ASMF vs. SDMF

Last updated Apr 1, 2026

Compare and contrast key facts about Virtus AlphaSimplex Managed Futures ETF (ASMF) and Simplify DBi CTA Managed Futures Index ETF (SDMF).

ASMF and SDMF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ASMF is an actively managed fund by Virtus. It was launched on May 15, 2024. SDMF is a passively managed fund by Simplify that tracks the performance of the DBi CTA Managed Futures Index. It was launched on Feb 17, 2026.

Performance

ASMF vs. SDMF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus AlphaSimplex Managed Futures ETF (ASMF) and Simplify DBi CTA Managed Futures Index ETF (SDMF). The values are adjusted to include any dividend payments, if applicable.

ASMF vs. SDMF - Yearly Performance Comparison

	2026 (YTD)
ASMF Virtus AlphaSimplex Managed Futures ETF	-1.43%
SDMF Simplify DBi CTA Managed Futures Index ETF	0.11%

Returns By Period

ASMF

• 1D: 0.95%
• 1M: -4.12%
• YTD: 5.61%
• 6M: 9.20%
• 1Y: 9.29%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SDMF

• 1D: 1.07%
• 1M: -2.92%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ASMF vs. SDMF - Expense Ratio Comparison

ASMF has a 0.80% expense ratio, which is higher than SDMF's 0.35% expense ratio.

ASMF

Virtus AlphaSimplex Managed Futures ETF

SDMF

Simplify DBi CTA Managed Futures Index ETF

Return for Risk

ASMF vs. SDMF — Risk / Return Rank

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

ASMF

ASMF Risk / Return Rank: 44
ASMF Sharpe Ratio Rank: 41
ASMF Sortino Ratio Rank: 39
ASMF Omega Ratio Rank: 36
ASMF Calmar Ratio Rank: 65
ASMF Martin Ratio Rank: 40

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.

ASMF vs. SDMF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus AlphaSimplex Managed Futures ETF (ASMF) and Simplify DBi CTA Managed Futures Index ETF (SDMF). 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	SDMF	Difference
Sharpe ratio Return per unit of total volatility	0.79	—	—
Sortino ratio Return per unit of downside risk	1.14	—	—
Omega ratio Gain probability vs. loss probability	1.15	—	—
Calmar ratio Return relative to maximum drawdown	1.70	—	—
Martin ratio Return relative to average drawdown	3.75	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	ASMF	SDMF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.79	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.14	0.05	+0.09

Correlation

The correlation between ASMF and SDMF is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

ASMF vs. SDMF - Dividend Comparison

ASMF's dividend yield for the trailing twelve months is around 0.20%, while SDMF has not paid dividends to shareholders.

	TTM	2025	2024
ASMF Virtus AlphaSimplex Managed Futures ETF	0.20%	0.22%	1.66%
SDMF Simplify DBi CTA Managed Futures Index ETF	0.00%	0.00%	0.00%

Drawdowns

ASMF vs. SDMF - Drawdown Comparison

The maximum ASMF drawdown since its inception was -15.31%, which is greater than SDMF's maximum drawdown of -6.23%. Use the drawdown chart below to compare losses from any high point for ASMF and SDMF.

Drawdown Indicators

	ASMF	SDMF	Difference
Max Drawdown Largest peak-to-trough decline	-15.31%	-6.23%	-9.08%
Max Drawdown (1Y) Largest decline over 1 year	-5.31%	—	—
Current Drawdown Current decline from peak	-4.12%	-2.92%	-1.20%
Average Drawdown Average peak-to-trough decline	-8.10%	-2.66%	-5.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.54%	—	—

Volatility

Volatility by Period

	ASMF	SDMF	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.65%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.90%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.80%	18.56%	-6.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.21%	18.56%	-7.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.21%	18.56%	-7.35%