TAX vs. IGF
TAX (Cambria Tax Aware ETF) and IGF (iShares Global Infrastructure ETF) are both exchange-traded funds - TAX is a Large Cap Value Equities fund actively managed by Cambria, while IGF is a Industrials Equities fund tracking the S&P Global Infrastructure Index. TAX is actively managed, while IGF is passively managed. Over the past year, TAX returned 23.75% vs 15.30% for IGF. At a 0.49 correlation, their price movements are largely independent. TAX charges 0.49%/yr vs 0.39%/yr for IGF.
Performance
TAX vs. IGF - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with TAX having a 8.40% return and IGF slightly lower at 8.05%.
TAX
- 1D
- -0.47%
- 1M
- 4.58%
- YTD
- 8.40%
- 6M
- 8.40%
- 1Y
- 23.75%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IGF
- 1D
- -0.57%
- 1M
- -1.85%
- YTD
- 8.05%
- 6M
- 7.91%
- 1Y
- 15.30%
- 3Y*
- 15.91%
- 5Y*
- 10.15%
- 10Y*
- 8.29%
TAX vs. IGF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TAX Cambria Tax Aware ETF | 8.40% | 16.72% | 0.25% |
IGF iShares Global Infrastructure ETF | 8.05% | 21.31% | 2.51% |
Correlation
The correlation between TAX and IGF 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 Dec 19, 2024 | 0.49 |
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Return for Risk
TAX vs. IGF — Risk / Return Rank
TAX
IGF
TAX vs. IGF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cambria Tax Aware ETF (TAX) and iShares Global Infrastructure ETF (IGF). 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.
| TAX | IGF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.26 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 2.62 | -0.44 |
| Martin ratioReturn relative to average drawdown | 8.34 | 8.05 | +0.28 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TAX | IGF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.52 | 1.47 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.73 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.49 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.96 | 0.24 | +0.72 |
Drawdowns
TAX vs. IGF - Drawdown Comparison
The maximum TAX drawdown since its inception was -18.85%, smaller than the maximum IGF drawdown of -58.33%. Use the drawdown chart below to compare losses from any high point for TAX and IGF.
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Drawdown Indicators
| TAX | IGF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.85% | -58.33% | +39.48% |
Max Drawdown (1Y)Largest decline over 1 year | -10.95% | -5.87% | -5.08% |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.28% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.83% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.11% | — |
Current DrawdownCurrent decline from peak | -0.47% | -4.43% | +3.96% |
Average DrawdownAverage peak-to-trough decline | -3.00% | -11.87% | +8.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.86% | 1.90% | +0.96% |
Volatility
TAX vs. IGF - Volatility Comparison
Cambria Tax Aware ETF (TAX) has a higher volatility of 4.93% compared to iShares Global Infrastructure ETF (IGF) at 3.68%. This indicates that TAX's price experiences larger fluctuations and is considered to be riskier than IGF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TAX | IGF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.93% | 3.68% | +1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 12.23% | 8.59% | +3.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.75% | 10.49% | +5.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.77% | 13.99% | +4.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.77% | 16.83% | +1.94% |
TAX vs. IGF - Expense Ratio Comparison
TAX has a 0.49% expense ratio, which is higher than IGF's 0.39% expense ratio.
Dividends
TAX vs. IGF - Dividend Comparison
TAX's dividend yield for the trailing twelve months is around 0.32%, less than IGF's 2.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGF iShares Global Infrastructure ETF | 2.98% | 3.23% | 3.21% | 3.36% | 2.67% | 2.42% | 2.33% | 3.27% | 3.52% | 2.95% | 2.98% | 3.25% |
TAX Cambria Tax Aware ETF | 0.32% | 0.34% | 0.23% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TAX and IGF 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.
TAX has higher volatility (4.93%) compared to IGF (3.68%). In terms of maximum drawdown, TAX dropped -18.85% vs IGF's -58.33%.
On 1-year performance, TAX leads with 23.75% vs 15.30% for IGF. On fees, IGF is cheaper at 0.39% per year. On volatility, IGF has been the lower-risk option at 3.68%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, TAX has performed better with a 23.75% return vs 15.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IGF is cheaper with a 0.39% expense ratio, compared with 0.49% for TAX.
IGF has the higher dividend yield at 2.98%, compared with 0.32% for TAX.
TAX is categorized as Large Cap Value Equities, while IGF is Industrials Equities. They also come from different issuers: Cambria and iShares. Their fees differ too: 0.49% for TAX and 0.39% for IGF.
TAX currently has the higher Sharpe Ratio (1.52 vs 1.47), 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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