CAPE vs. POW

Last updated Jul 15, 2026

CAPE (iPath Shiller CAPE ETN) and POW (VistaShares Electrification Supercycle ETF) are both exchange-traded funds - CAPE is a Global Equities fund tracking the Shiller Barclays CAPE US Core Sector Index, while POW is a Actively Managed fund actively managed by VistaShares. CAPE is passively managed, while POW is actively managed. At a 0.17 correlation, their price movements are largely independent. CAPE charges 0.45%/yr vs 0.75%/yr for POW.

Performance

CAPE vs. POW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iPath Shiller CAPE ETN (CAPE) and VistaShares Electrification Supercycle ETF (POW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CAPE achieves a 1.57% return, which is significantly lower than POW's 41.57% return.

CAPE

• 1D: -0.28%
• 1M: 0.07%
• 6M: 0.35%
• YTD: 1.57%
• 1Y: 3.39%
• 3Y*: 10.97%
• 5Y*: —
• 10Y*: —

POW

• 1D: 1.90%
• 1M: -7.03%
• 6M: 34.18%
• YTD: 41.57%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CAPE vs. POW - Yearly Performance Comparison

	2026 (YTD)	2025
CAPE iPath Shiller CAPE ETN	1.57%	-0.39%
POW VistaShares Electrification Supercycle ETF	41.57%	-1.70%

Correlation

The correlation between CAPE and POW is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 28, 2025	0.17

Return for Risk

CAPE vs. POW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CAPE

CAPE Risk / Return Rank: 14
CAPE Sharpe Ratio Rank: 15
CAPE Sortino Ratio Rank: 13
CAPE Omega Ratio Rank: 13
CAPE Calmar Ratio Rank: 14
CAPE Martin Ratio Rank: 16

POW

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CAPE vs. POW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iPath Shiller CAPE ETN (CAPE) and VistaShares Electrification Supercycle ETF (POW). 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.

	CAPE	POW	Difference
Sharpe ratio: Return per unit of total volatility	0.30	—	—
Sortino ratio: Return per unit of downside risk	0.51	—	—
Omega ratio: Gain probability vs. loss probability	1.06	—	—
Calmar ratio: Return relative to maximum drawdown	0.35	—	—
Martin ratio: Return relative to average drawdown	1.24	—	—

Drawdowns

CAPE vs. POW - Drawdown Comparison

The maximum CAPE drawdown since its inception was -22.07%, which is greater than POW's maximum drawdown of -18.37%. Use the drawdown chart below to compare losses from any high point for CAPE and POW.

Drawdown Indicators

	CAPE	POW	Difference
Max Drawdown Largest peak-to-trough decline	-22.07%	-18.37%	-3.70%
Max Drawdown (1Y) Largest decline over 1 year	-9.68%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-14.32%	—	—
Current Drawdown Current decline from peak	-1.87%	-16.82%	+14.95%
Average Drawdown Average peak-to-trough decline	-4.85%	-4.40%	-0.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.75%	—	—

Volatility

Volatility by Period

	CAPE	POW	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.56%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.19%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.36%	32.91%	-21.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.87%	32.91%	-16.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.87%	32.91%	-16.04%

CAPE vs. POW - Expense Ratio Comparison

CAPE has a 0.45% expense ratio, which is lower than POW's 0.75% expense ratio.

Dividends

CAPE vs. POW - Dividend Comparison

CAPE's dividend yield for the trailing twelve months is around 1.38%, more than POW's 0.14% yield.

Position	TTM	2025	2024	2023	2022
CAPE iPath Shiller CAPE ETN	1.38%	1.39%	1.23%	1.01%	0.80%
POW VistaShares Electrification Supercycle ETF	0.14%	0.19%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CAPE and POW in my portfolio?

CAPE and POW have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CAPE or POW?

On fees, CAPE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CAPE or POW?

CAPE is cheaper with a 0.45% expense ratio, compared with 0.75% for POW.

Which ETF pays a higher dividend yield, CAPE or POW?

CAPE has the higher dividend yield at 1.38%, compared with 0.14% for POW.

What is the main difference between CAPE and POW?

CAPE is categorized as Global Equities, while POW is Actively Managed. They also come from different issuers: Barclays Capital and VistaShares. Their fees differ too: 0.45% for CAPE and 0.75% for POW.