---
ticker: "TAIL"
name: "Cambria Tail Risk ETF"
url: "https://etf.net/etf/TAIL"
grade: "B"
score: 56
graded_at: "2026-10-12"
category: "Portfolio Hedging"
category_rank: "6 of 13"
methodology: "https://etf.net/methodology"
---

# TAIL: Cambria Tail Risk ETF

Grade **B**, Score 56 of 100. Rank 6 of 13 in Portfolio Hedging.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 66 | 5 of 13 |
| Mission | Not scored | — |
| Risk | 36 | 10 of 13 |
| Tradability | 54 | 6 of 13 |
| Holdings | Not scored | — |
| Durability | 69 | 5 of 13 |

## Top holdings

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

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | United States Treasury Note/Bond 4.25% 05/15/2035 | 91.67% |
| 2 | — | Cash & Other | 2.62% |
| 3 | — | Spx Us 09/17/27 P7000 | 1.34% |
| 4 | — | First American Treasury Obligations Fund 01/01/2040 | 0.97% |
| 5 | — | Spx Us 12/17/27 P7000 | 0.88% |
| 6 | — | Spx Us 09/17/27 P7200 | 0.86% |
| 7 | — | Spx Us 06/17/27 P6900 | 0.59% |
| 8 | — | Spx Us 03/19/27 P6400 | 0.42% |
| 9 | — | Spx Us 06/17/27 P6500 | 0.36% |
| 10 | — | Spx Us 06/17/27 P6200 | 0.16% |
| 11 | — | Spx Us 12/18/26 P6200 | 0.14% |

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