DDXX vs ENDW: Grades, Fees and Holdings Compared

Defined Duration 20 ETF

DDXXBCboe

Cambria Endowment Style ETF

ENDWANasdaq

Overlap

0.6%by weight

Expense ratio

ENDW −0.03pt a year

DDXX0.25%ENDW0.22%

Avg volume · 30D

ENDW 7.4×the volume

DDXX2.31KENDW17.1K

DDXX vs ENDW Performance

Dec 31, 2025 – Oct 30, 2026

+11.2%DDXX+12.7%ENDW

Expense ratio: DDXX 0.25%; ENDW 0.22%, better
Fund size: DDXX $21M; ENDW $160M
1Y total return: DDXX No data; ENDW +14.9%
Yield (12M): DDXX No data; ENDW 2.37%
Holdings: DDXX 12; ENDW 73
Avg volume (30D): DDXX 2.31K sh; ENDW 17.1K sh, better
NAV per share: DDXX $28.07; ENDW $34.35
52W range

ETF.net Grade

Pillar letters and Scores for DDXX, ENDW, with each pillar’s weight
Pillar	DDXX	ENDW
Cost30% weight	A98	A100Higher
Mission25% weight	Not scored	A81
Risk15% weight	C53	A75Higher
Tradability15% weight	D26	B69Higher
Holdings10% weight	B55	B62Higher
Durability5% weight	F20	B65Higher

Rank among Tactical Allocation funds

How we build Categories ›

Same Category. DDXX and ENDW are both graded against the same 46 Tactical Allocation funds, so their Grades compare head to head.

Tactical Allocation⁠

Category · 46 funds

See all 46 ›

ENDW ranks 1st and DDXX 9th of 46 funds in the Tactical Allocation Category.

Rank 1AENDWCambria Endowment Style ETFScore 81
Rank 2AGMODGMO Dynamic Allocation ETFScore 76
Rank 7BTUGSTF Tactical Growth ETFScore 66
Rank 9BDDXXDefined Duration 20 ETFScore 63
Rank 9BMATRHarbor Multi-Asset Explorer ETFScore 63

Our read on each fund

ETF.net Research

DDXXBDefined Duration 20 ETF

ENDWACambria Endowment Style ETF

In short

DDXX No data

ENDW The endowment playbook in one ticker: global stocks, bonds and real assets, actively steered by Cambria, with built-in leverage, for 0.22% a year. Endowment ambition without the endowment fee schedule.

Stated mandate

DDXX No data

ENDW ENDW seeks income and capital appreciation. It is actively managed to provide exposure to multiple major asset classes through underlying ETFs or individual equities.

Why people hold it

DDXX No data

ENDW 0.22% a year against a roughly 0.95% median for tactical allocation funds, and cheaper than the other standouts in the group such as ONOF (0.39%) and GMOD (0.50%).
One ticker spans US, developed and emerging markets across equities, bonds and real assets, roughly 70 positions, with value and momentum screens applied on top.cambriafunds.com
Capital efficient by design: the manager expects notional exposure of 100% to 150% of assets, using Treasury futures alongside the underlying ETF sleeves.usnews.com businesswire.com
Pays income quarterly, and on our review it sits among the strongest implementations in the tactical allocation group.

Worth knowing

DDXX No data

ENDW It owns other ETFs, which charge their own fees on top of the 0.22% management fee, so the all-in cost of ownership runs higher than the headline.cambriafunds.com
Leverage works both ways. Notional exposure above 100% of assets magnifies moves in either direction, and Cambria itself calls the risk profile aggressive.businesswire.com
Launched in 2025 and still modest in size, so the record is short and shares change hands less often than mainstream index funds.

Full DDXX profile⁠

Full ENDW profile⁠

DDXX vs ENDW Holdings

How DDXX and ENDW differ

Overlap by weight

0.6%

Shared holdings make up 11.5% of DDXX and 2.2% of ENDW.

Level by level

Holdings2 in both0.6%
Countryby domicile77.0%
Sector11 Sectors86.3%
Asset classEquity100%

Sector

Sector weights in DDXX and ENDW, widest gap first
Sector	More in DDXXMore in ENDW	DDXX	ENDW
Energy	ENDW +6.7 points	5.1%	11.8%
Technology	DDXX +5.7 points	21.2%	15.5%
Real Estate	ENDW +5.3 points	3.2%	8.5%
Health Care	DDXX +4.6 points	10.1%	5.5%
Consumer Discretionary	ENDW +1.6 points	7.6%	9.2%
Consumer Staples	DDXX +1.5 points	5.7%	4.2%
Industrials	DDXX +1.1 points	14.1%	13.0%
Financials	DDXX +0.4 points	19.4%	19.0%
Utilities	DDXX +0.2 points	3.4%	3.2%
Materials	DDXX +0.2 points	5.7%	5.5%
Communication	Same weight	4.5%	4.5%

Country, concentration and asset class

Country by domicile

Country weights in DDXX and ENDW, widest gap first
Country	More in DDXXMore in ENDW	DDXX	ENDW
United States	ENDW +12.8 points	46.1%	58.9%
Japan	DDXX +6.5 points	10.3%	3.8%
South Africa	ENDW +3.3 points	0.6%	3.9%
Germany	DDXX +2.3 points	2.9%	0.6%
Switzerland	DDXX +2.3 points	2.8%	0.5%
India	DDXX +1.8 points	2.2%	0.4%
Thailand	ENDW +1.3 points	0.3%	1.6%
United Kingdom	DDXX +1.3 points	5.0%	3.7%
Other countries (32)	DDXX +3.4 points	29.9%	26.5%

Outside the US: DDXX 71% developed, 29% emerging. ENDW 52% developed, 48% emerging.

Concentration

Weight in the 10 largest Holdings

DDXX97.8%
ENDW72.8%

Securities held

DDXX12
ENDW72

Asset class

DDXX: Equity
ENDW: Equity

Holdings

Only in DDXX10
In both2
Only in ENDW70

Only in DDXX

10 securities, 88.5% of DDXX by weight

State Street SPDR Portfolio Developed World ex-US ETF18.10%
Vanguard Morningstar Value ETF13.24%
iShares MSCI USA Min Vol Factor ETF12.37%
iShares MSCI International Value Factor ETF10.98%
Vanguard FTSE All World ex-US Small-Cap ETF9.44%
Vanguard Morningstar Small-Cap ETF6.64%
State Street SPDR Portfolio Emerging Markets ETF6.50%
Vanguard Ftse Developed Etf5.78%
Vanguard FTSE Emerging Markets ETF3.66%
Schwab US Small-Cap ETF1.83%

Only in ENDW

70 securities, 97.8% of ENDW by weight

US 10YR NOTE (CBT)Dec2622.47%
Cambria Foreign Shareholder Yield ETF10.21%
Cambria Emerging Shareholder Yield ETF7.99%
Cambria Value and Momentum ETF7.49%
State Street SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF4.50%
Cambria Shareholder Yield ETF4.33%
Cambria Global Value ETF4.19%
Cambria Chesapeake Pure Trend ETF4.12%
Cambria Global Real Estate ETF3.73%
iMGP DBi Managed Futures Strategy ETF3.72%
State Street SPDR S&P Global Natural Resources ETF2.15%
CSX Corp1.02%
Apple Inc0.87%
Vertex Pharmaceuticals Inc0.85%
JPMorgan Chase & Co.0.81%
American Electric Power Co Inc0.80%
Vanguard S&P 500 ETF0.80%
iShares Russell 3000 ETF0.80%
State Street SPDR S&P 500 ETF Trust0.79%
NVIDIA Corp0.75%
Dimensional US Marketwide Value ETF0.73%
Mastercard Inc0.69%
MongoDB Inc0.69%
Amazon.com Inc0.69%
Vanguard Real Estate ETF0.68%
Microsoft Corp0.67%
Tesla Inc0.66%
Alphabet Inc0.64%
Broadcom Inc0.63%
Trane Technologies PLC0.63%
Vanguard Global ex-U.S. Real Estate ETF0.60%
SPDR Gold Shares0.52%
Norfolk Southern Corp0.50%
Xylem Inc/NY0.50%
Berkshire Hathaway Inc0.43%
Analog Devices Inc0.42%
Unity Software Inc0.35%
Aecom0.33%
Goldman Sachs Group Inc/The0.33%
Visa Inc0.32%
ExxonMobil Holdings Corp0.30%
Union Pacific Corp0.29%
Vanguard FTSE All-World ex-US ETF0.23%
Taiwan Semiconductor Manufacturing Co Ltd0.23%
UnitedHealth Group Inc0.21%
Walmart Inc0.21%
Cambria Tax Aware ETF0.20%
Lowe's Cos Inc0.19%
Advanced Micro Devices Inc0.16%
Salesforce Inc0.16%

Weight gaps

All 2 Holdings in both funds, largest gap first.

Holding weights in DDXX and ENDW, widest gap first
Holding	More in DDXXMore in ENDW	DDXX	ENDW
Vanguard Morningstar Total Stock Market ETFVTI	DDXX +10.89 points	11.12%	0.23%
First American Government Obligations Fund 12/01/2031	ENDW +1.59 points	0.34%	1.93%

All DDXX holdings⁠All 72 ENDW holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

DDXX vs ENDW Cost

Overpaying DDXX vs ENDW

$601

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

DDXX 0.25%
$5,159
ENDW 0.22%
$4,558

Amount$10,000

Years30 years

Cost over time

DDXX 0.25%
ENDW 0.22%
Overpaying

Year by year

Year	DDXX	ENDW	Overpaying
10	$455	$401	$54
20	$1,769	$1,561	$208
30	$5,159	$4,558	$601

Expense ratio

0.25%DDXX
0.22%ENDW, cheaper

ENDW0.22%DDXX0.25%

0.22%1.99%

Middle half of Tactical Allocation funds
Median 0.93%

ENDW cheapest of 46 funds

DDXX 2nd cheapest of 46 funds

DDXX vs ENDW Dividends

Last 12 months to Oct 30, 2026

Yield (12M): DDXX No data; ENDW 2.37%
Payout (12M): DDXX No data; ENDW $0.82
Last payment: DDXX $0.05; ENDW $0.16
Ex-dividend: DDXX Sep 28, 2026; ENDW Sep 28, 2026
Paid on: DDXX Sep 30, 2026; ENDW Sep 30, 2026
Frequency: DDXX Quarterly; ENDW Quarterly

Distribution history

Per share, 2025 to 2026, same scale for both

DDXXQuarterly · 4 paymentsAll DDXX payments⁠

ENDWQuarterly · 6 paymentsAll ENDW payments⁠

DDXX vs ENDW Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: DDXX No dataENDW 9.2%since May 2025
Return per unit of riskSharpe ratio, 3 years: DDXX No dataENDW 1.99since May 2025
Worst fallMax drawdown, 5 years: DDXX No dataENDW −6.4%since Apr 2025
Market sensitivityBeta, 5 years: DDXX 0.79ENDW 0.61; Market = 1

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