USXF vs. CAOS
USXF (iShares ESG Advanced MSCI USA ETF) and CAOS (Alpha Architect Tail Risk ETF) are both exchange-traded funds - USXF is a Large Cap Growth Equities fund tracking the MSCI USA Choice ESG Screened Index, while CAOS is a Options Trading fund actively managed by Alpha Architect. USXF is passively managed, while CAOS is actively managed. Over the past 3 years, USXF returned 22.53%/yr vs 3.48%/yr for CAOS. Their 0.05 correlation means their historical movements had little consistent relationship. USXF charges 0.10%/yr vs 0.63%/yr for CAOS.
Performance
USXF vs. CAOS - Performance Comparison
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Returns By Period
In the year-to-date period, USXF achieves a 15.33% return, which is significantly higher than CAOS's 0.76% return.
USXF
- 1D
- 0.18%
- 1M
- -1.67%
- 6M
- 12.80%
- YTD
- 15.33%
- 1Y
- 22.27%
- 3Y*
- 22.53%
- 5Y*
- 13.51%
- 10Y*
- —
- ALL TIME*
- 18.07%
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%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $6.81M | $5.39M | $5.09M | |
| $4.83M | $3.89M | $4.14M |
USXF vs. CAOS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
USXF iShares ESG Advanced MSCI USA ETF | 15.33% | 16.97% | 26.16% | 23.29% |
CAOS Alpha Architect Tail Risk ETF | 0.76% | 2.55% | 5.33% | 7.43% |
Correlation
The correlation between USXF and CAOS is -0.34, 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. | -0.34 |
Correlation (3Y) Balances recent behavior with more history. | -0.08 |
Correlation (All Time) Calculated using the full available price history since Mar 6, 2023 | 0.05 |
The correlation between USXF and CAOS shifts across timeframes, from -0.34 (1 year) to 0.05 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
USXF vs. CAOS — Risk / Return Rank
USXF
CAOS
USXF vs. CAOS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG Advanced MSCI USA ETF (USXF) 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.
| USXF | CAOS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.24 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.02 | 2.47 | -0.45 |
| Martin ratioReturn relative to average drawdown | 7.03 | 5.45 | +1.58 |
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Drawdowns
USXF vs. CAOS - Drawdown Comparison
The maximum USXF drawdown since its inception was -29.54%, which is greater than CAOS's maximum drawdown of -3.89%. Use the drawdown chart below to compare losses from any high point for USXF and CAOS.
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Drawdown Indicators
| USXF | CAOS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.54% | -3.89% | -25.65% |
Max Drawdown (1Y)Largest decline over 1 year | -10.19% | -0.76% | -9.43% |
Max Drawdown (3Y)Largest decline over 3 years | -20.93% | -3.60% | -17.33% |
Max Drawdown (5Y)Largest decline over 5 years | -29.54% | — | — |
Current DrawdownCurrent decline from peak | -4.99% | -1.13% | -3.86% |
Average DrawdownAverage peak-to-trough decline | -6.34% | -0.92% | -5.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.93% | 0.34% | +2.59% |
Volatility
USXF vs. CAOS - Volatility Comparison
iShares ESG Advanced MSCI USA ETF (USXF) has a higher volatility of 6.05% compared to Alpha Architect Tail Risk ETF (CAOS) at 0.51%. This indicates that USXF'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.
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Volatility by Period
| USXF | CAOS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.05% | 0.51% | +5.54% |
Volatility (6M)Calculated over the trailing 6-month period | 15.50% | 1.07% | +14.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.73% | 1.57% | +17.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.01% | 4.18% | +15.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.38% | 4.18% | +15.20% |
USXF vs. CAOS - Expense Ratio Comparison
USXF has a 0.10% expense ratio, which is lower than CAOS's 0.63% expense ratio.
Dividends
USXF vs. CAOS - Dividend Comparison
USXF's dividend yield for the trailing twelve months is around 0.83%, while CAOS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
CAOS Alpha Architect Tail Risk ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USXF iShares ESG Advanced MSCI USA ETF | 0.83% | 0.93% | 1.00% | 1.21% | 1.39% | 0.86% | 0.58% |
Frequently Asked Questions
USXF 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.
USXF has higher volatility (6.05%) compared to CAOS (0.51%). In terms of maximum drawdown, USXF dropped -29.54% vs CAOS's -3.89%.
On 3-year performance, USXF leads with 22.53% vs 3.48% for CAOS. On fees, USXF is cheaper at 0.10% 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.
Over the 3-year period, USXF has performed better with a 22.53% return vs 3.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USXF is cheaper with a 0.10% expense ratio, compared with 0.63% for CAOS.
USXF has the higher dividend yield at 0.83%, compared with 0.00% for CAOS.
USXF is categorized as Large Cap Growth Equities, while CAOS is Options Trading. They also come from different issuers: iShares and Alpha Architect. Their fees differ too: 0.10% for USXF and 0.63% for CAOS.
CAOS currently has the higher Sharpe Ratio (1.19 vs 1.10), 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.
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