ASMF vs. TFFI

Last updated Jul 14, 2026

ASMF (Virtus AlphaSimplex Managed Futures ETF) and TFFI (Chesapeake Trend-Following Fixed Income ETF) are both exchange-traded funds - ASMF is a Systematic Trend fund actively managed by Virtus, while TFFI is a Actively Managed fund actively managed by Chesapeake. Both are actively managed. A 0.51 correlation means they provide meaningful diversification when combined. ASMF charges 0.80%/yr vs 1.01%/yr for TFFI.

Performance

ASMF vs. TFFI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus AlphaSimplex Managed Futures ETF (ASMF) and Chesapeake Trend-Following Fixed Income ETF (TFFI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ASMF

• 1D: 0.61%
• 1M: 0.17%
• 6M: 3.90%
• YTD: 7.74%
• 1Y: 13.93%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TFFI

• 1D: 0.55%
• 1M: 1.17%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ASMF vs. TFFI - Yearly Performance Comparison

	2026 (YTD)
ASMF Virtus AlphaSimplex Managed Futures ETF	-0.26%
TFFI Chesapeake Trend-Following Fixed Income ETF	0.50%

Correlation

The correlation between ASMF and TFFI is 0.51, 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 Feb 24, 2026	0.51

Return for Risk

ASMF vs. TFFI — Risk / Return Rank

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

ASMF

ASMF Risk / Return Rank: 49
ASMF Sharpe Ratio Rank: 43
ASMF Sortino Ratio Rank: 40
ASMF Omega Ratio Rank: 42
ASMF Calmar Ratio Rank: 70
ASMF Martin Ratio Rank: 49

TFFI

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

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. TFFI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus AlphaSimplex Managed Futures ETF (ASMF) and Chesapeake Trend-Following Fixed Income ETF (TFFI). 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	TFFI	Difference
Sharpe ratio: Return per unit of total volatility	1.21	—	—
Sortino ratio: Return per unit of downside risk	1.69	—	—
Omega ratio: Gain probability vs. loss probability	1.22	—	—
Calmar ratio: Return relative to maximum drawdown	2.79	—	—
Martin ratio: Return relative to average drawdown	6.47	—	—

Drawdowns

ASMF vs. TFFI - Drawdown Comparison

The maximum ASMF drawdown since its inception was -15.31%, which is greater than TFFI's maximum drawdown of -4.23%. Use the drawdown chart below to compare losses from any high point for ASMF and TFFI.

Drawdown Indicators

	ASMF	TFFI	Difference
Max Drawdown Largest peak-to-trough decline	-15.31%	-4.23%	-11.08%
Max Drawdown (1Y) Largest decline over 1 year	-5.02%	—	—
Current Drawdown Current decline from peak	-2.82%	-1.62%	-1.20%
Average Drawdown Average peak-to-trough decline	-7.38%	-1.65%	-5.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.16%	—	—

Volatility

Volatility by Period

	ASMF	TFFI	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.96%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.56%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.59%	8.02%	+3.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.97%	8.02%	+2.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.97%	8.02%	+2.95%

ASMF vs. TFFI - Expense Ratio Comparison

ASMF has a 0.80% expense ratio, which is lower than TFFI's 1.01% expense ratio.

Dividends

ASMF vs. TFFI - Dividend Comparison

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

Position	TTM	2025	2024
ASMF Virtus AlphaSimplex Managed Futures ETF	0.20%	0.22%	1.66%
TFFI Chesapeake Trend-Following Fixed Income ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ASMF and TFFI in my portfolio?

ASMF and TFFI have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ASMF or TFFI?

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.

Which ETF is cheaper, ASMF or TFFI?

ASMF is cheaper with a 0.80% expense ratio, compared with 1.01% for TFFI.

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

ASMF has the higher dividend yield at 0.20%, compared with 0.00% for TFFI.

What is the main difference between ASMF and TFFI?

ASMF is categorized as Systematic Trend, while TFFI is Actively Managed. They also come from different issuers: Virtus and Chesapeake. Their fees differ too: 0.80% for ASMF and 1.01% for TFFI.