SYLD vs. IYW
SYLD (Cambria Shareholder Yield ETF) and IYW (iShares U.S. Technology ETF) are both exchange-traded funds - SYLD is a Mid Cap Value Equities fund actively managed by Cambria, while IYW is a Technology Equities fund tracking the Russell 1000 Technology RIC 22.5/45 Capped Index. SYLD is actively managed, while IYW is passively managed. Over the past 10 years, SYLD returned 13.58%/yr vs 25.63%/yr for IYW. A 0.56 correlation means they provide meaningful diversification when combined. SYLD charges 0.59%/yr vs 0.38%/yr for IYW.
Performance
SYLD vs. IYW - Performance Comparison
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Returns By Period
In the year-to-date period, SYLD achieves a 17.19% return, which is significantly lower than IYW's 22.66% return. Over the past 10 years, SYLD has underperformed IYW with an annualized return of 13.58%, while IYW has yielded a comparatively higher 25.63% annualized return.
SYLD
- 1D
- 0.98%
- 1M
- 4.18%
- YTD
- 17.19%
- 6M
- 13.91%
- 1Y
- 29.68%
- 3Y*
- 12.81%
- 5Y*
- 6.52%
- 10Y*
- 13.58%
IYW
- 1D
- 0.61%
- 1M
- 0.73%
- YTD
- 22.66%
- 6M
- 23.40%
- 1Y
- 50.17%
- 3Y*
- 32.06%
- 5Y*
- 21.19%
- 10Y*
- 25.63%
SYLD vs. IYW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SYLD Cambria Shareholder Yield ETF | 17.19% | 3.94% | 3.37% | 16.46% | -6.14% | 48.59% | 13.61% | 26.98% | -13.51% | 20.03% |
IYW iShares U.S. Technology ETF | 22.66% | 25.38% | 30.25% | 65.44% | -34.83% | 35.44% | 47.45% | 46.64% | -0.93% | 36.60% |
Correlation
The correlation between SYLD and IYW is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since May 14, 2013 | 0.56 |
Over the past year, the correlation between SYLD and IYW has dropped to 0.28 - well below their long-term average of 0.56, suggesting their price drivers have been diverging.
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Return for Risk
SYLD vs. IYW — Risk / Return Rank
SYLD
IYW
SYLD vs. IYW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cambria Shareholder Yield ETF (SYLD) and iShares U.S. Technology ETF (IYW). 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.
| SYLD | IYW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.38 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 4.07 | 2.70 | +1.37 |
| Martin ratioReturn relative to average drawdown | 11.04 | 8.68 | +2.36 |
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Drawdowns
SYLD vs. IYW - Drawdown Comparison
The maximum SYLD drawdown since its inception was -45.36%, smaller than the maximum IYW drawdown of -81.90%. Use the drawdown chart below to compare losses from any high point for SYLD and IYW.
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Drawdown Indicators
| SYLD | IYW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.36% | -81.90% | +36.54% |
Max Drawdown (1Y)Largest decline over 1 year | -6.93% | -17.81% | +10.88% |
Max Drawdown (3Y)Largest decline over 3 years | -26.62% | -26.47% | -0.15% |
Max Drawdown (5Y)Largest decline over 5 years | -26.62% | -39.44% | +12.82% |
Max Drawdown (10Y)Largest decline over 10 years | -45.36% | -39.44% | -5.92% |
Current DrawdownCurrent decline from peak | 0.00% | -5.81% | +5.81% |
Average DrawdownAverage peak-to-trough decline | -5.65% | -34.62% | +28.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.55% | 5.54% | -2.99% |
Volatility
SYLD vs. IYW - Volatility Comparison
The current volatility for Cambria Shareholder Yield ETF (SYLD) is 3.35%, while iShares U.S. Technology ETF (IYW) has a volatility of 9.41%. This indicates that SYLD experiences smaller price fluctuations and is considered to be less risky than IYW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SYLD | IYW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.35% | 9.41% | -6.06% |
Volatility (6M)Calculated over the trailing 6-month period | 9.75% | 17.67% | -7.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.59% | 21.47% | -5.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.61% | 26.07% | -5.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.95% | 25.20% | -2.25% |
SYLD vs. IYW - Expense Ratio Comparison
SYLD has a 0.59% expense ratio, which is higher than IYW's 0.38% expense ratio.
Dividends
SYLD vs. IYW - Dividend Comparison
SYLD's dividend yield for the trailing twelve months is around 1.81%, more than IYW's 0.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYW iShares U.S. Technology ETF | 0.11% | 0.14% | 0.21% | 0.34% | 0.50% | 0.31% | 0.56% | 0.72% | 0.92% | 0.82% | 1.14% | 1.12% |
SYLD Cambria Shareholder Yield ETF | 1.81% | 2.25% | 2.04% | 1.92% | 2.20% | 2.37% | 1.99% | 2.08% | 2.52% | 1.57% | 1.92% | 6.93% |
Frequently Asked Questions
SYLD and IYW have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IYW has higher volatility (9.41%) compared to SYLD (3.35%). In terms of maximum drawdown, SYLD dropped -45.36% vs IYW's -81.90%.
On 10-year performance, IYW leads with 25.63% vs 13.58% for SYLD. On fees, IYW is cheaper at 0.38% per year. On volatility, SYLD has been the lower-risk option at 3.35%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IYW has performed better with a 25.63% return vs 13.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IYW is cheaper with a 0.38% expense ratio, compared with 0.59% for SYLD.
SYLD has the higher dividend yield at 1.81%, compared with 0.11% for IYW.
SYLD is categorized as Mid Cap Value Equities, while IYW is Technology Equities. They also come from different issuers: Cambria and iShares. Their fees differ too: 0.59% for SYLD and 0.38% for IYW.
IYW currently has the higher Sharpe Ratio (2.24 vs 1.81), 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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