TTEQ vs. CAOS

Last updated Aug 2, 2026

TTEQ (T. Rowe Price Technology ETF) and CAOS (Alpha Architect Tail Risk ETF) are both exchange-traded funds - TTEQ is a Technology Equities fund actively managed by T. Rowe Price, while CAOS is a Options Trading fund actively managed by Alpha Architect. Both are actively managed. Over the past year, TTEQ returned 33.92% vs 1.73% for CAOS. Their -0.31 correlation means they have often moved in opposite directions in the past. Both charge a 0.63% expense ratio.

Performance

TTEQ vs. CAOS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Technology ETF (TTEQ) 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, TTEQ achieves a 21.12% return, which is significantly higher than CAOS's 0.76% return.

TTEQ

• 1D: 1.05%
• 1M: -6.06%
• 6M: 19.20%
• YTD: 21.12%
• 1Y: 33.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 26.60%

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
TTEQ T. Rowe Price Technology ETF	$5.79M	$4.90M	$6.00M

TTEQ vs. CAOS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
TTEQ T. Rowe Price Technology ETF	21.12%	24.25%	0.78%
CAOS Alpha Architect Tail Risk ETF	0.76%	2.55%	0.63%

Correlation

The correlation between TTEQ 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 (1Y) Focuses on recent behavior, but can change the most.	-0.31
Correlation (All Time) Calculated using the full available price history since Oct 24, 2024	-0.31

Return for Risk

TTEQ vs. CAOS — Risk / Return Rank

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

TTEQ

TTEQ Risk / Return Rank: 43
TTEQ Sharpe Ratio Rank: 43
TTEQ Sortino Ratio Rank: 41
TTEQ Omega Ratio Rank: 42
TTEQ Calmar Ratio Rank: 46
TTEQ Martin Ratio Rank: 43

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.

TTEQ vs. CAOS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Technology ETF (TTEQ) 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.

	TTEQ	CAOS	Difference
Sharpe ratio: Return per unit of total volatility	1.05	1.19	-0.14
Sortino ratio: Return per unit of downside risk	1.52	1.89	-0.37
Omega ratio: Gain probability vs. loss probability	1.19	1.24	-0.04
Calmar ratio: Return relative to maximum drawdown	1.64	2.47	-0.83
Martin ratio: Return relative to average drawdown	4.73	5.45	-0.72

TTEQ vs. CAOS - Sharpe Ratio Comparison

The current TTEQ Sharpe Ratio is 1.05, which is comparable to the CAOS Sharpe Ratio of 1.19. The chart below compares the historical Sharpe Ratios of TTEQ 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.

Drawdowns

TTEQ vs. CAOS - Drawdown Comparison

The maximum TTEQ drawdown since its inception was -26.97%, which is greater than CAOS's maximum drawdown of -3.89%. Use the drawdown chart below to compare losses from any high point for TTEQ and CAOS.

Drawdown Indicators

	TTEQ	CAOS	Difference
Max Drawdown Largest peak-to-trough decline	-26.97%	-3.89%	-23.08%
Max Drawdown (1Y) Largest decline over 1 year	-18.53%	-0.76%	-17.77%
Max Drawdown (3Y) Largest decline over 3 years	—	-3.60%	—
Current Drawdown Current decline from peak	-13.22%	-1.13%	-12.09%
Average Drawdown Average peak-to-trough decline	-5.08%	-0.92%	-4.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.42%	0.34%	+6.08%

Volatility

TTEQ vs. CAOS - Volatility Comparison

T. Rowe Price Technology ETF (TTEQ) has a higher volatility of 11.45% compared to Alpha Architect Tail Risk ETF (CAOS) at 0.51%. This indicates that TTEQ'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

	TTEQ	CAOS	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.45%	0.51%	+10.94%
Volatility (6M) Calculated over the trailing 6-month period	25.09%	1.07%	+24.02%
Volatility (1Y) Calculated over the trailing 1-year period	28.88%	1.57%	+27.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.38%	4.18%	+25.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.38%	4.18%	+25.20%

TTEQ vs. CAOS - Expense Ratio Comparison

Both TTEQ and CAOS have an expense ratio of 0.63%.

Dividends

TTEQ vs. CAOS - Dividend Comparison

Neither TTEQ nor CAOS has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both TTEQ and CAOS in my portfolio?

TTEQ 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 is riskier, TTEQ or CAOS?

TTEQ has higher volatility (11.45%) compared to CAOS (0.51%). In terms of maximum drawdown, TTEQ dropped -26.97% vs CAOS's -3.89%.

Which ETF is better, TTEQ or CAOS?

On 1-year performance, TTEQ leads with 33.92% vs 1.73% for CAOS. Both ETFs have the same 0.63% expense ratio. 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.

Which ETF has performed better, TTEQ or CAOS?

Over the 1-year period, TTEQ has performed better with a 33.92% return vs 1.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TTEQ or CAOS?

TTEQ and CAOS have the same expense ratio: 0.63% per year.

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

TTEQ and CAOS have nearly identical dividend yields, around 0.00%.

What is the main difference between TTEQ and CAOS?

TTEQ is categorized as Technology Equities, while CAOS is Options Trading. They also come from different issuers: T. Rowe Price and Alpha Architect.

Which has better risk-adjusted returns?

CAOS currently has the higher Sharpe Ratio (1.19 vs 1.05), 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.