TRTY vs. TYLD

Last updated Jun 24, 2026

TRTY (Cambria Trinity ETF) and TYLD (Cambria Tactical Yield ETF) are both exchange-traded funds - TRTY is a Tactical Allocation fund tracking the Cambria Trinity Index, while TYLD is a fund fund actively managed by Cambria. TRTY is passively managed, while TYLD is actively managed. Over the past year, TRTY returned 19.33% vs 3.96% for TYLD. At a correlation of -0.03, they often move in opposite directions. TRTY charges 0.44%/yr vs 0.59%/yr for TYLD.

Performance

TRTY vs. TYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cambria Trinity ETF (TRTY) and Cambria Tactical Yield ETF (TYLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TRTY achieves a 6.97% return, which is significantly higher than TYLD's 1.68% return.

TRTY

• 1D: -1.75%
• 1M: -2.37%
• YTD: 6.97%
• 6M: 6.31%
• 1Y: 19.33%
• 3Y*: 10.40%
• 5Y*: 5.67%
• 10Y*: —

TYLD

• 1D: 0.00%
• 1M: 0.28%
• YTD: 1.68%
• 6M: 1.78%
• 1Y: 3.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TRTY vs. TYLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
TRTY Cambria Trinity ETF	6.97%	16.35%	4.66%
TYLD Cambria Tactical Yield ETF	1.68%	4.05%	5.09%

Correlation

The correlation between TRTY and TYLD is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.01
Correlation (All Time) Calculated using the full available price history since Jan 4, 2024	-0.03

Return for Risk

TRTY vs. TYLD — Risk / Return Rank

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

TRTY

TRTY Risk / Return Rank: 67
TRTY Sharpe Ratio Rank: 62
TRTY Sortino Ratio Rank: 54
TRTY Omega Ratio Rank: 68
TRTY Calmar Ratio Rank: 74
TRTY Martin Ratio Rank: 77

TYLD

TYLD Risk / Return Rank: 99
TYLD Sharpe Ratio Rank: 98
TYLD Sortino Ratio Rank: 99
TYLD Omega Ratio Rank: 99
TYLD Calmar Ratio Rank: 99
TYLD Martin Ratio Rank: 99

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.

TRTY vs. TYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cambria Trinity ETF (TRTY) and Cambria Tactical Yield ETF (TYLD). 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.

	TRTY	TYLD	Difference
Sharpe ratio: Return per unit of total volatility	1.93	5.41	-3.48
Sortino ratio: Return per unit of downside risk	2.45	11.03	-8.57
Omega ratio: Gain probability vs. loss probability	1.38	2.59	-1.21
Calmar ratio: Return relative to maximum drawdown	3.54	33.51	-29.97
Martin ratio: Return relative to average drawdown	13.89	124.34	-110.45

TRTY vs. TYLD - Sharpe Ratio Comparison

The current TRTY Sharpe Ratio is 1.93, which is lower than the TYLD Sharpe Ratio of 5.41. The chart below compares the historical Sharpe Ratios of TRTY and TYLD, 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

TRTY vs. TYLD - Drawdown Comparison

The maximum TRTY drawdown since its inception was -22.35%, which is greater than TYLD's maximum drawdown of -1.06%. Use the drawdown chart below to compare losses from any high point for TRTY and TYLD.

Drawdown Indicators

	TRTY	TYLD	Difference
Max Drawdown Largest peak-to-trough decline	-22.35%	-1.06%	-21.29%
Max Drawdown (1Y) Largest decline over 1 year	-5.49%	-0.12%	-5.37%
Max Drawdown (3Y) Largest decline over 3 years	-9.25%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-13.72%	—	—
Current Drawdown Current decline from peak	-3.45%	0.00%	-3.45%
Average Drawdown Average peak-to-trough decline	-4.15%	-0.10%	-4.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.39%	0.03%	+1.36%

Volatility

TRTY vs. TYLD - Volatility Comparison

Cambria Trinity ETF (TRTY) has a higher volatility of 3.43% compared to Cambria Tactical Yield ETF (TYLD) at 0.15%. This indicates that TRTY's price experiences larger fluctuations and is considered to be riskier than TYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TRTY	TYLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.43%	0.15%	+3.28%
Volatility (6M) Calculated over the trailing 6-month period	8.79%	0.54%	+8.25%
Volatility (1Y) Calculated over the trailing 1-year period	10.05%	0.74%	+9.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.61%	1.75%	+8.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.43%	1.75%	+8.68%

TRTY vs. TYLD - Expense Ratio Comparison

TRTY has a 0.44% expense ratio, which is lower than TYLD's 0.59% expense ratio.

Dividends

TRTY vs. TYLD - Dividend Comparison

TRTY's dividend yield for the trailing twelve months is around 3.10%, less than TYLD's 3.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
TRTY Cambria Trinity ETF	3.10%	2.86%	3.55%	3.24%	5.17%	4.52%	1.99%	2.64%	1.07%
TYLD Cambria Tactical Yield ETF	3.74%	4.38%	4.24%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TRTY and TYLD in my portfolio?

TRTY and TYLD have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TRTY or TYLD?

TRTY has higher volatility (3.43%) compared to TYLD (0.15%). In terms of maximum drawdown, TRTY dropped -22.35% vs TYLD's -1.06%.

Which ETF is better, TRTY or TYLD?

On 1-year performance, TRTY leads with 19.33% vs 3.96% for TYLD. On fees, TRTY is cheaper at 0.44% per year. On volatility, TYLD has been the lower-risk option at 0.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TRTY or TYLD?

Over the 1-year period, TRTY has performed better with a 19.33% return vs 3.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TRTY or TYLD?

TRTY is cheaper with a 0.44% expense ratio, compared with 0.59% for TYLD.

Which ETF pays a higher dividend yield, TRTY or TYLD?

TYLD has the higher dividend yield at 3.74%, compared with 3.10% for TRTY.

What is the main difference between TRTY and TYLD?

Their fees differ too: 0.44% for TRTY and 0.59% for TYLD.

Which has better risk-adjusted returns?

TYLD currently has the higher Sharpe Ratio (5.41 vs 1.93), 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.