DGLO vs. AFOS

Last updated Jun 6, 2026

DGLO (First Trust RBA Deglobalization ETF) and AFOS (ARS Focused Opportunities Strategy ETF) are both Large Cap Blend Equities funds. A 0.55 correlation means they provide meaningful diversification when combined. DGLO charges 0.70%/yr vs 0.45%/yr for AFOS.

Performance

DGLO vs. AFOS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust RBA Deglobalization ETF (DGLO) 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, DGLO achieves a 15.52% return, which is significantly lower than AFOS's 26.02% return.

DGLO

• 1D: -1.20%
• 1M: 0.86%
• YTD: 15.52%
• 6M: 14.88%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AFOS

• 1D: -4.70%
• 1M: -0.24%
• YTD: 26.02%
• 6M: 29.35%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DGLO vs. AFOS - Yearly Performance Comparison

	2026 (YTD)	2025
DGLO First Trust RBA Deglobalization ETF	15.52%	3.03%
AFOS ARS Focused Opportunities Strategy ETF	26.02%	27.22%

Correlation

The correlation between DGLO and AFOS is 0.55, 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 Aug 8, 2025	0.55

Return for Risk

DGLO vs. AFOS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust RBA Deglobalization ETF (DGLO) 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.

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

Sharpe Ratios by Period

	DGLO	AFOS	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.52	3.75	-2.22

Drawdowns

DGLO vs. AFOS - Drawdown Comparison

The maximum DGLO drawdown since its inception was -7.74%, smaller than the maximum AFOS drawdown of -11.52%. Use the drawdown chart below to compare losses from any high point for DGLO and AFOS.

Drawdown Indicators

	DGLO	AFOS	Difference
Max Drawdown Largest peak-to-trough decline	-7.74%	-11.52%	+3.78%
Current Drawdown Current decline from peak	-1.20%	-4.83%	+3.63%
Average Drawdown Average peak-to-trough decline	-2.05%	-1.38%	-0.67%

Volatility

Volatility by Period

	DGLO	AFOS	Difference
Volatility (1Y) Calculated over the trailing 1-year period	15.45%	20.74%	-5.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.45%	20.74%	-5.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.45%	20.74%	-5.29%

DGLO vs. AFOS - Expense Ratio Comparison

DGLO has a 0.70% expense ratio, which is higher than AFOS's 0.45% expense ratio.

Dividends

DGLO vs. AFOS - Dividend Comparison

DGLO's dividend yield for the trailing twelve months is around 0.48%, more than AFOS's 0.24% yield.

Position	TTM	2025
AFOS ARS Focused Opportunities Strategy ETF	0.24%	0.30%
DGLO First Trust RBA Deglobalization ETF	0.48%	0.39%

Frequently Asked Questions

Can I hold both DGLO and AFOS in my portfolio?

DGLO and AFOS have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DGLO 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, DGLO or AFOS?

AFOS is cheaper with a 0.45% expense ratio, compared with 0.70% for DGLO.

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

DGLO has the higher dividend yield at 0.48%, compared with 0.24% for AFOS.

What is the main difference between DGLO and AFOS?

They also come from different issuers: First Trust and ARS Investment Partners. Their fees differ too: 0.70% for DGLO and 0.45% for AFOS.