DFVE vs. AFOS

Last updated Jun 4, 2026

DFVE (Doubleline Fortune 500 Equal Weight ETF) and AFOS (ARS Focused Opportunities Strategy ETF) are both Large Cap Blend Equities funds. A 0.57 correlation means they provide meaningful diversification when combined. DFVE charges 0.20%/yr vs 0.45%/yr for AFOS.

Performance

DFVE vs. AFOS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Doubleline Fortune 500 Equal Weight ETF (DFVE) 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, DFVE achieves a 10.31% return, which is significantly lower than AFOS's 32.04% return.

DFVE

• 1D: -0.48%
• 1M: 2.49%
• YTD: 10.31%
• 6M: 10.69%
• 1Y: 23.82%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AFOS

• 1D: -0.29%
• 1M: 8.94%
• YTD: 32.04%
• 6M: 37.37%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DFVE vs. AFOS - Yearly Performance Comparison

	2026 (YTD)	2025
DFVE Doubleline Fortune 500 Equal Weight ETF	10.31%	9.49%
AFOS ARS Focused Opportunities Strategy ETF	32.04%	36.15%

Correlation

The correlation between DFVE and AFOS is 0.57, 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 27, 2025	0.57

Return for Risk

DFVE vs. AFOS — Risk / Return Rank

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

DFVE

DFVE Risk / Return Rank: 58
DFVE Sharpe Ratio Rank: 56
DFVE Sortino Ratio Rank: 59
DFVE Omega Ratio Rank: 53
DFVE Calmar Ratio Rank: 62
DFVE Martin Ratio Rank: 62

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.

DFVE vs. AFOS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Doubleline Fortune 500 Equal Weight ETF (DFVE) 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.

	DFVE	AFOS	Difference
Sharpe ratio: Return per unit of total volatility	1.88	—	—
Sortino ratio: Return per unit of downside risk	2.75	—	—
Omega ratio: Gain probability vs. loss probability	1.33	—	—
Calmar ratio: Return relative to maximum drawdown	3.07	—	—
Martin ratio: Return relative to average drawdown	10.92	—	—
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

	DFVE	AFOS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.88	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.09	4.35	-3.26

Drawdowns

DFVE vs. AFOS - Drawdown Comparison

The maximum DFVE drawdown since its inception was -19.43%, which is greater than AFOS's maximum drawdown of -11.52%. Use the drawdown chart below to compare losses from any high point for DFVE and AFOS.

Drawdown Indicators

	DFVE	AFOS	Difference
Max Drawdown Largest peak-to-trough decline	-19.43%	-11.52%	-7.91%
Max Drawdown (1Y) Largest decline over 1 year	-7.79%	—	—
Current Drawdown Current decline from peak	-0.48%	-0.29%	-0.19%
Average Drawdown Average peak-to-trough decline	-2.77%	-1.37%	-1.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.19%	—	—

Volatility

Volatility by Period

	DFVE	AFOS	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.98%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.09%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.73%	20.19%	-7.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.56%	20.19%	-4.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.56%	20.19%	-4.63%

DFVE vs. AFOS - Expense Ratio Comparison

DFVE has a 0.20% expense ratio, which is lower than AFOS's 0.45% expense ratio.

Dividends

DFVE vs. AFOS - Dividend Comparison

DFVE's dividend yield for the trailing twelve months is around 1.37%, more than AFOS's 0.22% yield.

Position	TTM	2025	2024
AFOS ARS Focused Opportunities Strategy ETF	0.22%	0.30%	0.00%
DFVE Doubleline Fortune 500 Equal Weight ETF	1.37%	1.52%	1.53%

Frequently Asked Questions

Can I hold both DFVE and AFOS in my portfolio?

DFVE and AFOS have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DFVE or AFOS?

On fees, DFVE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DFVE or AFOS?

DFVE is cheaper with a 0.20% expense ratio, compared with 0.45% for AFOS.

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

DFVE has the higher dividend yield at 1.37%, compared with 0.22% for AFOS.

What is the main difference between DFVE and AFOS?

They also come from different issuers: DoubleLine and ARS Investment Partners. Their fees differ too: 0.20% for DFVE and 0.45% for AFOS.