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EMIF vs. EYLD
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EMIF vs. EYLD

Last updated Aug 2, 2026
Documentation

EMIF (iShares Emerging Markets Infrastructure ETF) and EYLD (Cambria Emerging Shareholder Yield ETF) are both exchange-traded funds - EMIF is a Infrastructure Equities fund tracking the S&P Emerging Markets Infrastructure Index, while EYLD is a Emerging Markets Equities fund actively managed by Cambria. EMIF is passively managed, while EYLD is actively managed. Over the past 10 years, EMIF returned 1.66%/yr vs 11.22%/yr for EYLD. Their 0.58 correlation means they have sometimes moved together and sometimes differently. EMIF charges 0.75%/yr vs 0.65%/yr for EYLD.

Performance

EMIF vs. EYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Emerging Markets Infrastructure ETF (EMIF) and Cambria Emerging Shareholder Yield ETF (EYLD). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, EMIF achieves a 0.44% return, which is significantly lower than EYLD's 19.91% return. Over the past 10 years, EMIF has underperformed EYLD with an annualized return of 1.66%, while EYLD has yielded a comparatively higher 11.22% annualized return.

EMIF

1D
-0.46%
1M
0.38%
6M
-7.11%
YTD
0.44%
1Y
16.15%
3Y*
10.24%
5Y*
5.68%
10Y*
1.66%
ALL TIME*
3.28%

EYLD

1D
-0.98%
1M
-0.50%
6M
9.72%
YTD
19.91%
1Y
33.83%
3Y*
21.05%
5Y*
9.40%
10Y*
11.22%
ALL TIME*
11.39%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

EMIF

iShares Emerging Markets Infrastructure ETF
$49.09K$40.45K$71.84K

EYLD

Cambria Emerging Shareholder Yield ETF
$3.51M$3.95M$5.12M

EMIF vs. EYLD - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EMIF
iShares Emerging Markets Infrastructure ETF		0.44%33.90%1.21%5.67%-12.59%3.76%-19.98%16.36%-13.70%20.70%
EYLD
Cambria Emerging Shareholder Yield ETF		19.91%29.39%4.72%18.77%-16.10%11.44%10.13%22.00%-13.74%34.90%

Correlation

The correlation between EMIF and EYLD is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.66

Correlation (3Y)
Balances recent behavior with more history.

0.62

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.60

Correlation (10Y)
Provides a long-term view across more market conditions.

0.58

Correlation (All Time)
Calculated using the full available price history since Jul 14, 2016

0.58

The correlation between EMIF and EYLD has been stable across timeframes, ranging from 0.58 to 0.66 - a consistent structural relationship.

EMIF vs. EYLD - Sectors Allocation Comparison

Sectors
EMIF
EYLD

Industrials

44.6%
15.1%

Utilities

37.1%
5.0%

Energy

18.3%
9.3%

Basic Materials

-

2.8%

Communication Services

-

5.3%

Consumer Cyclical

-

8.2%

Consumer Defensive

-

3.2%

Financial Services

-

27.0%

Healthcare

-

2.8%

Real Estate

-

1.8%

Technology

-

19.5%

Industrials

EMIF
44.6%
EYLD
15.1%

Utilities

EMIF
37.1%
EYLD
5.0%

Energy

EMIF
18.3%
EYLD
9.3%

Basic Materials

EMIF

-

EYLD
2.8%

Communication Services

EMIF

-

EYLD
5.3%

Consumer Cyclical

EMIF

-

EYLD
8.2%

Consumer Defensive

EMIF

-

EYLD
3.2%

Financial Services

EMIF

-

EYLD
27.0%

Healthcare

EMIF

-

EYLD
2.8%

Real Estate

EMIF

-

EYLD
1.8%

Technology

EMIF

-

EYLD
19.5%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Emerging Markets Infrastructure ETF

Cambria Emerging Shareholder Yield ETF

Often compared with EMIF:
EMIF vs. SPYEMIF vs. IVVEMIF vs. IYKEMIF vs. BNEMIF vs. VDCEMIF vs. JXIEMIF vs. PAVE
Often compared with EYLD:
EYLD vs. GVALEYLD vs. EDIVEYLD vs. EEMSEYLD vs. ECOWEYLD vs. AUSFEYLD vs. FEMSEYLD vs. EWX

Return for Risk

EMIF vs. EYLD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
EMIF
EMIF Risk / Return Rank: 3535
Overall Rank
EMIF Sharpe Ratio Rank: 3939
Sharpe Ratio Rank
EMIF Sortino Ratio Rank: 3939
Sortino Ratio Rank
EMIF Omega Ratio Rank: 3838
Omega Ratio Rank
EMIF Calmar Ratio Rank: 3030
Calmar Ratio Rank
EMIF Martin Ratio Rank: 2727
Martin Ratio Rank
EYLD
EYLD Risk / Return Rank: 7575
Overall Rank
EYLD Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
EYLD Sortino Ratio Rank: 6969
Sortino Ratio Rank
EYLD Omega Ratio Rank: 7373
Omega Ratio Rank
EYLD Calmar Ratio Rank: 8484
Calmar Ratio Rank
EYLD Martin Ratio Rank: 7777
Martin Ratio Rank
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.

EMIF vs. EYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Emerging Markets Infrastructure ETF (EMIF) and Cambria Emerging Shareholder Yield ETF (EYLD). 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.

EMIFEYLDDifference
Sharpe ratioReturn per unit of total volatility
0.97
1.65

-0.68

Sortino ratioReturn per unit of downside risk
1.45
2.26

-0.80

Omega ratioGain probability vs. loss probability

1.18

1.30

-0.12

Calmar ratioReturn relative to maximum drawdown

1.00

3.18

-2.18

Martin ratioReturn relative to average drawdown

2.23

9.68

-7.44

EMIF vs. EYLD - Sharpe Ratio Comparison

The current EMIF Sharpe Ratio is 0.97, which is lower than the EYLD Sharpe Ratio of 1.65. The chart below compares the historical Sharpe Ratios of EMIF and EYLD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

EMIF vs. EYLD - Drawdown Comparison

The maximum EMIF drawdown since its inception was -48.02%, which is greater than EYLD's maximum drawdown of -41.82%. Use the drawdown chart below to compare losses from any high point for EMIF and EYLD.

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Drawdown Indicators

EMIFEYLDDifference

Max Drawdown

Largest peak-to-trough decline

-48.02%

-41.82%

-6.20%

Max Drawdown (1Y)

Largest decline over 1 year

-15.71%

-10.52%

-5.19%

Max Drawdown (3Y)

Largest decline over 3 years

-16.70%

-20.89%

+4.19%

Max Drawdown (5Y)

Largest decline over 5 years

-23.29%

-29.27%

+5.98%

Max Drawdown (10Y)

Largest decline over 10 years

-48.02%

-41.82%

-6.20%

Current Drawdown

Current decline from peak

-13.57%

-6.24%

-7.33%

Average Drawdown

Average peak-to-trough decline

-15.89%

-10.20%

-5.69%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.00%

3.45%

+3.55%

Volatility

EMIF vs. EYLD - Volatility Comparison

The current volatility for iShares Emerging Markets Infrastructure ETF (EMIF) is 4.41%, while Cambria Emerging Shareholder Yield ETF (EYLD) has a volatility of 6.88%. This indicates that EMIF experiences smaller price fluctuations and is considered to be less risky than EYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EMIFEYLDDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.41%

6.88%

-2.47%

Volatility (6M)

Calculated over the trailing 6-month period

13.24%

18.10%

-4.86%

Volatility (1Y)

Calculated over the trailing 1-year period

16.21%

20.31%

-4.10%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.67%

18.57%

+1.10%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.54%

19.08%

+1.46%

EMIF vs. EYLD - Expense Ratio Comparison

EMIF has a 0.75% expense ratio, which is higher than EYLD's 0.65% expense ratio.

Dividends

EMIF vs. EYLD - Dividend Comparison

EMIF's dividend yield for the trailing twelve months is around 4.21%, less than EYLD's 5.08% yield.

PositionTTM20252024202320222021202020192018201720162015
EMIF
iShares Emerging Markets Infrastructure ETF		4.21%4.96%4.12%2.64%3.08%3.94%2.54%2.07%2.64%2.58%3.16%2.07%
EYLD
Cambria Emerging Shareholder Yield ETF		5.08%5.40%5.16%5.54%6.97%7.27%3.02%4.21%7.87%2.77%0.75%0.00%

Frequently Asked Questions

EMIF and EYLD have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EYLD has higher volatility (6.88%) compared to EMIF (4.41%). In terms of maximum drawdown, EMIF dropped -48.02% vs EYLD's -41.82%.

On 10-year performance, EYLD leads with 11.22% vs 1.66% for EMIF. On fees, EYLD is cheaper at 0.65% per year. On volatility, EMIF has been the lower-risk option at 4.41%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, EYLD has performed better with a 11.22% return vs 1.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

EYLD is cheaper with a 0.65% expense ratio, compared with 0.75% for EMIF.

EYLD has the higher dividend yield at 5.08%, compared with 4.21% for EMIF.

EMIF is categorized as Infrastructure Equities, while EYLD is Emerging Markets Equities. They also come from different issuers: iShares and Cambria. Their fees differ too: 0.75% for EMIF and 0.65% for EYLD.

EYLD currently has the higher Sharpe Ratio (1.65 vs 0.97), 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.

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