BEEX vs. AFOS

Last updated Jun 24, 2026

BEEX (The BeeHive ETF) and AFOS (ARS Focused Opportunities Strategy ETF) are both Large Cap Blend Equities funds. A 0.65 correlation means they provide meaningful diversification when combined. BEEX charges 0.84%/yr vs 0.45%/yr for AFOS.

Performance

BEEX vs. AFOS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The BeeHive ETF (BEEX) and ARS Focused Opportunities Strategy ETF (AFOS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BEEX achieves a 2.29% return, which is significantly lower than AFOS's 31.60% return.

BEEX

• 1D: -1.13%
• 1M: -2.16%
• YTD: 2.29%
• 6M: 1.80%
• 1Y: 12.76%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AFOS

• 1D: -3.79%
• 1M: 4.43%
• YTD: 31.60%
• 6M: 30.16%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BEEX vs. AFOS - Yearly Performance Comparison

	2026 (YTD)	2025
BEEX The BeeHive ETF	2.29%	9.43%
AFOS ARS Focused Opportunities Strategy ETF	31.60%	37.10%

Correlation

The correlation between BEEX and AFOS is 0.65, 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 Jun 26, 2025	0.65

Return for Risk

BEEX vs. AFOS — Risk / Return Rank

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

BEEX

BEEX Risk / Return Rank: 31
BEEX Sharpe Ratio Rank: 33
BEEX Sortino Ratio Rank: 32
BEEX Omega Ratio Rank: 31
BEEX Calmar Ratio Rank: 25
BEEX Martin Ratio Rank: 31

AFOS

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.

BEEX vs. AFOS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The BeeHive ETF (BEEX) and ARS Focused Opportunities Strategy ETF (AFOS). 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.

	BEEX	AFOS	Difference
Sharpe ratio: Return per unit of total volatility	1.11	—	—
Sortino ratio: Return per unit of downside risk	1.60	—	—
Omega ratio: Gain probability vs. loss probability	1.20	—	—
Calmar ratio: Return relative to maximum drawdown	1.14	—	—
Martin ratio: Return relative to average drawdown	4.17	—	—

Drawdowns

BEEX vs. AFOS - Drawdown Comparison

The maximum BEEX drawdown since its inception was -15.13%, which is greater than AFOS's maximum drawdown of -11.52%. Use the drawdown chart below to compare losses from any high point for BEEX and AFOS.

Drawdown Indicators

	BEEX	AFOS	Difference
Max Drawdown Largest peak-to-trough decline	-15.13%	-11.52%	-3.61%
Max Drawdown (1Y) Largest decline over 1 year	-11.24%	—	—
Current Drawdown Current decline from peak	-3.54%	-3.79%	+0.25%
Average Drawdown Average peak-to-trough decline	-2.42%	-1.42%	-1.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.07%	—	—

Volatility

Volatility by Period

	BEEX	AFOS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.41%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.96%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.56%	21.52%	-9.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.10%	21.52%	-6.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.10%	21.52%	-6.42%

BEEX vs. AFOS - Expense Ratio Comparison

BEEX has a 0.84% expense ratio, which is higher than AFOS's 0.45% expense ratio.

Dividends

BEEX vs. AFOS - Dividend Comparison

BEEX's dividend yield for the trailing twelve months is around 0.34%, more than AFOS's 0.23% yield.

Position	TTM	2025	2024
AFOS ARS Focused Opportunities Strategy ETF	0.23%	0.30%	0.00%
BEEX The BeeHive ETF	0.34%	0.35%	0.27%

Frequently Asked Questions

Can I hold both BEEX and AFOS in my portfolio?

BEEX and AFOS have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BEEX or AFOS?

On fees, AFOS is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BEEX or AFOS?

AFOS is cheaper with a 0.45% expense ratio, compared with 0.84% for BEEX.

Which ETF pays a higher dividend yield, BEEX or AFOS?

BEEX has the higher dividend yield at 0.34%, compared with 0.23% for AFOS.

What is the main difference between BEEX and AFOS?

They also come from different issuers: BeeHive and ARS Investment Partners. Their fees differ too: 0.84% for BEEX and 0.45% for AFOS.