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CAMX vs. IWX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CAMX vs. IWX

Last updated Aug 2, 2026
Documentation

CAMX (Cambiar Aggressive Value ETF) and IWX (iShares Russell Top 200 Value ETF) are both Large Cap Value Equities funds. CAMX is actively managed, while IWX is passively managed. Over the past 3 years, CAMX returned 12.76%/yr vs 18.98%/yr for IWX. Their correlation of 0.84 means they have usually moved in the same direction. CAMX charges 0.59%/yr vs 0.20%/yr for IWX.

Performance

CAMX vs. IWX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cambiar Aggressive Value ETF (CAMX) and iShares Russell Top 200 Value ETF (IWX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, CAMX achieves a 12.14% return, which is significantly lower than IWX's 20.90% return.

CAMX

1D
0.21%
1M
0.43%
6M
6.77%
YTD
12.14%
1Y
19.56%
3Y*
12.76%
5Y*
—
10Y*
—
ALL TIME*
12.75%

IWX

1D
0.74%
1M
2.59%
6M
15.57%
YTD
20.90%
1Y
34.92%
3Y*
18.98%
5Y*
12.65%
10Y*
12.13%
ALL TIME*
11.70%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

CAMX

Cambiar Aggressive Value ETF
$33.08K$21.40K$13.85K

IWX

iShares Russell Top 200 Value ETF
$55.11M$49.72M$33.93M

CAMX vs. IWX - Yearly Performance Comparison

2026 (YTD)202520242023
CAMX
Cambiar Aggressive Value ETF		12.14%9.49%12.50%9.65%
IWX
iShares Russell Top 200 Value ETF		20.90%18.23%14.89%7.03%

Correlation

The correlation between CAMX and IWX is 0.81, meaning they have usually moved in the same direction, including during past declines.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.81

Correlation (3Y)
Balances recent behavior with more history.

0.84

Correlation (All Time)
Calculated using the full available price history since Feb 13, 2023

0.84

The correlation between CAMX and IWX has been stable across timeframes, ranging from 0.81 to 0.84 - a consistent structural relationship.

CAMX vs. IWX - Sectors Allocation Comparison

Sectors
CAMX
IWX

Industrials

27.4%
8.3%

Healthcare

21.5%
13.6%

Communication Services

14.2%
3.5%

Financial Services

8.6%
20.0%

Technology

8.4%
22.6%

Consumer Cyclical

6.4%
11.6%

Energy

5.4%
5.1%

Consumer Defensive

4.2%
8.2%

Basic Materials

3.9%
2.8%

Real Estate

-

1.8%

Utilities

-

2.6%

Industrials

CAMX
27.4%
IWX
8.3%

Healthcare

CAMX
21.5%
IWX
13.6%

Communication Services

CAMX
14.2%
IWX
3.5%

Financial Services

CAMX
8.6%
IWX
20.0%

Technology

CAMX
8.4%
IWX
22.6%

Consumer Cyclical

CAMX
6.4%
IWX
11.6%

Energy

CAMX
5.4%
IWX
5.1%

Consumer Defensive

CAMX
4.2%
IWX
8.2%

Basic Materials

CAMX
3.9%
IWX
2.8%

Real Estate

CAMX

-

IWX
1.8%

Utilities

CAMX

-

IWX
2.6%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Cambiar Aggressive Value ETF

iShares Russell Top 200 Value ETF

Often compared with CAMX:
CAMX vs. SPYCAMX vs. LVDSCAMX vs. MFVLCAMX vs. DEWCAMX vs. DIVZCAMX vs. HDVCAMX vs. ELCV
Often compared with IWX:
IWX vs. IWNIWX vs. IWYIWX vs. IWCIWX vs. IWFIWX vs. XLPIWX vs. QQQIWX vs. SPYV

Return for Risk

CAMX vs. IWX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
CAMX
CAMX Risk / Return Rank: 5050
Overall Rank
CAMX Sharpe Ratio Rank: 5353
Sharpe Ratio Rank
CAMX Sortino Ratio Rank: 5656
Sortino Ratio Rank
CAMX Omega Ratio Rank: 5151
Omega Ratio Rank
CAMX Calmar Ratio Rank: 4444
Calmar Ratio Rank
CAMX Martin Ratio Rank: 4646
Martin Ratio Rank
IWX
IWX Risk / Return Rank: 9595
Overall Rank
IWX Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
IWX Sortino Ratio Rank: 9696
Sortino Ratio Rank
IWX Omega Ratio Rank: 9595
Omega Ratio Rank
IWX Calmar Ratio Rank: 9595
Calmar Ratio Rank
IWX Martin Ratio Rank: 9696
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CAMX vs. IWX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cambiar Aggressive Value ETF (CAMX) and iShares Russell Top 200 Value ETF (IWX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

CAMXIWXDifference
Sharpe ratioReturn per unit of total volatility
1.31
3.10

-1.79

Sortino ratioReturn per unit of downside risk
1.96
4.28

-2.32

Omega ratioGain probability vs. loss probability

1.23

1.55

-0.32

Calmar ratioReturn relative to maximum drawdown

1.57

5.05

-3.48

Martin ratioReturn relative to average drawdown

5.27

22.22

-16.95

CAMX vs. IWX - Sharpe Ratio Comparison

The current CAMX Sharpe Ratio is 1.31, which is lower than the IWX Sharpe Ratio of 3.10. The chart below compares the historical Sharpe Ratios of CAMX and IWX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

CAMX vs. IWX - Drawdown Comparison

The maximum CAMX drawdown since its inception was -15.71%, smaller than the maximum IWX drawdown of -35.76%. Use the drawdown chart below to compare losses from any high point for CAMX and IWX.

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Drawdown Indicators

CAMXIWXDifference

Max Drawdown

Largest peak-to-trough decline

-15.71%

-35.76%

+20.05%

Max Drawdown (1Y)

Largest decline over 1 year

-11.79%

-6.59%

-5.20%

Max Drawdown (3Y)

Largest decline over 3 years

-15.71%

-13.37%

-2.34%

Max Drawdown (5Y)

Largest decline over 5 years

—

-18.13%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-35.76%

—

Current Drawdown

Current decline from peak

-0.89%

0.00%

-0.89%

Average Drawdown

Average peak-to-trough decline

-2.68%

-3.79%

+1.11%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.50%

1.50%

+2.00%

Volatility

CAMX vs. IWX - Volatility Comparison

Cambiar Aggressive Value ETF (CAMX) has a higher volatility of 4.49% compared to iShares Russell Top 200 Value ETF (IWX) at 3.10%. This indicates that CAMX's price experiences larger fluctuations and is considered to be riskier than IWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CAMXIWXDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.49%

3.10%

+1.39%

Volatility (6M)

Calculated over the trailing 6-month period

11.11%

8.46%

+2.65%

Volatility (1Y)

Calculated over the trailing 1-year period

14.25%

10.81%

+3.44%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.49%

13.89%

+0.60%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.49%

16.48%

-1.99%

CAMX vs. IWX - Expense Ratio Comparison

CAMX has a 0.59% expense ratio, which is higher than IWX's 0.20% expense ratio.

Dividends

CAMX vs. IWX - Dividend Comparison

CAMX's dividend yield for the trailing twelve months is around 1.61%, more than IWX's 1.39% yield.

PositionTTM20252024202320222021202020192018201720162015
CAMX
Cambiar Aggressive Value ETF		1.61%1.81%1.33%0.55%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
IWX
iShares Russell Top 200 Value ETF		1.39%1.59%1.97%2.13%2.07%1.79%2.12%2.60%2.66%2.12%2.22%2.77%

Frequently Asked Questions

CAMX and IWX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

CAMX has higher volatility (4.49%) compared to IWX (3.10%). In terms of maximum drawdown, CAMX dropped -15.71% vs IWX's -35.76%.

On 3-year performance, IWX leads with 18.98% vs 12.76% for CAMX. On fees, IWX is cheaper at 0.20% per year. On volatility, IWX has been the lower-risk option at 3.10%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 3-year period, IWX has performed better with a 18.98% return vs 12.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IWX is cheaper with a 0.20% expense ratio, compared with 0.59% for CAMX.

CAMX has the higher dividend yield at 1.61%, compared with 1.39% for IWX.

They also come from different issuers: Cambiar Funds and iShares. Their fees differ too: 0.59% for CAMX and 0.20% for IWX.

IWX currently has the higher Sharpe Ratio (3.10 vs 1.31), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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