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EYLD vs. EEMS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EYLD vs. EEMS

Last updated Jun 24, 2026

EYLD (Cambria Emerging Shareholder Yield ETF) and EEMS (iShares MSCI Emerging Markets Small-Cap ETF) are both exchange-traded funds - EYLD is a Emerging Markets Equities fund actively managed by Cambria, while EEMS is a Emerging Markets Diversified fund tracking the MSCI Emerging Markets Small Cap Index. EYLD is actively managed, while EEMS is passively managed. Over the past 5 years, EYLD returned 9.26%/yr vs 6.33%/yr for EEMS. A 0.70 correlation means they provide meaningful diversification when combined. EYLD charges 0.65%/yr vs 0.73%/yr for EEMS.

Performance

EYLD vs. EEMS - Performance Comparison

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

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Returns By Period

In the year-to-date period, EYLD achieves a 20.89% return, which is significantly higher than EEMS's 11.49% return.

EYLD

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

EEMS

1D
-4.01%
1M
-2.11%
YTD
11.49%
6M
12.59%
1Y
23.79%
3Y*
15.45%
5Y*
6.33%
10Y*
9.32%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EYLD vs. EEMS - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EYLD
Cambria Emerging Shareholder Yield ETF		20.89%29.39%4.72%18.77%-16.10%11.44%10.13%22.00%-13.74%34.90%
EEMS
iShares MSCI Emerging Markets Small-Cap ETF		11.49%19.78%3.13%23.09%-19.12%18.12%19.47%11.25%-18.98%34.80%

Correlation

The correlation between EYLD and EEMS is 0.85, 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

0.85

Correlation (3Y)
Calculated over the trailing 3-year period

0.81

Correlation (5Y)
Calculated over the trailing 5-year period

0.79

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

0.70

The correlation between EYLD and EEMS shifts across timeframes, from 0.70 (all time) to 0.85 (1 year), reflecting how their relationship changes across market environments.

EYLD vs. EEMS - Sectors Allocation Comparison

Sectors
EYLD
EEMS

Financial Services

21.6%
9.9%

Technology

21.5%
26.4%

Industrials

16.7%
18.2%

Energy

6.6%
2.1%

Consumer Cyclical

6.0%
9.9%

Utilities

4.5%
2.6%

Consumer Defensive

3.1%
4.9%

Communication Services

2.6%
2.9%

Real Estate

2.0%
5.8%

Healthcare

1.9%
8.7%

Basic Materials

1.2%
8.6%

Financial Services

EYLD
21.6%
EEMS
9.9%

Technology

EYLD
21.5%
EEMS
26.4%

Industrials

EYLD
16.7%
EEMS
18.2%

Energy

EYLD
6.6%
EEMS
2.1%

Consumer Cyclical

EYLD
6.0%
EEMS
9.9%

Utilities

EYLD
4.5%
EEMS
2.6%

Consumer Defensive

EYLD
3.1%
EEMS
4.9%

Communication Services

EYLD
2.6%
EEMS
2.9%

Real Estate

EYLD
2.0%
EEMS
5.8%

Healthcare

EYLD
1.9%
EEMS
8.7%

Basic Materials

EYLD
1.2%
EEMS
8.6%

Compare stocks, funds, or ETFs

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

Cambria Emerging Shareholder Yield ETF

iShares MSCI Emerging Markets Small-Cap ETF

Often compared with EYLD:
EYLD vs. GVALEYLD vs. EDIVEYLD vs. AUSFEYLD vs. ECOWEYLD vs. FEMSEYLD vs. EWXEYLD vs. VWO
Often compared with EEMS:
EEMS vs. EEMEEMS vs. EWXEEMS vs. VWOEEMS vs. EDIVEEMS vs. DRESXEEMS vs. AVEEEEMS vs. ECOW

Return for Risk

EYLD vs. EEMS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EYLD
EYLD Risk / Return Rank: 6666
Overall Rank
EYLD Sharpe Ratio Rank: 6262
Sharpe Ratio Rank
EYLD Sortino Ratio Rank: 5757
Sortino Ratio Rank
EYLD Omega Ratio Rank: 6363
Omega Ratio Rank
EYLD Calmar Ratio Rank: 7474
Calmar Ratio Rank
EYLD Martin Ratio Rank: 7373
Martin Ratio Rank
EEMS
EEMS Risk / Return Rank: 4040
Overall Rank
EEMS Sharpe Ratio Rank: 3737
Sharpe Ratio Rank
EEMS Sortino Ratio Rank: 3434
Sortino Ratio Rank
EEMS Omega Ratio Rank: 3838
Omega Ratio Rank
EEMS Calmar Ratio Rank: 4646
Calmar Ratio Rank
EEMS Martin Ratio Rank: 4747
Martin Ratio Rank
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. EEMS - Risk-Adjusted Trends Comparison

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

EYLDEEMSDifference
Sharpe ratioReturn per unit of total volatility
1.93
1.25

+0.68

Sortino ratioReturn per unit of downside risk
2.54
1.73

+0.82

Omega ratioGain probability vs. loss probability

1.36

1.24

+0.12

Calmar ratioReturn relative to maximum drawdown

3.59

2.20

+1.40

Martin ratioReturn relative to average drawdown

12.91

7.37

+5.55

EYLD vs. EEMS - Sharpe Ratio Comparison

The current EYLD Sharpe Ratio is 1.93, which is higher than the EEMS Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of EYLD and EEMS, 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

EYLD vs. EEMS - Drawdown Comparison

The maximum EYLD drawdown since its inception was -41.82%, smaller than the maximum EEMS drawdown of -48.89%. Use the drawdown chart below to compare losses from any high point for EYLD and EEMS.

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Drawdown Indicators

EYLDEEMSDifference

Max Drawdown

Largest peak-to-trough decline

-41.82%

-48.89%

+7.07%

Max Drawdown (1Y)

Largest decline over 1 year

-10.52%

-10.87%

+0.35%

Max Drawdown (3Y)

Largest decline over 3 years

-20.89%

-19.71%

-1.18%

Max Drawdown (5Y)

Largest decline over 5 years

-29.39%

-27.07%

-2.32%

Max Drawdown (10Y)

Largest decline over 10 years

—

-48.89%

—

Current Drawdown

Current decline from peak

-5.47%

-5.08%

-0.39%

Average Drawdown

Average peak-to-trough decline

-10.24%

-10.48%

+0.24%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.92%

3.24%

-0.32%

Volatility

EYLD vs. EEMS - Volatility Comparison

Cambria Emerging Shareholder Yield ETF (EYLD) and iShares MSCI Emerging Markets Small-Cap ETF (EEMS) have volatilities of 9.70% and 9.86%, 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.

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Volatility by Period

EYLDEEMSDifference

Volatility (1M)

Calculated over the trailing 1-month period

9.70%

9.86%

-0.16%

Volatility (6M)

Calculated over the trailing 6-month period

17.09%

17.19%

-0.10%

Volatility (1Y)

Calculated over the trailing 1-year period

19.57%

19.11%

+0.46%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.62%

16.50%

+2.12%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.78%

18.12%

+3.66%

EYLD vs. EEMS - Expense Ratio Comparison

EYLD has a 0.65% expense ratio, which is lower than EEMS's 0.73% expense ratio.

Dividends

EYLD vs. EEMS - Dividend Comparison

EYLD's dividend yield for the trailing twelve months is around 5.03%, more than EEMS's 2.86% yield.

PositionTTM20252024202320222021202020192018201720162015
EEMS
iShares MSCI Emerging Markets Small-Cap ETF		2.86%3.09%2.60%2.69%0.89%3.56%2.14%2.64%3.06%2.47%2.51%2.33%
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%0.00%

Frequently Asked Questions

EYLD and EEMS have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EEMS has higher volatility (9.86%) compared to EYLD (9.70%). In terms of maximum drawdown, EYLD dropped -41.82% vs EEMS's -48.89%.

On 5-year performance, EYLD leads with 9.26% vs 6.33% for EEMS. On fees, EYLD is cheaper at 0.65% 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.

Over the 5-year period, EYLD has performed better with a 9.26% return vs 6.33%. 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 0.73% for EEMS.

EYLD has the higher dividend yield at 5.03%, compared with 2.86% for EEMS.

EYLD is categorized as Emerging Markets Equities, while EEMS is Emerging Markets Diversified. They also come from different issuers: Cambria and iShares. Their fees differ too: 0.65% for EYLD and 0.73% for EEMS.

EYLD currently has the higher Sharpe Ratio (1.93 vs 1.25), 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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