RDVI vs. CAOS

Last updated Jul 16, 2026

RDVI (FT Cboe Vest Rising Dividend Achievers Target Income ETF) and CAOS (Alpha Architect Tail Risk ETF) are both exchange-traded funds - RDVI is a Derivative Income fund tracking the NASDAQ US Rising Dividend Achievers, while CAOS is a Options Trading fund actively managed by Alpha Architect. RDVI is passively managed, while CAOS is actively managed. Over the past 3 years, RDVI returned 19.08%/yr vs 3.63%/yr for CAOS. At a 0.01 correlation, their price movements are largely independent. RDVI charges 0.75%/yr vs 0.63%/yr for CAOS.

Performance

RDVI vs. CAOS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Cboe Vest Rising Dividend Achievers Target Income ETF (RDVI) 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, RDVI achieves a 15.38% return, which is significantly higher than CAOS's 0.84% return.

RDVI

• 1D: -0.07%
• 1M: 1.10%
• 6M: 11.55%
• YTD: 15.38%
• 1Y: 28.65%
• 3Y*: 19.08%
• 5Y*: —
• 10Y*: —

CAOS

• 1D: 0.06%
• 1M: 0.12%
• 6M: 0.30%
• YTD: 0.84%
• 1Y: 2.02%
• 3Y*: 3.63%
• 5Y*: —
• 10Y*: —

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

RDVI vs. CAOS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
RDVI FT Cboe Vest Rising Dividend Achievers Target Income ETF	15.38%	17.93%	14.56%	11.12%
CAOS Alpha Architect Tail Risk ETF	0.84%	2.55%	5.33%	7.43%

Correlation

The correlation between RDVI 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 (3Y) Calculated over the trailing 3-year period	-0.12
Correlation (All Time) Calculated using the full available price history since Mar 6, 2023	0.01

The correlation between RDVI and CAOS shifts across timeframes, from -0.32 (1 year) to 0.01 (all time), reflecting how their relationship changes across market environments.

Return for Risk

RDVI vs. CAOS — Risk / Return Rank

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

RDVI

RDVI Risk / Return Rank: 82
RDVI Sharpe Ratio Rank: 82
RDVI Sortino Ratio Rank: 84
RDVI Omega Ratio Rank: 78
RDVI Calmar Ratio Rank: 81
RDVI Martin Ratio Rank: 87

CAOS

CAOS Risk / Return Rank: 53
CAOS Sharpe Ratio Rank: 46
CAOS Sortino Ratio Rank: 52
CAOS Omega Ratio Rank: 53
CAOS Calmar Ratio Rank: 67
CAOS Martin Ratio Rank: 45

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.

RDVI vs. CAOS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest Rising Dividend Achievers Target Income ETF (RDVI) 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.

	RDVI	CAOS	Difference
Sharpe ratio: Return per unit of total volatility	2.08	1.31	+0.77
Sortino ratio: Return per unit of downside risk	3.00	2.09	+0.91
Omega ratio: Gain probability vs. loss probability	1.36	1.27	+0.09
Calmar ratio: Return relative to maximum drawdown	3.39	2.68	+0.71
Martin ratio: Return relative to average drawdown	14.23	6.06	+8.18

RDVI vs. CAOS - Sharpe Ratio Comparison

The current RDVI Sharpe Ratio is 2.08, which is higher than the CAOS Sharpe Ratio of 1.31. The chart below compares the historical Sharpe Ratios of RDVI 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.

Drawdowns

RDVI vs. CAOS - Drawdown Comparison

The maximum RDVI drawdown since its inception was -18.35%, which is greater than CAOS's maximum drawdown of -3.89%. Use the drawdown chart below to compare losses from any high point for RDVI and CAOS.

Drawdown Indicators

	RDVI	CAOS	Difference
Max Drawdown Largest peak-to-trough decline	-18.35%	-3.89%	-14.46%
Max Drawdown (1Y) Largest decline over 1 year	-8.48%	-0.76%	-7.72%
Max Drawdown (3Y) Largest decline over 3 years	-18.35%	-3.60%	-14.75%
Current Drawdown Current decline from peak	-1.29%	-1.04%	-0.25%
Average Drawdown Average peak-to-trough decline	-3.10%	-0.92%	-2.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.02%	0.33%	+1.69%

Volatility

RDVI vs. CAOS - Volatility Comparison

FT Cboe Vest Rising Dividend Achievers Target Income ETF (RDVI) has a higher volatility of 3.56% compared to Alpha Architect Tail Risk ETF (CAOS) at 0.48%. This indicates that RDVI'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

	RDVI	CAOS	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.56%	0.48%	+3.08%
Volatility (6M) Calculated over the trailing 6-month period	11.07%	1.09%	+9.98%
Volatility (1Y) Calculated over the trailing 1-year period	13.96%	1.56%	+12.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.88%	4.20%	+12.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.88%	4.20%	+12.68%

RDVI vs. CAOS - Expense Ratio Comparison

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

Dividends

RDVI vs. CAOS - Dividend Comparison

RDVI's dividend yield for the trailing twelve months is around 7.69%, 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%
RDVI FT Cboe Vest Rising Dividend Achievers Target Income ETF	7.69%	8.10%	8.62%	8.45%	1.53%

Frequently Asked Questions

Can I hold both RDVI and CAOS in my portfolio?

RDVI 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, RDVI or CAOS?

RDVI has higher volatility (3.56%) compared to CAOS (0.48%). In terms of maximum drawdown, RDVI dropped -18.35% vs CAOS's -3.89%.

Which ETF is better, RDVI or CAOS?

On 3-year performance, RDVI leads with 19.08% vs 3.63% for CAOS. On fees, CAOS is cheaper at 0.63% per year. On volatility, CAOS has been the lower-risk option at 0.48%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RDVI or CAOS?

Over the 3-year period, RDVI has performed better with a 19.08% return vs 3.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RDVI or CAOS?

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

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

RDVI has the higher dividend yield at 7.69%, compared with 0.00% for CAOS.

What is the main difference between RDVI and CAOS?

RDVI is categorized as Derivative Income, while CAOS is Options Trading. They also come from different issuers: FT Vest and Alpha Architect. Their fees differ too: 0.75% for RDVI and 0.63% for CAOS.

Which has better risk-adjusted returns?

RDVI currently has the higher Sharpe Ratio (2.08 vs 1.31), 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.