ASGM vs. BSR

Last updated Jun 24, 2026

ASGM (Virtus AlphaSimplex Global Macro ETF) and BSR (Beacon Selective Risk ETF) are both Tactical Allocation funds. ASGM is actively managed, while BSR is passively managed. A 0.72 correlation means they provide meaningful diversification when combined. ASGM charges 0.86%/yr vs 1.10%/yr for BSR.

Performance

ASGM vs. BSR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus AlphaSimplex Global Macro ETF (ASGM) and Beacon Selective Risk ETF (BSR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ASGM achieves a 17.56% return, which is significantly higher than BSR's 2.77% return.

ASGM

• 1D: -2.93%
• 1M: -1.26%
• YTD: 17.56%
• 6M: 17.07%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BSR

• 1D: -0.10%
• 1M: -0.29%
• YTD: 2.77%
• 6M: 2.04%
• 1Y: 10.43%
• 3Y*: 7.09%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ASGM vs. BSR - Yearly Performance Comparison

	2026 (YTD)	2025
ASGM Virtus AlphaSimplex Global Macro ETF	17.56%	11.08%
BSR Beacon Selective Risk ETF	2.77%	4.37%

Correlation

The correlation between ASGM and BSR 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

Return for Risk

ASGM vs. BSR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ASGM

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

BSR

BSR Risk / Return Rank: 35
BSR Sharpe Ratio Rank: 36
BSR Sortino Ratio Rank: 34
BSR Omega Ratio Rank: 34
BSR Calmar Ratio Rank: 37
BSR Martin Ratio Rank: 33

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ASGM vs. BSR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus AlphaSimplex Global Macro ETF (ASGM) and Beacon Selective Risk ETF (BSR). 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	BSR	Difference
Sharpe ratio: Return per unit of total volatility	—	1.19	—
Sortino ratio: Return per unit of downside risk	—	1.67	—
Omega ratio: Gain probability vs. loss probability	—	1.21	—
Calmar ratio: Return relative to maximum drawdown	—	1.70	—
Martin ratio: Return relative to average drawdown	—	4.57	—

Drawdowns

ASGM vs. BSR - Drawdown Comparison

The maximum ASGM drawdown since its inception was -6.62%, smaller than the maximum BSR drawdown of -15.68%. Use the drawdown chart below to compare losses from any high point for ASGM and BSR.

Drawdown Indicators

	ASGM	BSR	Difference
Max Drawdown Largest peak-to-trough decline	-6.62%	-15.68%	+9.06%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.15%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-15.68%	—
Current Drawdown Current decline from peak	-4.56%	-4.99%	+0.43%
Average Drawdown Average peak-to-trough decline	-1.34%	-4.58%	+3.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.29%	—

Volatility

Volatility by Period

	ASGM	BSR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.41%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.52%	—
Volatility (1Y) Calculated over the trailing 1-year period	17.01%	8.79%	+8.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.01%	16.17%	+0.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.01%	16.17%	+0.84%

ASGM vs. BSR - Expense Ratio Comparison

ASGM has a 0.86% expense ratio, which is lower than BSR's 1.10% expense ratio.

Dividends

ASGM vs. BSR - Dividend Comparison

ASGM's dividend yield for the trailing twelve months is around 3.84%, more than BSR's 2.82% yield.

Position	TTM	2025	2024	2023
ASGM Virtus AlphaSimplex Global Macro ETF	3.84%	4.52%	0.00%	0.00%
BSR Beacon Selective Risk ETF	2.82%	2.89%	0.89%	1.08%

Frequently Asked Questions

Can I hold both ASGM and BSR in my portfolio?

ASGM and BSR 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.

Which ETF is better, ASGM or BSR?

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.

Which ETF is cheaper, ASGM or BSR?

ASGM is cheaper with a 0.86% expense ratio, compared with 1.10% for BSR.

Which ETF pays a higher dividend yield, ASGM or BSR?

ASGM has the higher dividend yield at 3.84%, compared with 2.82% for BSR.

What is the main difference between ASGM and BSR?

They also come from different issuers: Virtus and American Beacon. Their fees differ too: 0.86% for ASGM and 1.10% for BSR.