VLT vs GAA

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

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

VLT vs GAA - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

VLT

$71M

Winner

GAA

$71M

Expense Ratio

VLT

N/A

GAA

0.40%

Max Drawdown

VLT

85.20%

Winner

GAA

27.65%

Sharpe Ratio

VLT

0.16

Winner

GAA

1.53

5Y Beta

Winner

VLT

0.34

GAA

0.36

5Y Dividends CAGR

VLT

-0.63%

Winner

GAA

15.25%

VLT vs GAA - Historical Returns

Returns include dividend reinvestment.

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

Winner

VLT

+1.08%

GAA

+0.20%

Winner

VLT

+1.88%

GAA

+1.82%

VLT

-2.37%

Winner

GAA

+6.05%

VLT

+5.05%

Winner

GAA

+19.55%

5Y(CAGR)

VLT

+3.44%

Winner

GAA

+6.89%

10Y(CAGR)

VLT

+6.24%

Winner

GAA

+7.49%

Max(CAGR)

VLT

+4.67%

Winner

GAA

+6.73%

VLT vs GAA - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

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

VLT vs GAA Drawdown Comparison

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

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

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

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

Correlation

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

0.97

-101

Dividend Comparison (2000 - 2026)

VLT vs GAA dividend yield comparison.

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