LEXI vs. AGOX

Last updated Aug 2, 2026

LEXI (Alexis Practical Tactical ETF) and AGOX (Adaptive Alpha Opportunities ETF) are both Tactical Allocation funds. Both are actively managed. Over the past 5 years, LEXI returned 10.73%/yr vs 7.88%/yr for AGOX. Their correlation of 0.82 means they have usually moved in the same direction. LEXI charges 1.00%/yr vs 1.33%/yr for AGOX.

Performance

LEXI vs. AGOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alexis Practical Tactical ETF (LEXI) and Adaptive Alpha Opportunities ETF (AGOX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LEXI achieves a 12.61% return, which is significantly lower than AGOX's 16.81% return.

LEXI

• 1D: 0.29%
• 1M: -0.62%
• 6M: 9.52%
• YTD: 12.61%
• 1Y: 24.30%
• 3Y*: 17.81%
• 5Y*: 10.73%
• 10Y*: —
• ALL TIME*: 10.92%

AGOX

• 1D: 0.91%
• 1M: -2.77%
• 6M: 12.41%
• YTD: 16.81%
• 1Y: 16.30%
• 3Y*: 14.16%
• 5Y*: 7.88%
• 10Y*: —
• ALL TIME*: 8.63%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AGOX Adaptive Alpha Opportunities ETF	$2.70M	$2.48M	$2.81M
LEXI Alexis Practical Tactical ETF	$331.87K	$523.62K	$480.58K

LEXI vs. AGOX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
LEXI Alexis Practical Tactical ETF	12.61%	19.23%	16.51%	16.58%	-14.36%	8.44%
AGOX Adaptive Alpha Opportunities ETF	16.81%	8.58%	15.97%	19.07%	-19.21%	3.13%

Correlation

The correlation between LEXI and AGOX is 0.74, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.74
Correlation (3Y) Balances recent behavior with more history.	0.72
Correlation (5Y) Shows whether the relationship held over a longer period.	0.82
Correlation (All Time) Calculated using the full available price history since Jul 1, 2021	0.82

The correlation between LEXI and AGOX has been stable across timeframes, ranging from 0.72 to 0.82 - a consistent structural relationship.

Return for Risk

LEXI vs. AGOX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

LEXI

LEXI Risk / Return Rank: 85
LEXI Sharpe Ratio Rank: 87
LEXI Sortino Ratio Rank: 87
LEXI Omega Ratio Rank: 85
LEXI Calmar Ratio Rank: 80
LEXI Martin Ratio Rank: 88

AGOX

AGOX Risk / Return Rank: 33
AGOX Sharpe Ratio Rank: 33
AGOX Sortino Ratio Rank: 35
AGOX Omega Ratio Rank: 33
AGOX Calmar Ratio Rank: 30
AGOX Martin Ratio Rank: 35

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

LEXI vs. AGOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alexis Practical Tactical ETF (LEXI) and Adaptive Alpha Opportunities ETF (AGOX). 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.

	LEXI	AGOX	Difference
Sharpe ratio: Return per unit of total volatility	2.07	0.81	+1.26
Sortino ratio: Return per unit of downside risk	2.96	1.31	+1.64
Omega ratio: Gain probability vs. loss probability	1.37	1.16	+0.21
Calmar ratio: Return relative to maximum drawdown	2.89	1.02	+1.88
Martin ratio: Return relative to average drawdown	13.41	3.43	+9.97

LEXI vs. AGOX - Sharpe Ratio Comparison

The current LEXI Sharpe Ratio is 2.07, which is higher than the AGOX Sharpe Ratio of 0.81. The chart below compares the historical Sharpe Ratios of LEXI and AGOX, 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

LEXI vs. AGOX - Drawdown Comparison

The maximum LEXI drawdown since its inception was -22.01%, smaller than the maximum AGOX drawdown of -26.93%. Use the drawdown chart below to compare losses from any high point for LEXI and AGOX.

Drawdown Indicators

	LEXI	AGOX	Difference
Max Drawdown Largest peak-to-trough decline	-22.01%	-26.93%	+4.92%
Max Drawdown (1Y) Largest decline over 1 year	-8.12%	-15.32%	+7.20%
Max Drawdown (3Y) Largest decline over 3 years	-15.94%	-21.15%	+5.21%
Max Drawdown (5Y) Largest decline over 5 years	-22.01%	-26.93%	+4.92%
Current Drawdown Current decline from peak	-1.41%	-5.98%	+4.57%
Average Drawdown Average peak-to-trough decline	-5.06%	-8.04%	+2.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.75%	4.52%	-2.77%

Volatility

LEXI vs. AGOX - Volatility Comparison

The current volatility for Alexis Practical Tactical ETF (LEXI) is 2.86%, while Adaptive Alpha Opportunities ETF (AGOX) has a volatility of 5.32%. This indicates that LEXI experiences smaller price fluctuations and is considered to be less risky than AGOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LEXI	AGOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.86%	5.32%	-2.46%
Volatility (6M) Calculated over the trailing 6-month period	9.41%	16.77%	-7.36%
Volatility (1Y) Calculated over the trailing 1-year period	11.38%	19.22%	-7.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.60%	19.81%	-5.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.56%	19.64%	-5.08%

LEXI vs. AGOX - Expense Ratio Comparison

LEXI has a 1.00% expense ratio, which is lower than AGOX's 1.33% expense ratio.

Dividends

LEXI vs. AGOX - Dividend Comparison

LEXI's dividend yield for the trailing twelve months is around 0.84%, less than AGOX's 2.76% yield.

Position	TTM	2025	2024	2023	2022	2021
AGOX Adaptive Alpha Opportunities ETF	2.76%	3.23%	3.94%	0.27%	0.20%	6.36%
LEXI Alexis Practical Tactical ETF	0.84%	0.94%	2.17%	1.34%	0.95%	0.23%

Frequently Asked Questions

Can I hold both LEXI and AGOX in my portfolio?

LEXI and AGOX have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LEXI or AGOX?

AGOX has higher volatility (5.32%) compared to LEXI (2.86%). In terms of maximum drawdown, LEXI dropped -22.01% vs AGOX's -26.93%.

Which ETF is better, LEXI or AGOX?

On 5-year performance, LEXI leads with 10.73% vs 7.88% for AGOX. On fees, LEXI is cheaper at 1.00% per year. On volatility, LEXI has been the lower-risk option at 2.86%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LEXI or AGOX?

Over the 5-year period, LEXI has performed better with a 10.73% return vs 7.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LEXI or AGOX?

LEXI is cheaper with a 1.00% expense ratio, compared with 1.33% for AGOX.

Which ETF pays a higher dividend yield, LEXI or AGOX?

AGOX has the higher dividend yield at 2.76%, compared with 0.84% for LEXI.

What is the main difference between LEXI and AGOX?

They also come from different issuers: Alexis and Adaptive. Their fees differ too: 1.00% for LEXI and 1.33% for AGOX.

Which has better risk-adjusted returns?

LEXI currently has the higher Sharpe Ratio (2.07 vs 0.81), 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.