CFIT vs. TAIL

Last updated Apr 2, 2026

Compare and contrast key facts about Cambria Fixed Income Trend ETF (CFIT) and Cambria Tail Risk ETF (TAIL).

CFIT and TAIL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CFIT is an actively managed fund by Cambria. It was launched on Mar 27, 2025. TAIL is an actively managed fund by Cambria. It was launched on Apr 5, 2017.

Performance

CFIT vs. TAIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cambria Fixed Income Trend ETF (CFIT) and Cambria Tail Risk ETF (TAIL). The values are adjusted to include any dividend payments, if applicable.

CFIT vs. TAIL - Yearly Performance Comparison

	2026 (YTD)	2025
CFIT Cambria Fixed Income Trend ETF	0.16%	3.59%
TAIL Cambria Tail Risk ETF	1.76%	-0.00%

Returns By Period

In the year-to-date period, CFIT achieves a 0.16% return, which is significantly lower than TAIL's 1.76% return.

CFIT

• 1D: 0.40%
• 1M: -2.74%
• YTD: 0.16%
• 6M: 0.17%
• 1Y: 3.60%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TAIL

• 1D: -0.81%
• 1M: 0.32%
• YTD: 1.76%
• 6M: -0.24%
• 1Y: 1.75%
• 3Y*: -4.58%
• 5Y*: -6.94%
• 10Y*: —

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

CFIT vs. TAIL - Expense Ratio Comparison

CFIT has a 0.71% expense ratio, which is higher than TAIL's 0.59% expense ratio.

CFIT

Cambria Fixed Income Trend ETF

TAIL

Cambria Tail Risk ETF

Return for Risk

CFIT vs. TAIL — Risk / Return Rank

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

CFIT

CFIT Risk / Return Rank: 28
CFIT Sharpe Ratio Rank: 32
CFIT Sortino Ratio Rank: 29
CFIT Omega Ratio Rank: 27
CFIT Calmar Ratio Rank: 30
CFIT Martin Ratio Rank: 24

TAIL

TAIL Risk / Return Rank: 14
TAIL Sharpe Ratio Rank: 14
TAIL Sortino Ratio Rank: 14
TAIL Omega Ratio Rank: 15
TAIL Calmar Ratio Rank: 14
TAIL Martin Ratio Rank: 13

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.

CFIT vs. TAIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cambria Fixed Income Trend ETF (CFIT) and Cambria Tail Risk ETF (TAIL). 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.

	CFIT	TAIL	Difference
Sharpe ratio Return per unit of total volatility	0.66	0.10	+0.57
Sortino ratio Return per unit of downside risk	0.93	0.30	+0.62
Omega ratio Gain probability vs. loss probability	1.12	1.05	+0.08
Calmar ratio Return relative to maximum drawdown	0.89	0.11	+0.78
Martin ratio Return relative to average drawdown	2.12	0.13	+1.99
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CFIT vs. TAIL - Sharpe Ratio Comparison

The current CFIT Sharpe Ratio is 0.66, which is higher than the TAIL Sharpe Ratio of 0.10. The chart below compares the historical Sharpe Ratios of CFIT and TAIL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CFIT	TAIL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.66	0.10	+0.57
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.47	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	-0.43	+1.12

Correlation

The correlation between CFIT and TAIL is -0.27. 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.

Dividends

CFIT vs. TAIL - Dividend Comparison

CFIT's dividend yield for the trailing twelve months is around 4.31%, more than TAIL's 3.22% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
CFIT Cambria Fixed Income Trend ETF	4.31%	3.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TAIL Cambria Tail Risk ETF	3.22%	2.88%	3.48%	3.74%	1.50%	0.49%	0.36%	1.58%	1.52%	0.91%

Drawdowns

CFIT vs. TAIL - Drawdown Comparison

The maximum CFIT drawdown since its inception was -4.23%, smaller than the maximum TAIL drawdown of -52.36%. Use the drawdown chart below to compare losses from any high point for CFIT and TAIL.

Drawdown Indicators

	CFIT	TAIL	Difference
Max Drawdown Largest peak-to-trough decline	-4.23%	-52.36%	+48.13%
Max Drawdown (1Y) Largest decline over 1 year	-4.23%	-16.24%	+12.01%
Max Drawdown (5Y) Largest decline over 5 years	—	-38.44%	—
Current Drawdown Current decline from peak	-3.01%	-47.46%	+44.45%
Average Drawdown Average peak-to-trough decline	-1.32%	-28.71%	+27.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.76%	13.30%	-11.54%

Volatility

CFIT vs. TAIL - Volatility Comparison

The current volatility for Cambria Fixed Income Trend ETF (CFIT) is 2.90%, while Cambria Tail Risk ETF (TAIL) has a volatility of 4.44%. This indicates that CFIT experiences smaller price fluctuations and is considered to be less risky than TAIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CFIT	TAIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.90%	4.44%	-1.54%
Volatility (6M) Calculated over the trailing 6-month period	4.46%	7.09%	-2.63%
Volatility (1Y) Calculated over the trailing 1-year period	5.45%	17.83%	-12.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.44%	14.90%	-9.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.44%	15.06%	-9.62%