ENDW vs THY

ENDWACambria Endowment Style ETF

THYCToews Agility Shares Dynamic Tactical Income 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.

THY A junk-bond market timer in ETF form: all-in on high yield when its momentum signals say go, and the prospectus lets it sit 100% in cash and Treasuries for long stretches when they say stop. Income first, defense second, by design.

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.

THY The fund seeks income as its primary objective and seeks secondarily to limit risk during unfavorable market conditions.

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.

• THY The defensive setting is literal: filings allow a 100% allocation to cash, Treasuries or short-term fixed income for significant stretches when high-yield signals turn.sec.gov
• Signals are mechanical, not vibes. The adviser reads price movement and momentum in high-yield bond markets to set the fund's weighting.sec.gov
• Pays monthly, and can hedge long positions with futures and ETFs instead of only selling out of them.sec.gov

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.

• THY Costs 1.04% net of a waiver through August 31, 2027 (1.27% gross), above the category median. Cheaper tactical peers include PTBD at 0.60%.
• Timing cuts both ways: a long defensive stretch in cash and Treasuries can mean a thinner payout and a missed high-yield rebound.sec.gov
• Thinly traded, so the bid-ask spread is a real part of the cost of getting in and out.

Full ENDW profile⁠

Full THY profile⁠