HARD vs. CAOS
Compare and contrast key facts about Simplify Commodities Strategy No K-1 ETF (HARD) and Alpha Architect Tail Risk ETF (CAOS).
HARD and CAOS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HARD is an actively managed fund by Simplify. It was launched on Mar 27, 2023. CAOS is an actively managed fund by Alpha Architect. It was launched on Aug 14, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HARD or CAOS.
Key characteristics
| HARD | CAOS | |
|---|---|---|
| YTD Return | 9.38% | 4.86% |
| 1Y Return | 7.04% | 5.51% |
| Sharpe Ratio | 0.54 | 1.82 |
| Sortino Ratio | 0.89 | 2.85 |
| Omega Ratio | 1.10 | 1.65 |
| Calmar Ratio | 0.56 | 2.66 |
| Martin Ratio | 1.34 | 8.33 |
| Ulcer Index | 4.91% | 0.66% |
| Daily Std Dev | 12.12% | 3.02% |
| Max Drawdown | -11.78% | -3.41% |
| Current Drawdown | -4.32% | -0.17% |
Correlation
The correlation between HARD and CAOS is -0.07. 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.
Performance
HARD vs. CAOS - Performance Comparison
In the year-to-date period, HARD achieves a 9.38% return, which is significantly higher than CAOS's 4.86% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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HARD vs. CAOS - Expense Ratio Comparison
HARD has a 0.75% expense ratio, which is higher than CAOS's 0.63% expense ratio.
Risk-Adjusted Performance
HARD vs. CAOS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Commodities Strategy No K-1 ETF (HARD) 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.
Dividends
HARD vs. CAOS - Dividend Comparison
HARD's dividend yield for the trailing twelve months is around 3.44%, while CAOS has not paid dividends to shareholders.
| TTM | 2023 | |
|---|---|---|
HARD Simplify Commodities Strategy No K-1 ETF | 3.44% | 1.95% |
CAOS Alpha Architect Tail Risk ETF | 0.00% | 0.00% |
Drawdowns
HARD vs. CAOS - Drawdown Comparison
The maximum HARD drawdown since its inception was -11.78%, which is greater than CAOS's maximum drawdown of -3.41%. Use the drawdown chart below to compare losses from any high point for HARD and CAOS. For additional features, visit the drawdowns tool.
Volatility
HARD vs. CAOS - Volatility Comparison
Simplify Commodities Strategy No K-1 ETF (HARD) has a higher volatility of 5.73% compared to Alpha Architect Tail Risk ETF (CAOS) at 0.27%. This indicates that HARD's price experiences larger fluctuations and is considered to be riskier than CAOS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.