EYLD vs. AVES

Last updated Jun 24, 2026

EYLD (Cambria Emerging Shareholder Yield ETF) and AVES (Avantis Emerging Markets Value ETF) are both Emerging Markets Equities funds. Both are actively managed. Over the past 3 years, EYLD returned 24.14%/yr vs 19.21%/yr for AVES. Their correlation of 0.83 suggests significant overlap in exposure. EYLD charges 0.65%/yr vs 0.36%/yr for AVES.

Performance

EYLD vs. AVES - Performance Comparison

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

Returns By Period

In the year-to-date period, EYLD achieves a 20.89% return, which is significantly higher than AVES's 12.71% return.

EYLD

• 1D: -3.97%
• 1M: 1.24%
• YTD: 20.89%
• 6M: 21.27%
• 1Y: 37.65%
• 3Y*: 24.14%
• 5Y*: 9.26%
• 10Y*: —

AVES

• 1D: -4.26%
• 1M: -0.95%
• YTD: 12.71%
• 6M: 12.82%
• 1Y: 29.26%
• 3Y*: 19.21%
• 5Y*: —
• 10Y*: —

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

EYLD vs. AVES - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
EYLD Cambria Emerging Shareholder Yield ETF	20.89%	29.39%	4.72%	18.77%	-16.10%	4.79%
AVES Avantis Emerging Markets Value ETF	12.71%	30.49%	4.50%	16.79%	-16.04%	0.95%

Correlation

The correlation between EYLD and AVES is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (All Time) Calculated using the full available price history since Sep 30, 2021	0.83

The correlation between EYLD and AVES has been stable across timeframes, ranging from 0.83 to 0.89 - a consistent structural relationship.

Return for Risk

EYLD vs. AVES — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EYLD

EYLD Risk / Return Rank: 66
EYLD Sharpe Ratio Rank: 62
EYLD Sortino Ratio Rank: 57
EYLD Omega Ratio Rank: 63
EYLD Calmar Ratio Rank: 74
EYLD Martin Ratio Rank: 73

AVES

AVES Risk / Return Rank: 47
AVES Sharpe Ratio Rank: 46
AVES Sortino Ratio Rank: 43
AVES Omega Ratio Rank: 49
AVES Calmar Ratio Rank: 48
AVES Martin Ratio Rank: 50

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EYLD vs. AVES - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cambria Emerging Shareholder Yield ETF (EYLD) and Avantis Emerging Markets Value ETF (AVES). 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.

	EYLD	AVES	Difference
Sharpe ratio: Return per unit of total volatility	1.93	1.55	+0.39
Sortino ratio: Return per unit of downside risk	2.54	2.09	+0.46
Omega ratio: Gain probability vs. loss probability	1.36	1.30	+0.06
Calmar ratio: Return relative to maximum drawdown	3.59	2.28	+1.32
Martin ratio: Return relative to average drawdown	12.91	8.21	+4.70

EYLD vs. AVES - Sharpe Ratio Comparison

The current EYLD Sharpe Ratio is 1.93, which is comparable to the AVES Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of EYLD and AVES, 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

EYLD vs. AVES - Drawdown Comparison

The maximum EYLD drawdown since its inception was -41.82%, which is greater than AVES's maximum drawdown of -27.40%. Use the drawdown chart below to compare losses from any high point for EYLD and AVES.

Drawdown Indicators

	EYLD	AVES	Difference
Max Drawdown Largest peak-to-trough decline	-41.82%	-27.40%	-14.42%
Max Drawdown (1Y) Largest decline over 1 year	-10.52%	-12.90%	+2.38%
Max Drawdown (3Y) Largest decline over 3 years	-20.89%	-18.50%	-2.39%
Max Drawdown (5Y) Largest decline over 5 years	-29.39%	—	—
Current Drawdown Current decline from peak	-5.47%	-5.18%	-0.29%
Average Drawdown Average peak-to-trough decline	-10.24%	-7.67%	-2.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.92%	3.57%	-0.65%

Volatility

EYLD vs. AVES - Volatility Comparison

Cambria Emerging Shareholder Yield ETF (EYLD) and Avantis Emerging Markets Value ETF (AVES) have volatilities of 9.70% and 9.99%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EYLD	AVES	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.70%	9.99%	-0.29%
Volatility (6M) Calculated over the trailing 6-month period	17.09%	16.81%	+0.28%
Volatility (1Y) Calculated over the trailing 1-year period	19.57%	19.01%	+0.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.62%	17.36%	+1.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.78%	17.36%	+4.42%

EYLD vs. AVES - Expense Ratio Comparison

EYLD has a 0.65% expense ratio, which is higher than AVES's 0.36% expense ratio.

Dividends

EYLD vs. AVES - Dividend Comparison

EYLD's dividend yield for the trailing twelve months is around 5.03%, more than AVES's 3.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
AVES Avantis Emerging Markets Value ETF	3.62%	3.17%	4.09%	3.96%	3.70%	0.62%	0.00%	0.00%	0.00%	0.00%	0.00%
EYLD Cambria Emerging Shareholder Yield ETF	5.03%	5.40%	5.16%	5.54%	6.97%	7.27%	3.02%	4.21%	7.87%	2.77%	0.75%

Frequently Asked Questions

Can I hold both EYLD and AVES in my portfolio?

EYLD and AVES have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EYLD or AVES?

AVES has higher volatility (9.99%) compared to EYLD (9.70%). In terms of maximum drawdown, EYLD dropped -41.82% vs AVES's -27.40%.

Which ETF is better, EYLD or AVES?

On 3-year performance, EYLD leads with 24.14% vs 19.21% for AVES. On fees, AVES is cheaper at 0.36% per year. On volatility, EYLD has been the lower-risk option at 9.70%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EYLD or AVES?

Over the 3-year period, EYLD has performed better with a 24.14% return vs 19.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EYLD or AVES?

AVES is cheaper with a 0.36% expense ratio, compared with 0.65% for EYLD.

Which ETF pays a higher dividend yield, EYLD or AVES?

EYLD has the higher dividend yield at 5.03%, compared with 3.62% for AVES.

What is the main difference between EYLD and AVES?

They also come from different issuers: Cambria and Avantis. Their fees differ too: 0.65% for EYLD and 0.36% for AVES.

Which has better risk-adjusted returns?

EYLD currently has the higher Sharpe Ratio (1.93 vs 1.55), 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.