ETF Evaluator:
Cambria US EW ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Large Blend Over the Last Year
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Risk
Index
Risk
Index
ETF Details
Cambria US EW ETF Overview
Cambria US EW ETF (USEW) is an actively managed U.S. Equity Large Blend exchange-traded fund (ETF). Cambria launched the ETF in 2025.
The investment seeks to achieve capital appreciation.
The fund is an actively managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective by investing directly or through other ETFs (each, an “Underlying ETF”) in publicly-traded stocks of U.S. companies. The fund will predominantly invest in securities of large capitalization companies (i.e., generally those that have a market capitalization of $8 billion or greater), but may also include securities of mid- or small-capitalization companies.
About Cambria US EW ETF (USEW)
There are 2 members of the management team with an average tenure of 0.62 years: Mebane Faber (2025) and Jonathan Keetz (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
Cambria US EW ETF has 430 securities in its portfolio. The top 10 holdings constitute 22.0% 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 US EW ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. Cambria US EW ETF has 1.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 97.8% There is 1.6% 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 US EW ETF has 0.5% of the portfolio in cash.
Assets Under Management
The fund has $189 million in total assets, which is below the $13 billion average for the Large Blend 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.
USEW 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 US EW ETF expense ratio is below average compared to funds in the Large Blend category. Cambria US EW ETF has an expense ratio of 0.30%, which is 28% lower than its category average, making the fund expense ratio grade a C. 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 US EW ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 158% for the Large Blend category.
Recently, in the month of July 2026, Cambria US EW ETF returned -0.5%, which earned it a grade of D, as the Large Blend category had an average return of -0.8%. 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 US EW ETF has a trailing yield of 0.00%, which is below the 1.16% category average.
The fund normally distributes its income quarterly and its capital gains annually.
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 US EW ETF Grades
Year to date, the ETF has returned 10.1%, 0.5 percentage points better than the category, which translates into a grade of C.
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USEW 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 |
|
| USEW Return (NAV) | -0.5% | 4.5% | na | na | na | na |
| USEW Return (Price) | 0.1% | 6.2% | na | na | na | na |
| NAV +/- Price Return | -0.642% | -1.671% | na | na | na | na |
| Large Blend Avg | -0.8% | 3.7% | 17.5% | 17.4% | 11.2% | 13.6% |
| USEW Grade (NAV) | D | C | na | na | na | na |
| +/- Category (NAV) | 0.3% | 0.8% | na | na | na | na |
| USEW Tax-Cost Ratio | na | na | na | na | na | na |
USEW Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| USEW Return (NAV) | 10.1% | na | na | na | na | na | na | na | na | na | na |
| USEW Return (Price) | 10.0% | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.004% | na | na | na | na | na | na | na | na | na | na |
| Large Blend Avg | 9.5% | 15.3% | 21.9% | 22.9% | -17.1% | 26.9% | 18.3% | 29.6% | -5.1% | 21.5% | 11.4% |
| USEW Grade (NAV) | C | na | na | na | na | na | na | na | na | na | na |
| +/- Category | 0.5% | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | -- |
| Total Assets: | $ 189 Mil |
| Share Class Assets: | $ 189 Mil |
| Turnover: | na |
| Expense Ratio: | 0.30% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 0.6 years | |||
| Average Tenure: 0.6 years | |||
| Managers (Year): Faber Mebane (2025), Keetz Jonathan (2025) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 430 |
| % in Top 10 Holdings: | 22.0% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 1.6% |
Portfolio Allocation |
|
| Domestic Stock: | 97.8% |
| Foreign Stock: | 1.6% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.5% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Cambria |
| Phone Number: | 215-330-4476 |
| Website: | www.valueshares.com |
| Inception Date: | December 17, 2025 |
Expenses and Fees
| Expense Ratio (%): | 0.30% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.41% |
