APLY vs CAOS
YieldMax AAPL Option Income Strategy ETF vs Alpha Architect Tail Risk ETF
Which is better, APLY or CAOS?
APLY has been ahead.
CAOS has a lower expense ratio. APLY led over 1Y, 3Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | APLY | CAOS |
|---|---|---|
| Expense Ratio | 1.04% | 0.63%Best |
| AUM | $121M | $705M |
| Dividend Yield | 33.28% | 0.00% |
| Holdings | 26 | 12 |
| YTD Return | +14.25%Best | +1.68% |
| 1Y Return | +22.71%Best | +1.45% |
| 3Y Return (annualized) | +14.42%Best | +3.57% |
| Volatility (annualized) | 16.2% | 1.9%Best |
| Max Drawdown | -31.1% | -3.6%Best |
| $10,000 over 3.5 years | $15,654Best | $11,685 |
| Fund Family | YieldMax ETF | Alpha Architect |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Apr 17, 2023 | Aug 14, 2013 |
Not shown on this pair: 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.5 years row, are measured over the window both funds cover: Apr 18, 2023 to Oct 14, 2026 (3.5 years).
APLY vs CAOS growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.5 years both funds cover.
APLY vs CAOS Performance
YieldMax AAPL Option Income Strategy ETF (APLY) is an ETF from YieldMax ETF and Alpha Architect Tail Risk ETF (CAOS) is an ETF from Alpha Architect. Over the past year APLY returned +22.71% while CAOS returned +1.45%. Year to date, APLY is up 14.25% versus a gain of 1.68% for CAOS.
Over three years, APLY compounded at +14.42% per year against +3.57% for CAOS. Across the full 4-year window we track, APLY has the edge at +13.66% annualized vs +4.55%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
APLY has been the more volatile fund, with annualized monthly volatility of 16.2% compared with 1.9% for CAOS. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -31.1% for APLY and -3.6% for CAOS. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.30. They move together some of the time, and apart the rest.
Fees and Cost Over Time
APLY charges 1.04% per year while CAOS charges 0.63%. On a $10,000 position that is $104 vs $63 annually, a gap of $41 per year that compounds over a long holding period. On income, APLY currently yields 33.28% against 0.00% for CAOS.
Holdings Overlap
We hold position weights for 4 holdings in APLY and 1 in CAOS, totalling 22.5% and 0.1% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 1 positions appear in both.
1 positions in common, counted across the 4 positions we hold weights for in APLY and 1 in CAOS, against full books of 26 and 12.
Top Shared Holdings
| Stock | Weight in APLY | Weight in CAOS | Difference |
|---|---|---|---|
| FGXXXFirst American Government Obligations Fund | 3.35% | 0.10% | 3.25% |
You are not choosing between two funds in isolation.
Whichever of APLY and CAOS you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, APLY or CAOS?
APLY has an expense ratio of 1.04% while CAOS charges 0.63%. CAOS is the cheaper option, by $41 a year on a $10,000 investment.
Which performed better, APLY or CAOS?
Over the past year APLY returned +22.71% vs +1.45% for CAOS, so APLY leads on 1-year performance. Over the longest common window we track (4 years), APLY annualized +13.66% vs +4.55% for CAOS. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, APLY or CAOS?
APLY has been the more volatile fund at 16.2% annualized versus 1.9% for CAOS. Worst drawdown: APLY -31.1% vs CAOS -3.6%.
Should I hold both APLY and CAOS?
APLY and CAOS have a monthly-return correlation of 0.30, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, APLY or CAOS?
APLY yields 33.28% while CAOS yields 0.00%, so APLY currently pays the higher dividend yield.
Is CAOS better than APLY?
CAOS has a lower expense ratio. APLY led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.