CAOS vs OCTJ
Alpha Architect Tail Risk ETF vs Innovator Premium Income 30 Barrier ETF - October
Which is better, CAOS or OCTJ?
Each has led over a different period.
CAOS has a lower expense ratio. CAOS led over 1Y, OCTJ 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 | OCTJ |
|---|---|---|
| Expense Ratio | 0.63%Best | 0.79% |
| AUM | $705M | $15M |
| Dividend Yield | 0.00% | 5.32% |
| Holdings | 12 | 18 |
| YTD Return | +1.68%Best | -0.13% |
| 1Y Return | +1.45%Best | +0.46% |
| 3Y Return (annualized) | +3.57% | +3.98%Best |
| Volatility (annualized) | 1.6%Best | 2.2% |
| Max Drawdown | -3.6%Best | -5.3% |
| $10,000 over 3 years | $11,207 | $11,284Best |
| Fund Family | Alpha Architect | Innovator ETFs Trust |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Aug 14, 2013 | Oct 2, 2023 |
Not shown on this pair: 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3 years row, are measured over the window both funds cover: Oct 2, 2023 to Oct 14, 2026 (3 years).
CAOS vs OCTJ 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 years both funds cover.
CAOS vs OCTJ Performance
Alpha Architect Tail Risk ETF (CAOS) is an ETF from Alpha Architect and Innovator Premium Income 30 Barrier ETF - October (OCTJ) is an ETF from Innovator ETFs Trust. Over the past year CAOS returned +1.45% while OCTJ returned +0.46%. Year to date, CAOS is up 1.68% versus a loss of 0.13% for OCTJ.
Over three years, CAOS compounded at +3.57% per year against +3.98% for OCTJ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
OCTJ has been the more volatile fund, with annualized monthly volatility of 2.2% 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 -5.3% for OCTJ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.12. They move largely independently of each other.
Fees and Cost Over Time
CAOS charges 0.63% per year while OCTJ charges 0.79%. On a $10,000 position that is $63 vs $79 annually, a gap of $16 per year that compounds over a long holding period. On income, CAOS currently yields 0.00% against 5.32% for OCTJ.
You are not choosing between two funds in isolation.
Whichever of CAOS and OCTJ 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 OCTJ?
CAOS has an expense ratio of 0.63% while OCTJ charges 0.79%. CAOS is the cheaper option, by $16 a year on a $10,000 investment.
Which performed better, CAOS or OCTJ?
Over the past year CAOS returned +1.45% vs +0.46% for OCTJ, 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 OCTJ?
OCTJ has been the more volatile fund at 2.2% annualized versus 1.6% for CAOS. Worst drawdown: CAOS -3.6% vs OCTJ -5.3%.
Should I hold both CAOS and OCTJ?
CAOS and OCTJ have a monthly-return correlation of 0.12, 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 OCTJ?
CAOS yields 0.00% while OCTJ yields 5.32%, so OCTJ currently pays the higher dividend yield.
Is OCTJ better than CAOS?
CAOS has a lower expense ratio. CAOS led over 1Y, OCTJ over 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.