Cambria Tax Aware ETF (TAX) Performance
TAX total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +6.4% since Dec 31, 2025
- 1 year
- +8.2% total return
- Since first price
- +24.5% since 2024
TAX trailing returns vs SPY, QQQ, AGG
| Period | TAX total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −0.8% | −0.8% | −1.0% | −5.0% | +0.9% |
| 3 months | −0.6% | −0.6% | +3.2% | +1.9% | −0.4% |
| 6 months | +2.0% | +2.0% | +7.8% | +8.4% | −1.5% |
| YTD | +6.4% | +6.4% | +12.3% | +15.1% | −1.0% |
| 1 year | +8.2% | +7.8% | +14.4% | +15.9% | −1.1% |
| Since inceptionDec 18, 2024 | +24.5% | +23.8% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: TAX vs SPY
From Dec 18, 2024: TAX grew to $12,448, SPY to $13,262.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
TAX returns by calendar year
1 of 1 full years positive. Best 2025 (+16.7%), worst 2025 (+16.7%). 2026 is year to date.
TAX annual returns table
| Year | TAX | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +6.4% | −11.0% | +12.3% | +15.1% | −1.0% |
| 2025 | +16.7% | −18.8% | +17.7% | +20.8% | +7.2% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
TAX largest drawdowns
Now 6.2% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 19, 2025 | −18.8% | Apr 8, 2025 | Jun 24, 2025 | 48 days | 4 months |
| Jan 15, 2026 | −11.0% | Mar 30, 2026 | Apr 17, 2026 | 2 months | 3 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
TAX risk statistics
| Statistic | Since 2024 |
|---|---|
| Annualized return | +13.2% |
| Volatility (annualized) | 13.0% |
| Sharpe ratio | 0.72 |
| Sortino ratio | 1.22 |
| Best month | +9.1% |
| Worst month | −5.9% |
| Best 12 months | +29.2% |
| Worst 12 months | +9.5% |
| Positive months | 67% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
TAX rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 11 | +7.3% | +16.8% | +29.2% | 100% |
Every holding period starting at a month-end since 2024. Returns for 3 years and longer are annualized.
TAX performance overview
Cambria Tax Aware ETF (TAX) returned +8.2% over the past year, with distributions reinvested. Since its first recorded price on Dec 18, 2024 it has returned +24.5%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −18.8%, from Feb 19, 2025 to Apr 8, 2025, and it took 3 months to get back to the old high. Volatility has been 13.0% a year.
Related: TAX chart, TAX holdings, TAX dividends, TAX valuation. See the TAX overview for the latest quote and fund facts.
TAX performance FAQ
What is the TAX return over the past year?
TAX returned +8.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 7.8%.
How much would $10,000 invested in TAX be worth?
$10,000 invested in TAX at its first recorded close on December 18, 2024 would be worth about $12,448 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of TAX?
The largest peak-to-trough decline was −18.8% between February 19, 2025 and April 8, 2025. It recovered to the old high on June 24, 2025, 3 months after the bottom.
How volatile is TAX?
Over the past history TAX had an annualized volatility of 13.0% and a Sharpe ratio of 0.72 (excess return over 1–3 month T-bills per unit of risk).