ISRA vs. CAPE

Last updated Aug 5, 2026

ISRA (VanEck Israel ETF) and CAPE (DoubleLine Shiller CAPE U.S. Equities ETF) are both exchange-traded funds - ISRA is a Global Equities fund tracking the BlueStar Israel Global Index, while CAPE is a Large Cap Value Equities fund actively managed by DoubleLine. ISRA is passively managed, while CAPE is actively managed. Over the past 3 years, ISRA returned 25.31%/yr vs 11.54%/yr for CAPE. Their 0.61 correlation means they have sometimes moved together and sometimes differently. ISRA charges 0.59%/yr vs 0.65%/yr for CAPE.

Performance

ISRA vs. CAPE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Israel ETF (ISRA) 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, ISRA achieves a 13.95% return, which is significantly higher than CAPE's 3.72% return.

ISRA

• 1D: 2.91%
• 1M: 2.76%
• 6M: 5.19%
• YTD: 13.95%
• 1Y: 35.15%
• 3Y*: 25.31%
• 5Y*: 8.79%
• 10Y*: 10.54%
• ALL TIME*: 9.07%

CAPE

• 1D: 0.79%
• 1M: 0.83%
• 6M: 1.69%
• YTD: 3.72%
• 1Y: 6.44%
• 3Y*: 11.54%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 8.07%

*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	$498.36K	$470.01K	$935.26K
ISRA VanEck Israel ETF	$185.25K	$264.84K	$402.02K

ISRA vs. CAPE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
ISRA VanEck Israel ETF	13.95%	36.98%	26.03%	-0.08%	-22.57%
CAPE DoubleLine Shiller CAPE U.S. Equities ETF	3.72%	9.10%	14.40%	27.65%	-15.28%

Correlation

The correlation between ISRA and CAPE is 0.25, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.25
Correlation (3Y) Balances recent behavior with more history.	0.48
Correlation (All Time) Calculated using the full available price history since Apr 4, 2022	0.61

Over the past year, the correlation between ISRA and CAPE has dropped to 0.25 - well below their long-term average of 0.61, suggesting their price drivers have been diverging.

ISRA vs. CAPE - Sectors Allocation Comparison

Sectors	ISRA	CAPE
Technology	34.8%	0.4%
Financial Services	27.9%	24.6%
Industrials	8.4%	0.1%
Healthcare	7.8%	23.6%
Basic Materials	5.4%	0.3%
Real Estate	5.3%	24.8%
Utilities	5.3%	-
Energy	3.3%	-
Consumer Cyclical	2.6%	0.2%
Communication Services	1.7%	25.2%
Consumer Defensive	1.7%	24.6%

Return for Risk

ISRA vs. CAPE — Risk / Return Rank

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

ISRA

ISRA Risk / Return Rank: 64
ISRA Sharpe Ratio Rank: 62
ISRA Sortino Ratio Rank: 61
ISRA Omega Ratio Rank: 57
ISRA Calmar Ratio Rank: 75
ISRA Martin Ratio Rank: 64

CAPE

CAPE Risk / Return Rank: 23
CAPE Sharpe Ratio Rank: 23
CAPE Sortino Ratio Rank: 22
CAPE Omega Ratio Rank: 21
CAPE Calmar Ratio Rank: 21
CAPE Martin Ratio Rank: 27

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.

ISRA vs. CAPE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Israel ETF (ISRA) 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.

	ISRA	CAPE	Difference
Sharpe ratio: Return per unit of total volatility	1.64	0.56	+1.08
Sortino ratio: Return per unit of downside risk	2.31	0.89	+1.42
Omega ratio: Gain probability vs. loss probability	1.28	1.11	+0.18
Calmar ratio: Return relative to maximum drawdown	2.95	0.67	+2.28
Martin ratio: Return relative to average drawdown	8.55	2.36	+6.20

ISRA vs. CAPE - Sharpe Ratio Comparison

The current ISRA Sharpe Ratio is 1.64, which is higher than the CAPE Sharpe Ratio of 0.56. The chart below compares the historical Sharpe Ratios of ISRA 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

ISRA vs. CAPE - Drawdown Comparison

The maximum ISRA drawdown since its inception was -45.02%, which is greater than CAPE's maximum drawdown of -22.07%. Use the drawdown chart below to compare losses from any high point for ISRA and CAPE.

Drawdown Indicators

	ISRA	CAPE	Difference
Max Drawdown Largest peak-to-trough decline	-45.02%	-22.07%	-22.95%
Max Drawdown (1Y) Largest decline over 1 year	-11.99%	-9.68%	-2.31%
Max Drawdown (3Y) Largest decline over 3 years	-22.67%	-14.32%	-8.35%
Max Drawdown (5Y) Largest decline over 5 years	-45.02%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-45.02%	—	—
Current Drawdown Current decline from peak	-4.82%	0.00%	-4.82%
Average Drawdown Average peak-to-trough decline	-11.15%	-4.81%	-6.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.14%	2.74%	+1.40%

Volatility

ISRA vs. CAPE - Volatility Comparison

VanEck Israel ETF (ISRA) has a higher volatility of 6.88% compared to DoubleLine Shiller CAPE U.S. Equities ETF (CAPE) at 4.50%. This indicates that ISRA's price experiences larger fluctuations and is considered to be riskier than CAPE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ISRA	CAPE	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.88%	4.50%	+2.38%
Volatility (6M) Calculated over the trailing 6-month period	17.13%	9.61%	+7.52%
Volatility (1Y) Calculated over the trailing 1-year period	21.53%	11.60%	+9.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.26%	16.84%	+5.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.09%	16.84%	+4.25%

ISRA vs. CAPE - Expense Ratio Comparison

ISRA has a 0.59% expense ratio, which is lower than CAPE's 0.65% expense ratio.

Dividends

ISRA vs. CAPE - Dividend Comparison

ISRA's dividend yield for the trailing twelve months is around 1.30%, less than CAPE's 1.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CAPE DoubleLine Shiller CAPE U.S. Equities ETF	1.36%	1.39%	1.23%	1.01%	0.80%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ISRA VanEck Israel ETF	1.30%	1.48%	1.21%	1.89%	1.36%	1.28%	0.17%	1.38%	0.76%	1.58%	1.62%	1.31%

Frequently Asked Questions

Can I hold both ISRA and CAPE in my portfolio?

ISRA and CAPE have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ISRA or CAPE?

ISRA has higher volatility (6.88%) compared to CAPE (4.50%). In terms of maximum drawdown, ISRA dropped -45.02% vs CAPE's -22.07%.

Which ETF is better, ISRA or CAPE?

On 3-year performance, ISRA leads with 25.31% vs 11.54% for CAPE. On fees, ISRA is cheaper at 0.59% per year. On volatility, CAPE has been the lower-risk option at 4.50%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ISRA or CAPE?

Over the 3-year period, ISRA has performed better with a 25.31% return vs 11.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ISRA or CAPE?

ISRA is cheaper with a 0.59% expense ratio, compared with 0.65% for CAPE.

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

CAPE has the higher dividend yield at 1.36%, compared with 1.30% for ISRA.

What is the main difference between ISRA and CAPE?

ISRA is categorized as Global Equities, while CAPE is Large Cap Value Equities. They also come from different issuers: VanEck and DoubleLine. Their fees differ too: 0.59% for ISRA and 0.65% for CAPE.

Which has better risk-adjusted returns?

ISRA currently has the higher Sharpe Ratio (1.64 vs 0.56), 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.