CAOS vs NFLY
Alpha Architect Tail Risk ETF vs YieldMax NFLX Option Income Strategy ETF
Which is better, CAOS or NFLY?
Each has led over a different period.
CAOS has a lower expense ratio. CAOS led over 1Y, NFLY over 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 | CAOS | NFLY |
|---|---|---|
| Expense Ratio | 0.63%Best | 1.01% |
| AUM | $705M | $34M |
| Dividend Yield | 0.00% | 64.35% |
| Holdings | 12 | 22 |
| YTD Return | +1.68%Best | -21.81% |
| 1Y Return | +1.45%Best | -38.72% |
| 3Y Return (annualized) | +3.57% | +17.49%Best |
| Volatility (annualized) | 1.6%Best | 27.5% |
| Max Drawdown | -3.6%Best | -45.1% |
| $10,000 over 3.2 years | $11,184 | $13,370Best |
| Fund Family | Alpha Architect | YieldMax ETF |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Aug 14, 2013 | Aug 7, 2023 |
Not shown on this pair: 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.2 years row, are measured over the window both funds cover: Aug 8, 2023 to Oct 14, 2026 (3.2 years).
CAOS vs NFLY 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
CAOS vs NFLY Performance
Alpha Architect Tail Risk ETF (CAOS) is an ETF from Alpha Architect and YieldMax NFLX Option Income Strategy ETF (NFLY) is an ETF from YieldMax ETF. Over the past year CAOS returned +1.45% while NFLY returned -38.72%. Year to date, CAOS is up 1.68% versus a loss of 21.81% for NFLY.
Over three years, CAOS compounded at +3.57% per year against +17.49% for NFLY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NFLY has been the more volatile fund, with annualized monthly volatility of 27.5% compared with 1.6% 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 -3.6% for CAOS and -45.1% for NFLY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.49. They move together some of the time, and apart the rest.
Fees and Cost Over Time
CAOS charges 0.63% per year while NFLY charges 1.01%. On a $10,000 position that is $63 vs $101 annually, a gap of $38 per year that compounds over a long holding period. On income, CAOS currently yields 0.00% against 64.35% for NFLY.
Holdings Overlap
We hold position weights for 1 holding in CAOS and 1 in NFLY, totalling 0.1% and 27.2% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 1 positions we hold weights for in CAOS and 1 in NFLY, against full books of 12 and 22.
You are not choosing between two funds in isolation.
Whichever of CAOS and NFLY 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, CAOS or NFLY?
CAOS has an expense ratio of 0.63% while NFLY charges 1.01%. CAOS is the cheaper option, by $38 a year on a $10,000 investment.
Which performed better, CAOS or NFLY?
Over the past year CAOS returned +1.45% vs -38.72% for NFLY, so CAOS leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CAOS or NFLY?
NFLY has been the more volatile fund at 27.5% annualized versus 1.6% for CAOS. Worst drawdown: CAOS -3.6% vs NFLY -45.1%.
Should I hold both CAOS and NFLY?
CAOS and NFLY have a monthly-return correlation of 0.49, 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, CAOS or NFLY?
CAOS yields 0.00% while NFLY yields 64.35%, so NFLY currently pays the higher dividend yield.
Is NFLY better than CAOS?
CAOS has a lower expense ratio. CAOS led over 1Y, NFLY over 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.