ASFYX vs. BRASX
ASFYX (Virtus AlphaSimplex Managed Futures Strategy Fund Class I) and BRASX (BlackRock Allocation Target Shares Series S Portfolio) are both mutual funds - ASFYX is a Systematic Trend fund actively managed by Virtus, while BRASX is a Short-Term Bond fund managed by BlackRock. Over the past 10 years, ASFYX returned 2.08%/yr vs 2.26%/yr for BRASX. Their -0.06 correlation means they have often moved in opposite directions in the past. ASFYX charges 1.45%/yr vs 0.00%/yr for BRASX.
Performance
ASFYX vs. BRASX - Performance Comparison
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Returns By Period
In the year-to-date period, ASFYX achieves a 9.56% return, which is significantly higher than BRASX's 0.72% return. Over the past 10 years, ASFYX has underperformed BRASX with an annualized return of 2.08%, while BRASX has yielded a comparatively higher 2.26% annualized return.
ASFYX
- 1D
- -0.35%
- 1M
- 1.07%
- 6M
- 5.34%
- YTD
- 9.56%
- 1Y
- 21.27%
- 3Y*
- -3.32%
- 5Y*
- 2.26%
- 10Y*
- 2.08%
- ALL TIME*
- 3.84%
BRASX
- 1D
- 0.00%
- 1M
- -0.22%
- 6M
- 0.34%
- YTD
- 0.72%
- 1Y
- 3.01%
- 3Y*
- 4.49%
- 5Y*
- 2.08%
- 10Y*
- 2.26%
- ALL TIME*
- 1.06%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
ASFYX vs. BRASX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ASFYX Virtus AlphaSimplex Managed Futures Strategy Fund Class I | 9.56% | -9.67% | -3.22% | -10.33% | 35.67% | 3.52% | 13.59% | 8.99% | -12.59% | 6.78% |
BRASX BlackRock Allocation Target Shares Series S Portfolio | 0.72% | 6.08% | 4.32% | 4.89% | -4.73% | -0.12% | 3.74% | 6.22% | 1.00% | 1.75% |
Correlation
The correlation between ASFYX and BRASX is -0.10, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.10 |
Correlation (3Y) Balances recent behavior with more history. | -0.12 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.31 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.16 |
Correlation (All Time) Calculated using the full available price history since Aug 3, 2010 | -0.06 |
The correlation between ASFYX and BRASX shifts across timeframes, from -0.31 (5 years) to -0.06 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ASFYX vs. BRASX — Risk / Return Rank
ASFYX
BRASX
ASFYX vs. BRASX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus AlphaSimplex Managed Futures Strategy Fund Class I (ASFYX) and BlackRock Allocation Target Shares Series S Portfolio (BRASX). 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.
| ASFYX | BRASX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -1.24 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.48 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 2.63 | 2.78 | -0.15 |
| Martin ratioReturn relative to average drawdown | 7.58 | 10.85 | -3.27 |
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Drawdowns
ASFYX vs. BRASX - Drawdown Comparison
The maximum ASFYX drawdown since its inception was -36.43%, which is greater than BRASX's maximum drawdown of -10.61%. Use the drawdown chart below to compare losses from any high point for ASFYX and BRASX.
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Drawdown Indicators
| ASFYX | BRASX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.43% | -10.61% | -25.82% |
Max Drawdown (1Y)Largest decline over 1 year | -7.42% | -1.39% | -6.03% |
Max Drawdown (3Y)Largest decline over 3 years | -30.32% | -1.39% | -28.93% |
Max Drawdown (5Y)Largest decline over 5 years | -36.43% | -7.47% | -28.96% |
Max Drawdown (10Y)Largest decline over 10 years | -36.43% | -10.61% | -25.82% |
Current DrawdownCurrent decline from peak | -22.26% | -0.33% | -21.93% |
Average DrawdownAverage peak-to-trough decline | -13.26% | -1.99% | -11.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.57% | 0.36% | +2.21% |
Volatility
ASFYX vs. BRASX - Volatility Comparison
Virtus AlphaSimplex Managed Futures Strategy Fund Class I (ASFYX) has a higher volatility of 2.89% compared to BlackRock Allocation Target Shares Series S Portfolio (BRASX) at 0.41%. This indicates that ASFYX's price experiences larger fluctuations and is considered to be riskier than BRASX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ASFYX | BRASX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.89% | 0.41% | +2.48% |
Volatility (6M)Calculated over the trailing 6-month period | 9.77% | 1.53% | +8.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.62% | 2.26% | +10.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.79% | 2.32% | +11.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.74% | 2.41% | +10.33% |
ASFYX vs. BRASX - Expense Ratio Comparison
ASFYX has a 1.45% expense ratio, which is higher than BRASX's 0.00% expense ratio.
Dividends
ASFYX vs. BRASX - Dividend Comparison
ASFYX's dividend yield for the trailing twelve months is around 1.39%, less than BRASX's 4.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASFYX Virtus AlphaSimplex Managed Futures Strategy Fund Class I | 1.39% | 1.52% | 1.46% | 0.99% | 32.48% | 6.07% | 3.40% | 5.51% | 1.30% | 0.07% | 0.01% | 5.06% |
BRASX BlackRock Allocation Target Shares Series S Portfolio | 4.19% | 4.57% | 3.44% | 2.96% | 2.18% | 1.34% | 2.49% | 3.06% | 2.26% | 2.16% | 0.00% | 0.00% |
Frequently Asked Questions
ASFYX and BRASX have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ASFYX has higher volatility (2.89%) compared to BRASX (0.41%). In terms of maximum drawdown, ASFYX dropped -36.43% vs BRASX's -10.61%.
BRASX currently has the higher Sharpe Ratio (1.72 vs 1.55), 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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