IMOM vs. GMOM
IMOM (Alpha Architect International Quantitative Momentum ETF) and GMOM (Cambria Global Momentum ETF) are both Momentum funds. Both are actively managed. Over the past 10 years, IMOM returned 6.46%/yr vs 7.09%/yr for GMOM. Their 0.55 correlation means they have sometimes moved together and sometimes differently. IMOM charges 0.38%/yr vs 0.96%/yr for GMOM.
Performance
IMOM vs. GMOM - Performance Comparison
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Returns By Period
In the year-to-date period, IMOM achieves a 6.07% return, which is significantly lower than GMOM's 10.11% return. Over the past 10 years, IMOM has underperformed GMOM with an annualized return of 6.46%, while GMOM has yielded a comparatively higher 7.09% annualized return.
IMOM
- 1D
- 1.01%
- 1M
- -5.82%
- 6M
- -2.57%
- YTD
- 6.07%
- 1Y
- 24.42%
- 3Y*
- 19.43%
- 5Y*
- 5.76%
- 10Y*
- 6.46%
- ALL TIME*
- 6.86%
GMOM
- 1D
- -0.01%
- 1M
- 3.87%
- 6M
- 2.59%
- YTD
- 10.11%
- 1Y
- 25.71%
- 3Y*
- 11.80%
- 5Y*
- 7.70%
- 10Y*
- 7.09%
- ALL TIME*
- 5.82%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $399.63K | $320.17K | $293.32K | |
| $662.97K | $645.03K | $675.79K |
IMOM vs. GMOM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IMOM Alpha Architect International Quantitative Momentum ETF | 6.07% | 47.20% | 5.22% | 9.15% | -21.92% | -0.75% | 28.39% | 18.26% | -23.07% | 34.83% |
GMOM Cambria Global Momentum ETF | 10.11% | 20.63% | 6.75% | 0.65% | -2.82% | 19.13% | 2.42% | 8.24% | -9.61% | 20.67% |
Correlation
The correlation between IMOM and GMOM is 0.76, 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. | 0.76 |
Correlation (3Y) Balances recent behavior with more history. | 0.63 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.62 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.56 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.55 |
Over the past year, IMOM and GMOM have become more correlated (0.76) than their long-term average of 0.55, meaning their price movements have been converging.
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Return for Risk
IMOM vs. GMOM — Risk / Return Rank
IMOM
GMOM
IMOM vs. GMOM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alpha Architect International Quantitative Momentum ETF (IMOM) and Cambria Global Momentum ETF (GMOM). 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.
| IMOM | GMOM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.31 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.50 | 2.68 | -1.18 |
| Martin ratioReturn relative to average drawdown | 4.93 | 8.08 | -3.15 |
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Drawdowns
IMOM vs. GMOM - Drawdown Comparison
The maximum IMOM drawdown since its inception was -45.74%, which is greater than GMOM's maximum drawdown of -25.03%. Use the drawdown chart below to compare losses from any high point for IMOM and GMOM.
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Drawdown Indicators
| IMOM | GMOM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.74% | -25.03% | -20.71% |
Max Drawdown (1Y)Largest decline over 1 year | -16.75% | -9.57% | -7.18% |
Max Drawdown (3Y)Largest decline over 3 years | -17.51% | -13.73% | -3.78% |
Max Drawdown (5Y)Largest decline over 5 years | -39.27% | -19.16% | -20.11% |
Max Drawdown (10Y)Largest decline over 10 years | -45.74% | -25.03% | -20.71% |
Current DrawdownCurrent decline from peak | -12.35% | -3.35% | -9.00% |
Average DrawdownAverage peak-to-trough decline | -14.08% | -7.77% | -6.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.07% | 3.17% | +1.90% |
Volatility
IMOM vs. GMOM - Volatility Comparison
Alpha Architect International Quantitative Momentum ETF (IMOM) has a higher volatility of 8.90% compared to Cambria Global Momentum ETF (GMOM) at 3.35%. This indicates that IMOM's price experiences larger fluctuations and is considered to be riskier than GMOM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IMOM | GMOM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.90% | 3.35% | +5.55% |
Volatility (6M)Calculated over the trailing 6-month period | 19.66% | 11.89% | +7.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.00% | 14.71% | +7.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.31% | 14.37% | +5.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.32% | 12.94% | +7.38% |
IMOM vs. GMOM - Expense Ratio Comparison
IMOM has a 0.38% expense ratio, which is lower than GMOM's 0.96% expense ratio.
Dividends
IMOM vs. GMOM - Dividend Comparison
IMOM's dividend yield for the trailing twelve months is around 2.38%, more than GMOM's 1.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GMOM Cambria Global Momentum ETF | 1.48% | 3.01% | 2.16% | 3.63% | 2.52% | 3.42% | 1.24% | 2.60% | 1.90% | 2.05% | 1.77% | 1.88% |
IMOM Alpha Architect International Quantitative Momentum ETF | 2.38% | 2.53% | 4.52% | 2.95% | 6.06% | 1.27% | 0.59% | 1.17% | 0.78% | 1.11% | 0.54% | 0.00% |
Frequently Asked Questions
IMOM and GMOM have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IMOM has higher volatility (8.90%) compared to GMOM (3.35%). In terms of maximum drawdown, IMOM dropped -45.74% vs GMOM's -25.03%.
On 10-year performance, GMOM leads with 7.09% vs 6.46% for IMOM. On fees, IMOM is cheaper at 0.38% per year. On volatility, GMOM has been the lower-risk option at 3.35%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, GMOM has performed better with a 7.09% return vs 6.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IMOM is cheaper with a 0.38% expense ratio, compared with 0.96% for GMOM.
IMOM has the higher dividend yield at 2.38%, compared with 1.48% for GMOM.
They also come from different issuers: Alpha Architect and Cambria. Their fees differ too: 0.38% for IMOM and 0.96% for GMOM.
GMOM currently has the higher Sharpe Ratio (1.74 vs 1.14), 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.
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