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TGLB vs. GVAL
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TGLB vs. GVAL

Last updated Jun 26, 2026

TGLB (T. Rowe Price Global Equity ETF) and GVAL (Cambria Global Value ETF) are both Global Equities funds. Over the past year, TGLB returned 13.13% vs 38.99% for GVAL. A 0.69 correlation means they provide meaningful diversification when combined. TGLB charges 0.46%/yr vs 0.64%/yr for GVAL.

Performance

TGLB vs. GVAL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Global Equity ETF (TGLB) and Cambria Global Value ETF (GVAL). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, TGLB achieves a 8.78% return, which is significantly lower than GVAL's 15.66% return.

TGLB

1D
0.09%
1M
-1.24%
YTD
8.78%
6M
7.27%
1Y
13.13%
3Y*
—
5Y*
—
10Y*
—

GVAL

1D
-0.25%
1M
1.41%
YTD
15.66%
6M
15.12%
1Y
38.99%
3Y*
26.70%
5Y*
13.89%
10Y*
11.67%
*Multi-year figures are annualized to reflect compound growth (CAGR)

TGLB vs. GVAL - Yearly Performance Comparison

2026 (YTD)2025
TGLB
T. Rowe Price Global Equity ETF		8.78%3.99%
GVAL
Cambria Global Value ETF		15.66%20.17%

Correlation

The correlation between TGLB and GVAL is 0.69, 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 Jun 26, 2025

0.69

TGLB vs. GVAL - Sectors Allocation Comparison

Sectors
TGLB
GVAL

Technology

34.5%
9.4%

Financial Services

17.4%
16.9%

Communication Services

11.8%
4.3%

Industrials

9.0%
3.6%

Healthcare

7.8%

-

Consumer Cyclical

7.7%
2.7%

Basic Materials

6.1%
7.7%

Utilities

2.6%
3.7%

Energy

2.0%
6.8%

Consumer Defensive

1.1%
1.8%

Real Estate

-

6.2%

Technology

TGLB
34.5%
GVAL
9.4%

Financial Services

TGLB
17.4%
GVAL
16.9%

Communication Services

TGLB
11.8%
GVAL
4.3%

Industrials

TGLB
9.0%
GVAL
3.6%

Healthcare

TGLB
7.8%
GVAL

-

Consumer Cyclical

TGLB
7.7%
GVAL
2.7%

Basic Materials

TGLB
6.1%
GVAL
7.7%

Utilities

TGLB
2.6%
GVAL
3.7%

Energy

TGLB
2.0%
GVAL
6.8%

Consumer Defensive

TGLB
1.1%
GVAL
1.8%

Real Estate

TGLB

-

GVAL
6.2%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

T. Rowe Price Global Equity ETF

Cambria Global Value ETF

Often compared with TGLB:
TGLB vs. TFLRTGLB vs. BDVLTGLB vs. WBIFTGLB vs. FIXTTGLB vs. IDVTGLB vs. FYLDTGLB vs. AVGV
Often compared with GVAL:
GVAL vs. EYLDGVAL vs. AUSFGVAL vs. SPMOGVAL vs. DFIVGVAL vs. VOOGVAL vs. AVESGVAL vs. VWO

Return for Risk

TGLB vs. GVAL — Risk / Return Rank

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

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

GVAL
GVAL Risk / Return Rank: 8383
Overall Rank
GVAL Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
GVAL Sortino Ratio Rank: 8686
Sortino Ratio Rank
GVAL Omega Ratio Rank: 8686
Omega Ratio Rank
GVAL Calmar Ratio Rank: 7676
Calmar Ratio Rank
GVAL Martin Ratio Rank: 7777
Martin Ratio Rank
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.

TGLB vs. GVAL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Global Equity ETF (TGLB) and Cambria Global Value ETF (GVAL). 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.

TGLBGVALDifference
Sharpe ratioReturn per unit of total volatility

—

2.52

—

Sortino ratioReturn per unit of downside risk

—

3.37

—

Omega ratioGain probability vs. loss probability

—

1.45

—

Calmar ratioReturn relative to maximum drawdown

—

3.41

—

Martin ratioReturn relative to average drawdown

—

12.90

—

TGLB vs. GVAL - Sharpe Ratio Comparison

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Drawdowns

TGLB vs. GVAL - Drawdown Comparison

The maximum TGLB drawdown since its inception was -9.78%, smaller than the maximum GVAL drawdown of -46.82%. Use the drawdown chart below to compare losses from any high point for TGLB and GVAL.

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Drawdown Indicators

TGLBGVALDifference

Max Drawdown

Largest peak-to-trough decline

-9.78%

-46.82%

+37.04%

Max Drawdown (1Y)

Largest decline over 1 year

-9.78%

-11.50%

+1.72%

Max Drawdown (3Y)

Largest decline over 3 years

—

-15.72%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-30.83%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-46.82%

—

Current Drawdown

Current decline from peak

-3.49%

-3.75%

+0.26%

Average Drawdown

Average peak-to-trough decline

-1.83%

-13.82%

+11.99%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

3.03%

—

Volatility

TGLB vs. GVAL - Volatility Comparison

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Volatility by Period

TGLBGVALDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

6.42%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

13.83%

—

Volatility (1Y)

Calculated over the trailing 1-year period

14.21%

15.53%

-1.32%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.21%

18.60%

-4.39%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.21%

19.00%

-4.79%

TGLB vs. GVAL - Expense Ratio Comparison

TGLB has a 0.46% expense ratio, which is lower than GVAL's 0.64% expense ratio.

Dividends

TGLB vs. GVAL - Dividend Comparison

TGLB's dividend yield for the trailing twelve months is around 0.18%, less than GVAL's 2.47% yield.

PositionTTM20252024202320222021202020192018201720162015
GVAL
Cambria Global Value ETF		2.47%2.93%4.75%6.12%5.05%2.97%1.90%2.84%4.65%2.00%2.54%2.11%
TGLB
T. Rowe Price Global Equity ETF		0.18%0.20%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

TGLB and GVAL have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On 1-year performance, GVAL leads with 38.99% vs 13.13% for TGLB. On fees, TGLB is cheaper at 0.46% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 1-year period, GVAL has performed better with a 38.99% return vs 13.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

TGLB is cheaper with a 0.46% expense ratio, compared with 0.64% for GVAL.

GVAL has the higher dividend yield at 2.47%, compared with 0.18% for TGLB.

They also come from different issuers: T. Rowe Price and Cambria. Their fees differ too: 0.46% for TGLB and 0.64% for GVAL.

Portfolio Optimizer

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