TSCV vs. CAOS

Last updated Aug 1, 2026

TSCV (Thrivent Small Cap Value ETF) and CAOS (Alpha Architect Tail Risk ETF) are both exchange-traded funds - TSCV is a Small Cap Value Equities fund actively managed by Thrivent, while CAOS is a Options Trading fund actively managed by Alpha Architect. Both are actively managed. Their -0.31 correlation means they have often moved in opposite directions in the past. TSCV charges 0.60%/yr vs 0.63%/yr for CAOS.

Performance

TSCV vs. CAOS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Thrivent Small Cap Value ETF (TSCV) 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, TSCV achieves a 20.85% return, which is significantly higher than CAOS's 0.76% return.

TSCV

• 1D: 0.17%
• 1M: -0.18%
• 6M: 12.42%
• YTD: 20.85%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CAOS Alpha Architect Tail Risk ETF	$6.81M	$5.39M	$5.09M
TSCV Thrivent Small Cap Value ETF	$63.49K	$44.24K	$64.04K

TSCV vs. CAOS - Yearly Performance Comparison

	2026 (YTD)	2025
TSCV Thrivent Small Cap Value ETF	20.85%	6.24%
CAOS Alpha Architect Tail Risk ETF	0.76%	-0.09%

Correlation

The correlation between TSCV and CAOS is -0.31, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025	-0.31

Return for Risk

TSCV vs. CAOS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

TSCV

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

CAOS

CAOS Risk / Return Rank: 56
CAOS Sharpe Ratio Rank: 49
CAOS Sortino Ratio Rank: 55
CAOS Omega Ratio Rank: 54
CAOS Calmar Ratio Rank: 72
CAOS Martin Ratio Rank: 48

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

TSCV vs. CAOS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Thrivent Small Cap Value ETF (TSCV) 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.

	TSCV	CAOS	Difference
Sharpe ratio: Return per unit of total volatility	—	1.19	—
Sortino ratio: Return per unit of downside risk	—	1.89	—
Omega ratio: Gain probability vs. loss probability	—	1.24	—
Calmar ratio: Return relative to maximum drawdown	—	2.47	—
Martin ratio: Return relative to average drawdown	—	5.45	—

Drawdowns

TSCV vs. CAOS - Drawdown Comparison

The maximum TSCV drawdown since its inception was -10.17%, which is greater than CAOS's maximum drawdown of -3.89%. Use the drawdown chart below to compare losses from any high point for TSCV and CAOS.

Drawdown Indicators

	TSCV	CAOS	Difference
Max Drawdown Largest peak-to-trough decline	-10.17%	-3.89%	-6.28%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.76%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-3.60%	—
Current Drawdown Current decline from peak	-1.75%	-1.13%	-0.62%
Average Drawdown Average peak-to-trough decline	-1.87%	-0.92%	-0.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.34%	—

Volatility

Volatility by Period

	TSCV	CAOS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.51%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.07%	—
Volatility (1Y) Calculated over the trailing 1-year period	16.11%	1.57%	+14.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.11%	4.18%	+11.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.11%	4.18%	+11.93%

TSCV vs. CAOS - Expense Ratio Comparison

TSCV has a 0.60% expense ratio, which is lower than CAOS's 0.63% expense ratio.

Dividends

TSCV vs. CAOS - Dividend Comparison

TSCV's dividend yield for the trailing twelve months is around 0.23%, while CAOS has not paid dividends to shareholders.

Position	TTM	2025
CAOS Alpha Architect Tail Risk ETF	0.00%	0.00%
TSCV Thrivent Small Cap Value ETF	0.23%	0.28%

Frequently Asked Questions

Can I hold both TSCV and CAOS in my portfolio?

TSCV and CAOS have a correlation of -0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TSCV or CAOS?

On fees, TSCV is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TSCV or CAOS?

TSCV is cheaper with a 0.60% expense ratio, compared with 0.63% for CAOS.

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

TSCV has the higher dividend yield at 0.23%, compared with 0.00% for CAOS.

What is the main difference between TSCV and CAOS?

TSCV is categorized as Small Cap Value Equities, while CAOS is Options Trading. They also come from different issuers: Thrivent and Alpha Architect. Their fees differ too: 0.60% for TSCV and 0.63% for CAOS.