ODDS vs. CAOS
ODDS (Pacer BlueStar Digital Entertainment ETF) and CAOS (Alpha Architect Tail Risk ETF) are both exchange-traded funds - ODDS is a Technology Equities fund tracking the BlueStar Global Online Gambling, Video Gaming and eSports Index, while CAOS is a Options Trading fund actively managed by Alpha Architect. ODDS is passively managed, while CAOS is actively managed. Over the past 3 years, ODDS returned 6.71%/yr vs 3.48%/yr for CAOS. Their 0.07 correlation means their historical movements had little consistent relationship. Both charge a 0.63% expense ratio.
Performance
ODDS vs. CAOS - Performance Comparison
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Returns By Period
In the year-to-date period, ODDS achieves a -13.44% return, which is significantly lower than CAOS's 0.76% return.
ODDS
- 1D
- -1.82%
- 1M
- 1.72%
- 6M
- -3.96%
- YTD
- -13.44%
- 1Y
- -21.30%
- 3Y*
- 6.71%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 7.54%
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 | |
| $13.95K | $16.12K | $15.11K |
ODDS vs. CAOS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ODDS Pacer BlueStar Digital Entertainment ETF | -13.44% | 16.71% | 27.61% | 9.33% |
CAOS Alpha Architect Tail Risk ETF | 0.76% | 2.55% | 5.33% | 7.43% |
Correlation
The correlation between ODDS and CAOS is -0.20, 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. | -0.20 |
Correlation (3Y) Balances recent behavior with more history. | -0.05 |
Correlation (All Time) Calculated using the full available price history since Mar 6, 2023 | 0.07 |
The correlation between ODDS and CAOS shifts across timeframes, from -0.20 (1 year) to 0.07 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ODDS vs. CAOS — Risk / Return Rank
ODDS
CAOS
ODDS vs. CAOS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer BlueStar Digital Entertainment ETF (ODDS) 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.
| ODDS | CAOS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.24 | ||
| Sortino ratioReturn per unit of downside risk | -3.30 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.24 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.64 | 2.47 | -3.11 |
| Martin ratioReturn relative to average drawdown | -0.98 | 5.45 | -6.42 |
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Drawdowns
ODDS vs. CAOS - Drawdown Comparison
The maximum ODDS drawdown since its inception was -35.09%, which is greater than CAOS's maximum drawdown of -3.89%. Use the drawdown chart below to compare losses from any high point for ODDS and CAOS.
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Drawdown Indicators
| ODDS | CAOS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.09% | -3.89% | -31.20% |
Max Drawdown (1Y)Largest decline over 1 year | -35.09% | -0.76% | -34.33% |
Max Drawdown (3Y)Largest decline over 3 years | -35.09% | -3.60% | -31.49% |
Current DrawdownCurrent decline from peak | -27.81% | -1.13% | -26.68% |
Average DrawdownAverage peak-to-trough decline | -9.89% | -0.92% | -8.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.94% | 0.34% | +22.60% |
Volatility
ODDS vs. CAOS - Volatility Comparison
Pacer BlueStar Digital Entertainment ETF (ODDS) has a higher volatility of 6.06% compared to Alpha Architect Tail Risk ETF (CAOS) at 0.51%. This indicates that ODDS'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
| ODDS | CAOS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.06% | 0.51% | +5.55% |
Volatility (6M)Calculated over the trailing 6-month period | 17.74% | 1.07% | +16.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.48% | 1.57% | +19.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.84% | 4.18% | +20.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.84% | 4.18% | +20.66% |
ODDS vs. CAOS - Expense Ratio Comparison
Both ODDS and CAOS have an expense ratio of 0.63%.
Dividends
ODDS vs. CAOS - Dividend Comparison
ODDS's dividend yield for the trailing twelve months is around 0.71%, while CAOS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CAOS Alpha Architect Tail Risk ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ODDS Pacer BlueStar Digital Entertainment ETF | 0.71% | 2.59% | 0.56% | 0.66% | 0.42% |
Frequently Asked Questions
ODDS and CAOS have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ODDS has higher volatility (6.06%) compared to CAOS (0.51%). In terms of maximum drawdown, ODDS dropped -35.09% vs CAOS's -3.89%.
On 3-year performance, ODDS leads with 6.71% vs 3.48% for CAOS. Both ETFs have the same 0.63% expense ratio. 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, ODDS has performed better with a 6.71% return vs 3.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ODDS and CAOS have the same expense ratio: 0.63% per year.
ODDS has the higher dividend yield at 0.71%, compared with 0.00% for CAOS.
ODDS is categorized as Technology Equities, while CAOS is Options Trading. They also come from different issuers: Pacer and Alpha Architect.
CAOS currently has the higher Sharpe Ratio (1.19 vs -1.05), 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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