FYLD vs. SCHO
FYLD (Cambria Foreign Shareholder Yield ETF) and SCHO (Schwab Short-Term U.S. Treasury ETF) are both exchange-traded funds - FYLD is a Global Equities fund actively managed by Cambria, while SCHO is a Government Bonds fund tracking the Bloomberg U.S. Treasury 1-3 Year Index. FYLD is actively managed, while SCHO is passively managed. Over the past 10 years, FYLD returned 11.83%/yr vs 1.71%/yr for SCHO. At a correlation of -0.07, they often move in opposite directions. FYLD charges 0.59%/yr vs 0.03%/yr for SCHO.
Performance
FYLD vs. SCHO - Performance Comparison
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Returns By Period
In the year-to-date period, FYLD achieves a 19.06% return, which is significantly higher than SCHO's 0.58% return. Over the past 10 years, FYLD has outperformed SCHO with an annualized return of 11.83%, while SCHO has yielded a comparatively lower 1.71% annualized return.
FYLD
- 1D
- -0.75%
- 1M
- -0.10%
- YTD
- 19.06%
- 6M
- 19.12%
- 1Y
- 37.39%
- 3Y*
- 21.45%
- 5Y*
- 11.67%
- 10Y*
- 11.83%
SCHO
- 1D
- 0.04%
- 1M
- 0.31%
- YTD
- 0.58%
- 6M
- 0.82%
- 1Y
- 3.47%
- 3Y*
- 4.27%
- 5Y*
- 1.86%
- 10Y*
- 1.71%
FYLD vs. SCHO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FYLD Cambria Foreign Shareholder Yield ETF | 19.06% | 34.53% | 3.00% | 13.18% | -5.53% | 18.67% | 4.17% | 17.83% | -14.47% | 29.81% |
SCHO Schwab Short-Term U.S. Treasury ETF | 0.58% | 5.49% | 3.65% | 4.31% | -3.87% | -0.64% | 3.11% | 3.47% | 1.37% | 0.33% |
Correlation
The correlation between FYLD and SCHO is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2013 | -0.07 |
The correlation between FYLD and SCHO shifts across timeframes, from -0.07 (all time) to 0.18 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FYLD vs. SCHO — Risk / Return Rank
FYLD
SCHO
FYLD vs. SCHO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cambria Foreign Shareholder Yield ETF (FYLD) and Schwab Short-Term U.S. Treasury ETF (SCHO). 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 | SCHO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.61 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.52 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 6.91 | 4.06 | +2.85 |
| Martin ratioReturn relative to average drawdown | 24.32 | 17.10 | +7.21 |
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Drawdowns
FYLD vs. SCHO - Drawdown Comparison
The maximum FYLD drawdown since its inception was -44.55%, which is greater than SCHO's maximum drawdown of -5.69%. Use the drawdown chart below to compare losses from any high point for FYLD and SCHO.
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Drawdown Indicators
| FYLD | SCHO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.55% | -5.69% | -38.86% |
Max Drawdown (1Y)Largest decline over 1 year | -5.44% | -0.86% | -4.58% |
Max Drawdown (3Y)Largest decline over 3 years | -15.15% | -0.98% | -14.17% |
Max Drawdown (5Y)Largest decline over 5 years | -25.12% | -5.69% | -19.43% |
Max Drawdown (10Y)Largest decline over 10 years | -44.55% | -5.69% | -38.86% |
Current DrawdownCurrent decline from peak | -1.08% | -0.10% | -0.98% |
Average DrawdownAverage peak-to-trough decline | -8.81% | -0.61% | -8.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.54% | 0.20% | +1.34% |
Volatility
FYLD vs. SCHO - Volatility Comparison
Cambria Foreign Shareholder Yield ETF (FYLD) has a higher volatility of 3.78% compared to Schwab Short-Term U.S. Treasury ETF (SCHO) at 0.43%. This indicates that FYLD's price experiences larger fluctuations and is considered to be riskier than SCHO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FYLD | SCHO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.78% | 0.43% | +3.35% |
Volatility (6M)Calculated over the trailing 6-month period | 9.24% | 0.93% | +8.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.87% | 1.36% | +10.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.28% | 1.98% | +14.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.01% | 1.56% | +16.45% |
FYLD vs. SCHO - Expense Ratio Comparison
FYLD has a 0.59% expense ratio, which is higher than SCHO's 0.03% expense ratio.
Dividends
FYLD vs. SCHO - Dividend Comparison
FYLD's dividend yield for the trailing twelve months is around 3.63%, less than SCHO's 3.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FYLD Cambria Foreign Shareholder Yield ETF | 3.63% | 4.07% | 5.41% | 6.06% | 6.13% | 4.74% | 3.94% | 3.73% | 5.17% | 2.85% | 2.72% | 3.98% |
SCHO Schwab Short-Term U.S. Treasury ETF | 3.90% | 4.06% | 4.29% | 3.76% | 1.34% | 0.41% | 1.27% | 2.27% | 1.60% | 1.12% | 0.82% | 0.68% |
Frequently Asked Questions
FYLD and SCHO have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FYLD has higher volatility (3.78%) compared to SCHO (0.43%). In terms of maximum drawdown, FYLD dropped -44.55% vs SCHO's -5.69%.
On 10-year performance, FYLD leads with 11.83% vs 1.71% for SCHO. On fees, SCHO is cheaper at 0.03% per year. On volatility, SCHO has been the lower-risk option at 0.43%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, FYLD has performed better with a 11.83% return vs 1.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHO is cheaper with a 0.03% expense ratio, compared with 0.59% for FYLD.
SCHO has the higher dividend yield at 3.90%, compared with 3.63% for FYLD.
FYLD is categorized as Global Equities, while SCHO is Government Bonds. They also come from different issuers: Cambria and Charles Schwab. Their fees differ too: 0.59% for FYLD and 0.03% for SCHO.
FYLD currently has the higher Sharpe Ratio (3.17 vs 2.56), 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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