PSTR vs. CAOS

Last updated Jun 4, 2026

PSTR (PeakShares Sector Rotation ETF) and CAOS (Alpha Architect Tail Risk ETF) are both exchange-traded funds - PSTR is a Derivative Income fund actively managed by PeakShares, while CAOS is a Options Trading fund actively managed by Alpha Architect. Both are actively managed. Over the past year, PSTR returned 18.81% vs 1.88% for CAOS. At a correlation of -0.24, they often move in opposite directions. PSTR charges 1.07%/yr vs 0.63%/yr for CAOS.

Performance

PSTR vs. CAOS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PeakShares Sector Rotation ETF (PSTR) 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, PSTR achieves a 8.92% return, which is significantly higher than CAOS's 0.82% return.

PSTR

• 1D: -0.69%
• 1M: 3.34%
• YTD: 8.92%
• 6M: 9.55%
• 1Y: 18.81%
• 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)

PSTR vs. CAOS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
PSTR PeakShares Sector Rotation ETF	8.92%	10.31%	13.42%
CAOS Alpha Architect Tail Risk ETF	0.82%	2.55%	5.08%

Correlation

The correlation between PSTR and CAOS is -0.32, 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	-0.32
Correlation (All Time) Calculated using the full available price history since May 1, 2024	-0.24

PSTR vs. CAOS - Sectors Allocation Comparison

Sectors	PSTR	CAOS
Technology	37.5%	33.1%
Healthcare	11.8%	9.6%
Financial Services	9.7%	12.4%
Communication Services	9.5%	10.4%
Consumer Cyclical	7.6%	10.0%
Industrials	7.4%	8.5%
Consumer Defensive	6.1%	5.4%
Energy	3.8%	4.1%
Utilities	3.1%	2.6%
Real Estate	1.9%	2.0%
Basic Materials	1.7%	1.9%

Return for Risk

PSTR vs. CAOS — Risk / Return Rank

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

PSTR

PSTR Risk / Return Rank: 70
PSTR Sharpe Ratio Rank: 69
PSTR Sortino Ratio Rank: 72
PSTR Omega Ratio Rank: 73
PSTR Calmar Ratio Rank: 58
PSTR Martin Ratio Rank: 80

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.

PSTR vs. CAOS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PeakShares Sector Rotation ETF (PSTR) 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.

	PSTR	CAOS	Difference
Sharpe ratio: Return per unit of total volatility	2.23	1.24	+0.99
Sortino ratio: Return per unit of downside risk	3.23	1.98	+1.25
Omega ratio: Gain probability vs. loss probability	1.42	1.26	+0.17
Calmar ratio: Return relative to maximum drawdown	2.83	2.49	+0.34
Martin ratio: Return relative to average drawdown	15.34	6.22	+9.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PSTR vs. CAOS - Sharpe Ratio Comparison

The current PSTR Sharpe Ratio is 2.23, which is higher than the CAOS Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of PSTR 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

	PSTR	CAOS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.23	1.24	+0.99
Sharpe Ratio (All Time) Calculated using the full available price history	1.28	1.21	+0.07

Drawdowns

PSTR vs. CAOS - Drawdown Comparison

The maximum PSTR drawdown since its inception was -14.73%, which is greater than CAOS's maximum drawdown of -3.60%. Use the drawdown chart below to compare losses from any high point for PSTR and CAOS.

Drawdown Indicators

	PSTR	CAOS	Difference
Max Drawdown Largest peak-to-trough decline	-14.73%	-3.60%	-11.13%
Max Drawdown (1Y) Largest decline over 1 year	-6.68%	-0.76%	-5.92%
Max Drawdown (3Y) Largest decline over 3 years	—	-3.60%	—
Current Drawdown Current decline from peak	-0.84%	-1.07%	+0.23%
Average Drawdown Average peak-to-trough decline	-1.57%	-0.90%	-0.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.23%	0.30%	+0.93%

Volatility

PSTR vs. CAOS - Volatility Comparison

PeakShares Sector Rotation ETF (PSTR) has a higher volatility of 2.41% compared to Alpha Architect Tail Risk ETF (CAOS) at 0.26%. This indicates that PSTR'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

	PSTR	CAOS	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.41%	0.26%	+2.15%
Volatility (6M) Calculated over the trailing 6-month period	7.25%	1.03%	+6.22%
Volatility (1Y) Calculated over the trailing 1-year period	8.47%	1.52%	+6.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.51%	4.26%	+8.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.51%	4.26%	+8.25%

PSTR vs. CAOS - Expense Ratio Comparison

PSTR has a 1.07% expense ratio, which is higher than CAOS's 0.63% expense ratio.

Dividends

PSTR vs. CAOS - Dividend Comparison

PSTR's dividend yield for the trailing twelve months is around 4.67%, while CAOS has not paid dividends to shareholders.

Position	TTM	2025	2024
CAOS Alpha Architect Tail Risk ETF	0.00%	0.00%	0.00%
PSTR PeakShares Sector Rotation ETF	4.67%	4.96%	1.57%

Frequently Asked Questions

Can I hold both PSTR and CAOS in my portfolio?

PSTR and CAOS have a correlation of -0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PSTR or CAOS?

PSTR has higher volatility (2.41%) compared to CAOS (0.26%). In terms of maximum drawdown, PSTR dropped -14.73% vs CAOS's -3.60%.

Which ETF is better, PSTR or CAOS?

On 1-year performance, PSTR leads with 18.81% 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, PSTR or CAOS?

Over the 1-year period, PSTR has performed better with a 18.81% return vs 1.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PSTR or CAOS?

CAOS is cheaper with a 0.63% expense ratio, compared with 1.07% for PSTR.

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

PSTR has the higher dividend yield at 4.67%, compared with 0.00% for CAOS.

What is the main difference between PSTR and CAOS?

PSTR is categorized as Derivative Income, while CAOS is Options Trading. They also come from different issuers: PeakShares and Alpha Architect. Their fees differ too: 1.07% for PSTR and 0.63% for CAOS.

Which has better risk-adjusted returns?

PSTR currently has the higher Sharpe Ratio (2.23 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.