KEAT vs. ENDW

Last updated Jun 24, 2026

KEAT (Keating Active ETF) and ENDW (Cambria Endowment Style ETF) are both Global Allocation funds. Both are actively managed. Over the past year, KEAT returned 19.10% vs 25.06% for ENDW. At a 0.47 correlation, their price movements are largely independent. KEAT charges 0.85%/yr vs 0.29%/yr for ENDW.

Performance

KEAT vs. ENDW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Keating Active ETF (KEAT) and Cambria Endowment Style ETF (ENDW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KEAT achieves a 5.02% return, which is significantly lower than ENDW's 8.64% return.

KEAT

• 1D: -0.30%
• 1M: -5.12%
• YTD: 5.02%
• 6M: 4.22%
• 1Y: 19.10%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ENDW

• 1D: -1.20%
• 1M: -1.03%
• YTD: 8.64%
• 6M: 7.91%
• 1Y: 25.06%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KEAT vs. ENDW - Yearly Performance Comparison

	2026 (YTD)	2025
KEAT Keating Active ETF	5.02%	20.82%
ENDW Cambria Endowment Style ETF	8.64%	29.25%

Correlation

The correlation between KEAT and ENDW is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.55
Correlation (All Time) Calculated using the full available price history since Apr 10, 2025	0.47

The correlation between KEAT and ENDW has been stable across timeframes, ranging from 0.47 to 0.55 - a consistent structural relationship.

Return for Risk

KEAT vs. ENDW — Risk / Return Rank

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

KEAT

KEAT Risk / Return Rank: 51
KEAT Sharpe Ratio Rank: 57
KEAT Sortino Ratio Rank: 54
KEAT Omega Ratio Rank: 55
KEAT Calmar Ratio Rank: 44
KEAT Martin Ratio Rank: 45

ENDW

ENDW Risk / Return Rank: 80
ENDW Sharpe Ratio Rank: 81
ENDW Sortino Ratio Rank: 79
ENDW Omega Ratio Rank: 79
ENDW Calmar Ratio Rank: 80
ENDW Martin Ratio Rank: 83

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.

KEAT vs. ENDW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Keating Active ETF (KEAT) and Cambria Endowment Style ETF (ENDW). 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.

	KEAT	ENDW	Difference
Sharpe ratio: Return per unit of total volatility	1.79	2.41	-0.62
Sortino ratio: Return per unit of downside risk	2.42	3.24	-0.82
Omega ratio: Gain probability vs. loss probability	1.32	1.44	-0.12
Calmar ratio: Return relative to maximum drawdown	2.04	3.91	-1.87
Martin ratio: Return relative to average drawdown	6.99	15.60	-8.61

KEAT vs. ENDW - Sharpe Ratio Comparison

The current KEAT Sharpe Ratio is 1.79, which is comparable to the ENDW Sharpe Ratio of 2.41. The chart below compares the historical Sharpe Ratios of KEAT and ENDW, 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

KEAT vs. ENDW - Drawdown Comparison

The maximum KEAT drawdown since its inception was -9.40%, which is greater than ENDW's maximum drawdown of -6.44%. Use the drawdown chart below to compare losses from any high point for KEAT and ENDW.

Drawdown Indicators

	KEAT	ENDW	Difference
Max Drawdown Largest peak-to-trough decline	-9.40%	-6.44%	-2.96%
Max Drawdown (1Y) Largest decline over 1 year	-9.40%	-6.44%	-2.96%
Current Drawdown Current decline from peak	-9.40%	-2.53%	-6.87%
Average Drawdown Average peak-to-trough decline	-1.70%	-0.84%	-0.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.74%	1.61%	+1.13%

Volatility

KEAT vs. ENDW - Volatility Comparison

The current volatility for Keating Active ETF (KEAT) is 3.48%, while Cambria Endowment Style ETF (ENDW) has a volatility of 3.75%. This indicates that KEAT experiences smaller price fluctuations and is considered to be less risky than ENDW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KEAT	ENDW	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.48%	3.75%	-0.27%
Volatility (6M) Calculated over the trailing 6-month period	8.81%	8.20%	+0.61%
Volatility (1Y) Calculated over the trailing 1-year period	10.73%	10.51%	+0.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.41%	11.27%	-0.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.41%	11.27%	-0.86%

KEAT vs. ENDW - Expense Ratio Comparison

KEAT has a 0.85% expense ratio, which is higher than ENDW's 0.29% expense ratio.

Dividends

KEAT vs. ENDW - Dividend Comparison

KEAT's dividend yield for the trailing twelve months is around 2.34%, more than ENDW's 2.23% yield.

Position	TTM	2025	2024
ENDW Cambria Endowment Style ETF	2.23%	1.91%	0.00%
KEAT Keating Active ETF	2.34%	2.48%	1.72%

Frequently Asked Questions

Can I hold both KEAT and ENDW in my portfolio?

KEAT and ENDW have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KEAT or ENDW?

ENDW has higher volatility (3.75%) compared to KEAT (3.48%). In terms of maximum drawdown, KEAT dropped -9.40% vs ENDW's -6.44%.

Which ETF is better, KEAT or ENDW?

On 1-year performance, ENDW leads with 25.06% vs 19.10% for KEAT. On fees, ENDW is cheaper at 0.29% per year. On volatility, KEAT has been the lower-risk option at 3.48%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, KEAT or ENDW?

Over the 1-year period, ENDW has performed better with a 25.06% return vs 19.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, KEAT or ENDW?

ENDW is cheaper with a 0.29% expense ratio, compared with 0.85% for KEAT.

Which ETF pays a higher dividend yield, KEAT or ENDW?

KEAT has the higher dividend yield at 2.34%, compared with 2.23% for ENDW.

What is the main difference between KEAT and ENDW?

They also come from different issuers: Keating and Cambria. Their fees differ too: 0.85% for KEAT and 0.29% for ENDW.

Which has better risk-adjusted returns?

ENDW currently has the higher Sharpe Ratio (2.41 vs 1.79), 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.