CAOS vs. HTUS ETF Comparison
Comparison of Alpha Architect Tail Risk ETF (CAOS) to Hull Tactical US ETF (HTUS)
CAOS
Alpha Architect Tail Risk ETF
CAOS Description
CAOS seeks to actively earn positive returns during periods of significant US equity drawdowns while minimizing the return drag of collateral. The fund allocates up to 20% of portfolio assets in long and/or short SPX Index options, depending on market status. Between 1%-10% of the portfolio is allocated to protective options positioned to appreciate in value when the index declines by more than 25%, which is considered to be a tail risk event. If a tail risk event does not occur, the cost of the protective positions will reduce returns. The remaining 70%-80% of the funds portfolio is collateral consisting of US T-bills, box spreads, and money market instruments. Up to 100% of the collateral may be placed with the Alpha Architect 1-3 Month Box ETF (ticker: BOXX). An ETF that uses box spreads to provide the exposure of 1-3 month treasury bills. The strategy involves frequent trading which increases costs and turnover rate, both having negative impacts on the fund. CAOS operated as a mutual fund until its conversion into an ETF, starting with $126 million in net assets.
Grade (RS Rating)
Last Trade
$87.12
Average Daily Volume
14,113
1
HTUS
Hull Tactical US ETF
HTUS Description
The investment seeks long-term capital appreciation. The fund seeks to achieve its investment objective by taking long and short positions in one or more exchange-traded funds ("ETFs") that seek to track the performance of the S&P 500 Index. It may also invest up to 10% of its total assets in leveraged or inverse ETFs that seek to deliver multiples (long), or the inverse (short), of the performance of the S&P 500 Index, respectively. The fund will enter into futures contracts, in conjunction with investing in shares of an S&P 500-related ETF, to seek the desired long or short exposure to the S&P 500 Index.Grade (RS Rating)
Last Trade
$43.74
Average Daily Volume
13,669
1
Performance
| Period | CAOS | HTUS |
|---|---|---|
| 30 Days | 0.51% | 0.67% |
| 60 Days | 1.54% | 1.07% |
| 90 Days | 1.33% | 7.62% |
| 12 Months | 5.65% | 38.00% |
1 Overlapping Holdings
| Symbol | Grade | Weight in CAOS | Weight in HTUS | Overlap | |
|---|---|---|---|---|---|
| BOXX | A | 11.05% | 4.16% | 4.16% |
CAOS Overweight 0 Positions Relative to HTUS
| Symbol | Grade | Weight |
|---|
CAOS Underweight 0 Positions Relative to HTUS
| Symbol | Grade | Weight |
|---|
CAOS: Top Represented Industries & Keywords
HTUS: Top Represented Industries & Keywords
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