Cambria Value and Momentum ETF (VAMO) Performance
VAMO total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +6.6% since Dec 31, 2025
- 1 year
- +9.1% total return
- 5 years
- +8.8% a year
- 10 years
- +5.8% a year
- Since first price
- +4.4% a year since 2015
VAMO trailing returns vs SPY, QQQ, AGG
| Period | VAMO total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +2.8% | +2.8% | −1.0% | −5.0% | +0.9% |
| 3 months | −0.4% | −0.7% | +3.2% | +1.9% | −0.4% |
| 6 months | +1.9% | +1.6% | +7.8% | +8.4% | −1.5% |
| YTD | +6.6% | +6.1% | +12.3% | +15.1% | −1.0% |
| 1 year | +9.1% | +8.4% | +14.4% | +15.9% | −1.1% |
| 3 years | +45.8%+13.4%/yr | +41.2% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +52.2%+8.8%/yr | +43.0% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +75.3%+5.8%/yr | +57.8% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| Since inceptionSep 9, 2015 | +62.3%+4.4%/yr | +45.2% | — | — | — |
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: VAMO vs SPY
From Sep 9, 2015: VAMO grew to $16,228, SPY to $46,912.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
VAMO returns by calendar year
7 of 10 full years positive. Best 2021 (+32.2%), worst 2018 (−11.4%). 2026 is year to date.
VAMO annual returns table
| Year | VAMO | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +6.6% | −6.7% | +12.3% | +15.1% | −1.0% |
| 2025 | +16.5% | −7.7% | +17.7% | +20.8% | +7.2% |
| 2024 | +6.1% | −9.1% | +24.9% | +25.6% | +1.3% |
| 2023 | +5.6% | −14.1% | +26.2% | +54.9% | +5.7% |
| 2022 | +8.6% | −14.7% | −18.2% | −32.6% | −13.0% |
| 2021 | +32.2% | −13.8% | +28.7% | +27.4% | −1.8% |
| 2020 | −4.9% | −26.4% | +18.3% | +48.6% | +7.5% |
| 2019 | −4.6% | −12.8% | +31.2% | +39.0% | +8.5% |
| 2018 | −11.4% | −18.8% | −4.6% | −0.1% | +0.1% |
| 2017 | +3.8% | −5.8% | +21.7% | +32.7% | +3.6% |
| 2016 | +5.1% | −5.5% | +12.0% | +7.1% | +2.4% |
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.
VAMO largest drawdowns
Now 3.1% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jun 11, 2018 | −41.8% | Mar 18, 2020 | Nov 3, 2021 | 1.8 years | 3.4 years |
| Nov 7, 2022 | −17.2% | May 31, 2023 | Dec 27, 2023 | 7 months | 1.1 years |
| Jun 9, 2022 | −14.7% | Jul 6, 2022 | Nov 7, 2022 | 27 days | 5 months |
| Sep 24, 2015 | −13.1% | Feb 11, 2016 | Oct 13, 2017 | 5 months | 2.1 years |
| Nov 12, 2021 | −12.0% | Jan 21, 2022 | Mar 2, 2022 | 2 months | 4 months |
| Nov 25, 2024 | −11.6% | Mar 10, 2025 | Aug 22, 2025 | 3 months | 9 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
VAMO risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2015 |
|---|---|---|---|---|
| Annualized return | +10.5% | +9.1% | +5.2% | +4.2% |
| Volatility (annualized) | 12.8% | 13.3% | 13.3% | 13.0% |
| Sharpe ratio | 0.51 | 0.45 | 0.28 | 0.22 |
| Sortino ratio | 0.82 | 0.73 | 0.42 | 0.33 |
| Best month | +9.3% | +9.3% | +9.3% | +9.3% |
| Worst month | −7.5% | −7.5% | −11.8% | −11.8% |
| Best 12 months | +24.7% | +25.0% | +53.5% | +53.5% |
| Worst 12 months | −0.7% | −11.8% | −24.5% | −24.5% |
| Positive months | 64% | 62% | 57% | 56% |
| Beta vs S&P 500 | 0.35 | 0.27 | 0.37 | — |
| Correlation with S&P 500 | 0.34 | 0.32 | 0.43 | — |
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.
VAMO rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 122 | −24.5% | +5.6% | +53.5% | 70% |
| 3-year (a year) | 98 | −11.5% | +7.1% | +18.1% | 65% |
| 5-year (a year) | 74 | −5.5% | +3.8% | +14.7% | 92% |
| 10-year (a year) | 14 | +4.1% | +5.6% | +6.1% | 100% |
Every holding period starting at a month-end since 2015. Returns for 3 years and longer are annualized.
VAMO performance overview
Cambria Value and Momentum ETF (VAMO) returned +9.1% over the past year and +5.8% a year over ten years, with distributions reinvested. Since its first recorded price in 2015 it has returned +4.4% a year, turning $10,000 into about $16,228. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −41.8%, from Jun 11, 2018 to Mar 18, 2020, and it took 1.6 years to get back to the old high. VAMO finished 7 of its 10 full calendar years with a gain; the best year was 2021 (+32.2%) and the worst 2018 (−11.4%). Volatility has been 13.0% a year.
Related: VAMO chart, VAMO holdings, VAMO dividends, VAMO valuation. See the VAMO overview for the latest quote and fund facts.
VAMO performance FAQ
What is the VAMO return over the past year?
VAMO returned +9.1% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 8.4%.
What is the average annual return of VAMO?
VAMO has returned +8.8% a year over 5 years, +5.8% a year over 10 years, +4.4% a year since September 9, 2015 (total return, distributions reinvested).
How much would $10,000 invested in VAMO be worth?
$10,000 invested in VAMO at its first recorded close on September 9, 2015 would be worth about $16,228 on October 23, 2026 with distributions reinvested.
What was the worst year for VAMO?
The worst calendar year was 2018, with a total return of −11.4%. The best was 2021 at +32.2%.
What is the biggest drawdown of VAMO?
The largest peak-to-trough decline was −41.8% between June 11, 2018 and March 18, 2020. It recovered to the old high on November 3, 2021, 1.6 years after the bottom.
How volatile is VAMO?
Over the past 3 years VAMO had an annualized volatility of 12.8% and a Sharpe ratio of 0.51 (excess return over 1–3 month T-bills per unit of risk).