OSCG vs. CAOS

Last updated Jul 18, 2026

OSCG (Leverage Shares 2X Long OSCR Daily ETF) and CAOS (Alpha Architect Tail Risk ETF) are both exchange-traded funds - OSCG is a Leveraged Equities fund actively managed by Leverage Shares, while CAOS is a Options Trading fund actively managed by Alpha Architect. Both are actively managed. At a correlation of -0.11, they often move in opposite directions. OSCG charges 0.75%/yr vs 0.63%/yr for CAOS.

Performance

OSCG vs. CAOS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long OSCR Daily ETF (OSCG) 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, OSCG achieves a 200.83% return, which is significantly higher than CAOS's 0.96% return.

OSCG

• 1D: 1.55%
• 1M: 2.10%
• 6M: 132.59%
• YTD: 200.83%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CAOS

• 1D: 0.16%
• 1M: 0.32%
• 6M: 0.48%
• YTD: 0.96%
• 1Y: 2.07%
• 3Y*: 3.65%
• 5Y*: —
• 10Y*: —

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

OSCG vs. CAOS - Yearly Performance Comparison

	2026 (YTD)	2025
OSCG Leverage Shares 2X Long OSCR Daily ETF	200.83%	-39.92%
CAOS Alpha Architect Tail Risk ETF	0.96%	-0.34%

Correlation

The correlation between OSCG and CAOS is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 5, 2025	-0.11

Return for Risk

OSCG vs. CAOS — Risk / Return Rank

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

OSCG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

CAOS

CAOS Risk / Return Rank: 55
CAOS Sharpe Ratio Rank: 47
CAOS Sortino Ratio Rank: 56
CAOS Omega Ratio Rank: 56
CAOS Calmar Ratio Rank: 69
CAOS Martin Ratio Rank: 47

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

OSCG vs. CAOS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long OSCR Daily ETF (OSCG) 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.

	OSCG	CAOS	Difference
Sharpe ratio: Return per unit of total volatility	—	1.35	—
Sortino ratio: Return per unit of downside risk	—	2.15	—
Omega ratio: Gain probability vs. loss probability	—	1.28	—
Calmar ratio: Return relative to maximum drawdown	—	2.75	—
Martin ratio: Return relative to average drawdown	—	6.18	—

Drawdowns

OSCG vs. CAOS - Drawdown Comparison

The maximum OSCG drawdown since its inception was -71.31%, which is greater than CAOS's maximum drawdown of -3.89%. Use the drawdown chart below to compare losses from any high point for OSCG and CAOS.

Drawdown Indicators

	OSCG	CAOS	Difference
Max Drawdown Largest peak-to-trough decline	-71.31%	-3.89%	-67.42%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.76%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-3.60%	—
Current Drawdown Current decline from peak	-19.03%	-0.93%	-18.10%
Average Drawdown Average peak-to-trough decline	-31.66%	-0.92%	-30.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.34%	—

Volatility

Volatility by Period

	OSCG	CAOS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.50%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.10%	—
Volatility (1Y) Calculated over the trailing 1-year period	145.15%	1.55%	+143.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	145.15%	4.20%	+140.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	145.15%	4.20%	+140.95%

OSCG vs. CAOS - Expense Ratio Comparison

OSCG has a 0.75% expense ratio, which is higher than CAOS's 0.63% expense ratio.

Dividends

OSCG vs. CAOS - Dividend Comparison

Neither OSCG nor CAOS has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both OSCG and CAOS in my portfolio?

OSCG and CAOS have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, OSCG or CAOS?

On fees, CAOS is cheaper at 0.63% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, OSCG or CAOS?

CAOS is cheaper with a 0.63% expense ratio, compared with 0.75% for OSCG.

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

OSCG and CAOS have nearly identical dividend yields, around 0.00%.

What is the main difference between OSCG and CAOS?

OSCG is categorized as Leveraged Equities, while CAOS is Options Trading. They also come from different issuers: Leverage Shares and Alpha Architect. Their fees differ too: 0.75% for OSCG and 0.63% for CAOS.