XJUN vs. CAOS
XJUN (FT Vest U.S. Equity Enhance & Moderate Buffer ETF - June) and CAOS (Alpha Architect Tail Risk ETF) are both exchange-traded funds - XJUN is a Defined Outcome fund tracking the SPDR S&P 500 ETF Trust, while CAOS is a Options Trading fund actively managed by Alpha Architect. XJUN is passively managed, while CAOS is actively managed. Over the past 3 years, XJUN returned 9.63%/yr vs 3.48%/yr for CAOS. Their 0.07 correlation means their historical movements had little consistent relationship. XJUN charges 0.85%/yr vs 0.63%/yr for CAOS.
Performance
XJUN vs. CAOS - Performance Comparison
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Returns By Period
In the year-to-date period, XJUN achieves a 3.80% return, which is significantly higher than CAOS's 0.76% return.
XJUN
- 1D
- 0.34%
- 1M
- 0.52%
- 6M
- 3.23%
- YTD
- 3.80%
- 1Y
- 8.15%
- 3Y*
- 9.63%
- 5Y*
- 8.41%
- 10Y*
- —
- ALL TIME*
- 8.33%
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 | |
| $203.75K | $265.54K | $1.06M |
XJUN vs. CAOS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XJUN FT Vest U.S. Equity Enhance & Moderate Buffer ETF - June | 3.80% | 11.18% | 9.96% | 10.41% |
CAOS Alpha Architect Tail Risk ETF | 0.76% | 2.55% | 5.33% | 7.43% |
Correlation
The correlation between XJUN and CAOS is -0.38, 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. | -0.38 |
Correlation (3Y) Balances recent behavior with more history. | -0.06 |
Correlation (All Time) Calculated using the full available price history since Mar 6, 2023 | 0.07 |
The correlation between XJUN and CAOS shifts across timeframes, from -0.38 (1 year) to 0.07 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XJUN vs. CAOS — Risk / Return Rank
XJUN
CAOS
XJUN vs. CAOS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Vest U.S. Equity Enhance & Moderate Buffer ETF - June (XJUN) 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.
| XJUN | CAOS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.96 | ||
| Sortino ratioReturn per unit of downside risk | +1.43 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.24 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 3.93 | 2.47 | +1.46 |
| Martin ratioReturn relative to average drawdown | 20.67 | 5.45 | +15.22 |
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Drawdowns
XJUN vs. CAOS - Drawdown Comparison
The maximum XJUN drawdown since its inception was -9.14%, which is greater than CAOS's maximum drawdown of -3.89%. Use the drawdown chart below to compare losses from any high point for XJUN and CAOS.
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Drawdown Indicators
| XJUN | CAOS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.14% | -3.89% | -5.25% |
Max Drawdown (1Y)Largest decline over 1 year | -1.97% | -0.76% | -1.21% |
Max Drawdown (3Y)Largest decline over 3 years | -9.14% | -3.60% | -5.54% |
Max Drawdown (5Y)Largest decline over 5 years | -9.14% | — | — |
Current DrawdownCurrent decline from peak | -0.13% | -1.13% | +1.00% |
Average DrawdownAverage peak-to-trough decline | -0.87% | -0.92% | +0.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.37% | 0.34% | +0.03% |
Volatility
XJUN vs. CAOS - Volatility Comparison
FT Vest U.S. Equity Enhance & Moderate Buffer ETF - June (XJUN) has a higher volatility of 1.43% compared to Alpha Architect Tail Risk ETF (CAOS) at 0.51%. This indicates that XJUN'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
| XJUN | CAOS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.43% | 0.51% | +0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 2.91% | 1.07% | +1.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.60% | 1.57% | +2.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.13% | 4.18% | +2.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.11% | 4.18% | +2.93% |
XJUN vs. CAOS - Expense Ratio Comparison
XJUN has a 0.85% expense ratio, which is higher than CAOS's 0.63% expense ratio.
Dividends
XJUN vs. CAOS - Dividend Comparison
Neither XJUN nor CAOS has paid dividends to shareholders.
Frequently Asked Questions
XJUN and CAOS have a correlation of -0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XJUN has higher volatility (1.43%) compared to CAOS (0.51%). In terms of maximum drawdown, XJUN dropped -9.14% vs CAOS's -3.89%.
On 3-year performance, XJUN leads with 9.63% 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, XJUN has performed better with a 9.63% 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 0.85% for XJUN.
XJUN and CAOS have nearly identical dividend yields, around 0.00%.
XJUN is categorized as Defined Outcome, while CAOS is Options Trading. They also come from different issuers: FT Vest and Alpha Architect. Their fees differ too: 0.85% for XJUN and 0.63% for CAOS.
XJUN currently has the higher Sharpe Ratio (2.15 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.
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