Correlation
The correlation between TYLD and SGOV is 0.07, 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. SGOV
Compare and contrast key facts about Cambria Tactical Yield ETF (TYLD) and iShares 0-3 Month Treasury Bond ETF (SGOV).
TYLD and SGOV 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. SGOV is a passively managed fund by iShares that tracks the performance of the ICE 0-3 Month US Treasury Bill Index. It was launched on May 26, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TYLD or SGOV.
Performance
TYLD vs. SGOV - Performance Comparison
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Key characteristics
TYLD:
2.23
SGOV:
21.65
TYLD:
3.60
SGOV:
480.39
TYLD:
1.56
SGOV:
481.39
TYLD:
5.93
SGOV:
491.92
TYLD:
23.61
SGOV:
7,808.94
TYLD:
0.20%
SGOV:
0.00%
TYLD:
2.02%
SGOV:
0.22%
TYLD:
-1.06%
SGOV:
-0.03%
TYLD:
0.00%
SGOV:
0.00%
Returns By Period
In the year-to-date period, TYLD achieves a 1.52% return, which is significantly lower than SGOV's 1.78% return.
TYLD
1.52%
0.29%
1.98%
4.46%
N/A
N/A
N/A
SGOV
1.78%
0.34%
2.16%
4.81%
4.55%
2.75%
N/A
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TYLD vs. SGOV - Expense Ratio Comparison
TYLD has a 0.59% expense ratio, which is higher than SGOV's 0.03% expense ratio.
Risk-Adjusted Performance
TYLD vs. SGOV — Risk-Adjusted Performance Rank
TYLD
SGOV
TYLD vs. SGOV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Cambria Tactical Yield ETF (TYLD) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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. SGOV - Dividend Comparison
TYLD's dividend yield for the trailing twelve months is around 4.18%, less than SGOV's 5.07% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
TYLD Cambria Tactical Yield ETF | 4.18% | 4.24% | 0.00% | 0.00% | 0.00% | 0.00% |
SGOV iShares 0-3 Month Treasury Bond ETF | 5.07% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% |
Drawdowns
TYLD vs. SGOV - Drawdown Comparison
The maximum TYLD drawdown since its inception was -1.06%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for TYLD and SGOV.
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Volatility
TYLD vs. SGOV - Volatility Comparison
Cambria Tactical Yield ETF (TYLD) has a higher volatility of 0.71% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.06%. This indicates that TYLD's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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