OPP vs GEQ

Comparison between RiverNorth/DoubleLine Strategic opportunity fund Inc (OPP, ETF) and Cambria Global EW 2 ETF (GEQ, ETF).

OPP vs GEQ - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	OPP(ETF)	GEQ(ETF)
Net Assets	$206M	$205M
Expense Ratio	N/A	0.27%
Max Drawdown	63.59%	2.90%
Sharpe Ratio	-0.44	1.40
5Y Beta	0.28	0.86
5Y Dividends CAGR	-7.83%	N/A

Net Assets

Winner

OPP

$206M

GEQ

$205M

Expense Ratio

OPP

N/A

GEQ

0.27%

Max Drawdown

OPP

63.59%

Winner

GEQ

2.90%

Sharpe Ratio

OPP

-0.44

Winner

GEQ

1.40

5Y Beta

Winner

OPP

0.28

GEQ

0.86

5Y Dividends CAGR

OPP

-7.83%

GEQ

N/A

OPP vs GEQ - Historical Returns

Returns include dividend reinvestment.

Period	OPP	GEQ
1 month	-0.54%	+3.11%
3 months	+1.19%	+4.51%
6 months	+1.50%	N/A
1 year	-0.80%	N/A
5 years(CAGR)	-0.09%	N/A
10 years(CAGR)	+3.13%	N/A
Max(CAGR)	+3.13%	+22.33%

OPP

-0.54%

Winner

GEQ

+3.11%

OPP

+1.19%

Winner

GEQ

+4.51%

OPP

+1.50%

GEQ

N/A

OPP

-0.80%

GEQ

N/A

5Y(CAGR)

OPP

-0.09%

GEQ

N/A

10Y(CAGR)

OPP

+3.13%

GEQ

N/A

Max(CAGR)

OPP

+3.13%

Winner

GEQ

+22.33%

OPP vs GEQ - Annual Returns (2016 - 2026)

Returns include dividend reinvestment.

Year	OPP	GEQ
2026	+3.33%	+4.51%
2025	+7.88%	N/A
2024	+16.08%	N/A
2023	+9.06%	N/A
2022	-28.83%	N/A
2021	+11.95%	N/A
2020	+1.34%	N/A
2019	+15.05%	N/A
2018	-2.14%	N/A
2017	+7.77%	N/A
2016	-6.64%	N/A

OPP vs GEQ Drawdown Comparison

The maximum drawdown for OPP was -37.33%, occurring on Oct 26, 2023. This drawdown has not yet recovered.

The maximum drawdown for GEQ was -2.90%, occurring on Jul 29, 2026. Recovery took 21 trading sessions.

The current OPP drawdown is -3.91%. The current GEQ drawdown is -0.92%.

Rank	OPP	GEQ
#1	-37.33% Aug 9, 2021 - Oct 26, 2023	-2.90% Jul 6, 2026 - Aug 4, 2026
#2	-34.94% Feb 14, 2020 - Feb 2, 2021	-1.83% Jun 15, 2026 - Jun 30, 2026
#3	-12.91% Oct 13, 2017 - Apr 2, 2019	-1.63% Aug 13, 2026 - Aug 20, 2026
#4	-8.96% Oct 3, 2016 - May 30, 2017	-1.37% Jun 9, 2026 - Jun 11, 2026
#5	-6.96% Oct 14, 2019 - Feb 10, 2020	-0.56% Aug 4, 2026 - Aug 7, 2026
#6	-4.68% Jul 14, 2021 - Jul 22, 2021	-0.06% Aug 10, 2026 - Aug 12, 2026
#7	-3.22% Jun 30, 2017 - Sep 8, 2017	-0.05% Jun 30, 2026 - Jul 2, 2026
#8	-2.70% Aug 8, 2019 - Aug 30, 2019	N/A
#9	-2.37% Apr 15, 2021 - Apr 27, 2021	N/A
#10	-1.91% Jun 14, 2021 - Jul 6, 2021	N/A
#11	-1.87% Mar 15, 2021 - Mar 31, 2021	N/A
#12	-1.78% Sep 4, 2019 - Sep 18, 2019	N/A
#13	-1.75% Sep 15, 2017 - Oct 4, 2017	N/A
#14	-1.67% Mar 3, 2021 - Mar 10, 2021	N/A
#15	-1.47% Sep 19, 2019 - Oct 7, 2019	N/A

Correlation

Correlation between OPP and GEQ is -0.92 which considered as a very strong negative correlation - the stocks move almost identically in opposite directions.

-0.92

-101