Alpha Architect Tail Risk ETF (CAOS) Stock | CAOS Stock Price & Analysis

CAOS

Alpha Architect Tail Risk ETF CAOS · CBOE

$91.30 +0.04% (+$0.04)

Summary

Alpha Architect Tail Risk ETF is an ETF - a fund traded on an exchange like a stock - run by Alpha Architect. Positions inside: 16. The ten largest make up 117% of the fund.

Yearly costs: 0.63%
Fund size: $707.3M
Positions: 16
Dividends: Reinvested
Running since: 2013

What speaks for it

Costs of 0.63% a year are below the middle of comparable funds (0.75%).
It has been running since 2013.

What to watch

The ten largest positions make up 117% of the fund, so its result rests on a few names.
40% of the fund is in one sector (Technology).

A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.

1 month: +0.9%
3 months: +0.8%
This year: +1.7%
1 year: +1.4%
3 years: +12%

What is inside?

Concentrated

1 SPY 12/18/2026 10010.01 P 89%
2 SPX US 12/18/26 P13400 20%
3 SPY 12/18/2026 10.01 C 7.3%
4 SPX US 02/19/27 P3200 0.4%
5 SPX US 01/15/27 P3200 0.3%
6 SPX US 12/18/26 P2900 0.09%
7 First American Government Obligations Fund 12/01/2031 0.05%
8 SPX US 11/20/26 P2800 0.04%
9 SPX US 12/18/26 C8000 0.02%
10 SPX US 12/18/26 P7000 0.02%

Positions in the fund: 16. The ten largest make up 117% of it.

Composition as of Oct 18, 2026.

Where is it spread?

One sector dominates

By sector

Technology 40%
Financials 11%
Communication services 9.9%
Healthcare 9.4%
Consumer cyclical 8.7%
Other 21%

Largest sector: Technology (40%).

What does it cost me?

Cheap

This fund 0.63%

Middle of comparable ETFs 0.75%

A year from $10,000: $63.00
Over 20 years: $3,009

From every $10,000 invested the fund takes $63.00 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $3,009.

How has it done?

Growing slowly

+5.3%

+2.6%

20242025

A year on average, 3 years: +3.8%
Deepest drop: -3.6%
Yearly volatility: 1.7%

Average yearly growth over the last three years: 3.8%. Deepest drop in these years: 3.6% below the earlier high.

Does it pay dividends?

No, it reinvests

The fund pays nothing out. What its holdings earn stays inside and shows in the price.

Is it easy to buy and sell?

Yes

Traded a day: $4.00M
Shares a day: 44K

On an average day about $4.00M of the fund changes hands.

About the fund

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.

Issuer: Alpha Architect
Asset class: Asset allocation
Domicile: United States
Launched: Aug 14, 2013
Net asset value per share: $91.46

Fund page at the issuer

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