TRTY vs. GMMA

Last updated Jun 4, 2026

TRTY (Cambria Trinity ETF) and GMMA (GammaRoad Market Navigation ETF) are both Tactical Allocation funds - TRTY tracks the Cambria Trinity Index while GMMA tracks the MarketVector GammaRoad U.S. Equity Strategy Index. Both are passively managed. Over the past year, TRTY returned 23.79% vs 10.84% for GMMA. A 0.52 correlation means they provide meaningful diversification when combined. TRTY charges 0.44%/yr vs 0.75%/yr for GMMA.

Performance

TRTY vs. GMMA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cambria Trinity ETF (TRTY) and GammaRoad Market Navigation ETF (GMMA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TRTY achieves a 10.10% return, which is significantly higher than GMMA's 3.61% return.

TRTY

• 1D: -0.42%
• 1M: 0.96%
• YTD: 10.10%
• 6M: 11.29%
• 1Y: 23.79%
• 3Y*: 11.86%
• 5Y*: 5.91%
• 10Y*: —

GMMA

• 1D: -0.41%
• 1M: 3.45%
• YTD: 3.61%
• 6M: 3.75%
• 1Y: 10.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TRTY vs. GMMA - Yearly Performance Comparison

	2026 (YTD)	2025	2024
TRTY Cambria Trinity ETF	10.10%	16.35%	-1.94%
GMMA GammaRoad Market Navigation ETF	3.61%	8.95%	0.49%

Correlation

The correlation between TRTY and GMMA is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.59
Correlation (All Time) Calculated using the full available price history since Sep 18, 2024	0.52

The correlation between TRTY and GMMA has been stable across timeframes, ranging from 0.52 to 0.59 - a consistent structural relationship.

TRTY vs. GMMA - Sectors Allocation Comparison

Sectors	TRTY	GMMA
Energy	18.2%	3.5%
Financial Services	15.8%	11.8%
Industrials	13.4%	8.3%
Basic Materials	11.1%	1.8%
Real Estate	8.7%	1.9%
Consumer Cyclical	7.9%	10.1%
Technology	7.7%	35.6%
Utilities	6.9%	2.4%
Communication Services	3.9%	11.2%
Consumer Defensive	3.8%	4.9%
Healthcare	2.6%	8.5%

Return for Risk

TRTY vs. GMMA — Risk / Return Rank

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

TRTY

TRTY Risk / Return Rank: 79
TRTY Sharpe Ratio Rank: 76
TRTY Sortino Ratio Rank: 68
TRTY Omega Ratio Rank: 83
TRTY Calmar Ratio Rank: 82
TRTY Martin Ratio Rank: 85

GMMA

GMMA Risk / Return Rank: 65
GMMA Sharpe Ratio Rank: 62
GMMA Sortino Ratio Rank: 64
GMMA Omega Ratio Rank: 68
GMMA Calmar Ratio Rank: 66
GMMA Martin Ratio Rank: 63

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.

TRTY vs. GMMA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cambria Trinity ETF (TRTY) and GammaRoad Market Navigation ETF (GMMA). 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.

	TRTY	GMMA	Difference
Sharpe ratio Return per unit of total volatility	2.50	2.05	+0.46
Sortino ratio Return per unit of downside risk	3.17	2.92	+0.25
Omega ratio Gain probability vs. loss probability	1.50	1.40	+0.10
Calmar ratio Return relative to maximum drawdown	4.35	3.21	+1.14
Martin ratio Return relative to average drawdown	17.99	11.19	+6.80
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TRTY vs. GMMA - Sharpe Ratio Comparison

The current TRTY Sharpe Ratio is 2.50, which is comparable to the GMMA Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of TRTY and GMMA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TRTY	GMMA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.50	2.05	+0.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.56	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	1.09	-0.47

Drawdowns

TRTY vs. GMMA - Drawdown Comparison

The maximum TRTY drawdown since its inception was -22.35%, which is greater than GMMA's maximum drawdown of -5.21%. Use the drawdown chart below to compare losses from any high point for TRTY and GMMA.

Drawdown Indicators

	TRTY	GMMA	Difference
Max Drawdown Largest peak-to-trough decline	-22.35%	-5.21%	-17.14%
Max Drawdown (1Y) Largest decline over 1 year	-5.49%	-3.39%	-2.10%
Max Drawdown (3Y) Largest decline over 3 years	-9.25%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-13.72%	—	—
Current Drawdown Current decline from peak	-0.62%	-0.41%	-0.21%
Average Drawdown Average peak-to-trough decline	-4.17%	-1.23%	-2.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.33%	0.97%	+0.36%

Volatility

TRTY vs. GMMA - Volatility Comparison

Cambria Trinity ETF (TRTY) has a higher volatility of 2.35% compared to GammaRoad Market Navigation ETF (GMMA) at 1.88%. This indicates that TRTY's price experiences larger fluctuations and is considered to be riskier than GMMA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TRTY	GMMA	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.35%	1.88%	+0.47%
Volatility (6M) Calculated over the trailing 6-month period	8.25%	4.09%	+4.16%
Volatility (1Y) Calculated over the trailing 1-year period	9.54%	5.32%	+4.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.62%	7.10%	+3.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.41%	7.10%	+3.31%

TRTY vs. GMMA - Expense Ratio Comparison

TRTY has a 0.44% expense ratio, which is lower than GMMA's 0.75% expense ratio.

Dividends

TRTY vs. GMMA - Dividend Comparison

TRTY's dividend yield for the trailing twelve months is around 3.01%, less than GMMA's 3.65% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
GMMA GammaRoad Market Navigation ETF	3.65%	3.00%	0.57%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TRTY Cambria Trinity ETF	3.01%	2.86%	3.55%	3.24%	5.17%	4.52%	1.99%	2.64%	1.07%

Frequently Asked Questions

Can I hold both TRTY and GMMA in my portfolio?

TRTY and GMMA have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TRTY or GMMA?

TRTY has higher volatility (2.35%) compared to GMMA (1.88%). In terms of maximum drawdown, TRTY dropped -22.35% vs GMMA's -5.21%.

Which ETF is better, TRTY or GMMA?

On 1-year performance, TRTY leads with 23.79% vs 10.84% for GMMA. On fees, TRTY is cheaper at 0.44% per year. On volatility, GMMA has been the lower-risk option at 1.88%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TRTY or GMMA?

Over the 1-year period, TRTY has performed better with a 23.79% return vs 10.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TRTY or GMMA?

TRTY is cheaper with a 0.44% expense ratio, compared with 0.75% for GMMA.

Which ETF pays a higher dividend yield, TRTY or GMMA?

GMMA has the higher dividend yield at 3.65%, compared with 3.01% for TRTY.

What is the main difference between TRTY and GMMA?

TRTY tracks Cambria Trinity Index, while GMMA tracks MarketVector GammaRoad U.S. Equity Strategy Index. They also come from different issuers: Cambria and GammaRoad Capital Partners. Their fees differ too: 0.44% for TRTY and 0.75% for GMMA.

Which has better risk-adjusted returns?

TRTY currently has the higher Sharpe Ratio (2.50 vs 2.05), 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.