TAIL – Cambria Tail Risk ETF

Cambria Tail Risk ETF (TAIL) is a Trading--Inverse Equity ETF, issued by Cambria Investment Management, $156M in assets, 0.59% expense ratio.

Returns as of Oct 23, 2026: 1 week +0.8%, 1 year -8.0%.

Actively managed, invests in cash and U.S. government bonds, uses put options to manage risk of significant negative movement in domestic equities.

Top holdings

• FXFXX – First American Funds Inc. - Treasury Obligations Fund, 2.4%

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