TAILCambria Tail Risk ETF
Seeks income and capital appreciation while protecting against significant downside risk in the U.S. market.
By Cambria Investment Management · Launched 2017
Annual Cost
0.59%
#3,001 of 5,562 · average
Fund Size
$151M
#2,566 of 5,562 · mid-size
Dividend YieldGoal
3.49%
Track Record
9 years
#1,542 of 5,562 · established
Performance
Total-return NAV · USDGrowth of $10,000
$9,061-9.4%
Total-return NAV, USD. Net of fund fees, before tax.
Classification
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 10 holdings = 98.9% of fundconcentrated
US TREASURY N/B
89.7%
First American Treasury Obliga
3.2%
N/ASPX 12 P6200
1.9%
N/ASPX 12 P6100
1.3%
N/ASPX 3 P6400
1.0%
N/ASPX 9 P6000
1.0%
N/ASPX 9 P5800
0.3%
N/ASPX 6 P5500
0.2%
N/ASPX 9 P5600
0.2%
N/ASPX 6 P5000
0.1%
Asset allocation
Bonds
90.1%
Stocks
16.3%
Other
0.2%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
8.5%Low
Year-on-year price swings
Max drawdown
-52.4%Severe
Worst peak-to-trough loss
Sharpe (3Y)
-0.58Below average
Sortino (3Y)
-0.89Moderate downside risk
Bond profile
Duration
4.3 years
Avg maturity
9.9 years
Credit ratings
US Government
90.1%
Where to buy
Listing
- Exchange
- Cboe BZX
Full fund details
- Objective
- Seeks income and capital appreciation while protecting against significant downside risk in the U.S. market.
- Strategy
- Actively managed, invests in cash and U.S. government bonds, and employs a put option strategy to hedge against significant declines in U.S. equities. Each month, the Fund purchases protective out-of-the-money put options on U.S. stock indices, targeting options that are 0% to 30% out of the money.
- Inception date
- April 5, 2017
- Fund family
- Cambria Investment Management
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Data updated on 2026-06-19