CAOS vs. SHY
Compare and contrast key facts about Alpha Architect Tail Risk ETF (CAOS) and iShares 1-3 Year Treasury Bond ETF (SHY).
CAOS and SHY 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. SHY is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 1-3 Year Treasury Bond Index. It was launched on Jul 22, 2002.
Performance
CAOS vs. SHY - Performance Comparison
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CAOS vs. SHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CAOS Alpha Architect Tail Risk ETF | 1.10% | 2.55% | 5.33% | 7.97% |
SHY iShares 1-3 Year Treasury Bond ETF | 0.27% | 4.95% | 3.92% | 4.34% |
Returns By Period
In the year-to-date period, CAOS achieves a 1.10% return, which is significantly higher than SHY's 0.27% return.
CAOS
- 1D
- 0.07%
- 1M
- 0.43%
- YTD
- 1.10%
- 6M
- 1.37%
- 1Y
- 3.19%
- 3Y*
- 5.46%
- 5Y*
- —
- 10Y*
- —
SHY
- 1D
- 0.08%
- 1M
- -0.47%
- YTD
- 0.27%
- 6M
- 1.34%
- 1Y
- 3.61%
- 3Y*
- 3.88%
- 5Y*
- 1.70%
- 10Y*
- 1.65%
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CAOS vs. SHY - Expense Ratio Comparison
CAOS has a 0.63% expense ratio, which is higher than SHY's 0.15% expense ratio.
Return for Risk
CAOS vs. SHY — Risk / Return Rank
CAOS
SHY
CAOS vs. SHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alpha Architect Tail Risk ETF (CAOS) and iShares 1-3 Year Treasury Bond ETF (SHY). 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 | SHY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.69 | 2.50 | -1.82 |
Sortino ratioReturn per unit of downside risk | 0.97 | 4.12 | -3.15 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.52 | -0.27 |
Calmar ratioReturn relative to maximum drawdown | 0.83 | 4.15 | -3.32 |
Martin ratioReturn relative to average drawdown | 1.38 | 16.03 | -14.65 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CAOS | SHY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.69 | 2.50 | -1.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.87 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.06 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.27 | 1.29 | -0.02 |
Correlation
The correlation between CAOS and SHY is 0.02, 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. SHY - Dividend Comparison
CAOS has not paid dividends to shareholders, while SHY's dividend yield for the trailing twelve months is around 3.75%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CAOS Alpha Architect Tail Risk ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SHY iShares 1-3 Year Treasury Bond ETF | 3.75% | 3.81% | 3.92% | 2.99% | 1.30% | 0.26% | 0.94% | 2.12% | 1.72% | 0.98% | 0.71% | 0.54% |
Drawdowns
CAOS vs. SHY - Drawdown Comparison
The maximum CAOS drawdown since its inception was -3.60%, smaller than the maximum SHY drawdown of -5.71%. Use the drawdown chart below to compare losses from any high point for CAOS and SHY.
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Drawdown Indicators
| CAOS | SHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.60% | -5.71% | +2.11% |
Max Drawdown (1Y)Largest decline over 1 year | -3.60% | -0.89% | -2.71% |
Max Drawdown (5Y)Largest decline over 5 years | — | -5.71% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -5.71% | — |
Current DrawdownCurrent decline from peak | -0.80% | -0.47% | -0.33% |
Average DrawdownAverage peak-to-trough decline | -0.90% | -0.52% | -0.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.18% | 0.23% | +1.95% |
Volatility
CAOS vs. SHY - Volatility Comparison
Alpha Architect Tail Risk ETF (CAOS) has a higher volatility of 0.74% compared to iShares 1-3 Year Treasury Bond ETF (SHY) at 0.58%. This indicates that CAOS's price experiences larger fluctuations and is considered to be riskier than SHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CAOS | SHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 0.58% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 1.30% | 0.89% | +0.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.68% | 1.45% | +3.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.37% | 1.97% | +2.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.37% | 1.56% | +2.81% |