ENDW vs. TAIL

Last updated Apr 1, 2026

Compare and contrast key facts about Cambria Endowment Style ETF (ENDW) and Cambria Tail Risk ETF (TAIL).

ENDW and TAIL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ENDW is an actively managed fund by Cambria. It was launched on Apr 9, 2025. TAIL is an actively managed fund by Cambria. It was launched on Apr 5, 2017.

Performance

ENDW vs. TAIL - Performance Comparison

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

ENDW vs. TAIL - Yearly Performance Comparison

	2026 (YTD)	2025
ENDW Cambria Endowment Style ETF	3.42%	30.77%
TAIL Cambria Tail Risk ETF	1.76%	-11.90%

Returns By Period

In the year-to-date period, ENDW achieves a 3.42% return, which is significantly higher than TAIL's 1.76% return.

ENDW

• 1D: 1.81%
• 1M: -4.20%
• YTD: 3.42%
• 6M: 7.27%
• 1Y: —
• 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)

ENDW vs. TAIL - Expense Ratio Comparison

ENDW has a 0.29% expense ratio, which is lower than TAIL's 0.59% expense ratio.

TAIL

Cambria Tail Risk ETF

ENDW

Cambria Endowment Style ETF

Return for Risk

ENDW vs. TAIL — Risk / Return Rank

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

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.

ENDW vs. TAIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cambria Endowment Style ETF (ENDW) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	ENDW	TAIL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.10	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.47	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.24	-0.43	+3.67

Correlation

The correlation between ENDW and TAIL is -0.52. 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

ENDW vs. TAIL - Dividend Comparison

ENDW's dividend yield for the trailing twelve months is around 2.34%, less than TAIL's 3.22% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
ENDW Cambria Endowment Style ETF	2.34%	1.91%	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

ENDW vs. TAIL - Drawdown Comparison

The maximum ENDW drawdown since its inception was -6.44%, smaller than the maximum TAIL drawdown of -52.36%. Use the drawdown chart below to compare losses from any high point for ENDW and TAIL.

Drawdown Indicators

	ENDW	TAIL	Difference
Max Drawdown Largest peak-to-trough decline	-6.44%	-52.36%	+45.92%
Max Drawdown (1Y) Largest decline over 1 year	—	-16.24%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-38.44%	—
Current Drawdown Current decline from peak	-4.36%	-47.46%	+43.10%
Average Drawdown Average peak-to-trough decline	-0.82%	-28.71%	+27.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	13.30%	—

Volatility

Volatility by Period

	ENDW	TAIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.44%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.09%	—
Volatility (1Y) Calculated over the trailing 1-year period	11.36%	17.83%	-6.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.36%	14.90%	-3.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.36%	15.06%	-3.70%