MIGO vs. AFOS
MIGO (MIG Core ETF) and AFOS (ARS Focused Opportunities Strategy ETF) are both Large Cap Blend Equities funds. Both are actively managed. Their correlation of 0.91 means they have usually moved in the same direction. Both charge a 0.45% expense ratio.
Performance
MIGO vs. AFOS - Performance Comparison
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Returns By Period
MIGO
- 1D
- 1.51%
- 1M
- -2.67%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
AFOS
- 1D
- 0.79%
- 1M
- -2.57%
- 6M
- 16.56%
- YTD
- 27.82%
- 1Y
- 64.93%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 66.91%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $478.32K | $472.43K | $519.92K | |
MIGO MIG Core ETF | $37.24K | $187.37K | $376.73K |
MIGO vs. AFOS - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
MIGO MIG Core ETF | 16.85% |
AFOS ARS Focused Opportunities Strategy ETF | 13.33% |
Correlation
The correlation between MIGO and AFOS is 0.91, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Feb 23, 2026 | 0.91 |
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Return for Risk
MIGO vs. AFOS — Risk / Return Rank
MIGO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
AFOS
MIGO vs. AFOS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MIG Core ETF (MIGO) 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.
| MIGO | AFOS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.44 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 5.34 | — |
| Martin ratioReturn relative to average drawdown | — | 20.21 | — |
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Drawdowns
MIGO vs. AFOS - Drawdown Comparison
The maximum MIGO drawdown since its inception was -13.39%, which is greater than AFOS's maximum drawdown of -11.80%. Use the drawdown chart below to compare losses from any high point for MIGO and AFOS.
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Drawdown Indicators
| MIGO | AFOS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.39% | -11.80% | -1.59% |
Max Drawdown (1Y)Largest decline over 1 year | — | -11.80% | — |
Current DrawdownCurrent decline from peak | -5.98% | -6.55% | +0.57% |
Average DrawdownAverage peak-to-trough decline | -3.20% | -1.80% | -1.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.11% | — |
Volatility
MIGO vs. AFOS - Volatility Comparison
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Volatility by Period
| MIGO | AFOS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 8.33% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 19.47% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 25.54% | 23.16% | +2.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.54% | 22.37% | +3.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.54% | 22.37% | +3.17% |
MIGO vs. AFOS - Expense Ratio Comparison
Both MIGO and AFOS have an expense ratio of 0.45%.
Dividends
MIGO vs. AFOS - Dividend Comparison
MIGO has not paid dividends to shareholders, while AFOS's dividend yield for the trailing twelve months is around 0.23%.
| Position | TTM | 2025 |
|---|---|---|
AFOS ARS Focused Opportunities Strategy ETF | 0.23% | 0.30% |
MIGO MIG Core ETF | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.91, MIGO and AFOS 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.
Both ETFs have the same 0.45% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
MIGO and AFOS have the same expense ratio: 0.45% per year.
AFOS has the higher dividend yield at 0.23%, compared with 0.00% for MIGO.
They also come from different issuers: Exchange Traded Concepts and ARS Investment Partners.
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