GAA vs VLT

Comparison between CAMBRIA GLOBAL ASSET ALLOCATION ETF (GAA, ETF) and Invesco High Income Trust II (VLT, ETF).

5-Year PerformanceGAA has outperformed VLT, delivering a return of +6.9% compared to +3.4%

GAA vs VLT - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	GAA(ETF)	VLT(ETF)
Net Assets	$71M	$71M
Expense Ratio	0.40%	N/A
Max Drawdown	27.65%	85.20%
Sharpe Ratio	1.53	0.16
5Y Beta	0.36	0.34
5Y Dividends CAGR	15.25%	-0.63%

Net Assets

Winner

GAA

$71M

VLT

$71M

Expense Ratio

GAA

0.40%

VLT

N/A

Max Drawdown

Winner

GAA

27.65%

VLT

85.20%

Sharpe Ratio

Winner

GAA

1.53

VLT

0.16

5Y Beta

GAA

0.36

Winner

VLT

0.34

5Y Dividends CAGR

Winner

GAA

15.25%

VLT

-0.63%

GAA vs VLT - Historical Returns

Returns include dividend reinvestment.

Period	GAA	VLT
1 month	+0.20%	+1.08%
3 months	+1.82%	+1.88%
6 months	+6.05%	-2.37%
1 year	+19.55%	+5.05%
5 years(CAGR)	+6.89%	+3.44%
10 years(CAGR)	+7.49%	+6.24%
Max(CAGR)	+6.73%	+4.67%

GAA

+0.20%

Winner

VLT

+1.08%

GAA

+1.82%

Winner

VLT

+1.88%

Winner

GAA

+6.05%

VLT

-2.37%

Winner

GAA

+19.55%

VLT

+5.05%

5Y(CAGR)

Winner

GAA

+6.89%

VLT

+3.44%

10Y(CAGR)

Winner

GAA

+7.49%

VLT

+6.24%

Max(CAGR)

Winner

GAA

+6.73%

VLT

+4.67%

GAA vs VLT - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	GAA	VLT
2026	+9.87%	-1.54%
2025	+18.90%	+12.18%
2024	+7.42%	+17.02%
2023	+5.80%	+11.69%
2022	-8.06%	-21.04%
2021	+11.10%	+15.48%
2020	+8.36%	+4.10%
2019	+15.16%	+22.21%
2018	-7.43%	-8.36%
2017	+14.99%	+10.01%
2016	+10.03%	+20.89%
2015	-4.07%	-6.86%
2014	-0.36%	+1.42%
2013	N/A	-0.88%
2012	N/A	+20.14%
2011	N/A	+4.01%
2010	N/A	+21.40%
2009	N/A	+70.49%
2008	N/A	-44.53%
2007	N/A	-2.11%
2006	N/A	+6.72%
2005	N/A	-12.24%
2004	N/A	+9.55%
2003	N/A	+39.84%
2002	N/A	-20.90%
2001	N/A	+13.31%
2000	N/A	+1.04%
1999	N/A	-21.37%

GAA vs VLT Drawdown Comparison

The maximum drawdown for GAA was -26.57%, occurring on Mar 19, 2020. Recovery took 206 trading sessions.

The maximum drawdown for VLT was -69.48%, occurring on Nov 21, 2008. Recovery took 1156 trading sessions.

The current GAA drawdown is -0.33%. The current VLT drawdown is -2.94%.

Rank	GAA	VLT
#1	-26.57% Jan 17, 2020 - Nov 10, 2020	-69.48% Aug 1, 2005 - Mar 5, 2010
#2	-18.44% Oct 20, 2021 - Mar 21, 2024	-41.97% Jan 17, 2020 - Dec 1, 2020
#3	-12.62% May 15, 2015 - Jul 22, 2016	-39.90% Aug 9, 2001 - Oct 12, 2004
#4	-12.06% Jan 26, 2018 - Oct 24, 2019	-30.42% Sep 1, 2021 - Aug 20, 2024
#5	-7.18% Sep 23, 2024 - May 12, 2025	-28.75% Nov 9, 1999 - Feb 2, 2001
#6	-5.78% Feb 27, 2026 - Apr 17, 2026	-20.07% Jul 11, 2014 - Aug 9, 2016
#7	-4.28% Jun 10, 2021 - Sep 1, 2021	-15.50% Feb 5, 2001 - Aug 1, 2001
#8	-4.26% Oct 3, 2016 - Jan 23, 2017	-15.18% May 13, 2013 - May 8, 2014
#9	-3.97% Jul 16, 2024 - Aug 23, 2024	-13.50% Mar 1, 2005 - Jul 28, 2005
#10	-3.57% Sep 1, 2021 - Oct 20, 2021	-13.42% Dec 4, 2024 - Jun 24, 2025
#11	-3.30% Feb 16, 2021 - Mar 11, 2021	-12.52% Jun 9, 2011 - Jan 23, 2012
#12	-2.97% Mar 17, 2021 - Apr 15, 2021	-12.31% Oct 10, 2017 - Jan 29, 2019
#13	-2.93% Apr 1, 2024 - May 21, 2024	-11.23% Nov 9, 2010 - May 12, 2011
#14	-2.84% Feb 25, 2015 - Apr 6, 2015	-10.89% Jul 12, 2010 - Oct 21, 2010
#15	-2.69% May 21, 2024 - Jul 12, 2024	-10.70% Apr 27, 2010 - Jun 21, 2010

Correlation

Correlation between GAA and VLT is 0.97 which considered as a very strong positive correlation - the stocks move almost identically together.

0.97

-101

Dividend Comparison (2000 - 2026)

GAA vs VLT dividend yield comparison.

Year	GAA	VLT
2026	1.47%	6.25%
2025	4.24%	10.27%
2024	3.88%	10.55%
2023	3.73%	11.13%
2022	6.05%	11.27%
2021	4.21%	8.06%
2020	2.73%	8.51%
2019	3.32%	8.10%
2018	3.00%	8.44%
2017	2.36%	7.00%
2016	2.82%	8.06%
2015	2.49%	9.71%
2014	0.57%	8.68%
2013	0.00%	8.62%
2012	0.00%	8.07%
2011	0.00%	8.98%
2010	0.00%	9.69%
2009	0.00%	9.70%
2008	0.00%	17.05%
2007	0.00%	9.09%
2006	0.00%	8.93%
2005	0.00%	10.72%
2004	0.00%	8.64%
2003	0.00%	8.94%
2002	0.00%	15.23%
2001	0.00%	12.83%
2000	0.00%	5.69%