AGOX vs. ASGM
AGOX (Adaptive Alpha Opportunities ETF) and ASGM (Virtus AlphaSimplex Global Macro ETF) are both Tactical Allocation funds. Both are actively managed. Over the past year, AGOX returned 18.91% vs 31.80% for ASGM. Their 0.72 correlation means they have sometimes moved together and sometimes differently. 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 20.76% return, which is significantly higher than ASGM's 18.65% return.
AGOX
- 1D
- 3.67%
- 1M
- 0.52%
- 6M
- 15.82%
- YTD
- 20.76%
- 1Y
- 18.91%
- 3Y*
- 16.26%
- 5Y*
- 8.47%
- 10Y*
- —
- ALL TIME*
- 9.30%
ASGM
- 1D
- 1.49%
- 1M
- 2.38%
- 6M
- 12.01%
- YTD
- 18.65%
- 1Y
- 31.80%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.86M | $2.80M | $2.80M | |
| $8.29K | $15.16K | $26.32K |
AGOX vs. ASGM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AGOX Adaptive Alpha Opportunities ETF | 20.76% | -1.54% |
ASGM Virtus AlphaSimplex Global Macro ETF | 18.65% | 11.08% |
Correlation
The correlation between AGOX and ASGM is 0.72, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| 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 | 1.19 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.24 | — | — |
| Martin ratioReturn relative to average drawdown | 4.18 | — | — |
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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 -7.37%. 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% | -7.37% | -19.56% |
Max Drawdown (1Y)Largest decline over 1 year | -15.32% | -7.37% | -7.95% |
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 | -2.79% | -3.68% | +0.89% |
Average DrawdownAverage peak-to-trough decline | -8.03% | -1.79% | -6.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.54% | — | — |
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 | 6.44% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 16.99% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 19.53% | 16.75% | +2.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.88% | 16.75% | +3.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.69% | 16.75% | +2.94% |
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 2.67%, less than ASGM's 3.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
AGOX Adaptive Alpha Opportunities ETF | 2.67% | 3.23% | 3.94% | 0.27% | 0.20% | 6.36% |
ASGM Virtus AlphaSimplex Global Macro ETF | 3.81% | 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 1-year performance, ASGM leads with 31.80% vs 18.91% for AGOX. 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.
Over the 1-year period, ASGM has performed better with a 31.80% return vs 18.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ASGM is cheaper with a 0.86% expense ratio, compared with 1.33% for AGOX.
ASGM has the higher dividend yield at 3.81%, compared with 2.67% for AGOX.
They also come from different issuers: Adaptive and Virtus. Their fees differ too: 1.33% for AGOX and 0.86% for ASGM.
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