FAIL vs. TAIL
Compare and contrast key facts about Cambria Global Tail Risk ETF (FAIL) and Cambria Tail Risk ETF (TAIL).
FAIL and TAIL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FAIL is an actively managed fund by Cambria. It was launched on Feb 23, 2016. TAIL is an actively managed fund by Cambria. It was launched on Apr 6, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FAIL or TAIL.
Key characteristics
| FAIL | TAIL | |
|---|---|---|
| YTD Return | -4.31% | -4.85% |
| 1Y Return | -6.84% | -6.09% |
| 3Y Return (Ann) | -9.28% | -11.86% |
| 5Y Return (Ann) | -6.15% | -9.23% |
| Sharpe Ratio | -0.51 | -0.51 |
| Daily Std Dev | 13.05% | 11.62% |
| Max Drawdown | -36.70% | -50.42% |
| Current Drawdown | -34.59% | -48.47% |
Correlation
The correlation between FAIL and TAIL is 0.18, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FAIL vs. TAIL - Performance Comparison
In the year-to-date period, FAIL achieves a -4.31% return, which is significantly higher than TAIL's -4.85% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FAIL vs. TAIL - Expense Ratio Comparison
FAIL has a 0.63% expense ratio, which is higher than TAIL's 0.59% expense ratio.
Risk-Adjusted Performance
FAIL vs. TAIL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Cambria Global Tail Risk ETF (FAIL) 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.
Dividends
FAIL vs. TAIL - Dividend Comparison
FAIL's dividend yield for the trailing twelve months is around 4.57%, more than TAIL's 4.38% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
FAIL Cambria Global Tail Risk ETF | 4.57% | 1.65% | 0.00% | 0.00% | 0.63% | 5.14% | 4.68% | 5.72% | 3.28% |
TAIL Cambria Tail Risk ETF | 4.38% | 3.74% | 1.50% | 0.49% | 0.36% | 1.58% | 1.52% | 0.91% | 0.00% |
Drawdowns
FAIL vs. TAIL - Drawdown Comparison
The maximum FAIL drawdown since its inception was -36.70%, smaller than the maximum TAIL drawdown of -50.42%. Use the drawdown chart below to compare losses from any high point for FAIL and TAIL. For additional features, visit the drawdowns tool.
Volatility
FAIL vs. TAIL - Volatility Comparison
The current volatility for Cambria Global Tail Risk ETF (FAIL) is 4.65%, while Cambria Tail Risk ETF (TAIL) has a volatility of 7.55%. This indicates that FAIL 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.