{"url":"https://etfiq.com/compare/alternatives/caos-vs-shdg","section":"compare","title":"CAOS vs SHDG: Correlation to the S&P 500 | ETFIQ","description":"CAOS and SHDG both run hedged equity strategies. Over the year to Nov 4, 2026, CAOS had a correlation of \u22120.15 with the S&P 500 and SHDG +0.90.","as_of":"Nov 4, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which moved less with the S&P 500, CAOS or SHDG?","acceptedAnswer":{"@type":"Answer","text":"Over the 52 weeks to Nov 4, 2026, CAOS\u2019s weekly returns had a correlation of \u22120.15 with the S&P 500 and SHDG\u2019s +0.90, so CAOS moved less with the index."}},{"@type":"Question","name":"Which did better when the S&P 500 fell, CAOS or SHDG?","acceptedAnswer":{"@type":"Answer","text":"In the 26 weeks the S&P 500 fell, by 1.07% a week on average, CAOS averaged +0.04% and SHDG \u22120.75%, so CAOS returned more in those weeks."}},{"@type":"Question","name":"Which earned more than cash, CAOS or SHDG?","acceptedAnswer":{"@type":"Answer","text":"Over the same weeks, CAOS finished 2.3 percentage points behind cash and SHDG finished 1.6 percentage points ahead of cash. Cash here is BIL, a fund of Treasury bills."}},{"@type":"Question","name":"Which is cheaper, CAOS or SHDG?","acceptedAnswer":{"@type":"Answer","text":"CAOS charges 0.63% a year and SHDG charges 0.91%, so CAOS is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Alternatives ETFs","item":"https://etfiq.com/alternatives/"},{"@type":"ListItem","position":3,"name":"Compare ETFs","item":"https://etfiq.com/compare/"},{"@type":"ListItem","position":4,"name":"CAOS vs SHDG","item":"https://etfiq.com/compare/alternatives/caos-vs-shdg"}]},{"@type":"WebPage","name":"CAOS vs SHDG: Correlation to the S&P 500","description":"CAOS and SHDG both run hedged equity strategies. Over the year to Nov 4, 2026, CAOS had a correlation of \u22120.15 with the S&P 500 and SHDG +0.90.","url":"https://etfiq.com/compare/alternatives/caos-vs-shdg","dateModified":"2026-11-04","abstract":"Over the year to Nov 4, 2026, CAOS moved less with the S&P 500 than SHDG: correlation \u22120.15 against +0.90.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of CAOS and SHDG","description":"CAOS and SHDG both run hedged equity strategies. Over the year to Nov 4, 2026, CAOS had a correlation of \u22120.15 with the S&P 500 and SHDG +0.90.","dateModified":"2026-11-04","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/alternatives/caos-vs-shdg","license":"https://etfiq.com/license/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/alternatives.json"}],"variableMeasured":["Correlation with the S&P 500","Beta to the S&P 500","Down-week capture","Average week when the S&P 500 fell","Return against T-bills","Total return","Strategy","Expense ratio"],"keywords":["exchange-traded funds","ETF","Alternatives ETFs","fund data","SEC filings"]}],"characters":6928,"truncated":true,"content":"ETFIQ / Alternatives ETFs / Compare ETFs / CAOS vs SHDG \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Nov 4, 2026 .\n\n CAOS vs SHDG: Correlation to the S&P 500\n\n Over the year to Nov 4, 2026, CAOS moved less with the S&P 500 than SHDG: correlation \u22120.15 against +0.90.\n Copy this for sharing \n \n CAOS costs 0.28 points a year less; their one-year returns differ by 4.3 points.\n CAOS and SHDG at a glance. As of Nov 4, 2026. Source: ETFIQ. CAOS SHDG \n Expense ratio 0.63% 0.91% \n Net assets, CAOS as of Nov 3, 2026 and SHDG as of Jul 31, 2026 $728m $161m \n Total return, 1 year +1.3% +5.6% \n H","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, CAOS against SHDG, data as of Nov 4, 2026. https://etfiq.com/compare/alternatives/caos-vs-shdg","a":{"ticker":"CAOS","name":"Alpha Architect Tail Risk ETF","issuer":"Alpha Architect","desk":"alternatives","as_of":"2026-11-04","verdict":"Over the year to Nov 4, 2026, CAOS returned 1.3%. When the S&P 500 fell, it rose 0.04% a week.","url":"https://etfiq.com/funds/caos","key_facts":[{"label":"Correlation with the S&P 500","value":"\u22120.15","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Beta to the S&P 500","value":"\u22120.01","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Down-week capture","value":"\u22123.3%","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Against T-bills, 52 weeks","value":"\u22122.3 pts","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Net assets","value":"$728m","as_of":"2026-11-03","source":"issuer page, as of Nov 3, 2026"},{"label":"Expense ratio","value":"0.63%","as_of":"2026-01-28","source":"485BPOS XBRL, Jan 28, 2026"}]},"b":{"ticker":"SHDG","name":"Soundwatch Hedged Equity ETF","issuer":"Soundwatch","desk":"alternatives","as_of":"2026-11-04","verdict":"Over the year to Nov 4, 2026, SHDG returned 5.6%, against 14.8% for VOO.","url":"https://etfiq.com/funds/shdg","key_facts":[{"label":"Correlation with the S&P 500","value":"+0.90","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Beta to the S&P 500","value":"+0.60","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Down-week capture","value":"70.4%","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Against T-bills, 52 weeks","value":"+1.6 pts","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"12-month yield, capital gains included, on its starting price","value":"0.5%","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices and distributions"},{"label":"Last payment (paid annually), ex-date Dec 29, 2025","value":"$0.1599","as_of":"2025-12-29","source":"Tiingo end-of-day distributions"},{"label":"Net assets","value":"$161m","as_of":"2026-07-31","source":"SEC N-PORT, whole fund, as filed for Jul 31, 2026"},{"label":"Expense ratio","value":"0.91%","as_of":"2026-02-27","source":"485BPOS XBRL, Feb 27, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/alternatives/caos-vs-shdg"}