TAIL vs. GMOM
TAIL (Cambria Tail Risk ETF) and GMOM (Cambria Global Momentum ETF) are both exchange-traded funds - TAIL is a Equity Hedged fund actively managed by Cambria, while GMOM is a Momentum fund actively managed by Cambria. Both are actively managed. Over the past 5 years, TAIL returned -9.07%/yr vs 7.70%/yr for GMOM. Their -0.38 correlation means they have often moved in opposite directions in the past. TAIL charges 0.59%/yr vs 0.96%/yr for GMOM.
Performance
TAIL vs. GMOM - Performance Comparison
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Returns By Period
In the year-to-date period, TAIL achieves a -8.13% return, which is significantly lower than GMOM's 10.11% return.
TAIL
- 1D
- -0.57%
- 1M
- -1.69%
- 6M
- -7.65%
- YTD
- -8.13%
- 1Y
- -11.00%
- 3Y*
- -4.90%
- 5Y*
- -9.07%
- 10Y*
- —
- ALL TIME*
- -7.28%
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 | |
| $1.12M | $1.66M | $2.24M |
TAIL vs. GMOM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TAIL Cambria Tail Risk ETF | -8.13% | 5.48% | -9.62% | -13.29% | -13.13% | -12.81% | 6.91% | -14.27% | 2.85% | -7.55% |
GMOM Cambria Global Momentum ETF | 10.11% | 20.63% | 6.75% | 0.65% | -2.82% | 19.13% | 2.42% | 8.24% | -9.61% | 12.00% |
Correlation
The correlation between TAIL and GMOM is -0.44, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.44 |
Correlation (3Y) Balances recent behavior with more history. | -0.36 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.36 |
Correlation (All Time) Calculated using the full available price history since Jun 13, 2017 | -0.38 |
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Return for Risk
TAIL vs. GMOM — Risk / Return Rank
TAIL
GMOM
TAIL vs. GMOM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cambria Tail Risk ETF (TAIL) 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.
| TAIL | GMOM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.84 | ||
| Sortino ratioReturn per unit of downside risk | -3.89 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.31 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | -0.74 | 2.68 | -3.42 |
| Martin ratioReturn relative to average drawdown | -1.52 | 8.08 | -9.60 |
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Drawdowns
TAIL vs. GMOM - Drawdown Comparison
The maximum TAIL drawdown since its inception was -52.57%, which is greater than GMOM's maximum drawdown of -25.03%. Use the drawdown chart below to compare losses from any high point for TAIL and GMOM.
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Drawdown Indicators
| TAIL | GMOM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.57% | -25.03% | -27.54% |
Max Drawdown (1Y)Largest decline over 1 year | -12.68% | -9.57% | -3.11% |
Max Drawdown (3Y)Largest decline over 3 years | -22.20% | -13.73% | -8.47% |
Max Drawdown (5Y)Largest decline over 5 years | -38.03% | -19.16% | -18.87% |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.03% | — |
Current DrawdownCurrent decline from peak | -52.57% | -3.35% | -49.22% |
Average DrawdownAverage peak-to-trough decline | -29.50% | -7.77% | -21.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.16% | 3.17% | +2.99% |
Volatility
TAIL vs. GMOM - Volatility Comparison
The current volatility for Cambria Tail Risk ETF (TAIL) is 1.80%, while Cambria Global Momentum ETF (GMOM) has a volatility of 3.35%. This indicates that TAIL experiences smaller price fluctuations and is considered to be less risky 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
| TAIL | GMOM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.80% | 3.35% | -1.55% |
Volatility (6M)Calculated over the trailing 6-month period | 6.72% | 11.89% | -5.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.59% | 14.71% | -6.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.88% | 14.37% | +0.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.84% | 12.94% | +1.90% |
TAIL vs. GMOM - Expense Ratio Comparison
TAIL has a 0.59% expense ratio, which is lower than GMOM's 0.96% expense ratio.
Dividends
TAIL vs. GMOM - Dividend Comparison
TAIL's dividend yield for the trailing twelve months is around 2.99%, 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% |
TAIL Cambria Tail Risk ETF | 2.99% | 2.88% | 3.48% | 3.74% | 1.50% | 0.49% | 0.36% | 1.58% | 1.52% | 0.91% | 0.00% | 0.00% |
Frequently Asked Questions
TAIL and GMOM have a correlation of -0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GMOM has higher volatility (3.35%) compared to TAIL (1.80%). In terms of maximum drawdown, TAIL dropped -52.57% vs GMOM's -25.03%.
On 5-year performance, GMOM leads with 7.70% vs -9.07% for TAIL. On fees, TAIL is cheaper at 0.59% per year. On volatility, TAIL has been the lower-risk option at 1.80%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, GMOM has performed better with a 7.70% return vs -9.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TAIL is cheaper with a 0.59% expense ratio, compared with 0.96% for GMOM.
TAIL has the higher dividend yield at 2.99%, compared with 1.48% for GMOM.
TAIL is categorized as Equity Hedged, while GMOM is Momentum. Their fees differ too: 0.59% for TAIL and 0.96% for GMOM.
GMOM currently has the higher Sharpe Ratio (1.74 vs -1.09), 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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