AFOS vs. PVEX
AFOS (ARS Focused Opportunities Strategy ETF) and PVEX (TrueShares ConVequity ETF) are both Large Cap Blend Equities funds. A 0.77 correlation means they provide meaningful diversification when combined. AFOS charges 0.45%/yr vs 0.82%/yr for PVEX.
Performance
AFOS vs. PVEX - Performance Comparison
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Returns By Period
In the year-to-date period, AFOS achieves a 31.60% return, which is significantly higher than PVEX's 7.08% return.
AFOS
- 1D
- -3.79%
- 1M
- 4.43%
- YTD
- 31.60%
- 6M
- 30.16%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PVEX
- 1D
- -0.28%
- 1M
- -0.96%
- YTD
- 7.08%
- 6M
- 6.55%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AFOS vs. PVEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AFOS ARS Focused Opportunities Strategy ETF | 31.60% | 35.06% |
PVEX TrueShares ConVequity ETF | 7.08% | 13.68% |
Correlation
The correlation between AFOS and PVEX is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 30, 2025 | 0.77 |
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Return for Risk
AFOS vs. PVEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ARS Focused Opportunities Strategy ETF (AFOS) and TrueShares ConVequity ETF (PVEX). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Drawdowns
AFOS vs. PVEX - Drawdown Comparison
The maximum AFOS drawdown since its inception was -11.52%, which is greater than PVEX's maximum drawdown of -7.63%. Use the drawdown chart below to compare losses from any high point for AFOS and PVEX.
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Drawdown Indicators
| AFOS | PVEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.52% | -7.63% | -3.89% |
Current DrawdownCurrent decline from peak | -3.79% | -3.17% | -0.62% |
Average DrawdownAverage peak-to-trough decline | -1.42% | -1.95% | +0.53% |
Volatility
AFOS vs. PVEX - Volatility Comparison
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Volatility by Period
| AFOS | PVEX | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 21.52% | 15.27% | +6.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.52% | 15.27% | +6.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.52% | 15.27% | +6.25% |
AFOS vs. PVEX - Expense Ratio Comparison
AFOS has a 0.45% expense ratio, which is lower than PVEX's 0.82% expense ratio.
Dividends
AFOS vs. PVEX - Dividend Comparison
AFOS's dividend yield for the trailing twelve months is around 0.23%, more than PVEX's 0.18% yield.
| Position | TTM | 2025 |
|---|---|---|
AFOS ARS Focused Opportunities Strategy ETF | 0.23% | 0.30% |
PVEX TrueShares ConVequity ETF | 0.18% | 0.19% |
Frequently Asked Questions
AFOS and PVEX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AFOS is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AFOS is cheaper with a 0.45% expense ratio, compared with 0.82% for PVEX.
AFOS has the higher dividend yield at 0.23%, compared with 0.18% for PVEX.
They also come from different issuers: ARS Investment Partners and TrueShares. Their fees differ too: 0.45% for AFOS and 0.82% for PVEX.
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