ESBG vs. ASGM
ESBG (First Trust Enhanced Stocks, Bonds & Gold ETF) and ASGM (Virtus AlphaSimplex Global Macro ETF) are both Tactical Allocation funds. Both are actively managed. Their 0.67 correlation means they have sometimes moved together and sometimes differently. ESBG charges 0.95%/yr vs 0.86%/yr for ASGM.
Performance
ESBG vs. ASGM - Performance Comparison
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Returns By Period
In the year-to-date period, ESBG achieves a -2.79% return, which is significantly lower than ASGM's 16.91% return.
ESBG
- 1D
- -0.46%
- 1M
- -2.07%
- 6M
- -11.15%
- YTD
- -2.79%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
ASGM
- 1D
- 0.98%
- 1M
- 0.87%
- 6M
- 11.31%
- YTD
- 16.91%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $8.08K | $15.18K | $25.79K | |
| $3.83K | $6.10K | $15.77K |
ESBG vs. ASGM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ESBG First Trust Enhanced Stocks, Bonds & Gold ETF | -2.79% | 5.67% |
ASGM Virtus AlphaSimplex Global Macro ETF | 16.91% | 4.78% |
Correlation
The correlation between ESBG and ASGM is 0.67, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 19, 2025 | 0.67 |
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Return for Risk
ESBG vs. ASGM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Enhanced Stocks, Bonds & Gold ETF (ESBG) and Virtus AlphaSimplex Global Macro ETF (ASGM). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Drawdowns
ESBG vs. ASGM - Drawdown Comparison
The maximum ESBG drawdown since its inception was -18.84%, which is greater than ASGM's maximum drawdown of -7.37%. Use the drawdown chart below to compare losses from any high point for ESBG and ASGM.
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Drawdown Indicators
| ESBG | ASGM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.84% | -7.37% | -11.47% |
Current DrawdownCurrent decline from peak | -17.57% | -5.09% | -12.48% |
Average DrawdownAverage peak-to-trough decline | -8.52% | -1.77% | -6.75% |
Volatility
ESBG vs. ASGM - Volatility Comparison
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Volatility by Period
| ESBG | ASGM | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 25.17% | 16.76% | +8.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.17% | 16.76% | +8.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.17% | 16.76% | +8.41% |
ESBG vs. ASGM - Expense Ratio Comparison
ESBG has a 0.95% expense ratio, which is higher than ASGM's 0.86% expense ratio.
Dividends
ESBG vs. ASGM - Dividend Comparison
ESBG's dividend yield for the trailing twelve months is around 1.12%, less than ASGM's 3.86% yield.
| Position | TTM | 2025 |
|---|---|---|
ASGM Virtus AlphaSimplex Global Macro ETF | 3.86% | 4.52% |
ESBG First Trust Enhanced Stocks, Bonds & Gold ETF | 1.12% | 0.24% |
Frequently Asked Questions
ESBG and ASGM have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ASGM is cheaper at 0.86% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ASGM is cheaper with a 0.86% expense ratio, compared with 0.95% for ESBG.
ASGM has the higher dividend yield at 3.86%, compared with 1.12% for ESBG.
They also come from different issuers: First Trust and Virtus. Their fees differ too: 0.95% for ESBG and 0.86% for ASGM.
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