TYLD vs. FOXY

Last updated Jun 4, 2026

TYLD (Cambria Tactical Yield ETF) and FOXY (Simplify Currency Strategy ETF) are both exchange-traded funds - TYLD is a fund fund actively managed by Cambria, while FOXY is a Leveraged Currency fund actively managed by Simplify. Both are actively managed. Over the past year, TYLD returned 4.06% vs 20.91% for FOXY. At a correlation of -0.06, they often move in opposite directions. TYLD charges 0.59%/yr vs 0.81%/yr for FOXY.

Performance

TYLD vs. FOXY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cambria Tactical Yield ETF (TYLD) and Simplify Currency Strategy ETF (FOXY). 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 FOXY's 11.55% return.

TYLD

• 1D: 0.00%
• 1M: 0.40%
• YTD: 1.50%
• 6M: 1.92%
• 1Y: 4.06%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FOXY

• 1D: 0.27%
• 1M: 1.51%
• YTD: 11.55%
• 6M: 7.50%
• 1Y: 20.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TYLD vs. FOXY - Yearly Performance Comparison

	2026 (YTD)	2025
TYLD Cambria Tactical Yield ETF	1.50%	3.69%
FOXY Simplify Currency Strategy ETF	11.55%	14.75%

Correlation

The correlation between TYLD and FOXY is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.11
Correlation (All Time) Calculated using the full available price history since Feb 5, 2025	-0.06

Return for Risk

TYLD vs. FOXY — 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

FOXY

FOXY Risk / Return Rank: 70
FOXY Sharpe Ratio Rank: 63
FOXY Sortino Ratio Rank: 68
FOXY Omega Ratio Rank: 62
FOXY Calmar Ratio Rank: 86
FOXY Martin Ratio Rank: 72

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. FOXY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cambria Tactical Yield ETF (TYLD) and Simplify Currency Strategy ETF (FOXY). 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	FOXY	Difference
Sharpe ratio: Return per unit of total volatility	5.42	2.13	+3.30
Sortino ratio: Return per unit of downside risk	10.93	3.15	+7.78
Omega ratio: Gain probability vs. loss probability	2.55	1.38	+1.17
Calmar ratio: Return relative to maximum drawdown	34.31	4.86	+29.45
Martin ratio: Return relative to average drawdown	125.35	13.60	+111.75
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. FOXY - Sharpe Ratio Comparison

The current TYLD Sharpe Ratio is 5.42, which is higher than the FOXY Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of TYLD and FOXY, 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	FOXY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	5.42	2.13	+3.30
Sharpe Ratio (All Time) Calculated using the full available price history	2.53	1.37	+1.17

Drawdowns

TYLD vs. FOXY - Drawdown Comparison

The maximum TYLD drawdown since its inception was -1.06%, smaller than the maximum FOXY drawdown of -13.09%. Use the drawdown chart below to compare losses from any high point for TYLD and FOXY.

Drawdown Indicators

	TYLD	FOXY	Difference
Max Drawdown Largest peak-to-trough decline	-1.06%	-13.09%	+12.03%
Max Drawdown (1Y) Largest decline over 1 year	-0.12%	-4.32%	+4.20%
Current Drawdown Current decline from peak	0.00%	-1.32%	+1.32%
Average Drawdown Average peak-to-trough decline	-0.11%	-2.11%	+2.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.03%	1.54%	-1.51%

Volatility

TYLD vs. FOXY - Volatility Comparison

The current volatility for Cambria Tactical Yield ETF (TYLD) is 0.26%, while Simplify Currency Strategy ETF (FOXY) has a volatility of 2.17%. This indicates that TYLD experiences smaller price fluctuations and is considered to be less risky than FOXY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TYLD	FOXY	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.26%	2.17%	-1.91%
Volatility (6M) Calculated over the trailing 6-month period	0.55%	7.42%	-6.87%
Volatility (1Y) Calculated over the trailing 1-year period	0.75%	9.99%	-9.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.77%	15.07%	-13.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.77%	15.07%	-13.30%

TYLD vs. FOXY - Expense Ratio Comparison

TYLD has a 0.59% expense ratio, which is lower than FOXY's 0.81% expense ratio.

Dividends

TYLD vs. FOXY - Dividend Comparison

TYLD's dividend yield for the trailing twelve months is around 4.69%, less than FOXY's 8.14% yield.

Position	TTM	2025	2024
FOXY Simplify Currency Strategy ETF	8.14%	5.51%	0.00%
TYLD Cambria Tactical Yield ETF	4.69%	4.38%	4.24%

Frequently Asked Questions

Can I hold both TYLD and FOXY in my portfolio?

TYLD and FOXY have a correlation of -0.11, 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 FOXY?

FOXY has higher volatility (2.17%) compared to TYLD (0.26%). In terms of maximum drawdown, TYLD dropped -1.06% vs FOXY's -13.09%.

Which ETF is better, TYLD or FOXY?

On 1-year performance, FOXY leads with 20.91% vs 4.06% for TYLD. On fees, TYLD is cheaper at 0.59% per year. On volatility, TYLD has been the lower-risk option at 0.26%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TYLD or FOXY?

Over the 1-year period, FOXY has performed better with a 20.91% return vs 4.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TYLD or FOXY?

TYLD is cheaper with a 0.59% expense ratio, compared with 0.81% for FOXY.

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

FOXY has the higher dividend yield at 8.14%, compared with 4.69% for TYLD.

What is the main difference between TYLD and FOXY?

They also come from different issuers: Cambria and Simplify. Their fees differ too: 0.59% for TYLD and 0.81% for FOXY.

Which has better risk-adjusted returns?

TYLD currently has the higher Sharpe Ratio (5.42 vs 2.12), 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.