ASGM vs. VOO

Last updated Jun 4, 2026

ASGM (Virtus AlphaSimplex Global Macro ETF) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - ASGM is a Tactical Allocation fund actively managed by Virtus, while VOO is a S&P 500 fund tracking the S&P 500 Index. ASGM is actively managed, while VOO is passively managed. Their correlation of 0.84 suggests significant overlap in exposure. ASGM charges 0.86%/yr vs 0.03%/yr for VOO.

Performance

ASGM vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus AlphaSimplex Global Macro ETF (ASGM) and Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ASGM achieves a 22.52% return, which is significantly higher than VOO's 10.91% return.

ASGM

• 1D: -0.53%
• 1M: 7.21%
• YTD: 22.52%
• 6M: 24.07%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

VOO

• 1D: -0.70%
• 1M: 5.04%
• YTD: 10.91%
• 6M: 10.93%
• 1Y: 28.04%
• 3Y*: 22.44%
• 5Y*: 13.90%
• 10Y*: 15.56%

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

ASGM vs. VOO - Yearly Performance Comparison

	2026 (YTD)	2025
ASGM Virtus AlphaSimplex Global Macro ETF	22.52%	11.57%
VOO Vanguard S&P 500 ETF	10.91%	9.24%

Correlation

The correlation between ASGM and VOO is 0.84, 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 6, 2025	0.84

Return for Risk

ASGM vs. VOO — Risk / Return Rank

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

VOO

VOO Risk / Return Rank: 70
VOO Sharpe Ratio Rank: 71
VOO Sortino Ratio Rank: 70
VOO Omega Ratio Rank: 70
VOO Calmar Ratio Rank: 62
VOO Martin Ratio Rank: 75

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. VOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus AlphaSimplex Global Macro ETF (ASGM) and Vanguard S&P 500 ETF (VOO). 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.

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

Sharpe Ratios by Period

	ASGM	VOO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.39	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.83	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.87	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.95	0.89	+2.06

Drawdowns

ASGM vs. VOO - Drawdown Comparison

The maximum ASGM drawdown since its inception was -6.62%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for ASGM and VOO.

Drawdown Indicators

	ASGM	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-6.62%	-33.99%	+27.37%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.90%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-18.69%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.52%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.99%	—
Current Drawdown Current decline from peak	-0.53%	-0.70%	+0.17%
Average Drawdown Average peak-to-trough decline	-1.22%	-3.69%	+2.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.91%	—

Volatility

Volatility by Period

	ASGM	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.84%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.90%	—
Volatility (1Y) Calculated over the trailing 1-year period	15.67%	11.80%	+3.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.67%	16.81%	-1.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.67%	18.01%	-2.34%

ASGM vs. VOO - Expense Ratio Comparison

ASGM has a 0.86% expense ratio, which is higher than VOO's 0.03% expense ratio.

Dividends

ASGM vs. VOO - Dividend Comparison

ASGM's dividend yield for the trailing twelve months is around 3.69%, more than VOO's 1.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASGM Virtus AlphaSimplex Global Macro ETF	3.69%	4.52%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VOO Vanguard S&P 500 ETF	1.03%	1.13%	1.24%	1.46%	1.69%	1.25%	1.54%	1.88%	2.06%	1.78%	2.02%	2.10%

Frequently Asked Questions

Can I hold both ASGM and VOO in my portfolio?

ASGM and VOO have a correlation of 0.84, 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 VOO?

On fees, VOO is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ASGM or VOO?

VOO is cheaper with a 0.03% expense ratio, compared with 0.86% for ASGM.

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

ASGM has the higher dividend yield at 3.69%, compared with 1.03% for VOO.

What is the main difference between ASGM and VOO?

ASGM is categorized as Tactical Allocation, while VOO is S&P 500. They also come from different issuers: Virtus and Vanguard. Their fees differ too: 0.86% for ASGM and 0.03% for VOO.