Cambria Global Value ETF (GVAL) Performance
GVAL total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +20.8% since Dec 31, 2025
- 1 year
- +29.6% total return
- 5 years
- +14.2% a year
- 10 years
- +10.3% a year
- Since first price
- +6.8% a year since 2014
GVAL trailing returns vs SPY, QQQ, AGG
| Period | GVAL total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −4.1% | −4.1% | −1.0% | −5.0% | +0.9% |
| 3 months | +1.7% | +1.0% | +3.2% | +1.9% | −0.4% |
| 6 months | +6.9% | +5.3% | +7.8% | +8.4% | −1.5% |
| YTD | +20.8% | +18.6% | +12.3% | +15.1% | −1.0% |
| 1 year | +29.6% | +26.2% | +14.4% | +15.9% | −1.1% |
| 3 years | +120.3%+30.1%/yr | +98.0% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +94.0%+14.2%/yr | +55.3% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +167.6%+10.3%/yr | +85.5% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| Since inceptionMar 12, 2014 | +128.5%+6.8%/yr | +49.9% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: GVAL vs SPY
From Mar 12, 2014: GVAL grew to $22,852, SPY to $50,211.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
GVAL returns by calendar year
7 of 11 full years positive. Best 2025 (+55.9%), worst 2018 (−14.3%). 2026 is year to date.
GVAL annual returns table
| Year | GVAL | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +20.8% | −11.5% | +12.3% | +15.1% | −1.0% |
| 2025 | +55.9% | −15.7% | +17.7% | +20.8% | +7.2% |
| 2024 | +2.6% | −9.5% | +24.9% | +25.6% | +1.3% |
| 2023 | +13.3% | −11.9% | +26.2% | +54.9% | +5.7% |
| 2022 | −8.0% | −30.5% | −18.2% | −32.6% | −13.0% |
| 2021 | +10.7% | −10.2% | +28.7% | +27.4% | −1.8% |
| 2020 | −8.5% | −42.5% | +18.3% | +48.6% | +7.5% |
| 2019 | +17.2% | −10.5% | +31.2% | +39.0% | +8.5% |
| 2018 | −14.3% | −24.1% | −4.6% | −0.1% | +0.1% |
| 2017 | +29.5% | −5.2% | +21.7% | +32.7% | +3.6% |
| 2016 | +17.2% | −10.6% | +12.0% | +7.1% | +2.4% |
| 2015 | −8.1% | −20.6% | +1.2% | +9.4% | +0.5% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
GVAL largest drawdowns
Now 5.5% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 26, 2018 | −46.8% | Mar 18, 2020 | May 9, 2024 | 2.1 years | 6.3 years |
| Jun 10, 2014 | −38.5% | Jan 21, 2016 | Jul 31, 2017 | 1.6 years | 3.1 years |
| Mar 5, 2025 | −15.7% | Apr 8, 2025 | May 13, 2025 | 34 days | 2 months |
| Feb 25, 2026 | −11.5% | Mar 20, 2026 | Apr 14, 2026 | 23 days | 48 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
GVAL risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2014 |
|---|---|---|---|---|
| Annualized return | +29.9% | +15.3% | +10.8% | +6.6% |
| Volatility (annualized) | 12.2% | 16.6% | 19.1% | 18.7% |
| Sharpe ratio | 1.86 | 0.73 | 0.52 | 0.34 |
| Sortino ratio | 3.84 | 1.11 | 0.77 | 0.51 |
| Best month | +10.5% | +11.8% | +23.0% | +23.0% |
| Worst month | −6.5% | −11.7% | −24.2% | −24.2% |
| Best 12 months | +62.8% | +62.8% | +62.8% | +62.8% |
| Worst 12 months | +2.6% | −26.8% | −29.7% | −29.7% |
| Positive months | 78% | 68% | 63% | 57% |
| Beta vs S&P 500 | 0.33 | 0.62 | 0.82 | — |
| Correlation with S&P 500 | 0.33 | 0.58 | 0.66 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
GVAL rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 140 | −29.7% | +7.5% | +62.8% | 61% |
| 3-year (a year) | 116 | −11.4% | +6.0% | +29.9% | 77% |
| 5-year (a year) | 92 | −5.3% | +3.1% | +18.7% | 80% |
| 10-year (a year) | 32 | +1.4% | +7.0% | +12.1% | 100% |
Every holding period starting at a month-end since 2014. Returns for 3 years and longer are annualized.
GVAL performance overview
Cambria Global Value ETF (GVAL) returned +29.6% over the past year and +10.3% a year over ten years, with distributions reinvested. Since its first recorded price in 2014 it has returned +6.8% a year, turning $10,000 into about $22,852. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −46.8%, from Jan 26, 2018 to Mar 18, 2020, and it took 4.1 years to get back to the old high. GVAL finished 7 of its 11 full calendar years with a gain; the best year was 2025 (+55.9%) and the worst 2018 (−14.3%). Volatility has been 18.7% a year.
Related: GVAL chart, GVAL holdings, GVAL dividends. See the GVAL overview for the latest quote and fund facts.
GVAL performance FAQ
What is the GVAL return over the past year?
GVAL returned +29.6% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 26.2%.
What is the average annual return of GVAL?
GVAL has returned +14.2% a year over 5 years, +10.3% a year over 10 years, +6.8% a year since March 12, 2014 (total return, distributions reinvested).
How much would $10,000 invested in GVAL be worth?
$10,000 invested in GVAL at its first recorded close on March 12, 2014 would be worth about $22,852 on October 23, 2026 with distributions reinvested.
What was the worst year for GVAL?
The worst calendar year was 2018, with a total return of −14.3%. The best was 2025 at +55.9%.
What is the biggest drawdown of GVAL?
The largest peak-to-trough decline was −46.8% between January 26, 2018 and March 18, 2020. It recovered to the old high on May 9, 2024, 4.1 years after the bottom.
How volatile is GVAL?
Over the past 3 years GVAL had an annualized volatility of 12.2% and a Sharpe ratio of 1.86 (excess return over 1–3 month T-bills per unit of risk).