GVAL vs. VOLT

Last updated Aug 4, 2026

GVAL (Cambria Global Value ETF) and VOLT (Tema Electrification ETF) are both Global Equities funds. Both are actively managed. Over the past year, GVAL returned 40.34% vs 40.13% for VOLT. Their 0.54 correlation means they have sometimes moved together and sometimes differently. GVAL charges 0.66%/yr vs 0.75%/yr for VOLT.

Performance

GVAL vs. VOLT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cambria Global Value ETF (GVAL) and Tema Electrification ETF (VOLT). 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 VOLT's 30.27% 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%

VOLT

• 1D: 1.54%
• 1M: -3.80%
• 6M: 15.87%
• YTD: 30.27%
• 1Y: 40.13%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 27.28%

*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
VOLT Tema Electrification ETF	$11.23M	$11.22M	$15.49M

GVAL vs. VOLT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GVAL Cambria Global Value ETF	20.34%	55.87%	-1.44%
VOLT Tema Electrification ETF	30.27%	25.92%	-8.98%

Correlation

The correlation between GVAL and VOLT is 0.58, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.58
Correlation (All Time) Calculated using the full available price history since Dec 4, 2024	0.54

The correlation between GVAL and VOLT has been stable across timeframes, ranging from 0.54 to 0.58 - a consistent structural relationship.

GVAL vs. VOLT - Sectors Allocation Comparison

Sectors	GVAL	VOLT
Financial Services	18.2%	0.5%
Basic Materials	8.4%	1.4%
Energy	7.9%	4.7%
Technology	6.8%	14.1%
Real Estate	6.7%	-
Utilities	5.2%	28.2%
Industrials	4.8%	50.4%
Communication Services	4.3%	-
Consumer Cyclical	3.1%	2.6%
Consumer Defensive	1.9%	-
Healthcare	-	-

Return for Risk

GVAL vs. VOLT — 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

VOLT

VOLT Risk / Return Rank: 67
VOLT Sharpe Ratio Rank: 70
VOLT Sortino Ratio Rank: 65
VOLT Omega Ratio Rank: 64
VOLT Calmar Ratio Rank: 65
VOLT Martin Ratio Rank: 71

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. VOLT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cambria Global Value ETF (GVAL) and Tema Electrification ETF (VOLT). 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	VOLT	Difference
Sharpe ratio: Return per unit of total volatility	2.54	1.65	+0.89
Sortino ratio: Return per unit of downside risk	3.42	2.20	+1.22
Omega ratio: Gain probability vs. loss probability	1.44	1.28	+0.16
Calmar ratio: Return relative to maximum drawdown	3.52	2.34	+1.18
Martin ratio: Return relative to average drawdown	13.02	8.84	+4.18

GVAL vs. VOLT - Sharpe Ratio Comparison

The current GVAL Sharpe Ratio is 2.54, which is higher than the VOLT Sharpe Ratio of 1.65. The chart below compares the historical Sharpe Ratios of GVAL and VOLT, 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. VOLT - Drawdown Comparison

The maximum GVAL drawdown since its inception was -46.82%, which is greater than VOLT's maximum drawdown of -23.40%. Use the drawdown chart below to compare losses from any high point for GVAL and VOLT.

Drawdown Indicators

	GVAL	VOLT	Difference
Max Drawdown Largest peak-to-trough decline	-46.82%	-23.40%	-23.42%
Max Drawdown (1Y) Largest decline over 1 year	-11.50%	-17.22%	+5.72%
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%	-10.39%	+10.39%
Average Drawdown Average peak-to-trough decline	-13.72%	-5.35%	-8.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.11%	4.55%	-1.44%

Volatility

GVAL vs. VOLT - Volatility Comparison

The current volatility for Cambria Global Value ETF (GVAL) is 4.79%, while Tema Electrification ETF (VOLT) has a volatility of 9.72%. This indicates that GVAL experiences smaller price fluctuations and is considered to be less risky than VOLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GVAL	VOLT	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.79%	9.72%	-4.93%
Volatility (6M) Calculated over the trailing 6-month period	14.12%	21.11%	-6.99%
Volatility (1Y) Calculated over the trailing 1-year period	15.98%	24.49%	-8.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.63%	25.46%	-6.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.00%	25.46%	-6.46%

GVAL vs. VOLT - Expense Ratio Comparison

GVAL has a 0.66% expense ratio, which is lower than VOLT's 0.75% expense ratio.

Dividends

GVAL vs. VOLT - Dividend Comparison

GVAL's dividend yield for the trailing twelve months is around 2.37%, more than VOLT's 0.35% 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%
VOLT Tema Electrification ETF	0.35%	0.46%	0.01%	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 VOLT in my portfolio?

GVAL and VOLT have a correlation of 0.58, 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 VOLT?

VOLT has higher volatility (9.72%) compared to GVAL (4.79%). In terms of maximum drawdown, GVAL dropped -46.82% vs VOLT's -23.40%.

Which ETF is better, GVAL or VOLT?

On 1-year performance, GVAL leads with 40.34% vs 40.13% for VOLT. On fees, GVAL is cheaper at 0.66% 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 VOLT?

Over the 1-year period, GVAL has performed better with a 40.34% return vs 40.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GVAL or VOLT?

GVAL is cheaper with a 0.66% expense ratio, compared with 0.75% for VOLT.

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

GVAL has the higher dividend yield at 2.37%, compared with 0.35% for VOLT.

What is the main difference between GVAL and VOLT?

They also come from different issuers: Cambria and Tema. Their fees differ too: 0.66% for GVAL and 0.75% for VOLT.

Which has better risk-adjusted returns?

GVAL currently has the higher Sharpe Ratio (2.54 vs 1.65), 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.