ELM vs. TYLD

Last updated Aug 2, 2026

ELM (Elm Market Navigator ETF) and TYLD (Cambria Tactical Yield ETF) are both Tactical Allocation funds. Both are actively managed. Over the past year, ELM returned 16.21% vs 3.76% for TYLD. Their -0.00 correlation means they have often moved in opposite directions in the past. ELM charges 0.24%/yr vs 0.59%/yr for TYLD.

Performance

ELM vs. TYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Elm Market Navigator ETF (ELM) and Cambria Tactical Yield ETF (TYLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ELM achieves a 7.06% return, which is significantly higher than TYLD's 1.96% return.

ELM

• 1D: 0.39%
• 1M: 0.02%
• 6M: 4.28%
• YTD: 7.06%
• 1Y: 16.21%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 13.11%

TYLD

• 1D: 0.06%
• 1M: 0.26%
• 6M: 1.62%
• YTD: 1.96%
• 1Y: 3.76%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 4.32%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ELM Elm Market Navigator ETF	$351.63K	$455.82K	$575.19K
TYLD Cambria Tactical Yield ETF	$126.17K	$129.20K	$73.80K

ELM vs. TYLD - Yearly Performance Comparison

	2026 (YTD)	2025
ELM Elm Market Navigator ETF	7.06%	11.88%
TYLD Cambria Tactical Yield ETF	1.96%	3.69%

Correlation

The correlation between ELM and TYLD is -0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.01
Correlation (All Time) Calculated using the full available price history since Feb 11, 2025	-0.00

Return for Risk

ELM vs. TYLD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ELM

ELM Risk / Return Rank: 68
ELM Sharpe Ratio Rank: 70
ELM Sortino Ratio Rank: 69
ELM Omega Ratio Rank: 72
ELM Calmar Ratio Rank: 59
ELM Martin Ratio Rank: 69

TYLD

TYLD Risk / Return Rank: 99
TYLD Sharpe Ratio Rank: 99
TYLD Sortino Ratio Rank: 99
TYLD Omega Ratio Rank: 99
TYLD Calmar Ratio Rank: 99
TYLD Martin Ratio Rank: 99

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ELM vs. TYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Elm Market Navigator ETF (ELM) and Cambria Tactical Yield ETF (TYLD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ELM	TYLD	Difference
Sharpe ratio: Return per unit of total volatility	1.62	5.28	-3.66
Sortino ratio: Return per unit of downside risk	2.26	10.07	-7.80
Omega ratio: Gain probability vs. loss probability	1.30	2.58	-1.28
Calmar ratio: Return relative to maximum drawdown	2.10	21.67	-19.56
Martin ratio: Return relative to average drawdown	8.42	114.54	-106.13

ELM vs. TYLD - Sharpe Ratio Comparison

The current ELM Sharpe Ratio is 1.62, which is lower than the TYLD Sharpe Ratio of 5.28. The chart below compares the historical Sharpe Ratios of ELM and TYLD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ELM vs. TYLD - Drawdown Comparison

The maximum ELM drawdown since its inception was -9.02%, which is greater than TYLD's maximum drawdown of -1.06%. Use the drawdown chart below to compare losses from any high point for ELM and TYLD.

Drawdown Indicators

	ELM	TYLD	Difference
Max Drawdown Largest peak-to-trough decline	-9.02%	-1.06%	-7.96%
Max Drawdown (1Y) Largest decline over 1 year	-7.52%	-0.18%	-7.34%
Current Drawdown Current decline from peak	-1.04%	0.00%	-1.04%
Average Drawdown Average peak-to-trough decline	-1.32%	-0.10%	-1.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.88%	0.03%	+1.85%

Volatility

ELM vs. TYLD - Volatility Comparison

Elm Market Navigator ETF (ELM) has a higher volatility of 2.24% compared to Cambria Tactical Yield ETF (TYLD) at 0.28%. This indicates that ELM's price experiences larger fluctuations and is considered to be riskier than TYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ELM	TYLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.24%	0.28%	+1.96%
Volatility (6M) Calculated over the trailing 6-month period	8.17%	0.56%	+7.61%
Volatility (1Y) Calculated over the trailing 1-year period	9.80%	0.73%	+9.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.26%	1.72%	+8.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.26%	1.72%	+8.54%

ELM vs. TYLD - Expense Ratio Comparison

ELM has a 0.24% expense ratio, which is lower than TYLD's 0.59% expense ratio.

Dividends

ELM vs. TYLD - Dividend Comparison

ELM's dividend yield for the trailing twelve months is around 2.53%, less than TYLD's 3.72% yield.

Position	TTM	2025	2024
ELM Elm Market Navigator ETF	2.53%	2.71%	0.00%
TYLD Cambria Tactical Yield ETF	3.72%	4.38%	4.24%

Frequently Asked Questions

Can I hold both ELM and TYLD in my portfolio?

ELM and TYLD have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ELM or TYLD?

ELM has higher volatility (2.24%) compared to TYLD (0.28%). In terms of maximum drawdown, ELM dropped -9.02% vs TYLD's -1.06%.

Which ETF is better, ELM or TYLD?

On 1-year performance, ELM leads with 16.21% vs 3.76% for TYLD. On fees, ELM is cheaper at 0.24% per year. On volatility, TYLD has been the lower-risk option at 0.28%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ELM or TYLD?

Over the 1-year period, ELM has performed better with a 16.21% return vs 3.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ELM or TYLD?

ELM is cheaper with a 0.24% expense ratio, compared with 0.59% for TYLD.

Which ETF pays a higher dividend yield, ELM or TYLD?

TYLD has the higher dividend yield at 3.72%, compared with 2.53% for ELM.

What is the main difference between ELM and TYLD?

They also come from different issuers: Elm and Cambria. Their fees differ too: 0.24% for ELM and 0.59% for TYLD.

Which has better risk-adjusted returns?

TYLD currently has the higher Sharpe Ratio (5.28 vs 1.62), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.