VEGN vs. BLDG

Last updated Jun 14, 2026

VEGN (US Vegan Climate ETF) and BLDG (Cambria Global Real Estate ETF) are both exchange-traded funds - VEGN is a Large Cap Growth Equities fund tracking the US Vegan Climate Index, while BLDG is a REIT fund actively managed by Cambria. VEGN is passively managed, while BLDG is actively managed. Over the past 5 years, VEGN returned 16.04%/yr vs 2.80%/yr for BLDG. A 0.55 correlation means they provide meaningful diversification when combined. VEGN charges 0.60%/yr vs 0.59%/yr for BLDG.

Performance

VEGN vs. BLDG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in US Vegan Climate ETF (VEGN) and Cambria Global Real Estate ETF (BLDG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VEGN achieves a 29.30% return, which is significantly higher than BLDG's 11.81% return.

VEGN

• 1D: 1.15%
• 1M: 6.90%
• YTD: 29.30%
• 6M: 29.81%
• 1Y: 47.39%
• 3Y*: 27.86%
• 5Y*: 16.04%
• 10Y*: —

BLDG

• 1D: 0.58%
• 1M: 4.13%
• YTD: 11.81%
• 6M: 12.26%
• 1Y: 14.51%
• 3Y*: 10.36%
• 5Y*: 2.80%
• 10Y*: —

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

VEGN vs. BLDG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
VEGN US Vegan Climate ETF	29.30%	13.71%	25.42%	38.10%	-26.87%	26.01%	18.82%
BLDG Cambria Global Real Estate ETF	11.81%	4.26%	8.18%	1.76%	-14.66%	22.47%	15.25%

Correlation

The correlation between VEGN and BLDG is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.45
Correlation (5Y) Calculated over the trailing 5-year period	0.55
Correlation (All Time) Calculated using the full available price history since Sep 24, 2020	0.55

Over the past year, the correlation between VEGN and BLDG has dropped to 0.27 - well below their long-term average of 0.55, suggesting their price drivers have been diverging.

Return for Risk

VEGN vs. BLDG — Risk / Return Rank

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

VEGN

VEGN Risk / Return Rank: 85
VEGN Sharpe Ratio Rank: 89
VEGN Sortino Ratio Rank: 85
VEGN Omega Ratio Rank: 84
VEGN Calmar Ratio Rank: 82
VEGN Martin Ratio Rank: 84

BLDG

BLDG Risk / Return Rank: 34
BLDG Sharpe Ratio Rank: 37
BLDG Sortino Ratio Rank: 36
BLDG Omega Ratio Rank: 33
BLDG Calmar Ratio Rank: 30
BLDG Martin Ratio Rank: 34

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.

VEGN vs. BLDG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for US Vegan Climate ETF (VEGN) and Cambria Global Real Estate ETF (BLDG). 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.

	VEGN	BLDG	Difference
Sharpe ratio: Return per unit of total volatility	2.57	1.17	+1.40
Sortino ratio: Return per unit of downside risk	3.32	1.68	+1.64
Omega ratio: Gain probability vs. loss probability	1.44	1.20	+0.24
Calmar ratio: Return relative to maximum drawdown	3.82	1.30	+2.52
Martin ratio: Return relative to average drawdown	14.98	4.59	+10.39

VEGN vs. BLDG - Sharpe Ratio Comparison

The current VEGN Sharpe Ratio is 2.57, which is higher than the BLDG Sharpe Ratio of 1.17. The chart below compares the historical Sharpe Ratios of VEGN and BLDG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VEGN vs. BLDG - Drawdown Comparison

The maximum VEGN drawdown since its inception was -34.14%, which is greater than BLDG's maximum drawdown of -27.25%. Use the drawdown chart below to compare losses from any high point for VEGN and BLDG.

Drawdown Indicators

	VEGN	BLDG	Difference
Max Drawdown Largest peak-to-trough decline	-34.14%	-27.25%	-6.89%
Max Drawdown (1Y) Largest decline over 1 year	-11.85%	-10.08%	-1.77%
Max Drawdown (3Y) Largest decline over 3 years	-20.91%	-18.57%	-2.34%
Max Drawdown (5Y) Largest decline over 5 years	-33.40%	-27.25%	-6.15%
Current Drawdown Current decline from peak	-2.71%	0.00%	-2.71%
Average Drawdown Average peak-to-trough decline	-7.57%	-9.18%	+1.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.02%	2.86%	+0.16%

Volatility

VEGN vs. BLDG - Volatility Comparison

US Vegan Climate ETF (VEGN) has a higher volatility of 8.77% compared to Cambria Global Real Estate ETF (BLDG) at 3.71%. This indicates that VEGN's price experiences larger fluctuations and is considered to be riskier than BLDG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VEGN	BLDG	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.77%	3.71%	+5.06%
Volatility (6M) Calculated over the trailing 6-month period	15.05%	8.38%	+6.67%
Volatility (1Y) Calculated over the trailing 1-year period	17.62%	11.20%	+6.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.48%	15.27%	+5.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.87%	15.52%	+7.35%

VEGN vs. BLDG - Expense Ratio Comparison

VEGN has a 0.60% expense ratio, which is higher than BLDG's 0.59% expense ratio.

Dividends

VEGN vs. BLDG - Dividend Comparison

VEGN's dividend yield for the trailing twelve months is around 0.50%, less than BLDG's 5.42% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
BLDG Cambria Global Real Estate ETF	5.42%	7.46%	7.97%	4.99%	3.99%	10.40%	0.59%	0.00%
VEGN US Vegan Climate ETF	0.50%	0.51%	0.51%	0.67%	0.81%	0.41%	0.71%	0.29%

Frequently Asked Questions

Can I hold both VEGN and BLDG in my portfolio?

VEGN and BLDG have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VEGN or BLDG?

VEGN has higher volatility (8.77%) compared to BLDG (3.71%). In terms of maximum drawdown, VEGN dropped -34.14% vs BLDG's -27.25%.

Which ETF is better, VEGN or BLDG?

On 5-year performance, VEGN leads with 16.04% vs 2.80% for BLDG. On fees, BLDG is cheaper at 0.59% per year. On volatility, BLDG has been the lower-risk option at 3.71%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VEGN or BLDG?

Over the 5-year period, VEGN has performed better with a 16.04% return vs 2.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VEGN or BLDG?

BLDG is cheaper with a 0.59% expense ratio, compared with 0.60% for VEGN.

Which ETF pays a higher dividend yield, VEGN or BLDG?

BLDG has the higher dividend yield at 5.42%, compared with 0.50% for VEGN.

What is the main difference between VEGN and BLDG?

VEGN is categorized as Large Cap Growth Equities, while BLDG is REIT. They also come from different issuers: Beyond Investing and Cambria. Their fees differ too: 0.60% for VEGN and 0.59% for BLDG.

Which has better risk-adjusted returns?

VEGN currently has the higher Sharpe Ratio (2.57 vs 1.17), 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.