OCIO vs. GAA
Compare and contrast key facts about ClearShares OCIO ETF (OCIO) and Cambria Global Asset Allocation ETF (GAA).
OCIO and GAA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. OCIO is an actively managed fund by ClearShares LLC. It was launched on Jun 27, 2017. GAA is an actively managed fund by Cambria. It was launched on Dec 9, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OCIO or GAA.
Key characteristics
| OCIO | GAA | |
|---|---|---|
| YTD Return | 13.86% | 7.79% |
| 1Y Return | 20.66% | 16.28% |
| 3Y Return (Ann) | 4.25% | 1.45% |
| 5Y Return (Ann) | 8.40% | 5.73% |
| Sharpe Ratio | 2.32 | 1.52 |
| Sortino Ratio | 3.24 | 2.20 |
| Omega Ratio | 1.43 | 1.27 |
| Calmar Ratio | 2.61 | 1.50 |
| Martin Ratio | 13.77 | 10.18 |
| Ulcer Index | 1.55% | 1.52% |
| Daily Std Dev | 9.19% | 10.17% |
| Max Drawdown | -24.21% | -26.57% |
| Current Drawdown | -0.50% | -2.67% |
Correlation
The correlation between OCIO and GAA is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
OCIO vs. GAA - Performance Comparison
In the year-to-date period, OCIO achieves a 13.86% return, which is significantly higher than GAA's 7.79% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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OCIO vs. GAA - Expense Ratio Comparison
OCIO has a 0.61% expense ratio, which is higher than GAA's 0.41% expense ratio.
Risk-Adjusted Performance
OCIO vs. GAA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ClearShares OCIO ETF (OCIO) 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.
Dividends
OCIO vs. GAA - Dividend Comparison
OCIO's dividend yield for the trailing twelve months is around 1.88%, less than GAA's 4.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
OCIO ClearShares OCIO ETF | 1.88% | 2.32% | 3.21% | 2.83% | 2.90% | 2.22% | 2.16% | 0.84% | 0.00% | 0.00% | 0.00% |
GAA Cambria Global Asset Allocation ETF | 4.59% | 3.73% | 6.05% | 4.21% | 2.73% | 3.32% | 3.00% | 2.35% | 2.81% | 2.49% | 0.57% |
Drawdowns
OCIO vs. GAA - Drawdown Comparison
The maximum OCIO drawdown since its inception was -24.21%, smaller than the maximum GAA drawdown of -26.57%. Use the drawdown chart below to compare losses from any high point for OCIO and GAA. For additional features, visit the drawdowns tool.
Volatility
OCIO vs. GAA - Volatility Comparison
The current volatility for ClearShares OCIO ETF (OCIO) is 2.72%, while Cambria Global Asset Allocation ETF (GAA) has a volatility of 3.05%. This indicates that OCIO experiences smaller price fluctuations and is considered to be less risky than GAA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.