ASGM vs. AGOX
ASGM (Virtus AlphaSimplex Global Macro ETF) and AGOX (Adaptive Alpha Opportunities ETF) are both Tactical Allocation funds. Both are actively managed. A 0.72 correlation means they provide meaningful diversification when combined. ASGM charges 0.86%/yr vs 1.33%/yr for AGOX.
Performance
ASGM vs. AGOX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with ASGM having a 16.52% return and AGOX slightly higher at 17.04%.
ASGM
- 1D
- -1.07%
- 1M
- -2.78%
- 6M
- 11.31%
- YTD
- 16.52%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AGOX
- 1D
- -0.33%
- 1M
- -4.35%
- 6M
- 11.39%
- YTD
- 17.04%
- 1Y
- 16.60%
- 3Y*
- 14.45%
- 5Y*
- 8.44%
- 10Y*
- —
ASGM vs. AGOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ASGM Virtus AlphaSimplex Global Macro ETF | 16.52% | 11.08% |
AGOX Adaptive Alpha Opportunities ETF | 17.04% | -1.54% |
Correlation
The correlation between ASGM and AGOX 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
ASGM vs. AGOX — Risk / Return Rank
ASGM
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
AGOX
ASGM vs. AGOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus AlphaSimplex Global Macro ETF (ASGM) and Adaptive Alpha Opportunities ETF (AGOX). 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.
| ASGM | AGOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.17 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.09 | — |
| Martin ratioReturn relative to average drawdown | — | 3.86 | — |
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Drawdowns
ASGM vs. AGOX - Drawdown Comparison
The maximum ASGM drawdown since its inception was -6.62%, smaller than the maximum AGOX drawdown of -26.93%. Use the drawdown chart below to compare losses from any high point for ASGM and AGOX.
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Drawdown Indicators
| ASGM | AGOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.62% | -26.93% | +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 | -5.40% | -5.78% | +0.38% |
Average DrawdownAverage peak-to-trough decline | -1.60% | -8.05% | +6.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.31% | — |
Volatility
ASGM vs. AGOX - Volatility Comparison
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Volatility by Period
| ASGM | AGOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 6.09% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 16.68% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 16.81% | 19.08% | -2.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.81% | 19.84% | -3.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.81% | 19.68% | -2.87% |
ASGM vs. AGOX - Expense Ratio Comparison
ASGM has a 0.86% expense ratio, which is lower than AGOX's 1.33% expense ratio.
Dividends
ASGM vs. AGOX - Dividend Comparison
ASGM's dividend yield for the trailing twelve months is around 3.88%, more than AGOX's 2.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
AGOX Adaptive Alpha Opportunities ETF | 2.76% | 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
ASGM and AGOX 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 2.76% for AGOX.
They also come from different issuers: Virtus and Adaptive Funds. Their fees differ too: 0.86% for ASGM and 1.33% for AGOX.
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