SSUS vs. CAOS
SSUS (Day Hagan Smart Sector ETF) and CAOS (Alpha Architect Tail Risk ETF) are both exchange-traded funds - SSUS is a Large Cap Growth Equities fund actively managed by Day Hagan, while CAOS is a Options Trading fund actively managed by Alpha Architect. Both are actively managed. Over the past 3 years, SSUS returned 15.14%/yr vs 3.48%/yr for CAOS. Their 0.06 correlation means their historical movements had little consistent relationship. SSUS charges 0.81%/yr vs 0.63%/yr for CAOS.
Performance
SSUS vs. CAOS - Performance Comparison
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Returns By Period
In the year-to-date period, SSUS achieves a 11.75% return, which is significantly higher than CAOS's 0.76% return.
SSUS
- 1D
- 0.33%
- 1M
- -0.61%
- 6M
- 10.27%
- YTD
- 11.75%
- 1Y
- 21.84%
- 3Y*
- 15.14%
- 5Y*
- 10.54%
- 10Y*
- —
- ALL TIME*
- 13.34%
CAOS
- 1D
- -0.06%
- 1M
- -0.01%
- 6M
- 0.16%
- YTD
- 0.76%
- 1Y
- 1.73%
- 3Y*
- 3.48%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.70%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $6.81M | $5.39M | $5.09M | |
| $779.31K | $737.96K | $1.47M |
SSUS vs. CAOS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SSUS Day Hagan Smart Sector ETF | 11.75% | 16.47% | 18.86% | 10.74% |
CAOS Alpha Architect Tail Risk ETF | 0.76% | 2.55% | 5.33% | 7.43% |
Correlation
The correlation between SSUS and CAOS is -0.35, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.35 |
Correlation (3Y) Balances recent behavior with more history. | -0.08 |
Correlation (All Time) Calculated using the full available price history since Mar 6, 2023 | 0.06 |
The correlation between SSUS and CAOS shifts across timeframes, from -0.35 (1 year) to 0.06 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SSUS vs. CAOS — Risk / Return Rank
SSUS
CAOS
SSUS vs. CAOS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Day Hagan Smart Sector ETF (SSUS) 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.
| SSUS | CAOS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.24 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.21 | 2.47 | -0.26 |
| Martin ratioReturn relative to average drawdown | 8.71 | 5.45 | +3.26 |
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Drawdowns
SSUS vs. CAOS - Drawdown Comparison
The maximum SSUS drawdown since its inception was -23.75%, which is greater than CAOS's maximum drawdown of -3.89%. Use the drawdown chart below to compare losses from any high point for SSUS and CAOS.
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Drawdown Indicators
| SSUS | CAOS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.75% | -3.89% | -19.86% |
Max Drawdown (1Y)Largest decline over 1 year | -9.05% | -0.76% | -8.29% |
Max Drawdown (3Y)Largest decline over 3 years | -17.60% | -3.60% | -14.00% |
Max Drawdown (5Y)Largest decline over 5 years | -23.45% | — | — |
Current DrawdownCurrent decline from peak | -3.26% | -1.13% | -2.13% |
Average DrawdownAverage peak-to-trough decline | -5.18% | -0.92% | -4.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.30% | 0.34% | +1.96% |
Volatility
SSUS vs. CAOS - Volatility Comparison
Day Hagan Smart Sector ETF (SSUS) has a higher volatility of 3.62% compared to Alpha Architect Tail Risk ETF (CAOS) at 0.51%. This indicates that SSUS'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
| SSUS | CAOS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.62% | 0.51% | +3.11% |
Volatility (6M)Calculated over the trailing 6-month period | 11.15% | 1.07% | +10.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.65% | 1.57% | +12.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.47% | 4.18% | +11.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.88% | 4.18% | +12.70% |
SSUS vs. CAOS - Expense Ratio Comparison
SSUS has a 0.81% expense ratio, which is higher than CAOS's 0.63% expense ratio.
Dividends
SSUS vs. CAOS - Dividend Comparison
SSUS's dividend yield for the trailing twelve months is around 0.46%, while CAOS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
CAOS Alpha Architect Tail Risk ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SSUS Day Hagan Smart Sector ETF | 0.46% | 0.52% | 0.68% | 1.07% | 0.63% | 0.55% | 0.50% |
Frequently Asked Questions
SSUS and CAOS have a correlation of -0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SSUS has higher volatility (3.62%) compared to CAOS (0.51%). In terms of maximum drawdown, SSUS dropped -23.75% vs CAOS's -3.89%.
On 3-year performance, SSUS leads with 15.14% vs 3.48% for CAOS. On fees, CAOS is cheaper at 0.63% per year. On volatility, CAOS has been the lower-risk option at 0.51%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, SSUS has performed better with a 15.14% return vs 3.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CAOS is cheaper with a 0.63% expense ratio, compared with 0.81% for SSUS.
SSUS has the higher dividend yield at 0.46%, compared with 0.00% for CAOS.
SSUS is categorized as Large Cap Growth Equities, while CAOS is Options Trading. They also come from different issuers: Day Hagan and Alpha Architect. Their fees differ too: 0.81% for SSUS and 0.63% for CAOS.
SSUS currently has the higher Sharpe Ratio (1.47 vs 1.19), 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.
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