TLTD vs. GVAL
Compare and contrast key facts about FlexShares Morningstar Developed Markets ex-US Factor Tilt (TLTD) and Cambria Global Value ETF (GVAL).
TLTD and GVAL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TLTD is a passively managed fund by Northern Trust that tracks the performance of the Morningstar Developed Markets ex-US Factor Tilt Index. It was launched on Sep 28, 2012. GVAL is an actively managed fund by Cambria. It was launched on Mar 11, 2014.
Performance
TLTD vs. GVAL - Performance Comparison
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TLTD vs. GVAL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt | 1.50% | 39.69% | 4.78% | 17.19% | -13.74% | 12.84% | 4.21% | 21.26% | -17.57% | 26.27% |
GVAL Cambria Global Value ETF | 5.70% | 55.87% | 2.59% | 13.30% | -7.98% | 10.70% | -8.51% | 17.24% | -14.30% | 29.50% |
Returns By Period
In the year-to-date period, TLTD achieves a 1.50% return, which is significantly lower than GVAL's 5.70% return. Over the past 10 years, TLTD has underperformed GVAL with an annualized return of 9.23%, while GVAL has yielded a comparatively higher 9.91% annualized return.
TLTD
- 1D
- 3.03%
- 1M
- -8.32%
- YTD
- 1.50%
- 6M
- 7.64%
- 1Y
- 30.17%
- 3Y*
- 17.62%
- 5Y*
- 9.49%
- 10Y*
- 9.23%
GVAL
- 1D
- 3.01%
- 1M
- -6.45%
- YTD
- 5.70%
- 6M
- 14.74%
- 1Y
- 38.86%
- 3Y*
- 23.32%
- 5Y*
- 13.26%
- 10Y*
- 9.91%
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TLTD vs. GVAL - Expense Ratio Comparison
TLTD has a 0.39% expense ratio, which is lower than GVAL's 0.66% expense ratio.
Return for Risk
TLTD vs. GVAL — Risk / Return Rank
TLTD
GVAL
TLTD vs. GVAL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares Morningstar Developed Markets ex-US Factor Tilt (TLTD) 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.
| TLTD | GVAL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.78 | 2.26 | -0.47 |
Sortino ratioReturn per unit of downside risk | 2.40 | 2.90 | -0.51 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.47 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 2.44 | 3.32 | -0.88 |
Martin ratioReturn relative to average drawdown | 9.90 | 12.67 | -2.77 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TLTD | GVAL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.78 | 2.26 | -0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.73 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.52 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.32 | +0.17 |
Correlation
The correlation between TLTD and GVAL is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
TLTD vs. GVAL - Dividend Comparison
TLTD's dividend yield for the trailing twelve months is around 3.29%, more than GVAL's 3.06% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt | 3.29% | 3.44% | 3.88% | 3.39% | 2.76% | 3.44% | 2.04% | 3.46% | 3.16% | 2.71% | 2.93% | 2.56% |
GVAL Cambria Global Value ETF | 3.06% | 2.93% | 4.75% | 6.12% | 5.05% | 2.97% | 1.90% | 2.84% | 4.65% | 2.00% | 2.54% | 2.11% |
Drawdowns
TLTD vs. GVAL - Drawdown Comparison
The maximum TLTD drawdown since its inception was -40.62%, smaller than the maximum GVAL drawdown of -46.82%. Use the drawdown chart below to compare losses from any high point for TLTD and GVAL.
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Drawdown Indicators
| TLTD | GVAL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.62% | -46.82% | +6.20% |
Max Drawdown (1Y)Largest decline over 1 year | -12.11% | -11.50% | -0.61% |
Max Drawdown (5Y)Largest decline over 5 years | -28.96% | -30.83% | +1.87% |
Max Drawdown (10Y)Largest decline over 10 years | -40.62% | -46.82% | +6.20% |
Current DrawdownCurrent decline from peak | -8.61% | -7.55% | -1.06% |
Average DrawdownAverage peak-to-trough decline | -7.74% | -14.04% | +6.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.98% | 3.02% | -0.04% |
Volatility
TLTD vs. GVAL - Volatility Comparison
The current volatility for FlexShares Morningstar Developed Markets ex-US Factor Tilt (TLTD) is 7.39%, while Cambria Global Value ETF (GVAL) has a volatility of 8.03%. This indicates that TLTD experiences smaller price fluctuations and is considered to be less risky than GVAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TLTD | GVAL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.39% | 8.03% | -0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 10.96% | 11.33% | -0.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.02% | 17.32% | -0.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.84% | 18.31% | -2.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.76% | 19.18% | -2.42% |