LOHA vs. AFOS

Last updated Jun 6, 2026

LOHA (Roundhill HALO ETF) and AFOS (ARS Focused Opportunities Strategy ETF) are both Large Cap Blend Equities funds. At a 0.45 correlation, their price movements are largely independent. LOHA charges 0.35%/yr vs 0.45%/yr for AFOS.

Performance

LOHA vs. AFOS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill HALO ETF (LOHA) and ARS Focused Opportunities Strategy ETF (AFOS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

LOHA

• 1D: -0.59%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AFOS

• 1D: -4.70%
• 1M: -0.24%
• YTD: 26.02%
• 6M: 29.35%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LOHA vs. AFOS - Yearly Performance Comparison

	2026 (YTD)
LOHA Roundhill HALO ETF	-0.44%
AFOS ARS Focused Opportunities Strategy ETF	-1.80%

Correlation

The correlation between LOHA and AFOS is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 15, 2026	0.45

Return for Risk

LOHA vs. AFOS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill HALO ETF (LOHA) 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.

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

Sharpe Ratios by Period

	LOHA	AFOS	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.62	3.75	-4.37

Drawdowns

LOHA vs. AFOS - Drawdown Comparison

The maximum LOHA drawdown since its inception was -2.08%, smaller than the maximum AFOS drawdown of -11.52%. Use the drawdown chart below to compare losses from any high point for LOHA and AFOS.

Drawdown Indicators

	LOHA	AFOS	Difference
Max Drawdown Largest peak-to-trough decline	-2.08%	-11.52%	+9.44%
Current Drawdown Current decline from peak	-1.27%	-4.83%	+3.56%
Average Drawdown Average peak-to-trough decline	-0.81%	-1.38%	+0.57%

Volatility

Volatility by Period

	LOHA	AFOS	Difference
Volatility (1Y) Calculated over the trailing 1-year period	11.84%	20.74%	-8.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.84%	20.74%	-8.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.84%	20.74%	-8.90%

LOHA vs. AFOS - Expense Ratio Comparison

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

Dividends

LOHA vs. AFOS - Dividend Comparison

LOHA has not paid dividends to shareholders, while AFOS's dividend yield for the trailing twelve months is around 0.24%.

Position	TTM	2025
AFOS ARS Focused Opportunities Strategy ETF	0.24%	0.30%
LOHA Roundhill HALO ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both LOHA and AFOS in my portfolio?

LOHA and AFOS have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LOHA or AFOS?

On fees, LOHA is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LOHA or AFOS?

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

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

AFOS has the higher dividend yield at 0.24%, compared with 0.00% for LOHA.

What is the main difference between LOHA and AFOS?

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