CAOS vs. VGIT
CAOS (Alpha Architect Tail Risk ETF) and VGIT (Vanguard Intermediate-Term Treasury ETF) are both exchange-traded funds - CAOS is a Options Trading fund actively managed by Alpha Architect, while VGIT is a Government Bonds fund tracking the Bloomberg U.S. Treasury 3-10 Year Index. CAOS is actively managed, while VGIT is passively managed. Over the past 3 years, CAOS returned 4.15%/yr vs 3.40%/yr for VGIT. At a 0.01 correlation, their price movements are largely independent. CAOS charges 0.63%/yr vs 0.03%/yr for VGIT.
Performance
CAOS vs. VGIT - Performance Comparison
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Returns By Period
In the year-to-date period, CAOS achieves a 0.81% return, which is significantly higher than VGIT's -0.78% return.
CAOS
- 1D
- -0.09%
- 1M
- -0.08%
- YTD
- 0.81%
- 6M
- 0.65%
- 1Y
- 1.88%
- 3Y*
- 4.15%
- 5Y*
- —
- 10Y*
- —
VGIT
- 1D
- -0.05%
- 1M
- -0.87%
- YTD
- -0.78%
- 6M
- -0.42%
- 1Y
- 3.55%
- 3Y*
- 3.40%
- 5Y*
- -0.07%
- 10Y*
- 1.16%
CAOS vs. VGIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CAOS Alpha Architect Tail Risk ETF | 0.81% | 2.55% | 5.33% | 7.97% |
VGIT Vanguard Intermediate-Term Treasury ETF | -0.78% | 7.34% | 1.39% | 4.88% |
Correlation
The correlation between CAOS and VGIT is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Mar 7, 2023 | 0.01 |
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Return for Risk
CAOS vs. VGIT — Risk / Return Rank
CAOS
VGIT
CAOS vs. VGIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alpha Architect Tail Risk ETF (CAOS) and Vanguard Intermediate-Term Treasury ETF (VGIT). 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 | VGIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.19 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.49 | 1.26 | +1.23 |
| Martin ratioReturn relative to average drawdown | 6.17 | 3.66 | +2.50 |
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 | VGIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.23 | 1.08 | +0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.01 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.26 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.21 | 0.49 | +0.72 |
Drawdowns
CAOS vs. VGIT - Drawdown Comparison
The maximum CAOS drawdown since its inception was -3.60%, smaller than the maximum VGIT drawdown of -16.05%. Use the drawdown chart below to compare losses from any high point for CAOS and VGIT.
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Drawdown Indicators
| CAOS | VGIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.60% | -16.05% | +12.45% |
Max Drawdown (1Y)Largest decline over 1 year | -0.76% | -2.83% | +2.07% |
Max Drawdown (3Y)Largest decline over 3 years | -3.60% | -4.34% | +0.74% |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.02% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.05% | — |
Current DrawdownCurrent decline from peak | -1.08% | -2.71% | +1.63% |
Average DrawdownAverage peak-to-trough decline | -0.90% | -3.52% | +2.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.31% | 0.97% | -0.66% |
Volatility
CAOS vs. VGIT - Volatility Comparison
The current volatility for Alpha Architect Tail Risk ETF (CAOS) is 0.29%, while Vanguard Intermediate-Term Treasury ETF (VGIT) has a volatility of 1.05%. This indicates that CAOS experiences smaller price fluctuations and is considered to be less risky than VGIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CAOS | VGIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.29% | 1.05% | -0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 1.04% | 2.36% | -1.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.53% | 3.32% | -1.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.25% | 5.38% | -1.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.25% | 4.50% | -0.25% |
CAOS vs. VGIT - Expense Ratio Comparison
CAOS has a 0.63% expense ratio, which is higher than VGIT's 0.03% expense ratio.
Dividends
CAOS vs. VGIT - Dividend Comparison
CAOS has not paid dividends to shareholders, while VGIT's dividend yield for the trailing twelve months is around 3.88%.
| Position | 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% |
VGIT Vanguard Intermediate-Term Treasury ETF | 3.88% | 3.79% | 3.67% | 2.73% | 1.74% | 1.69% | 2.23% | 2.24% | 2.05% | 1.67% | 1.69% | 1.69% |
Frequently Asked Questions
CAOS and VGIT have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VGIT has higher volatility (1.05%) compared to CAOS (0.29%). In terms of maximum drawdown, CAOS dropped -3.60% vs VGIT's -16.05%.
On 3-year performance, CAOS leads with 4.15% vs 3.40% for VGIT. On fees, VGIT is cheaper at 0.03% per year. On volatility, CAOS has been the lower-risk option at 0.29%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, CAOS has performed better with a 4.15% return vs 3.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VGIT is cheaper with a 0.03% expense ratio, compared with 0.63% for CAOS.
VGIT has the higher dividend yield at 3.88%, compared with 0.00% for CAOS.
CAOS is categorized as Options Trading, while VGIT is Government Bonds. They also come from different issuers: Alpha Architect and Vanguard. Their fees differ too: 0.63% for CAOS and 0.03% for VGIT.
CAOS currently has the higher Sharpe Ratio (1.23 vs 1.08), 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.
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