BLUC vs. AFOS

Last updated Jul 15, 2026

BLUC (Bluemonte Large Cap Core ETF) and AFOS (ARS Focused Opportunities Strategy ETF) are both Large Cap Blend Equities funds. Over the past year, BLUC returned 20.20% vs 71.54% for AFOS. Their correlation of 0.82 suggests significant overlap in exposure. BLUC charges 0.23%/yr vs 0.45%/yr for AFOS.

Performance

BLUC vs. AFOS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bluemonte Large Cap Core ETF (BLUC) 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, BLUC achieves a 9.65% return, which is significantly lower than AFOS's 30.98% return.

BLUC

• 1D: 0.54%
• 1M: 1.80%
• 6M: 8.24%
• YTD: 9.65%
• 1Y: 20.20%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AFOS

• 1D: 1.51%
• 1M: 1.47%
• 6M: 22.53%
• YTD: 30.98%
• 1Y: 71.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BLUC vs. AFOS - Yearly Performance Comparison

	2026 (YTD)	2025
BLUC Bluemonte Large Cap Core ETF	9.65%	12.83%
AFOS ARS Focused Opportunities Strategy ETF	30.98%	37.10%

Correlation

The correlation between BLUC and AFOS is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.82
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025	0.82

The correlation between BLUC and AFOS has been stable across timeframes, ranging from 0.82 to 0.82 - a consistent structural relationship.

Return for Risk

BLUC vs. AFOS — Risk / Return Rank

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

BLUC

BLUC Risk / Return Rank: 52
BLUC Sharpe Ratio Rank: 54
BLUC Sortino Ratio Rank: 52
BLUC Omega Ratio Rank: 52
BLUC Calmar Ratio Rank: 46
BLUC Martin Ratio Rank: 54

AFOS

AFOS Risk / Return Rank: 95
AFOS Sharpe Ratio Rank: 96
AFOS Sortino Ratio Rank: 94
AFOS Omega Ratio Rank: 93
AFOS Calmar Ratio Rank: 95
AFOS Martin Ratio Rank: 96

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.

BLUC vs. AFOS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bluemonte Large Cap Core ETF (BLUC) 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.

	BLUC	AFOS	Difference
Sharpe ratio: Return per unit of total volatility	1.48	3.25	-1.77
Sortino ratio: Return per unit of downside risk	2.06	3.94	-1.88
Omega ratio: Gain probability vs. loss probability	1.27	1.52	-0.26
Calmar ratio: Return relative to maximum drawdown	1.90	6.24	-4.35
Martin ratio: Return relative to average drawdown	7.48	27.13	-19.65

BLUC vs. AFOS - Sharpe Ratio Comparison

The current BLUC Sharpe Ratio is 1.48, which is lower than the AFOS Sharpe Ratio of 3.25. The chart below compares the historical Sharpe Ratios of BLUC and AFOS, 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

BLUC vs. AFOS - Drawdown Comparison

The maximum BLUC drawdown since its inception was -10.69%, smaller than the maximum AFOS drawdown of -11.52%. Use the drawdown chart below to compare losses from any high point for BLUC and AFOS.

Drawdown Indicators

	BLUC	AFOS	Difference
Max Drawdown Largest peak-to-trough decline	-10.69%	-11.52%	+0.83%
Max Drawdown (1Y) Largest decline over 1 year	-10.69%	-11.52%	+0.83%
Current Drawdown Current decline from peak	-1.98%	-4.24%	+2.26%
Average Drawdown Average peak-to-trough decline	-1.69%	-1.54%	-0.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.71%	2.65%	+0.06%

Volatility

BLUC vs. AFOS - Volatility Comparison

The current volatility for Bluemonte Large Cap Core ETF (BLUC) is 4.24%, while ARS Focused Opportunities Strategy ETF (AFOS) has a volatility of 8.31%. This indicates that BLUC experiences smaller price fluctuations and is considered to be less risky than AFOS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BLUC	AFOS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.24%	8.31%	-4.07%
Volatility (6M) Calculated over the trailing 6-month period	11.06%	18.40%	-7.34%
Volatility (1Y) Calculated over the trailing 1-year period	13.67%	22.12%	-8.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.46%	21.75%	-8.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.46%	21.75%	-8.29%

BLUC vs. AFOS - Expense Ratio Comparison

BLUC has a 0.23% expense ratio, which is lower than AFOS's 0.45% expense ratio.

Dividends

BLUC vs. AFOS - Dividend Comparison

BLUC's dividend yield for the trailing twelve months is around 0.62%, more than AFOS's 0.23% yield.

Position	TTM	2025
AFOS ARS Focused Opportunities Strategy ETF	0.23%	0.30%
BLUC Bluemonte Large Cap Core ETF	0.62%	0.46%

Frequently Asked Questions

Can I hold both BLUC and AFOS in my portfolio?

BLUC and AFOS have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BLUC or AFOS?

AFOS has higher volatility (8.31%) compared to BLUC (4.24%). In terms of maximum drawdown, BLUC dropped -10.69% vs AFOS's -11.52%.

Which ETF is better, BLUC or AFOS?

On 1-year performance, AFOS leads with 71.54% vs 20.20% for BLUC. On fees, BLUC is cheaper at 0.23% per year. On volatility, BLUC has been the lower-risk option at 4.24%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BLUC or AFOS?

Over the 1-year period, AFOS has performed better with a 71.54% return vs 20.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BLUC or AFOS?

BLUC is cheaper with a 0.23% expense ratio, compared with 0.45% for AFOS.

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

BLUC has the higher dividend yield at 0.62%, compared with 0.23% for AFOS.

What is the main difference between BLUC and AFOS?

They also come from different issuers: Bluemonte and ARS Investment Partners. Their fees differ too: 0.23% for BLUC and 0.45% for AFOS.

Which has better risk-adjusted returns?

AFOS currently has the higher Sharpe Ratio (3.25 vs 1.48), 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.