GMOD vs. ASGM

Last updated Jun 6, 2026

GMOD (GMO Dynamic Allocation ETF) and ASGM (Virtus AlphaSimplex Global Macro ETF) are both Tactical Allocation funds. Both are actively managed. Their correlation of 0.82 suggests significant overlap in exposure. GMOD charges 0.50%/yr vs 0.86%/yr for ASGM.

Performance

GMOD vs. ASGM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GMO Dynamic Allocation ETF (GMOD) 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, GMOD achieves a 5.74% return, which is significantly lower than ASGM's 17.25% return.

GMOD

• 1D: -1.79%
• 1M: -1.01%
• YTD: 5.74%
• 6M: 6.83%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ASGM

• 1D: -4.11%
• 1M: -0.22%
• YTD: 17.25%
• 6M: 19.23%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GMOD vs. ASGM - Yearly Performance Comparison

	2026 (YTD)	2025
GMOD GMO Dynamic Allocation ETF	5.74%	3.87%
ASGM Virtus AlphaSimplex Global Macro ETF	17.25%	2.71%

Correlation

The correlation between GMOD and ASGM is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 15, 2025	0.82

Return for Risk

GMOD vs. ASGM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GMO Dynamic Allocation ETF (GMOD) 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.

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

Sharpe Ratios by Period

	GMOD	ASGM	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.77	2.34	-0.57

Drawdowns

GMOD vs. ASGM - Drawdown Comparison

The maximum GMOD drawdown since its inception was -6.50%, roughly equal to the maximum ASGM drawdown of -6.62%. Use the drawdown chart below to compare losses from any high point for GMOD and ASGM.

Drawdown Indicators

	GMOD	ASGM	Difference
Max Drawdown Largest peak-to-trough decline	-6.50%	-6.62%	+0.12%
Current Drawdown Current decline from peak	-1.83%	-4.81%	+2.98%
Average Drawdown Average peak-to-trough decline	-1.16%	-1.23%	+0.07%

Volatility

Volatility by Period

	GMOD	ASGM	Difference
Volatility (1Y) Calculated over the trailing 1-year period	8.95%	16.28%	-7.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.95%	16.28%	-7.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.95%	16.28%	-7.33%

GMOD vs. ASGM - Expense Ratio Comparison

GMOD has a 0.50% expense ratio, which is lower than ASGM's 0.86% expense ratio.

Dividends

GMOD vs. ASGM - Dividend Comparison

GMOD's dividend yield for the trailing twelve months is around 0.88%, less than ASGM's 3.85% yield.

Position	TTM	2025
ASGM Virtus AlphaSimplex Global Macro ETF	3.85%	4.52%
GMOD GMO Dynamic Allocation ETF	0.88%	0.93%

Frequently Asked Questions

Can I hold both GMOD and ASGM in my portfolio?

GMOD and ASGM have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GMOD or ASGM?

On fees, GMOD is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GMOD or ASGM?

GMOD is cheaper with a 0.50% expense ratio, compared with 0.86% for ASGM.

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

ASGM has the higher dividend yield at 3.85%, compared with 0.88% for GMOD.

What is the main difference between GMOD and ASGM?

They also come from different issuers: GMO and Virtus. Their fees differ too: 0.50% for GMOD and 0.86% for ASGM.