ASMF vs. LLII
ASMF (Virtus AlphaSimplex Managed Futures ETF) and LLII (REX LLY Growth & Income ETF) are both exchange-traded funds - ASMF is a Systematic Trend fund actively managed by Virtus, while LLII is a Derivative Income fund actively managed by REX. Both are actively managed. At a 0.02 correlation, their price movements are largely independent. ASMF charges 0.80%/yr vs 0.99%/yr for LLII.
Performance
ASMF vs. LLII - Performance Comparison
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Returns By Period
In the year-to-date period, ASMF achieves a 9.39% return, which is significantly higher than LLII's -4.28% return.
ASMF
- 1D
- 0.01%
- 1M
- 1.73%
- YTD
- 9.39%
- 6M
- 11.45%
- 1Y
- 17.16%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LLII
- 1D
- 1.47%
- 1M
- 9.79%
- YTD
- -4.28%
- 6M
- 0.70%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ASMF vs. LLII - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ASMF Virtus AlphaSimplex Managed Futures ETF | 9.39% | 3.57% |
LLII REX LLY Growth & Income ETF | -4.28% | 19.03% |
Correlation
The correlation between ASMF and LLII is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 5, 2025 | 0.02 |
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Return for Risk
ASMF vs. LLII — Risk / Return Rank
ASMF
LLII
ASMF vs. LLII - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus AlphaSimplex Managed Futures ETF (ASMF) and REX LLY Growth & Income ETF (LLII). 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.
| ASMF | LLII | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.29 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.43 | — | — |
| Martin ratioReturn relative to average drawdown | 9.07 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ASMF | LLII | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.55 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.71 | -0.41 |
Drawdowns
ASMF vs. LLII - Drawdown Comparison
The maximum ASMF drawdown since its inception was -15.31%, smaller than the maximum LLII drawdown of -23.96%. Use the drawdown chart below to compare losses from any high point for ASMF and LLII.
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Drawdown Indicators
| ASMF | LLII | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.31% | -23.96% | +8.65% |
Max Drawdown (1Y)Largest decline over 1 year | -5.02% | — | — |
Current DrawdownCurrent decline from peak | -1.34% | -6.88% | +5.54% |
Average DrawdownAverage peak-to-trough decline | -7.61% | -9.28% | +1.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.90% | — | — |
Volatility
ASMF vs. LLII - Volatility Comparison
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Volatility by Period
| ASMF | LLII | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.59% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 9.28% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 11.16% | 36.42% | -25.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.97% | 36.42% | -25.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.97% | 36.42% | -25.45% |
ASMF vs. LLII - Expense Ratio Comparison
ASMF has a 0.80% expense ratio, which is lower than LLII's 0.99% expense ratio.
Dividends
ASMF vs. LLII - Dividend Comparison
ASMF's dividend yield for the trailing twelve months is around 0.20%, less than LLII's 25.95% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
ASMF Virtus AlphaSimplex Managed Futures ETF | 0.20% | 0.22% | 1.66% |
LLII REX LLY Growth & Income ETF | 25.95% | 5.13% | 0.00% |
Frequently Asked Questions
ASMF and LLII have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ASMF is cheaper at 0.80% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ASMF is cheaper with a 0.80% expense ratio, compared with 0.99% for LLII.
LLII has the higher dividend yield at 25.95%, compared with 0.20% for ASMF.
ASMF is categorized as Systematic Trend, while LLII is Derivative Income. They also come from different issuers: Virtus and REX. Their fees differ too: 0.80% for ASMF and 0.99% for LLII.
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