FYLD vs. FWD

Last updated Jun 4, 2026

FYLD (Cambria Foreign Shareholder Yield ETF) and FWD (AB Disruptors ETF) are both Global Equities funds. Both are actively managed. Over the past 3 years, FYLD returned 22.34%/yr vs 39.48%/yr for FWD. A 0.51 correlation means they provide meaningful diversification when combined. FYLD charges 0.59%/yr vs 0.65%/yr for FWD.

Performance

FYLD vs. FWD - Performance Comparison

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

Returns By Period

In the year-to-date period, FYLD achieves a 18.51% return, which is significantly lower than FWD's 40.11% return.

FYLD

• 1D: -0.18%
• 1M: 0.58%
• YTD: 18.51%
• 6M: 19.88%
• 1Y: 39.75%
• 3Y*: 22.34%
• 5Y*: 11.38%
• 10Y*: 11.35%

FWD

• 1D: -0.27%
• 1M: 14.15%
• YTD: 40.11%
• 6M: 39.78%
• 1Y: 75.95%
• 3Y*: 39.48%
• 5Y*: —
• 10Y*: —

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

FYLD vs. FWD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FYLD Cambria Foreign Shareholder Yield ETF	18.51%	34.53%	3.00%	11.36%
FWD AB Disruptors ETF	40.11%	32.00%	29.23%	25.66%

Correlation

The correlation between FYLD and FWD 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	0.50
Correlation (All Time) Calculated using the full available price history since Mar 23, 2023	0.51

The correlation between FYLD and FWD has been stable across timeframes, ranging from 0.45 to 0.51 - a consistent structural relationship.

FYLD vs. FWD - Sectors Allocation Comparison

Sectors	FYLD	FWD
Energy	32.7%	2.6%
Financial Services	18.9%	0.5%
Industrials	16.1%	17.7%
Basic Materials	9.4%	1.8%
Consumer Cyclical	7.3%	2.4%
Consumer Defensive	5.7%	0.8%
Technology	4.2%	52.6%
Communication Services	4.1%	2.6%
Utilities	1.8%	1.0%
Healthcare	-	6.6%
Real Estate	-	0.7%

Return for Risk

FYLD vs. FWD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FYLD

FYLD Risk / Return Rank: 93
FYLD Sharpe Ratio Rank: 93
FYLD Sortino Ratio Rank: 93
FYLD Omega Ratio Rank: 92
FYLD Calmar Ratio Rank: 94
FYLD Martin Ratio Rank: 93

FWD

FWD Risk / Return Rank: 87
FWD Sharpe Ratio Rank: 90
FWD Sortino Ratio Rank: 83
FWD Omega Ratio Rank: 83
FWD Calmar Ratio Rank: 91
FWD Martin Ratio Rank: 90

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. FWD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cambria Foreign Shareholder Yield ETF (FYLD) and AB Disruptors ETF (FWD). 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.

	FYLD	FWD	Difference
Sharpe ratio Return per unit of total volatility	3.48	3.16	+0.31
Sortino ratio Return per unit of downside risk	4.75	3.78	+0.98
Omega ratio Gain probability vs. loss probability	1.62	1.50	+0.12
Calmar ratio Return relative to maximum drawdown	7.35	5.86	+1.49
Martin ratio Return relative to average drawdown	26.30	20.83	+5.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FYLD vs. FWD - Sharpe Ratio Comparison

The current FYLD Sharpe Ratio is 3.48, which is comparable to the FWD Sharpe Ratio of 3.16. The chart below compares the historical Sharpe Ratios of FYLD and FWD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FYLD	FWD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.48	3.16	+0.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.71	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.63	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	1.67	-1.22

Drawdowns

FYLD vs. FWD - Drawdown Comparison

The maximum FYLD drawdown since its inception was -44.55%, which is greater than FWD's maximum drawdown of -29.02%. Use the drawdown chart below to compare losses from any high point for FYLD and FWD.

Drawdown Indicators

	FYLD	FWD	Difference
Max Drawdown Largest peak-to-trough decline	-44.55%	-29.02%	-15.53%
Max Drawdown (1Y) Largest decline over 1 year	-5.44%	-13.03%	+7.59%
Max Drawdown (3Y) Largest decline over 3 years	-15.15%	-29.02%	+13.87%
Max Drawdown (5Y) Largest decline over 5 years	-25.12%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-44.55%	—	—
Current Drawdown Current decline from peak	-1.54%	-0.27%	-1.27%
Average Drawdown Average peak-to-trough decline	-8.83%	-4.06%	-4.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.52%	3.66%	-2.14%

Volatility

FYLD vs. FWD - Volatility Comparison

The current volatility for Cambria Foreign Shareholder Yield ETF (FYLD) is 3.00%, while AB Disruptors ETF (FWD) has a volatility of 7.77%. This indicates that FYLD experiences smaller price fluctuations and is considered to be less risky than FWD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FYLD	FWD	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.00%	7.77%	-4.77%
Volatility (6M) Calculated over the trailing 6-month period	8.78%	18.96%	-10.18%
Volatility (1Y) Calculated over the trailing 1-year period	11.50%	24.15%	-12.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.23%	24.72%	-8.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.03%	24.72%	-6.69%

FYLD vs. FWD - Expense Ratio Comparison

FYLD has a 0.59% expense ratio, which is lower than FWD's 0.65% expense ratio.

Dividends

FYLD vs. FWD - Dividend Comparison

FYLD's dividend yield for the trailing twelve months is around 3.65%, more than FWD's 0.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FWD AB Disruptors ETF	0.08%	0.11%	1.89%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FYLD Cambria Foreign Shareholder Yield ETF	3.65%	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

Can I hold both FYLD and FWD in my portfolio?

FYLD and FWD 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.

Which is riskier, FYLD or FWD?

FWD has higher volatility (7.77%) compared to FYLD (3.00%). In terms of maximum drawdown, FYLD dropped -44.55% vs FWD's -29.02%.

Which ETF is better, FYLD or FWD?

On 3-year performance, FWD leads with 39.48% vs 22.34% for FYLD. On fees, FYLD is cheaper at 0.59% per year. On volatility, FYLD has been the lower-risk option at 3.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FYLD or FWD?

Over the 3-year period, FWD has performed better with a 39.48% return vs 22.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FYLD or FWD?

FYLD is cheaper with a 0.59% expense ratio, compared with 0.65% for FWD.

Which ETF pays a higher dividend yield, FYLD or FWD?

FYLD has the higher dividend yield at 3.65%, compared with 0.08% for FWD.

What is the main difference between FYLD and FWD?

They also come from different issuers: Cambria and AllianceBernstein. Their fees differ too: 0.59% for FYLD and 0.65% for FWD.

Which has better risk-adjusted returns?

FYLD currently has the higher Sharpe Ratio (3.48 vs 3.16), 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.