GXDW vs. MFUT

Last updated Jun 23, 2026

GXDW (Global X Dorsey Wright Thematic ETF) and MFUT (Cambria Chesapeake Pure Trend ETF) are both Systematic Trend funds. GXDW is passively managed, while MFUT is actively managed. Over the past year, GXDW returned 16.72% vs 28.61% for MFUT. At a 0.31 correlation, their price movements are largely independent. GXDW charges 0.50%/yr vs 1.18%/yr for MFUT.

Performance

GXDW vs. MFUT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Dorsey Wright Thematic ETF (GXDW) and Cambria Chesapeake Pure Trend ETF (MFUT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GXDW achieves a 18.88% return, which is significantly higher than MFUT's 13.81% return.

GXDW

• 1D: 0.25%
• 1M: -2.88%
• YTD: 18.88%
• 6M: 15.29%
• 1Y: 16.72%
• 3Y*: 4.52%
• 5Y*: -9.71%
• 10Y*: —

MFUT

• 1D: -2.52%
• 1M: -4.70%
• YTD: 13.81%
• 6M: 12.83%
• 1Y: 28.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GXDW vs. MFUT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GXDW Global X Dorsey Wright Thematic ETF	18.88%	3.52%	-0.48%
MFUT Cambria Chesapeake Pure Trend ETF	13.81%	-1.83%	-16.64%

Correlation

The correlation between GXDW and MFUT is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (All Time) Calculated using the full available price history since May 29, 2024	0.31

Return for Risk

GXDW vs. MFUT — Risk / Return Rank

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

GXDW

GXDW Risk / Return Rank: 18
GXDW Sharpe Ratio Rank: 18
GXDW Sortino Ratio Rank: 18
GXDW Omega Ratio Rank: 19
GXDW Calmar Ratio Rank: 17
GXDW Martin Ratio Rank: 16

MFUT

MFUT Risk / Return Rank: 61
MFUT Sharpe Ratio Rank: 62
MFUT Sortino Ratio Rank: 53
MFUT Omega Ratio Rank: 68
MFUT Calmar Ratio Rank: 66
MFUT Martin Ratio Rank: 57

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.

GXDW vs. MFUT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Dorsey Wright Thematic ETF (GXDW) and Cambria Chesapeake Pure Trend ETF (MFUT). 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.

	GXDW	MFUT	Difference
Sharpe ratio: Return per unit of total volatility	0.60	1.91	-1.31
Sortino ratio: Return per unit of downside risk	0.97	2.39	-1.42
Omega ratio: Gain probability vs. loss probability	1.13	1.37	-0.24
Calmar ratio: Return relative to maximum drawdown	0.68	3.11	-2.43
Martin ratio: Return relative to average drawdown	1.59	9.35	-7.77

GXDW vs. MFUT - Sharpe Ratio Comparison

The current GXDW Sharpe Ratio is 0.60, which is lower than the MFUT Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of GXDW and MFUT, 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

GXDW vs. MFUT - Drawdown Comparison

The maximum GXDW drawdown since its inception was -67.81%, which is greater than MFUT's maximum drawdown of -29.28%. Use the drawdown chart below to compare losses from any high point for GXDW and MFUT.

Drawdown Indicators

	GXDW	MFUT	Difference
Max Drawdown Largest peak-to-trough decline	-67.81%	-29.28%	-38.53%
Max Drawdown (1Y) Largest decline over 1 year	-24.65%	-9.23%	-15.42%
Max Drawdown (3Y) Largest decline over 3 years	-31.89%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-61.17%	—	—
Current Drawdown Current decline from peak	-53.01%	-7.52%	-45.49%
Average Drawdown Average peak-to-trough decline	-43.14%	-16.28%	-26.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.57%	3.07%	+7.50%

Volatility

GXDW vs. MFUT - Volatility Comparison

Global X Dorsey Wright Thematic ETF (GXDW) has a higher volatility of 13.41% compared to Cambria Chesapeake Pure Trend ETF (MFUT) at 4.28%. This indicates that GXDW's price experiences larger fluctuations and is considered to be riskier than MFUT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GXDW	MFUT	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.41%	4.28%	+9.13%
Volatility (6M) Calculated over the trailing 6-month period	22.02%	13.11%	+8.91%
Volatility (1Y) Calculated over the trailing 1-year period	28.02%	15.05%	+12.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.10%	13.49%	+14.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.82%	13.49%	+16.33%

GXDW vs. MFUT - Expense Ratio Comparison

GXDW has a 0.50% expense ratio, which is lower than MFUT's 1.18% expense ratio.

Dividends

GXDW vs. MFUT - Dividend Comparison

GXDW's dividend yield for the trailing twelve months is around 1.18%, while MFUT has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
GXDW Global X Dorsey Wright Thematic ETF	1.18%	1.40%	1.08%	1.99%	1.48%	1.56%	0.48%	0.31%
MFUT Cambria Chesapeake Pure Trend ETF	0.00%	0.00%	0.33%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GXDW and MFUT in my portfolio?

GXDW and MFUT have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GXDW or MFUT?

GXDW has higher volatility (13.41%) compared to MFUT (4.28%). In terms of maximum drawdown, GXDW dropped -67.81% vs MFUT's -29.28%.

Which ETF is better, GXDW or MFUT?

On 1-year performance, MFUT leads with 28.61% vs 16.72% for GXDW. On fees, GXDW is cheaper at 0.50% per year. On volatility, MFUT has been the lower-risk option at 4.28%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GXDW or MFUT?

Over the 1-year period, MFUT has performed better with a 28.61% return vs 16.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GXDW or MFUT?

GXDW is cheaper with a 0.50% expense ratio, compared with 1.18% for MFUT.

Which ETF pays a higher dividend yield, GXDW or MFUT?

GXDW has the higher dividend yield at 1.18%, compared with 0.00% for MFUT.

What is the main difference between GXDW and MFUT?

They also come from different issuers: Global X and Cambria. Their fees differ too: 0.50% for GXDW and 1.18% for MFUT.

Which has better risk-adjusted returns?

MFUT currently has the higher Sharpe Ratio (1.91 vs 0.60), 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.