TYLD vs. ELM
TYLD (Cambria Tactical Yield ETF) and ELM (Elm Market Navigator ETF) are both Tactical Allocation funds. Both are actively managed. Over the past year, TYLD returned 3.76% vs 16.21% for ELM. Their -0.00 correlation means they have often moved in opposite directions in the past. TYLD charges 0.59%/yr vs 0.24%/yr for ELM.
Performance
TYLD vs. ELM - Performance Comparison
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Returns By Period
In the year-to-date period, TYLD achieves a 1.96% return, which is significantly lower than ELM's 7.06% return.
TYLD
- 1D
- 0.06%
- 1M
- 0.26%
- 6M
- 1.62%
- YTD
- 1.96%
- 1Y
- 3.76%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.32%
ELM
- 1D
- 0.39%
- 1M
- 0.02%
- 6M
- 4.28%
- YTD
- 7.06%
- 1Y
- 16.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 13.11%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $351.63K | $455.82K | $575.19K | |
| $126.17K | $129.20K | $73.80K |
TYLD vs. ELM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TYLD Cambria Tactical Yield ETF | 1.96% | 3.69% |
ELM Elm Market Navigator ETF | 7.06% | 11.88% |
Correlation
The correlation between TYLD and ELM is -0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.01 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2025 | -0.00 |
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Return for Risk
TYLD vs. ELM — Risk / Return Rank
TYLD
ELM
TYLD vs. ELM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cambria Tactical Yield ETF (TYLD) and Elm Market Navigator ETF (ELM). 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.
| TYLD | ELM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.66 | ||
| Sortino ratioReturn per unit of downside risk | +7.80 | ||
| Omega ratioGain probability vs. loss probability | 2.58 | 1.30 | +1.28 |
| Calmar ratioReturn relative to maximum drawdown | 21.67 | 2.10 | +19.56 |
| Martin ratioReturn relative to average drawdown | 114.54 | 8.42 | +106.13 |
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Drawdowns
TYLD vs. ELM - Drawdown Comparison
The maximum TYLD drawdown since its inception was -1.06%, smaller than the maximum ELM drawdown of -9.02%. Use the drawdown chart below to compare losses from any high point for TYLD and ELM.
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Drawdown Indicators
| TYLD | ELM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.06% | -9.02% | +7.96% |
Max Drawdown (1Y)Largest decline over 1 year | -0.18% | -7.52% | +7.34% |
Current DrawdownCurrent decline from peak | 0.00% | -1.04% | +1.04% |
Average DrawdownAverage peak-to-trough decline | -0.10% | -1.32% | +1.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.03% | 1.88% | -1.85% |
Volatility
TYLD vs. ELM - Volatility Comparison
The current volatility for Cambria Tactical Yield ETF (TYLD) is 0.28%, while Elm Market Navigator ETF (ELM) has a volatility of 2.24%. This indicates that TYLD experiences smaller price fluctuations and is considered to be less risky than ELM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TYLD | ELM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.28% | 2.24% | -1.96% |
Volatility (6M)Calculated over the trailing 6-month period | 0.56% | 8.17% | -7.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.73% | 9.80% | -9.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.72% | 10.26% | -8.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.72% | 10.26% | -8.54% |
TYLD vs. ELM - Expense Ratio Comparison
TYLD has a 0.59% expense ratio, which is higher than ELM's 0.24% expense ratio.
Dividends
TYLD vs. ELM - Dividend Comparison
TYLD's dividend yield for the trailing twelve months is around 3.72%, more than ELM's 2.53% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
ELM Elm Market Navigator ETF | 2.53% | 2.71% | 0.00% |
TYLD Cambria Tactical Yield ETF | 3.72% | 4.38% | 4.24% |
Frequently Asked Questions
TYLD and ELM 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.
ELM has higher volatility (2.24%) compared to TYLD (0.28%). In terms of maximum drawdown, TYLD dropped -1.06% vs ELM's -9.02%.
On 1-year performance, ELM leads with 16.21% vs 3.76% for TYLD. On fees, ELM is cheaper at 0.24% per year. On volatility, TYLD has been the lower-risk option at 0.28%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, ELM has performed better with a 16.21% return vs 3.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ELM is cheaper with a 0.24% expense ratio, compared with 0.59% for TYLD.
TYLD has the higher dividend yield at 3.72%, compared with 2.53% for ELM.
They also come from different issuers: Cambria and Elm. Their fees differ too: 0.59% for TYLD and 0.24% for ELM.
TYLD currently has the higher Sharpe Ratio (5.28 vs 1.62), 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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