Launch Roundup
Subversive ETFs listed S&P 500 and Nasdaq-100 funds that exclude Elon Musk's companies
Cambria Global Asset Allocation ETF
$35.44+0.28 (+0.80%)
- 0.32%
- $79M
- +16.8%
- 3.44%
- 0M sh
- $35.12
- low $28.58high $36.53
The ETF.net GAA Grade
A
Score 71 out of 100
- 6 of 37
Score 71 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A78 out of 100Rank 9 of 37Mission
Whether the fund did what it promised, tested against its stated mandate.A85 out of 100Rank 6 of 29Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B69 out of 100Rank 5 of 35Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C40 out of 100Rank 27 of 37Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A73 out of 100Rank 10 of 33Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B61 out of 100Rank 16 of 37
Our read on GAA
AMeb Faber's answer to the US-heavy 60/40: one ticker holding about 30 ETFs across global stocks, bonds, real estate, commodities and currencies. Cambria's management fee on the wrapper is 0.00%; you pay the underlying funds.
The Fund seeks to preserve and grow capital through a diversified portfolio spanning global stocks, bonds, commodities, and currencies. It uses a quantitative, buy-and-hold approach across global asset classes, including value and momentum exposures.
Why people hold it
- Cambria takes a 0.00% management fee at the fund level. The roughly 0.40% you pay is the underlying ETFs' own fees, about half the typical allocation fund's expense ratio.sec.gov
- One trade, a global market portfolio: about 30 underlying funds spanning worldwide stocks, bonds, real estate, commodities and currencies.prnewswire.com
- Value and momentum tilts are built into the mix, so it leans toward cheap and trending assets rather than a plain cap-weighted blend.
- Live since 2014, paying quarterly, and it sits in the upper tier of the allocation funds we grade.
Worth knowing
- Thinly traded next to the big allocation names, so spreads can run wider and larger orders may take patience.
- The 0.00% headline covers the wrapper only. The real cost sits inside the holdings, some of which are Cambria's own ETFs.sec.gov
- Owning the whole world means far less US stock than a home-market 60/40, so the ride can look nothing like the S&P 500 for long stretches.prnewswire.com
GAA Holdings
- Stocks
- 31
- 58%
- EYLD
Sectors
- Financials19.7%
- Real Estate12.6%
- Energy12.5%
- Technology11.1%
- Industrials10.3%
- Consumer Discretionary8.8%
- Materials8.5%
- Health Care5.2%
- Communication4.0%
- Consumer Staples4.0%
- Utilities3.2%
Geography
- United States100.00%
GAA Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
GAA$11,684
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | GAA |
|---|---|
| Year to date | +10.8% |
| 1 month | −1.9% |
| 3 months | +2.1% |
| 1 year | +16.8% |
| 3 years | +15.1% |
| 5 years | +7.0% |
| 10 years | +7.5% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | GAA |
|---|---|---|
| 2026 YTD | +10.8% | |
| 2025 | +18.8% | |
| 2024 | +6.6% | |
| 2023 | +7.7% | |
| 2022 | −8.4% | |
| 2021 | +11.2% | |
| 2020 | +9.1% |
GAA in the news
GAA Dividends
- 3.44%
- $1.21
- $0.29 per share
- Quarterly
Distribution history
GAA Risk
- 8.3%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.10
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −18.4%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.76
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
GAA Cost
0.32%
GAA0.32%
- The middle half of Multi-Asset Allocation funds
- Median 0.58%
8 of the 37 Multi-Asset Allocation funds charge less.
Other funds in Multi-Asset Allocation
- AINCEFranklin Income Equity Focus ETFExpense ratio 0.29%1 year return +20.2%
- ATRTYCambria Trinity ETFExpense ratio 0.39%1 year return +18.5%
- BTBFCBrinsmere Fund Conservative ETFExpense ratio 0.44%1 year return +7.1%
- BDIALColumbia Diversified Fixed Income Allocation ETFExpense ratio 0.29%1 year return −0.9%
- BGALState Street Global Allocation ETFExpense ratio 0.35%1 year return +12.7%