XITK vs. CAOS
XITK (SPDR FactSet Innovative Technology ETF) and CAOS (Alpha Architect Tail Risk ETF) are both exchange-traded funds - XITK is a Technology Equities fund tracking the FactSet Innovative Technology Index, while CAOS is a Options Trading fund actively managed by Alpha Architect. XITK is passively managed, while CAOS is actively managed. Over the past 3 years, XITK returned 8.55%/yr vs 3.48%/yr for CAOS. Their 0.06 correlation means their historical movements had little consistent relationship. XITK charges 0.45%/yr vs 0.63%/yr for CAOS.
Performance
XITK vs. CAOS - Performance Comparison
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Returns By Period
In the year-to-date period, XITK achieves a 3.17% return, which is significantly higher than CAOS's 0.76% return.
XITK
- 1D
- 2.10%
- 1M
- -2.48%
- 6M
- 11.87%
- YTD
- 3.17%
- 1Y
- 1.26%
- 3Y*
- 8.55%
- 5Y*
- -3.68%
- 10Y*
- 12.53%
- ALL TIME*
- 13.77%
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 | |
| $94.40K | $185.95K | $342.96K |
XITK vs. CAOS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XITK SPDR FactSet Innovative Technology ETF | 3.17% | 2.53% | 19.12% | 23.34% |
CAOS Alpha Architect Tail Risk ETF | 0.76% | 2.55% | 5.33% | 7.43% |
Correlation
The correlation between XITK and CAOS is -0.25, 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. | -0.25 |
Correlation (3Y) Balances recent behavior with more history. | -0.06 |
Correlation (All Time) Calculated using the full available price history since Mar 6, 2023 | 0.06 |
The correlation between XITK and CAOS shifts across timeframes, from -0.25 (1 year) to 0.06 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XITK vs. CAOS — Risk / Return Rank
XITK
CAOS
XITK vs. CAOS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR FactSet Innovative Technology ETF (XITK) 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.
| XITK | CAOS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.24 | ||
| Sortino ratioReturn per unit of downside risk | -1.75 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.24 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 2.47 | -2.52 |
| Martin ratioReturn relative to average drawdown | -0.11 | 5.45 | -5.56 |
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Drawdowns
XITK vs. CAOS - Drawdown Comparison
The maximum XITK drawdown since its inception was -65.56%, which is greater than CAOS's maximum drawdown of -3.89%. Use the drawdown chart below to compare losses from any high point for XITK and CAOS.
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Drawdown Indicators
| XITK | CAOS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.56% | -3.89% | -61.67% |
Max Drawdown (1Y)Largest decline over 1 year | -28.03% | -0.76% | -27.27% |
Max Drawdown (3Y)Largest decline over 3 years | -28.18% | -3.60% | -24.58% |
Max Drawdown (5Y)Largest decline over 5 years | -61.53% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -65.56% | — | — |
Current DrawdownCurrent decline from peak | -29.65% | -1.13% | -28.52% |
Average DrawdownAverage peak-to-trough decline | -22.17% | -0.92% | -21.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.69% | 0.34% | +12.35% |
Volatility
XITK vs. CAOS - Volatility Comparison
SPDR FactSet Innovative Technology ETF (XITK) has a higher volatility of 9.22% compared to Alpha Architect Tail Risk ETF (CAOS) at 0.51%. This indicates that XITK'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
| XITK | CAOS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.22% | 0.51% | +8.71% |
Volatility (6M)Calculated over the trailing 6-month period | 25.08% | 1.07% | +24.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.28% | 1.57% | +27.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.07% | 4.18% | +28.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.72% | 4.18% | +25.54% |
XITK vs. CAOS - Expense Ratio Comparison
XITK has a 0.45% expense ratio, which is lower than CAOS's 0.63% expense ratio.
Dividends
XITK vs. CAOS - Dividend Comparison
Neither XITK nor CAOS has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
XITK SPDR FactSet Innovative Technology ETF | 0.00% | 0.00% | 0.00% | 0.08% | 0.11% | 0.00% | 0.06% | 0.14% | 1.50% | 1.74% | 1.88% |
Frequently Asked Questions
XITK and CAOS have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XITK has higher volatility (9.22%) compared to CAOS (0.51%). In terms of maximum drawdown, XITK dropped -65.56% vs CAOS's -3.89%.
On 3-year performance, XITK leads with 8.55% vs 3.48% for CAOS. On fees, XITK is cheaper at 0.45% 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, XITK has performed better with a 8.55% return vs 3.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XITK is cheaper with a 0.45% expense ratio, compared with 0.63% for CAOS.
XITK and CAOS have nearly identical dividend yields, around 0.00%.
XITK is categorized as Technology Equities, while CAOS is Options Trading. They also come from different issuers: State Street and Alpha Architect. Their fees differ too: 0.45% for XITK and 0.63% for CAOS.
CAOS currently has the higher Sharpe Ratio (1.19 vs -0.05), 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.
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