EYLD vs SPY
Cambria Emerging Shareholder Yield ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. EYLD delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | EYLD | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.65% | 0.09% | |
| AUM | $825M | $789.1B | |
| Dividend Yield | 5.11% | 1.01% | |
| Holdings | 118 | 505 | |
| YTD Return | +22.54% | +14.47% | |
| 1Y Return | +31.39% | +21.96% | |
| 3Y Return (annualized) | +24.03% | +21.70% | |
| 5Y Return (annualized) | +10.58% | +13.30% | |
| Volatility (annualized) | 17.0% | 15.3% | |
| Max Drawdown | -41.8% | -56.5% | |
| Fund Family | Cambria Investment Management | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jul 13, 2016 | Jan 22, 1993 |
EYLD vs SPY Performance
Cambria Emerging Shareholder Yield ETF (EYLD) is a ETF from Cambria Investment Management and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year EYLD returned +31.39% while SPY returned +21.96%. Year to date, EYLD is up 22.54% versus a gain of 14.47% for SPY.
Over three years, EYLD compounded at +24.03% per year against +21.70% for SPY; over five years the annualized figures are +10.58% and +13.30% respectively. Across the full 10-year window we track, EYLD has the edge at +11.77% annualized vs +8.87%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EYLD has been the more volatile fund, with annualized monthly volatility of 17.0% compared with 15.3% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -41.8% for EYLD and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.69. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EYLD charges 0.65% per year while SPY charges 0.09%. On a $10,000 position that is $65 vs $9 annually, a gap of $56 per year that compounds over a long holding period. On income, EYLD currently yields 5.11% against 1.01% for SPY.
Holdings Overlap
EYLD and SPY share 0 holdings out of 618 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, EYLD or SPY?
EYLD has an expense ratio of 0.65% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $56 per year of difference.
Which performed better, EYLD or SPY?
Over the past year EYLD returned +31.39% vs +21.96% for SPY, so EYLD leads on 1-year performance. Over the longest common window we track (10 years), EYLD annualized +11.77% vs +8.87% for SPY. Past performance does not guarantee future results.
Which is riskier, EYLD or SPY?
EYLD has been the more volatile fund at 17.0% annualized versus 15.3% for SPY. Worst drawdown: EYLD -41.8% vs SPY -56.5%.
Should I hold both EYLD and SPY?
EYLD and SPY have a monthly-return correlation of 0.69, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EYLD and SPY?
EYLD and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 618 unique securities.
Which pays a higher dividend, EYLD or SPY?
EYLD yields 5.11% while SPY yields 1.01%, so EYLD currently pays the higher dividend yield.
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