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CAPE vs. YACKX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CAPE vs. YACKX

Last updated Jun 24, 2026

CAPE (iPath Shiller CAPE ETN) and YACKX (AMG Yacktman Fund) are both funds - CAPE is a Global Equities fund tracking the Shiller Barclays CAPE US Core Sector Index, while YACKX is a Large Cap Value Equities fund managed by AMG. Over the past 3 years, CAPE returned 11.89%/yr vs 13.66%/yr for YACKX. A 0.74 correlation means they provide meaningful diversification when combined. CAPE charges 0.45%/yr vs 0.71%/yr for YACKX.

Performance

CAPE vs. YACKX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iPath Shiller CAPE ETN (CAPE) and AMG Yacktman Fund (YACKX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, CAPE achieves a -0.06% return, which is significantly lower than YACKX's 14.69% return.

CAPE

1D
1.38%
1M
-0.99%
YTD
-0.06%
6M
-0.35%
1Y
3.99%
3Y*
11.89%
5Y*
—
10Y*
—

YACKX

1D
-0.88%
1M
-1.07%
YTD
14.69%
6M
16.07%
1Y
9.89%
3Y*
13.66%
5Y*
8.13%
10Y*
12.37%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CAPE vs. YACKX - Yearly Performance Comparison

2026 (YTD)2025202420232022
CAPE
iPath Shiller CAPE ETN		-0.06%9.10%14.40%27.65%-15.28%
YACKX
AMG Yacktman Fund		14.69%1.34%13.15%15.46%-6.81%

Correlation

The correlation between CAPE and YACKX is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.47

Correlation (3Y)
Calculated over the trailing 3-year period

0.66

Correlation (All Time)
Calculated using the full available price history since Apr 4, 2022

0.74

Over the past year, the correlation between CAPE and YACKX has dropped to 0.47 - well below their long-term average of 0.74, suggesting their price drivers have been diverging.

Compare stocks, funds, or ETFs

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

iPath Shiller CAPE ETN

AMG Yacktman Fund

Often compared with CAPE:
CAPE vs. SPYCAPE vs. VOOCAPE vs. SCHDCAPE vs. DSEEXCAPE vs. TQQQCAPE vs. MDYCAPE vs. CSPX.AS
Often compared with YACKX:
YACKX vs. SPYYACKX vs. TWEIXYACKX vs. DSEEXYACKX vs. VUGYACKX vs. DGROYACKX vs. FLPSXYACKX vs. SPXX

Return for Risk

CAPE vs. YACKX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CAPE
CAPE Risk / Return Rank: 1414
Overall Rank
CAPE Sharpe Ratio Rank: 1414
Sharpe Ratio Rank
CAPE Sortino Ratio Rank: 1313
Sortino Ratio Rank
CAPE Omega Ratio Rank: 1313
Omega Ratio Rank
CAPE Calmar Ratio Rank: 1313
Calmar Ratio Rank
CAPE Martin Ratio Rank: 1616
Martin Ratio Rank
YACKX
YACKX Risk / Return Rank: 88
Overall Rank
YACKX Sharpe Ratio Rank: 77
Sharpe Ratio Rank
YACKX Sortino Ratio Rank: 66
Sortino Ratio Rank
YACKX Omega Ratio Rank: 1212
Omega Ratio Rank
YACKX Calmar Ratio Rank: 77
Calmar Ratio Rank
YACKX Martin Ratio Rank: 77
Martin Ratio Rank
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. YACKX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iPath Shiller CAPE ETN (CAPE) and AMG Yacktman Fund (YACKX). 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.

CAPEYACKXDifference
Sharpe ratioReturn per unit of total volatility
0.36
0.50

-0.13

Sortino ratioReturn per unit of downside risk
0.60
0.64

-0.05

Omega ratioGain probability vs. loss probability

1.07

1.16

-0.09

Calmar ratioReturn relative to maximum drawdown

0.41

0.60

-0.19

Martin ratioReturn relative to average drawdown

1.46

1.73

-0.27

CAPE vs. YACKX - Sharpe Ratio Comparison

The current CAPE Sharpe Ratio is 0.36, which is comparable to the YACKX Sharpe Ratio of 0.50. The chart below compares the historical Sharpe Ratios of CAPE and YACKX, 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

CAPE vs. YACKX - Drawdown Comparison

The maximum CAPE drawdown since its inception was -22.07%, smaller than the maximum YACKX drawdown of -46.65%. Use the drawdown chart below to compare losses from any high point for CAPE and YACKX.

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Drawdown Indicators

CAPEYACKXDifference

Max Drawdown

Largest peak-to-trough decline

-22.07%

-46.65%

+24.58%

Max Drawdown (1Y)

Largest decline over 1 year

-9.68%

-16.30%

+6.62%

Max Drawdown (3Y)

Largest decline over 3 years

-14.32%

-18.30%

+3.98%

Max Drawdown (5Y)

Largest decline over 5 years

—

-19.86%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-30.93%

—

Current Drawdown

Current decline from peak

-3.24%

-4.83%

+1.59%

Average Drawdown

Average peak-to-trough decline

-4.90%

-5.27%

+0.37%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.73%

5.62%

-2.89%

Volatility

CAPE vs. YACKX - Volatility Comparison

The current volatility for iPath Shiller CAPE ETN (CAPE) is 3.60%, while AMG Yacktman Fund (YACKX) has a volatility of 4.96%. This indicates that CAPE experiences smaller price fluctuations and is considered to be less risky than YACKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CAPEYACKXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.60%

4.96%

-1.36%

Volatility (6M)

Calculated over the trailing 6-month period

8.60%

19.88%

-11.28%

Volatility (1Y)

Calculated over the trailing 1-year period

11.14%

19.73%

-8.59%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.89%

17.16%

-0.27%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.89%

16.19%

+0.70%

CAPE vs. YACKX - Expense Ratio Comparison

CAPE has a 0.45% expense ratio, which is lower than YACKX's 0.71% expense ratio.

Dividends

CAPE vs. YACKX - Dividend Comparison

CAPE's dividend yield for the trailing twelve months is around 1.38%, while YACKX has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
CAPE
iPath Shiller CAPE ETN		1.38%1.39%1.23%1.01%0.80%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
YACKX
AMG Yacktman Fund		0.00%0.00%17.32%4.39%7.35%3.72%10.82%16.84%23.06%10.67%8.57%13.66%

Frequently Asked Questions

CAPE and YACKX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

YACKX has higher volatility (4.96%) compared to CAPE (3.60%). In terms of maximum drawdown, CAPE dropped -22.07% vs YACKX's -46.65%.

YACKX currently has the higher Sharpe Ratio (0.50 vs 0.36), 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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