Correlation
The correlation between TYLD and BYLD is 0.06, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
TYLD vs. BYLD
Compare and contrast key facts about Cambria Tactical Yield ETF (TYLD) and iShares Yield Optimized Bond ETF (BYLD).
TYLD and BYLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TYLD is an actively managed fund by Cambria. It was launched on Jan 4, 2024. BYLD is a passively managed fund by iShares that tracks the performance of the Morningstar U.S. Bond Market Yield-Optimized Index. It was launched on Apr 22, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TYLD or BYLD.
Performance
TYLD vs. BYLD - Performance Comparison
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Key characteristics
TYLD:
2.23
BYLD:
1.28
TYLD:
3.60
BYLD:
2.10
TYLD:
1.56
BYLD:
1.28
TYLD:
5.93
BYLD:
1.77
TYLD:
23.61
BYLD:
7.36
TYLD:
0.20%
BYLD:
0.95%
TYLD:
2.02%
BYLD:
4.83%
TYLD:
-1.06%
BYLD:
-14.75%
TYLD:
0.00%
BYLD:
-0.15%
Returns By Period
In the year-to-date period, TYLD achieves a 1.52% return, which is significantly lower than BYLD's 2.45% return.
TYLD
1.52%
0.29%
1.98%
4.46%
N/A
N/A
N/A
BYLD
2.45%
0.68%
1.12%
6.14%
4.15%
1.02%
2.61%
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TYLD vs. BYLD - Expense Ratio Comparison
TYLD has a 0.59% expense ratio, which is higher than BYLD's 0.20% expense ratio.
Risk-Adjusted Performance
TYLD vs. BYLD — Risk-Adjusted Performance Rank
TYLD
BYLD
TYLD vs. BYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Cambria Tactical Yield ETF (TYLD) and iShares Yield Optimized Bond ETF (BYLD). 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.
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Dividends
TYLD vs. BYLD - Dividend Comparison
TYLD's dividend yield for the trailing twelve months is around 4.18%, less than BYLD's 5.49% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TYLD Cambria Tactical Yield ETF | 4.18% | 4.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BYLD iShares Yield Optimized Bond ETF | 5.49% | 5.31% | 4.45% | 3.39% | 2.18% | 3.41% | 3.67% | 4.22% | 3.22% | 3.14% | 3.37% | 2.12% |
Drawdowns
TYLD vs. BYLD - Drawdown Comparison
The maximum TYLD drawdown since its inception was -1.06%, smaller than the maximum BYLD drawdown of -14.75%. Use the drawdown chart below to compare losses from any high point for TYLD and BYLD.
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Volatility
TYLD vs. BYLD - Volatility Comparison
The current volatility for Cambria Tactical Yield ETF (TYLD) is 0.71%, while iShares Yield Optimized Bond ETF (BYLD) has a volatility of 1.30%. This indicates that TYLD experiences smaller price fluctuations and is considered to be less risky than BYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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