FIXT vs. CAPE

Last updated Aug 4, 2026

FIXT (Procure Disaster Recovery Strategy ETF) and CAPE (DoubleLine Shiller CAPE U.S. Equities ETF) are both exchange-traded funds - FIXT is a Global Equities fund tracking the VettaFi Natural Disaster Response and Mitigation Index, while CAPE is a Large Cap Value Equities fund actively managed by DoubleLine. FIXT is passively managed, while CAPE is actively managed. Over the past year, FIXT returned 2.57% vs 6.82% for CAPE. Their 0.45 correlation means their historical movements had little consistent relationship. FIXT charges 0.75%/yr vs 0.65%/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 DoubleLine Shiller CAPE U.S. Equities ETF (CAPE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FIXT achieves a -0.02% return, which is significantly lower than CAPE's 2.91% return.

FIXT

• 1D: 0.16%
• 1M: -0.88%
• 6M: -0.36%
• YTD: -0.02%
• 1Y: 2.57%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 4.01%

CAPE

• 1D: 0.61%
• 1M: 0.04%
• 6M: 0.68%
• YTD: 2.91%
• 1Y: 6.82%
• 3Y*: 11.25%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 7.88%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CAPE DoubleLine Shiller CAPE U.S. Equities ETF	$487.88K	$462.19K	$933.98K
FIXT Procure Disaster Recovery Strategy ETF	$753.53K	$1.08M	$852.15K

FIXT vs. CAPE - Yearly Performance Comparison

	2026 (YTD)	2025
FIXT Procure Disaster Recovery Strategy ETF	-0.02%	4.57%
CAPE DoubleLine Shiller CAPE U.S. Equities ETF	2.91%	5.08%

Correlation

The correlation between FIXT and CAPE is 0.44, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.44
Correlation (All Time) Calculated using the full available price history since Jun 16, 2025	0.45

Return for Risk

FIXT vs. CAPE — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FIXT

FIXT Risk / Return Rank: 27
FIXT Sharpe Ratio Rank: 29
FIXT Sortino Ratio Rank: 27
FIXT Omega Ratio Rank: 26
FIXT Calmar Ratio Rank: 26
FIXT Martin Ratio Rank: 26

CAPE

CAPE Risk / Return Rank: 26
CAPE Sharpe Ratio Rank: 26
CAPE Sortino Ratio Rank: 25
CAPE Omega Ratio Rank: 24
CAPE Calmar Ratio Rank: 24
CAPE Martin Ratio Rank: 29

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.

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 DoubleLine Shiller CAPE U.S. Equities ETF (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	0.72	0.59	+0.13
Sortino ratio: Return per unit of downside risk	1.05	0.93	+0.12
Omega ratio: Gain probability vs. loss probability	1.12	1.11	+0.01
Calmar ratio: Return relative to maximum drawdown	0.85	0.71	+0.15
Martin ratio: Return relative to average drawdown	2.12	2.50	-0.38

FIXT vs. CAPE - Sharpe Ratio Comparison

The current FIXT Sharpe Ratio is 0.72, which is comparable to the CAPE Sharpe Ratio of 0.59. 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	-2.13%	-0.67%	-1.46%
Average Drawdown Average peak-to-trough decline	-0.84%	-4.81%	+3.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.21%	2.74%	-1.53%

Volatility

FIXT vs. CAPE - Volatility Comparison

The current volatility for Procure Disaster Recovery Strategy ETF (FIXT) is 1.12%, while DoubleLine Shiller CAPE U.S. Equities ETF (CAPE) has a volatility of 4.46%. 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	1.12%	4.46%	-3.34%
Volatility (6M) Calculated over the trailing 6-month period	2.69%	9.58%	-6.89%
Volatility (1Y) Calculated over the trailing 1-year period	3.58%	11.59%	-8.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.76%	16.84%	-13.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.76%	16.84%	-13.08%

FIXT vs. CAPE - Expense Ratio Comparison

FIXT has a 0.75% expense ratio, which is higher than CAPE's 0.65% expense ratio.

Dividends

FIXT vs. CAPE - Dividend Comparison

FIXT's dividend yield for the trailing twelve months is around 5.66%, more than CAPE's 1.37% yield.

Position	TTM	2025	2024	2023	2022
CAPE DoubleLine Shiller CAPE U.S. Equities ETF	1.37%	1.39%	1.23%	1.01%	0.80%
FIXT Procure Disaster Recovery Strategy ETF	5.66%	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 0.44, 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 (4.46%) compared to FIXT (1.12%). 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, CAPE leads with 6.82% vs 2.57% for FIXT. On fees, CAPE is cheaper at 0.65% per year. On volatility, FIXT has been the lower-risk option at 1.12%. 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, CAPE has performed better with a 6.82% return vs 2.57%. 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 0.65% 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 5.66%, compared with 1.37% for CAPE.

What is the main difference between FIXT and CAPE?

FIXT is categorized as Global Equities, while CAPE is Large Cap Value Equities. They also come from different issuers: Procure and DoubleLine. Their fees differ too: 0.75% for FIXT and 0.65% for CAPE.

Which has better risk-adjusted returns?

FIXT currently has the higher Sharpe Ratio (0.72 vs 0.59), 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.