AAEQ vs. AFOS

Last updated Jun 4, 2026

AAEQ (Alpha Architect US Equity 2 ETF) and AFOS (ARS Focused Opportunities Strategy ETF) are both Large Cap Blend Equities funds. Their correlation of 0.81 suggests significant overlap in exposure. AAEQ charges 0.15%/yr vs 0.45%/yr for AFOS.

Performance

AAEQ vs. AFOS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alpha Architect US Equity 2 ETF (AAEQ) and ARS Focused Opportunities Strategy ETF (AFOS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AAEQ achieves a 8.91% return, which is significantly lower than AFOS's 32.04% return.

AAEQ

• 1D: -0.75%
• 1M: 4.79%
• YTD: 8.91%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AFOS

• 1D: -0.29%
• 1M: 8.94%
• YTD: 32.04%
• 6M: 37.37%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AAEQ vs. AFOS - Yearly Performance Comparison

	2026 (YTD)	2025
AAEQ Alpha Architect US Equity 2 ETF	8.91%	-1.99%
AFOS ARS Focused Opportunities Strategy ETF	32.04%	0.19%

Correlation

The correlation between AAEQ and AFOS is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 11, 2025	0.81

Return for Risk

AAEQ vs. AFOS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alpha Architect US Equity 2 ETF (AAEQ) and ARS Focused Opportunities Strategy ETF (AFOS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	AAEQ	AFOS	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.09	4.35	-3.26

Drawdowns

AAEQ vs. AFOS - Drawdown Comparison

The maximum AAEQ drawdown since its inception was -10.26%, smaller than the maximum AFOS drawdown of -11.52%. Use the drawdown chart below to compare losses from any high point for AAEQ and AFOS.

Drawdown Indicators

	AAEQ	AFOS	Difference
Max Drawdown Largest peak-to-trough decline	-10.26%	-11.52%	+1.26%
Current Drawdown Current decline from peak	-0.75%	-0.29%	-0.46%
Average Drawdown Average peak-to-trough decline	-2.46%	-1.37%	-1.09%

Volatility

Volatility by Period

	AAEQ	AFOS	Difference
Volatility (1Y) Calculated over the trailing 1-year period	13.72%	20.19%	-6.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.72%	20.19%	-6.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.72%	20.19%	-6.47%

AAEQ vs. AFOS - Expense Ratio Comparison

AAEQ has a 0.15% expense ratio, which is lower than AFOS's 0.45% expense ratio.

Dividends

AAEQ vs. AFOS - Dividend Comparison

AAEQ's dividend yield for the trailing twelve months is around 0.09%, less than AFOS's 0.22% yield.

Position	TTM	2025
AAEQ Alpha Architect US Equity 2 ETF	0.09%	0.10%
AFOS ARS Focused Opportunities Strategy ETF	0.22%	0.30%

Frequently Asked Questions

Can I hold both AAEQ and AFOS in my portfolio?

AAEQ and AFOS have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AAEQ or AFOS?

On fees, AAEQ is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AAEQ or AFOS?

AAEQ is cheaper with a 0.15% expense ratio, compared with 0.45% for AFOS.

Which ETF pays a higher dividend yield, AAEQ or AFOS?

AFOS has the higher dividend yield at 0.22%, compared with 0.09% for AAEQ.

What is the main difference between AAEQ and AFOS?

They also come from different issuers: Alpha Architect and ARS Investment Partners. Their fees differ too: 0.15% for AAEQ and 0.45% for AFOS.