AGOX vs. ASGM
AGOX (Adaptive Alpha Opportunities ETF) and ASGM (Virtus AlphaSimplex Global Macro ETF) are both Tactical Allocation funds. Both are actively managed. A 0.72 correlation means they provide meaningful diversification when combined. AGOX charges 1.33%/yr vs 0.86%/yr for ASGM.
Performance
AGOX vs. ASGM - Performance Comparison
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Returns By Period
In the year-to-date period, AGOX achieves a 21.36% return, which is significantly higher than ASGM's 16.47% return.
AGOX
- 1D
- 1.03%
- 1M
- 1.40%
- YTD
- 21.36%
- 6M
- 17.43%
- 1Y
- 24.39%
- 3Y*
- 17.77%
- 5Y*
- 8.70%
- 10Y*
- —
ASGM
- 1D
- 0.39%
- 1M
- -3.32%
- YTD
- 16.47%
- 6M
- 15.66%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AGOX vs. ASGM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AGOX Adaptive Alpha Opportunities ETF | 21.36% | -1.54% |
ASGM Virtus AlphaSimplex Global Macro ETF | 16.47% | 11.08% |
Correlation
The correlation between AGOX and ASGM is 0.72, 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 Aug 5, 2025 | 0.72 |
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Return for Risk
AGOX vs. ASGM — Risk / Return Rank
AGOX
ASGM
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
AGOX vs. ASGM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Adaptive Alpha Opportunities ETF (AGOX) and Virtus AlphaSimplex Global Macro ETF (ASGM). 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.
| AGOX | ASGM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.25 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.60 | — | — |
| Martin ratioReturn relative to average drawdown | 5.81 | — | — |
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Drawdowns
AGOX vs. ASGM - Drawdown Comparison
The maximum AGOX drawdown since its inception was -26.93%, which is greater than ASGM's maximum drawdown of -6.62%. Use the drawdown chart below to compare losses from any high point for AGOX and ASGM.
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Drawdown Indicators
| AGOX | ASGM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.93% | -6.62% | -20.31% |
Max Drawdown (1Y)Largest decline over 1 year | -15.32% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -21.15% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -26.93% | — | — |
Current DrawdownCurrent decline from peak | -2.31% | -5.44% | +3.13% |
Average DrawdownAverage peak-to-trough decline | -8.10% | -1.38% | -6.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.21% | — | — |
Volatility
AGOX vs. ASGM - Volatility Comparison
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Volatility by Period
| AGOX | ASGM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.36% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 16.33% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 18.67% | 17.01% | +1.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.75% | 17.01% | +2.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.66% | 17.01% | +2.65% |
AGOX vs. ASGM - Expense Ratio Comparison
AGOX has a 1.33% expense ratio, which is higher than ASGM's 0.86% expense ratio.
Dividends
AGOX vs. ASGM - Dividend Comparison
AGOX's dividend yield for the trailing twelve months is around 2.66%, less than ASGM's 3.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
AGOX Adaptive Alpha Opportunities ETF | 2.66% | 3.23% | 3.94% | 0.27% | 0.20% | 6.36% |
ASGM Virtus AlphaSimplex Global Macro ETF | 3.88% | 4.52% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AGOX and ASGM have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ASGM is cheaper at 0.86% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ASGM is cheaper with a 0.86% expense ratio, compared with 1.33% for AGOX.
ASGM has the higher dividend yield at 3.88%, compared with 2.66% for AGOX.
They also come from different issuers: Adaptive Funds and Virtus. Their fees differ too: 1.33% for AGOX and 0.86% for ASGM.
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