AFOS vs. SSPY
AFOS (ARS Focused Opportunities Strategy ETF) and SSPY (Stratified LargeCap Index ETF) are both Large Cap Blend Equities funds. A 0.56 correlation means they provide meaningful diversification when combined. Both charge a 0.45% expense ratio.
Performance
AFOS vs. SSPY - Performance Comparison
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Returns By Period
In the year-to-date period, AFOS achieves a 32.04% return, which is significantly higher than SSPY's 10.14% return.
AFOS
- 1D
- -0.29%
- 1M
- 8.94%
- YTD
- 32.04%
- 6M
- 37.37%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SSPY
- 1D
- -0.30%
- 1M
- 3.36%
- YTD
- 10.14%
- 6M
- 10.60%
- 1Y
- 20.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AFOS vs. SSPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AFOS ARS Focused Opportunities Strategy ETF | 32.04% | 36.15% |
SSPY Stratified LargeCap Index ETF | 10.14% | 8.00% |
Correlation
The correlation between AFOS and SSPY is 0.56, 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 27, 2025 | 0.56 |
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Return for Risk
AFOS vs. SSPY — Risk / Return Rank
AFOS
SSPY
AFOS vs. SSPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ARS Focused Opportunities Strategy ETF (AFOS) and Stratified LargeCap Index ETF (SSPY). 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.
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Sharpe Ratios by Period
| AFOS | SSPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.95 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 4.35 | 0.92 | +3.43 |
Drawdowns
AFOS vs. SSPY - Drawdown Comparison
The maximum AFOS drawdown since its inception was -11.52%, smaller than the maximum SSPY drawdown of -16.16%. Use the drawdown chart below to compare losses from any high point for AFOS and SSPY.
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Drawdown Indicators
| AFOS | SSPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.52% | -16.16% | +4.64% |
Max Drawdown (1Y)Largest decline over 1 year | — | -7.32% | — |
Current DrawdownCurrent decline from peak | -0.29% | -0.30% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -1.37% | -2.32% | +0.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.90% | — |
Volatility
AFOS vs. SSPY - Volatility Comparison
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Volatility by Period
| AFOS | SSPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.44% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 7.62% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.19% | 10.63% | +9.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.19% | 14.55% | +5.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.19% | 14.55% | +5.64% |
AFOS vs. SSPY - Expense Ratio Comparison
Both AFOS and SSPY have an expense ratio of 0.45%.
Dividends
AFOS vs. SSPY - Dividend Comparison
AFOS's dividend yield for the trailing twelve months is around 0.22%, less than SSPY's 1.26% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
AFOS ARS Focused Opportunities Strategy ETF | 0.22% | 0.30% | 0.00% |
SSPY Stratified LargeCap Index ETF | 1.26% | 1.38% | 0.35% |
Frequently Asked Questions
AFOS and SSPY have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.45% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
AFOS and SSPY have the same expense ratio: 0.45% per year.
SSPY has the higher dividend yield at 1.26%, compared with 0.22% for AFOS.
They also come from different issuers: ARS Investment Partners and Exchange Traded Concepts.
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