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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CAOS or SHY.
Key characteristics
| CAOS | SHY | |
|---|---|---|
| YTD Return | 4.73% | 3.17% |
| 1Y Return | 5.19% | 5.10% |
| Sharpe Ratio | 1.71 | 2.68 |
| Sortino Ratio | 2.67 | 4.33 |
| Omega Ratio | 1.60 | 1.56 |
| Calmar Ratio | 2.50 | 2.07 |
| Martin Ratio | 7.83 | 14.45 |
| Ulcer Index | 0.66% | 0.36% |
| Daily Std Dev | 3.03% | 1.92% |
| Max Drawdown | -3.41% | -5.71% |
| Current Drawdown | -0.29% | -0.97% |
Correlation
The correlation between CAOS and SHY is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
CAOS vs. SHY - Performance Comparison
In the year-to-date period, CAOS achieves a 4.73% return, which is significantly higher than SHY's 3.17% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
Risk-Adjusted Performance
CAOS vs. SHY - Risk-Adjusted Performance 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.
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 3.87%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | 3.87% | 2.99% | 1.30% | 0.26% | 0.94% | 2.12% | 1.72% | 0.98% | 0.72% | 0.54% | 0.36% | 0.26% |
Drawdowns
CAOS vs. SHY - Drawdown Comparison
The maximum CAOS drawdown since its inception was -3.41%, 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. For additional features, visit the drawdowns tool.
Volatility
CAOS vs. SHY - Volatility Comparison
Alpha Architect Tail Risk ETF (CAOS) and iShares 1-3 Year Treasury Bond ETF (SHY) have volatilities of 0.36% and 0.36%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.