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EYLD vs. IEMG
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EYLD vs. IEMG

Last updated Aug 2, 2026
Documentation

EYLD (Cambria Emerging Shareholder Yield ETF) and IEMG (iShares Core MSCI Emerging Markets ETF) are both Emerging Markets Equities funds. EYLD is actively managed, while IEMG is passively managed. Over the past 10 years, EYLD returned 11.22%/yr vs 8.84%/yr for IEMG. Their 0.71 correlation means they have sometimes moved together and sometimes differently. EYLD charges 0.65%/yr vs 0.09%/yr for IEMG.

Performance

EYLD vs. IEMG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cambria Emerging Shareholder Yield ETF (EYLD) and iShares Core MSCI Emerging Markets ETF (IEMG). 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 19.91% return, which is significantly higher than IEMG's 16.38% return. Over the past 10 years, EYLD has outperformed IEMG with an annualized return of 11.22%, while IEMG has yielded a comparatively lower 8.84% annualized return.

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%

IEMG

1D
0.73%
1M
-2.79%
6M
7.82%
YTD
16.38%
1Y
32.88%
3Y*
18.00%
5Y*
7.26%
10Y*
8.84%
ALL TIME*
6.11%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

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

EYLD

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

IEMG

iShares Core MSCI Emerging Markets ETF
$833.06M$972.69M$1.09B

EYLD vs. IEMG - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
IEMG
iShares Core MSCI Emerging Markets ETF		16.38%32.56%6.50%11.52%-19.98%-0.64%17.87%17.81%-14.92%37.38%

Correlation

The correlation between EYLD and IEMG is 0.82, meaning they have usually moved in the same direction, including during past declines.

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

0.82

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

0.80

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

0.79

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

0.71

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

0.71

The correlation between EYLD and IEMG shifts across timeframes, from 0.71 (all time) to 0.82 (1 year), reflecting how their relationship changes across market environments.

EYLD vs. IEMG - Sectors Allocation Comparison

Sectors
EYLD
IEMG

Financial Services

27.0%
17.3%

Technology

19.5%
43.6%

Industrials

15.1%
7.7%

Energy

9.3%
3.0%

Consumer Cyclical

8.2%
7.7%

Communication Services

5.3%
5.6%

Utilities

5.0%
1.9%

Consumer Defensive

3.2%
2.8%

Basic Materials

2.8%
5.8%

Healthcare

2.8%
3.2%

Real Estate

1.8%
1.5%

Financial Services

EYLD
27.0%
IEMG
17.3%

Technology

EYLD
19.5%
IEMG
43.6%

Industrials

EYLD
15.1%
IEMG
7.7%

Energy

EYLD
9.3%
IEMG
3.0%

Consumer Cyclical

EYLD
8.2%
IEMG
7.7%

Communication Services

EYLD
5.3%
IEMG
5.6%

Utilities

EYLD
5.0%
IEMG
1.9%

Consumer Defensive

EYLD
3.2%
IEMG
2.8%

Basic Materials

EYLD
2.8%
IEMG
5.8%

Healthcare

EYLD
2.8%
IEMG
3.2%

Real Estate

EYLD
1.8%
IEMG
1.5%

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 Core MSCI Emerging Markets ETF

Often compared with EYLD:
EYLD vs. GVALEYLD vs. EDIVEYLD vs. EEMSEYLD vs. ECOWEYLD vs. AUSFEYLD vs. FEMSEYLD vs. EWX
Often compared with IEMG:
IEMG vs. VWOIEMG vs. EEMIEMG vs. IEFAIEMG vs. EMXCIEMG vs. SCHEIEMG vs. IXUSIEMG vs. SPY

Return for Risk

EYLD vs. IEMG — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
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
IEMG
IEMG Risk / Return Rank: 6060
Overall Rank
IEMG Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
IEMG Sortino Ratio Rank: 5353
Sortino Ratio Rank
IEMG Omega Ratio Rank: 6161
Omega Ratio Rank
IEMG Calmar Ratio Rank: 6868
Calmar Ratio Rank
IEMG Martin Ratio Rank: 6060
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.

EYLD vs. IEMG - Risk-Adjusted Trends Comparison

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

EYLDIEMGDifference
Sharpe ratioReturn per unit of total volatility
1.65
1.35

+0.30

Sortino ratioReturn per unit of downside risk
2.26
1.85

+0.41

Omega ratioGain probability vs. loss probability

1.30

1.26

+0.04

Calmar ratioReturn relative to maximum drawdown

3.18

2.33

+0.85

Martin ratioReturn relative to average drawdown

9.68

7.16

+2.52

EYLD vs. IEMG - Sharpe Ratio Comparison

The current EYLD Sharpe Ratio is 1.65, which is comparable to the IEMG Sharpe Ratio of 1.35. The chart below compares the historical Sharpe Ratios of EYLD and IEMG, 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. IEMG - Drawdown Comparison

The maximum EYLD drawdown since its inception was -41.82%, which is greater than IEMG's maximum drawdown of -38.71%. Use the drawdown chart below to compare losses from any high point for EYLD and IEMG.

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Drawdown Indicators

EYLDIEMGDifference

Max Drawdown

Largest peak-to-trough decline

-41.82%

-38.71%

-3.11%

Max Drawdown (1Y)

Largest decline over 1 year

-10.52%

-13.78%

+3.26%

Max Drawdown (3Y)

Largest decline over 3 years

-20.89%

-17.21%

-3.68%

Max Drawdown (5Y)

Largest decline over 5 years

-29.27%

-33.61%

+4.34%

Max Drawdown (10Y)

Largest decline over 10 years

-41.82%

-38.71%

-3.11%

Current Drawdown

Current decline from peak

-6.24%

-9.76%

+3.52%

Average Drawdown

Average peak-to-trough decline

-10.20%

-12.89%

+2.69%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.45%

4.47%

-1.02%

Volatility

EYLD vs. IEMG - Volatility Comparison

The current volatility for Cambria Emerging Shareholder Yield ETF (EYLD) is 6.88%, while iShares Core MSCI Emerging Markets ETF (IEMG) has a volatility of 8.73%. This indicates that EYLD experiences smaller price fluctuations and is considered to be less risky than IEMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EYLDIEMGDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.88%

8.73%

-1.85%

Volatility (6M)

Calculated over the trailing 6-month period

18.10%

21.74%

-3.64%

Volatility (1Y)

Calculated over the trailing 1-year period

20.31%

23.71%

-3.40%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.57%

19.27%

-0.70%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.08%

20.32%

-1.24%

EYLD vs. IEMG - Expense Ratio Comparison

EYLD has a 0.65% expense ratio, which is higher than IEMG's 0.09% expense ratio.

Dividends

EYLD vs. IEMG - Dividend Comparison

EYLD's dividend yield for the trailing twelve months is around 5.08%, more than IEMG's 2.32% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
IEMG
iShares Core MSCI Emerging Markets ETF		2.32%2.75%3.20%2.89%2.71%3.06%1.87%3.15%2.76%2.35%2.28%2.53%

Frequently Asked Questions

EYLD and IEMG have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IEMG has higher volatility (8.73%) compared to EYLD (6.88%). In terms of maximum drawdown, EYLD dropped -41.82% vs IEMG's -38.71%.

On 10-year performance, EYLD leads with 11.22% vs 8.84% for IEMG. On fees, IEMG is cheaper at 0.09% per year. On volatility, EYLD has been the lower-risk option at 6.88%. 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 8.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IEMG is cheaper with a 0.09% expense ratio, compared with 0.65% for EYLD.

EYLD has the higher dividend yield at 5.08%, compared with 2.32% for IEMG.

They also come from different issuers: Cambria and iShares. Their fees differ too: 0.65% for EYLD and 0.09% for IEMG.

EYLD currently has the higher Sharpe Ratio (1.65 vs 1.35), 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.

Portfolio Optimizer

Find the right allocation for EYLD and IEMG

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

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