CAOS vs. BTAL
Compare and contrast key facts about Alpha Architect Tail Risk ETF (CAOS) and AGFiQ US Market Neutral Anti-Beta Fund (BTAL).
CAOS and BTAL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CAOS is an actively managed fund by Alpha Architect. It was launched on Aug 14, 2013. BTAL is a passively managed fund by AGF that tracks the performance of the Dow Jones U.S. Thematic Market Neutral Anti-Beta Total Return Index. It was launched on Sep 13, 2011.
Performance
CAOS vs. BTAL - Performance Comparison
Loading graphics...
CAOS vs. BTAL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CAOS Alpha Architect Tail Risk ETF | 1.10% | 2.55% | 5.33% | 7.97% |
BTAL AGFiQ US Market Neutral Anti-Beta Fund | -2.99% | -20.17% | 12.83% | -7.38% |
Returns By Period
In the year-to-date period, CAOS achieves a 1.10% return, which is significantly higher than BTAL's -2.99% return.
CAOS
- 1D
- 0.07%
- 1M
- 0.43%
- YTD
- 1.10%
- 6M
- 1.37%
- 1Y
- 3.19%
- 3Y*
- 5.46%
- 5Y*
- —
- 10Y*
- —
BTAL
- 1D
- -2.72%
- 1M
- -0.85%
- YTD
- -2.99%
- 6M
- -10.10%
- 1Y
- -31.33%
- 3Y*
- -8.29%
- 5Y*
- -1.50%
- 10Y*
- -3.16%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
CAOS vs. BTAL - Expense Ratio Comparison
CAOS has a 0.63% expense ratio, which is lower than BTAL's 2.11% expense ratio.
Return for Risk
CAOS vs. BTAL — Risk / Return Rank
CAOS
BTAL
CAOS vs. BTAL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alpha Architect Tail Risk ETF (CAOS) and AGFiQ US Market Neutral Anti-Beta Fund (BTAL). 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.
| CAOS | BTAL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.69 | -1.40 | +2.08 |
Sortino ratioReturn per unit of downside risk | 0.97 | -2.13 | +3.10 |
Omega ratioGain probability vs. loss probability | 1.26 | 0.77 | +0.48 |
Calmar ratioReturn relative to maximum drawdown | 0.83 | -0.88 | +1.71 |
Martin ratioReturn relative to average drawdown | 1.38 | -1.20 | +2.57 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| CAOS | BTAL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.69 | -1.40 | +2.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.08 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.19 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.27 | -0.17 | +1.44 |
Correlation
The correlation between CAOS and BTAL is 0.01, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
CAOS vs. BTAL - Dividend Comparison
CAOS has not paid dividends to shareholders, while BTAL's dividend yield for the trailing twelve months is around 2.56%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
CAOS Alpha Architect Tail Risk ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BTAL AGFiQ US Market Neutral Anti-Beta Fund | 2.56% | 2.49% | 3.49% | 6.14% | 1.01% | 0.00% | 0.00% | 0.88% | 0.39% |
Drawdowns
CAOS vs. BTAL - Drawdown Comparison
The maximum CAOS drawdown since its inception was -3.60%, smaller than the maximum BTAL drawdown of -41.01%. Use the drawdown chart below to compare losses from any high point for CAOS and BTAL.
Loading graphics...
Drawdown Indicators
| CAOS | BTAL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.60% | -41.01% | +37.41% |
Max Drawdown (1Y)Largest decline over 1 year | -3.60% | -34.94% | +31.34% |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.94% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.01% | — |
Current DrawdownCurrent decline from peak | -0.80% | -39.53% | +38.73% |
Average DrawdownAverage peak-to-trough decline | -0.90% | -21.67% | +20.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.18% | 25.64% | -23.46% |
Volatility
CAOS vs. BTAL - Volatility Comparison
The current volatility for Alpha Architect Tail Risk ETF (CAOS) is 0.74%, while AGFiQ US Market Neutral Anti-Beta Fund (BTAL) has a volatility of 6.87%. This indicates that CAOS experiences smaller price fluctuations and is considered to be less risky than BTAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| CAOS | BTAL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 6.87% | -6.13% |
Volatility (6M)Calculated over the trailing 6-month period | 1.30% | 15.84% | -14.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.68% | 22.51% | -17.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.37% | 18.36% | -13.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.37% | 17.04% | -12.67% |