CAOS vs QQQY
Alpha Architect Tail Risk ETF vs Defiance Nasdaq 100 Weekly Distribution ETF
Which is better, CAOS or QQQY?
QQQY has been ahead.
CAOS has a lower expense ratio. QQQY 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 | CAOS | QQQY |
|---|---|---|
| Expense Ratio | 0.63%Best | 1.01% |
| AUM | $705M | $192M |
| Dividend Yield | 0.00% | 33.38% |
| Holdings | 12 | 10 |
| YTD Return | +1.68% | +17.03%Best |
| 1Y Return | +1.45% | +20.86%Best |
| 3Y Return (annualized) | +3.57% | +28.44%Best |
| Volatility (annualized) | 1.6%Best | 15.4% |
| Max Drawdown | -3.6%Best | -12.6% |
| $10,000 over 3.1 years | $11,152 | $21,154Best |
| Fund Family | Alpha Architect | Defiance ETFs, LLC |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Aug 14, 2013 | Sep 13, 2023 |
Not shown on this pair: 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.1 years row, are measured over the window both funds cover: Sep 14, 2023 to Oct 14, 2026 (3.1 years).
CAOS vs QQQY 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 QQQY Performance
Alpha Architect Tail Risk ETF (CAOS) is an ETF from Alpha Architect and Defiance Nasdaq 100 Weekly Distribution ETF (QQQY) is an ETF from Defiance ETFs, LLC. Over the past year CAOS returned +1.45% while QQQY returned +20.86%. Year to date, CAOS is up 1.68% versus a gain of 17.03% for QQQY.
Over three years, CAOS compounded at +3.57% per year against +28.44% for QQQY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQY has been the more volatile fund, with annualized monthly volatility of 15.4% 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 -12.6% for QQQY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at -0.04. They move largely independently of each other.
Fees and Cost Over Time
CAOS charges 0.63% per year while QQQY 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 33.38% for QQQY.
Holdings Overlap
We hold position weights for 1 holding in CAOS and 1 in QQQY, totalling 0.1% and 39.6% 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 QQQY, against full books of 12 and 10.
You are not choosing between two funds in isolation.
Whichever of CAOS and QQQY 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 QQQY?
CAOS has an expense ratio of 0.63% while QQQY charges 1.01%. CAOS is the cheaper option, by $38 a year on a $10,000 investment.
Which performed better, CAOS or QQQY?
Over the past year CAOS returned +1.45% vs +20.86% for QQQY, so QQQY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CAOS or QQQY?
QQQY has been the more volatile fund at 15.4% annualized versus 1.6% for CAOS. Worst drawdown: CAOS -3.6% vs QQQY -12.6%.
Should I hold both CAOS and QQQY?
CAOS and QQQY have a monthly-return correlation of -0.04, 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 QQQY?
CAOS yields 0.00% while QQQY yields 33.38%, so QQQY currently pays the higher dividend yield.
Is QQQY better than CAOS?
CAOS has a lower expense ratio. QQQY 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.