LYLD vs. TVAL

Last updated Jul 14, 2026

LYLD (Cambria Large Cap Shareholder Yield ETF) and TVAL (T. Rowe Price Value ETF) are both Large Cap Value Equities funds. Both are actively managed. Over the past year, LYLD returned 18.88% vs 29.48% for TVAL. Their correlation of 0.82 suggests significant overlap in exposure. LYLD charges 0.59%/yr vs 0.33%/yr for TVAL.

Performance

LYLD vs. TVAL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cambria Large Cap Shareholder Yield ETF (LYLD) and T. Rowe Price Value ETF (TVAL). 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 TVAL's 19.73% return.

LYLD

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

TVAL

• 1D: 0.05%
• 1M: 2.01%
• 6M: 15.82%
• YTD: 19.73%
• 1Y: 29.48%
• 3Y*: 19.15%
• 5Y*: —
• 10Y*: —

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

LYLD vs. TVAL - Yearly Performance Comparison

	2026 (YTD)	2025	2024
LYLD Cambria Large Cap Shareholder Yield ETF	12.37%	12.90%	1.20%
TVAL T. Rowe Price Value ETF	19.73%	15.59%	2.25%

Correlation

The correlation between LYLD and TVAL is 0.74, 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	0.74
Correlation (All Time) Calculated using the full available price history since Jul 12, 2024	0.82

The correlation between LYLD and TVAL has been stable across timeframes, ranging from 0.74 to 0.82 - a consistent structural relationship.

Return for Risk

LYLD vs. TVAL — 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

TVAL

TVAL Risk / Return Rank: 92
TVAL Sharpe Ratio Rank: 94
TVAL Sortino Ratio Rank: 93
TVAL Omega Ratio Rank: 92
TVAL Calmar Ratio Rank: 89
TVAL Martin Ratio Rank: 92

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. TVAL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cambria Large Cap Shareholder Yield ETF (LYLD) and T. Rowe Price Value ETF (TVAL). 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	TVAL	Difference
Sharpe ratio: Return per unit of total volatility	1.64	2.71	-1.06
Sortino ratio: Return per unit of downside risk	2.41	3.77	-1.36
Omega ratio: Gain probability vs. loss probability	1.29	1.49	-0.20
Calmar ratio: Return relative to maximum drawdown	2.46	4.14	-1.68
Martin ratio: Return relative to average drawdown	8.06	17.36	-9.30

LYLD vs. TVAL - Sharpe Ratio Comparison

The current LYLD Sharpe Ratio is 1.64, which is lower than the TVAL Sharpe Ratio of 2.71. The chart below compares the historical Sharpe Ratios of LYLD and TVAL, 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. TVAL - Drawdown Comparison

The maximum LYLD drawdown since its inception was -18.64%, which is greater than TVAL's maximum drawdown of -14.84%. Use the drawdown chart below to compare losses from any high point for LYLD and TVAL.

Drawdown Indicators

	LYLD	TVAL	Difference
Max Drawdown Largest peak-to-trough decline	-18.64%	-14.84%	-3.80%
Max Drawdown (1Y) Largest decline over 1 year	-7.70%	-7.15%	-0.55%
Max Drawdown (3Y) Largest decline over 3 years	—	-14.84%	—
Current Drawdown Current decline from peak	0.00%	-0.24%	+0.24%
Average Drawdown Average peak-to-trough decline	-3.54%	-2.00%	-1.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.35%	1.70%	+0.65%

Volatility

LYLD vs. TVAL - Volatility Comparison

Cambria Large Cap Shareholder Yield ETF (LYLD) has a higher volatility of 3.60% compared to T. Rowe Price Value ETF (TVAL) at 2.96%. This indicates that LYLD's price experiences larger fluctuations and is considered to be riskier than TVAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LYLD	TVAL	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.60%	2.96%	+0.64%
Volatility (6M) Calculated over the trailing 6-month period	7.80%	8.39%	-0.59%
Volatility (1Y) Calculated over the trailing 1-year period	11.56%	10.96%	+0.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.41%	12.54%	+2.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.41%	12.54%	+2.87%

LYLD vs. TVAL - Expense Ratio Comparison

LYLD has a 0.59% expense ratio, which is higher than TVAL's 0.33% expense ratio.

Dividends

LYLD vs. TVAL - Dividend Comparison

LYLD's dividend yield for the trailing twelve months is around 2.08%, more than TVAL's 0.96% yield.

Position	TTM	2025	2024	2023
LYLD Cambria Large Cap Shareholder Yield ETF	2.08%	2.79%	0.72%	0.00%
TVAL T. Rowe Price Value ETF	0.96%	1.15%	1.16%	0.64%

Frequently Asked Questions

Can I hold both LYLD and TVAL in my portfolio?

LYLD and TVAL have a correlation of 0.74, 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 TVAL?

LYLD has higher volatility (3.60%) compared to TVAL (2.96%). In terms of maximum drawdown, LYLD dropped -18.64% vs TVAL's -14.84%.

Which ETF is better, LYLD or TVAL?

On 1-year performance, TVAL leads with 29.48% vs 18.88% for LYLD. On fees, TVAL is cheaper at 0.33% per year. On volatility, TVAL has been the lower-risk option at 2.96%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LYLD or TVAL?

Over the 1-year period, TVAL has performed better with a 29.48% 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 TVAL?

TVAL is cheaper with a 0.33% expense ratio, compared with 0.59% for LYLD.

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

LYLD has the higher dividend yield at 2.08%, compared with 0.96% for TVAL.

What is the main difference between LYLD and TVAL?

They also come from different issuers: Cambria and T. Rowe Price. Their fees differ too: 0.59% for LYLD and 0.33% for TVAL.

Which has better risk-adjusted returns?

TVAL currently has the higher Sharpe Ratio (2.71 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.