EZRO vs. ASGM

Last updated Jun 23, 2026

EZRO (AlphaDroid Defensive Sector Rotation ETF) and ASGM (Virtus AlphaSimplex Global Macro ETF) are both Tactical Allocation funds. Both are actively managed. A 0.64 correlation means they provide meaningful diversification when combined. EZRO charges 1.01%/yr vs 0.86%/yr for ASGM.

Performance

EZRO vs. ASGM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AlphaDroid Defensive Sector Rotation ETF (EZRO) and Virtus AlphaSimplex Global Macro ETF (ASGM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EZRO achieves a 5.24% return, which is significantly lower than ASGM's 21.11% return.

EZRO

• 1D: 0.26%
• 1M: -5.18%
• YTD: 5.24%
• 6M: 4.34%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ASGM

• 1D: -0.22%
• 1M: 1.72%
• YTD: 21.11%
• 6M: 21.56%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EZRO vs. ASGM - Yearly Performance Comparison

	2026 (YTD)	2025
EZRO AlphaDroid Defensive Sector Rotation ETF	5.24%	-3.19%
ASGM Virtus AlphaSimplex Global Macro ETF	21.11%	1.95%

Correlation

The correlation between EZRO and ASGM is 0.64, 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 Oct 16, 2025	0.64

Return for Risk

EZRO vs. ASGM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AlphaDroid Defensive Sector Rotation ETF (EZRO) 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.

Drawdowns

EZRO vs. ASGM - Drawdown Comparison

The maximum EZRO drawdown since its inception was -12.08%, which is greater than ASGM's maximum drawdown of -6.62%. Use the drawdown chart below to compare losses from any high point for EZRO and ASGM.

Drawdown Indicators

	EZRO	ASGM	Difference
Max Drawdown Largest peak-to-trough decline	-12.08%	-6.62%	-5.46%
Current Drawdown Current decline from peak	-6.58%	-1.68%	-4.90%
Average Drawdown Average peak-to-trough decline	-3.89%	-1.33%	-2.56%

Volatility

Volatility by Period

	EZRO	ASGM	Difference
Volatility (1Y) Calculated over the trailing 1-year period	20.62%	16.73%	+3.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.62%	16.73%	+3.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.62%	16.73%	+3.89%

EZRO vs. ASGM - Expense Ratio Comparison

EZRO has a 1.01% expense ratio, which is higher than ASGM's 0.86% expense ratio.

Dividends

EZRO vs. ASGM - Dividend Comparison

EZRO has not paid dividends to shareholders, while ASGM's dividend yield for the trailing twelve months is around 3.73%.

Position	TTM	2025
ASGM Virtus AlphaSimplex Global Macro ETF	3.73%	4.52%
EZRO AlphaDroid Defensive Sector Rotation ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both EZRO and ASGM in my portfolio?

EZRO and ASGM have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EZRO or ASGM?

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.

Which ETF is cheaper, EZRO or ASGM?

ASGM is cheaper with a 0.86% expense ratio, compared with 1.01% for EZRO.

Which ETF pays a higher dividend yield, EZRO or ASGM?

ASGM has the higher dividend yield at 3.73%, compared with 0.00% for EZRO.

What is the main difference between EZRO and ASGM?

They also come from different issuers: AlphaDroid and Virtus. Their fees differ too: 1.01% for EZRO and 0.86% for ASGM.