VICE vs. CAOS
VICE (AdvisorShares Vice ETF) and CAOS (Alpha Architect Tail Risk ETF) are both exchange-traded funds - VICE is a Consumer Discretionary Equities fund actively managed by AdvisorShares, while CAOS is a Options Trading fund actively managed by Alpha Architect. Both are actively managed. Over the past 3 years, VICE returned 5.90%/yr vs 3.48%/yr for CAOS. Their 0.07 correlation means their historical movements had little consistent relationship. VICE charges 0.99%/yr vs 0.63%/yr for CAOS.
Performance
VICE vs. CAOS - Performance Comparison
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Returns By Period
In the year-to-date period, VICE achieves a 4.78% return, which is significantly higher than CAOS's 0.76% return.
VICE
- 1D
- -0.28%
- 1M
- -0.77%
- 6M
- 2.71%
- YTD
- 4.78%
- 1Y
- -4.25%
- 3Y*
- 5.90%
- 5Y*
- 1.67%
- 10Y*
- —
- ALL TIME*
- 4.50%
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 | |
| $15.61K | $15.90K | $15.22K |
VICE vs. CAOS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
VICE AdvisorShares Vice ETF | 4.78% | 1.56% | 18.27% | -4.13% |
CAOS Alpha Architect Tail Risk ETF | 0.76% | 2.55% | 5.33% | 7.43% |
Correlation
The correlation between VICE and CAOS is -0.21, 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. | -0.21 |
Correlation (3Y) Balances recent behavior with more history. | -0.04 |
Correlation (All Time) Calculated using the full available price history since Mar 6, 2023 | 0.07 |
The correlation between VICE and CAOS shifts across timeframes, from -0.21 (1 year) to 0.07 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VICE vs. CAOS — Risk / Return Rank
VICE
CAOS
VICE vs. CAOS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AdvisorShares Vice ETF (VICE) 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.
| VICE | CAOS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.57 | ||
| Sortino ratioReturn per unit of downside risk | -2.33 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.24 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.38 | 2.47 | -2.85 |
| Martin ratioReturn relative to average drawdown | -0.63 | 5.45 | -6.08 |
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Drawdowns
VICE vs. CAOS - Drawdown Comparison
The maximum VICE drawdown since its inception was -38.27%, which is greater than CAOS's maximum drawdown of -3.89%. Use the drawdown chart below to compare losses from any high point for VICE and CAOS.
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Drawdown Indicators
| VICE | CAOS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.27% | -3.89% | -34.38% |
Max Drawdown (1Y)Largest decline over 1 year | -13.59% | -0.76% | -12.83% |
Max Drawdown (3Y)Largest decline over 3 years | -16.74% | -3.60% | -13.14% |
Max Drawdown (5Y)Largest decline over 5 years | -29.92% | — | — |
Current DrawdownCurrent decline from peak | -7.11% | -1.13% | -5.98% |
Average DrawdownAverage peak-to-trough decline | -12.26% | -0.92% | -11.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.17% | 0.34% | +7.83% |
Volatility
VICE vs. CAOS - Volatility Comparison
AdvisorShares Vice ETF (VICE) has a higher volatility of 4.42% compared to Alpha Architect Tail Risk ETF (CAOS) at 0.51%. This indicates that VICE'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
| VICE | CAOS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.42% | 0.51% | +3.91% |
Volatility (6M)Calculated over the trailing 6-month period | 10.14% | 1.07% | +9.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.83% | 1.57% | +12.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.57% | 4.18% | +13.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.12% | 4.18% | +14.94% |
VICE vs. CAOS - Expense Ratio Comparison
VICE has a 0.99% expense ratio, which is higher than CAOS's 0.63% expense ratio.
Dividends
VICE vs. CAOS - Dividend Comparison
VICE's dividend yield for the trailing twelve months is around 0.75%, while CAOS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
CAOS Alpha Architect Tail Risk ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VICE AdvisorShares Vice ETF | 0.75% | 0.79% | 1.46% | 1.69% | 0.96% | 0.99% | 0.00% | 2.47% | 1.72% | 0.17% |
Frequently Asked Questions
VICE and CAOS have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VICE has higher volatility (4.42%) compared to CAOS (0.51%). In terms of maximum drawdown, VICE dropped -38.27% vs CAOS's -3.89%.
On 3-year performance, VICE leads with 5.90% 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.
Over the 3-year period, VICE has performed better with a 5.90% return vs 3.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CAOS is cheaper with a 0.63% expense ratio, compared with 0.99% for VICE.
VICE has the higher dividend yield at 0.75%, compared with 0.00% for CAOS.
VICE is categorized as Consumer Discretionary Equities, while CAOS is Options Trading. They also come from different issuers: AdvisorShares and Alpha Architect. Their fees differ too: 0.99% for VICE and 0.63% for CAOS.
CAOS currently has the higher Sharpe Ratio (1.19 vs -0.37), 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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