Summary
TAIL
Prices · period metrics · 12M
NAV as of 20/07/2026
02/04/2025 → 02/04/2026
Return -8.40% Volatility 17.73% Sharpe -0.09
Official loaded data — not a live quote.

CAMBRIA TAIL RISK ETF

Symbol: TAIL

Exchange: BATS

Sector: Technology

Category: Trading--Inverse Equity

Inception date: 05/04/2017

Latest date: 20/07/2026

Current price: $10.58

Expense ratio: 0.59%

Assets under management
$146.9M
0.19% daily change

Period performance

Adjusted cumulative ETF performance, normalized to the first available adjusted price in the selected period.

Adjusted return
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Performance metrics

Period total return

-0.47%

Ann. 4.45% (Sharpe / Sortino numerator)

Volatility

14.79%

Sharpe ratio

0.055

VaR 95%

-1.09%

CVaR 95%: -1.82%
Max drawdown: -3.29%
Sortino ratio: 0.071
Calmar ratio: 1.35

The performance chart and period total return use a rolling window to the latest adjusted close. For 1M/3M/6M/... periods, default behavior is Yahoo-style rolling (first session on or after "latest date minus N calendar months" through the latest quote). If the calendar is already in a new month, the last quote is near month-end, and there is no current-month data yet, the window switches to N full calendar months ending in that quote month. Sharpe, Sortino, VaR and related metrics still come from the latest batch row. Sharpe/Sortino use annualized excess return versus the US risk-free rate, so a positive chart can still show a negative ratio if annualized return is below cash.

Period total return

-4.73%

Ann. 5.42% (Sharpe / Sortino numerator)

Volatility

11.68%

Sharpe ratio

0.153

VaR 95%

-1.07%

CVaR 95%: -1.50%
Max drawdown: -3.29%
Sortino ratio: 0.226
Calmar ratio: 1.65

The performance chart and period total return use a rolling window to the latest adjusted close. For 1M/3M/6M/... periods, default behavior is Yahoo-style rolling (first session on or after "latest date minus N calendar months" through the latest quote). If the calendar is already in a new month, the last quote is near month-end, and there is no current-month data yet, the window switches to N full calendar months ending in that quote month. Sharpe, Sortino, VaR and related metrics still come from the latest batch row. Sharpe/Sortino use annualized excess return versus the US risk-free rate, so a positive chart can still show a negative ratio if annualized return is below cash.

Period total return

-7.14%

Ann. -1.88% (Sharpe / Sortino numerator)

Volatility

10.18%

Sharpe ratio

-0.542

VaR 95%

-0.85%

CVaR 95%: -1.23%
Max drawdown: -5.19%
Sortino ratio: -0.888
Calmar ratio: -0.36

The performance chart and period total return use a rolling window to the latest adjusted close. For 1M/3M/6M/... periods, default behavior is Yahoo-style rolling (first session on or after "latest date minus N calendar months" through the latest quote). If the calendar is already in a new month, the last quote is near month-end, and there is no current-month data yet, the window switches to N full calendar months ending in that quote month. Sharpe, Sortino, VaR and related metrics still come from the latest batch row. Sharpe/Sortino use annualized excess return versus the US risk-free rate, so a positive chart can still show a negative ratio if annualized return is below cash.

Period total return

-8.40%

Ann. 1.96% (Sharpe / Sortino numerator)

Volatility

17.73%

Sharpe ratio

-0.094

VaR 95%

-0.92%

CVaR 95%: -2.05%
Max drawdown: -16.23%
Sortino ratio: -0.126
Calmar ratio: 0.12

The performance chart and period total return use a rolling window to the latest adjusted close. For 1M/3M/6M/... periods, default behavior is Yahoo-style rolling (first session on or after "latest date minus N calendar months" through the latest quote). If the calendar is already in a new month, the last quote is near month-end, and there is no current-month data yet, the window switches to N full calendar months ending in that quote month. Sharpe, Sortino, VaR and related metrics still come from the latest batch row. Sharpe/Sortino use annualized excess return versus the US risk-free rate, so a positive chart can still show a negative ratio if annualized return is below cash.

Period total return

-4.79%

Ann. 1.05% (Sharpe / Sortino numerator)

Volatility

15.86%

Sharpe ratio

-0.162

VaR 95%

-1.03%

CVaR 95%: -1.95%
Max drawdown: -16.23%
Sortino ratio: -0.228
Calmar ratio: 0.06

The performance chart and period total return use a rolling window to the latest adjusted close. For 1M/3M/6M/... periods, default behavior is Yahoo-style rolling (first session on or after "latest date minus N calendar months" through the latest quote). If the calendar is already in a new month, the last quote is near month-end, and there is no current-month data yet, the window switches to N full calendar months ending in that quote month. Sharpe, Sortino, VaR and related metrics still come from the latest batch row. Sharpe/Sortino use annualized excess return versus the US risk-free rate, so a positive chart can still show a negative ratio if annualized return is below cash.

Period total return

-14.48%

Ann. -4.79% (Sharpe / Sortino numerator)

Volatility

14.22%

Sharpe ratio

-0.592

VaR 95%

-1.07%

CVaR 95%: -1.77%
Max drawdown: -22.72%
Sortino ratio: -0.862
Calmar ratio: -0.21

The performance chart and period total return use a rolling window to the latest adjusted close. For 1M/3M/6M/... periods, default behavior is Yahoo-style rolling (first session on or after "latest date minus N calendar months" through the latest quote). If the calendar is already in a new month, the last quote is near month-end, and there is no current-month data yet, the window switches to N full calendar months ending in that quote month. Sharpe, Sortino, VaR and related metrics still come from the latest batch row. Sharpe/Sortino use annualized excess return versus the US risk-free rate, so a positive chart can still show a negative ratio if annualized return is below cash.

Daily returns for period 12M

Daily simple returns from the same adjusted closes used by the performance chart: 21/07/2025 - 20/07/2026.

Methodology: adjusted prices + daily simple return
Average daily return

-0.034%

Best day

1.989%

10/10/2025
Worst day

-2.498%

31/03/2026
Days with data

250

Recent price history (last 90 days)

Date Open High Low Close Volume
20/07/2026 $10.56 $10.60 $10.55 $10.58 102,300
17/07/2026 $10.64 $10.68 $10.60 $10.62 120,700
16/07/2026 $10.53 $10.57 $10.52 $10.56 161,000
15/07/2026 $10.52 $10.57 $10.52 $10.55 82,600
14/07/2026 $10.53 $10.56 $10.52 $10.53 159,700
13/07/2026 $10.51 $10.54 $10.51 $10.52 88,500
10/07/2026 $10.56 $10.57 $10.52 $10.54 145,900
09/07/2026 $10.56 $10.58 $10.42 $10.54 296,400
08/07/2026 $10.58 $10.60 $10.56 $10.58 151,600
07/07/2026 $10.60 $10.61 $10.57 $10.58 189,600