LYLD vs. DIVB

Last updated Jul 14, 2026

LYLD (Cambria Large Cap Shareholder Yield ETF) and DIVB (iShares Core Dividend ETF) are both exchange-traded funds - LYLD is a Large Cap Value Equities fund actively managed by Cambria, while DIVB is a Dividend fund tracking the Morningstar US Dividend and Buyback Index. LYLD is actively managed, while DIVB is passively managed. Over the past year, LYLD returned 18.88% vs 26.41% for DIVB. Their correlation of 0.88 suggests significant overlap in exposure. LYLD charges 0.59%/yr vs 0.05%/yr for DIVB.

Performance

LYLD vs. DIVB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cambria Large Cap Shareholder Yield ETF (LYLD) and iShares Core Dividend ETF (DIVB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LYLD achieves a 12.37% return, which is significantly lower than DIVB's 19.48% return.

LYLD

• 1D: 1.01%
• 1M: 1.17%
• 6M: 9.16%
• YTD: 12.37%
• 1Y: 18.88%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DIVB

• 1D: -2.17%
• 1M: 1.54%
• 6M: 17.14%
• YTD: 19.48%
• 1Y: 26.41%
• 3Y*: 20.96%
• 5Y*: 12.43%
• 10Y*: —

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

LYLD vs. DIVB - Yearly Performance Comparison

	2026 (YTD)	2025	2024
LYLD Cambria Large Cap Shareholder Yield ETF	12.37%	12.90%	1.20%
DIVB iShares Core Dividend ETF	19.48%	15.09%	7.06%

Correlation

The correlation between LYLD and DIVB is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.84
Correlation (All Time) Calculated using the full available price history since Jul 12, 2024	0.88

The correlation between LYLD and DIVB has been stable across timeframes, ranging from 0.84 to 0.88 - a consistent structural relationship.

Return for Risk

LYLD vs. DIVB — Risk / Return Rank

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

LYLD

LYLD Risk / Return Rank: 61
LYLD Sharpe Ratio Rank: 62
LYLD Sortino Ratio Rank: 66
LYLD Omega Ratio Rank: 58
LYLD Calmar Ratio Rank: 62
LYLD Martin Ratio Rank: 58

DIVB

DIVB Risk / Return Rank: 85
DIVB Sharpe Ratio Rank: 86
DIVB Sortino Ratio Rank: 86
DIVB Omega Ratio Rank: 83
DIVB Calmar Ratio Rank: 87
DIVB Martin Ratio Rank: 83

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.

LYLD vs. DIVB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cambria Large Cap Shareholder Yield ETF (LYLD) and iShares Core Dividend ETF (DIVB). 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.

	LYLD	DIVB	Difference
Sharpe ratio: Return per unit of total volatility	1.64	2.19	-0.55
Sortino ratio: Return per unit of downside risk	2.41	3.07	-0.66
Omega ratio: Gain probability vs. loss probability	1.29	1.39	-0.10
Calmar ratio: Return relative to maximum drawdown	2.46	3.89	-1.43
Martin ratio: Return relative to average drawdown	8.06	13.05	-5.00

LYLD vs. DIVB - Sharpe Ratio Comparison

The current LYLD Sharpe Ratio is 1.64, which is comparable to the DIVB Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of LYLD and DIVB, 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

LYLD vs. DIVB - Drawdown Comparison

The maximum LYLD drawdown since its inception was -18.64%, smaller than the maximum DIVB drawdown of -36.93%. Use the drawdown chart below to compare losses from any high point for LYLD and DIVB.

Drawdown Indicators

	LYLD	DIVB	Difference
Max Drawdown Largest peak-to-trough decline	-18.64%	-36.93%	+18.29%
Max Drawdown (1Y) Largest decline over 1 year	-7.70%	-6.82%	-0.88%
Max Drawdown (3Y) Largest decline over 3 years	—	-15.45%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-21.08%	—
Current Drawdown Current decline from peak	0.00%	-2.17%	+2.17%
Average Drawdown Average peak-to-trough decline	-3.54%	-4.94%	+1.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.35%	2.03%	+0.32%

Volatility

LYLD vs. DIVB - Volatility Comparison

The current volatility for Cambria Large Cap Shareholder Yield ETF (LYLD) is 3.60%, while iShares Core Dividend ETF (DIVB) has a volatility of 4.43%. This indicates that LYLD experiences smaller price fluctuations and is considered to be less risky than DIVB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LYLD	DIVB	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.60%	4.43%	-0.83%
Volatility (6M) Calculated over the trailing 6-month period	7.80%	9.31%	-1.51%
Volatility (1Y) Calculated over the trailing 1-year period	11.56%	12.09%	-0.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.41%	15.33%	+0.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.41%	18.35%	-2.94%

LYLD vs. DIVB - Expense Ratio Comparison

LYLD has a 0.59% expense ratio, which is higher than DIVB's 0.05% expense ratio.

Dividends

LYLD vs. DIVB - Dividend Comparison

LYLD's dividend yield for the trailing twelve months is around 2.08%, less than DIVB's 2.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DIVB iShares Core Dividend ETF	2.22%	2.50%	2.61%	3.18%	2.02%	1.63%	2.08%	2.07%	2.52%	0.37%
LYLD Cambria Large Cap Shareholder Yield ETF	2.08%	2.79%	0.72%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LYLD and DIVB in my portfolio?

LYLD and DIVB have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LYLD or DIVB?

DIVB has higher volatility (4.43%) compared to LYLD (3.60%). In terms of maximum drawdown, LYLD dropped -18.64% vs DIVB's -36.93%.

Which ETF is better, LYLD or DIVB?

On 1-year performance, DIVB leads with 26.41% vs 18.88% for LYLD. On fees, DIVB is cheaper at 0.05% per year. On volatility, LYLD has been the lower-risk option at 3.60%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LYLD or DIVB?

Over the 1-year period, DIVB has performed better with a 26.41% return vs 18.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LYLD or DIVB?

DIVB is cheaper with a 0.05% expense ratio, compared with 0.59% for LYLD.

Which ETF pays a higher dividend yield, LYLD or DIVB?

DIVB has the higher dividend yield at 2.22%, compared with 2.08% for LYLD.

What is the main difference between LYLD and DIVB?

LYLD is categorized as Large Cap Value Equities, while DIVB is Dividend. They also come from different issuers: Cambria and iShares. Their fees differ too: 0.59% for LYLD and 0.05% for DIVB.

Which has better risk-adjusted returns?

DIVB currently has the higher Sharpe Ratio (2.19 vs 1.64), 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.