TYLD vs. CLOI
Compare and contrast key facts about Cambria Tactical Yield ETF (TYLD) and VanEck CLO ETF (CLOI).
TYLD and CLOI 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. CLOI is an actively managed fund by VanEck. It was launched on Jun 21, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TYLD or CLOI.
Correlation
The correlation between TYLD and CLOI is 0.13, 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.
Performance
TYLD vs. CLOI - Performance Comparison
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Key characteristics
TYLD:
2.50
CLOI:
1.61
TYLD:
3.85
CLOI:
2.02
TYLD:
1.60
CLOI:
1.73
TYLD:
6.03
CLOI:
2.04
TYLD:
24.50
CLOI:
16.48
TYLD:
0.20%
CLOI:
0.40%
TYLD:
1.95%
CLOI:
4.10%
TYLD:
-1.06%
CLOI:
-3.25%
TYLD:
-0.20%
CLOI:
-0.04%
Returns By Period
In the year-to-date period, TYLD achieves a 1.26% return, which is significantly lower than CLOI's 1.84% return.
TYLD
1.26%
0.32%
1.82%
4.84%
N/A
N/A
CLOI
1.84%
2.19%
2.78%
6.54%
N/A
N/A
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TYLD vs. CLOI - Expense Ratio Comparison
TYLD has a 0.59% expense ratio, which is higher than CLOI's 0.40% expense ratio.
Risk-Adjusted Performance
TYLD vs. CLOI — Risk-Adjusted Performance Rank
TYLD
CLOI
TYLD vs. CLOI - Risk-Adjusted Performance 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.
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Dividends
TYLD vs. CLOI - Dividend Comparison
TYLD's dividend yield for the trailing twelve months is around 4.19%, while CLOI has not paid dividends to shareholders.
| TTM | 2024 | |
|---|---|---|
TYLD Cambria Tactical Yield ETF | 4.19% | 4.24% |
CLOI VanEck CLO ETF | 0.00% | 0.00% |
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. For additional features, visit the drawdowns tool.
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Volatility
TYLD vs. CLOI - Volatility Comparison
The current volatility for Cambria Tactical Yield ETF (TYLD) is 0.66%, while VanEck CLO ETF (CLOI) has a volatility of 1.02%. This indicates that TYLD experiences smaller price fluctuations and is considered to be less risky than CLOI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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