BAMA vs. CAOS

Last updated Jun 3, 2026

BAMA (Brookstone Active ETF) and CAOS (Alpha Architect Tail Risk ETF) are both exchange-traded funds - BAMA is a Diversified Portfolio fund actively managed by Brookstone, while CAOS is a Options Trading fund actively managed by Alpha Architect. Both are actively managed. Over the past year, BAMA returned 21.76% vs 1.88% for CAOS. At a correlation of -0.10, they often move in opposite directions. BAMA charges 1.15%/yr vs 0.63%/yr for CAOS.

Performance

BAMA vs. CAOS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Brookstone Active ETF (BAMA) and Alpha Architect Tail Risk ETF (CAOS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BAMA achieves a 9.45% return, which is significantly higher than CAOS's 0.82% return.

BAMA

• 1D: 0.18%
• 1M: 4.38%
• YTD: 9.45%
• 6M: 10.10%
• 1Y: 21.76%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CAOS

• 1D: 0.12%
• 1M: -0.09%
• YTD: 0.82%
• 6M: 0.69%
• 1Y: 1.88%
• 3Y*: 4.26%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BAMA vs. CAOS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BAMA Brookstone Active ETF	9.45%	12.61%	14.99%	8.02%
CAOS Alpha Architect Tail Risk ETF	0.82%	2.55%	5.33%	2.31%

Correlation

The correlation between BAMA and CAOS is -0.34, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.35
Correlation (All Time) Calculated using the full available price history since Sep 29, 2023	-0.10

Over the past year, the inverse relationship between BAMA and CAOS has strengthened: their correlation has moved from -0.10 to -0.34, meaning they now move in opposite directions more often than their long-term average.

BAMA vs. CAOS - Sectors Allocation Comparison

Sectors	BAMA	CAOS
Technology	36.8%	33.1%
Financial Services	13.7%	12.4%
Communication Services	11.3%	10.4%
Consumer Cyclical	9.5%	10.0%
Industrials	9.5%	8.5%
Healthcare	6.9%	9.6%
Consumer Defensive	3.5%	5.4%
Basic Materials	2.9%	1.9%
Energy	2.5%	4.1%
Utilities	1.9%	2.6%
Real Estate	1.6%	2.0%

Return for Risk

BAMA vs. CAOS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BAMA

BAMA Risk / Return Rank: 70
BAMA Sharpe Ratio Rank: 71
BAMA Sortino Ratio Rank: 75
BAMA Omega Ratio Rank: 74
BAMA Calmar Ratio Rank: 60
BAMA Martin Ratio Rank: 72

CAOS

CAOS Risk / Return Rank: 40
CAOS Sharpe Ratio Rank: 34
CAOS Sortino Ratio Rank: 37
CAOS Omega Ratio Rank: 39
CAOS Calmar Ratio Rank: 49
CAOS Martin Ratio Rank: 39

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BAMA vs. CAOS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Brookstone Active ETF (BAMA) 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.

	BAMA	CAOS	Difference
Sharpe ratio Return per unit of total volatility	2.39	1.24	+1.15
Sortino ratio Return per unit of downside risk	3.45	1.98	+1.47
Omega ratio Gain probability vs. loss probability	1.45	1.26	+0.19
Calmar ratio Return relative to maximum drawdown	3.00	2.49	+0.51
Martin ratio Return relative to average drawdown	13.81	6.22	+7.59
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BAMA vs. CAOS - Sharpe Ratio Comparison

The current BAMA Sharpe Ratio is 2.39, which is higher than the CAOS Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of BAMA and CAOS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BAMA	CAOS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.39	1.24	+1.15
Sharpe Ratio (All Time) Calculated using the full available price history	1.70	1.21	+0.49

Drawdowns

BAMA vs. CAOS - Drawdown Comparison

The maximum BAMA drawdown since its inception was -12.27%, which is greater than CAOS's maximum drawdown of -3.60%. Use the drawdown chart below to compare losses from any high point for BAMA and CAOS.

Drawdown Indicators

	BAMA	CAOS	Difference
Max Drawdown Largest peak-to-trough decline	-12.27%	-3.60%	-8.67%
Max Drawdown (1Y) Largest decline over 1 year	-7.35%	-0.76%	-6.59%
Max Drawdown (3Y) Largest decline over 3 years	—	-3.60%	—
Current Drawdown Current decline from peak	0.00%	-1.07%	+1.07%
Average Drawdown Average peak-to-trough decline	-1.26%	-0.90%	-0.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.60%	0.30%	+1.30%

Volatility

BAMA vs. CAOS - Volatility Comparison

Brookstone Active ETF (BAMA) has a higher volatility of 3.10% compared to Alpha Architect Tail Risk ETF (CAOS) at 0.26%. This indicates that BAMA's price experiences larger fluctuations and is considered to be riskier than CAOS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BAMA	CAOS	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.10%	0.26%	+2.84%
Volatility (6M) Calculated over the trailing 6-month period	7.69%	1.03%	+6.66%
Volatility (1Y) Calculated over the trailing 1-year period	9.14%	1.52%	+7.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.22%	4.26%	+5.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.22%	4.26%	+5.96%

BAMA vs. CAOS - Expense Ratio Comparison

BAMA has a 1.15% expense ratio, which is higher than CAOS's 0.63% expense ratio.

Dividends

BAMA vs. CAOS - Dividend Comparison

BAMA's dividend yield for the trailing twelve months is around 1.30%, while CAOS has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
BAMA Brookstone Active ETF	1.30%	1.54%	1.49%	0.45%
CAOS Alpha Architect Tail Risk ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BAMA and CAOS in my portfolio?

BAMA and CAOS have a correlation of -0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BAMA or CAOS?

BAMA has higher volatility (3.10%) compared to CAOS (0.26%). In terms of maximum drawdown, BAMA dropped -12.27% vs CAOS's -3.60%.

Which ETF is better, BAMA or CAOS?

On 1-year performance, BAMA leads with 21.76% vs 1.88% for CAOS. On fees, CAOS is cheaper at 0.63% per year. On volatility, CAOS has been the lower-risk option at 0.26%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BAMA or CAOS?

Over the 1-year period, BAMA has performed better with a 21.76% return vs 1.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BAMA or CAOS?

CAOS is cheaper with a 0.63% expense ratio, compared with 1.15% for BAMA.

Which ETF pays a higher dividend yield, BAMA or CAOS?

BAMA has the higher dividend yield at 1.30%, compared with 0.00% for CAOS.

What is the main difference between BAMA and CAOS?

BAMA is categorized as Diversified Portfolio, while CAOS is Options Trading. They also come from different issuers: Brookstone and Alpha Architect. Their fees differ too: 1.15% for BAMA and 0.63% for CAOS.

Which has better risk-adjusted returns?

BAMA currently has the higher Sharpe Ratio (2.39 vs 1.24), 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.