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ENDW vs USAF

Cambria Endowment Style ETF

ENDWANasdaq

Atlas America Fund

USAFBNasdaq

Overlap

0.0%by weight

Expense ratio

ENDW −0.72pt a year

ENDW0.22%USAF0.94%

Avg volume · 30D

ENDW 7.1×the volume

ENDW17.1KUSAF2.41K

ENDW vs USAF Performance

Oct 31, 2025 – Oct 30, 2026

+14.9%ENDW+3.8%USAF

Oct 31, 2025 to Oct 30, 2026. ENDW +14.9%. USAF +3.8%. Use the arrow keys to read each point.0%10%Oct 2025Apr 2026Oct 2026
Expense ratio
ENDW 0.22%, better
USAF 0.94%
Fund size
ENDW $160M
USAF $16M
1Y total return
ENDW +14.9%, better
USAF +3.8%
Yield (12M)
ENDW 2.37%
USAF No data
Holdings
ENDW 73
USAF 63
Avg volume (30D)
ENDW 17.1K sh, better
USAF 2.41K sh
NAV per share
ENDW $34.35
USAF $27.91
52W range

ETF.net Grade

ENDW: Cost 100, Risk 75, Mission 81, Tradability 69, Holdings 62, Durability 65. USAF: Cost 49, Risk 62, Mission 81, Tradability 25, Holdings 64, Durability 17.
Pillar letters and Scores for ENDW, USAF, with each pillar’s weight
PillarENDWUSAF
Cost30% weightA100HigherC49
Mission25% weightA81A81
Risk15% weightA75HigherB62
Tradability15% weightB69HigherD25
Holdings10% weightB62B64Higher
Durability5% weightB65HigherF17

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 USAF 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 USAF 21st of 46 funds in the Tactical Allocation Category.

  1. Rank 1AENDWCambria Endowment Style ETFScore 81
  2. Rank 2AGMODGMO Dynamic Allocation ETFScore 76
  3. Rank 21BPRTORCN Pareto Strategic Allocation ETFScore 55
  4. Rank 21BUSAFAtlas America FundScore 55
  5. Rank 24CXFLXFundX Flexible ETFScore 54

Our read on each fund

ETF.net Research

ENDWACambria Endowment Style ETF

USAFBAtlas America Fund

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.

USAF 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.

USAF 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.

USAF 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.

USAF No data

Full ENDW profile⁠

Full USAF profile⁠

ENDW vs USAF Holdings

How ENDW and USAF differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of ENDW and 0.0% of USAF.

Level by level

  • Holdings0 in both0.0%
  • Sector11 Sectors38.0%
  • Countryby domicile64.1%
  • Asset classEquity100%

Sector

Sector weights in ENDW and USAF, widest gap first
SectorMore in ENDWMore in USAF
Real EstateUSAF +50.2 points
FinancialsENDW +18.5 points
EnergyENDW +11.8 points
Consumer DiscretionaryENDW +8.9 points
TechnologyUSAF +7.8 points
MaterialsENDW +5.5 points
Health CareENDW +5.3 points
CommunicationENDW +4.5 points
Consumer StaplesENDW +4.2 points
IndustrialsUSAF +4.1 points
UtilitiesENDW +3.2 points

Country, concentration and asset class

Country by domicile

Country weights in ENDW and USAF, widest gap first
CountryMore in ENDWMore in USAF
United StatesUSAF +34.0 points
South AfricaENDW +3.8 points
ChinaENDW +3.4 points
TaiwanENDW +3.1 points
JapanENDW +2.8 points
United KingdomENDW +2.8 points
CanadaENDW +2.7 points
ThailandENDW +1.6 points
Other countries (28)ENDW +13.8 points

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

Concentration

Weight in the 10 largest Holdings

  • ENDW72.8%
  • USAF68.5%

Securities held

  • ENDW72
  • USAF61

Asset class

ENDW
Equity
USAF
Equity

Holdings

  • Only in ENDW72
  • In both0
  • Only in USAF61

Only in ENDW

72 securities, 99.9% of ENDW by weight

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

Only in USAF

61 securities, 96.5% of USAF by weight

  • Vanguard I 0-3 Month Treasury Bill9.22%
  • Invesco Ac Agriculture Commodity St9.15%
  • Ishares Gold Trust Micro8.09%

Weight gaps

ENDW and USAF share no securities.

All 72 ENDW holdings⁠All 61 USAF 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 USAF Cost

Overpaying USAF vs ENDW

$13,146

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

  • ENDW 0.22%

    $4,558

  • USAF 0.94%

    $17,704

$10,000
30 years

Cost over time

  • ENDW 0.22%
  • USAF 0.94%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530USAF $17,704ENDW $4,558

Year by year

YearENDWUSAFOverpaying
10$401$1,661$1,260
20$1,561$6,260$4,699
30$4,558$17,704$13,146

Expense ratio

  • 0.22%ENDW, cheaper
  • 0.94%USAF
  • Middle half of Tactical Allocation funds
  • Median 0.93%

ENDW cheapest of 46 funds

USAF 24th cheapest of 46 funds

ENDW vs USAF Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
ENDW 2.37%
USAF No data
Payout (12M)
ENDW $0.82
USAF No data
Last payment
ENDW $0.16
USAF $0.67
Ex-dividend
ENDW Sep 28, 2026
USAF Dec 30, 2025
Paid on
ENDW Sep 30, 2026
USAF Dec 31, 2025
Frequency
ENDW Quarterly
USAF Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

ENDWQuarterly · 6 paymentsAll ENDW payments⁠
One bar per payment. 6 payments from 2025 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$0.502026YTD
USAFIrregular · 1 paymentAll USAF payments⁠
One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 30, 2025 $0.67. Use the arrow keys to read each point.$0$0.502026YTD

ENDW vs USAF 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 2025USAF 5.0%since Dec 2024
Return per unit of riskSharpe ratio, 3 years
ENDW 1.99since May 2025USAF 0.43since Dec 2024
Worst fallMax drawdown, 5 years
ENDW −6.4%since Apr 2025USAF −4.4%since Nov 2024
Market sensitivityBeta, 5 years
ENDW 0.61USAF 0.08

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