TAIL vs. VT

Last updated Jun 14, 2026

TAIL (Cambria Tail Risk ETF) and VT (Vanguard Total World Stock ETF) are both exchange-traded funds - TAIL is a Volatility Hedged Equity fund actively managed by Cambria, while VT is a Global Equities fund tracking the FTSE Global All Cap Index. TAIL is actively managed, while VT is passively managed. Over the past 5 years, TAIL returned -8.40%/yr vs 10.65%/yr for VT. At a correlation of -0.65, they often move in opposite directions. TAIL charges 0.59%/yr vs 0.06%/yr for VT.

Performance

TAIL vs. VT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cambria Tail Risk ETF (TAIL) and Vanguard Total World Stock ETF (VT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TAIL achieves a -5.78% return, which is significantly lower than VT's 11.06% return.

TAIL

• 1D: -0.60%
• 1M: -0.32%
• YTD: -5.78%
• 6M: -6.25%
• 1Y: -8.88%
• 3Y*: -4.93%
• 5Y*: -8.40%
• 10Y*: —

VT

• 1D: 0.44%
• 1M: 0.17%
• YTD: 11.06%
• 6M: 11.82%
• 1Y: 27.43%
• 3Y*: 19.71%
• 5Y*: 10.65%
• 10Y*: 12.93%

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

TAIL vs. VT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TAIL Cambria Tail Risk ETF	-5.78%	5.48%	-9.62%	-13.29%	-13.13%	-12.81%	6.91%	-14.27%	2.85%	-7.55%
VT Vanguard Total World Stock ETF	11.06%	22.43%	16.49%	22.02%	-18.00%	18.27%	16.59%	26.81%	-9.76%	11.35%

Correlation

The correlation between TAIL and VT is -0.56, 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	-0.56
Correlation (3Y) Calculated over the trailing 3-year period	-0.50
Correlation (5Y) Calculated over the trailing 5-year period	-0.62
Correlation (All Time) Calculated using the full available price history since Jun 13, 2017	-0.65

The correlation between TAIL and VT shifts across timeframes, from -0.65 (all time) to -0.50 (3 years), reflecting how their relationship changes across market environments.

TAIL vs. VT - Sectors Allocation Comparison

Sectors	TAIL	VT
Technology	39.0%	27.8%
Financial Services	11.1%	15.9%
Communication Services	10.6%	8.3%
Consumer Cyclical	9.9%	9.5%
Healthcare	8.3%	8.1%
Industrials	7.8%	12.0%
Consumer Defensive	4.5%	4.8%
Energy	3.1%	4.3%
Utilities	2.1%	2.7%
Real Estate	1.8%	2.4%
Basic Materials	1.7%	4.2%

Return for Risk

TAIL vs. VT — Risk / Return Rank

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

TAIL

TAIL Risk / Return Rank: 2
TAIL Sharpe Ratio Rank: 2
TAIL Sortino Ratio Rank: 2
TAIL Omega Ratio Rank: 2
TAIL Calmar Ratio Rank: 3
TAIL Martin Ratio Rank: 0

VT

VT Risk / Return Rank: 68
VT Sharpe Ratio Rank: 69
VT Sortino Ratio Rank: 68
VT Omega Ratio Rank: 69
VT Calmar Ratio Rank: 62
VT Martin Ratio Rank: 72

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.

TAIL vs. VT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cambria Tail Risk ETF (TAIL) and Vanguard Total World Stock ETF (VT). 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.

	TAIL	VT	Difference
Sharpe ratio: Return per unit of total volatility	-1.00	1.94	-2.94
Sortino ratio: Return per unit of downside risk	-1.43	2.67	-4.10
Omega ratio: Gain probability vs. loss probability	0.84	1.35	-0.51
Calmar ratio: Return relative to maximum drawdown	-0.78	2.68	-3.46
Martin ratio: Return relative to average drawdown	-1.82	11.67	-13.49

TAIL vs. VT - Sharpe Ratio Comparison

The current TAIL Sharpe Ratio is -1.00, which is lower than the VT Sharpe Ratio of 1.94. The chart below compares the historical Sharpe Ratios of TAIL and VT, 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

TAIL vs. VT - Drawdown Comparison

The maximum TAIL drawdown since its inception was -52.36%, roughly equal to the maximum VT drawdown of -50.27%. Use the drawdown chart below to compare losses from any high point for TAIL and VT.

Drawdown Indicators

	TAIL	VT	Difference
Max Drawdown Largest peak-to-trough decline	-52.36%	-50.27%	-2.09%
Max Drawdown (1Y) Largest decline over 1 year	-10.99%	-9.67%	-1.32%
Max Drawdown (3Y) Largest decline over 3 years	-20.69%	-16.51%	-4.18%
Max Drawdown (5Y) Largest decline over 5 years	-38.44%	-26.38%	-12.06%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.24%	—
Current Drawdown Current decline from peak	-51.35%	-1.92%	-49.43%
Average Drawdown Average peak-to-trough decline	-29.18%	-7.01%	-22.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.68%	2.22%	+2.46%

Volatility

TAIL vs. VT - Volatility Comparison

The current volatility for Cambria Tail Risk ETF (TAIL) is 1.51%, while Vanguard Total World Stock ETF (VT) has a volatility of 5.26%. This indicates that TAIL experiences smaller price fluctuations and is considered to be less risky than VT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TAIL	VT	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.51%	5.26%	-3.75%
Volatility (6M) Calculated over the trailing 6-month period	6.56%	11.01%	-4.45%
Volatility (1Y) Calculated over the trailing 1-year period	8.51%	13.38%	-4.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.91%	16.15%	-1.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.92%	17.27%	-2.35%

TAIL vs. VT - Expense Ratio Comparison

TAIL has a 0.59% expense ratio, which is higher than VT's 0.06% expense ratio.

Dividends

TAIL vs. VT - Dividend Comparison

TAIL's dividend yield for the trailing twelve months is around 3.48%, more than VT's 1.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TAIL Cambria Tail Risk ETF	3.48%	2.88%	3.48%	3.74%	1.50%	0.49%	0.36%	1.58%	1.52%	0.91%	0.00%	0.00%
VT Vanguard Total World Stock ETF	1.61%	1.82%	1.95%	2.08%	2.20%	1.82%	1.66%	2.32%	2.53%	2.11%	2.39%	2.45%

Frequently Asked Questions

Can I hold both TAIL and VT in my portfolio?

TAIL and VT have a correlation of -0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TAIL or VT?

VT has higher volatility (5.26%) compared to TAIL (1.51%). In terms of maximum drawdown, TAIL dropped -52.36% vs VT's -50.27%.

Which ETF is better, TAIL or VT?

On 5-year performance, VT leads with 10.65% vs -8.40% for TAIL. On fees, VT is cheaper at 0.06% per year. On volatility, TAIL has been the lower-risk option at 1.51%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TAIL or VT?

Over the 5-year period, VT has performed better with a 10.65% return vs -8.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TAIL or VT?

VT is cheaper with a 0.06% expense ratio, compared with 0.59% for TAIL.

Which ETF pays a higher dividend yield, TAIL or VT?

TAIL has the higher dividend yield at 3.48%, compared with 1.61% for VT.

What is the main difference between TAIL and VT?

TAIL is categorized as Volatility Hedged Equity, while VT is Global Equities. They also come from different issuers: Cambria and Vanguard. Their fees differ too: 0.59% for TAIL and 0.06% for VT.

Which has better risk-adjusted returns?

VT currently has the higher Sharpe Ratio (1.94 vs -1.00), 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.