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Cambria Tax Aware ETF (TAX) Sharpe Ratio: 1.01

ETF · Currency in USD · Last updated Jul 18, 2026

Cambria Tax Aware ETF seeks long-term capital appreciation by using a proprietary quantitative methodology to select US companies with strong value metrics and low to no dividend yield to optimize after-tax returns and reduce tax liability from dividend distributions.

TAX's Sharpe Ratio of 1.01 indicates that for each unit of volatility, it generates 1.01 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jul 18, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

TAX Sharpe Ratio Rank

TAX Sharpe Ratio Rank: 35.836
Below Average

TAX ranks above 35.8% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns may not adequately compensate for volatility taken
  • Consider smaller allocation given below-average risk-adjusted profile
  • Explore higher-ranked investments with better consistency
  • Assess whether the volatility profile aligns with your portfolio goals

TAX Sharpe Ratio Market Positioning

The chart shows TAX's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.68 or lower
  • Yellow zone (middle 50%): 0.68 to 1.79
  • Green zone (top 25%): 1.79 or higher
  • Top 1%: 6.40+
  • Median: 1.32 — half of all investments score higher

How it compares to other similar ETFs

The table compares Cambria Tax Aware ETF's Sharpe Ratio with other ETFs in the Large Cap Value Equities category across multiple time periods, showing how TAX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jul 18, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
VLUEiShares MSCI USA Value Factor ETF3.51
PWVInvesco Dynamic Large Cap Value ETF3.12
IWXiShares Russell Top 200 Value ETF2.85
FNDXSchwab Fundamental U.S. Large Company Index ETF2.84
SEIVSEI Enhanced US Large Cap Value Factor ETF2.84
FELVFidelity Enhanced Large Cap Value ETF2.83
DEWWisdomTree Global High Dividend Fund2.82
AVLVAvantis U.S. Large Cap Value ETF2.80
PRFInvesco RAFI US 1000 ETF2.72
TVALT. Rowe Price Value ETF2.72
TAXCambria Tax Aware ETF1.01

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows TAX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when TAX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does TAX fit in your portfolio?

Add your other holdings to see your portfolio's Sharpe Ratio and find out.

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