FIXT vs. CAPE

Last updated Jun 25, 2026

FIXT (Procure Disaster Recovery Strategy ETF) and CAPE (iPath Shiller CAPE ETN) are both Global Equities funds - FIXT tracks the VettaFi Natural Disaster Response and Mitigation Index while CAPE tracks the Shiller Barclays CAPE US Core Sector Index. Both are passively managed. Over the past year, FIXT returned 4.93% vs 3.36% for CAPE. At a 0.46 correlation, their price movements are largely independent. FIXT charges 0.75%/yr vs 0.45%/yr for CAPE.

Performance

FIXT vs. CAPE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Procure Disaster Recovery Strategy ETF (FIXT) and iPath Shiller CAPE ETN (CAPE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FIXT achieves a 1.19% return, which is significantly higher than CAPE's 0.17% return.

FIXT

• 1D: 0.48%
• 1M: 1.55%
• YTD: 1.19%
• 6M: 0.92%
• 1Y: 4.93%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CAPE

• 1D: 0.22%
• 1M: -0.77%
• YTD: 0.17%
• 6M: -0.68%
• 1Y: 3.36%
• 3Y*: 11.97%
• 5Y*: —
• 10Y*: —

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

FIXT vs. CAPE - Yearly Performance Comparison

	2026 (YTD)	2025
FIXT Procure Disaster Recovery Strategy ETF	1.19%	4.57%
CAPE iPath Shiller CAPE ETN	0.17%	5.08%

Correlation

The correlation between FIXT and CAPE is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (All Time) Calculated using the full available price history since Jun 16, 2025	0.46

FIXT vs. CAPE - Sectors Allocation Comparison

Sectors	FIXT	CAPE
Healthcare	100.0%	23.6%
Basic Materials	-	22.0%
Communication Services	-	25.1%
Consumer Cyclical	-	25.7%
Consumer Defensive	-	25.9%
Energy	-	-
Financial Services	-	23.2%
Industrials	-	0.0%
Real Estate	-	25.3%
Technology	-	0.3%
Utilities	-	-

Return for Risk

FIXT vs. CAPE — Risk / Return Rank

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

FIXT

FIXT Risk / Return Rank: 39
FIXT Sharpe Ratio Rank: 42
FIXT Sortino Ratio Rank: 44
FIXT Omega Ratio Rank: 40
FIXT Calmar Ratio Rank: 37
FIXT Martin Ratio Rank: 33

CAPE

CAPE Risk / Return Rank: 13
CAPE Sharpe Ratio Rank: 13
CAPE Sortino Ratio Rank: 12
CAPE Omega Ratio Rank: 12
CAPE Calmar Ratio Rank: 13
CAPE Martin Ratio Rank: 15

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.

FIXT vs. CAPE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Procure Disaster Recovery Strategy ETF (FIXT) and iPath Shiller CAPE ETN (CAPE). 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.

	FIXT	CAPE	Difference
Sharpe ratio: Return per unit of total volatility	1.32	0.31	+1.01
Sortino ratio: Return per unit of downside risk	1.98	0.52	+1.47
Omega ratio: Gain probability vs. loss probability	1.24	1.06	+0.18
Calmar ratio: Return relative to maximum drawdown	1.64	0.35	+1.29
Martin ratio: Return relative to average drawdown	4.55	1.23	+3.32

FIXT vs. CAPE - Sharpe Ratio Comparison

The current FIXT Sharpe Ratio is 1.32, which is higher than the CAPE Sharpe Ratio of 0.31. The chart below compares the historical Sharpe Ratios of FIXT and CAPE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FIXT vs. CAPE - Drawdown Comparison

The maximum FIXT drawdown since its inception was -3.02%, smaller than the maximum CAPE drawdown of -22.07%. Use the drawdown chart below to compare losses from any high point for FIXT and CAPE.

Drawdown Indicators

	FIXT	CAPE	Difference
Max Drawdown Largest peak-to-trough decline	-3.02%	-22.07%	+19.05%
Max Drawdown (1Y) Largest decline over 1 year	-3.02%	-9.68%	+6.66%
Max Drawdown (3Y) Largest decline over 3 years	—	-14.32%	—
Current Drawdown Current decline from peak	-0.94%	-3.02%	+2.08%
Average Drawdown Average peak-to-trough decline	-0.76%	-4.90%	+4.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.09%	2.73%	-1.64%

Volatility

FIXT vs. CAPE - Volatility Comparison

The current volatility for Procure Disaster Recovery Strategy ETF (FIXT) is 1.01%, while iPath Shiller CAPE ETN (CAPE) has a volatility of 3.61%. This indicates that FIXT experiences smaller price fluctuations and is considered to be less risky than CAPE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIXT	CAPE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.01%	3.61%	-2.60%
Volatility (6M) Calculated over the trailing 6-month period	2.52%	8.60%	-6.08%
Volatility (1Y) Calculated over the trailing 1-year period	3.76%	11.05%	-7.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.76%	16.88%	-13.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.76%	16.88%	-13.12%

FIXT vs. CAPE - Expense Ratio Comparison

FIXT has a 0.75% expense ratio, which is higher than CAPE's 0.45% expense ratio.

Dividends

FIXT vs. CAPE - Dividend Comparison

FIXT's dividend yield for the trailing twelve months is around 5.50%, more than CAPE's 1.38% yield.

Position	TTM	2025	2024	2023	2022
CAPE iPath Shiller CAPE ETN	1.38%	1.39%	1.23%	1.01%	0.80%
FIXT Procure Disaster Recovery Strategy ETF	5.50%	3.24%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FIXT and CAPE in my portfolio?

FIXT and CAPE have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FIXT or CAPE?

CAPE has higher volatility (3.61%) compared to FIXT (1.01%). In terms of maximum drawdown, FIXT dropped -3.02% vs CAPE's -22.07%.

Which ETF is better, FIXT or CAPE?

On 1-year performance, FIXT leads with 4.93% vs 3.36% for CAPE. On fees, CAPE is cheaper at 0.45% per year. On volatility, FIXT has been the lower-risk option at 1.01%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FIXT or CAPE?

Over the 1-year period, FIXT has performed better with a 4.93% return vs 3.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FIXT or CAPE?

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

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

FIXT has the higher dividend yield at 5.50%, compared with 1.38% for CAPE.

What is the main difference between FIXT and CAPE?

FIXT tracks VettaFi Natural Disaster Response and Mitigation Index, while CAPE tracks Shiller Barclays CAPE US Core Sector Index. They also come from different issuers: Procure and Barclays Capital. Their fees differ too: 0.75% for FIXT and 0.45% for CAPE.

Which has better risk-adjusted returns?

FIXT currently has the higher Sharpe Ratio (1.32 vs 0.31), 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.