AGOX vs. NTSX
AGOX (Adaptive Alpha Opportunities ETF) and NTSX (WisdomTree U.S. Efficient Core Fund) are both exchange-traded funds - AGOX is a Tactical Allocation fund actively managed by Adaptive Funds, while NTSX is a Diversified Portfolio fund actively managed by WisdomTree. Both are actively managed. Over the past 5 years, AGOX returned 8.55%/yr vs 8.85%/yr for NTSX. A 0.73 correlation means they provide meaningful diversification when combined. AGOX charges 1.33%/yr vs 0.20%/yr for NTSX.
Performance
AGOX vs. NTSX - Performance Comparison
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Returns By Period
In the year-to-date period, AGOX achieves a 20.02% return, which is significantly higher than NTSX's 6.46% return.
AGOX
- 1D
- -2.40%
- 1M
- 1.11%
- YTD
- 20.02%
- 6M
- 16.23%
- 1Y
- 26.99%
- 3Y*
- 17.26%
- 5Y*
- 8.55%
- 10Y*
- —
NTSX
- 1D
- -0.89%
- 1M
- -0.87%
- YTD
- 6.46%
- 6M
- 5.53%
- 1Y
- 21.24%
- 3Y*
- 18.24%
- 5Y*
- 8.85%
- 10Y*
- —
AGOX vs. NTSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AGOX Adaptive Alpha Opportunities ETF | 20.02% | 8.58% | 15.97% | 19.07% | -19.21% | 8.91% |
NTSX WisdomTree U.S. Efficient Core Fund | 6.46% | 18.82% | 20.20% | 22.70% | -25.84% | 12.39% |
Correlation
The correlation between AGOX and NTSX is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since May 10, 2021 | 0.73 |
The correlation between AGOX and NTSX has been stable across timeframes, ranging from 0.65 to 0.73 - a consistent structural relationship.
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Return for Risk
AGOX vs. NTSX — Risk / Return Rank
AGOX
NTSX
AGOX vs. NTSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Adaptive Alpha Opportunities ETF (AGOX) and WisdomTree U.S. Efficient Core Fund (NTSX). 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 | NTSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.29 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.77 | 2.33 | -0.56 |
| Martin ratioReturn relative to average drawdown | 6.44 | 9.93 | -3.48 |
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Drawdowns
AGOX vs. NTSX - Drawdown Comparison
The maximum AGOX drawdown since its inception was -26.93%, smaller than the maximum NTSX drawdown of -31.34%. Use the drawdown chart below to compare losses from any high point for AGOX and NTSX.
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Drawdown Indicators
| AGOX | NTSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.93% | -31.34% | +4.41% |
Max Drawdown (1Y)Largest decline over 1 year | -15.32% | -9.16% | -6.16% |
Max Drawdown (3Y)Largest decline over 3 years | -21.15% | -16.82% | -4.33% |
Max Drawdown (5Y)Largest decline over 5 years | -26.93% | -31.34% | +4.41% |
Current DrawdownCurrent decline from peak | -3.39% | -3.02% | -0.37% |
Average DrawdownAverage peak-to-trough decline | -8.10% | -6.76% | -1.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.20% | 2.14% | +2.06% |
Volatility
AGOX vs. NTSX - Volatility Comparison
Adaptive Alpha Opportunities ETF (AGOX) and WisdomTree U.S. Efficient Core Fund (NTSX) have volatilities of 5.40% and 5.26%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AGOX | NTSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.40% | 5.26% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 16.35% | 10.56% | +5.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.77% | 13.13% | +5.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.75% | 17.17% | +2.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.67% | 18.29% | +1.38% |
AGOX vs. NTSX - Expense Ratio Comparison
AGOX has a 1.33% expense ratio, which is higher than NTSX's 0.20% expense ratio.
Dividends
AGOX vs. NTSX - Dividend Comparison
AGOX's dividend yield for the trailing twelve months is around 2.69%, more than NTSX's 1.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
AGOX Adaptive Alpha Opportunities ETF | 2.69% | 3.23% | 3.94% | 0.27% | 0.20% | 6.36% | 0.00% | 0.00% | 0.00% |
NTSX WisdomTree U.S. Efficient Core Fund | 1.10% | 1.14% | 1.14% | 1.21% | 1.36% | 0.82% | 0.92% | 1.42% | 0.62% |
Frequently Asked Questions
AGOX and NTSX have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AGOX has higher volatility (5.40%) compared to NTSX (5.26%). In terms of maximum drawdown, AGOX dropped -26.93% vs NTSX's -31.34%.
On 5-year performance, NTSX leads with 8.85% vs 8.55% for AGOX. On fees, NTSX is cheaper at 0.20% per year. On volatility, NTSX has been the lower-risk option at 5.26%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, NTSX has performed better with a 8.85% return vs 8.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NTSX is cheaper with a 0.20% expense ratio, compared with 1.33% for AGOX.
AGOX has the higher dividend yield at 2.69%, compared with 1.10% for NTSX.
AGOX is categorized as Tactical Allocation, while NTSX is Diversified Portfolio. They also come from different issuers: Adaptive Funds and WisdomTree. Their fees differ too: 1.33% for AGOX and 0.20% for NTSX.
NTSX currently has the higher Sharpe Ratio (1.63 vs 1.44), 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.
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