Screener
TAIL vs BHDG
Cambria Tail Risk ETF vs Nicholas Bitcoin Tail ETF
Key differences
- BHDG costs 0.59% less per year.
- TAIL is significantly larger than BHDG — larger funds tend to be more liquid and less likely to close.
- TAIL follows a tactical allocation strategy; BHDG uses option income.
- TAIL has a longer track record, which may reduce uncertainty around long-term behavior.
Side-by-side comparison
| TAIL | BHDG | |
|---|---|---|
| Annual cost (TER) | 0.59% | 0.00% |
| Fund size (AUM) | $157M | $13M |
| Since | 2017 | 2026 |
| Dividend yield | 3.41% | — |
| Asset class | alternative | alternative |
| Region | north america | — |
| Strategy | tactical allocation | option income |
| CAGR 1Y | -9.0% | N/A |
| CAGR 3Y | -6.3% | N/A |
| CAGR 5Y | -8.5% | N/A |
| Sharpe 3Y | -0.64 | N/A |
| Volatility 1Y | 8.55% | — |
| Max drawdown | -52.37% | -15.07% |
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