ITAN vs TAX
Sparkline Intangible Value ETF vs Cambria Tax Aware ETF
Which is better, ITAN or TAX?
ITAN has been ahead.
ITAN has a lower expense ratio. ITAN led over 1Y and the full window. TAX is less concentrated, with 17.5% of the fund in its ten largest positions against 22.8%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | ITAN | TAX |
|---|---|---|
| Expense Ratio | 0.50%Best | 0.54% |
| AUM | $121M | $25M |
| Dividend Yield | 1.01% | 0.32% |
| Holdings | 157 | 200 |
| YTD Return | +19.00%Best | +5.03% |
| 1Y Return | +28.38%Best | +8.84% |
| 3Y Return (annualized) | +24.36% | - |
| 5Y Return (annualized) | +12.65% | - |
| Volatility (annualized) | 13.9% | 12.8%Best |
| Max Drawdown | -20.5% | -18.9%Best |
| $10,000 over 1.8 years | $14,316Best | $12,395 |
| Top 10 Weight | 22.8% | 17.5%Best |
| Fund Family | Sparkline Capital | Cambria Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jun 29, 2021 | Dec 18, 2024 |
Volatility and max drawdown, and the $10,000 over 1.8 years row, are measured over the window both funds cover: Dec 18, 2024 to Oct 14, 2026 (1.8 years).
ITAN vs TAX growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.8 years both funds cover.
ITAN vs TAX Performance
Sparkline Intangible Value ETF (ITAN) is an ETF from Sparkline Capital and Cambria Tax Aware ETF (TAX) is an ETF from Cambria Investment Management. Over the past year ITAN returned +28.38% while TAX returned +8.84%. Year to date, ITAN is up 19.00% versus a gain of 5.03% for TAX.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ITAN has been the more volatile fund, with annualized monthly volatility of 13.9% compared with 12.8% for TAX. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -20.5% for ITAN and -18.9% for TAX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.80. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ITAN charges 0.50% per year while TAX charges 0.54%. On a $10,000 position that is $50 vs $54 annually, a gap of $4 per year that compounds over a long holding period. On income, ITAN currently yields 1.01% against 0.32% for TAX.
Holdings Overlap
14.1% of ITAN's money is in holdings TAX also owns. 24.8% of TAX's money is in holdings ITAN also owns.
TAX and ITAN share little of their money.
24 positions in common, counted across the 154 positions we hold weights for in ITAN and 98 in TAX, against full books of 157 and 200.
What only one of them owns
Our book lists 72 positions for TAX that do not appear in our book for ITAN (72.3% of the fund), and 123 for ITAN that do not appear in TAX (82.9%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in ITAN | Weight in TAX | Difference |
|---|---|---|---|
| TWLOTwilio Inc. Class A | 0.95% | 2.34% | 1.39% |
| DISWalt Disney Co | 1.37% | 0.87% | 0.50% |
| FFIVF5 Networks Inc. | 0.55% | 1.51% | 0.96% |
| WBDWarner Bros. Discovery, Inc | 0.89% | 1.06% | 0.17% |
| ADBEAdobe Systems | 1.16% | 0.79% | 0.37% |
| GMGeneral Motors Co | 1.04% | 0.87% | 0.17% |
| BABoeing Co | 1.14% | 0.77% | 0.37% |
| VSATViasat Inc | 0.38% | 1.45% | 1.07% |
| PYPLPaypal Holdings Inc | 0.84% | 0.96% | 0.12% |
| DOCUDocusign Inc | 0.48% | 1.26% | 0.78% |
24.8% of TAX is already inside ITAN.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, ITAN or TAX?
ITAN has an expense ratio of 0.50% while TAX charges 0.54%. ITAN is the cheaper option, by $4 a year on a $10,000 investment.
Which performed better, ITAN or TAX?
Over the past year ITAN returned +28.38% vs +8.84% for TAX, so ITAN leads on 1-year performance. Over the longest common window we track (2 years), ITAN annualized +22.06% vs +12.67% for TAX. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ITAN or TAX?
ITAN has been the more volatile fund at 13.9% annualized versus 12.8% for TAX. Worst drawdown: ITAN -20.5% vs TAX -18.9%.
Should I hold both ITAN and TAX?
ITAN and TAX have a monthly-return correlation of 0.80, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between ITAN and TAX?
24.8% of TAX's money is in holdings ITAN also owns. 24.8% of TAX's is in holdings ITAN also owns. They hold 24 positions in common, counted across the 154 positions we hold weights for in ITAN and 98 in TAX.
Which pays a higher dividend, ITAN or TAX?
ITAN yields 1.01% while TAX yields 0.32%, so ITAN currently pays the higher dividend yield.
Is TAX better than ITAN?
ITAN has a lower expense ratio. ITAN led over 1Y and the full window. TAX is less concentrated, with 17.5% of the fund in its ten largest positions against 22.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.