GVAL vs IVV
Cambria Global Value ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. GVAL delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | GVAL | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.66% | 0.03% | |
| AUM | $574M | $865.2B | |
| Dividend Yield | 2.47% | 1.09% | |
| Holdings | 121 | 508 | |
| YTD Return | +20.35% | +14.50% | |
| 1Y Return | +34.56% | +22.02% | |
| 3Y Return (annualized) | +27.73% | +21.80% | |
| 5Y Return (annualized) | +14.77% | +13.37% | |
| Volatility (annualized) | 18.8% | 15.1% | |
| Max Drawdown | -46.8% | -56.5% | |
| Fund Family | Cambria Investment Management | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Mar 11, 2014 | May 15, 2000 |
GVAL vs IVV Performance
Cambria Global Value ETF (GVAL) is a ETF from Cambria Investment Management and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year GVAL returned +34.56% while IVV returned +22.02%. Year to date, GVAL is up 20.35% versus a gain of 14.50% for IVV.
Over three years, GVAL compounded at +27.73% per year against +21.80% for IVV; over five years the annualized figures are +14.77% and +13.37% respectively. Across the full 12-year window we track, IVV has the edge at +7.07% annualized vs +7.02%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GVAL has been the more volatile fund, with annualized monthly volatility of 18.8% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -46.8% for GVAL and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.66. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GVAL charges 0.66% per year while IVV charges 0.03%. On a $10,000 position that is $66 vs $3 annually, a gap of $63 per year that compounds over a long holding period. On income, GVAL currently yields 2.47% against 1.09% for IVV.
Holdings Overlap
GVAL and IVV share 1 holdings out of 616 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in GVAL | Weight in IVV | Difference |
|---|---|---|---|
| BG | 1.02% | 0.03% | 0.99% |
Frequently Asked Questions
Which is cheaper, GVAL or IVV?
GVAL has an expense ratio of 0.66% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $63 per year of difference.
Which performed better, GVAL or IVV?
Over the past year GVAL returned +34.56% vs +22.02% for IVV, so GVAL leads on 1-year performance. Over the longest common window we track (12 years), GVAL annualized +7.02% vs +7.07% for IVV. Past performance does not guarantee future results.
Which is riskier, GVAL or IVV?
GVAL has been the more volatile fund at 18.8% annualized versus 15.1% for IVV. Worst drawdown: GVAL -46.8% vs IVV -56.5%.
Should I hold both GVAL and IVV?
GVAL and IVV have a monthly-return correlation of 0.66, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GVAL and IVV?
GVAL and IVV share 1 common holdings with a 0.0% weight overlap. Combined, they hold 616 unique securities.
Which pays a higher dividend, GVAL or IVV?
GVAL yields 2.47% while IVV yields 1.09%, so GVAL currently pays the higher dividend yield.
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