FYLD vs. KNO

Last updated Aug 6, 2026

FYLD (Cambria Foreign Shareholder Yield ETF) and KNO (AXS Knowledge Leaders ETF) are both exchange-traded funds - FYLD is a Foreign Small & Mid Cap Equities fund actively managed by Cambria, while KNO is a Global Equities fund actively managed by AXS. Both are actively managed. Over the past year, FYLD returned 35.40% vs 32.48% for KNO. Their 0.63 correlation means they have sometimes moved together and sometimes differently. FYLD charges 0.59%/yr vs 0.84%/yr for KNO.

Performance

FYLD vs. KNO - Performance Comparison

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

Returns By Period

In the year-to-date period, FYLD achieves a 21.93% return, which is significantly lower than KNO's 25.64% return.

FYLD

• 1D: -0.14%
• 1M: 5.37%
• 6M: 9.35%
• YTD: 21.93%
• 1Y: 35.40%
• 3Y*: 21.91%
• 5Y*: 12.79%
• 10Y*: 11.60%
• ALL TIME*: 8.32%

KNO

• 1D: 0.37%
• 1M: 1.71%
• 6M: 17.68%
• YTD: 25.64%
• 1Y: 32.48%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 21.54%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FYLD Cambria Foreign Shareholder Yield ETF	$1.76M	$1.76M	$3.02M
KNO AXS Knowledge Leaders ETF	$33.95K	$26.25K	$36.90K

FYLD vs. KNO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FYLD Cambria Foreign Shareholder Yield ETF	21.93%	34.53%	-4.22%
KNO AXS Knowledge Leaders ETF	25.64%	19.84%	-1.19%

Correlation

The correlation between FYLD and KNO is 0.52, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.52
Correlation (All Time) Calculated using the full available price history since Jul 22, 2024	0.63

The correlation between FYLD and KNO shifts across timeframes, from 0.52 (1 year) to 0.63 (all time), reflecting how their relationship changes across market environments.

FYLD vs. KNO - Sectors Allocation Comparison

Sectors	FYLD	KNO
Energy	25.1%	4.2%
Financial Services	22.2%	1.8%
Industrials	13.7%	22.9%
Consumer Cyclical	11.4%	5.8%
Basic Materials	7.6%	6.5%
Consumer Defensive	7.5%	3.3%
Communication Services	4.9%	1.2%
Utilities	3.9%	1.5%
Technology	2.7%	38.5%
Healthcare	-	13.6%
Real Estate	-	0.8%

Return for Risk

FYLD vs. KNO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FYLD

FYLD Risk / Return Rank: 94
FYLD Sharpe Ratio Rank: 95
FYLD Sortino Ratio Rank: 95
FYLD Omega Ratio Rank: 93
FYLD Calmar Ratio Rank: 96
FYLD Martin Ratio Rank: 94

KNO

KNO Risk / Return Rank: 70
KNO Sharpe Ratio Rank: 69
KNO Sortino Ratio Rank: 69
KNO Omega Ratio Rank: 70
KNO Calmar Ratio Rank: 70
KNO Martin Ratio Rank: 72

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.

FYLD vs. KNO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cambria Foreign Shareholder Yield ETF (FYLD) and AXS Knowledge Leaders ETF (KNO). 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.

	FYLD	KNO	Difference
Sharpe ratio: Return per unit of total volatility	2.96	1.81	+1.14
Sortino ratio: Return per unit of downside risk	4.07	2.56	+1.51
Omega ratio: Gain probability vs. loss probability	1.52	1.33	+0.19
Calmar ratio: Return relative to maximum drawdown	6.27	2.80	+3.48
Martin ratio: Return relative to average drawdown	19.10	10.14	+8.95

FYLD vs. KNO - Sharpe Ratio Comparison

The current FYLD Sharpe Ratio is 2.96, which is higher than the KNO Sharpe Ratio of 1.81. The chart below compares the historical Sharpe Ratios of FYLD and KNO, 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

FYLD vs. KNO - Drawdown Comparison

The maximum FYLD drawdown since its inception was -44.55%, which is greater than KNO's maximum drawdown of -15.50%. Use the drawdown chart below to compare losses from any high point for FYLD and KNO.

Drawdown Indicators

	FYLD	KNO	Difference
Max Drawdown Largest peak-to-trough decline	-44.55%	-15.50%	-29.05%
Max Drawdown (1Y) Largest decline over 1 year	-5.67%	-11.67%	+6.00%
Max Drawdown (3Y) Largest decline over 3 years	-15.15%	—	—
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	-0.55%	-1.08%	+0.53%
Average Drawdown Average peak-to-trough decline	-8.74%	-2.99%	-5.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.86%	3.21%	-1.35%

Volatility

FYLD vs. KNO - Volatility Comparison

The current volatility for Cambria Foreign Shareholder Yield ETF (FYLD) is 2.90%, while AXS Knowledge Leaders ETF (KNO) has a volatility of 5.14%. This indicates that FYLD experiences smaller price fluctuations and is considered to be less risky than KNO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FYLD	KNO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.90%	5.14%	-2.24%
Volatility (6M) Calculated over the trailing 6-month period	9.29%	16.18%	-6.89%
Volatility (1Y) Calculated over the trailing 1-year period	12.03%	18.00%	-5.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.17%	17.41%	-1.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.75%	17.41%	+0.34%

FYLD vs. KNO - Expense Ratio Comparison

FYLD has a 0.59% expense ratio, which is lower than KNO's 0.84% expense ratio.

Dividends

FYLD vs. KNO - Dividend Comparison

FYLD's dividend yield for the trailing twelve months is around 3.31%, more than KNO's 0.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FYLD Cambria Foreign Shareholder Yield ETF	3.31%	4.07%	5.41%	6.06%	6.13%	4.74%	3.94%	3.73%	5.17%	2.85%	2.72%	3.98%
KNO AXS Knowledge Leaders ETF	0.86%	1.08%	3.13%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FYLD and KNO in my portfolio?

FYLD and KNO have a correlation of 0.52, 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 KNO?

KNO has higher volatility (5.14%) compared to FYLD (2.90%). In terms of maximum drawdown, FYLD dropped -44.55% vs KNO's -15.50%.

Which ETF is better, FYLD or KNO?

On 1-year performance, FYLD leads with 35.40% vs 32.48% for KNO. On fees, FYLD is cheaper at 0.59% per year. On volatility, FYLD has been the lower-risk option at 2.90%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FYLD or KNO?

Over the 1-year period, FYLD has performed better with a 35.40% return vs 32.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FYLD or KNO?

FYLD is cheaper with a 0.59% expense ratio, compared with 0.84% for KNO.

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

FYLD has the higher dividend yield at 3.31%, compared with 0.86% for KNO.

What is the main difference between FYLD and KNO?

FYLD is categorized as Foreign Small & Mid Cap Equities, while KNO is Global Equities. They also come from different issuers: Cambria and AXS. Their fees differ too: 0.59% for FYLD and 0.84% for KNO.

Which has better risk-adjusted returns?

FYLD currently has the higher Sharpe Ratio (2.96 vs 1.81), 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.