GAA vs PCEF
Cambria Global Asset Allocation ETF compared with Invesco CEF Income Composite ETF on yield, payout growth, payment schedule, cost and risk.
GAA
Cambria Global Asset Allocation ETF
TTM yield · Quarterly
PCEF
Invesco CEF Income Composite ETF
TTM yield · Monthly
Quick take
- PCEF yields more today: 7.50% vs 2.20% (forward).
- GAA has grown its payout faster: 13.9%/yr vs -1.3%/yr over the last 5 years.
- GAA pays every quarter; PCEF pays every month.
- Over the last year GAA delivered the higher total return: +18.8% vs +9.2% (price change plus payouts).
- GAA is cheaper to own: 0.32% vs 2.71% expense ratio.
- PCEF has the steadier distribution: consistency 96/100 vs 56/100.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | GAA | PCEF |
|---|---|---|
| Share price | $36.25 | $20.28 |
| TTM yield | 3.36% | 7.50% |
| Forward yield | 2.20% | 7.50% |
| Annual payout per share | $0.796 | $1.522 |
| Payment frequency | Quarterly | Monthly |
| Next ex-date | Sep 22, 2026 (est.) | Sep 21, 2026 (est.) |
| Expense ratio | 0.32% | 2.71% |
| 1-year payout growth | -0.7% | -5.2% |
| 5-year payout CAGR | +13.9% | -1.3% |
| Consecutive years of increases | 1 year | 0 years |
| Payout consistency (last 12) | 56/100 | 96/100 |
| 1-year total return | +18.8% | +9.2% |
| 1-year price return | +15.0% | +1.6% |
| Size (market cap / AUM) | 76.4M | 812.3M |
| Years paying | 11.7 | 16.5 |
| Sector / category | Global Moderate Allocation | Global Moderate Allocation |
✓ marks the more favourable figure where one exists (higher yield, growth, streak, consistency, return and size; lower cost, payout ratio and risk).
$10,000 invested today
| GAA | PCEF | |
|---|---|---|
| Shares | 275.9 | 493.1 |
| Income per year | $220 | $750 |
| Income per month (avg) | $18 | $63 |
At forward yields, before taxes. Model GAA · Model PCEF
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| GAA Sep 22, 2026 | Oct 6, 2026 | $0.199 | Est. |
| GAA Dec 22, 2026 | Jan 5, 2027 | $0.199 | Est. |
| GAA Mar 23, 2027 | Apr 6, 2027 | $0.199 | Est. |
| PCEF Sep 21, 2026 | Oct 5, 2026 | $0.1268 | Est. |
| PCEF Oct 19, 2026 | Nov 2, 2026 | $0.1268 | Est. |
| PCEF Nov 16, 2026 | Nov 30, 2026 | $0.1268 | Est. |
Annual payouts per share
GAAPCEF
Regular payments only; the current year is year to date. Per-share amounts are not directly comparable when share prices differ, so read this chart for growth trends.
FAQ
Which has the higher dividend yield, GAA or PCEF?
PCEF currently has the higher trailing yield: GAA yields 3.36% and PCEF yields 7.50%. Yield changes daily with price, so check the live figures above.
How often do GAA and PCEF pay?
GAA pays every quarter and PCEF pays every month. GAA's next ex-date is Sep 22, 2026 and PCEF's is Sep 21, 2026.
Which has grown its dividend faster, GAA or PCEF?
GAA has grown its payout faster: 13.9%/yr vs -1.3%/yr over the last 5 years.
Is GAA or PCEF better for income?
It depends on what you are optimising for. GAA and PCEF differ in yield, growth, payment schedule and risk profile; the table above puts every metric side by side so you can weigh them for your own goals. This page is data, not advice.