VAMO vs. TYLD

Last updated Jun 4, 2026

VAMO (Cambria Value and Momentum ETF) and TYLD (Cambria Tactical Yield ETF) are both exchange-traded funds - VAMO is a Momentum fund actively managed by Cambria, while TYLD is a fund fund actively managed by Cambria. Both are actively managed. Over the past year, VAMO returned 18.13% vs 4.06% for TYLD. At a correlation of -0.04, they often move in opposite directions. VAMO charges 0.65%/yr vs 0.59%/yr for TYLD.

Performance

VAMO vs. TYLD - Performance Comparison

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

Returns By Period

In the year-to-date period, VAMO achieves a 3.15% return, which is significantly higher than TYLD's 1.50% return.

VAMO

• 1D: 0.04%
• 1M: -1.08%
• YTD: 3.15%
• 6M: 4.57%
• 1Y: 18.13%
• 3Y*: 13.91%
• 5Y*: 8.12%
• 10Y*: 5.64%

TYLD

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

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

VAMO vs. TYLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
VAMO Cambria Value and Momentum ETF	3.15%	16.51%	7.26%
TYLD Cambria Tactical Yield ETF	1.50%	4.05%	5.15%

Correlation

The correlation between VAMO and TYLD 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 Jan 5, 2024	-0.04

Return for Risk

VAMO vs. TYLD — Risk / Return Rank

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

VAMO

VAMO Risk / Return Rank: 52
VAMO Sharpe Ratio Rank: 46
VAMO Sortino Ratio Rank: 49
VAMO Omega Ratio Rank: 44
VAMO Calmar Ratio Rank: 66
VAMO Martin Ratio Rank: 55

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

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.

VAMO vs. TYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cambria Value and Momentum ETF (VAMO) and Cambria Tactical Yield ETF (TYLD). 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.

	VAMO	TYLD	Difference
Sharpe ratio: Return per unit of total volatility	1.63	5.42	-3.79
Sortino ratio: Return per unit of downside risk	2.40	10.93	-8.53
Omega ratio: Gain probability vs. loss probability	1.28	2.55	-1.27
Calmar ratio: Return relative to maximum drawdown	3.28	34.31	-31.03
Martin ratio: Return relative to average drawdown	9.47	125.35	-115.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VAMO vs. TYLD - Sharpe Ratio Comparison

The current VAMO Sharpe Ratio is 1.63, which is lower than the TYLD Sharpe Ratio of 5.42. The chart below compares the historical Sharpe Ratios of VAMO and TYLD, 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

	VAMO	TYLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.63	5.42	-3.79
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.47	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.31	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.24	2.53	-2.29

Drawdowns

VAMO vs. TYLD - Drawdown Comparison

The maximum VAMO drawdown since its inception was -41.84%, which is greater than TYLD's maximum drawdown of -1.06%. Use the drawdown chart below to compare losses from any high point for VAMO and TYLD.

Drawdown Indicators

	VAMO	TYLD	Difference
Max Drawdown Largest peak-to-trough decline	-41.84%	-1.06%	-40.78%
Max Drawdown (1Y) Largest decline over 1 year	-5.55%	-0.12%	-5.43%
Max Drawdown (3Y) Largest decline over 3 years	-11.61%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-17.25%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-41.84%	—	—
Current Drawdown Current decline from peak	-2.76%	0.00%	-2.76%
Average Drawdown Average peak-to-trough decline	-9.98%	-0.11%	-9.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.92%	0.03%	+1.89%

Volatility

VAMO vs. TYLD - Volatility Comparison

Cambria Value and Momentum ETF (VAMO) has a higher volatility of 2.97% compared to Cambria Tactical Yield ETF (TYLD) at 0.26%. This indicates that VAMO's price experiences larger fluctuations and is considered to be riskier than TYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VAMO	TYLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.97%	0.26%	+2.71%
Volatility (6M) Calculated over the trailing 6-month period	7.66%	0.55%	+7.11%
Volatility (1Y) Calculated over the trailing 1-year period	11.19%	0.75%	+10.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.34%	1.77%	+15.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.09%	1.77%	+16.32%

VAMO vs. TYLD - Expense Ratio Comparison

VAMO has a 0.65% expense ratio, which is higher than TYLD's 0.59% expense ratio.

Dividends

VAMO vs. TYLD - Dividend Comparison

VAMO's dividend yield for the trailing twelve months is around 0.63%, less than TYLD's 4.69% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TYLD Cambria Tactical Yield ETF	4.69%	4.38%	4.24%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VAMO Cambria Value and Momentum ETF	0.63%	1.41%	0.84%	1.35%	1.10%	1.07%	1.03%	1.15%	1.03%	0.35%	0.56%	0.20%

Frequently Asked Questions

Can I hold both VAMO and TYLD in my portfolio?

VAMO and TYLD 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, VAMO or TYLD?

VAMO has higher volatility (2.97%) compared to TYLD (0.26%). In terms of maximum drawdown, VAMO dropped -41.84% vs TYLD's -1.06%.

Which ETF is better, VAMO or TYLD?

On 1-year performance, VAMO leads with 18.13% 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, VAMO or TYLD?

Over the 1-year period, VAMO has performed better with a 18.13% return vs 4.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VAMO or TYLD?

TYLD is cheaper with a 0.59% expense ratio, compared with 0.65% for VAMO.

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

TYLD has the higher dividend yield at 4.69%, compared with 0.63% for VAMO.

What is the main difference between VAMO and TYLD?

Their fees differ too: 0.65% for VAMO and 0.59% for TYLD.

Which has better risk-adjusted returns?

TYLD currently has the higher Sharpe Ratio (5.42 vs 1.63), 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.