DVYE vs EYLD

DVYEAiShares Emerging Markets Dividend ETF

EYLDCCambria Emerging Shareholder Yield ETF

In short

DVYE Running since 2012, it ranks emerging-market stocks by indicated dividend yield and holds the top 100. That yield-first screen pulls the portfolio toward the value corners of EM rather than the mega-cap tech names, at 0.49% a year.

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

DVYE The Fund seeks to track an index of relatively high dividend-paying equities in emerging markets, providing exposure to dividend-focused emerging-market stocks.

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

• DVYE The index ranks EM stocks by indicated annual dividend yield and takes the top 100, with buffer rules that hold existing names in place instead of churning the roster each rebalance.ishares.comspglobal.com
• 0.49% with no waiver propping up the number, below the median fee in its category. Same sticker as EDIV at 0.49%.
• Listed since 2012 and now a billion-dollar-plus fund that tracks its index closely, one of the stronger implementations among EM dividend ETFs.
• Holds the stocks directly rather than using swaps, and sends income out to shareholders quarterly.ishares.com

• 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

• DVYE Sorting by yield steers the book toward payers like financials and energy. Screening, buffering and weighting constraints trim the extremes, they do not erase the tilt.ishares.comspglobal.com
• About 100 stocks means one country or sector can move results more than in a broad cap-weighted EM fund, and payouts move with what those companies declare.
• Cheaper shelf-mates exist: DIEM charges 0.19% for a core dividend-tilt build, a gentler screen than the yield-ranked approach here.

• 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 DVYE profile⁠

Full EYLD profile⁠