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FYLD vs. EWY
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FYLD vs. EWY

Last updated Jun 13, 2026

FYLD (Cambria Foreign Shareholder Yield ETF) and EWY (iShares MSCI South Korea ETF) are both exchange-traded funds - FYLD is a Global Equities fund actively managed by Cambria, while EWY is a Asia Pacific Equities fund tracking the MSCI Korea Index. FYLD is actively managed, while EWY is passively managed. Over the past 10 years, FYLD returned 12.08%/yr vs 16.84%/yr for EWY. A 0.60 correlation means they provide meaningful diversification when combined. Both charge a 0.59% expense ratio.

Performance

FYLD vs. EWY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cambria Foreign Shareholder Yield ETF (FYLD) and iShares MSCI South Korea ETF (EWY). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, FYLD achieves a 19.96% return, which is significantly lower than EWY's 103.10% return. Over the past 10 years, FYLD has underperformed EWY with an annualized return of 12.08%, while EWY has yielded a comparatively higher 16.84% annualized return.

FYLD

1D
0.21%
1M
0.47%
YTD
19.96%
6M
20.90%
1Y
38.49%
3Y*
22.16%
5Y*
11.63%
10Y*
12.08%

EWY

1D
-0.75%
1M
4.68%
YTD
103.10%
6M
117.85%
1Y
198.25%
3Y*
46.46%
5Y*
18.80%
10Y*
16.84%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FYLD vs. EWY - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FYLD
Cambria Foreign Shareholder Yield ETF		19.96%34.53%3.00%13.18%-5.53%18.67%4.17%17.83%-14.47%29.81%
EWY
iShares MSCI South Korea ETF		103.10%95.33%-20.48%19.05%-26.59%-7.58%39.43%7.97%-20.37%44.97%

Correlation

The correlation between FYLD and EWY is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.45

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

0.51

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

0.59

Correlation (10Y)
Calculated over the trailing 10-year period

0.59

Correlation (All Time)
Calculated using the full available price history since Dec 3, 2013

0.60

The correlation between FYLD and EWY shifts across timeframes, from 0.45 (1 year) to 0.60 (all time), reflecting how their relationship changes across market environments.

FYLD vs. EWY - Sectors Allocation Comparison

Sectors
FYLD
EWY

Energy

32.7%
1.4%

Financial Services

18.9%
9.6%

Industrials

16.1%
20.4%

Basic Materials

9.4%
2.0%

Consumer Cyclical

7.3%
5.7%

Consumer Defensive

5.7%
1.7%

Technology

4.2%
52.4%

Communication Services

4.1%
2.9%

Utilities

1.8%
0.4%

Healthcare

-

3.5%

Real Estate

-

-

Energy

FYLD
32.7%
EWY
1.4%

Financial Services

FYLD
18.9%
EWY
9.6%

Industrials

FYLD
16.1%
EWY
20.4%

Basic Materials

FYLD
9.4%
EWY
2.0%

Consumer Cyclical

FYLD
7.3%
EWY
5.7%

Consumer Defensive

FYLD
5.7%
EWY
1.7%

Technology

FYLD
4.2%
EWY
52.4%

Communication Services

FYLD
4.1%
EWY
2.9%

Utilities

FYLD
1.8%
EWY
0.4%

Healthcare

FYLD

-

EWY
3.5%

Real Estate

FYLD

-

EWY

-

Compare stocks, funds, or ETFs

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

Cambria Foreign Shareholder Yield ETF

iShares MSCI South Korea ETF

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Often compared with EWY:
EWY vs. FLKREWY vs. SPYEWY vs. EWJEWY vs. KORUEWY vs. QQQEWY vs. EWTEWY vs. EWH

Return for Risk

FYLD vs. EWY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FYLD
FYLD Risk / Return Rank: 9494
Overall Rank
FYLD Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
FYLD Sortino Ratio Rank: 9494
Sortino Ratio Rank
FYLD Omega Ratio Rank: 9393
Omega Ratio Rank
FYLD Calmar Ratio Rank: 9595
Calmar Ratio Rank
FYLD Martin Ratio Rank: 9595
Martin Ratio Rank
EWY
EWY Risk / Return Rank: 9595
Overall Rank
EWY Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
EWY Sortino Ratio Rank: 9393
Sortino Ratio Rank
EWY Omega Ratio Rank: 9494
Omega Ratio Rank
EWY Calmar Ratio Rank: 9797
Calmar Ratio Rank
EWY Martin Ratio Rank: 9696
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.

FYLD vs. EWY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cambria Foreign Shareholder Yield ETF (FYLD) and iShares MSCI South Korea ETF (EWY). 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.

FYLDEWYDifference
Sharpe ratioReturn per unit of total volatility
3.27
4.29

-1.02

Sortino ratioReturn per unit of downside risk
4.50
4.08

+0.42

Omega ratioGain probability vs. loss probability

1.58

1.59

-0.01

Calmar ratioReturn relative to maximum drawdown

7.11

8.65

-1.53

Martin ratioReturn relative to average drawdown

25.06

30.24

-5.18

FYLD vs. EWY - Sharpe Ratio Comparison

The current FYLD Sharpe Ratio is 3.27, which is comparable to the EWY Sharpe Ratio of 4.29. The chart below compares the historical Sharpe Ratios of FYLD and EWY, 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

FYLD vs. EWY - Drawdown Comparison

The maximum FYLD drawdown since its inception was -44.55%, smaller than the maximum EWY drawdown of -74.14%. Use the drawdown chart below to compare losses from any high point for FYLD and EWY.

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Drawdown Indicators

FYLDEWYDifference

Max Drawdown

Largest peak-to-trough decline

-44.55%

-74.14%

+29.59%

Max Drawdown (1Y)

Largest decline over 1 year

-5.44%

-23.08%

+17.64%

Max Drawdown (3Y)

Largest decline over 3 years

-15.15%

-27.36%

+12.21%

Max Drawdown (5Y)

Largest decline over 5 years

-25.12%

-48.55%

+23.43%

Max Drawdown (10Y)

Largest decline over 10 years

-44.55%

-49.73%

+5.18%

Current Drawdown

Current decline from peak

-0.33%

-8.88%

+8.55%

Average Drawdown

Average peak-to-trough decline

-8.81%

-20.11%

+11.30%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.54%

6.59%

-5.05%

Volatility

FYLD vs. EWY - Volatility Comparison

The current volatility for Cambria Foreign Shareholder Yield ETF (FYLD) is 3.71%, while iShares MSCI South Korea ETF (EWY) has a volatility of 25.64%. This indicates that FYLD experiences smaller price fluctuations and is considered to be less risky than EWY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FYLDEWYDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.71%

25.64%

-21.93%

Volatility (6M)

Calculated over the trailing 6-month period

9.21%

42.65%

-33.44%

Volatility (1Y)

Calculated over the trailing 1-year period

11.82%

46.51%

-34.69%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.27%

30.15%

-13.88%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.01%

28.06%

-10.05%

FYLD vs. EWY - Expense Ratio Comparison

Both FYLD and EWY have an expense ratio of 0.59%.

Dividends

FYLD vs. EWY - Dividend Comparison

FYLD's dividend yield for the trailing twelve months is around 3.60%, more than EWY's 1.03% yield.

PositionTTM20252024202320222021202020192018201720162015
EWY
iShares MSCI South Korea ETF		1.03%2.10%2.55%2.52%1.23%2.16%0.73%2.10%1.34%2.90%1.21%2.42%
FYLD
Cambria Foreign Shareholder Yield ETF		3.60%4.07%5.41%6.06%6.13%4.74%3.94%3.73%5.17%2.85%2.72%3.98%

Frequently Asked Questions

FYLD and EWY have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EWY has higher volatility (25.64%) compared to FYLD (3.71%). In terms of maximum drawdown, FYLD dropped -44.55% vs EWY's -74.14%.

On 10-year performance, EWY leads with 16.84% vs 12.08% for FYLD. Both ETFs have the same 0.59% expense ratio. On volatility, FYLD has been the lower-risk option at 3.71%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, EWY has performed better with a 16.84% return vs 12.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

FYLD and EWY have the same expense ratio: 0.59% per year.

FYLD has the higher dividend yield at 3.60%, compared with 1.03% for EWY.

FYLD is categorized as Global Equities, while EWY is Asia Pacific Equities. They also come from different issuers: Cambria and iShares.

EWY currently has the higher Sharpe Ratio (4.29 vs 3.27), 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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