FDRS vs. AFOS

Last updated Jun 23, 2026

FDRS (Founder-Led ETF) and AFOS (ARS Focused Opportunities Strategy ETF) are both Large Cap Blend Equities funds. A 0.59 correlation means they provide meaningful diversification when combined. FDRS charges 0.49%/yr vs 0.45%/yr for AFOS.

Performance

FDRS vs. AFOS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Founder-Led ETF (FDRS) 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, FDRS achieves a -4.82% return, which is significantly lower than AFOS's 36.79% return.

FDRS

• 1D: -1.44%
• 1M: -1.06%
• YTD: -4.82%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AFOS

• 1D: 0.72%
• 1M: 8.55%
• YTD: 36.79%
• 6M: 36.01%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FDRS vs. AFOS - Yearly Performance Comparison

	2026 (YTD)	2025
FDRS Founder-Led ETF	-4.82%	-1.34%
AFOS ARS Focused Opportunities Strategy ETF	36.79%	-1.13%

Correlation

The correlation between FDRS and AFOS is 0.59, 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 Dec 30, 2025	0.59

Return for Risk

FDRS vs. AFOS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Founder-Led ETF (FDRS) 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.

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

FDRS vs. AFOS - Drawdown Comparison

The maximum FDRS drawdown since its inception was -21.77%, which is greater than AFOS's maximum drawdown of -11.52%. Use the drawdown chart below to compare losses from any high point for FDRS and AFOS.

Drawdown Indicators

	FDRS	AFOS	Difference
Max Drawdown Largest peak-to-trough decline	-21.77%	-11.52%	-10.25%
Current Drawdown Current decline from peak	-9.36%	0.00%	-9.36%
Average Drawdown Average peak-to-trough decline	-9.34%	-1.41%	-7.93%

Volatility

Volatility by Period

	FDRS	AFOS	Difference
Volatility (1Y) Calculated over the trailing 1-year period	29.07%	21.17%	+7.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.07%	21.17%	+7.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.07%	21.17%	+7.90%

FDRS vs. AFOS - Expense Ratio Comparison

FDRS has a 0.49% expense ratio, which is higher than AFOS's 0.45% expense ratio.

Dividends

FDRS vs. AFOS - Dividend Comparison

FDRS has not paid dividends to shareholders, while AFOS's dividend yield for the trailing twelve months is around 0.22%.

Position	TTM	2025
AFOS ARS Focused Opportunities Strategy ETF	0.22%	0.30%
FDRS Founder-Led ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both FDRS and AFOS in my portfolio?

FDRS and AFOS have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FDRS 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, FDRS or AFOS?

AFOS is cheaper with a 0.45% expense ratio, compared with 0.49% for FDRS.

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

AFOS has the higher dividend yield at 0.22%, compared with 0.00% for FDRS.

What is the main difference between FDRS and AFOS?

They also come from different issuers: Corgi Strategies and ARS Investment Partners. Their fees differ too: 0.49% for FDRS and 0.45% for AFOS.