ESBG vs. CAOS
ESBG (First Trust Enhanced Stocks, Bonds & Gold ETF) and CAOS (Alpha Architect Tail Risk ETF) are both exchange-traded funds - ESBG is a Tactical Allocation fund actively managed by First Trust, while CAOS is a Options Trading fund actively managed by Alpha Architect. Both are actively managed. Their -0.16 correlation means they have often moved in opposite directions in the past. ESBG charges 0.95%/yr vs 0.63%/yr for CAOS.
Performance
ESBG vs. CAOS - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ESBG achieves a -2.79% return, which is significantly lower than CAOS's 0.76% return.
ESBG
- 1D
- -0.46%
- 1M
- -2.07%
- 6M
- -11.15%
- YTD
- -2.79%
- 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 | |
| $3.83K | $6.10K | $15.77K |
ESBG vs. CAOS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ESBG First Trust Enhanced Stocks, Bonds & Gold ETF | -2.79% | 5.67% |
CAOS Alpha Architect Tail Risk ETF | 0.76% | -0.36% |
Correlation
The correlation between ESBG 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 (All Time) Calculated using the full available price history since Nov 19, 2025 | -0.16 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ESBG vs. CAOS — Risk / Return Rank
ESBG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CAOS
ESBG vs. CAOS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Enhanced Stocks, Bonds & Gold ETF (ESBG) 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.
| ESBG | 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 | — |
Loading charts...
Drawdowns
ESBG vs. CAOS - Drawdown Comparison
The maximum ESBG drawdown since its inception was -18.84%, which is greater than CAOS's maximum drawdown of -3.89%. Use the drawdown chart below to compare losses from any high point for ESBG and CAOS.
Loading charts...
Drawdown Indicators
| ESBG | CAOS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.84% | -3.89% | -14.95% |
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 | -17.57% | -1.13% | -16.44% |
Average DrawdownAverage peak-to-trough decline | -8.52% | -0.92% | -7.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.34% | — |
Volatility
ESBG vs. CAOS - Volatility Comparison
Loading charts...
Volatility by Period
| ESBG | 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 | 25.17% | 1.57% | +23.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.17% | 4.18% | +20.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.17% | 4.18% | +20.99% |
ESBG vs. CAOS - Expense Ratio Comparison
ESBG has a 0.95% expense ratio, which is higher than CAOS's 0.63% expense ratio.
Dividends
ESBG vs. CAOS - Dividend Comparison
ESBG's dividend yield for the trailing twelve months is around 1.12%, while CAOS has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
CAOS Alpha Architect Tail Risk ETF | 0.00% | 0.00% |
ESBG First Trust Enhanced Stocks, Bonds & Gold ETF | 1.12% | 0.24% |
Frequently Asked Questions
ESBG 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 0.95% for ESBG.
ESBG has the higher dividend yield at 1.12%, compared with 0.00% for CAOS.
ESBG is categorized as Tactical Allocation, while CAOS is Options Trading. They also come from different issuers: First Trust and Alpha Architect. Their fees differ too: 0.95% for ESBG and 0.63% for CAOS.
Find the right allocation for ESBG and CAOS
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer