ASMF vs. RSST

Last updated Aug 2, 2026

ASMF (Virtus AlphaSimplex Managed Futures ETF) and RSST (Return Stacked U.S. Stocks & Managed Futures ETF) are both exchange-traded funds - ASMF is a Systematic Trend fund actively managed by Virtus, while RSST is a Large Cap Blend Equities fund actively managed by Return Stacked. Both are actively managed. Over the past year, ASMF returned 16.60% vs 47.14% for RSST. Their 0.69 correlation means they have sometimes moved together and sometimes differently. ASMF charges 0.80%/yr vs 0.99%/yr for RSST.

Performance

ASMF vs. RSST - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus AlphaSimplex Managed Futures ETF (ASMF) and Return Stacked U.S. Stocks & Managed Futures ETF (RSST). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ASMF achieves a 7.73% return, which is significantly lower than RSST's 14.96% return.

ASMF

• 1D: 0.77%
• 1M: 1.36%
• 6M: 3.31%
• YTD: 7.73%
• 1Y: 16.60%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 2.24%

RSST

• 1D: 1.26%
• 1M: 1.13%
• 6M: 10.06%
• YTD: 14.96%
• 1Y: 47.14%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 19.03%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ASMF Virtus AlphaSimplex Managed Futures ETF	$131.02K	$83.29K	$68.36K
RSST Return Stacked U.S. Stocks & Managed Futures ETF	$2.69M	$3.70M	$3.80M

ASMF vs. RSST - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ASMF Virtus AlphaSimplex Managed Futures ETF	7.73%	1.16%	-3.65%
RSST Return Stacked U.S. Stocks & Managed Futures ETF	14.96%	19.91%	-1.19%

Correlation

The correlation between ASMF and RSST is 0.73, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.73
Correlation (All Time) Calculated using the full available price history since May 16, 2024	0.69

The correlation between ASMF and RSST has been stable across timeframes, ranging from 0.69 to 0.73 - a consistent structural relationship.

Return for Risk

ASMF vs. RSST — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ASMF

ASMF Risk / Return Rank: 65
ASMF Sharpe Ratio Rank: 61
ASMF Sortino Ratio Rank: 58
ASMF Omega Ratio Rank: 61
ASMF Calmar Ratio Rank: 85
ASMF Martin Ratio Rank: 62

RSST

RSST Risk / Return Rank: 78
RSST Sharpe Ratio Rank: 78
RSST Sortino Ratio Rank: 68
RSST Omega Ratio Rank: 75
RSST Calmar Ratio Rank: 88
RSST Martin Ratio Rank: 81

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ASMF vs. RSST - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus AlphaSimplex Managed Futures ETF (ASMF) and Return Stacked U.S. Stocks & Managed Futures ETF (RSST). 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.

	ASMF	RSST	Difference
Sharpe ratio: Return per unit of total volatility	1.43	1.78	-0.35
Sortino ratio: Return per unit of downside risk	1.99	2.22	-0.23
Omega ratio: Gain probability vs. loss probability	1.27	1.31	-0.04
Calmar ratio: Return relative to maximum drawdown	3.26	3.53	-0.27
Martin ratio: Return relative to average drawdown	7.54	10.47	-2.93

ASMF vs. RSST - Sharpe Ratio Comparison

The current ASMF Sharpe Ratio is 1.43, which is comparable to the RSST Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of ASMF and RSST, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ASMF vs. RSST - Drawdown Comparison

The maximum ASMF drawdown since its inception was -15.31%, smaller than the maximum RSST drawdown of -30.80%. Use the drawdown chart below to compare losses from any high point for ASMF and RSST.

Drawdown Indicators

	ASMF	RSST	Difference
Max Drawdown Largest peak-to-trough decline	-15.31%	-30.80%	+15.49%
Max Drawdown (1Y) Largest decline over 1 year	-5.02%	-11.71%	+6.69%
Current Drawdown Current decline from peak	-2.83%	-6.24%	+3.41%
Average Drawdown Average peak-to-trough decline	-7.27%	-6.02%	-1.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.17%	3.95%	-1.78%

Volatility

ASMF vs. RSST - Volatility Comparison

The current volatility for Virtus AlphaSimplex Managed Futures ETF (ASMF) is 2.26%, while Return Stacked U.S. Stocks & Managed Futures ETF (RSST) has a volatility of 4.47%. This indicates that ASMF experiences smaller price fluctuations and is considered to be less risky than RSST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ASMF	RSST	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.26%	4.47%	-2.21%
Volatility (6M) Calculated over the trailing 6-month period	9.19%	16.48%	-7.29%
Volatility (1Y) Calculated over the trailing 1-year period	11.49%	23.27%	-11.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.90%	24.24%	-13.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.90%	24.24%	-13.34%

ASMF vs. RSST - Expense Ratio Comparison

ASMF has a 0.80% expense ratio, which is lower than RSST's 0.99% expense ratio.

Dividends

ASMF vs. RSST - Dividend Comparison

ASMF's dividend yield for the trailing twelve months is around 0.20%, less than RSST's 0.98% yield.

Position	TTM	2025	2024	2023
ASMF Virtus AlphaSimplex Managed Futures ETF	0.20%	0.22%	1.66%	0.00%
RSST Return Stacked U.S. Stocks & Managed Futures ETF	0.98%	1.12%	0.09%	0.93%

Frequently Asked Questions

Can I hold both ASMF and RSST in my portfolio?

ASMF and RSST have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ASMF or RSST?

RSST has higher volatility (4.47%) compared to ASMF (2.26%). In terms of maximum drawdown, ASMF dropped -15.31% vs RSST's -30.80%.

Which ETF is better, ASMF or RSST?

On 1-year performance, RSST leads with 47.14% vs 16.60% for ASMF. On fees, ASMF is cheaper at 0.80% per year. On volatility, ASMF has been the lower-risk option at 2.26%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ASMF or RSST?

Over the 1-year period, RSST has performed better with a 47.14% return vs 16.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ASMF or RSST?

ASMF is cheaper with a 0.80% expense ratio, compared with 0.99% for RSST.

Which ETF pays a higher dividend yield, ASMF or RSST?

RSST has the higher dividend yield at 0.98%, compared with 0.20% for ASMF.

What is the main difference between ASMF and RSST?

ASMF is categorized as Systematic Trend, while RSST is Large Cap Blend Equities. They also come from different issuers: Virtus and Return Stacked. Their fees differ too: 0.80% for ASMF and 0.99% for RSST.

Which has better risk-adjusted returns?

RSST currently has the higher Sharpe Ratio (1.78 vs 1.43), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.