AAPY vs CAOS
Kurv Yield Premium Strategy Apple ETF vs Alpha Architect Tail Risk ETF
Which is better, AAPY or CAOS?
AAPY has been ahead.
CAOS has a lower expense ratio. AAPY led over 1Y 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 | AAPY | CAOS |
|---|---|---|
| Expense Ratio | 0.99% | 0.63%Best |
| AUM | $8M | $705M |
| Dividend Yield | 11.04% | 0.00% |
| Holdings | 10 | 12 |
| YTD Return | +18.66%Best | +1.68% |
| 1Y Return | +29.83%Best | +1.45% |
| 3Y Return (annualized) | - | +3.57% |
| Volatility (annualized) | 18.4% | 1.6%Best |
| Max Drawdown | -29.2% | -3.6%Best |
| $10,000 over 2.7 years | $15,233Best | $10,939 |
| Fund Family | Kurv | Alpha Architect |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Oct 27, 2023 | Aug 14, 2013 |
Not shown on this pair: 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.7 years row, are measured over the window both funds cover: Feb 7, 2024 to Oct 14, 2026 (2.7 years).
AAPY 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 2.7 years both funds cover.
AAPY vs CAOS Performance
Kurv Yield Premium Strategy Apple ETF (AAPY) is an ETF from Kurv and Alpha Architect Tail Risk ETF (CAOS) is an ETF from Alpha Architect. Over the past year AAPY returned +29.83% while CAOS returned +1.45%. Year to date, AAPY is up 18.66% versus a gain of 1.68% for CAOS.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
AAPY has been the more volatile fund, with annualized monthly volatility of 18.4% 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 -29.2% for AAPY 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 0.06. They move largely independently of each other.
Fees and Cost Over Time
AAPY charges 0.99% per year while CAOS charges 0.63%. On a $10,000 position that is $99 vs $63 annually, a gap of $36 per year that compounds over a long holding period. On income, AAPY currently yields 11.04% against 0.00% for CAOS.
Holdings Overlap
We hold position weights for 1 holding in AAPY and 1 in CAOS, totalling 30.8% and 0.1% 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 AAPY and 1 in CAOS, against full books of 10 and 12.
You are not choosing between two funds in isolation.
Whichever of AAPY 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, AAPY or CAOS?
AAPY has an expense ratio of 0.99% while CAOS charges 0.63%. CAOS is the cheaper option, by $36 a year on a $10,000 investment.
Which performed better, AAPY or CAOS?
Over the past year AAPY returned +29.83% vs +1.45% for CAOS, so AAPY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AAPY or CAOS?
AAPY has been the more volatile fund at 18.4% annualized versus 1.6% for CAOS. Worst drawdown: AAPY -29.2% vs CAOS -3.6%.
Should I hold both AAPY and CAOS?
AAPY and CAOS have a monthly-return correlation of 0.06, 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, AAPY or CAOS?
AAPY yields 11.04% while CAOS yields 0.00%, so AAPY currently pays the higher dividend yield.
Is CAOS better than AAPY?
CAOS has a lower expense ratio. AAPY led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.