RHRX vs. AGOX

Last updated Jun 4, 2026

RHRX (RH Tactical Rotation ETF) and AGOX (Adaptive Alpha Opportunities ETF) are both Tactical Allocation funds. Both are actively managed. Over the past 3 years, RHRX returned 22.87%/yr vs 18.06%/yr for AGOX. A 0.75 correlation means they provide meaningful diversification when combined. RHRX charges 1.36%/yr vs 1.33%/yr for AGOX.

Performance

RHRX vs. AGOX - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with RHRX having a 21.30% return and AGOX slightly lower at 21.15%.

RHRX

• 1D: -0.34%
• 1M: 6.95%
• YTD: 21.30%
• 6M: 21.26%
• 1Y: 40.94%
• 3Y*: 22.87%
• 5Y*: —
• 10Y*: —

AGOX

• 1D: -1.34%
• 1M: 8.25%
• YTD: 21.15%
• 6M: 18.69%
• 1Y: 25.61%
• 3Y*: 18.06%
• 5Y*: 8.81%
• 10Y*: —

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

RHRX vs. AGOX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
RHRX RH Tactical Rotation ETF	21.30%	16.70%	22.21%	10.28%	-20.05%	1.33%
AGOX Adaptive Alpha Opportunities ETF	21.15%	8.58%	15.97%	19.07%	-19.21%	-2.94%

Correlation

The correlation between RHRX and AGOX is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (All Time) Calculated using the full available price history since Nov 9, 2021	0.75

The correlation between RHRX and AGOX has been stable across timeframes, ranging from 0.68 to 0.75 - a consistent structural relationship.

RHRX vs. AGOX - Sectors Allocation Comparison

Sectors	RHRX	AGOX
Technology	39.3%	50.1%
Industrials	17.4%	9.6%
Basic Materials	15.8%	3.2%
Consumer Cyclical	6.7%	6.2%
Communication Services	6.3%	9.6%
Financial Services	4.9%	4.8%
Healthcare	3.3%	9.2%
Utilities	3.3%	2.1%
Consumer Defensive	1.5%	2.8%
Energy	0.9%	1.8%
Real Estate	0.6%	0.7%

Return for Risk

RHRX vs. AGOX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RHRX

RHRX Risk / Return Rank: 90
RHRX Sharpe Ratio Rank: 90
RHRX Sortino Ratio Rank: 90
RHRX Omega Ratio Rank: 87
RHRX Calmar Ratio Rank: 91
RHRX Martin Ratio Rank: 92

AGOX

AGOX Risk / Return Rank: 39
AGOX Sharpe Ratio Rank: 39
AGOX Sortino Ratio Rank: 43
AGOX Omega Ratio Rank: 41
AGOX Calmar Ratio Rank: 34
AGOX Martin Ratio Rank: 39

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RHRX vs. AGOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for RH Tactical Rotation ETF (RHRX) 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.

	RHRX	AGOX	Difference
Sharpe ratio: Return per unit of total volatility	3.12	1.40	+1.72
Sortino ratio: Return per unit of downside risk	4.21	2.18	+2.03
Omega ratio: Gain probability vs. loss probability	1.54	1.27	+0.27
Calmar ratio: Return relative to maximum drawdown	6.02	1.68	+4.34
Martin ratio: Return relative to average drawdown	23.61	6.13	+17.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RHRX vs. AGOX - Sharpe Ratio Comparison

The current RHRX Sharpe Ratio is 3.12, which is higher than the AGOX Sharpe Ratio of 1.40. The chart below compares the historical Sharpe Ratios of RHRX 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.

Sharpe Ratios by Period

	RHRX	AGOX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.12	1.40	+1.72
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.45	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.50	+0.02

Drawdowns

RHRX vs. AGOX - Drawdown Comparison

The maximum RHRX drawdown since its inception was -25.33%, smaller than the maximum AGOX drawdown of -26.93%. Use the drawdown chart below to compare losses from any high point for RHRX and AGOX.

Drawdown Indicators

	RHRX	AGOX	Difference
Max Drawdown Largest peak-to-trough decline	-25.33%	-26.93%	+1.60%
Max Drawdown (1Y) Largest decline over 1 year	-6.83%	-15.32%	+8.49%
Max Drawdown (3Y) Largest decline over 3 years	-21.90%	-21.15%	-0.75%
Max Drawdown (5Y) Largest decline over 5 years	—	-26.93%	—
Current Drawdown Current decline from peak	-0.34%	-1.34%	+1.00%
Average Drawdown Average peak-to-trough decline	-8.95%	-8.18%	-0.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.74%	4.19%	-2.45%

Volatility

RHRX vs. AGOX - Volatility Comparison

The current volatility for RH Tactical Rotation ETF (RHRX) is 4.35%, while Adaptive Alpha Opportunities ETF (AGOX) has a volatility of 6.22%. This indicates that RHRX 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

	RHRX	AGOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.35%	6.22%	-1.87%
Volatility (6M) Calculated over the trailing 6-month period	9.73%	15.90%	-6.17%
Volatility (1Y) Calculated over the trailing 1-year period	13.19%	18.37%	-5.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.03%	19.67%	-0.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.03%	19.67%	-0.64%

RHRX vs. AGOX - Expense Ratio Comparison

RHRX has a 1.36% expense ratio, which is higher than AGOX's 1.33% expense ratio.

Dividends

RHRX vs. AGOX - Dividend Comparison

RHRX has not paid dividends to shareholders, while AGOX's dividend yield for the trailing twelve months is around 2.66%.

Position	TTM	2025	2024	2023	2022	2021
AGOX Adaptive Alpha Opportunities ETF	2.66%	3.23%	3.94%	0.27%	0.20%	6.36%
RHRX RH Tactical Rotation ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RHRX and AGOX in my portfolio?

RHRX and AGOX have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RHRX or AGOX?

AGOX has higher volatility (6.22%) compared to RHRX (4.35%). In terms of maximum drawdown, RHRX dropped -25.33% vs AGOX's -26.93%.

Which ETF is better, RHRX or AGOX?

On 3-year performance, RHRX leads with 22.87% vs 18.06% for AGOX. On fees, AGOX is cheaper at 1.33% per year. On volatility, RHRX has been the lower-risk option at 4.35%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RHRX or AGOX?

Over the 3-year period, RHRX has performed better with a 22.87% return vs 18.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RHRX or AGOX?

AGOX is cheaper with a 1.33% expense ratio, compared with 1.36% for RHRX.

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

AGOX has the higher dividend yield at 2.66%, compared with 0.00% for RHRX.

What is the main difference between RHRX and AGOX?

They also come from different issuers: Adaptive and Adaptive Funds. Their fees differ too: 1.36% for RHRX and 1.33% for AGOX.

Which has better risk-adjusted returns?

RHRX currently has the higher Sharpe Ratio (3.12 vs 1.40), 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.