DIEM vs EYLD

DIEMBFranklin Emerging Market Core Dividend Tilt Index ETF

EYLDCCambria Emerging Shareholder Yield ETF

In short

DIEM Most emerging-market dividend funds hunt the fattest yields. DIEM starts from a broad EM benchmark and leans toward payers instead, keeping the market's shape intact, for a fraction of what its dividend-focused rivals charge.

EYLD Most emerging-market dividend funds count the dividend. EYLD counts the whole payout: dividends, net buybacks and debt paydown, then screens the survivors on value. Live since 2016, 0.63% a year, no waiver involved.

Stated mandate

DIEM The Fund seeks to track, before fees and expenses, the Morningstar Emerging Markets Dividend Enhanced Select Index.

EYLD The fund focuses on emerging-market companies that return cash to shareholders through dividends, share buybacks, and net debt reduction.

Why people hold it

• DIEM At 0.19% a year it's the cheapest fund in its emerging-market dividend cohort, roughly a third of the group's median fee.
• Tilt, not lurch: the index takes a broad emerging-market parent benchmark and optimizes for higher dividend yield while limiting expected tracking error back to it.yahoo.comfranklintempleton.com
• Roughly 200 holdings spread across emerging markets, with income paid quarterly.

• EYLD Shareholder yield, not just dividend yield. Cambria ranks emerging-market names on dividends plus net buybacks, then factors in debt paydown and value metrics like P/B, P/E and EV/EBITDA.sec.gov
• Top 100 names, weighted roughly equally per the prospectus, so no single mega-cap runs the portfolio the way it does in a cap-weighted EM index.sec.gov
• Running since July 2016 under Cambria's Meb Faber, the manager who built the firm's shareholder yield lineup. Cash goes out quarterly.cambriafunds.com

Worth knowing

• DIEM Thinly traded next to the category's household names, so spreads can run wider and larger orders need more care.
• It launched in 2016 under a different name and mandate; the dividend-tilt index arrived in 2022, so the earliest track record reflects a different strategy.cbonds.com
• The income lean is bounded by design. Staying close to the parent index means less yield punch than funds that screen only for the highest payers.yahoo.com

• EYLD 0.63% is near the category norm but the high end of this short list: DIEM charges 0.19%, EDIV and DVYE 0.49%, DGS 0.58%. Active screening is what the fee buys.
• Buybacks and debt paydown return cash without hitting your account, so the quarterly distribution reflects only the dividend slice of shareholder yield.
• Cambria builds this to look different from the MSCI Emerging Markets Index by sector and valuation. Divergence from the benchmark is the design, in both directions.cambriafunds.com

Full DIEM profile⁠

Full EYLD profile⁠