Cambria Tail Risk ETF
TAIL CBOE - exBATS
The Cambria Tail Risk ETF seeks to mitigate significant downside market risk. The Fund intends to invest in a portfolio of "out of the money" put options purchased on the U.S. stock market. TAIL strategy offers the potential advantage of buying more puts when volatility is low and fewer puts when v...
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- Fund size
- 82.9M as of Feb 2020
- Expense ratio
- 0.59% per year
- Dividend yield
- 2.23% Quarterly
- Volatility · 1Y
- 8.5% Above Average
- Beta
- -0.65 vs the market
- 52-week range
- 9.7211.91
How TAIL has paid off
Price return over every period, and total return with dividends reinvested, set against price alone.
Return by period
Price · to Nov 4Total return vs price return
Price onlyOver 1 year, TAIL returned −11.4% with dividends reinvested — dividends added +1.9 pts to the price move.
How bumpy is the ride?
Return only means something next to the risk taken to earn it. Volatility, drawdowns and market sensitivity over 1 year.
Volatility
Annualized · 1YA typical year sees the price swing about ±8% around its trend.
Drawdown from peak
How far below its previous high the price has been Deepest fall −18.4% on Oct 5, 2026 — 189 days after the previous high
More than 5% below a high 59% of the time.
Market sensitivity
BetaA beta of -0.65 means TAIL has moved less than the market.
Trend & momentum
Where the price sits against its moving averages, and how stretched the recent move is.
Price vs moving averages
Downtrend- 12-day average10.01 +0.1%
- 26-day average9.97 +0.5%
- 50-day average10.01 +0.1%
- 200-day average10.55 −5.0%
The price is above 3 of 4 averages. The 50-day average is below the 200-day, a sign of a falling longer-term trend.
Relative strength (RSI)
NeutralRSI compares recent gains with recent losses on a 0–100 scale. Above 70 a move is often considered stretched, below 30 washed out.
Technical indicators describe past prices. They are not a forecast.
Inside the fund
Smart Betas · DownsideProtection — tracking the Not Applicable.
- Assets under management82.9MUSD
- Expense ratio0.59%per year
- Holdings17
- Risk score5.3Medium
Launched April 2017. Fund data as of Feb 28, 2020.
What it pays you
Cash distributions over the last twelve months, and how they have grown.
About 22 USD a year for every 1,000 USD invested at today's price.
- Per share
- 0.22
- Frequency
- Quarterly
- Last paid
- Sep 18, 2026
Last 12 months
0.22 USD / shareWhere TAIL shows up
Curated themes and indices that hold TAIL. Open one to see it in context, or test the whole theme in a portfolio.
About Cambria Tail Risk ETF
The Cambria Tail Risk ETF seeks to mitigate significant downside market risk. The Fund intends to invest in a portfolio of "out of the money" put options purchased on the U.S. stock market. TAIL strategy offers the potential advantage of buying more puts when volatility is low and fewer puts when volatility is high. While a portion of the fund's assets will be invested in the basket of long put option premiums, the majority of fund assets will be invested in intermediate term US Treasuries. As the fund is designed to be a hedge against market declines and rising volatility, Cambria expects the fund to produce negative returns in the most years with rising markets or declining volatility.
- Featured in 1 curated theme
- 17 holdings
- Ticker
- TAIL
- Exchange
- CBOE - exBATS
- ISIN
- US1320618622
- CUSIP
- 132061862
- Currency
- U.S. Dollar (USD)
- Country
- USA
- Sector
- Smart Betas
- Industry
- DownsideProtection
- Benchmark
- Not Applicable
All key statistics
Details
Shareas of Nov 4, 2026
Dataas of Feb 28, 2020
Put TAIL to the test
See how it would change the return and the risk of a portfolio, with virtual money, before a single real dollar moves.
Data for information only, not investment advice. Past performance does not guarantee future results.