UDI vs. CAOS

Last updated Aug 2, 2026

UDI (USCF ESG Dividend Income Fund) and CAOS (Alpha Architect Tail Risk ETF) are both exchange-traded funds - UDI is a Large Cap Value Equities fund actively managed by USCF, while CAOS is a Options Trading fund actively managed by Alpha Architect. Both are actively managed. Over the past 3 years, UDI returned 17.02%/yr vs 3.48%/yr for CAOS. Their 0.08 correlation means their historical movements had little consistent relationship. UDI charges 0.65%/yr vs 0.63%/yr for CAOS.

Performance

UDI vs. CAOS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in USCF ESG Dividend Income Fund (UDI) 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, UDI achieves a 16.78% return, which is significantly higher than CAOS's 0.76% return.

UDI

• 1D: 0.09%
• 1M: 2.84%
• 6M: 12.51%
• YTD: 16.78%
• 1Y: 27.73%
• 3Y*: 17.02%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 13.87%

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
UDI USCF ESG Dividend Income Fund	$39.69K	$57.87K	$43.48K

UDI vs. CAOS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
UDI USCF ESG Dividend Income Fund	16.78%	14.23%	17.07%	3.00%
CAOS Alpha Architect Tail Risk ETF	0.76%	2.55%	5.33%	7.43%

Correlation

The correlation between UDI and CAOS is -0.18, 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.	-0.18
Correlation (3Y) Balances recent behavior with more history.	-0.04
Correlation (All Time) Calculated using the full available price history since Mar 6, 2023	0.08

The correlation between UDI and CAOS shifts across timeframes, from -0.18 (1 year) to 0.08 (all time), reflecting how their relationship changes across market environments.

Return for Risk

UDI vs. CAOS — Risk / Return Rank

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

UDI

UDI Risk / Return Rank: 94
UDI Sharpe Ratio Rank: 94
UDI Sortino Ratio Rank: 94
UDI Omega Ratio Rank: 92
UDI Calmar Ratio Rank: 93
UDI Martin Ratio Rank: 94

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.

UDI vs. CAOS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for USCF ESG Dividend Income Fund (UDI) 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.

	UDI	CAOS	Difference
Sharpe ratio: Return per unit of total volatility	2.64	1.19	+1.45
Sortino ratio: Return per unit of downside risk	3.85	1.89	+1.96
Omega ratio: Gain probability vs. loss probability	1.46	1.24	+0.22
Calmar ratio: Return relative to maximum drawdown	4.71	2.47	+2.24
Martin ratio: Return relative to average drawdown	18.68	5.45	+13.24

UDI vs. CAOS - Sharpe Ratio Comparison

The current UDI Sharpe Ratio is 2.64, which is higher than the CAOS Sharpe Ratio of 1.19. The chart below compares the historical Sharpe Ratios of UDI 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

UDI vs. CAOS - Drawdown Comparison

The maximum UDI drawdown since its inception was -14.17%, which is greater than CAOS's maximum drawdown of -3.89%. Use the drawdown chart below to compare losses from any high point for UDI and CAOS.

Drawdown Indicators

	UDI	CAOS	Difference
Max Drawdown Largest peak-to-trough decline	-14.17%	-3.89%	-10.28%
Max Drawdown (1Y) Largest decline over 1 year	-5.66%	-0.76%	-4.90%
Max Drawdown (3Y) Largest decline over 3 years	-14.17%	-3.60%	-10.57%
Current Drawdown Current decline from peak	-1.08%	-1.13%	+0.05%
Average Drawdown Average peak-to-trough decline	-3.00%	-0.92%	-2.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.42%	0.34%	+1.08%

Volatility

UDI vs. CAOS - Volatility Comparison

USCF ESG Dividend Income Fund (UDI) has a higher volatility of 3.13% compared to Alpha Architect Tail Risk ETF (CAOS) at 0.51%. This indicates that UDI'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

	UDI	CAOS	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.13%	0.51%	+2.62%
Volatility (6M) Calculated over the trailing 6-month period	7.37%	1.07%	+6.30%
Volatility (1Y) Calculated over the trailing 1-year period	10.16%	1.57%	+8.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.93%	4.18%	+9.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.93%	4.18%	+9.75%

UDI vs. CAOS - Expense Ratio Comparison

UDI has a 0.65% expense ratio, which is higher than CAOS's 0.63% expense ratio.

Dividends

UDI vs. CAOS - Dividend Comparison

UDI's dividend yield for the trailing twelve months is around 2.56%, while CAOS has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
CAOS Alpha Architect Tail Risk ETF	0.00%	0.00%	0.00%	0.00%	0.00%
UDI USCF ESG Dividend Income Fund	2.56%	2.42%	5.33%	2.61%	1.79%

Frequently Asked Questions

Can I hold both UDI and CAOS in my portfolio?

UDI and CAOS have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UDI or CAOS?

UDI has higher volatility (3.13%) compared to CAOS (0.51%). In terms of maximum drawdown, UDI dropped -14.17% vs CAOS's -3.89%.

Which ETF is better, UDI or CAOS?

On 3-year performance, UDI leads with 17.02% vs 3.48% for CAOS. On fees, CAOS is cheaper at 0.63% per year. 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, UDI or CAOS?

Over the 3-year period, UDI has performed better with a 17.02% return vs 3.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UDI or CAOS?

CAOS is cheaper with a 0.63% expense ratio, compared with 0.65% for UDI.

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

UDI has the higher dividend yield at 2.56%, compared with 0.00% for CAOS.

What is the main difference between UDI and CAOS?

UDI is categorized as Large Cap Value Equities, while CAOS is Options Trading. They also come from different issuers: USCF and Alpha Architect. Their fees differ too: 0.65% for UDI and 0.63% for CAOS.

Which has better risk-adjusted returns?

UDI currently has the higher Sharpe Ratio (2.64 vs 1.19), 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.