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HARD vs. CAOS
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between HARD and CAOS is 0.23, 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.


-0.50.00.51.0
Correlation: 0.2

Performance

HARD vs. CAOS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Commodities Strategy No K-1 ETF (HARD) and Alpha Architect Tail Risk ETF (CAOS). The values are adjusted to include any dividend payments, if applicable.

0.00%5.00%10.00%15.00%20.00%25.00%30.00%35.00%December2025FebruaryMarchAprilMay
17.73%
16.56%
HARD
CAOS

Key characteristics

Sharpe Ratio

HARD:

1.02

CAOS:

1.18

Sortino Ratio

HARD:

1.45

CAOS:

1.68

Omega Ratio

HARD:

1.19

CAOS:

1.46

Calmar Ratio

HARD:

1.37

CAOS:

1.93

Martin Ratio

HARD:

3.15

CAOS:

6.68

Ulcer Index

HARD:

5.89%

CAOS:

0.94%

Daily Std Dev

HARD:

18.17%

CAOS:

5.33%

Max Drawdown

HARD:

-13.51%

CAOS:

-3.41%

Current Drawdown

HARD:

-12.50%

CAOS:

-3.24%

Returns By Period

In the year-to-date period, HARD achieves a 2.91% return, which is significantly higher than CAOS's 1.13% return.


HARD

YTD

2.91%

1M

-12.50%

6M

12.71%

1Y

17.24%

5Y*

N/A

10Y*

N/A

CAOS

YTD

1.13%

1M

0.67%

6M

1.61%

1Y

6.26%

5Y*

N/A

10Y*

N/A

*Annualized

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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.


Expense ratio chart for HARD: current value is 0.75%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
HARD: 0.75%
Expense ratio chart for CAOS: current value is 0.63%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
CAOS: 0.63%

Risk-Adjusted Performance

HARD vs. CAOS — Risk-Adjusted Performance Rank

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

HARD
The Risk-Adjusted Performance Rank of HARD is 7979
Overall Rank
The Sharpe Ratio Rank of HARD is 8080
Sharpe Ratio Rank
The Sortino Ratio Rank of HARD is 7878
Sortino Ratio Rank
The Omega Ratio Rank of HARD is 7777
Omega Ratio Rank
The Calmar Ratio Rank of HARD is 8787
Calmar Ratio Rank
The Martin Ratio Rank of HARD is 7272
Martin Ratio Rank

CAOS
The Risk-Adjusted Performance Rank of CAOS is 8989
Overall Rank
The Sharpe Ratio Rank of CAOS is 8484
Sharpe Ratio Rank
The Sortino Ratio Rank of CAOS is 8383
Sortino Ratio Rank
The Omega Ratio Rank of CAOS is 9595
Omega Ratio Rank
The Calmar Ratio Rank of CAOS is 9292
Calmar Ratio Rank
The Martin Ratio Rank of CAOS is 8888
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The chart of Sharpe ratio for HARD, currently valued at 1.02, compared to the broader market-1.000.001.002.003.004.00
HARD: 1.02
CAOS: 1.18
The chart of Sortino ratio for HARD, currently valued at 1.45, compared to the broader market-2.000.002.004.006.008.00
HARD: 1.45
CAOS: 1.68
The chart of Omega ratio for HARD, currently valued at 1.19, compared to the broader market0.501.001.502.002.50
HARD: 1.19
CAOS: 1.46
The chart of Calmar ratio for HARD, currently valued at 1.37, compared to the broader market0.002.004.006.008.0010.0012.00
HARD: 1.37
CAOS: 1.93
The chart of Martin ratio for HARD, currently valued at 3.15, compared to the broader market0.0020.0040.0060.00
HARD: 3.15
CAOS: 6.68

The current HARD Sharpe Ratio is 1.02, which is comparable to the CAOS Sharpe Ratio of 1.18. The chart below compares the historical Sharpe Ratios of HARD and CAOS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.501.001.502.002.50December2025FebruaryMarchAprilMay
1.02
1.18
HARD
CAOS

Dividends

HARD vs. CAOS - Dividend Comparison

HARD's dividend yield for the trailing twelve months is around 3.31%, while CAOS has not paid dividends to shareholders.


TTM20242023
HARD
Simplify Commodities Strategy No K-1 ETF
3.31%3.50%1.95%
CAOS
Alpha Architect Tail Risk ETF
0.00%0.00%0.00%

Drawdowns

HARD vs. CAOS - Drawdown Comparison

The maximum HARD drawdown since its inception was -13.51%, 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.


-14.00%-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%December2025FebruaryMarchAprilMay
-12.50%
-3.24%
HARD
CAOS

Volatility

HARD vs. CAOS - Volatility Comparison

Simplify Commodities Strategy No K-1 ETF (HARD) has a higher volatility of 8.96% compared to Alpha Architect Tail Risk ETF (CAOS) at 4.52%. 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.


0.00%2.00%4.00%6.00%8.00%10.00%December2025FebruaryMarchAprilMay
8.96%
4.52%
HARD
CAOS