LSVD vs. CAOS

Last updated Aug 2, 2026

LSVD (LSV Disciplined Value ETF) and CAOS (Alpha Architect Tail Risk ETF) are both exchange-traded funds - LSVD is a Large Cap Value Equities fund actively managed by LSV, while CAOS is a Options Trading fund actively managed by Alpha Architect. Both are actively managed. Over the past year, LSVD returned 37.10% vs 1.73% for CAOS. Their -0.38 correlation means they have often moved in opposite directions in the past. LSVD charges 0.40%/yr vs 0.63%/yr for CAOS.

Performance

LSVD vs. CAOS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in LSV Disciplined Value ETF (LSVD) and Alpha Architect Tail Risk ETF (CAOS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LSVD achieves a 17.97% return, which is significantly higher than CAOS's 0.76% return.

LSVD

• 1D: 1.00%
• 1M: 2.24%
• 6M: 14.59%
• YTD: 17.97%
• 1Y: 37.10%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 23.42%

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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CAOS Alpha Architect Tail Risk ETF	$6.81M	$5.39M	$5.09M
LSVD LSV Disciplined Value ETF	$23.96K	$28.04K	$57.70K

LSVD vs. CAOS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
LSVD LSV Disciplined Value ETF	17.97%	22.29%	-2.62%
CAOS Alpha Architect Tail Risk ETF	0.76%	2.55%	0.41%

Correlation

The correlation between LSVD and CAOS is -0.38, 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.	-0.38
Correlation (All Time) Calculated using the full available price history since Dec 18, 2024	-0.38

Return for Risk

LSVD vs. CAOS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

LSVD

LSVD Risk / Return Rank: 93
LSVD Sharpe Ratio Rank: 94
LSVD Sortino Ratio Rank: 93
LSVD Omega Ratio Rank: 92
LSVD Calmar Ratio Rank: 92
LSVD Martin Ratio Rank: 94

CAOS

CAOS Risk / Return Rank: 56
CAOS Sharpe Ratio Rank: 49
CAOS Sortino Ratio Rank: 55
CAOS Omega Ratio Rank: 54
CAOS Calmar Ratio Rank: 72
CAOS Martin Ratio Rank: 48

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

LSVD vs. CAOS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for LSV Disciplined Value ETF (LSVD) 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.

	LSVD	CAOS	Difference
Sharpe ratio: Return per unit of total volatility	2.61	1.19	+1.42
Sortino ratio: Return per unit of downside risk	3.54	1.89	+1.65
Omega ratio: Gain probability vs. loss probability	1.45	1.24	+0.21
Calmar ratio: Return relative to maximum drawdown	4.37	2.47	+1.90
Martin ratio: Return relative to average drawdown	18.02	5.45	+12.58

LSVD vs. CAOS - Sharpe Ratio Comparison

The current LSVD Sharpe Ratio is 2.61, which is higher than the CAOS Sharpe Ratio of 1.19. The chart below compares the historical Sharpe Ratios of LSVD and CAOS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

LSVD vs. CAOS - Drawdown Comparison

The maximum LSVD drawdown since its inception was -19.30%, which is greater than CAOS's maximum drawdown of -3.89%. Use the drawdown chart below to compare losses from any high point for LSVD and CAOS.

Drawdown Indicators

	LSVD	CAOS	Difference
Max Drawdown Largest peak-to-trough decline	-19.30%	-3.89%	-15.41%
Max Drawdown (1Y) Largest decline over 1 year	-8.07%	-0.76%	-7.31%
Max Drawdown (3Y) Largest decline over 3 years	—	-3.60%	—
Current Drawdown Current decline from peak	-0.43%	-1.13%	+0.70%
Average Drawdown Average peak-to-trough decline	-2.46%	-0.92%	-1.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.95%	0.34%	+1.61%

Volatility

LSVD vs. CAOS - Volatility Comparison

LSV Disciplined Value ETF (LSVD) has a higher volatility of 3.56% compared to Alpha Architect Tail Risk ETF (CAOS) at 0.51%. This indicates that LSVD'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.

Volatility by Period

	LSVD	CAOS	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.56%	0.51%	+3.05%
Volatility (6M) Calculated over the trailing 6-month period	10.32%	1.07%	+9.25%
Volatility (1Y) Calculated over the trailing 1-year period	13.49%	1.57%	+11.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.29%	4.18%	+13.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.29%	4.18%	+13.11%

LSVD vs. CAOS - Expense Ratio Comparison

LSVD has a 0.40% expense ratio, which is lower than CAOS's 0.63% expense ratio.

Dividends

LSVD vs. CAOS - Dividend Comparison

LSVD's dividend yield for the trailing twelve months is around 0.27%, while CAOS has not paid dividends to shareholders.

Position	TTM	2025
CAOS Alpha Architect Tail Risk ETF	0.00%	0.00%
LSVD LSV Disciplined Value ETF	0.27%	0.32%

Frequently Asked Questions

Can I hold both LSVD and CAOS in my portfolio?

LSVD and CAOS have a correlation of -0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LSVD or CAOS?

LSVD has higher volatility (3.56%) compared to CAOS (0.51%). In terms of maximum drawdown, LSVD dropped -19.30% vs CAOS's -3.89%.

Which ETF is better, LSVD or CAOS?

On 1-year performance, LSVD leads with 37.10% vs 1.73% for CAOS. On fees, LSVD is cheaper at 0.40% 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.

Which ETF has performed better, LSVD or CAOS?

Over the 1-year period, LSVD has performed better with a 37.10% return vs 1.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LSVD or CAOS?

LSVD is cheaper with a 0.40% expense ratio, compared with 0.63% for CAOS.

Which ETF pays a higher dividend yield, LSVD or CAOS?

LSVD has the higher dividend yield at 0.27%, compared with 0.00% for CAOS.

What is the main difference between LSVD and CAOS?

LSVD is categorized as Large Cap Value Equities, while CAOS is Options Trading. They also come from different issuers: LSV and Alpha Architect. Their fees differ too: 0.40% for LSVD and 0.63% for CAOS.

Which has better risk-adjusted returns?

LSVD currently has the higher Sharpe Ratio (2.61 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.