ASGM vs. CORO

Last updated Jun 23, 2026

ASGM (Virtus AlphaSimplex Global Macro ETF) and CORO (iShares International Country Rotation Active ETF) are both Tactical Allocation funds. Both are actively managed. Their correlation of 0.87 suggests significant overlap in exposure. ASGM charges 0.86%/yr vs 0.55%/yr for CORO.

Performance

ASGM vs. CORO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus AlphaSimplex Global Macro ETF (ASGM) and iShares International Country Rotation Active ETF (CORO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with ASGM having a 21.11% return and CORO slightly lower at 20.10%.

ASGM

• 1D: -0.22%
• 1M: 1.72%
• YTD: 21.11%
• 6M: 21.56%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CORO

• 1D: 0.35%
• 1M: 4.48%
• YTD: 20.10%
• 6M: 20.87%
• 1Y: 40.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ASGM vs. CORO - Yearly Performance Comparison

	2026 (YTD)	2025
ASGM Virtus AlphaSimplex Global Macro ETF	21.11%	11.08%
CORO iShares International Country Rotation Active ETF	20.10%	12.79%

Correlation

The correlation between ASGM and CORO is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 5, 2025	0.87

Return for Risk

ASGM vs. CORO — 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.

CORO

CORO Risk / Return Rank: 78
CORO Sharpe Ratio Rank: 81
CORO Sortino Ratio Rank: 78
CORO Omega Ratio Rank: 80
CORO Calmar Ratio Rank: 74
CORO Martin Ratio Rank: 77

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. CORO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus AlphaSimplex Global Macro ETF (ASGM) and iShares International Country Rotation Active ETF (CORO). 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	CORO	Difference
Sharpe ratio: Return per unit of total volatility	—	2.48	—
Sortino ratio: Return per unit of downside risk	—	3.31	—
Omega ratio: Gain probability vs. loss probability	—	1.46	—
Calmar ratio: Return relative to maximum drawdown	—	3.63	—
Martin ratio: Return relative to average drawdown	—	14.24	—

Drawdowns

ASGM vs. CORO - Drawdown Comparison

The maximum ASGM drawdown since its inception was -6.62%, smaller than the maximum CORO drawdown of -14.13%. Use the drawdown chart below to compare losses from any high point for ASGM and CORO.

Drawdown Indicators

	ASGM	CORO	Difference
Max Drawdown Largest peak-to-trough decline	-6.62%	-14.13%	+7.51%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.25%	—
Current Drawdown Current decline from peak	-1.68%	0.00%	-1.68%
Average Drawdown Average peak-to-trough decline	-1.33%	-1.74%	+0.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.86%	—

Volatility

Volatility by Period

	ASGM	CORO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.76%	—
Volatility (6M) Calculated over the trailing 6-month period	—	14.46%	—
Volatility (1Y) Calculated over the trailing 1-year period	16.73%	16.49%	+0.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.73%	17.11%	-0.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.73%	17.11%	-0.38%

ASGM vs. CORO - Expense Ratio Comparison

ASGM has a 0.86% expense ratio, which is higher than CORO's 0.55% expense ratio.

Dividends

ASGM vs. CORO - Dividend Comparison

ASGM's dividend yield for the trailing twelve months is around 3.73%, more than CORO's 2.67% yield.

Position	TTM	2025	2024
ASGM Virtus AlphaSimplex Global Macro ETF	3.73%	4.52%	0.00%
CORO iShares International Country Rotation Active ETF	2.67%	3.20%	1.53%

Frequently Asked Questions

Can I hold both ASGM and CORO in my portfolio?

ASGM and CORO have a correlation of 0.87, 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 CORO?

On fees, CORO is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ASGM or CORO?

CORO is cheaper with a 0.55% expense ratio, compared with 0.86% for ASGM.

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

ASGM has the higher dividend yield at 3.73%, compared with 2.67% for CORO.

What is the main difference between ASGM and CORO?

They also come from different issuers: Virtus and iShares. Their fees differ too: 0.86% for ASGM and 0.55% for CORO.