Cambria Endowment Style ETF (ENDW)
NASDAQ (NMS) NASDAQ (NMS) Primary 
ENDW: Proven Alpha And Strong Execution Warrant An Upgrade To Buy
Cambria Endowment Style ETF is upgraded to 'Buy' after outperforming the S&P 500 with a +22% total return and strong risk-adjusted metrics. ENDW employs a dynamic, hedge-fund-like strategy, actively reallocating among Cambria sector ETFs and leveraging futures for 128% notional exposure. Recent portfolio emphasis on international and emerging market equities, combined with disciplined risk management, has delivered a Sharpe ratio of 2.4 and modest -6% drawdown.
ENDW: Interesting New Endowment Style ETF
ENDW offers a dynamic, unconstrained endowment-style total return strategy, investing globally across equities, bonds, real assets, and alternatives with leverage. The current portfolio is overweight tech equities and long 10-year Treasury futures, betting on lower rates, with no crypto or outright gold exposure. Success hinges on the manager's skill: strong risk-adjusted returns and low drawdowns are essential to justify the wide mandate and 0.29% expense ratio.
