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ETFs

Cambria Global Tail Risk ETF

FAIL
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Feb 23, 2016
Expense Ratio
0.71%
Type
Global Diversified
Fund Owner
Cambria Funds
Volume (1m avg. daily)
$3,235
AUM
$3,708,520
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

IEF CL
BlackRock Institutional Trust Company N.A. - iShares 7-10 Year Treasury Bond ETF
20.12%
TIP
iShares TIPS Bond ETF
19.58%
EMLC
VANECK ETF TRUST JP MRGAN EM LOC
18.24%
025L
VANGUARD CHARLOTTE FDS TOTAL INT BD ETF
17.67%
—
Cash & Other
10.41%
TFIT15260826
Colombia 7.5 % Bonos 2011-26.8.26
4.85%
—
MSCI EAF PUT OPT 06/24 2000
2.71%
—
MSCI EME PUT OPT 06/24 950
1.84%
—
MSCI EAF PUT OPT 03/24 2000
1.6%
—
MSCI EME PUT OPT 03/24 950
1.34%
Invest with FAIL
Trade FAIL Options

What is FAIL?

The Cambria Global 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 broad ex-U.S. stock markets. FAIL s 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 and TIPS, as well as short and intermediate term ex-U.S. sovereign bonds. As the fund is designed to be a hedge against market declines and rising volatility, Cambria expects the fund to produce negative returns in most years with rising markets or declining volatility.

1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade

FAIL
Performance Measures**

for the time period Dec 5, 2024 to Jan 8, 2025

Returns

1M Trailing Return: -1.5%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: —

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -2.3%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 7.4%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: -2.43

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: -7.00

The annualized return divided by the max drawdown for the selected time period.

ETFs related toFAIL

ETFs correlated to FAIL include UNIY, TUA, UTEN

FAIL
Cambria Investment Management LP - Cambria Global Tail Risk ETF
UNIY
WisdomTree Trust - WisdomTree Voya Yield Enhanced USD Universal Bond Fund
TUA
Simplify Exchange Traded Funds - Simplify Short Term Treasury Futures Strategy ETF
UTEN
Rbb Fund Inc - US Treasury 10 Year Note ETF
IBTK
iShares Trust - iShares iBonds Dec 2030 Term Treasury ETF
IEF
BlackRock Institutional Trust Company N.A. - iShares 7-10 Year Treasury Bond ETF
GOVT
BlackRock Institutional Trust Company N.A. - iShares U.S. Treasury Bond ETF
TAIL
Cambria Investment Management LP - Cambria Tail Risk ETF
SCHR
Schwab Strategic Trust - Schwab Intermediate-Term U.S. Treasury ETF
VGIT
Vanguard Group, Inc. - Vanguard Intermediate-Term Treasury ETF
GOVI
Invesco Capital Management LLC - Invesco Equal Weight 0-30 Year Treasury ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

FAIL is a Global Diversified ETF. The Cambria Global 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 broad ex-U.S. stock markets. FAIL s 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 and TIPS, as well as short and intermediate term ex-U.S. sovereign bonds. As the fund is designed to be a hedge against market declines and rising volatility, Cambria expects the fund to produce negative returns in most years with rising markets or declining volatility.

Yes, FAIL is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, FAIL is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on FAIL is -0.0081%. This is the percent change in the value of FAIL over the most recent 1-month period. The 3-month return on FAIL is -0.0293%. This is the percent change in the value of FAIL over the most recent 3-month period.

The standard deviation of FAIL for the past year is 0.1357%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to FAIL include AOR, DRSK, and FPEI.

ETFs correlated to FAIL include UNIY, TUA, and UTEN.

ETFs that are inversely correlated to FAIL include PST, TBX, and TMV.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.