AVS vs TAIL
Direxion Daily AVGO Bear 1X ETF vs Cambria Tail Risk ETF
Which is better, AVS or TAIL?
Each has led over a different period.
TAIL has a lower expense ratio. AVS led over 1Y, TAIL over 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 | AVS | TAIL |
|---|---|---|
| Expense Ratio | 1.03% | 0.59%Best |
| AUM | $14M | $152M |
| Dividend Yield | 3.26% | 3.56% |
| Holdings | 16 | 22 |
| YTD Return | -10.04%Best | -14.34% |
| 1Y Return | -14.28%Best | -17.22% |
| 3Y Return (annualized) | - | -6.11% |
| 5Y Return (annualized) | - | -9.78% |
| Volatility (annualized) | 45.5% | 10.3%Best |
| Max Drawdown | -76.6% | -28.4%Best |
| $10,000 over 2 years | $3,575 | $8,651Best |
| Fund Family | Direxion Shares ETF Trust | Cambria Investment Management |
| Category | Alternative | Alternative |
| Style | Trading-Inverse Equity | Trading-Inverse Equity |
| Inception | Oct 10, 2024 | Apr 5, 2017 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2 years row, are measured over the window both funds cover: Oct 10, 2024 to Oct 14, 2026 (2 years).
AVS vs TAIL 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 years both funds cover.
AVS vs TAIL Performance
Direxion Daily AVGO Bear 1X ETF (AVS) is an ETF from Direxion Shares ETF Trust and Cambria Tail Risk ETF (TAIL) is an ETF from Cambria Investment Management. Over the past year AVS returned -14.28% while TAIL returned -17.22%. Year to date, AVS is down 10.04% versus a loss of 14.34% for TAIL.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
AVS has been the more volatile fund, with annualized monthly volatility of 45.5% compared with 10.3% for TAIL. 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 -76.6% for AVS and -28.4% for TAIL. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.16. They move largely independently of each other.
Fees and Cost Over Time
AVS charges 1.03% per year while TAIL charges 0.59%. On a $10,000 position that is $103 vs $59 annually, a gap of $44 per year that compounds over a long holding period. On income, AVS currently yields 3.26% against 3.56% for TAIL.
Holdings Overlap
We hold position weights for 3 holdings in AVS and 2 in TAIL, totalling 116.4% and 93.4% 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 3 positions we hold weights for in AVS and 2 in TAIL, against full books of 16 and 22.
You are not choosing between two funds in isolation.
Whichever of AVS and TAIL 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, AVS or TAIL?
AVS has an expense ratio of 1.03% while TAIL charges 0.59%. TAIL is the cheaper option, by $44 a year on a $10,000 investment.
Which performed better, AVS or TAIL?
Over the past year AVS returned -14.28% vs -17.22% for TAIL, so AVS leads on 1-year performance. Over the longest common window we track (2 years), AVS annualized -40.21% vs -6.99% for TAIL. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AVS or TAIL?
AVS has been the more volatile fund at 45.5% annualized versus 10.3% for TAIL. Worst drawdown: AVS -76.6% vs TAIL -28.4%.
Should I hold both AVS and TAIL?
AVS and TAIL have a monthly-return correlation of 0.16, 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, AVS or TAIL?
AVS yields 3.26% while TAIL yields 3.56%, so TAIL currently pays the higher dividend yield.
Is TAIL better than AVS?
TAIL has a lower expense ratio. AVS led over 1Y, TAIL over the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.