MDAA vs. GAA
MDAA (Myriad Dynamic Asset Allocation ETF) and GAA (Cambria Global Asset Allocation ETF) are both Diversified Portfolio funds. Both are actively managed. A 0.67 correlation means they provide meaningful diversification when combined. MDAA charges 0.97%/yr vs 0.41%/yr for GAA.
Performance
MDAA vs. GAA - Performance Comparison
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Returns By Period
In the year-to-date period, MDAA achieves a 22.13% return, which is significantly higher than GAA's 9.39% return.
MDAA
- 1D
- -1.11%
- 1M
- 8.24%
- YTD
- 22.13%
- 6M
- 22.52%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GAA
- 1D
- -0.66%
- 1M
- 1.35%
- YTD
- 9.39%
- 6M
- 11.23%
- 1Y
- 22.62%
- 3Y*
- 14.43%
- 5Y*
- 6.37%
- 10Y*
- 7.72%
MDAA vs. GAA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MDAA Myriad Dynamic Asset Allocation ETF | 22.13% | -0.27% |
GAA Cambria Global Asset Allocation ETF | 9.39% | 3.62% |
Correlation
The correlation between MDAA and GAA is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 6, 2025 | 0.67 |
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Return for Risk
MDAA vs. GAA — Risk / Return Rank
MDAA
GAA
MDAA vs. GAA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Myriad Dynamic Asset Allocation ETF (MDAA) and Cambria Global Asset Allocation ETF (GAA). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| MDAA | GAA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.48 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.57 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.70 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.47 | 0.63 | +0.83 |
Drawdowns
MDAA vs. GAA - Drawdown Comparison
The maximum MDAA drawdown since its inception was -14.59%, smaller than the maximum GAA drawdown of -26.57%. Use the drawdown chart below to compare losses from any high point for MDAA and GAA.
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Drawdown Indicators
| MDAA | GAA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.59% | -26.57% | +11.98% |
Max Drawdown (1Y)Largest decline over 1 year | — | -5.78% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -7.18% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.47% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.57% | — |
Current DrawdownCurrent decline from peak | -1.11% | -0.66% | -0.45% |
Average DrawdownAverage peak-to-trough decline | -2.93% | -3.85% | +0.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.51% | — |
Volatility
MDAA vs. GAA - Volatility Comparison
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Volatility by Period
| MDAA | GAA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.60% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 7.41% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 23.89% | 9.19% | +14.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.89% | 11.28% | +12.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.89% | 11.09% | +12.80% |
MDAA vs. GAA - Expense Ratio Comparison
MDAA has a 0.97% expense ratio, which is higher than GAA's 0.41% expense ratio.
Dividends
MDAA vs. GAA - Dividend Comparison
MDAA's dividend yield for the trailing twelve months is around 0.38%, less than GAA's 3.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GAA Cambria Global Asset Allocation ETF | 3.59% | 4.24% | 3.88% | 3.73% | 6.05% | 4.21% | 2.73% | 3.32% | 3.01% | 2.36% | 2.82% | 2.49% |
MDAA Myriad Dynamic Asset Allocation ETF | 0.38% | 0.46% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MDAA and GAA have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GAA is cheaper at 0.41% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GAA is cheaper with a 0.41% expense ratio, compared with 0.97% for MDAA.
GAA has the higher dividend yield at 3.59%, compared with 0.38% for MDAA.
They also come from different issuers: Myriad and Cambria. Their fees differ too: 0.97% for MDAA and 0.41% for GAA.
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