CAOS vs. TRTY ETF Comparison
Comparison of Alpha Architect Tail Risk ETF (CAOS) to Cambria Trinity ETF (TRTY)
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
$86.68
Average Daily Volume
18,068
1
TRTY
Cambria Trinity ETF
TRTY Description
The investment seeks to track the performance, before fees and expenses, of the Cambria Trinity Index (the "underlying index"). Under normal market conditions, the fund invests at least 80% of its total assets in the components of the underlying index and in depositary receipts representing components of the underlying index. The underlying index is designed to model absolute positive returns with reduced volatility and manageable risk, by identifying an investable portfolio of equity and fixed income securities, real estate, commodities and currencies.Grade (RS Rating)
Last Trade
$26.11
Average Daily Volume
5,186
18
Performance
| Period | CAOS | TRTY |
|---|---|---|
| 30 Days | 1.03% | 1.23% |
| 60 Days | 0.81% | 0.94% |
| 90 Days | 1.79% | 2.55% |
| 12 Months | 7.12% | 13.68% |
1 Overlapping Holdings
| Symbol | Grade | Weight in CAOS | Weight in TRTY | Overlap | |
|---|---|---|---|---|---|
| BOXX | A | 11.84% | 1.0% | 1.0% |
CAOS Overweight 0 Positions Relative to TRTY
| Symbol | Grade | Weight |
|---|
CAOS: Top Represented Industries & Keywords
TRTY: Top Represented Industries & Keywords
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