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HYLS vs TYLD

First Trust Tactical High Yield ETF vs Cambria Tactical Yield ETF

HYLS

First Trust Tactical High Yield ETF

First Trust

Annual cost

0.69%

Fund size

$1.6B

TYLD

Cambria Tactical Yield ETF

Cambria Investment Management

Annual cost

0.59%

Fund size

$33M

Key differences

  • TYLD costs 0.10% less per year.
  • HYLS is significantly larger than TYLD — larger funds tend to be more liquid and less likely to close.
  • HYLS is classified as alternative, while TYLD is fixed income — different risk/return profiles.
  • HYLS follows a long short strategy; TYLD uses active selection.
  • HYLS has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

HYLSTYLD
Annual cost (TER)0.69%0.59%
Fund size (AUM)$1.6B$33M
Since20132024
Dividend yield6.65%4.71%
Asset classalternativefixed income
Regionnorth america
Strategylong shortactive selection
CAGR 1Y+5.9%+4.1%
CAGR 3Y+7.9%N/A
CAGR 5Y+3.0%N/A
Sharpe 3Y0.87N/A
Volatility 1Y3.56%0.75%
Max drawdown-22.99%-1.06%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

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