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EYLD vs. EMXC
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EYLD vs. EMXC

Last updated Jun 24, 2026

EYLD (Cambria Emerging Shareholder Yield ETF) and EMXC (iShares MSCI Emerging Markets ex China ETF) are both Emerging Markets Equities funds. EYLD is actively managed, while EMXC is passively managed. Over the past 5 years, EYLD returned 9.26%/yr vs 12.43%/yr for EMXC. A 0.70 correlation means they provide meaningful diversification when combined. EYLD charges 0.65%/yr vs 0.49%/yr for EMXC.

Performance

EYLD vs. EMXC - 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 ex China ETF (EMXC). 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 lower than EMXC's 37.89% return.

EYLD

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

EMXC

1D
-6.44%
1M
4.83%
YTD
37.89%
6M
39.80%
1Y
67.97%
3Y*
27.65%
5Y*
12.43%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

EYLD vs. EMXC - 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%11.00%
EMXC
iShares MSCI Emerging Markets ex China ETF		37.89%35.14%2.68%18.96%-19.56%8.54%12.76%15.80%-12.96%7.16%

Correlation

The correlation between EYLD and EMXC is 0.83, 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

0.83

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

0.77

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

0.77

Correlation (All Time)
Calculated using the full available price history since Jul 26, 2017

0.70

The correlation between EYLD and EMXC shifts across timeframes, from 0.70 (all time) to 0.83 (1 year), reflecting how their relationship changes across market environments.

EYLD vs. EMXC - Sectors Allocation Comparison

Sectors
EYLD
EMXC

Financial Services

21.6%
17.4%

Technology

21.5%
52.4%

Industrials

16.7%
6.9%

Energy

6.6%
3.4%

Consumer Cyclical

6.0%
4.1%

Utilities

4.5%
1.9%

Consumer Defensive

3.1%
2.4%

Communication Services

2.6%
3.0%

Real Estate

2.0%
0.8%

Healthcare

1.9%
1.8%

Basic Materials

1.2%
6.0%

Financial Services

EYLD
21.6%
EMXC
17.4%

Technology

EYLD
21.5%
EMXC
52.4%

Industrials

EYLD
16.7%
EMXC
6.9%

Energy

EYLD
6.6%
EMXC
3.4%

Consumer Cyclical

EYLD
6.0%
EMXC
4.1%

Utilities

EYLD
4.5%
EMXC
1.9%

Consumer Defensive

EYLD
3.1%
EMXC
2.4%

Communication Services

EYLD
2.6%
EMXC
3.0%

Real Estate

EYLD
2.0%
EMXC
0.8%

Healthcare

EYLD
1.9%
EMXC
1.8%

Basic Materials

EYLD
1.2%
EMXC
6.0%

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 ex China ETF

Often compared with EYLD:
EYLD vs. GVALEYLD vs. EDIVEYLD vs. EEMSEYLD vs. AUSFEYLD vs. ECOWEYLD vs. FEMSEYLD vs. EWX
Often compared with EMXC:
EMXC vs. XCEMEMXC vs. IEMGEMXC vs. VWOEMXC vs. EEMEMXC vs. SPEMEMXC vs. VEXCEMXC vs. VNM

Return for Risk

EYLD vs. EMXC — 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
EMXC
EMXC Risk / Return Rank: 8585
Overall Rank
EMXC Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
EMXC Sortino Ratio Rank: 7777
Sortino Ratio Rank
EMXC Omega Ratio Rank: 8686
Omega Ratio Rank
EMXC Calmar Ratio Rank: 8787
Calmar Ratio Rank
EMXC Martin Ratio Rank: 8787
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. EMXC - 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 ex China ETF (EMXC). 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.

EYLDEMXCDifference
Sharpe ratioReturn per unit of total volatility
1.93
2.70

-0.77

Sortino ratioReturn per unit of downside risk
2.54
3.23

-0.69

Omega ratioGain probability vs. loss probability

1.36

1.50

-0.14

Calmar ratioReturn relative to maximum drawdown

3.59

4.74

-1.15

Martin ratioReturn relative to average drawdown

12.91

18.14

-5.22

EYLD vs. EMXC - Sharpe Ratio Comparison

The current EYLD Sharpe Ratio is 1.93, which is comparable to the EMXC Sharpe Ratio of 2.70. The chart below compares the historical Sharpe Ratios of EYLD and EMXC, 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. EMXC - Drawdown Comparison

The maximum EYLD drawdown since its inception was -41.82%, roughly equal to the maximum EMXC drawdown of -42.81%. Use the drawdown chart below to compare losses from any high point for EYLD and EMXC.

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Drawdown Indicators

EYLDEMXCDifference

Max Drawdown

Largest peak-to-trough decline

-41.82%

-42.81%

+0.99%

Max Drawdown (1Y)

Largest decline over 1 year

-10.52%

-14.41%

+3.89%

Max Drawdown (3Y)

Largest decline over 3 years

-20.89%

-19.12%

-1.77%

Max Drawdown (5Y)

Largest decline over 5 years

-29.39%

-28.91%

-0.48%

Current Drawdown

Current decline from peak

-5.47%

-6.44%

+0.97%

Average Drawdown

Average peak-to-trough decline

-10.24%

-10.15%

-0.09%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.92%

3.76%

-0.84%

Volatility

EYLD vs. EMXC - Volatility Comparison

The current volatility for Cambria Emerging Shareholder Yield ETF (EYLD) is 9.70%, while iShares MSCI Emerging Markets ex China ETF (EMXC) has a volatility of 14.74%. This indicates that EYLD experiences smaller price fluctuations and is considered to be less risky than EMXC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EYLDEMXCDifference

Volatility (1M)

Calculated over the trailing 1-month period

9.70%

14.74%

-5.04%

Volatility (6M)

Calculated over the trailing 6-month period

17.09%

23.44%

-6.35%

Volatility (1Y)

Calculated over the trailing 1-year period

19.57%

25.27%

-5.70%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.62%

18.40%

+0.22%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.78%

20.25%

+1.53%

EYLD vs. EMXC - Expense Ratio Comparison

EYLD has a 0.65% expense ratio, which is higher than EMXC's 0.49% expense ratio.

Dividends

EYLD vs. EMXC - Dividend Comparison

EYLD's dividend yield for the trailing twelve months is around 5.03%, more than EMXC's 1.93% yield.

PositionTTM2025202420232022202120202019201820172016
EMXC
iShares MSCI Emerging Markets ex China ETF		1.93%2.82%2.69%1.83%2.85%1.78%1.45%3.25%2.63%0.99%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

EYLD and EMXC have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EMXC has higher volatility (14.74%) compared to EYLD (9.70%). In terms of maximum drawdown, EYLD dropped -41.82% vs EMXC's -42.81%.

On 5-year performance, EMXC leads with 12.43% vs 9.26% for EYLD. On fees, EMXC is cheaper at 0.49% 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, EMXC has performed better with a 12.43% return vs 9.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

EMXC is cheaper with a 0.49% expense ratio, compared with 0.65% for EYLD.

EYLD has the higher dividend yield at 5.03%, compared with 1.93% for EMXC.

They also come from different issuers: Cambria and iShares. Their fees differ too: 0.65% for EYLD and 0.49% for EMXC.

EMXC currently has the higher Sharpe Ratio (2.70 vs 1.93), 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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