DISO vs. CAOS
DISO (YieldMax DIS Option Income Strategy ETF) and CAOS (Alpha Architect Tail Risk ETF) are both exchange-traded funds - DISO is a Derivative Income fund actively managed by YieldMax, while CAOS is a Options Trading fund actively managed by Alpha Architect. Both are actively managed. Their -0.03 correlation means they have often moved in opposite directions in the past. DISO charges 1.01%/yr vs 0.63%/yr for CAOS.
Performance
DISO vs. CAOS - Performance Comparison
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Returns By Period
DISO
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
CAOS
- 1D
- -0.06%
- 1M
- -0.01%
- 6M
- 0.16%
- YTD
- 0.76%
- 1Y
- 1.73%
- 3Y*
- 3.48%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.70%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $6.81M | $5.39M | $5.09M |
DISO vs. CAOS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
DISO YieldMax DIS Option Income Strategy ETF | -10.18% | 2.12% | 14.56% | 9.17% |
CAOS Alpha Architect Tail Risk ETF | 0.76% | 2.55% | 5.33% | 2.24% |
Correlation
The correlation between DISO and CAOS is -0.16, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.16 |
Correlation (All Time) Calculated using the full available price history since Aug 25, 2023 | -0.03 |
The correlation between DISO and CAOS shifts across timeframes, from -0.16 (1 year) to -0.03 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DISO vs. CAOS — Risk / Return Rank
DISO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CAOS
DISO vs. CAOS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax DIS Option Income Strategy ETF (DISO) and Alpha Architect Tail Risk ETF (CAOS). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DISO | CAOS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.24 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.47 | — |
| Martin ratioReturn relative to average drawdown | — | 5.45 | — |
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Drawdowns
DISO vs. CAOS - Drawdown Comparison
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Drawdown Indicators
| DISO | CAOS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -3.89% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -0.76% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -3.60% | — |
Current DrawdownCurrent decline from peak | — | -1.13% | — |
Average DrawdownAverage peak-to-trough decline | — | -0.92% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.34% | — |
Volatility
DISO vs. CAOS - Volatility Comparison
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Volatility by Period
| DISO | CAOS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.51% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 1.07% | — |
Volatility (1Y)Calculated over the trailing 1-year period | — | 1.57% | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | — | 4.18% | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | — | 4.18% | — |
DISO vs. CAOS - Expense Ratio Comparison
DISO has a 1.01% expense ratio, which is higher than CAOS's 0.63% expense ratio.
Dividends
DISO vs. CAOS - Dividend Comparison
Neither DISO nor CAOS has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
CAOS Alpha Architect Tail Risk ETF | 0.00% | 0.00% | 0.00% | 0.00% |
DISO YieldMax DIS Option Income Strategy ETF | 32.86% | 38.87% | 37.33% | 6.87% |
Frequently Asked Questions
DISO and CAOS have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CAOS is cheaper at 0.63% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CAOS is cheaper with a 0.63% expense ratio, compared with 1.01% for DISO.
DISO has the higher dividend yield at 32.86%, compared with 0.00% for CAOS.
DISO is categorized as Derivative Income, while CAOS is Options Trading. They also come from different issuers: YieldMax and Alpha Architect. Their fees differ too: 1.01% for DISO and 0.63% for CAOS.
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