ENDW vs MDAA

ENDWACambria Endowment Style ETF

MDAABMyriad Dynamic Asset Allocation ETF

In short

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.

MDAA A go-anywhere multi-asset fund that names its opponent out loud: the classic 60/40. MDAA chases long-term growth first and capital preservation second, shifting across global stocks and bonds to try to beat that blend.

Stated mandate

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.

MDAA The Fund seeks long-term capital appreciation and, secondarily, capital preservation. It aims to outperform a benchmark consisting of 60% global equities and 40% global bonds over the long term.

Why people hold it

• 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.combusinesswire.com
• Pays income quarterly, and on our review it sits among the strongest implementations in the tactical allocation group.

• MDAA The prospectus names the yardstick: 60% global equities, 40% global bonds. Most tactical funds stay vague about what they are actually trying to beat.
• Capital preservation is written in as the secondary objective, so managing the downside is part of the stated mandate rather than a marketing line.
• Global reach across asset classes in one ticker, held in a standard 1940 Act ETF wrapper: 1099 tax reporting, no K-1, ordinary ETF plumbing.

Worth knowing

• 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.

• MDAA At 0.97% the fee sits right at the tactical multi-asset median (0.95%), but the cohort's top-rated names run cheaper: ENDW at 0.22%, ONOF at 0.39%. Cost is part of the 60/40 hurdle.
• Launched in 2025, so the record is short. A tactical allocation process only shows what it is across a full market cycle.
• Trades lightly next to the category's busiest names, which can mean wider spreads. Limit orders are the usual tool here.

Full ENDW profile⁠

Full MDAA profile⁠