TAIL Performance — Cambria Tail Risk ETF
Data updated: 2026-09-28
TAIL returned −8.32% year to date and −9.43% over one year to Jul 2026. Annualised returns are −4.48% over 3 years and −8.65% over 5 years. The fund trailed its Intermediate Government Bond category average: $100 invested three years ago grew to $87, against $111 for the category, and to $91 over one year, against $103. Volatility over the past three years was 8.68% a year. In the 12 months to Jul 2026 the fund took in a net $79.4M, and assets reached $146.94M.
TAIL Growth of $100
What $100 invested in Cambria Tail Risk ETF grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Intermediate Government Bond category average over the same months.
| Period | TAIL | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $91 | $103 |
| 3 years (Aug 2023 – Jul 2026) | $87 | $111 |
| 5 years (Aug 2021 – Jul 2026) | $64 | $101 |
| Since data start (Feb 2020 – Jul 2026) | $61 | $109 |
TAIL Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | −8.32% |
| 1 year | −9.43% |
| 3 years (annualised) | −4.48% |
| 5 years (annualised) | −8.65% |
TAIL Annual Returns
Calendar-year total returns of Cambria Tail Risk ETF, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | −8.32% |
| 2025 | +5.74% |
| 2024 | −9.98% |
| 2023 | −10.99% |
| 2022 | −13.16% |
| 2021 | −12.80% |
| 2020 (Feb–Dec) | +4.12% |
TAIL Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | −0.6% | +2.5% | +0.7% | −6.3% | −2.2% | −0.2% | −2.1% | — | — | — | — | — |
| 2025 | −1.1% | +3.1% | +3.6% | +8.2% | −4.2% | −0.8% | −1.5% | +0.4% | 0.0% | +0.1% | +0.1% | −1.8% |
| 2024 | −1.1% | −3.8% | −0.2% | −2.4% | −0.8% | +0.3% | +2.5% | +0.6% | +1.0% | −2.6% | −3.0% | −0.8% |
| 2023 | −2.3% | −2.3% | +1.6% | −0.6% | −2.4% | −4.0% | −1.4% | +1.1% | −1.2% | −0.7% | −1.4% | +2.1% |
| 2022 | −0.6% | +0.6% | −6.7% | +1.7% | −0.9% | +5.6% | −5.0% | −1.8% | +2.4% | −7.9% | −1.6% | +0.8% |
| 2021 | −0.2% | −3.7% | −5.0% | −0.2% | −0.4% | +0.1% | +1.6% | −1.4% | +0.1% | −3.4% | +2.0% | −3.0% |
| 2020 | — | +7.3% | +12.0% | −4.7% | −1.9% | 0.0% | −0.6% | −2.4% | +0.5% | −1.1% | −2.9% | −1.1% |
TAIL Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 8.68%
- 3-year Sharpe ratio: -1.03 (vs 4.5% risk-free rate)
- Best month: +8.15% (Apr 2025)
- Worst month: −6.32% (Apr 2026)
TAIL Fund Flows
Monthly money in and out of Cambria Tail Risk ETF, from SEC Form N-PORT.
- 12-month net flow: $79.4M
- 12-month gross sales (incl. reinvestments): $156.1M
- Sales ÷ redemptions: 2.04×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $3.2M | $0 | $3.2M |
| Jun 2026 | $1.6M | $4.3M | −$2.7M |
| May 2026 | $0 | $3.2M | −$3.2M |
| Apr 2026 | $4.0M | $37.2M | −$33.2M |
| Mar 2026 | $43.3M | $4.1M | $39.2M |
| Feb 2026 | $8.7M | $8.0M | $683K |
| Jan 2026 | $11.5M | $4.0M | $7.4M |
| Dec 2025 | $32.6M | $8.1M | $24.6M |
| Nov 2025 | $28.6M | $3.0M | $25.6M |
| Oct 2025 | $9.5M | $3.0M | $6.6M |
| Sep 2025 | $9.5M | $1.8M | $7.8M |
| Aug 2025 | $3.5M | $0 | $3.5M |
TAIL Assets Under Management
Net assets of Cambria Tail Risk ETF by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $146.94M |
| 2026-04-30 | $157.34M |
| 2026-01-31 | $158.76M |
| 2025-10-31 | $106.48M |
| 2025-07-31 | $88.68M |
| 2025-04-30 | $156.07M |
| 2025-01-31 | $65.26M |
| 2024-10-31 | $87.36M |
| 2024-07-31 | $78.83M |
| 2024-04-30 | $82.10M |
| 2024-01-31 | $93.36M |
| 2023-10-31 | $122.29M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.