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QMOM vs. CAOS
Performance
Return for Risk
Dividends
Drawdowns
Volatility

QMOM vs. CAOS

Last updated Apr 3, 2026

Compare and contrast key facts about Alpha Architect U.S. Quantitative Momentum ETF (QMOM) and Alpha Architect Tail Risk ETF (CAOS).

QMOM and CAOS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QMOM is an actively managed fund by Alpha Architect. It was launched on Dec 2, 2015. CAOS is an actively managed fund by Alpha Architect. It was launched on Aug 14, 2013.

Performance

QMOM vs. CAOS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alpha Architect U.S. Quantitative Momentum ETF (QMOM) and Alpha Architect Tail Risk ETF (CAOS). The values are adjusted to include any dividend payments, if applicable.

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QMOM vs. CAOS - Yearly Performance Comparison

2026 (YTD)202520242023
QMOM
Alpha Architect U.S. Quantitative Momentum ETF		6.55%2.36%30.43%6.47%
CAOS
Alpha Architect Tail Risk ETF		1.11%2.55%5.33%7.97%

Returns By Period

In the year-to-date period, QMOM achieves a 6.55% return, which is significantly higher than CAOS's 1.11% return.

QMOM

1D
-0.26%
1M
-1.97%
YTD
6.55%
6M
8.21%
1Y
16.03%
3Y*
16.10%
5Y*
6.48%
10Y*
12.39%

CAOS

1D
0.14%
1M
0.14%
YTD
1.11%
6M
1.36%
1Y
3.22%
3Y*
5.38%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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Alpha Architect U.S. Quantitative Momentum ETF

Alpha Architect Tail Risk ETF

Often compared with QMOM:
QMOM vs. SPMOQMOM vs. MTUMQMOM vs. IWMO.LQMOM vs. VFMOQMOM vs. VOOQMOM vs. AVUVQMOM vs. AMOM
Often compared with CAOS:
CAOS vs. TAILCAOS vs. BOXXCAOS vs. SHYCAOS vs. AHTPXCAOS vs. SPYCAOS vs. MAINCAOS vs. SVOL

QMOM vs. CAOS - Expense Ratio Comparison

QMOM has a 0.28% expense ratio, which is lower than CAOS's 0.63% expense ratio.

CAOS
Alpha Architect Tail Risk ETF
QMOM
Alpha Architect U.S. Quantitative Momentum ETF

Return for Risk

QMOM vs. CAOS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
QMOM
QMOM Risk / Return Rank: 3434
Overall Rank
QMOM Sharpe Ratio Rank: 3030
Sharpe Ratio Rank
QMOM Sortino Ratio Rank: 3030
Sortino Ratio Rank
QMOM Omega Ratio Rank: 3030
Omega Ratio Rank
QMOM Calmar Ratio Rank: 4141
Calmar Ratio Rank
QMOM Martin Ratio Rank: 4040
Martin Ratio Rank
CAOS
CAOS Risk / Return Rank: 3535
Overall Rank
CAOS Sharpe Ratio Rank: 3333
Sharpe Ratio Rank
CAOS Sortino Ratio Rank: 3030
Sortino Ratio Rank
CAOS Omega Ratio Rank: 6565
Omega Ratio Rank
CAOS Calmar Ratio Rank: 2828
Calmar Ratio Rank
CAOS Martin Ratio Rank: 2020
Martin Ratio Rank
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.

QMOM vs. CAOS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alpha Architect U.S. Quantitative Momentum ETF (QMOM) 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.

QMOMCAOSDifference

Sharpe ratio

Return per unit of total volatility

0.63

0.69

-0.07

Sortino ratio

Return per unit of downside risk

0.99

0.98

+0.02

Omega ratio

Gain probability vs. loss probability

1.14

1.26

-0.12

Calmar ratio

Return relative to maximum drawdown

1.30

0.86

+0.44

Martin ratio

Return relative to average drawdown

4.45

1.42

+3.03

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QMOM vs. CAOS - Sharpe Ratio Comparison

The current QMOM Sharpe Ratio is 0.63, which is comparable to the CAOS Sharpe Ratio of 0.69. The chart below compares the historical Sharpe Ratios of QMOM and CAOS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

QMOMCAOSDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.63

0.69

-0.07

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.26

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.47

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.46

1.27

-0.81

Correlation

The correlation between QMOM and CAOS is 0.06, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

QMOM vs. CAOS - Dividend Comparison

QMOM's dividend yield for the trailing twelve months is around 0.51%, while CAOS has not paid dividends to shareholders.

TTM2025202420232022202120202019201820172016
QMOM
Alpha Architect U.S. Quantitative Momentum ETF		0.51%0.54%1.40%0.87%1.59%0.12%0.08%0.01%0.05%0.13%0.34%
CAOS
Alpha Architect Tail Risk ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

QMOM vs. CAOS - Drawdown Comparison

The maximum QMOM drawdown since its inception was -39.13%, which is greater than CAOS's maximum drawdown of -3.60%. Use the drawdown chart below to compare losses from any high point for QMOM and CAOS.

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Drawdown Indicators

QMOMCAOSDifference

Max Drawdown

Largest peak-to-trough decline

-39.13%

-3.60%

-35.53%

Max Drawdown (1Y)

Largest decline over 1 year

-12.65%

-3.60%

-9.05%

Max Drawdown (5Y)

Largest decline over 5 years

-27.00%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-39.13%

—

—

Current Drawdown

Current decline from peak

-5.78%

-0.79%

-4.99%

Average Drawdown

Average peak-to-trough decline

-13.10%

-0.90%

-12.20%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.95%

2.18%

+1.77%

Volatility

QMOM vs. CAOS - Volatility Comparison

Alpha Architect U.S. Quantitative Momentum ETF (QMOM) has a higher volatility of 11.58% compared to Alpha Architect Tail Risk ETF (CAOS) at 0.68%. This indicates that QMOM'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

QMOMCAOSDifference

Volatility (1M)

Calculated over the trailing 1-month period

11.58%

0.68%

+10.90%

Volatility (6M)

Calculated over the trailing 6-month period

19.19%

1.31%

+17.88%

Volatility (1Y)

Calculated over the trailing 1-year period

25.77%

4.68%

+21.09%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

24.72%

4.37%

+20.35%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

26.28%

4.37%

+21.91%