAL vs. SHEH

Last updated Aug 4, 2026

GVAL (Cambria Global Value ETF) and SHEH (Shell plc ADRhedged ETF) are both exchange-traded funds - GVAL is a Global Equities fund actively managed by Cambria, while SHEH is a Energy Equities fund tracking the Shell plc - Benchmark Price Return. GVAL is actively managed, while SHEH is passively managed. Over the past year, GVAL returned 40.34% vs 27.83% for SHEH. Their 0.03 correlation means their historical movements had little consistent relationship. GVAL charges 0.66%/yr vs 0.19%/yr for SHEH.

Performance

GVAL vs. SHEH - Performance Comparison

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

Returns By Period

In the year-to-date period, GVAL achieves a 20.34% return, which is significantly lower than SHEH's 25.14% 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%

SHEH

• 1D: -0.63%
• 1M: 15.58%
• 6M: 23.06%
• YTD: 25.14%
• 1Y: 27.83%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 30.79%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GVAL Cambria Global Value ETF	$3.55M	$5.48M	$6.45M
SHEH Shell plc ADRhedged ETF	$782.03K	$668.74K	$325.26K

GVAL vs. SHEH - Yearly Performance Comparison

	2026 (YTD)	2025
GVAL Cambria Global Value ETF	20.34%	29.85%
SHEH Shell plc ADRhedged ETF	25.14%	12.63%

Correlation

The correlation between GVAL and SHEH is -0.00, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.00
Correlation (All Time) Calculated using the full available price history since Apr 23, 2025	0.03

GVAL vs. SHEH - Sectors Allocation Comparison

Sectors	GVAL	SHEH
Financial Services	18.2%	-
Basic Materials	8.4%	-
Energy	7.9%	96.5%
Technology	6.8%	-
Real Estate	6.7%	-
Utilities	5.2%	-
Industrials	4.8%	-
Communication Services	4.3%	-
Consumer Cyclical	3.1%	-
Consumer Defensive	1.9%	-
Healthcare	-	-

Return for Risk

GVAL vs. SHEH — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GVAL

GVAL Risk / Return Rank: 90
GVAL Sharpe Ratio Rank: 93
GVAL Sortino Ratio Rank: 92
GVAL Omega Ratio Rank: 91
GVAL Calmar Ratio Rank: 87
GVAL Martin Ratio Rank: 87

SHEH

SHEH Risk / Return Rank: 44
SHEH Sharpe Ratio Rank: 48
SHEH Sortino Ratio Rank: 46
SHEH Omega Ratio Rank: 45
SHEH Calmar Ratio Rank: 41
SHEH Martin Ratio Rank: 38

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GVAL vs. SHEH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cambria Global Value ETF (GVAL) and Shell plc ADRhedged ETF (SHEH). 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	SHEH	Difference
Sharpe ratio: Return per unit of total volatility	2.54	1.33	+1.21
Sortino ratio: Return per unit of downside risk	3.42	1.86	+1.55
Omega ratio: Gain probability vs. loss probability	1.44	1.23	+0.21
Calmar ratio: Return relative to maximum drawdown	3.52	1.59	+1.93
Martin ratio: Return relative to average drawdown	13.02	4.35	+8.68

GVAL vs. SHEH - Sharpe Ratio Comparison

The current GVAL Sharpe Ratio is 2.54, which is higher than the SHEH Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of GVAL and SHEH, 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. SHEH - Drawdown Comparison

The maximum GVAL drawdown since its inception was -46.82%, which is greater than SHEH's maximum drawdown of -17.53%. Use the drawdown chart below to compare losses from any high point for GVAL and SHEH.

Drawdown Indicators

	GVAL	SHEH	Difference
Max Drawdown Largest peak-to-trough decline	-46.82%	-17.53%	-29.29%
Max Drawdown (1Y) Largest decline over 1 year	-11.50%	-17.53%	+6.03%
Max Drawdown (3Y) Largest decline over 3 years	-15.72%	—	—
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	0.00%	-3.52%	+3.52%
Average Drawdown Average peak-to-trough decline	-13.72%	-4.14%	-9.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.11%	6.41%	-3.30%

Volatility

GVAL vs. SHEH - Volatility Comparison

The current volatility for Cambria Global Value ETF (GVAL) is 4.79%, while Shell plc ADRhedged ETF (SHEH) has a volatility of 6.85%. This indicates that GVAL experiences smaller price fluctuations and is considered to be less risky than SHEH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GVAL	SHEH	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.79%	6.85%	-2.06%
Volatility (6M) Calculated over the trailing 6-month period	14.12%	17.33%	-3.21%
Volatility (1Y) Calculated over the trailing 1-year period	15.98%	21.00%	-5.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.63%	20.53%	-1.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.00%	20.53%	-1.53%

GVAL vs. SHEH - Expense Ratio Comparison

GVAL has a 0.66% expense ratio, which is higher than SHEH's 0.19% expense ratio.

Dividends

GVAL vs. SHEH - Dividend Comparison

GVAL's dividend yield for the trailing twelve months is around 2.37%, more than SHEH's 1.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
SHEH Shell plc ADRhedged ETF	1.86%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GVAL and SHEH in my portfolio?

GVAL and SHEH have a correlation of -0.00, 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 SHEH?

SHEH has higher volatility (6.85%) compared to GVAL (4.79%). In terms of maximum drawdown, GVAL dropped -46.82% vs SHEH's -17.53%.

Which ETF is better, GVAL or SHEH?

On 1-year performance, GVAL leads with 40.34% vs 27.83% for SHEH. On fees, SHEH is cheaper at 0.19% 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.

Which ETF has performed better, GVAL or SHEH?

Over the 1-year period, GVAL has performed better with a 40.34% return vs 27.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GVAL or SHEH?

SHEH is cheaper with a 0.19% expense ratio, compared with 0.66% for GVAL.

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

GVAL has the higher dividend yield at 2.37%, compared with 1.86% for SHEH.

What is the main difference between GVAL and SHEH?

GVAL is categorized as Global Equities, while SHEH is Energy Equities. They also come from different issuers: Cambria and ADRhedged. Their fees differ too: 0.66% for GVAL and 0.19% for SHEH.

Which has better risk-adjusted returns?

GVAL currently has the higher Sharpe Ratio (2.54 vs 1.33), 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.