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USD=X vs. TAIL
Performance
Return for Risk
Drawdowns
Volatility

USD=X vs. TAIL

Last updated Jun 15, 2026

USD=X (USD Cash) is a currency, while TAIL (Cambria Tail Risk ETF) is Volatility Hedged Equity fund actively managed by Cambria. Over the past 5 years, USD=X returned 0.00%/yr vs -8.40%/yr for TAIL.

Performance

USD=X vs. TAIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in USD Cash (USD=X) and Cambria Tail Risk ETF (TAIL). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

USD=X

1D
0.00%
1M
0.00%
YTD
0.00%
6M
0.00%
1Y
0.00%
3Y*
0.00%
5Y*
0.00%
10Y*
0.00%

TAIL

1D
-0.60%
1M
0.14%
YTD
-5.78%
6M
-6.25%
1Y
-8.88%
3Y*
-4.93%
5Y*
-8.40%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

USD=X vs. TAIL - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
USD=X
USD Cash		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
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%

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USD Cash

Cambria Tail Risk ETF

Often compared with USD=X:
USD=X vs. UUPUSD=X vs. EUR=XUSD=X vs. XRP-USDUSD=X vs. BTC-USDUSD=X vs. QQQUSD=X vs. TSLAUSD=X vs. USDX
Often compared with TAIL:
TAIL vs. CAOSTAIL vs. SPYTAIL vs. BTALTAIL vs. XTRTAIL vs. QTRTAIL vs. DRSKTAIL vs. SJB

Return for Risk

USD=X vs. TAIL — Risk / Return Rank

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

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

TAIL
TAIL Risk / Return Rank: 22
Overall Rank
TAIL Sharpe Ratio Rank: 22
Sharpe Ratio Rank
TAIL Sortino Ratio Rank: 22
Sortino Ratio Rank
TAIL Omega Ratio Rank: 22
Omega Ratio Rank
TAIL Calmar Ratio Rank: 33
Calmar Ratio Rank
TAIL Martin Ratio Rank: 00
Martin Ratio Rank
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.

USD=X vs. TAIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for USD Cash (USD=X) and Cambria Tail Risk ETF (TAIL). 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.

USD=XTAILDifference
Sharpe ratioReturn per unit of total volatility

—

-1.00

—

Sortino ratioReturn per unit of downside risk

—

-1.43

—

Omega ratioGain probability vs. loss probability

—

0.84

—

Calmar ratioReturn relative to maximum drawdown

—

-0.78

—

Martin ratioReturn relative to average drawdown

—

-1.82

—

USD=X vs. TAIL - Sharpe Ratio Comparison

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Drawdowns

USD=X vs. TAIL - Drawdown Comparison

The maximum USD=X drawdown since its inception was 0.00%, smaller than the maximum TAIL drawdown of -52.36%. Use the drawdown chart below to compare losses from any high point for USD=X and TAIL.

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Drawdown Indicators

USD=XTAILDifference

Max Drawdown

Largest peak-to-trough decline

0.00%

-52.36%

+52.36%

Max Drawdown (1Y)

Largest decline over 1 year

0.00%

-10.99%

+10.99%

Max Drawdown (3Y)

Largest decline over 3 years

0.00%

-20.69%

+20.69%

Max Drawdown (5Y)

Largest decline over 5 years

0.00%

-38.44%

+38.44%

Max Drawdown (10Y)

Largest decline over 10 years

0.00%

—

—

Current Drawdown

Current decline from peak

0.00%

-51.35%

+51.35%

Average Drawdown

Average peak-to-trough decline

0.00%

-29.18%

+29.18%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.00%

4.68%

-4.68%

Volatility

USD=X vs. TAIL - Volatility Comparison

The current volatility for USD Cash (USD=X) is 0.00%, while Cambria Tail Risk ETF (TAIL) has a volatility of 1.51%. This indicates that USD=X experiences smaller price fluctuations and is considered to be less risky than TAIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

USD=XTAILDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.00%

1.51%

-1.51%

Volatility (6M)

Calculated over the trailing 6-month period

0.00%

6.56%

-6.56%

Volatility (1Y)

Calculated over the trailing 1-year period

0.00%

8.51%

-8.51%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

0.00%

14.91%

-14.91%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

0.00%

14.92%

-14.92%

Frequently Asked Questions

TAIL has higher volatility (1.51%) compared to USD=X (0.00%). In terms of maximum drawdown, USD=X dropped 0.00% vs TAIL's -52.36%.

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