AAEQ vs. CAOS
AAEQ (Alpha Architect US Equity 2 ETF) and CAOS (Alpha Architect Tail Risk ETF) are both exchange-traded funds - AAEQ is a Large Cap Blend Equities fund actively managed by Alpha Architect, while CAOS is a Options Trading fund actively managed by Alpha Architect. Both are actively managed. Their -0.39 correlation means they have often moved in opposite directions in the past. AAEQ charges 0.15%/yr vs 0.63%/yr for CAOS.
Performance
AAEQ vs. CAOS - Performance Comparison
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Returns By Period
In the year-to-date period, AAEQ achieves a 11.53% return, which is significantly higher than CAOS's 0.65% return.
AAEQ
- 1D
- -0.11%
- 1M
- 2.83%
- 6M
- 12.87%
- YTD
- 11.53%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
CAOS
- 1D
- -0.04%
- 1M
- 0.02%
- 6M
- -0.03%
- YTD
- 0.65%
- 1Y
- 1.61%
- 3Y*
- 3.53%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.65%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $24.64K | $18.70K | $31.51K | |
| $6.99M | $5.50M | $4.97M |
AAEQ vs. CAOS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AAEQ Alpha Architect US Equity 2 ETF | 11.53% | -1.11% |
CAOS Alpha Architect Tail Risk ETF | 0.65% | -0.12% |
Correlation
The correlation between AAEQ and CAOS is -0.39, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 10, 2025 | -0.39 |
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Return for Risk
AAEQ vs. CAOS — Risk / Return Rank
AAEQ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CAOS
AAEQ vs. CAOS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alpha Architect US Equity 2 ETF (AAEQ) and Alpha Architect Tail Risk ETF (CAOS). 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.
| AAEQ | CAOS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.21 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.14 | — |
| Martin ratioReturn relative to average drawdown | — | 4.66 | — |
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Drawdowns
AAEQ vs. CAOS - Drawdown Comparison
The maximum AAEQ drawdown since its inception was -10.26%, which is greater than CAOS's maximum drawdown of -3.89%. Use the drawdown chart below to compare losses from any high point for AAEQ and CAOS.
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Drawdown Indicators
| AAEQ | CAOS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.26% | -3.89% | -6.37% |
Max Drawdown (1Y)Largest decline over 1 year | — | -0.76% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -3.60% | — |
Current DrawdownCurrent decline from peak | -0.11% | -1.24% | +1.13% |
Average DrawdownAverage peak-to-trough decline | -2.32% | -0.92% | -1.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.35% | — |
Volatility
AAEQ vs. CAOS - Volatility Comparison
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Volatility by Period
| AAEQ | CAOS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.37% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 1.07% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 14.08% | 1.56% | +12.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.08% | 4.17% | +9.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.08% | 4.17% | +9.91% |
AAEQ vs. CAOS - Expense Ratio Comparison
AAEQ has a 0.15% expense ratio, which is lower than CAOS's 0.63% expense ratio.
Dividends
AAEQ vs. CAOS - Dividend Comparison
AAEQ's dividend yield for the trailing twelve months is around 0.09%, while CAOS has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
AAEQ Alpha Architect US Equity 2 ETF | 0.09% | 0.10% |
CAOS Alpha Architect Tail Risk ETF | 0.00% | 0.00% |
Frequently Asked Questions
AAEQ and CAOS have a correlation of -0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AAEQ is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AAEQ is cheaper with a 0.15% expense ratio, compared with 0.63% for CAOS.
AAEQ has the higher dividend yield at 0.09%, compared with 0.00% for CAOS.
AAEQ is categorized as Large Cap Blend Equities, while CAOS is Options Trading. Their fees differ too: 0.15% for AAEQ and 0.63% for CAOS.
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