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ENDW vs PBL

Cambria Endowment Style ETF

ENDWANasdaq

PGIM Portfolio Ballast ETF

PBLBCboe

Overlap

0.6%by weight

Expense ratio

ENDW −0.23pt a year

ENDW0.22%PBL0.45%

Avg volume · 30D

ENDW 3.4×the volume

ENDW17.1KPBL5.07K

ENDW vs PBL Performance

Oct 31, 2025 – Oct 30, 2026

+14.9%ENDW+7.3%PBL

Oct 31, 2025 to Oct 30, 2026. ENDW +14.9%. PBL +7.3%. Use the arrow keys to read each point.−5%0%10%Oct 2025Apr 2026Oct 2026
Expense ratio
ENDW 0.22%, better
PBL 0.45%
Fund size
ENDW $160M
PBL $71M
1Y total return
ENDW +14.9%, better
PBL +7.3%
Yield (12M)
ENDW 2.37%, better
PBL 2.06%
Holdings
ENDW 73
PBL 13
Avg volume (30D)
ENDW 17.1K sh, better
PBL 5.07K sh
NAV per share
ENDW $34.35
PBL $33.73
52W range

ETF.net Grade

ENDW: Cost 100, Risk 75, Mission 81, Tradability 69, Holdings 62, Durability 65. PBL: Cost 93, Risk 65, Mission not scored, Tradability 29, Holdings not scored, Durability 64.
Pillar letters and Scores for ENDW, PBL, with each pillar’s weight
PillarENDWPBL
Cost30% weightA100HigherA93
Mission25% weightA81Not scored
Risk15% weightA75HigherB65
Tradability15% weightB69HigherD29
Holdings10% weightB62Not scored
Durability5% weightB65HigherB64

Rank among Tactical Allocation funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. ENDW and PBL 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 PBL 5th of 46 funds in the Tactical Allocation Category.

  1. Rank 1AENDWCambria Endowment Style ETFScore 81
  2. Rank 2AGMODGMO Dynamic Allocation ETFScore 76
  3. Rank 4ARISNInspire Capital Appreciation ETFScore 71
  4. Rank 5BPBLPGIM Portfolio Ballast ETFScore 69
  5. Rank 6BPWSPacer WealthShield ETFScore 67

Our read on each fund

ETF.net Research

ENDWACambria Endowment Style ETF

PBLBPGIM Portfolio Ballast 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.

PBL No data

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.

PBL No data

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.

PBL No data

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.

PBL No data

Full ENDW profile⁠

Full PBL profile⁠

ENDW vs PBL Holdings

How ENDW and PBL differ

Overlap by weight

0.6%

Shared holdings make up 0.8% of ENDW and 0.6% of PBL.

Level by level

  • Holdings1 in both0.6%
  • Countryby domicile59.3%
  • Asset classEquity100%

Sector

No Sector split for PBL.

Country, concentration and asset class

Country by domicile

Country weights in ENDW and PBL, widest gap first
CountryMore in ENDWMore in PBL
United StatesPBL +40.6 points
South AfricaENDW +3.9 points
JapanENDW +3.8 points
United KingdomENDW +3.7 points
ChinaENDW +3.3 points
TaiwanENDW +3.3 points
CanadaENDW +2.9 points
South KoreaENDW +1.9 points
Other countries (28)ENDW +17.9 points

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

Concentration

Weight in the 10 largest Holdings

  • ENDW72.8%
  • PBL99.3%

Securities held

  • ENDW72
  • PBL7

Asset class

ENDW
Equity
PBL
Equity

Holdings

  • Only in ENDW71
  • In both1
  • Only in PBL6

Only in ENDW

71 securities, 99.1% of ENDW by weight

  • US 10YR NOTE (CBT)Dec2622.47%
  • Cambria Foreign Shareholder Yield ETF10.21%
  • Cambria Emerging Shareholder Yield ETF7.99%

Only in PBL

6 securities, 88.1% of PBL by weight

  • United States Treasury Note/Bond46.21%
  • 4SPY Us 10/25/30 C67521.38%
  • 4SPY Us 01/31/31 C7009.12%

Weight gaps

All 1 Holdings in both funds, largest gap first.

Holding weights in ENDW and PBL, widest gap first
HoldingMore in ENDWMore in PBL
Vanguard S&P 500 ETFVOOENDW +0.24 points

All 72 ENDW holdings⁠All PBL 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.

ENDW vs PBL Cost

Overpaying PBL vs ENDW

$4,483

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

  • ENDW 0.22%

    $4,558

  • PBL 0.45%

    $9,041

$10,000
30 years

Cost over time

  • ENDW 0.22%
  • PBL 0.45%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530PBL $9,041ENDW $4,558

Year by year

YearENDWPBLOverpaying
10$401$812$411
20$1,561$3,128$1,567
30$4,558$9,041$4,483

Expense ratio

  • 0.22%ENDW, cheaper
  • 0.45%PBL
  • Middle half of Tactical Allocation funds
  • Median 0.93%

ENDW cheapest of 46 funds

PBL 4th cheapest of 46 funds

ENDW vs PBL Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
ENDW 2.37%, better
PBL 2.06%
Payout (12M)
ENDW $0.82
PBL $0.68
Last payment
ENDW $0.16
PBL $0.68
Ex-dividend
ENDW Sep 28, 2026
PBL Dec 30, 2025
Paid on
ENDW Sep 30, 2026
PBL Jan 2, 2026
Frequency
ENDW Quarterly
PBL Annual

Distribution history

Per share, 2022 to 2026, same scale for both

ENDWQuarterly · 6 paymentsAll ENDW payments⁠
One bar per payment. 6 payments from 2022 to 2026 YTD. Jun 27, 2025 $0.06; Sep 29, 2025 $0.18; Dec 30, 2025 $0.35; Mar 30, 2026 $0.16; Jun 29, 2026 $0.15; Sep 28, 2026 $0.16. Use the arrow keys to read each point.$0$220232026YTD
PBLAnnual · 4 paymentsAll PBL payments⁠
One bar per payment. 4 payments from 2022 to 2026 YTD. Dec 28, 2022 $0.04; Dec 27, 2023 $2.04; Dec 27, 2024 $1.94; Dec 30, 2025 $0.68. Use the arrow keys to read each point.$0$220232026YTD

ENDW vs PBL Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
ENDW 9.2%since May 2025PBL 8.8%
Return per unit of riskSharpe ratio, 3 years
ENDW 1.99since May 2025PBL 1.21
Worst fallMax drawdown, 5 years
ENDW −6.4%since Apr 2025PBL −11.6%since Dec 2022
Market sensitivityBeta, 5 years
ENDW 0.61PBL 0.71

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