EYLD vs. FRDM

Last updated Jun 24, 2026

EYLD (Cambria Emerging Shareholder Yield ETF) and FRDM (Freedom 100 Emerging Markets ETF) are both exchange-traded funds - EYLD is a Emerging Markets Equities fund actively managed by Cambria, while FRDM is a Emerging Markets Diversified fund tracking the Life + Liberty Freedom 100 Emerging Markets Index. EYLD is actively managed, while FRDM is passively managed. Over the past 5 years, EYLD returned 9.26%/yr vs 18.74%/yr for FRDM. A 0.74 correlation means they provide meaningful diversification when combined. EYLD charges 0.65%/yr vs 0.49%/yr for FRDM.

Performance

EYLD vs. FRDM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cambria Emerging Shareholder Yield ETF (EYLD) and Freedom 100 Emerging Markets ETF (FRDM). 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 lower than FRDM's 39.87% return.

EYLD

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

FRDM

• 1D: -6.27%
• 1M: 5.76%
• YTD: 39.87%
• 6M: 43.31%
• 1Y: 88.48%
• 3Y*: 35.26%
• 5Y*: 18.74%
• 10Y*: —

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

EYLD vs. FRDM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
EYLD Cambria Emerging Shareholder Yield ETF	20.89%	29.39%	4.72%	18.77%	-16.10%	11.44%	10.13%	14.53%
FRDM Freedom 100 Emerging Markets ETF	39.87%	61.27%	1.70%	22.77%	-14.45%	6.13%	16.90%	12.23%

Correlation

The correlation between EYLD and FRDM 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	0.76
Correlation (5Y) Calculated over the trailing 5-year period	0.75
Correlation (All Time) Calculated using the full available price history since May 23, 2019	0.74

The correlation between EYLD and FRDM has been stable across timeframes, ranging from 0.74 to 0.83 - a consistent structural relationship.

EYLD vs. FRDM - Sectors Allocation Comparison

Sectors	EYLD	FRDM
Financial Services	21.6%	19.4%
Technology	21.5%	48.9%
Industrials	16.7%	7.6%
Energy	6.6%	0.0%
Consumer Cyclical	6.0%	7.1%
Utilities	4.5%	2.1%
Consumer Defensive	3.1%	1.9%
Communication Services	2.6%	3.2%
Real Estate	2.0%	2.0%
Healthcare	1.9%	1.5%
Basic Materials	1.2%	6.4%

Return for Risk

EYLD vs. FRDM — 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

FRDM

FRDM Risk / Return Rank: 90
FRDM Sharpe Ratio Rank: 93
FRDM Sortino Ratio Rank: 85
FRDM Omega Ratio Rank: 90
FRDM Calmar Ratio Rank: 90
FRDM Martin Ratio Rank: 91

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. FRDM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cambria Emerging Shareholder Yield ETF (EYLD) and Freedom 100 Emerging Markets ETF (FRDM). 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	FRDM	Difference
Sharpe ratio: Return per unit of total volatility	1.93	3.18	-1.24
Sortino ratio: Return per unit of downside risk	2.54	3.62	-1.08
Omega ratio: Gain probability vs. loss probability	1.36	1.55	-0.19
Calmar ratio: Return relative to maximum drawdown	3.59	5.27	-1.68
Martin ratio: Return relative to average drawdown	12.91	20.25	-7.34

EYLD vs. FRDM - Sharpe Ratio Comparison

The current EYLD Sharpe Ratio is 1.93, which is lower than the FRDM Sharpe Ratio of 3.18. The chart below compares the historical Sharpe Ratios of EYLD and FRDM, 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. FRDM - Drawdown Comparison

The maximum EYLD drawdown since its inception was -41.82%, roughly equal to the maximum FRDM drawdown of -40.49%. Use the drawdown chart below to compare losses from any high point for EYLD and FRDM.

Drawdown Indicators

	EYLD	FRDM	Difference
Max Drawdown Largest peak-to-trough decline	-41.82%	-40.49%	-1.33%
Max Drawdown (1Y) Largest decline over 1 year	-10.52%	-16.87%	+6.35%
Max Drawdown (3Y) Largest decline over 3 years	-20.89%	-16.87%	-4.02%
Max Drawdown (5Y) Largest decline over 5 years	-29.39%	-29.25%	-0.14%
Current Drawdown Current decline from peak	-5.47%	-6.27%	+0.80%
Average Drawdown Average peak-to-trough decline	-10.24%	-7.07%	-3.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.92%	4.38%	-1.46%

Volatility

EYLD vs. FRDM - Volatility Comparison

The current volatility for Cambria Emerging Shareholder Yield ETF (EYLD) is 9.70%, while Freedom 100 Emerging Markets ETF (FRDM) has a volatility of 15.75%. This indicates that EYLD experiences smaller price fluctuations and is considered to be less risky than FRDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EYLD	FRDM	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.70%	15.75%	-6.05%
Volatility (6M) Calculated over the trailing 6-month period	17.09%	25.69%	-8.60%
Volatility (1Y) Calculated over the trailing 1-year period	19.57%	27.99%	-8.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.62%	21.67%	-3.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.78%	23.26%	-1.48%

EYLD vs. FRDM - Expense Ratio Comparison

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

Dividends

EYLD vs. FRDM - Dividend Comparison

EYLD's dividend yield for the trailing twelve months is around 5.03%, more than FRDM's 1.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%
FRDM Freedom 100 Emerging Markets ETF	1.56%	2.26%	2.53%	2.66%	2.72%	2.17%	1.11%	1.07%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EYLD and FRDM in my portfolio?

EYLD and FRDM 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.

Which is riskier, EYLD or FRDM?

FRDM has higher volatility (15.75%) compared to EYLD (9.70%). In terms of maximum drawdown, EYLD dropped -41.82% vs FRDM's -40.49%.

Which ETF is better, EYLD or FRDM?

On 5-year performance, FRDM leads with 18.74% vs 9.26% for EYLD. On fees, FRDM 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.

Which ETF has performed better, EYLD or FRDM?

Over the 5-year period, FRDM has performed better with a 18.74% return vs 9.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EYLD or FRDM?

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

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

EYLD has the higher dividend yield at 5.03%, compared with 1.56% for FRDM.

What is the main difference between EYLD and FRDM?

EYLD is categorized as Emerging Markets Equities, while FRDM is Emerging Markets Diversified. They also come from different issuers: Cambria and Freedom Funds. Their fees differ too: 0.65% for EYLD and 0.49% for FRDM.

Which has better risk-adjusted returns?

FRDM currently has the higher Sharpe Ratio (3.18 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.