ETF Evaluator:
Cambria Global Real Estate ETF ()
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(as of Aug 26)
Best Performing in Global Real Estate Over the Last Year
| 26.9% | WisdomTree New Economy Real Estate ETF (WTRE) |
| 21.0% | State Street® SPDR® Dow Jones® GlbRE ETF (RWO) |
| 20.0% | iShares Global REIT ETF (REET) |
| 17.7% | iShares Environmentally Aware Rl Est ETF (ERET) |
| 17.0% | Vert Global Sustainable Real Estate ETF (VGSR) |
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ETF Details
Cambria Global Real Estate ETF Overview
Cambria Global Real Estate ETF (BLDG) is an actively managed Sector Equity Global Real Estate exchange-traded fund (ETF). Cambria launched the ETF in 2020.
The investment seeks income and capital appreciation.
The fund is actively managed and seeks to achieve its investment objective by investing, under normal market conditions, primarily in the securities of domestic and foreign, including developed and emerging market, companies principally engaged in the real estate sector and real-estate related industries (collectively, “real estate companies”) that exhibit favorable multi-factor metrics, such as value, quality and momentum, according to a quantitative methodology developed by Cambria Investment Management, L.P., the fund’s investment adviser (“Cambria”).
About Cambria Global Real Estate ETF (BLDG)
There are 2 members of the management team with an average tenure of 3.88 years: Mebane Faber (2020) and Jonathan Keetz (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: MSCI ACWI NR USD index with a weighting of 100% and FTSE EPRA Nareit Global REITs TR USD index with a weighting of 100%. Cambria Global Real Estate ETF has 84 securities in its portfolio. The top 10 holdings constitute 19.0% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Cambria Global Real Estate ETF is part of the Equity global asset class and is within the Sector Equity ETF group. Cambria Global Real Estate ETF has 35.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 59.6% There is 35.6% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Cambria Global Real Estate ETF has 3.3% of the portfolio in cash.
Assets Under Management
The fund has $67 million in total assets, which is below the $1 billion average for the Global Real Estate category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
BLDG Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Cambria Global Real Estate ETF expense ratio is average compared to funds in the Global Real Estate category. Cambria Global Real Estate ETF has an expense ratio of 0.59%, which is 47% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Cambria Global Real Estate ETF has a portfolio turnover rate of 82%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 27% for the Global Real Estate category.
Recently, in the month of July 2026, Cambria Global Real Estate ETF returned 2.0%, which earned it a grade of F, as the Global Real Estate category had an average return of 2.4%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Cambria Global Real Estate ETF has a trailing yield of 5.17%, which is above the 3.59% category average.
The fund normally distributes its income quarterly.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Cambria Global Real Estate ETF Grades
Year to date, the ETF has returned 13.6%, 3.8 percentage points better than the category, which translates into a grade of B. The fund has returned 16.9% over the past year (grade of B), 9.6% over the past three years (grade of C) and 3.4% per year over the past five years (grade of A).
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BLDG Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| BLDG Return (NAV) | 2.0% | 6.1% | 16.9% | 9.6% | 3.4% | na |
| BLDG Return (Price) | 1.8% | 6.9% | 17.2% | 9.6% | 3.4% | na |
| NAV +/- Price Return | 0.149% | -0.772% | -0.278% | -0.017% | -0.017% | na |
| Global Real Estate Avg | 2.4% | 1.8% | 15.3% | 9.0% | 0.8% | 2.5% |
| BLDG Grade (NAV) | F | A | B | C | A | na |
| +/- Category (NAV) | -0.4% | 4.3% | 1.6% | 0.5% | 2.6% | na |
| BLDG Tax-Cost Ratio | na | na | 2.3% | 2.4% | 2.7% | na |
BLDG Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| BLDG Return (NAV) | 13.6% | 4.7% | 7.9% | 2.5% | -14.9% | 22.1% | na | na | na | na | na |
| BLDG Return (Price) | 14.0% | 4.3% | 8.1% | 1.8% | -14.7% | 22.4% | na | na | na | na | na |
| NAV +/- Price Ret | 0.031% | -0.085% | 0.027% | -0.281% | -0.017% | 0.014% | na | na | na | na | na |
| Global Real Estate Avg | 9.8% | 13.8% | -0.6% | 9.2% | -24.1% | 18.9% | -9.3% | 21.8% | -8.1% | 18.5% | 3.3% |
| BLDG Grade (NAV) | B | F | A | F | A | C | na | na | na | na | na |
| +/- Category | 3.8% | -9.1% | 8.6% | -6.7% | 9.2% | 3.1% | na | na | na | na | na |
| Risk Measures | |
| Beta: | 0.83 |
| R-Squared: | 60% |
| Standard Deviation: | 13.6% |
| Category Risk Index: | 0.83 |
| Category Risk Rating: | Low |
| Total Risk Index: | 1.11 |
| Total Risk Rating: | Average |
| Portfolio Characteristics | |
| Yield: | 5.2% |
| Total Assets: | $ 67 Mil |
| Share Class Assets: | $ 67 Mil |
| Turnover: | 82.0% |
| Expense Ratio: | 0.59% |
| Index Fund: | No |
| Index Tracked: | MSCI ACWI NR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 5.9 years | |||
| Average Tenure: 3.9 years | |||
| Managers (Year): Faber Mebane (2020), Keetz Jonathan (2024) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 84 |
| % in Top 10 Holdings: | 19.0% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 35.6% |
Portfolio Allocation |
|
| Domestic Stock: | 59.6% |
| Foreign Stock: | 35.6% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 1.5% |
| Cash: | 3.3% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Cambria |
| Phone Number: | 855-383-4636 |
| Website: | www.cambriafunds.com |
| Inception Date: | September 23, 2020 |
Expenses and Fees
| Expense Ratio (%): | 0.59% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.40% |
