SYLD: Losing Steam For 12 Months, But Strong Value Characteristics

(8min)

Summary

  • Cambria Shareholder Yield ETF holds 100 stocks with high shareholder yield, a factor combining dividends, buybacks and debt reduction.
  • SYLD is focused on small and mid-caps, with significant exposure in consumer discretionary and financials.
  • SYLD has strong value characteristics and has outperformed a mid-cap benchmark since inception, even though it has lagged for 12 months.
  • While SHRY offers better risk-adjusted returns, SYLD’s larger size and liquidity make it a practical option for investors seeking exposure to either small/mid-cap value or shareholder yield factor.
  • Quantitative Risk & Value members get exclusive access to our real-world portfolio. See all our investments here »

Business and finance concept. Top view of calculator,pen and magnifying glass on white background written with VALUE.

Mohamad Faizal Bin Ramli

This article updates my review of SYLD published in May 2024 in light of current holdings and recent performance.

SYLD Strategy

Cambria Shareholder Yield ETF (SYLD) is an actively managed ETF launched on

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This article was written by

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Fred Piard, PhD. is a quantitative analyst and IT professional with over 30 years of experience working in technology. He is the author of three books and has been investing in data-driven systematic strategies since 2010.

Fred runs the investing group Quantitative Risk & Value where he shares a portfolio invested in quality dividend stocks, and companies at the forefront of tech innovation. Fred also supplies market risk indicators, a real estate strategy, a bond strategy, and an income strategy in closed-end funds. Learn more.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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