IGF vs. CAOS
IGF (iShares Global Infrastructure ETF) and CAOS (Alpha Architect Tail Risk ETF) are both exchange-traded funds - IGF is a Infrastructure Equities fund tracking the S&P Global Infrastructure Index (Net), while CAOS is a Options Trading fund actively managed by Alpha Architect. IGF is passively managed, while CAOS is actively managed. Over the past 3 years, IGF returned 16.16%/yr vs 3.48%/yr for CAOS. Their 0.06 correlation means their historical movements had little consistent relationship. IGF charges 0.39%/yr vs 0.63%/yr for CAOS.
Performance
IGF vs. CAOS - Performance Comparison
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Returns By Period
In the year-to-date period, IGF achieves a 10.41% return, which is significantly higher than CAOS's 0.76% return.
IGF
- 1D
- -0.28%
- 1M
- -0.09%
- 6M
- 5.19%
- YTD
- 10.41%
- 1Y
- 16.30%
- 3Y*
- 16.16%
- 5Y*
- 11.05%
- 10Y*
- 8.14%
- ALL TIME*
- 4.91%
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 | |
| $38.15M | $37.64M | $47.97M |
IGF vs. CAOS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IGF iShares Global Infrastructure ETF | 10.41% | 21.31% | 14.81% | 2.45% |
CAOS Alpha Architect Tail Risk ETF | 0.76% | 2.55% | 5.33% | 7.43% |
Correlation
The correlation between IGF and CAOS is -0.19, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.19 |
Correlation (3Y) Balances recent behavior with more history. | -0.04 |
Correlation (All Time) Calculated using the full available price history since Mar 6, 2023 | 0.06 |
The correlation between IGF and CAOS shifts across timeframes, from -0.19 (1 year) to 0.06 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IGF vs. CAOS — Risk / Return Rank
IGF
CAOS
IGF vs. CAOS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Infrastructure ETF (IGF) 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.
| IGF | CAOS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.36 | ||
| Sortino ratioReturn per unit of downside risk | +0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.24 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.83 | 2.47 | +0.36 |
| Martin ratioReturn relative to average drawdown | 7.59 | 5.45 | +2.14 |
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Drawdowns
IGF vs. CAOS - Drawdown Comparison
The maximum IGF drawdown since its inception was -58.33%, which is greater than CAOS's maximum drawdown of -3.89%. Use the drawdown chart below to compare losses from any high point for IGF and CAOS.
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Drawdown Indicators
| IGF | CAOS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.33% | -3.89% | -54.44% |
Max Drawdown (1Y)Largest decline over 1 year | -5.87% | -0.76% | -5.11% |
Max Drawdown (3Y)Largest decline over 3 years | -11.31% | -3.60% | -7.71% |
Max Drawdown (5Y)Largest decline over 5 years | -20.83% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -42.11% | — | — |
Current DrawdownCurrent decline from peak | -2.34% | -1.13% | -1.21% |
Average DrawdownAverage peak-to-trough decline | -11.79% | -0.92% | -10.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.19% | 0.34% | +1.85% |
Volatility
IGF vs. CAOS - Volatility Comparison
iShares Global Infrastructure ETF (IGF) has a higher volatility of 2.75% compared to Alpha Architect Tail Risk ETF (CAOS) at 0.51%. This indicates that IGF'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.
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Volatility by Period
| IGF | CAOS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.75% | 0.51% | +2.24% |
Volatility (6M)Calculated over the trailing 6-month period | 8.92% | 1.07% | +7.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.69% | 1.57% | +9.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.95% | 4.18% | +9.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.71% | 4.18% | +12.53% |
IGF vs. CAOS - Expense Ratio Comparison
IGF has a 0.39% expense ratio, which is lower than CAOS's 0.63% expense ratio.
Dividends
IGF vs. CAOS - Dividend Comparison
IGF's dividend yield for the trailing twelve months is around 2.89%, while CAOS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CAOS Alpha Architect Tail Risk ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IGF iShares Global Infrastructure ETF | 2.89% | 3.23% | 3.21% | 3.36% | 2.67% | 2.42% | 2.33% | 3.27% | 3.52% | 2.95% | 2.98% | 3.25% |
Frequently Asked Questions
IGF and CAOS have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IGF has higher volatility (2.75%) compared to CAOS (0.51%). In terms of maximum drawdown, IGF dropped -58.33% vs CAOS's -3.89%.
On 3-year performance, IGF leads with 16.16% vs 3.48% for CAOS. On fees, IGF is cheaper at 0.39% per year. On volatility, CAOS has been the lower-risk option at 0.51%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IGF has performed better with a 16.16% return vs 3.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IGF is cheaper with a 0.39% expense ratio, compared with 0.63% for CAOS.
IGF has the higher dividend yield at 2.89%, compared with 0.00% for CAOS.
IGF is categorized as Infrastructure Equities, while CAOS is Options Trading. They also come from different issuers: iShares and Alpha Architect. Their fees differ too: 0.39% for IGF and 0.63% for CAOS.
IGF currently has the higher Sharpe Ratio (1.55 vs 1.19), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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