ASGM vs. ORO

Last updated Jun 23, 2026

ASGM (Virtus AlphaSimplex Global Macro ETF) and ORO (Arrow Valtoro ETF) are both Tactical Allocation funds. Both are actively managed. A 0.56 correlation means they provide meaningful diversification when combined. ASGM charges 0.86%/yr vs 1.25%/yr for ORO.

Performance

ASGM vs. ORO - Performance Comparison

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

Returns By Period

In the year-to-date period, ASGM achieves a 21.11% return, which is significantly higher than ORO's 2.46% return.

ASGM

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

ORO

• 1D: 0.74%
• 1M: -5.47%
• YTD: 2.46%
• 6M: 0.18%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ASGM vs. ORO - Yearly Performance Comparison

	2026 (YTD)	2025
ASGM Virtus AlphaSimplex Global Macro ETF	21.11%	1.91%
ORO Arrow Valtoro ETF	2.46%	-9.23%

Correlation

The correlation between ASGM and ORO is 0.56, 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 Oct 17, 2025	0.56

Return for Risk

ASGM vs. ORO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus AlphaSimplex Global Macro ETF (ASGM) and Arrow Valtoro ETF (ORO). 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.

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

Drawdowns

ASGM vs. ORO - Drawdown Comparison

The maximum ASGM drawdown since its inception was -6.62%, smaller than the maximum ORO drawdown of -12.46%. Use the drawdown chart below to compare losses from any high point for ASGM and ORO.

Drawdown Indicators

	ASGM	ORO	Difference
Max Drawdown Largest peak-to-trough decline	-6.62%	-12.46%	+5.84%
Current Drawdown Current decline from peak	-1.68%	-10.64%	+8.96%
Average Drawdown Average peak-to-trough decline	-1.33%	-6.68%	+5.35%

Volatility

Volatility by Period

	ASGM	ORO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	16.73%	23.40%	-6.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.73%	23.40%	-6.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.73%	23.40%	-6.67%

ASGM vs. ORO - Expense Ratio Comparison

ASGM has a 0.86% expense ratio, which is lower than ORO's 1.25% expense ratio.

Dividends

ASGM vs. ORO - Dividend Comparison

ASGM's dividend yield for the trailing twelve months is around 3.73%, while ORO has not paid dividends to shareholders.

Position	TTM	2025
ASGM Virtus AlphaSimplex Global Macro ETF	3.73%	4.52%
ORO Arrow Valtoro ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both ASGM and ORO in my portfolio?

ASGM and ORO have a correlation of 0.56, 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 ORO?

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 ORO?

ASGM is cheaper with a 0.86% expense ratio, compared with 1.25% for ORO.

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

ASGM has the higher dividend yield at 3.73%, compared with 0.00% for ORO.

What is the main difference between ASGM and ORO?

They also come from different issuers: Virtus and Arrow Funds. Their fees differ too: 0.86% for ASGM and 1.25% for ORO.