ESUM vs. AFOS

Last updated Jun 4, 2026

ESUM (Eventide US Market ETF) and AFOS (ARS Focused Opportunities Strategy ETF) are both Large Cap Blend Equities funds. A 0.76 correlation means they provide meaningful diversification when combined. ESUM charges 0.39%/yr vs 0.45%/yr for AFOS.

Performance

ESUM vs. AFOS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eventide US Market ETF (ESUM) 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, ESUM achieves a 12.37% return, which is significantly lower than AFOS's 32.04% return.

ESUM

• 1D: -0.49%
• 1M: 7.13%
• YTD: 12.37%
• 6M: 11.35%
• 1Y: —
• 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)

ESUM vs. AFOS - Yearly Performance Comparison

	2026 (YTD)	2025
ESUM Eventide US Market ETF	12.37%	1.23%
AFOS ARS Focused Opportunities Strategy ETF	32.04%	23.04%

Correlation

The correlation between ESUM and AFOS is 0.76, 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 Sep 2, 2025	0.76

Return for Risk

ESUM vs. AFOS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eventide US Market ETF (ESUM) 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

	ESUM	AFOS	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.35	4.35	-2.99

Drawdowns

ESUM vs. AFOS - Drawdown Comparison

The maximum ESUM drawdown since its inception was -8.13%, smaller than the maximum AFOS drawdown of -11.52%. Use the drawdown chart below to compare losses from any high point for ESUM and AFOS.

Drawdown Indicators

	ESUM	AFOS	Difference
Max Drawdown Largest peak-to-trough decline	-8.13%	-11.52%	+3.39%
Current Drawdown Current decline from peak	-0.49%	-0.29%	-0.20%
Average Drawdown Average peak-to-trough decline	-1.60%	-1.37%	-0.23%

Volatility

Volatility by Period

	ESUM	AFOS	Difference
Volatility (1Y) Calculated over the trailing 1-year period	13.79%	20.19%	-6.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.79%	20.19%	-6.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.79%	20.19%	-6.40%

ESUM vs. AFOS - Expense Ratio Comparison

ESUM has a 0.39% expense ratio, which is lower than AFOS's 0.45% expense ratio.

Dividends

ESUM vs. AFOS - Dividend Comparison

ESUM's dividend yield for the trailing twelve months is around 0.57%, more than AFOS's 0.22% yield.

Position	TTM	2025
AFOS ARS Focused Opportunities Strategy ETF	0.22%	0.30%
ESUM Eventide US Market ETF	0.57%	0.48%

Frequently Asked Questions

Can I hold both ESUM and AFOS in my portfolio?

ESUM and AFOS have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ESUM or AFOS?

On fees, ESUM is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ESUM or AFOS?

ESUM is cheaper with a 0.39% expense ratio, compared with 0.45% for AFOS.

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

ESUM has the higher dividend yield at 0.57%, compared with 0.22% for AFOS.

What is the main difference between ESUM and AFOS?

They also come from different issuers: Eventide and ARS Investment Partners. Their fees differ too: 0.39% for ESUM and 0.45% for AFOS.