---
ticker: "CAOS"
name: "Alpha Architect Tail Risk ETF"
url: "https://etf.net/etf/CAOS"
grade: "B"
score: 65
graded_at: "2026-10-12"
category: "Portfolio Hedging"
category_rank: "2 of 13"
methodology: "https://etf.net/methodology"
---

# CAOS: Alpha Architect Tail Risk ETF

Grade **B**, Score 65 of 100. Rank 2 of 13 in Portfolio Hedging.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 54 | 6 of 13 |
| Mission | Not scored | — |
| Risk | 74 | 3 of 13 |
| Tradability | 73 | 1 of 13 |
| Holdings | Not scored | — |
| Durability | 92 | 1 of 13 |

## Top holdings

The fund holds 11 positions. These are the largest 11, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | Spy 12/18/2026 10010.01 P | 88.80% |
| 2 | — | Spx Us 12/18/26 P13400 | 19.89% |
| 3 | — | Spy 12/18/2026 10.01 C | 7.46% |
| 4 | — | Spx Us 02/19/27 P3200 | 0.22% |
| 5 | — | Spx Us 01/15/27 P3200 | 0.14% |
| 6 | — | First American Government Obligations Fund 12/01/2031 | 0.12% |
| 7 | — | Spx Us 12/18/26 P2900 | 0.04% |
| 8 | — | Spx Us 12/18/26 C8000 | 0.03% |
| 9 | — | Spx Us 11/20/26 P2800 | 0.01% |
| 10 | — | Spx Us 12/18/26 P7000 | <0.01% |
| 11 | — | Spx Us 10/16/26 P2600 | <0.01% |

Source: etf.net, https://etf.net/etf/CAOS. Please cite the page URL.