CAOSAlpha Architect Tail Risk ETF
Seeks to maximize total return through a combination of capital appreciation and current income.
By Alpha Architect · Launched 2013
Annual Cost
0.63%
#3,331 of 5,853 · average
Fund Size
$705M
#1,353 of 5,853 · large
Return (1Y)Goal
+1.9%
Track Record
12 years
#1,083 of 5,853 · established
Performance
Total-return NAV · USDGrowth of $10,000
$10,186+1.9%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 10 holdings = 117.8% of fundconcentrated
SPY 06/18/2026 10010.01 P
89.8%
SPX US 06/18/26 P12000
21.4%
SPY 06/18/2026 10.01 C
6.2%
SPX US 06/18/26 P2500
0.3%
SPXW US 04/02/26 P6400
0.1%
First American Government Obligations FundFGXXX
0.1%
SPX US 05/15/26 P2500
0.0%
SPX US 04/17/26 P2500
0.0%
SPY 06/18/2026 10010.01 C
0.0%
SPY 06/18/2026 10.01 P
0.0%
Asset allocation
Stocks
200.2%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
1.6%Low
Year-on-year price swings
Max drawdown
-3.6%Mild
Worst peak-to-trough loss
Sharpe (3Y)
-0.03Below average
Sortino (3Y)
-0.05Moderate downside risk
Listing
- Exchange
- Cboe BZX
Full fund details
- Objective
- Seeks to maximize total return through a combination of capital appreciation and current income.
- Strategy
- Actively manages a portfolio of options contracts linked to the performance of large-cap U.S. companies to maximize total return through capital appreciation and current income. The Fund utilizes SPX Options to gain market exposure and hedge against declines, with a focus on managing risk during market dislocation events.
- Inception date
- August 14, 2013
- Fund family
- Alpha Architect
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Data updated on 2026-08-02