ORO vs. AGOX
ORO (Arrow Valtoro ETF) and AGOX (Adaptive Alpha Opportunities ETF) are both Tactical Allocation funds. Both are actively managed. Their 0.37 correlation means their historical movements had little consistent relationship. ORO charges 1.25%/yr vs 1.33%/yr for AGOX.
Performance
ORO vs. AGOX - Performance Comparison
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Returns By Period
In the year-to-date period, ORO achieves a -0.52% return, which is significantly lower than AGOX's 16.81% return.
ORO
- 1D
- -1.15%
- 1M
- -0.38%
- 6M
- -3.40%
- YTD
- -0.52%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
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%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.70M | $2.48M | $2.81M | |
| $4.26K | $2.84K | $3.33K |
ORO vs. AGOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ORO Arrow Valtoro ETF | -0.52% | -9.23% |
AGOX Adaptive Alpha Opportunities ETF | 16.81% | -4.20% |
Correlation
The correlation between ORO and AGOX is 0.37, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 17, 2025 | 0.37 |
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Return for Risk
ORO vs. AGOX — Risk / Return Rank
ORO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
AGOX
ORO vs. AGOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Arrow Valtoro ETF (ORO) 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.
| ORO | AGOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.16 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.02 | — |
| Martin ratioReturn relative to average drawdown | — | 3.43 | — |
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Drawdowns
ORO vs. AGOX - Drawdown Comparison
The maximum ORO drawdown since its inception was -14.25%, smaller than the maximum AGOX drawdown of -26.93%. Use the drawdown chart below to compare losses from any high point for ORO and AGOX.
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Drawdown Indicators
| ORO | AGOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.25% | -26.93% | +12.68% |
Max Drawdown (1Y)Largest decline over 1 year | — | -15.32% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -21.15% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.93% | — |
Current DrawdownCurrent decline from peak | -13.23% | -5.98% | -7.25% |
Average DrawdownAverage peak-to-trough decline | -7.50% | -8.04% | +0.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.52% | — |
Volatility
ORO vs. AGOX - Volatility Comparison
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Volatility by Period
| ORO | AGOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.32% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 16.77% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 23.09% | 19.22% | +3.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.09% | 19.81% | +3.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.09% | 19.64% | +3.45% |
ORO vs. AGOX - Expense Ratio Comparison
ORO has a 1.25% expense ratio, which is lower than AGOX's 1.33% expense ratio.
Dividends
ORO vs. AGOX - Dividend Comparison
ORO has not paid dividends to shareholders, while AGOX's dividend yield for the trailing twelve months is around 2.76%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
AGOX Adaptive Alpha Opportunities ETF | 2.76% | 3.23% | 3.94% | 0.27% | 0.20% | 6.36% |
ORO Arrow Valtoro ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ORO and AGOX have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ORO is cheaper at 1.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ORO is cheaper with a 1.25% expense ratio, compared with 1.33% for AGOX.
AGOX has the higher dividend yield at 2.76%, compared with 0.00% for ORO.
They also come from different issuers: Arrow Funds and Adaptive. Their fees differ too: 1.25% for ORO and 1.33% for AGOX.
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