PAFGX vs. GAA
Compare and contrast key facts about T. Rowe Price Global Allocation Fund (PAFGX) and Cambria Global Asset Allocation ETF (GAA).
PAFGX is managed by T. Rowe Price. It was launched on May 27, 2013. 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: PAFGX or GAA.
Correlation
The correlation between PAFGX and GAA is 0.66, 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
PAFGX vs. GAA - Performance Comparison
Key characteristics
PAFGX:
1.00
GAA:
0.90
PAFGX:
1.30
GAA:
1.28
PAFGX:
1.20
GAA:
1.16
PAFGX:
0.76
GAA:
1.53
PAFGX:
4.08
GAA:
4.17
PAFGX:
2.01%
GAA:
1.98%
PAFGX:
8.25%
GAA:
9.15%
PAFGX:
-26.89%
GAA:
-26.57%
PAFGX:
-3.57%
GAA:
-2.33%
Returns By Period
In the year-to-date period, PAFGX achieves a 2.98% return, which is significantly higher than GAA's 1.41% return. Over the past 10 years, PAFGX has underperformed GAA with an annualized return of 4.57%, while GAA has yielded a comparatively higher 5.00% annualized return.
PAFGX
2.98%
0.53%
-0.36%
7.11%
3.74%
4.57%
GAA
1.41%
0.35%
0.88%
7.97%
5.27%
5.00%
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PAFGX vs. GAA - Expense Ratio Comparison
PAFGX has a 1.02% expense ratio, which is higher than GAA's 0.41% expense ratio.
Risk-Adjusted Performance
PAFGX vs. GAA — Risk-Adjusted Performance Rank
PAFGX
GAA
PAFGX vs. GAA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Global Allocation Fund (PAFGX) 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
PAFGX vs. GAA - Dividend Comparison
PAFGX's dividend yield for the trailing twelve months is around 2.35%, less than GAA's 3.82% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PAFGX T. Rowe Price Global Allocation Fund | 2.35% | 2.42% | 2.32% | 1.22% | 0.52% | 0.66% | 1.27% | 1.74% | 0.79% | 1.09% | 0.95% | 1.03% |
GAA Cambria Global Asset Allocation ETF | 3.82% | 3.88% | 3.73% | 6.05% | 4.21% | 2.73% | 3.32% | 3.00% | 2.35% | 2.81% | 2.49% | 0.57% |
Drawdowns
PAFGX vs. GAA - Drawdown Comparison
The maximum PAFGX drawdown since its inception was -26.89%, roughly equal to the maximum GAA drawdown of -26.57%. Use the drawdown chart below to compare losses from any high point for PAFGX and GAA. For additional features, visit the drawdowns tool.
Volatility
PAFGX vs. GAA - Volatility Comparison
The current volatility for T. Rowe Price Global Allocation Fund (PAFGX) is 1.91%, while Cambria Global Asset Allocation ETF (GAA) has a volatility of 2.32%. This indicates that PAFGX 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.