PRTO vs. ASGM

Last updated Jun 5, 2026

PRTO (RCN Pareto Strategic Allocation ETF) and ASGM (Virtus AlphaSimplex Global Macro ETF) are both Tactical Allocation funds. Both are actively managed. A 0.79 correlation means they provide meaningful diversification when combined. PRTO charges 0.82%/yr vs 0.86%/yr for ASGM.

Performance

PRTO vs. ASGM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in RCN Pareto Strategic Allocation ETF (PRTO) and Virtus AlphaSimplex Global Macro ETF (ASGM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PRTO

• 1D: 0.61%
• 1M: 2.22%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ASGM

• 1D: -0.20%
• 1M: 6.11%
• YTD: 22.28%
• 6M: 24.33%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PRTO vs. ASGM - Yearly Performance Comparison

	2026 (YTD)
PRTO RCN Pareto Strategic Allocation ETF	10.84%
ASGM Virtus AlphaSimplex Global Macro ETF	15.75%

Correlation

The correlation between PRTO and ASGM is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 26, 2026	0.79

Return for Risk

PRTO vs. ASGM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for RCN Pareto Strategic Allocation ETF (PRTO) and Virtus AlphaSimplex Global Macro ETF (ASGM). 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

	PRTO	ASGM	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	5.07	2.91	+2.15

Drawdowns

PRTO vs. ASGM - Drawdown Comparison

The maximum PRTO drawdown since its inception was -2.98%, smaller than the maximum ASGM drawdown of -6.62%. Use the drawdown chart below to compare losses from any high point for PRTO and ASGM.

Drawdown Indicators

	PRTO	ASGM	Difference
Max Drawdown Largest peak-to-trough decline	-2.98%	-6.62%	+3.64%
Current Drawdown Current decline from peak	-0.11%	-0.73%	+0.62%
Average Drawdown Average peak-to-trough decline	-0.54%	-1.22%	+0.68%

Volatility

Volatility by Period

	PRTO	ASGM	Difference
Volatility (1Y) Calculated over the trailing 1-year period	13.91%	15.63%	-1.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.91%	15.63%	-1.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.91%	15.63%	-1.72%

PRTO vs. ASGM - Expense Ratio Comparison

PRTO has a 0.82% expense ratio, which is lower than ASGM's 0.86% expense ratio.

Dividends

PRTO vs. ASGM - Dividend Comparison

PRTO has not paid dividends to shareholders, while ASGM's dividend yield for the trailing twelve months is around 3.70%.

Position	TTM	2025
ASGM Virtus AlphaSimplex Global Macro ETF	3.70%	4.52%
PRTO RCN Pareto Strategic Allocation ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both PRTO and ASGM in my portfolio?

PRTO and ASGM have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PRTO or ASGM?

On fees, PRTO is cheaper at 0.82% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PRTO or ASGM?

PRTO is cheaper with a 0.82% expense ratio, compared with 0.86% for ASGM.

Which ETF pays a higher dividend yield, PRTO or ASGM?

ASGM has the higher dividend yield at 3.70%, compared with 0.00% for PRTO.

What is the main difference between PRTO and ASGM?

They also come from different issuers: Tidal and Virtus. Their fees differ too: 0.82% for PRTO and 0.86% for ASGM.