Cambria Global Value ETF (GVAL)
BATS BATS Primary 
LSE 
GVAL: An Interesting Alternative For Global Value
The Cambria Global Value ETF offers unique, actively managed exposure to undervalued stocks across both developed and emerging markets. GVAL delivered a 56% return last year and maintains strong momentum in 2026, but its long-term annualized return since inception is 5.92%. The fund's portfolio is diversified by country and sector, but its emerging market tilt introduces heightened political, currency, and liquidity risks.
Global Value ETF (GVAL) Hits New 52-Week High
For investors seeking momentum, Cambria Global Value ETF GVAL is probably on the radar. The fund just hit a 52-week high and is up 49.6% from its 52-week low price of $20.40/share.
GVAL: Well-Rounded Global Value ETF
Cambria Global Value ETF targets undervalued stocks in undervalued markets. GVAL is diversified in countries and holdings, with a focus on financials. While GVAL has underperformed IXUS since inception, it has recently outperformed both IXUS and the S&P 500 and leads peers since 2022.
GVAL: Buying What's Cheap Isn't Value Investing
Cambria Global Value ETF claims to offer value by targeting low-CAPE markets, but many of its holdings lack fundamental business quality. Top holdings are concentrated in cyclical sectors like financials and commodities, with several companies generating inconsistent or negative FCF. Since inception, GVAL has delivered just 4.6% CAGR on a total return basis, not a great result on a risk-adjusted basis.
GVAL: It's Time For Global Value To Shine
The Cambria Global Value ETF uses the CAPE ratio to identify and invest in the world's cheapest equity markets, and then buy cheap securities in those countries. The fund has underperformed since its 2014 launch, but it is significantly ahead year-to-date. I am not a huge fan of the CAPE valuation methodology and believe its flaws have contributed to past underperformance in the fund.
