TOV vs. CAOS

Last updated Jun 5, 2026

TOV (JLens 500 Jewish Advocacy U.S. ETF) and CAOS (Alpha Architect Tail Risk ETF) are both exchange-traded funds - TOV is a Large Cap Blend Equities fund tracking the JLens 500 Jewish Advocacy U.S. Index, while CAOS is a Options Trading fund actively managed by Alpha Architect. TOV is passively managed, while CAOS is actively managed. Over the past year, TOV returned 28.54% vs 1.85% for CAOS. At a correlation of -0.36, they often move in opposite directions. TOV charges 0.18%/yr vs 0.63%/yr for CAOS.

Performance

TOV vs. CAOS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JLens 500 Jewish Advocacy U.S. ETF (TOV) 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, TOV achieves a 11.66% return, which is significantly higher than CAOS's 0.77% return.

TOV

• 1D: 0.31%
• 1M: 4.81%
• YTD: 11.66%
• 6M: 11.39%
• 1Y: 28.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CAOS

• 1D: -0.04%
• 1M: -0.05%
• YTD: 0.77%
• 6M: 0.63%
• 1Y: 1.85%
• 3Y*: 4.27%
• 5Y*: —
• 10Y*: —

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

TOV vs. CAOS - Yearly Performance Comparison

	2026 (YTD)	2025
TOV JLens 500 Jewish Advocacy U.S. ETF	11.66%	17.49%
CAOS Alpha Architect Tail Risk ETF	0.77%	2.28%

Correlation

The correlation between TOV and CAOS is -0.34, 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	-0.34
Correlation (All Time) Calculated using the full available price history since Feb 28, 2025	-0.36

TOV vs. CAOS - Sectors Allocation Comparison

Sectors	TOV	CAOS
Technology	35.7%	33.1%
Financial Services	11.9%	12.4%
Communication Services	11.5%	10.4%
Consumer Cyclical	9.8%	10.0%
Healthcare	8.7%	9.6%
Industrials	8.4%	8.5%
Consumer Defensive	4.8%	5.4%
Energy	3.6%	4.1%
Utilities	2.2%	2.6%
Real Estate	1.7%	2.0%
Basic Materials	1.6%	1.9%

Return for Risk

TOV vs. CAOS — Risk / Return Rank

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

TOV

TOV Risk / Return Rank: 72
TOV Sharpe Ratio Rank: 73
TOV Sortino Ratio Rank: 72
TOV Omega Ratio Rank: 72
TOV Calmar Ratio Rank: 66
TOV Martin Ratio Rank: 77

CAOS

CAOS Risk / Return Rank: 40
CAOS Sharpe Ratio Rank: 35
CAOS Sortino Ratio Rank: 38
CAOS Omega Ratio Rank: 39
CAOS Calmar Ratio Rank: 51
CAOS Martin Ratio Rank: 39

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.

TOV vs. CAOS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JLens 500 Jewish Advocacy U.S. ETF (TOV) 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.

	TOV	CAOS	Difference
Sharpe ratio: Return per unit of total volatility	2.35	1.22	+1.13
Sortino ratio: Return per unit of downside risk	3.21	1.94	+1.27
Omega ratio: Gain probability vs. loss probability	1.42	1.25	+0.17
Calmar ratio: Return relative to maximum drawdown	3.22	2.45	+0.78
Martin ratio: Return relative to average drawdown	14.38	6.09	+8.29
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TOV vs. CAOS - Sharpe Ratio Comparison

The current TOV Sharpe Ratio is 2.35, which is higher than the CAOS Sharpe Ratio of 1.22. The chart below compares the historical Sharpe Ratios of TOV 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.

Sharpe Ratios by Period

	TOV	CAOS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.35	1.22	+1.13
Sharpe Ratio (All Time) Calculated using the full available price history	1.35	1.21	+0.14

Drawdowns

TOV vs. CAOS - Drawdown Comparison

The maximum TOV drawdown since its inception was -16.28%, which is greater than CAOS's maximum drawdown of -3.60%. Use the drawdown chart below to compare losses from any high point for TOV and CAOS.

Drawdown Indicators

	TOV	CAOS	Difference
Max Drawdown Largest peak-to-trough decline	-16.28%	-3.60%	-12.68%
Max Drawdown (1Y) Largest decline over 1 year	-8.89%	-0.76%	-8.13%
Max Drawdown (3Y) Largest decline over 3 years	—	-3.60%	—
Current Drawdown Current decline from peak	-0.29%	-1.11%	+0.82%
Average Drawdown Average peak-to-trough decline	-2.04%	-0.90%	-1.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.99%	0.30%	+1.69%

Volatility

TOV vs. CAOS - Volatility Comparison

JLens 500 Jewish Advocacy U.S. ETF (TOV) has a higher volatility of 3.68% compared to Alpha Architect Tail Risk ETF (CAOS) at 0.25%. This indicates that TOV'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

	TOV	CAOS	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.68%	0.25%	+3.43%
Volatility (6M) Calculated over the trailing 6-month period	9.37%	1.03%	+8.34%
Volatility (1Y) Calculated over the trailing 1-year period	12.22%	1.52%	+10.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.84%	4.25%	+13.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.84%	4.25%	+13.59%

TOV vs. CAOS - Expense Ratio Comparison

TOV has a 0.18% expense ratio, which is lower than CAOS's 0.63% expense ratio.

Dividends

TOV vs. CAOS - Dividend Comparison

TOV's dividend yield for the trailing twelve months is around 0.82%, while CAOS has not paid dividends to shareholders.

Position	TTM	2025
CAOS Alpha Architect Tail Risk ETF	0.00%	0.00%
TOV JLens 500 Jewish Advocacy U.S. ETF	0.82%	0.76%

Frequently Asked Questions

Can I hold both TOV and CAOS in my portfolio?

TOV and CAOS have a correlation of -0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TOV or CAOS?

TOV has higher volatility (3.68%) compared to CAOS (0.25%). In terms of maximum drawdown, TOV dropped -16.28% vs CAOS's -3.60%.

Which ETF is better, TOV or CAOS?

On 1-year performance, TOV leads with 28.54% vs 1.85% for CAOS. On fees, TOV is cheaper at 0.18% per year. On volatility, CAOS has been the lower-risk option at 0.25%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TOV or CAOS?

Over the 1-year period, TOV has performed better with a 28.54% return vs 1.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TOV or CAOS?

TOV is cheaper with a 0.18% expense ratio, compared with 0.63% for CAOS.

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

TOV has the higher dividend yield at 0.82%, compared with 0.00% for CAOS.

What is the main difference between TOV and CAOS?

TOV is categorized as Large Cap Blend Equities, while CAOS is Options Trading. They also come from different issuers: JLens and Alpha Architect. Their fees differ too: 0.18% for TOV and 0.63% for CAOS.

Which has better risk-adjusted returns?

TOV currently has the higher Sharpe Ratio (2.35 vs 1.22), 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.