LYLD vs. DLN

Last updated Jun 24, 2026

LYLD (Cambria Large Cap Shareholder Yield ETF) and DLN (WisdomTree U.S. LargeCap Dividend Fund) are both Large Cap Value Equities funds. LYLD is actively managed, while DLN is passively managed. Over the past year, LYLD returned 18.09% vs 21.42% for DLN. Their correlation of 0.82 suggests significant overlap in exposure. LYLD charges 0.59%/yr vs 0.28%/yr for DLN.

Performance

LYLD vs. DLN - Performance Comparison

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

Returns By Period

In the year-to-date period, LYLD achieves a 8.45% return, which is significantly lower than DLN's 9.95% return.

LYLD

• 1D: 0.58%
• 1M: -0.50%
• YTD: 8.45%
• 6M: 7.46%
• 1Y: 18.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DLN

• 1D: -0.13%
• 1M: 0.05%
• YTD: 9.95%
• 6M: 9.49%
• 1Y: 21.42%
• 3Y*: 18.12%
• 5Y*: 12.49%
• 10Y*: 12.86%

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

LYLD vs. DLN - Yearly Performance Comparison

	2026 (YTD)	2025	2024
LYLD Cambria Large Cap Shareholder Yield ETF	8.45%	12.90%	1.20%
DLN WisdomTree U.S. LargeCap Dividend Fund	9.95%	15.53%	6.13%

Correlation

The correlation between LYLD and DLN is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.78
Correlation (All Time) Calculated using the full available price history since Jul 12, 2024	0.82

The correlation between LYLD and DLN has been stable across timeframes, ranging from 0.78 to 0.82 - a consistent structural relationship.

Return for Risk

LYLD vs. DLN — Risk / Return Rank

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

LYLD

LYLD Risk / Return Rank: 50
LYLD Sharpe Ratio Rank: 50
LYLD Sortino Ratio Rank: 52
LYLD Omega Ratio Rank: 47
LYLD Calmar Ratio Rank: 52
LYLD Martin Ratio Rank: 50

DLN

DLN Risk / Return Rank: 78
DLN Sharpe Ratio Rank: 79
DLN Sortino Ratio Rank: 81
DLN Omega Ratio Rank: 77
DLN Calmar Ratio Rank: 73
DLN Martin Ratio Rank: 79

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. DLN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cambria Large Cap Shareholder Yield ETF (LYLD) and WisdomTree U.S. LargeCap Dividend Fund (DLN). 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	DLN	Difference
Sharpe ratio: Return per unit of total volatility	1.57	2.39	-0.82
Sortino ratio: Return per unit of downside risk	2.31	3.40	-1.09
Omega ratio: Gain probability vs. loss probability	1.28	1.43	-0.15
Calmar ratio: Return relative to maximum drawdown	2.36	3.53	-1.17
Martin ratio: Return relative to average drawdown	7.78	14.80	-7.02

LYLD vs. DLN - Sharpe Ratio Comparison

The current LYLD Sharpe Ratio is 1.57, which is lower than the DLN Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of LYLD and DLN, 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. DLN - Drawdown Comparison

The maximum LYLD drawdown since its inception was -18.64%, smaller than the maximum DLN drawdown of -57.84%. Use the drawdown chart below to compare losses from any high point for LYLD and DLN.

Drawdown Indicators

	LYLD	DLN	Difference
Max Drawdown Largest peak-to-trough decline	-18.64%	-57.84%	+39.20%
Max Drawdown (1Y) Largest decline over 1 year	-7.70%	-6.10%	-1.60%
Max Drawdown (3Y) Largest decline over 3 years	—	-13.71%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-16.26%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.82%	—
Current Drawdown Current decline from peak	-2.36%	-1.12%	-1.24%
Average Drawdown Average peak-to-trough decline	-3.61%	-7.50%	+3.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.33%	1.45%	+0.88%

Volatility

LYLD vs. DLN - Volatility Comparison

Cambria Large Cap Shareholder Yield ETF (LYLD) and WisdomTree U.S. LargeCap Dividend Fund (DLN) have volatilities of 2.88% and 2.78%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LYLD	DLN	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.88%	2.78%	+0.10%
Volatility (6M) Calculated over the trailing 6-month period	7.84%	7.00%	+0.84%
Volatility (1Y) Calculated over the trailing 1-year period	11.56%	9.03%	+2.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.51%	13.27%	+2.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.51%	16.14%	-0.63%

LYLD vs. DLN - Expense Ratio Comparison

LYLD has a 0.59% expense ratio, which is higher than DLN's 0.28% expense ratio.

Dividends

LYLD vs. DLN - Dividend Comparison

LYLD's dividend yield for the trailing twelve months is around 2.15%, more than DLN's 1.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DLN WisdomTree U.S. LargeCap Dividend Fund	1.79%	1.90%	2.00%	2.43%	2.53%	2.01%	2.66%	2.51%	2.90%	2.33%	2.64%	2.80%
LYLD Cambria Large Cap Shareholder Yield ETF	2.15%	2.79%	0.72%	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 LYLD and DLN in my portfolio?

LYLD and DLN have a correlation of 0.78, 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 DLN?

LYLD has higher volatility (2.88%) compared to DLN (2.78%). In terms of maximum drawdown, LYLD dropped -18.64% vs DLN's -57.84%.

Which ETF is better, LYLD or DLN?

On 1-year performance, DLN leads with 21.42% vs 18.09% for LYLD. On fees, DLN is cheaper at 0.28% per year. On volatility, DLN has been the lower-risk option at 2.78%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LYLD or DLN?

Over the 1-year period, DLN has performed better with a 21.42% return vs 18.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LYLD or DLN?

DLN is cheaper with a 0.28% expense ratio, compared with 0.59% for LYLD.

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

LYLD has the higher dividend yield at 2.15%, compared with 1.79% for DLN.

What is the main difference between LYLD and DLN?

They also come from different issuers: Cambria and WisdomTree. Their fees differ too: 0.59% for LYLD and 0.28% for DLN.

Which has better risk-adjusted returns?

DLN currently has the higher Sharpe Ratio (2.39 vs 1.57), 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.