TYLD vs. CLOI

Last updated Jun 3, 2026

TYLD (Cambria Tactical Yield ETF) and CLOI (VanEck CLO ETF) are both exchange-traded funds - TYLD is a fund fund actively managed by Cambria, while CLOI is a CLO fund actively managed by VanEck. Both are actively managed. Over the past year, TYLD returned 4.04% vs 5.50% for CLOI. At a 0.03 correlation, their price movements are largely independent. TYLD charges 0.59%/yr vs 0.40%/yr for CLOI.

Performance

TYLD vs. CLOI - Performance Comparison

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

Returns By Period

In the year-to-date period, TYLD achieves a 1.50% return, which is significantly lower than CLOI's 2.06% return.

TYLD

• 1D: 0.00%
• 1M: 0.54%
• YTD: 1.50%
• 6M: 1.86%
• 1Y: 4.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CLOI

• 1D: 0.04%
• 1M: 0.63%
• YTD: 2.06%
• 6M: 2.56%
• 1Y: 5.50%
• 3Y*: 7.11%
• 5Y*: —
• 10Y*: —

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

TYLD vs. CLOI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
TYLD Cambria Tactical Yield ETF	1.50%	4.05%	5.15%
CLOI VanEck CLO ETF	2.06%	5.84%	8.00%

Correlation

The correlation between TYLD and CLOI is 0.05, 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	0.05
Correlation (All Time) Calculated using the full available price history since Jan 5, 2024	0.03

Return for Risk

TYLD vs. CLOI — Risk / Return Rank

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

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

CLOI

CLOI Risk / Return Rank: 97
CLOI Sharpe Ratio Rank: 97
CLOI Sortino Ratio Rank: 98
CLOI Omega Ratio Rank: 98
CLOI Calmar Ratio Rank: 96
CLOI Martin Ratio Rank: 97

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.

TYLD vs. CLOI - Risk-Adjusted Trends Comparison

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

	TYLD	CLOI	Difference
Sharpe ratio Return per unit of total volatility	5.39	4.66	+0.73
Sortino ratio Return per unit of downside risk	10.86	7.33	+3.54
Omega ratio Gain probability vs. loss probability	2.53	2.13	+0.40
Calmar ratio Return relative to maximum drawdown	34.17	9.05	+25.13
Martin ratio Return relative to average drawdown	125.00	42.69	+82.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TYLD vs. CLOI - Sharpe Ratio Comparison

The current TYLD Sharpe Ratio is 5.39, which is comparable to the CLOI Sharpe Ratio of 4.66. The chart below compares the historical Sharpe Ratios of TYLD and CLOI, 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

	TYLD	CLOI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	5.39	4.66	+0.73
Sharpe Ratio (All Time) Calculated using the full available price history	2.53	2.77	-0.23

Drawdowns

TYLD vs. CLOI - Drawdown Comparison

The maximum TYLD drawdown since its inception was -1.06%, smaller than the maximum CLOI drawdown of -3.25%. Use the drawdown chart below to compare losses from any high point for TYLD and CLOI.

Drawdown Indicators

	TYLD	CLOI	Difference
Max Drawdown Largest peak-to-trough decline	-1.06%	-3.25%	+2.19%
Max Drawdown (1Y) Largest decline over 1 year	-0.12%	-0.62%	+0.50%
Max Drawdown (3Y) Largest decline over 3 years	—	-3.25%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.11%	-0.19%	+0.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.03%	0.13%	-0.10%

Volatility

TYLD vs. CLOI - Volatility Comparison

Cambria Tactical Yield ETF (TYLD) has a higher volatility of 0.28% compared to VanEck CLO ETF (CLOI) at 0.14%. This indicates that TYLD's price experiences larger fluctuations and is considered to be riskier than CLOI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TYLD	CLOI	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.28%	0.14%	+0.14%
Volatility (6M) Calculated over the trailing 6-month period	0.55%	0.67%	-0.12%
Volatility (1Y) Calculated over the trailing 1-year period	0.75%	1.19%	-0.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.77%	2.56%	-0.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.77%	2.56%	-0.79%

TYLD vs. CLOI - Expense Ratio Comparison

TYLD has a 0.59% expense ratio, which is higher than CLOI's 0.40% expense ratio.

Dividends

TYLD vs. CLOI - Dividend Comparison

TYLD's dividend yield for the trailing twelve months is around 4.69%, less than CLOI's 5.35% yield.

Position	TTM	2025	2024	2023	2022
CLOI VanEck CLO ETF	5.35%	5.61%	6.71%	5.61%	2.23%
TYLD Cambria Tactical Yield ETF	4.69%	4.38%	4.24%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TYLD and CLOI in my portfolio?

TYLD and CLOI have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TYLD or CLOI?

TYLD has higher volatility (0.28%) compared to CLOI (0.14%). In terms of maximum drawdown, TYLD dropped -1.06% vs CLOI's -3.25%.

Which ETF is better, TYLD or CLOI?

On 1-year performance, CLOI leads with 5.50% vs 4.04% for TYLD. On fees, CLOI is cheaper at 0.40% per year. On volatility, CLOI has been the lower-risk option at 0.14%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TYLD or CLOI?

Over the 1-year period, CLOI has performed better with a 5.50% return vs 4.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TYLD or CLOI?

CLOI is cheaper with a 0.40% expense ratio, compared with 0.59% for TYLD.

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

CLOI has the higher dividend yield at 5.35%, compared with 4.69% for TYLD.

What is the main difference between TYLD and CLOI?

They also come from different issuers: Cambria and VanEck. Their fees differ too: 0.59% for TYLD and 0.40% for CLOI.

Which has better risk-adjusted returns?

TYLD currently has the higher Sharpe Ratio (5.39 vs 4.66), 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.