GTND vs. ASGM

Last updated Jul 8, 2026

GTND (Goaltender ETF) and ASGM (Virtus AlphaSimplex Global Macro ETF) are both Tactical Allocation funds. Both are actively managed. Their correlation of 0.93 suggests significant overlap in exposure. GTND charges 0.46%/yr vs 0.86%/yr for ASGM.

Performance

GTND vs. ASGM - Performance Comparison

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

Returns By Period

GTND

• 1D: -1.04%
• 1M: 1.06%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ASGM

• 1D: -0.78%
• 1M: -0.36%
• 6M: 13.15%
• YTD: 16.83%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GTND vs. ASGM - Yearly Performance Comparison

	2026 (YTD)
GTND Goaltender ETF	-0.05%
ASGM Virtus AlphaSimplex Global Macro ETF	-1.88%

Correlation

The correlation between GTND and ASGM is 0.93, 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 May 14, 2026	0.93

Return for Risk

GTND vs. ASGM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goaltender ETF (GTND) 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

GTND vs. ASGM - Drawdown Comparison

The maximum GTND drawdown since its inception was -5.38%, smaller than the maximum ASGM drawdown of -6.62%. Use the drawdown chart below to compare losses from any high point for GTND and ASGM.

Drawdown Indicators

	GTND	ASGM	Difference
Max Drawdown Largest peak-to-trough decline	-5.38%	-6.62%	+1.24%
Current Drawdown Current decline from peak	-2.81%	-5.15%	+2.34%
Average Drawdown Average peak-to-trough decline	-1.83%	-1.50%	-0.33%

Volatility

Volatility by Period

	GTND	ASGM	Difference
Volatility (1Y) Calculated over the trailing 1-year period	18.73%	17.00%	+1.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.73%	17.00%	+1.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.73%	17.00%	+1.73%

GTND vs. ASGM - Expense Ratio Comparison

GTND has a 0.46% expense ratio, which is lower than ASGM's 0.86% expense ratio.

Dividends

GTND vs. ASGM - Dividend Comparison

GTND's dividend yield for the trailing twelve months is around 0.16%, less than ASGM's 3.87% yield.

Position	TTM	2025
ASGM Virtus AlphaSimplex Global Macro ETF	3.87%	4.52%
GTND Goaltender ETF	0.16%	0.00%

Frequently Asked Questions

Can I hold both GTND and ASGM in my portfolio?

With a correlation of 0.93, GTND and ASGM move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, GTND or ASGM?

On fees, GTND is cheaper at 0.46% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GTND or ASGM?

GTND is cheaper with a 0.46% expense ratio, compared with 0.86% for ASGM.

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

ASGM has the higher dividend yield at 3.87%, compared with 0.16% for GTND.

What is the main difference between GTND and ASGM?

They also come from different issuers: Ritholtz Wealth Management and Virtus. Their fees differ too: 0.46% for GTND and 0.86% for ASGM.