LYLD vs. FNDX

Last updated Jun 4, 2026

LYLD (Cambria Large Cap Shareholder Yield ETF) and FNDX (Schwab Fundamental U.S. Large Company Index ETF) are both Large Cap Value Equities funds. LYLD is actively managed, while FNDX is passively managed. Over the past year, LYLD returned 20.39% vs 32.32% for FNDX. Their correlation of 0.88 suggests significant overlap in exposure. LYLD charges 0.59%/yr vs 0.25%/yr for FNDX.

Performance

LYLD vs. FNDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cambria Large Cap Shareholder Yield ETF (LYLD) and Schwab Fundamental U.S. Large Company Index ETF (FNDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LYLD achieves a 8.49% return, which is significantly lower than FNDX's 14.57% return.

LYLD

• 1D: -0.51%
• 1M: 0.90%
• YTD: 8.49%
• 6M: 9.53%
• 1Y: 20.39%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FNDX

• 1D: -0.13%
• 1M: 3.88%
• YTD: 14.57%
• 6M: 14.58%
• 1Y: 32.32%
• 3Y*: 20.90%
• 5Y*: 12.82%
• 10Y*: 14.26%

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

LYLD vs. FNDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
LYLD Cambria Large Cap Shareholder Yield ETF	8.49%	12.90%	1.19%
FNDX Schwab Fundamental U.S. Large Company Index ETF	14.57%	16.94%	4.40%

Correlation

The correlation between LYLD and FNDX is 0.85, 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	0.85
Correlation (All Time) Calculated using the full available price history since Jul 15, 2024	0.88

The correlation between LYLD and FNDX has been stable across timeframes, ranging from 0.85 to 0.88 - a consistent structural relationship.

Return for Risk

LYLD vs. FNDX — Risk / Return Rank

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

LYLD

LYLD Risk / Return Rank: 54
LYLD Sharpe Ratio Rank: 53
LYLD Sortino Ratio Rank: 56
LYLD Omega Ratio Rank: 51
LYLD Calmar Ratio Rank: 54
LYLD Martin Ratio Rank: 53

FNDX

FNDX Risk / Return Rank: 90
FNDX Sharpe Ratio Rank: 90
FNDX Sortino Ratio Rank: 91
FNDX Omega Ratio Rank: 90
FNDX Calmar Ratio Rank: 89
FNDX 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.

LYLD vs. FNDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cambria Large Cap Shareholder Yield ETF (LYLD) and Schwab Fundamental U.S. Large Company Index ETF (FNDX). 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.

	LYLD	FNDX	Difference
Sharpe ratio: Return per unit of total volatility	1.79	3.18	-1.39
Sortino ratio: Return per unit of downside risk	2.64	4.47	-1.82
Omega ratio: Gain probability vs. loss probability	1.31	1.59	-0.27
Calmar ratio: Return relative to maximum drawdown	2.66	5.35	-2.70
Martin ratio: Return relative to average drawdown	8.90	20.97	-12.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LYLD vs. FNDX - Sharpe Ratio Comparison

The current LYLD Sharpe Ratio is 1.79, which is lower than the FNDX Sharpe Ratio of 3.18. The chart below compares the historical Sharpe Ratios of LYLD and FNDX, 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

	LYLD	FNDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.79	3.18	-1.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.85	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.82	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.77	0.79	-0.02

Drawdowns

LYLD vs. FNDX - Drawdown Comparison

The maximum LYLD drawdown since its inception was -18.64%, smaller than the maximum FNDX drawdown of -37.72%. Use the drawdown chart below to compare losses from any high point for LYLD and FNDX.

Drawdown Indicators

	LYLD	FNDX	Difference
Max Drawdown Largest peak-to-trough decline	-18.64%	-37.72%	+19.08%
Max Drawdown (1Y) Largest decline over 1 year	-7.70%	-6.06%	-1.64%
Max Drawdown (3Y) Largest decline over 3 years	—	-16.30%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-19.06%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-37.72%	—
Current Drawdown Current decline from peak	-1.68%	-0.13%	-1.55%
Average Drawdown Average peak-to-trough decline	-3.67%	-3.55%	-0.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.30%	1.55%	+0.75%

Volatility

LYLD vs. FNDX - Volatility Comparison

Cambria Large Cap Shareholder Yield ETF (LYLD) and Schwab Fundamental U.S. Large Company Index ETF (FNDX) have volatilities of 2.19% and 2.25%, 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	FNDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.19%	2.25%	-0.06%
Volatility (6M) Calculated over the trailing 6-month period	7.72%	7.25%	+0.47%
Volatility (1Y) Calculated over the trailing 1-year period	11.45%	10.22%	+1.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.62%	15.18%	+0.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.62%	17.50%	-1.88%

LYLD vs. FNDX - Expense Ratio Comparison

LYLD has a 0.59% expense ratio, which is higher than FNDX's 0.25% expense ratio.

Dividends

LYLD vs. FNDX - Dividend Comparison

LYLD's dividend yield for the trailing twelve months is around 2.64%, more than FNDX's 1.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FNDX Schwab Fundamental U.S. Large Company Index ETF	1.45%	1.63%	1.76%	1.82%	2.07%	1.64%	2.29%	2.23%	2.40%	1.86%	2.01%	2.01%
LYLD Cambria Large Cap Shareholder Yield ETF	2.64%	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 FNDX in my portfolio?

LYLD and FNDX have a correlation of 0.85, 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 FNDX?

FNDX has higher volatility (2.25%) compared to LYLD (2.19%). In terms of maximum drawdown, LYLD dropped -18.64% vs FNDX's -37.72%.

Which ETF is better, LYLD or FNDX?

On 1-year performance, FNDX leads with 32.32% vs 20.39% for LYLD. On fees, FNDX is cheaper at 0.25% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LYLD or FNDX?

Over the 1-year period, FNDX has performed better with a 32.32% return vs 20.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LYLD or FNDX?

FNDX is cheaper with a 0.25% expense ratio, compared with 0.59% for LYLD.

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

LYLD has the higher dividend yield at 2.64%, compared with 1.45% for FNDX.

What is the main difference between LYLD and FNDX?

They also come from different issuers: Cambria and Charles Schwab. Their fees differ too: 0.59% for LYLD and 0.25% for FNDX.

Which has better risk-adjusted returns?

FNDX currently has the higher Sharpe Ratio (3.18 vs 1.79), 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.