PRAE vs. CAOS

Last updated Jun 4, 2026

PRAE (PlanRock Alternative Growth ETF) and CAOS (Alpha Architect Tail Risk ETF) are both exchange-traded funds - PRAE is a Diversified Portfolio fund actively managed by PlanRock, while CAOS is a Options Trading fund actively managed by Alpha Architect. Both are actively managed. Over the past year, PRAE returned 34.75% vs 1.88% for CAOS. At a correlation of -0.10, they often move in opposite directions. PRAE charges 1.43%/yr vs 0.63%/yr for CAOS.

Performance

PRAE vs. CAOS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PlanRock Alternative Growth ETF (PRAE) 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, PRAE achieves a 12.14% return, which is significantly higher than CAOS's 0.82% return.

PRAE

• 1D: -0.42%
• 1M: 4.32%
• YTD: 12.14%
• 6M: 12.91%
• 1Y: 34.75%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CAOS

• 1D: 0.12%
• 1M: -0.09%
• YTD: 0.82%
• 6M: 0.69%
• 1Y: 1.88%
• 3Y*: 4.26%
• 5Y*: —
• 10Y*: —

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

PRAE vs. CAOS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
PRAE PlanRock Alternative Growth ETF	12.14%	13.70%	8.54%	0.57%
CAOS Alpha Architect Tail Risk ETF	0.82%	2.55%	5.33%	0.12%

Correlation

The correlation between PRAE and CAOS is -0.23, 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 (1Y) Calculated over the trailing 1-year period	-0.23
Correlation (All Time) Calculated using the full available price history since Dec 20, 2023	-0.10

The correlation between PRAE and CAOS shifts across timeframes, from -0.23 (1 year) to -0.10 (all time), reflecting how their relationship changes across market environments.

PRAE vs. CAOS - Sectors Allocation Comparison

Sectors	PRAE	CAOS
Industrials	18.9%	8.5%
Financial Services	18.4%	12.4%
Technology	15.2%	33.1%
Energy	10.3%	4.1%
Consumer Cyclical	9.4%	10.0%
Healthcare	7.0%	9.6%
Basic Materials	6.5%	1.9%
Consumer Defensive	4.6%	5.4%
Communication Services	4.4%	10.4%
Real Estate	2.8%	2.0%
Utilities	2.4%	2.6%

Return for Risk

PRAE vs. CAOS — Risk / Return Rank

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

PRAE

PRAE Risk / Return Rank: 70
PRAE Sharpe Ratio Rank: 73
PRAE Sortino Ratio Rank: 65
PRAE Omega Ratio Rank: 72
PRAE Calmar Ratio Rank: 73
PRAE Martin Ratio Rank: 69

CAOS

CAOS Risk / Return Rank: 40
CAOS Sharpe Ratio Rank: 34
CAOS Sortino Ratio Rank: 37
CAOS Omega Ratio Rank: 39
CAOS Calmar Ratio Rank: 49
CAOS Martin Ratio Rank: 39

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.

PRAE vs. CAOS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PlanRock Alternative Growth ETF (PRAE) 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.

	PRAE	CAOS	Difference
Sharpe ratio: Return per unit of total volatility	2.34	1.24	+1.10
Sortino ratio: Return per unit of downside risk	2.97	1.98	+0.99
Omega ratio: Gain probability vs. loss probability	1.43	1.26	+0.17
Calmar ratio: Return relative to maximum drawdown	3.57	2.49	+1.08
Martin ratio: Return relative to average drawdown	12.50	6.22	+6.27
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PRAE vs. CAOS - Sharpe Ratio Comparison

The current PRAE Sharpe Ratio is 2.34, which is higher than the CAOS Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of PRAE 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.

Sharpe Ratios by Period

	PRAE	CAOS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.34	1.24	+1.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.98	1.21	-0.23

Drawdowns

PRAE vs. CAOS - Drawdown Comparison

The maximum PRAE drawdown since its inception was -17.67%, which is greater than CAOS's maximum drawdown of -3.60%. Use the drawdown chart below to compare losses from any high point for PRAE and CAOS.

Drawdown Indicators

	PRAE	CAOS	Difference
Max Drawdown Largest peak-to-trough decline	-17.67%	-3.60%	-14.07%
Max Drawdown (1Y) Largest decline over 1 year	-9.77%	-0.76%	-9.01%
Max Drawdown (3Y) Largest decline over 3 years	—	-3.60%	—
Current Drawdown Current decline from peak	-0.42%	-1.07%	+0.65%
Average Drawdown Average peak-to-trough decline	-4.13%	-0.90%	-3.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.79%	0.30%	+2.49%

Volatility

PRAE vs. CAOS - Volatility Comparison

PlanRock Alternative Growth ETF (PRAE) has a higher volatility of 3.66% compared to Alpha Architect Tail Risk ETF (CAOS) at 0.26%. This indicates that PRAE'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

	PRAE	CAOS	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.66%	0.26%	+3.40%
Volatility (6M) Calculated over the trailing 6-month period	11.98%	1.03%	+10.95%
Volatility (1Y) Calculated over the trailing 1-year period	14.90%	1.52%	+13.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.82%	4.26%	+10.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.82%	4.26%	+10.56%

PRAE vs. CAOS - Expense Ratio Comparison

PRAE has a 1.43% expense ratio, which is higher than CAOS's 0.63% expense ratio.

Dividends

PRAE vs. CAOS - Dividend Comparison

PRAE's dividend yield for the trailing twelve months is around 0.47%, while CAOS has not paid dividends to shareholders.

Position	TTM	2025	2024
CAOS Alpha Architect Tail Risk ETF	0.00%	0.00%	0.00%
PRAE PlanRock Alternative Growth ETF	0.47%	0.18%	0.99%

Frequently Asked Questions

Can I hold both PRAE and CAOS in my portfolio?

PRAE and CAOS have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PRAE or CAOS?

PRAE has higher volatility (3.66%) compared to CAOS (0.26%). In terms of maximum drawdown, PRAE dropped -17.67% vs CAOS's -3.60%.

Which ETF is better, PRAE or CAOS?

On 1-year performance, PRAE leads with 34.75% vs 1.88% for CAOS. On fees, CAOS is cheaper at 0.63% per year. On volatility, CAOS has been the lower-risk option at 0.26%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PRAE or CAOS?

Over the 1-year period, PRAE has performed better with a 34.75% return vs 1.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PRAE or CAOS?

CAOS is cheaper with a 0.63% expense ratio, compared with 1.43% for PRAE.

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

PRAE has the higher dividend yield at 0.47%, compared with 0.00% for CAOS.

What is the main difference between PRAE and CAOS?

PRAE is categorized as Diversified Portfolio, while CAOS is Options Trading. They also come from different issuers: PlanRock and Alpha Architect. Their fees differ too: 1.43% for PRAE and 0.63% for CAOS.

Which has better risk-adjusted returns?

PRAE currently has the higher Sharpe Ratio (2.34 vs 1.24), 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.