INFO vs. AFOS

Last updated Jul 14, 2026

INFO (Harbor PanAgora Dynamic Large Cap Core ETF) and AFOS (ARS Focused Opportunities Strategy ETF) are both Large Cap Blend Equities funds. Over the past year, INFO returned 24.92% vs 69.34% for AFOS. Their correlation of 0.82 suggests significant overlap in exposure. INFO charges 0.35%/yr vs 0.45%/yr for AFOS.

Performance

INFO vs. AFOS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harbor PanAgora Dynamic Large Cap Core ETF (INFO) 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, INFO achieves a 11.73% return, which is significantly lower than AFOS's 29.03% return.

INFO

• 1D: -0.63%
• 1M: 1.95%
• 6M: 9.78%
• YTD: 11.73%
• 1Y: 24.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AFOS

• 1D: -1.81%
• 1M: -0.04%
• 6M: 20.26%
• YTD: 29.03%
• 1Y: 69.34%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

INFO vs. AFOS - Yearly Performance Comparison

	2026 (YTD)	2025
INFO Harbor PanAgora Dynamic Large Cap Core ETF	11.73%	14.62%
AFOS ARS Focused Opportunities Strategy ETF	29.03%	37.10%

Correlation

The correlation between INFO and AFOS is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025	0.82

The correlation between INFO and AFOS has been stable across timeframes, ranging from 0.82 to 0.83 - a consistent structural relationship.

Return for Risk

INFO vs. AFOS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

INFO

INFO Risk / Return Rank: 75
INFO Sharpe Ratio Rank: 76
INFO Sortino Ratio Rank: 75
INFO Omega Ratio Rank: 74
INFO Calmar Ratio Rank: 70
INFO Martin Ratio Rank: 80

AFOS

AFOS Risk / Return Rank: 95
AFOS Sharpe Ratio Rank: 96
AFOS Sortino Ratio Rank: 94
AFOS Omega Ratio Rank: 93
AFOS Calmar Ratio Rank: 95
AFOS Martin Ratio Rank: 96

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

INFO vs. AFOS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor PanAgora Dynamic Large Cap Core ETF (INFO) 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.

	INFO	AFOS	Difference
Sharpe ratio: Return per unit of total volatility	1.92	3.16	-1.23
Sortino ratio: Return per unit of downside risk	2.68	3.85	-1.17
Omega ratio: Gain probability vs. loss probability	1.35	1.51	-0.17
Calmar ratio: Return relative to maximum drawdown	2.79	6.05	-3.27
Martin ratio: Return relative to average drawdown	12.03	26.43	-14.40

INFO vs. AFOS - Sharpe Ratio Comparison

The current INFO Sharpe Ratio is 1.92, which is lower than the AFOS Sharpe Ratio of 3.16. The chart below compares the historical Sharpe Ratios of INFO and AFOS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

INFO vs. AFOS - Drawdown Comparison

The maximum INFO drawdown since its inception was -19.60%, which is greater than AFOS's maximum drawdown of -11.52%. Use the drawdown chart below to compare losses from any high point for INFO and AFOS.

Drawdown Indicators

	INFO	AFOS	Difference
Max Drawdown Largest peak-to-trough decline	-19.60%	-11.52%	-8.08%
Max Drawdown (1Y) Largest decline over 1 year	-8.98%	-11.52%	+2.54%
Current Drawdown Current decline from peak	-0.63%	-5.67%	+5.04%
Average Drawdown Average peak-to-trough decline	-2.30%	-1.53%	-0.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.08%	2.63%	-0.55%

Volatility

INFO vs. AFOS - Volatility Comparison

The current volatility for Harbor PanAgora Dynamic Large Cap Core ETF (INFO) is 3.85%, while ARS Focused Opportunities Strategy ETF (AFOS) has a volatility of 9.09%. This indicates that INFO experiences smaller price fluctuations and is considered to be less risky than AFOS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	INFO	AFOS	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.85%	9.09%	-5.24%
Volatility (6M) Calculated over the trailing 6-month period	10.21%	18.44%	-8.23%
Volatility (1Y) Calculated over the trailing 1-year period	13.05%	22.13%	-9.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.32%	21.75%	-4.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.32%	21.75%	-4.43%

INFO vs. AFOS - Expense Ratio Comparison

INFO has a 0.35% expense ratio, which is lower than AFOS's 0.45% expense ratio.

Dividends

INFO vs. AFOS - Dividend Comparison

INFO's dividend yield for the trailing twelve months is around 0.31%, more than AFOS's 0.23% yield.

Position	TTM	2025	2024
AFOS ARS Focused Opportunities Strategy ETF	0.23%	0.30%	0.00%
INFO Harbor PanAgora Dynamic Large Cap Core ETF	0.31%	0.35%	0.16%

Frequently Asked Questions

Can I hold both INFO and AFOS in my portfolio?

INFO and AFOS have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, INFO or AFOS?

AFOS has higher volatility (9.09%) compared to INFO (3.85%). In terms of maximum drawdown, INFO dropped -19.60% vs AFOS's -11.52%.

Which ETF is better, INFO or AFOS?

On 1-year performance, AFOS leads with 69.34% vs 24.92% for INFO. On fees, INFO is cheaper at 0.35% per year. On volatility, INFO has been the lower-risk option at 3.85%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, INFO or AFOS?

Over the 1-year period, AFOS has performed better with a 69.34% return vs 24.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, INFO or AFOS?

INFO is cheaper with a 0.35% expense ratio, compared with 0.45% for AFOS.

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

INFO has the higher dividend yield at 0.31%, compared with 0.23% for AFOS.

What is the main difference between INFO and AFOS?

They also come from different issuers: Harbor and ARS Investment Partners. Their fees differ too: 0.35% for INFO and 0.45% for AFOS.

Which has better risk-adjusted returns?

AFOS currently has the higher Sharpe Ratio (3.16 vs 1.92), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.