GVAL vs. VAMO

Last updated Jun 4, 2026

GVAL (Cambria Global Value ETF) and VAMO (Cambria Value and Momentum ETF) are both exchange-traded funds - GVAL is a Global Equities fund actively managed by Cambria, while VAMO is a Momentum fund actively managed by Cambria. Both are actively managed. Over the past 10 years, GVAL returned 10.76%/yr vs 5.64%/yr for VAMO. At a 0.37 correlation, their price movements are largely independent. GVAL charges 0.64%/yr vs 0.65%/yr for VAMO.

Performance

GVAL vs. VAMO - Performance Comparison

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

Returns By Period

In the year-to-date period, GVAL achieves a 14.37% return, which is significantly higher than VAMO's 3.15% return. Over the past 10 years, GVAL has outperformed VAMO with an annualized return of 10.76%, while VAMO has yielded a comparatively lower 5.64% annualized return.

GVAL

• 1D: -1.24%
• 1M: 3.64%
• YTD: 14.37%
• 6M: 15.35%
• 1Y: 39.69%
• 3Y*: 26.42%
• 5Y*: 13.14%
• 10Y*: 10.76%

VAMO

• 1D: 0.04%
• 1M: -1.08%
• YTD: 3.15%
• 6M: 4.57%
• 1Y: 18.13%
• 3Y*: 13.91%
• 5Y*: 8.12%
• 10Y*: 5.64%

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

GVAL vs. VAMO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GVAL Cambria Global Value ETF	14.37%	55.87%	2.59%	13.30%	-7.98%	10.70%	-8.51%	17.24%	-14.30%	29.50%
VAMO Cambria Value and Momentum ETF	3.15%	16.51%	6.11%	5.58%	8.55%	32.16%	-4.92%	-4.63%	-11.43%	3.82%

Correlation

The correlation between GVAL and VAMO is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (3Y) Calculated over the trailing 3-year period	0.39
Correlation (5Y) Calculated over the trailing 5-year period	0.39
Correlation (10Y) Calculated over the trailing 10-year period	0.38
Correlation (All Time) Calculated using the full available price history since Sep 10, 2015	0.37

GVAL vs. VAMO - Sectors Allocation Comparison

Sectors	GVAL	VAMO
Financial Services	16.4%	38.8%
Basic Materials	8.2%	7.3%
Energy	7.8%	34.0%
Real Estate	7.0%	-
Technology	6.4%	8.3%
Communication Services	4.6%	5.0%
Utilities	4.1%	1.6%
Industrials	3.6%	21.4%
Consumer Cyclical	2.6%	33.5%
Consumer Defensive	1.9%	6.5%
Healthcare	-	17.5%

Return for Risk

GVAL vs. VAMO — Risk / Return Rank

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

GVAL

GVAL Risk / Return Rank: 77
GVAL Sharpe Ratio Rank: 83
GVAL Sortino Ratio Rank: 80
GVAL Omega Ratio Rank: 81
GVAL Calmar Ratio Rank: 69
GVAL Martin Ratio Rank: 71

VAMO

VAMO Risk / Return Rank: 52
VAMO Sharpe Ratio Rank: 46
VAMO Sortino Ratio Rank: 49
VAMO Omega Ratio Rank: 44
VAMO Calmar Ratio Rank: 66
VAMO Martin Ratio Rank: 55

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. VAMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cambria Global Value ETF (GVAL) and Cambria Value and Momentum ETF (VAMO). 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	VAMO	Difference
Sharpe ratio: Return per unit of total volatility	2.75	1.63	+1.12
Sortino ratio: Return per unit of downside risk	3.64	2.40	+1.23
Omega ratio: Gain probability vs. loss probability	1.49	1.28	+0.21
Calmar ratio: Return relative to maximum drawdown	3.47	3.28	+0.19
Martin ratio: Return relative to average drawdown	13.33	9.47	+3.86
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. VAMO - Sharpe Ratio Comparison

The current GVAL Sharpe Ratio is 2.75, which is higher than the VAMO Sharpe Ratio of 1.63. The chart below compares the historical Sharpe Ratios of GVAL and VAMO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GVAL	VAMO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.75	1.63	+1.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.72	0.47	+0.24
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.56	0.31	+0.25
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	0.24	+0.11

Drawdowns

GVAL vs. VAMO - Drawdown Comparison

The maximum GVAL drawdown since its inception was -46.82%, which is greater than VAMO's maximum drawdown of -41.84%. Use the drawdown chart below to compare losses from any high point for GVAL and VAMO.

Drawdown Indicators

	GVAL	VAMO	Difference
Max Drawdown Largest peak-to-trough decline	-46.82%	-41.84%	-4.98%
Max Drawdown (1Y) Largest decline over 1 year	-11.50%	-5.55%	-5.95%
Max Drawdown (3Y) Largest decline over 3 years	-15.72%	-11.61%	-4.11%
Max Drawdown (5Y) Largest decline over 5 years	-30.83%	-17.25%	-13.58%
Max Drawdown (10Y) Largest decline over 10 years	-46.82%	-41.84%	-4.98%
Current Drawdown Current decline from peak	-1.24%	-2.76%	+1.52%
Average Drawdown Average peak-to-trough decline	-13.88%	-9.98%	-3.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.99%	1.92%	+1.07%

Volatility

GVAL vs. VAMO - Volatility Comparison

Cambria Global Value ETF (GVAL) has a higher volatility of 5.10% compared to Cambria Value and Momentum ETF (VAMO) at 2.97%. This indicates that GVAL's price experiences larger fluctuations and is considered to be riskier than VAMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GVAL	VAMO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.10%	2.97%	+2.13%
Volatility (6M) Calculated over the trailing 6-month period	12.72%	7.66%	+5.06%
Volatility (1Y) Calculated over the trailing 1-year period	14.52%	11.19%	+3.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.46%	17.34%	+1.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.21%	18.09%	+1.12%

GVAL vs. VAMO - Expense Ratio Comparison

GVAL has a 0.64% expense ratio, which is lower than VAMO's 0.65% expense ratio.

Dividends

GVAL vs. VAMO - Dividend Comparison

GVAL's dividend yield for the trailing twelve months is around 2.83%, more than VAMO's 0.63% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GVAL Cambria Global Value ETF	2.83%	2.93%	4.75%	6.12%	5.05%	2.97%	1.90%	2.84%	4.65%	2.00%	2.54%	2.11%
VAMO Cambria Value and Momentum ETF	0.63%	1.41%	0.84%	1.35%	1.10%	1.07%	1.03%	1.15%	1.03%	0.35%	0.56%	0.20%

Frequently Asked Questions

Can I hold both GVAL and VAMO in my portfolio?

GVAL and VAMO have a correlation of 0.35, 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 VAMO?

GVAL has higher volatility (5.10%) compared to VAMO (2.97%). In terms of maximum drawdown, GVAL dropped -46.82% vs VAMO's -41.84%.

Which ETF is better, GVAL or VAMO?

On 10-year performance, GVAL leads with 10.76% vs 5.64% for VAMO. On fees, GVAL is cheaper at 0.64% per year. On volatility, VAMO has been the lower-risk option at 2.97%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GVAL or VAMO?

Over the 10-year period, GVAL has performed better with a 10.76% return vs 5.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GVAL or VAMO?

GVAL is cheaper with a 0.64% expense ratio, compared with 0.65% for VAMO.

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

GVAL has the higher dividend yield at 2.83%, compared with 0.63% for VAMO.

What is the main difference between GVAL and VAMO?

GVAL is categorized as Global Equities, while VAMO is Momentum. Their fees differ too: 0.64% for GVAL and 0.65% for VAMO.

Which has better risk-adjusted returns?

GVAL currently has the higher Sharpe Ratio (2.75 vs 1.63), 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.