{"url":"https://etfiq.com/compare/alternatives/tail-vs-xtr","section":"compare","title":"TAIL vs XTR: Correlation to the S&P 500 | ETFIQ","description":"TAIL and XTR both run hedged equity strategies. Over the year to Nov 5, 2026, TAIL had a correlation of \u22120.81 with the S&P 500 and XTR +0.99.","as_of":"Nov 5, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which moved less with the S&P 500, TAIL or XTR?","acceptedAnswer":{"@type":"Answer","text":"Over the 52 weeks to Nov 5, 2026, TAIL\u2019s weekly returns had a correlation of \u22120.81 with the S&P 500 and XTR\u2019s +0.99, so TAIL moved less with the index."}},{"@type":"Question","name":"Which did better when the S&P 500 fell, TAIL or XTR?","acceptedAnswer":{"@type":"Answer","text":"In the 20 weeks the S&P 500 fell, by 1.61% a week on average, TAIL averaged +0.67% and XTR \u22121.53%, so TAIL returned more in those weeks."}},{"@type":"Question","name":"Which earned more than cash, TAIL or XTR?","acceptedAnswer":{"@type":"Answer","text":"Over the same weeks, TAIL finished 13.6 percentage points behind cash and XTR finished 3.6 percentage points ahead of cash. Cash here is BIL, a fund of Treasury bills."}},{"@type":"Question","name":"Which is cheaper, TAIL or XTR?","acceptedAnswer":{"@type":"Answer","text":"TAIL charges 0.60% a year and XTR charges 0.25%, so XTR 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":"TAIL vs XTR","item":"https://etfiq.com/compare/alternatives/tail-vs-xtr"}]},{"@type":"WebPage","name":"TAIL vs XTR: Correlation to the S&P 500","description":"TAIL and XTR both run hedged equity strategies. Over the year to Nov 5, 2026, TAIL had a correlation of \u22120.81 with the S&P 500 and XTR +0.99.","url":"https://etfiq.com/compare/alternatives/tail-vs-xtr","dateModified":"2026-11-05","abstract":"Over the year to Nov 5, 2026, TAIL moved less with the S&P 500 than XTR: correlation \u22120.81 against +0.99.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of TAIL and XTR","description":"TAIL and XTR both run hedged equity strategies. Over the year to Nov 5, 2026, TAIL had a correlation of \u22120.81 with the S&P 500 and XTR +0.99.","dateModified":"2026-11-05","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/alternatives/tail-vs-xtr","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":6844,"truncated":true,"content":"ETFIQ / Alternatives ETFs / Compare ETFs / TAIL vs XTR \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Nov 5, 2026 .\n\n TAIL vs XTR: Correlation to the S&P 500\n\n Over the year to Nov 5, 2026, TAIL moved less with the S&P 500 than XTR: correlation \u22120.81 against +0.99.\n Copy this for sharing \n \n XTR costs 0.35 points a year less; their one-year returns differ by 15.3 points.\n TAIL and XTR at a glance. As of Nov 5, 2026. Source: ETFIQ. TAIL XTR \n Expense ratio 0.60% 0.25% \n Net assets, TAIL as of Jul 31, 2026 and XTR as of Oct 12, 2026 $147m $5.0m \n Total return, 1 year \u22129.1% +6.2% \n Holdin","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, TAIL against XTR, data as of Nov 5, 2026. https://etfiq.com/compare/alternatives/tail-vs-xtr","a":{"ticker":"TAIL","name":"Cambria Tail Risk ETF","issuer":"Cambria","desk":"alternatives","as_of":"2026-11-05","verdict":"Over the year to Nov 5, 2026, TAIL lost 9.1%, against 9.5% for VOO.","url":"https://etfiq.com/funds/tail","key_facts":[{"label":"Correlation with the S&P 500","value":"\u22120.81","as_of":"2026-11-05","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Beta to the S&P 500","value":"\u22120.51","as_of":"2026-11-05","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Down-week capture","value":"\u221241.4%","as_of":"2026-11-05","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Against T-bills, 52 weeks","value":"\u221213.6 pts","as_of":"2026-11-05","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"12-month yield, capital gains included, on its starting price","value":"3.0%","as_of":"2026-11-05","source":"computed by ETFIQ from Tiingo daily prices and distributions"},{"label":"Last payment (paid quarterly), ex-date Sep 18, 2026","value":"$0.0844","as_of":"2026-09-18","source":"Tiingo end-of-day distributions"},{"label":"Net assets","value":"$147m","as_of":"2026-07-31","source":"SEC N-PORT, whole fund, as filed for Jul 31, 2026"},{"label":"Expense ratio","value":"0.60%","as_of":"2026-08-28","source":"485BPOS XBRL, Aug 28, 2026"}]},"b":{"ticker":"XTR","name":"Global X S&P 500 Tail Risk ETF","issuer":"Global X","desk":"alternatives","as_of":"2026-11-05","verdict":"Over the year to Nov 5, 2026, XTR returned 6.2%, against 9.5% for VOO.","url":"https://etfiq.com/funds/xtr","key_facts":[{"label":"Correlation with the S&P 500","value":"+0.99","as_of":"2026-11-05","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Beta to the S&P 500","value":"+0.90","as_of":"2026-11-05","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Down-week capture","value":"94.9%","as_of":"2026-11-05","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Against T-bills, 52 weeks","value":"+3.6 pts","as_of":"2026-11-05","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"12-month yield, capital gains included, on its starting price","value":"15.2%","as_of":"2026-11-05","source":"computed by ETFIQ from Tiingo daily prices and distributions"},{"label":"Last payment (paid annually), ex-date Jun 29, 2026","value":"$0.0832","as_of":"2026-06-29","source":"Tiingo end-of-day distributions"},{"label":"Net assets","value":"$5.0m","as_of":"2026-10-12","source":"issuer page, as of Oct 12, 2026"},{"label":"Expense ratio","value":"0.25%","as_of":"2026-02-26","source":"485BPOS XBRL, Feb 26, 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/tail-vs-xtr"}