ADFI vs. AEMS

Last updated Jul 17, 2026

ADFI (Anfield Dynamic Fixed Income ETF) and AEMS (Anfield Enhanced Market ETF) are both exchange-traded funds - ADFI is a Intermediate Core-Plus Bond fund actively managed by Anfield, while AEMS is a Derivative Income fund managed by Anfield. Over the past year, ADFI returned 2.53% vs 27.34% for AEMS. At a 0.32 correlation, their price movements are largely independent. ADFI charges 1.75%/yr vs 1.21%/yr for AEMS.

Performance

ADFI vs. AEMS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Anfield Dynamic Fixed Income ETF (ADFI) and Anfield Enhanced Market ETF (AEMS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ADFI achieves a -0.29% return, which is significantly lower than AEMS's 14.93% return.

ADFI

• 1D: -0.11%
• 1M: -0.75%
• 6M: -0.58%
• YTD: -0.29%
• 1Y: 2.53%
• 3Y*: 3.07%
• 5Y*: -0.34%
• 10Y*: —

AEMS

• 1D: 0.00%
• 1M: 0.07%
• 6M: 11.44%
• YTD: 14.93%
• 1Y: 27.34%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ADFI vs. AEMS - Yearly Performance Comparison

	2026 (YTD)	2025
ADFI Anfield Dynamic Fixed Income ETF	-0.29%	2.47%
AEMS Anfield Enhanced Market ETF	14.93%	11.86%

Correlation

The correlation between ADFI and AEMS is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (All Time) Calculated using the full available price history since Jul 1, 2025	0.32

Return for Risk

ADFI vs. AEMS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ADFI

ADFI Risk / Return Rank: 22
ADFI Sharpe Ratio Rank: 20
ADFI Sortino Ratio Rank: 19
ADFI Omega Ratio Rank: 17
ADFI Calmar Ratio Rank: 26
ADFI Martin Ratio Rank: 26

AEMS

AEMS Risk / Return Rank: 55
AEMS Sharpe Ratio Rank: 48
AEMS Sortino Ratio Rank: 47
AEMS Omega Ratio Rank: 55
AEMS Calmar Ratio Rank: 60
AEMS Martin Ratio Rank: 65

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ADFI vs. AEMS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Anfield Dynamic Fixed Income ETF (ADFI) and Anfield Enhanced Market ETF (AEMS). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ADFI	AEMS	Difference
Sharpe ratio: Return per unit of total volatility	0.57	1.35	-0.78
Sortino ratio: Return per unit of downside risk	0.84	1.93	-1.09
Omega ratio: Gain probability vs. loss probability	1.10	1.28	-0.18
Calmar ratio: Return relative to maximum drawdown	1.02	2.42	-1.39
Martin ratio: Return relative to average drawdown	2.78	9.08	-6.29

ADFI vs. AEMS - Sharpe Ratio Comparison

The current ADFI Sharpe Ratio is 0.57, which is lower than the AEMS Sharpe Ratio of 1.35. The chart below compares the historical Sharpe Ratios of ADFI and AEMS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ADFI vs. AEMS - Drawdown Comparison

The maximum ADFI drawdown since its inception was -17.62%, which is greater than AEMS's maximum drawdown of -11.37%. Use the drawdown chart below to compare losses from any high point for ADFI and AEMS.

Drawdown Indicators

	ADFI	AEMS	Difference
Max Drawdown Largest peak-to-trough decline	-17.62%	-11.37%	-6.25%
Max Drawdown (1Y) Largest decline over 1 year	-2.48%	-11.37%	+8.89%
Max Drawdown (3Y) Largest decline over 3 years	-5.60%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-16.11%	—	—
Current Drawdown Current decline from peak	-3.91%	-8.91%	+5.00%
Average Drawdown Average peak-to-trough decline	-7.52%	-1.74%	-5.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.91%	3.02%	-2.11%

Volatility

ADFI vs. AEMS - Volatility Comparison

The current volatility for Anfield Dynamic Fixed Income ETF (ADFI) is 1.32%, while Anfield Enhanced Market ETF (AEMS) has a volatility of 12.31%. This indicates that ADFI experiences smaller price fluctuations and is considered to be less risky than AEMS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ADFI	AEMS	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.32%	12.31%	-10.99%
Volatility (6M) Calculated over the trailing 6-month period	3.00%	17.91%	-14.91%
Volatility (1Y) Calculated over the trailing 1-year period	4.52%	20.36%	-15.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.22%	20.01%	-13.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.86%	20.01%	-14.15%

ADFI vs. AEMS - Expense Ratio Comparison

ADFI has a 1.75% expense ratio, which is higher than AEMS's 1.21% expense ratio.

Dividends

ADFI vs. AEMS - Dividend Comparison

ADFI's dividend yield for the trailing twelve months is around 3.47%, less than AEMS's 447.11% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
ADFI Anfield Dynamic Fixed Income ETF	3.47%	3.30%	3.17%	2.90%	1.60%	0.80%	0.50%
AEMS Anfield Enhanced Market ETF	447.11%	7.53%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ADFI and AEMS in my portfolio?

ADFI and AEMS have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ADFI or AEMS?

AEMS has higher volatility (12.31%) compared to ADFI (1.32%). In terms of maximum drawdown, ADFI dropped -17.62% vs AEMS's -11.37%.

Which ETF is better, ADFI or AEMS?

On 1-year performance, AEMS leads with 27.34% vs 2.53% for ADFI. On fees, AEMS is cheaper at 1.21% per year. On volatility, ADFI has been the lower-risk option at 1.32%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ADFI or AEMS?

Over the 1-year period, AEMS has performed better with a 27.34% return vs 2.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ADFI or AEMS?

AEMS is cheaper with a 1.21% expense ratio, compared with 1.75% for ADFI.

Which ETF pays a higher dividend yield, ADFI or AEMS?

AEMS has the higher dividend yield at 447.11%, compared with 3.47% for ADFI.

What is the main difference between ADFI and AEMS?

ADFI is categorized as Intermediate Core-Plus Bond, while AEMS is Derivative Income. Their fees differ too: 1.75% for ADFI and 1.21% for AEMS.

Which has better risk-adjusted returns?

AEMS currently has the higher Sharpe Ratio (1.35 vs 0.57), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.