TAIL vs. LGLV
Compare and contrast key facts about Cambria Tail Risk ETF (TAIL) and SPDR SSGA US Large Cap Low Volatility Index ETF (LGLV).
TAIL and LGLV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TAIL is an actively managed fund by Cambria. It was launched on Apr 5, 2017. LGLV is a passively managed fund by State Street that tracks the performance of the SSGA US Large Cap Low Volatility (TR). It was launched on Feb 20, 2013.
Performance
TAIL vs. LGLV - Performance Comparison
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TAIL vs. LGLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TAIL Cambria Tail Risk ETF | 2.59% | 5.48% | -9.62% | -13.29% | -13.13% | -12.81% | 6.91% | -14.27% | 2.85% | -7.70% |
LGLV SPDR SSGA US Large Cap Low Volatility Index ETF | 2.00% | 8.37% | 16.22% | 9.19% | -8.17% | 27.95% | 7.42% | 30.83% | 0.32% | 7.49% |
Returns By Period
In the year-to-date period, TAIL achieves a 2.59% return, which is significantly higher than LGLV's 2.00% return.
TAIL
- 1D
- -2.50%
- 1M
- 0.62%
- YTD
- 2.59%
- 6M
- 0.83%
- 1Y
- 2.58%
- 3Y*
- -4.32%
- 5Y*
- -6.79%
- 10Y*
- —
LGLV
- 1D
- 1.10%
- 1M
- -5.28%
- YTD
- 2.00%
- 6M
- 1.06%
- 1Y
- 4.45%
- 3Y*
- 11.46%
- 5Y*
- 9.25%
- 10Y*
- 11.24%
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TAIL vs. LGLV - Expense Ratio Comparison
TAIL has a 0.59% expense ratio, which is higher than LGLV's 0.12% expense ratio.
Return for Risk
TAIL vs. LGLV — Risk / Return Rank
TAIL
LGLV
TAIL vs. LGLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cambria Tail Risk ETF (TAIL) and SPDR SSGA US Large Cap Low Volatility Index ETF (LGLV). 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.
| TAIL | LGLV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.15 | 0.35 | -0.21 |
Sortino ratioReturn per unit of downside risk | 0.38 | 0.58 | -0.20 |
Omega ratioGain probability vs. loss probability | 1.06 | 1.08 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.16 | 0.58 | -0.42 |
Martin ratioReturn relative to average drawdown | 0.19 | 2.44 | -2.25 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TAIL | LGLV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.15 | 0.35 | -0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.46 | 0.72 | -1.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.70 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.43 | 0.78 | -1.20 |
Correlation
The correlation between TAIL and LGLV is -0.52. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
TAIL vs. LGLV - Dividend Comparison
TAIL's dividend yield for the trailing twelve months is around 3.20%, more than LGLV's 2.02% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TAIL Cambria Tail Risk ETF | 3.20% | 2.88% | 3.48% | 3.74% | 1.50% | 0.49% | 0.36% | 1.58% | 1.52% | 0.91% | 0.00% | 0.00% |
LGLV SPDR SSGA US Large Cap Low Volatility Index ETF | 2.02% | 1.94% | 1.93% | 2.03% | 1.95% | 1.65% | 1.98% | 1.89% | 2.09% | 4.39% | 2.54% | 2.97% |
Drawdowns
TAIL vs. LGLV - Drawdown Comparison
The maximum TAIL drawdown since its inception was -52.36%, which is greater than LGLV's maximum drawdown of -36.64%. Use the drawdown chart below to compare losses from any high point for TAIL and LGLV.
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Drawdown Indicators
| TAIL | LGLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.36% | -36.64% | -15.72% |
Max Drawdown (1Y)Largest decline over 1 year | -16.24% | -9.65% | -6.59% |
Max Drawdown (5Y)Largest decline over 5 years | -38.44% | -17.49% | -20.95% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.64% | — |
Current DrawdownCurrent decline from peak | -47.03% | -5.52% | -41.51% |
Average DrawdownAverage peak-to-trough decline | -28.70% | -3.19% | -25.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.27% | 2.30% | +10.97% |
Volatility
TAIL vs. LGLV - Volatility Comparison
Cambria Tail Risk ETF (TAIL) has a higher volatility of 4.39% compared to SPDR SSGA US Large Cap Low Volatility Index ETF (LGLV) at 3.11%. This indicates that TAIL's price experiences larger fluctuations and is considered to be riskier than LGLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TAIL | LGLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.39% | 3.11% | +1.28% |
Volatility (6M)Calculated over the trailing 6-month period | 7.04% | 6.63% | +0.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.81% | 12.78% | +5.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.89% | 12.93% | +1.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.06% | 16.10% | -1.04% |