Alpha Architect Tail Risk ETF (CAOS)

Market Price (8/9/2026): $90.39

Alpha Architect Tail Risk ETF (CAOS)

Market Price (8/9/2026): $90.39

Key Takeaways

Over the past month, CAOS has seen net outflows of −$13M (−1.8% of assets). details →
Risk-adjusted returns trail SPY: 3-year Sharpe ratio of -3.5 vs 0.9. details →
CAOS is trading at an all-time high. details →

Last updated: 8/8/2026.

Price Chart

ETF Price
Price/Gold

Asset Allocation with CAOS

Risk Tolerance:

ConservativeModerateAggressive

Moderate — 55% equity / 25% bonds / 20% alternatives

10Y Return (ann.)

+3.4%

Volatility

3.4%

Sharpe

0.17

YTD

+3.0%

Modeled with monthly rebalancing to target weights; 10-year figures are annualized from monthly returns. Illustrative only — past performance is not indicative of future results.

	ETF	%	1D	1W	1M	YTD
Equity	CAOS	25.0%	0.1%	-0.0%	0.1%
Bond	BND	50.0%	0.2%	0.6%	-0.2%	0.0%
Gold	GLD	10.0%	2.3%	7.2%	5.4%	0.5%
Commodity	DBC	2.5%	0.2%	-1.8%	4.8%	29.3%
Real Estate	VNQ	5.0%	0.4%	-0.5%	1.4%	13.4%
Bitcoin	BTCUSD	0.0%	1.0%	3.3%	2.7%	-25.9%
Cash	GOVT	7.5%	0.2%	0.2%	-0.5%	-0.6%
Conservative Portfolio		100.0%	0.4%	1.0%	0.6%	1.9%

	ETF	%	1D	1W	1M	YTD
Equity	CAOS	55.0%	0.1%	-0.0%	0.1%
Bond	BND	25.0%	0.2%	0.6%	-0.2%	0.0%
Gold	GLD	7.0%	2.3%	7.2%	5.4%	0.5%
Commodity	DBC	4.0%	0.2%	-1.8%	4.8%	29.3%
Real Estate	VNQ	5.0%	0.4%	-0.5%	1.4%	13.4%
Bitcoin	BTCUSD	2.0%	1.0%	3.3%	2.7%	-25.9%
Cash	GOVT	2.0%	0.2%	0.2%	-0.5%	-0.6%
Moderate Portfolio		100.0%	0.3%	0.6%	0.6%	3.0%

	ETF	%	1D	1W	1M	YTD
Equity	CAOS	80.0%	0.1%	-0.0%	0.1%
Bond	BND	5.0%	0.2%	0.6%	-0.2%	0.0%
Gold	GLD	3.0%	2.3%	7.2%	5.4%	0.5%
Commodity	DBC	2.2%	0.2%	-1.8%	4.8%	29.3%
Real Estate	VNQ	4.5%	0.4%	-0.5%	1.4%	13.4%
Bitcoin	BTCUSD	5.2%	1.0%	3.3%	2.7%	-25.9%
Cash	GOVT	0.0%	0.2%	0.2%	-0.5%	-0.6%
Aggressive Portfolio		100.0%	0.2%	0.3%	0.5%	-0.4%

	ETF	%	Return	Volatility	Sharpe
Equity	CAOS	25.0%	0.0%	0.1%	-7.33
Bond	BND	50.0%	1.4%	5.1%	-0.24
Gold	GLD	10.0%	12.1%	15.1%	0.64
Commodity	DBC	2.5%	7.4%	17.1%	0.34
Real Estate	VNQ	5.0%	4.8%	17.5%	0.20
Bitcoin	BTCUSD	0.0%	58.3%	76.0%	0.91
Cash	GOVT	7.5%	0.4%	4.9%	-0.46
Conservative Portfolio		100.0%	2.5%	4.3%	-0.04

	ETF	%	Return	Volatility	Sharpe
Equity	CAOS	55.0%	0.0%	0.1%	-7.33
Bond	BND	25.0%	1.4%	5.1%	-0.24
Gold	GLD	7.0%	12.1%	15.1%	0.64
Commodity	DBC	4.0%	7.4%	17.1%	0.34
Real Estate	VNQ	5.0%	4.8%	17.5%	0.20
Bitcoin	BTCUSD	2.0%	58.3%	76.0%	0.91
Cash	GOVT	2.0%	0.4%	4.9%	-0.46
Moderate Portfolio		100.0%	3.4%	3.4%	0.17

	ETF	%	Return	Volatility	Sharpe
Equity	CAOS	80.0%	0.0%	0.1%	-7.33
Bond	BND	5.0%	1.4%	5.1%	-0.24
Gold	GLD	3.0%	12.1%	15.1%	0.64
Commodity	DBC	2.2%	7.4%	17.1%	0.34
Real Estate	VNQ	4.5%	4.8%	17.5%	0.20
Bitcoin	BTCUSD	5.2%	58.3%	76.0%	0.91
Cash	GOVT	0.0%	0.4%	4.9%	-0.46
Aggressive Portfolio		100.0%	4.7%	4.5%	0.42

Figures are on an annualized basis, based on monthly return data for the last 10 years

	ETF	%	Inflation Shock	Covid Pandemic	2018 Correction
Equity	CAOS	25.0%
Bond	BND	50.0%	-14.2%	-2.2%	1.3%
Gold	GLD	10.0%	-7.7%	-6.3%	5.0%
Commodity	DBC	2.5%	20.5%	-23.7%	-17.5%
Real Estate	VNQ	5.0%	-29.8%	-41.6%	-11.1%
Bitcoin	BTCUSD	0.0%	-56.0%	-33.5%	-37.4%
Cash	GOVT	7.5%	-12.4%	4.4%	1.6%
Conservative Portfolio		100.0%	-13.0%	-5.4%	0.4%

	ETF	%	Inflation Shock	Covid Pandemic	2018 Correction
Equity	CAOS	55.0%
Bond	BND	25.0%	-14.2%	-2.2%	1.3%
Gold	GLD	7.0%	-7.7%	-6.3%	5.0%
Commodity	DBC	4.0%	20.5%	-23.7%	-17.5%
Real Estate	VNQ	5.0%	-29.8%	-41.6%	-11.1%
Bitcoin	BTCUSD	2.0%	-56.0%	-33.5%	-37.4%
Cash	GOVT	2.0%	-12.4%	4.4%	1.6%
Moderate Portfolio		100.0%	-13.6%	-10.2%	-2.9%

	ETF	%	Inflation Shock	Covid Pandemic	2018 Correction
Equity	CAOS	80.0%
Bond	BND	5.0%	-14.2%	-2.2%	1.3%
Gold	GLD	3.0%	-7.7%	-6.3%	5.0%
Commodity	DBC	2.2%	20.5%	-23.7%	-17.5%
Real Estate	VNQ	4.5%	-29.8%	-41.6%	-11.1%
Bitcoin	BTCUSD	5.2%	-56.0%	-33.5%	-37.4%
Cash	GOVT	0.0%	-12.4%	4.4%	1.6%
Aggressive Portfolio		100.0%	-23.8%	-22.3%	-13.2%

The table shows the return of different asset classes during market crises - specifically during the period where the S&P fell and bottomed

Learn More →

Tailored Asset Allocation
[1] Personalized 5 Level Risk Tolerance Assessment
[2] Asset Allocation for My Risk Tolerance

Learn More →

Protect Wealth
[1] Defensive Portfolios
[2] Tax-Efficient Strategies

Top 20 Holdings for CAOS

Total Weights
Top 5: -12.8% | Top 10: -12.8% | Top 20: -12.8%

	Holding	ETF Weight
	SPX US 09/18/26 P12000	-12.79%
31846V336	First American Government Obligations Fund 12/01/2031	0.02%

Performance for CAOS Top Holdings

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Guidance Updates for CAOS Top Holdings

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Return vs. Risk

Price Returns Compared

	2021	2022	2023	2024	2025	2026	Total [1]
Returns
CAOS Return	-	-	-	-	-	-0%	-0%
Peers Return	10%	-15%	13%	11%	15%	7%	45%
S&P 500 Return	27%	-19%	24%	23%	16%	13%	105%
Monthly Win Rates [3]
CAOS Win Rate	-	-	-	-	-	25%
Peers Win Rate	73%	35%	57%	73%	88%	70%
S&P 500 Win Rate	75%	42%	67%	75%	67%	50%
Max Drawdowns [4]
CAOS Max Drawdown	-	-	-	-	-	-
Peers Max Drawdown	-3%	-21%	-8%	-5%	-9%	-6%
S&P 500 Max Drawdown	-5%	-25%	-10%	-8%	-19%	-9%

[1] Cumulative total returns since the beginning of 2021
[2] Peers: CGBL, AOR, AOA, AOM, AOK.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/7/2026 (YTD)

Sharpe Ratios Compared

One measure of reward vs. risk is a Sharpe ratio. A higher ratio indicates better risk-adjusted returns. Most funds have Sharpe ratios < 1.0.

Ticker	1Y	3Y	5Y
CAOS	-3.52	-3.52	-3.52
Equity Top Results (3Y)
IALT	2.11	2.11	2.11
SPMO	0.89	1.38	0.82
VLUE	2.49	1.26	0.69
CORO	1.33	1.25	1.25
CGDV	1.35	1.23	0.94

Results as of 7312026.

CAOS has limited trading history.

Event	CAOS	S&P 500
2025 US Tariff Shock
% Loss		-18.8%
% Gain to Breakeven		23.1%
Time to Breakeven		79 days
2024 Yen Carry Trade Unwind
% Loss		-7.8%
% Gain to Breakeven		8.5%
Time to Breakeven		18 days
Summer-Fall 2023 Five Percent Yield Shock
% Loss		-9.5%
% Gain to Breakeven		10.5%
Time to Breakeven		24 days
2023 SVB Regional Banking Crisis
% Loss		-6.7%
% Gain to Breakeven		7.1%
Time to Breakeven		31 days
2022 Inflation Shock & Fed Tightening
% Loss		-24.5%
% Gain to Breakeven		32.4%
Time to Breakeven		427 days
2020 COVID-19 Crash
% Loss		-33.7%
% Gain to Breakeven		50.9%
Time to Breakeven		140 days

Compare to CGBL, AOR, AOA, AOM, AOK

In The Past

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Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

CAOS has limited trading history.

Event	CAOS	S&P 500
2025 US Tariff Shock
% Loss		-18.8%
% Gain to Breakeven		23.1%
Time to Breakeven		79 days
2024 Yen Carry Trade Unwind
% Loss		-7.8%
% Gain to Breakeven		8.5%
Time to Breakeven		18 days
Summer-Fall 2023 Five Percent Yield Shock
% Loss		-9.5%
% Gain to Breakeven		10.5%
Time to Breakeven		24 days
2023 SVB Regional Banking Crisis
% Loss		-6.7%
% Gain to Breakeven		7.1%
Time to Breakeven		31 days
2022 Inflation Shock & Fed Tightening
% Loss		-24.5%
% Gain to Breakeven		32.4%
Time to Breakeven		427 days
2020 COVID-19 Crash
% Loss		-33.7%
% Gain to Breakeven		50.9%
Time to Breakeven		140 days

Compare to CGBL, AOR, AOA, AOM, AOK

In The Past

null

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

CAOS Dip Buy History

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Get Notified
Alerts when dip buy opportunities arise.

Notify Me →

Current Dip Buy Opportunities Across ETFs

ETFs currently down 5% or more from trailing 6M peaks.

Ticker	Name	Dip %	Mkt Price	Price Date	Peak Price	Peak Date	# Days
IEMG	iShares Core MSCI Emerging Markets ETF	-7.0%	79.99	8082026	86.00	6222026	47
EEM	iShares MSCI Emerging Markets ETF	-7.8%	65.64	8082026	71.21	6222026	47
ASHR	Xtrackers Harvest CSI 300 China A-Shares ETF	-5.8%	35.12	8082026	37.30	6222026	47
EWY	iShares MSCI South Korea ETF	-24.2%	166.09	8082026	219.20	6212026	48
EWZ	iShares MSCI Brazil ETF	-15.3%	35.34	8082026	41.73	4142026	116
FXI	iShares China Large-Cap ETF	-8.5%	36.17	8082026	39.53	2102026	179
ILF	iShares Latin America 40 ETF	-9.1%	34.62	8082026	38.10	4142026	116
KWEB	KraneShares CSI China Internet ETF	-16.5%	28.66	8082026	34.34	2092026	180
MTUM	iShares MSCI USA Momentum Factor ETF	-10.4%	309.32	8082026	345.22	6222026	47
SPMO	Invesco S&P 500 Momentum ETF	-7.4%	149.69	8082026	161.66	6222026	47
URA	Global X Uranium ETF	-22.9%	44.91	8082026	58.26	5062026	94
BOTZ	Global X Funds Global X Robotics & Artificial Intelligence ETF	-9.7%	37.61	8082026	41.63	5132026	87
ROBO	ROBO Global Robotics & Automation Index ETF	-6.5%	84.44	8082026	90.34	6022026	67
LIT	Global X Lithium & Battery Tech ETF	-19.2%	74.01	8082026	91.62	5112026	89
ICLN	iShares Global Clean Energy ETF	-22.9%	18.30	8082026	23.75	6022026	67
ARKQ	ARK Autonomous Technology & Robotics ETF	-11.1%	127.85	8082026	143.82	5282026	72
ARKX	ARK Space & Defense Innovation ETF	-9.2%	34.27	8082026	37.74	5282026	72
NASA	Tema Space Innovators ETF	-39.0%	25.55	8082026	41.89	5272026	73
XOVR	EntrepreneurShares Series Trust ERShares Private-Public Crossover ETF	-5.7%	20.13	8082026	21.34	7062026	33
AGIX	KraneShares Artificial Intelligence ETF	-8.2%	45.34	8082026	49.40	6012026	68
RAAX	VanEck Real Assets ETF	-5.1%	40.54	8082026	42.70	5112026	89
XLK	State Street Technology Select Sector SPDR ETF	-5.2%	187.97	8082026	198.21	6022026	67
XLE	State Street Energy Select Sector SPDR ETF	-8.1%	57.50	8082026	62.56	3292026	132
XLC	State Street Communication Services Select Sector SPDR ETF	-6.6%	111.25	8082026	119.10	4192026	111
XLU	State Street Utilities Select Sector SPDR ETF	-8.0%	43.61	8082026	47.40	3012026	160
FXN	First Trust Energy AlphaDEX Fund	-7.5%	21.44	8082026	23.18	3292026	132
SMH	VanEck Semiconductor ETF	-12.9%	582.70	8082026	668.91	6222026	47
SOXX	iShares Semiconductor ETF	-17.1%	543.27	8082026	655.01	6222026	47
XOP	State Street SPDR S&P Oil & Gas Exploration & Production ETF	-11.6%	166.40	8082026	188.18	3292026	132
MISL	First Trust Indxx Aerospace & Defense ETF	-6.8%	47.22	8082026	50.66	3022026	159
RING	iShares MSCI Global Gold Miners ETF	-21.5%	78.02	8082026	99.42	3012026	160
SOXQ	Invesco PHLX Semiconductor ETF	-15.6%	97.20	8082026	115.11	6222026	47
TLT	iShares 20+ Year Treasury Bond ETF	-7.2%	82.76	8082026	89.15	3012026	160
VGLT	Vanguard Long-Term Treasury ETF	-6.1%	53.08	8082026	56.53	3012026	160
SPTL	State Street SPDR Portfolio Long Term Treasury ETF	-6.5%	25.25	8082026	26.99	3012026	160
TLH	iShares 10-20 Year Treasury Bond ETF	-5.8%	97.05	8082026	103.08	3012026	160
EDV	Vanguard World Funds Extended Duration ETF	-10.5%	60.35	8082026	67.42	3012026	160
PDBC	Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF	-8.8%	17.25	8082026	18.91	5122026	88
DBC	Invesco DB Commodity Index Tracking Fund	-8.8%	28.91	8082026	31.69	5122026	88
COMT	iShares GSCI Commodity Dynamic Roll Strategy ETF	-10.9%	32.55	8082026	36.53	5192026	81
GSG	iShares GSCI Commodity	-5.8%	30.01	8082026	31.85	3182026	143
BCI	abrdn Bloomberg All Commodity Strategy K-1 Free ETF	-8.0%	23.83	8082026	25.91	5122026	88
FTGC	First Trust Global Tactical Commodity Strategy Fund	-5.3%	28.91	8082026	30.53	5122026	88
GLD	SPDR Gold Trust	-18.7%	398.47	8082026	490.00	3022026	159
IAU	iShares Gold Trust	-18.6%	81.68	8082026	100.38	3022026	159
GLDM	SPDR Gold MiniShares Trust	-18.6%	85.95	8082026	105.54	3022026	159
SGOL	ETFS Physical Swiss Gold Shares	-12.1%	44.66	8082026	50.81	3022026	159
BAR	Direxion Daily Gold Bull 3X Shares	-15.6%	44.34	8082026	52.53	3022026	159
SLV	iShares Silver Trust	-32.3%	57.50	8082026	84.99	3012026	160
SIVR	ETFS Physical Silver Shares Trust ETF	-6.6%	83.39	8082026	89.26	3012026	160
PPLT	ETFS Physical Platinum Shares	-26.2%	15.85	8082026	21.47	3012026	160
CPER	United States Copper Index Fund ETV	-9.6%	33.33	8082026	36.88	3012026	160
PALL	ETFS Physical Palladium Shares	-23.0%	25.05	8082026	32.54	2242026	165
USO	United States Oil Fund LP	-22.9%	117.98	8082026	152.96	5192026	81
UNG	United States Natural Gas Fund LP	-26.6%	9.74	8082026	13.27	2082026	181
BNO	United States Brent Oil Fund LP ETV	-7.1%	55.85	8082026	60.13	5042026	96
IBIT	iShares Bitcoin Trust ETF	-20.8%	36.80	8082026	46.47	5112026	89
FBTC	Fidelity Wise Origin Bitcoin Fund	-20.8%	56.53	8082026	71.35	5112026	89
ETHA	iShares Ethereum Trust ETF	-21.3%	14.47	8082026	18.38	4192026	111

ETF Fund Flows

Largest fund inflows and outflows across ETFs, with the asset-allocation rotation they imply.

Net fund flows · as of 2026-08-07

Asset allocation rotation · Past week

Equity ETFs drew the largest net inflows (+$11.4B), followed by Bond (+$5.1B), with every major asset class in net inflows.
Within the mix, money rotated into US Nasdaq Growth (+$6.2B) and out of Intermediate Treasury (−$3.7B).
Relative to fund size, FINA drew the largest inflow (+15.2% of AUM) and IYM the largest outflow (−22.0%).

Largest inflows

#	Ticker	Name	Type	Net flow	% of AUM
1	QQQ	Invesco QQQ Trust, Series 1	Equity US Nasdaq Growth	+$5.24B	+1.1%
2	VOO	Vanguard S&P 500 ETF	Equity US Large Cap Core	+$3.81B	+0.4%
3	TLT	iShares 20+ Year Treasury Bond ETF	Bond Long Treasury	+$2.92B	+7.1%
4	SGOV	iShares 0-3 Month Treasury Bond ETF	Cash	+$2.87B	+2.8%
5	IVV	iShares Core S&P 500 ETF	Equity US Large Cap Core	+$1.65B	+0.2%
6	SPYM	State Street SPDR Portfolio S&P 500 ETF	Equity US Large Cap Core	+$1.63B	+1.0%
7	GLD	SPDR Gold Shares	Commodity Gold	+$1.44B	+1.1%
8	DIA	State Street SPDR Dow Jones Industrial Average ETF Trust	Equity US Large Concentrated	+$1.39B	+2.9%
9	QQQM	Invesco NASDAQ 100 ETF	Equity US Nasdaq Growth	+$1.02B	+1.0%
10	DYNF	iShares U.S. Equity Factor Rotation Active ETF	Equity Factor Smart Beta	+$922M	+2.3%

#	Ticker	Name	Type	Net flow	% of AUM
1	FINA	Fidelity MSCI North American Subset Index ETF	Other	+$220M	+15.2%
2	SNXX	Tradr 2X Long SNDK Daily ETF	Other	+$219M	+14.1%
3	FLTW	Franklin FTSE Taiwan ETF	Other	+$384M	+12.8%
4	KLMN		Other	+$218M	+9.7%
5	XHB	State Street SPDR S&P Homebuilders ETF	Other	+$153M	+9.6%
6	MAGS	Roundhill Magnificent Seven ETF	Equity US Large Concentrated	+$357M	+9.0%
7	KRE	State Street SPDR S&P Regional Banking ETF	Equity Industry Subsector	+$387M	+8.3%
8	BHYB	Xtrackers USD High Yield BB-B ex Financials ETF	Other	+$215M	+7.7%
9	EWS	iShares MSCI Singapore ETF	Other	+$80M	+7.1%
10	TLT	iShares 20+ Year Treasury Bond ETF	Bond Long Treasury	+$2.92B	+7.1%

Largest outflows

#	Ticker	Name	Type	Net flow	% of AUM
1	SPY	State Street SPDR S&P 500 ETF	Equity US Large Cap Core	-$6.1B	-0.8%
2	IEF	iShares 7-10 Year Treasury Bond ETF	Bond Intermediate Treasury	-$4.08B	-8.7%
3	SOXX	iShares Semiconductor ETF	Equity Industry Subsector	-$2.9B	-6.5%
4	SMH	VanEck Semiconductor ETF	Equity Industry Subsector	-$791M	-1.1%
5	XLK	State Street Technology Select Sector SPDR ETF	Equity Broad Sector	-$775M	-0.6%
6	AIQ	Global X - Artificial Intelligence & Technology ETF	Other	-$754M	-7.5%
7	PAVE	Global X - U.S. Infrastructure Development ETF	Other	-$726M	-5.1%
8	XLE	State Street Energy Select Sector SPDR ETF	Equity Broad Sector	-$633M	-1.7%
9	VO	Vanguard Morningstar Mid-Cap ETF	Equity US Mid Cap Core	-$627M	-0.6%
10	IAU	iShares Gold Trust	Commodity Gold	-$478M	-0.8%

#	Ticker	Name	Type	Net flow	% of AUM
1	IYM	iShares U.S. Basic Materials ETF	Equity Broad Sector	-$222M	-22.0%
2	ICLN	iShares Global Clean Energy ETF	Equity Thematic	-$224M	-10.8%
3	DTCR	Global X - Data Center & Digital Infrastructure ETF	Other	-$203M	-9.5%
4	USO	United States Oil Fund, LP	Commodity Energy	-$150M	-8.8%
5	IEF	iShares 7-10 Year Treasury Bond ETF	Bond Intermediate Treasury	-$4.08B	-8.7%
6	AIQ	Global X - Artificial Intelligence & Technology ETF	Other	-$754M	-7.5%
7	CLIP	Global X - 1-3 Month T-Bill ETF	Cash	-$181M	-7.3%
8	SOXX	iShares Semiconductor ETF	Equity Industry Subsector	-$2.9B	-6.5%
9	IDU	iShares U.S. Utilities ETF	Other	-$84M	-6.1%
10	IXC	iShares Global Energy ETF	Other	-$147M	-5.5%

Asset allocation rotation · Past month

Equity ETFs drew the largest net inflows (+$54.4B), followed by Bond (+$15.2B), with every major asset class in net inflows.
Within the mix, money rotated into US Large Cap Core (+$13.2B) and out of Intermediate Treasury (−$2.1B).
Relative to fund size, BFLX drew the largest inflow (+56.2% of AUM) and FTXL the largest outflow (−40.2%).

Largest inflows

#	Ticker	Name	Type	Net flow	% of AUM
1	VOO	Vanguard S&P 500 ETF	Equity US Large Cap Core	+$11.99B	+1.2%
2	SPY	State Street SPDR S&P 500 ETF	Equity US Large Cap Core	+$8.18B	+1.0%
3	SPYM	State Street SPDR Portfolio S&P 500 ETF	Equity US Large Cap Core	+$6.27B	+3.9%
4	EWY	iShares MSCI South Korea ETF	Equity Emerging Markets	+$6.26B	+26.9%
5	DRAM	Roundhill Memory ETF	Other	+$4.94B	+20.3%
6	QQQ	Invesco QQQ Trust, Series 1	Equity US Nasdaq Growth	+$4.82B	+1.0%
7	SGOV	iShares 0-3 Month Treasury Bond ETF	Cash	+$4.3B	+4.3%
8	VTI	Vanguard Morningstar Total Stock Market ETF	Equity US Total Market	+$3.8B	+0.6%
9	TLT	iShares 20+ Year Treasury Bond ETF	Bond Long Treasury	+$3.56B	+8.4%
10	SCHD	Schwab U.S. Dividend Equity ETF	Equity Dividend Income	+$3.36B	+3.3%

#	Ticker	Name	Type	Net flow	% of AUM
1	BFLX	iShares Flexible Equity Active ETF	Other	+$891M	+56.2%
2	DFAL		Other	+$482M	+31.5%
3	ACYN	FT Vest Laddered Autocallable Barrier & Income ETF	Other	+$393M	+31.4%
4	EWY	iShares MSCI South Korea ETF	Equity Emerging Markets	+$6.26B	+26.9%
5	FLKR	Franklin FTSE South Korea ETF	Other	+$312M	+24.2%
6	IHE	iShares U.S. Pharmaceuticals ETF	Other	+$326M	+20.5%
7	DRAM	Roundhill Memory ETF	Other	+$4.94B	+20.3%
8	EWI	iShares MSCI Italy ETF	Other	+$189M	+18.7%
9	DFGP	Dimensional - Global Core Plus Fixed Income ETF	Other	+$571M	+16.9%
10	SOXQ	Invesco PHLX Semiconductor ETF	Equity Industry Subsector	+$415M	+16.3%

Largest outflows

#	Ticker	Name	Type	Net flow	% of AUM
1	IVV	iShares Core S&P 500 ETF	Equity US Large Cap Core	-$13.15B	-1.5%
2	IEF	iShares 7-10 Year Treasury Bond ETF	Bond Intermediate Treasury	-$3.58B	-7.6%
3	IQMM	ProShares - GENIUS Money Market ETF	Other	-$2.95B	-16.3%
4	LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF	Bond Intermediate Corporate	-$2.24B	-6.6%
5	IWM	iShares Russell 2000 ETF	Equity US Small Cap Core	-$1.86B	-2.3%
6	IWD	iShares Russell 1000 Value ETF	Equity US Large Value	-$1.13B	-1.4%
7	SCZ	iShares MSCI EAFE Small-Cap ETF	Equity International Small Cap	-$1.09B	-8.2%
8	IWR	iShares Russell Mid-Cap ETF	Equity US Mid Cap Core	-$1.01B	-1.8%
9	IWF	iShares Russell 1000 Growth ETF	Equity US Large Growth	-$911M	-0.7%
10	MTUM	iShares MSCI USA Momentum Factor ETF	Equity Factor Smart Beta	-$904M	-3.5%

#	Ticker	Name	Type	Net flow	% of AUM
1	FTXL	First Trust Nasdaq Semiconductor ETF	Other	-$885M	-40.2%
2	USO	United States Oil Fund, LP	Commodity Energy	-$685M	-32.3%
3	XHB	State Street SPDR S&P Homebuilders ETF	Other	-$521M	-31.9%
4	LCTU	iShares U.S. Carbon Transition Readiness Aware Active ETF	Other	-$278M	-22.9%
5	KLMN		Other	-$516M	-22.6%
6	IYM	iShares U.S. Basic Materials ETF	Equity Broad Sector	-$257M	-22.3%
7	PSC	Principal U.S. Small-Cap Multi-Factor ETF	Other	-$456M	-20.2%
8	FEX	First Trust Large Cap Core AlphaDEX Fund	Other	-$285M	-18.1%
9	FNX	First Trust Mid Cap Core AlphaDEX Fund	Other	-$226M	-16.4%
10	IQMM	ProShares - GENIUS Money Market ETF	Other	-$2.95B	-16.3%

Asset allocation rotation · Past 3 months

Equity ETFs drew the largest net inflows (+$184.6B), followed by Bond (+$69.9B), while Crypto (−$7.8B) and Commodity (−$3.2B) saw the largest outflows.
Within the mix, money rotated into US Large Cap Core (+$57.8B) and out of Gold (−$4.8B).
Relative to fund size, NASA drew the largest inflow (+124.3% of AUM) and FXN the largest outflow (−64.3%).

Largest inflows

#	Ticker	Name	Type	Net flow	% of AUM
1	IVV	iShares Core S&P 500 ETF	Equity US Large Cap Core	+$40.88B	+4.8%
2	DRAM	Roundhill Memory ETF	Other	+$22.46B	+102.0%
3	SPYM	State Street SPDR Portfolio S&P 500 ETF	Equity US Large Cap Core	+$19.74B	+13.1%
4	QQQ	Invesco QQQ Trust, Series 1	Equity US Nasdaq Growth	+$14.98B	+3.1%
5	SGOV	iShares 0-3 Month Treasury Bond ETF	Cash	+$14.78B	+15.4%
6	SPY	State Street SPDR S&P 500 ETF	Equity US Large Cap Core	+$14.71B	+1.9%
7	VTI	Vanguard Morningstar Total Stock Market ETF	Equity US Total Market	+$13.43B	+2.0%
8	QQQM	Invesco NASDAQ 100 ETF	Equity US Nasdaq Growth	+$11.4B	+11.7%
9	SOXX	iShares Semiconductor ETF	Equity Industry Subsector	+$10.42B	+23.9%
10	SCHD	Schwab U.S. Dividend Equity ETF	Equity Dividend Income	+$9.21B	+9.5%

#	Ticker	Name	Type	Net flow	% of AUM
1	NASA	Tema Space Innovators ETF	Equity Thematic	+$1.65B	+124.3%
2	ARKQ	ARK Autonomous Technology & Robotics ETF	Equity Thematic	+$2.27B	+104.9% ⚠
3	DRAM	Roundhill Memory ETF	Other	+$22.46B	+102.0%
4	SNXX	Tradr 2X Long SNDK Daily ETF	Other	+$1.86B	+70.2% ⚠
5	FXL	First Trust Technology AlphaDEX Fund	Other	+$989M	+56.2%
6	IHE	iShares U.S. Pharmaceuticals ETF	Other	+$583M	+56.0%
7	CORO	iShares International Country Rotation Active ETF	Equity International Broad	+$4.17B	+54.7%
8	FLKR	Franklin FTSE South Korea ETF	Other	+$646M	+54.4%
9	IALT	iShares Systematic Alternatives Active ETF	Equity Asset Allocation	+$2.45B	+51.4% ⚠
10	CBOX		Other	+$438M	+42.4%

Largest outflows

#	Ticker	Name	Type	Net flow	% of AUM
1	VOO	Vanguard S&P 500 ETF	Equity US Large Cap Core	-$18.59B	-1.9%
2	QUAL	iShares MSCI USA Quality Factor ETF	Equity Factor Smart Beta	-$6.18B	-13.4%
3	IQMM	ProShares - GENIUS Money Market ETF	Other	-$5.33B	-25.5%
4	IBIT	iShares Bitcoin Trust ETF	Crypto	-$5.09B	-10.6%
5	VLUE	iShares MSCI USA Value Factor ETF	Equity Factor Smart Beta	-$4.36B	-39.2%
6	IEF	iShares 7-10 Year Treasury Bond ETF	Bond Intermediate Treasury	-$3.72B	-7.9%
7	XLE	State Street Energy Select Sector SPDR ETF	Equity Broad Sector	-$3.18B	-8.2%
8	IAU	iShares Gold Trust	Commodity Gold	-$3.13B	-5.0%
9	THRO	iShares U.S. Thematic Rotation Active ETF	Equity Thematic	-$2.25B	-34.6%
10	IVE	iShares S&P 500 Value ETF	Equity US Large Value	-$2.14B	-4.4%

#	Ticker	Name	Type	Net flow	% of AUM
1	FXN	First Trust Energy AlphaDEX Fund	Equity Broad Sector	-$734M	-64.3%
2	IYM	iShares U.S. Basic Materials ETF	Equity Broad Sector	-$705M	-53.5%
3	FTXL	First Trust Nasdaq Semiconductor ETF	Other	-$1.07B	-44.8%
4	EEMA	iShares MSCI Emerging Markets Asia ETF	Other	-$509M	-41.4%
5	VLUE	iShares MSCI USA Value Factor ETF	Equity Factor Smart Beta	-$4.36B	-39.2%
6	THRO	iShares U.S. Thematic Rotation Active ETF	Equity Thematic	-$2.25B	-34.6%
7	FXI	iShares China Large-Cap ETF	Equity Emerging Markets	-$1.55B	-33.2%
8	AKRE	Akre Focus ETF	Equity US Large Growth	-$1.39B	-25.7%
9	IQMM	ProShares - GENIUS Money Market ETF	Other	-$5.33B	-25.5%
10	FV	First Trust Dorsey Wright Focus 5 ETF	Other	-$864M	-23.1%

Largest ETF fund flows across ~2609 funds (min AUM $100M). Net creations/redemptions; leveraged & inverse ETFs excluded. A ⚠ marks a day excluded as a suspected data error.

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About CAOS

Holdings Count: 0
Expense Ratio: 0.63%
Inception Date: 2013-08-13

Alpha Architect Tail Risk ETF
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 assets in long and/or short SPX Index options, depending on market status. Between 1-10% 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 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 BOXX ETF that uses box spreads to provide the exposure of 1-3 month T-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.
Asset Class: Asset allocation | ETF Website

Recent Active Movers

Top Gainers

Ticker	Company	Category	1D Rtn	YTD Rtn
RING	iShares MSCI Global Gold Miners ETF	Equity	7.8%	5.9%
NASA	Tema Space Innovators ETF	Equity	5.8%	1.5%
ARKK	ARK Innovation ETF	Equity	4.9%	3.3%
XOVR	EntrepreneurShares Series Trust ERSha...	Equity	4.5%	-0.0%
URA	Global X Uranium ETF	Equity	4.0%	5.1%
ARKX	ARK Space & Defense Innovation ETF	Equity	3.8%	-1.8%
ARKQ	ARK Autonomous Technology & Robotics ETF	Equity	3.8%	11.5%
IGV	iShares Expanded Tech-Software Sector...	Equity	3.3%	-2.8%
ARKW	ARK Next Generation Internet ETF	Equity	3.1%	0.1%
SLV	iShares Silver Trust	Commodity	3.0%	-10.7%

Top Losers

Ticker	Company	Category	1D Rtn	YTD Rtn
EWZ	iShares MSCI Brazil ETF	Equity	-1.3%	11.2%
XLE	State Street Energy Select Sector SPD...	Equity	-1.1%	29.4%
ILF	iShares Latin America 40 ETF	Equity	-0.8%	13.7%
USO	United States Oil Fund LP	Commodity	-0.7%	70.6%
FXN	First Trust Energy AlphaDEX Fund	Equity	-0.5%	30.7%
XOP	State Street SPDR S&P Oil & Gas Explo...	Equity	-0.4%	32.3%
KRE	State Street SPDR S&P Regional Bankin...	Equity	-0.4%	18.3%
XLF	State Street Financial Select Sector ...	Equity	-0.4%	5.7%
IYJ	iShares U.S. Industrials ETF	Equity	-0.1%	13.8%
JEPI	JPMorgan Equity Premium Income ETF	Equity	-0.0%	4.8%

Top Gainers

Ticker	Company	Category	1W Rtn	YTD Rtn
RING	iShares MSCI Global Gold Miners ETF	Equity	22.3%	5.9%
NASA	Tema Space Innovators ETF	Equity	18.2%	1.5%
URA	Global X Uranium ETF	Equity	14.9%	5.1%
ARKX	ARK Space & Defense Innovation ETF	Equity	12.0%	-1.8%
ARKK	ARK Innovation ETF	Equity	11.5%	3.3%
ARKQ	ARK Autonomous Technology & Robotics ETF	Equity	11.1%	11.5%
GDE	WisdomTree Efficient Gold Plus Equity...	Equity	10.2%	-4.3%
SLV	iShares Silver Trust	Commodity	9.8%	-10.7%
MISL	First Trust Indxx Aerospace & Defense...	Equity	9.7%	10.4%
SOXQ	Invesco PHLX Semiconductor ETF	Equity	9.2%	74.5%

Top Losers

Ticker	Company	Category	1W Rtn	YTD Rtn
USO	United States Oil Fund LP	Commodity	-8.7%	70.6%
XOP	State Street SPDR S&P Oil & Gas Explo...	Equity	-6.2%	32.3%
EWZ	iShares MSCI Brazil ETF	Equity	-3.6%	11.2%
XLE	State Street Energy Select Sector SPD...	Equity	-3.4%	29.4%
UNG	United States Natural Gas Fund LP	Commodity	-3.2%	-20.6%
FXN	First Trust Energy AlphaDEX Fund	Equity	-3.0%	30.7%
ILF	iShares Latin America 40 ETF	Equity	-2.1%	13.7%
DBC	Invesco DB Commodity Index Tracking Fund	Commodity	-1.8%	29.3%
PDBC	Invesco Optimum Yield Diversified Com...	Commodity	-1.8%	30.2%
XLU	State Street Utilities Select Sector ...	Equity	-1.7%	2.9%

Top Gainers

Ticker	Company	Category	1M Rtn	YTD Rtn
RING	iShares MSCI Global Gold Miners ETF	Equity	19.8%	5.9%
PALL	ETFS Physical Palladium Shares	Commodity	10.4%	-13.8%
ETHA	iShares Ethereum Trust ETF	Cryptocurrency	9.7%	-35.5%
IGV	iShares Expanded Tech-Software Sector...	Equity	9.4%	-2.8%
PPLT	ETFS Physical Platinum Shares	Commodity	8.4%	-15.0%
COWZ	Pacer US Cash Cows 100 ETF	Equity	8.3%	15.4%
FXI	iShares China Large-Cap ETF	Equity	8.3%	-5.5%
KWEB	KraneShares CSI China Internet ETF	Equity	8.2%	-15.8%
USO	United States Oil Fund LP	Commodity	8.2%	70.6%
AKRE	Akre Focus ETF	Equity	7.5%	-10.1%

Top Losers

Ticker	Company	Category	1M Rtn	YTD Rtn
EWY	iShares MSCI South Korea ETF	Equity	-10.1%	70.8%
UNG	United States Natural Gas Fund LP	Commodity	-10.1%	-20.6%
SOXX	iShares Semiconductor ETF	Equity	-6.6%	80.5%
ICLN	iShares Global Clean Energy ETF	Equity	-5.3%	11.4%
SOXQ	Invesco PHLX Semiconductor ETF	Equity	-4.7%	74.5%
XOVR	EntrepreneurShares Series Trust ERSha...	Equity	-4.5%	-0.0%
NASA	Tema Space Innovators ETF	Equity	-4.3%	1.5%
XBI	State Street SPDR S&P Biotech ETF	Equity	-4.2%	29.1%
SMH	VanEck Semiconductor ETF	Equity	-4.1%	61.8%
MTUM	iShares MSCI USA Momentum Factor ETF	Equity	-3.7%	23.7%

Peer Comparisons

Peers to compare with:

Profile

	CAOS	CGBL	AOR	AOA	AOM	AOK	Median
Name	Alpha Arch.	Capital Gr.	RUA Life S.	iShares Co.	iShares Co.	iShares Co.
Asset Class	Equity	Equity	Equity	Equity	Equity	Equity	-
AUM ($ Bil)	0.7	7.4	3.7	3.3	1.8	0.8	2.5
Expense Ratio	0.63%	0.33%	0.20%	0.19%	0.20%	0.20%	0.20%
10-D Avg Volume (Mil)	0.05	1.46	0.31	0.11	0.15	0.19	0.17
Latest Day Volume (Mil)	-	1.42	0.20	0.14	0.11	0.12	0.14
Holdings Count	0	74	7	7	7	7	7
Inception Date	8/13/2013	9/26/2023	11/4/2008	11/4/2008	11/4/2008	11/4/2008	-

Fundamentals

	CAOS	CGBL	AOR	AOA	AOM	AOK	Median
Name	Alpha Arch.	Capital Gr.	RUA Life S.	iShares Co.	iShares Co.	iShares Co.
Net Asset Value	90.39	38.14	69.85	98.91	49.81	41.36	-
Premium/Discount	0.1%	0.7%	0.4%	0.5%	0.2%	0.2%	0.3%
Distribution Yield	0.0%	1.8%	2.5%	2.1%	3.0%	3.3%	2.3%
Sales Yield	-	-	-	-	-	-	-
Earnings Yield	-	-	-	-	-	-	-

Valuation

	CAOS	CGBL	AOR	AOA	AOM	AOK	Median
Name	Alpha Arch.	Capital Gr.	RUA Life S.	iShares Co.	iShares Co.	iShares Co.
P/S (TTM)	-	-	-	-	-	-	-
P/E (TTM)	-	-	-	-	-	-	-
P/FCF (TTM)	-	-	-	-	-	-	-
Forward P/E	-	-	-	-	-	-	-
Forward P/S	-	-	-	-	-	-	-

Risk

	CAOS	CGBL	AOR	AOA	AOM	AOK	Median
Name	Alpha Arch.	Capital Gr.	RUA Life S.	iShares Co.	iShares Co.	iShares Co.
Volatility (1Y)	1.3%	10.5%	9.2%	11.5%	7.2%	6.0%	8.2%
Volatility (3Y)	1.3%	11.1%	9.4%	11.8%	7.4%	6.4%	8.4%
Volatility (5Y)	1.3%	11.1%	10.7%	13.1%	8.3%	7.2%	9.5%
Beta (1Y)	-0.04	0.75	0.67	0.85	0.50	0.40	0.59
Beta (3Y)	-0.04	0.68	0.58	0.74	0.42	0.33	0.50
Beta (5Y)	-0.04	0.68	0.58	0.74	0.42	0.33	0.50
Sharpe Ratio (1Y)	-0.40	1.46	1.62	1.65	1.45	1.48	1.47
Sharpe Ratio (3Y)	-0.40	1.56	1.40	1.37	1.38	1.41	1.39
Sharpe Ratio (5Y)	-0.40	1.56	0.68	0.74	0.58	0.52	0.63
Max Drawdown (1Y)	-0.4%	-7.9%	-6.6%	-8.2%	-5.1%	-4.5%	-5.9%
Max Drawdown (3Y)	-0.4%	-11.7%	-9.8%	-12.9%	-6.5%	-5.2%	-8.2%
Max Drawdown (5Y)	-0.4%	-11.7%	-21.7%	-23.6%	-20.0%	-18.9%	-19.4%

Returns

	CAOS	CGBL	AOR	AOA	AOM	AOK	Median
Name	Alpha Arch.	Capital Gr.	RUA Life S.	iShares Co.	iShares Co.	iShares Co.
1M Return	0.1%	1.7%	1.7%	2.2%	1.2%	0.6%	1.4%
3M Return	-	3.6%	2.5%	3.6%	1.4%	1.4%	2.5%
6M Return	-	8.0%	7.0%	9.7%	4.3%	3.6%	7.0%
YTD Return	-	9.1%	8.4%	11.3%	5.3%	4.9%	8.4%
1Y Return	-	16.0%	15.6%	20.2%	10.7%	9.2%	15.6%
2Y Return	-	34.4%	30.9%	40.1%	21.8%	18.2%	30.9%
3Y Return	-	-	47.0%	59.2%	34.9%	30.2%	41.0%

Short Interest

Short Interest: As Of Date	7152026
Short Interest: Shares Quantity	0.0 Mil
Short Interest: % Change Since 6302026	254.5%
Average Daily Volume	0.0 Mil
Days-to-Cover Short Interest	1

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Alpha Architect Tail Risk ETF (CAOS)

Market Price (8/9/2026): $90.39

Alpha Architect Tail Risk ETF (CAOS)

Market Price (8/9/2026): $90.39

Key Takeaways

Price Chart

Asset Allocation with CAOS

Valuation & Yield

Top 20 Holdings for CAOS

Performance for CAOS Top Holdings

Guidance Updates for CAOS Top Holdings

Return vs. Risk

Price Returns Compared

Sharpe Ratios Compared

How Low Can It Go

In The Past

Preserve Wealth

Asset Allocation

In The Past

Preserve Wealth

Asset Allocation

CAOS Dip Buy History

Current Dip Buy Opportunities Across ETFs

ETF Fund Flows

Asset allocation rotation · Past week

Asset allocation rotation · Past month

Asset allocation rotation · Past 3 months

Set Alerts and Notifications

Stay Informed

Trade & Investment Ideas

Wealth

Alert Me Periodically

Inform Me Once

About CAOS

Latest Trefis Analyses

Recent Active Movers

Top Gainers

Top Losers

Top Gainers

Top Losers

Top Gainers

Top Losers

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