RNDV vs. AFOS

Last updated Jun 4, 2026

RNDV (US Equity Dividend Select ETF) and AFOS (ARS Focused Opportunities Strategy ETF) are both Large Cap Blend Equities funds. At a 0.47 correlation, their price movements are largely independent. RNDV charges 0.50%/yr vs 0.45%/yr for AFOS.

Performance

RNDV vs. AFOS - Performance Comparison

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

Returns By Period

In the year-to-date period, RNDV achieves a 16.69% return, which is significantly lower than AFOS's 32.04% return.

RNDV

• 1D: -1.01%
• 1M: 8.04%
• YTD: 16.69%
• 6M: 16.73%
• 1Y: 31.60%
• 3Y*: 17.67%
• 5Y*: 9.28%
• 10Y*: —

AFOS

• 1D: -0.29%
• 1M: 8.94%
• YTD: 32.04%
• 6M: 37.37%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RNDV vs. AFOS - Yearly Performance Comparison

	2026 (YTD)	2025
RNDV US Equity Dividend Select ETF	16.69%	9.56%
AFOS ARS Focused Opportunities Strategy ETF	32.04%	36.15%

Correlation

The correlation between RNDV and AFOS is 0.47, 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 Jun 27, 2025	0.47

Return for Risk

RNDV vs. AFOS — Risk / Return Rank

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

RNDV

RNDV Risk / Return Rank: 69
RNDV Sharpe Ratio Rank: 72
RNDV Sortino Ratio Rank: 74
RNDV Omega Ratio Rank: 69
RNDV Calmar Ratio Rank: 68
RNDV Martin Ratio Rank: 63

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.

RNDV vs. AFOS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for US Equity Dividend Select ETF (RNDV) 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.

	RNDV	AFOS	Difference
Sharpe ratio: Return per unit of total volatility	2.34	—	—
Sortino ratio: Return per unit of downside risk	3.33	—	—
Omega ratio: Gain probability vs. loss probability	1.41	—	—
Calmar ratio: Return relative to maximum drawdown	3.37	—	—
Martin ratio: Return relative to average drawdown	11.35	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	RNDV	AFOS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.34	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	4.35	-3.73

Drawdowns

RNDV vs. AFOS - Drawdown Comparison

The maximum RNDV drawdown since its inception was -37.44%, which is greater than AFOS's maximum drawdown of -11.52%. Use the drawdown chart below to compare losses from any high point for RNDV and AFOS.

Drawdown Indicators

	RNDV	AFOS	Difference
Max Drawdown Largest peak-to-trough decline	-37.44%	-11.52%	-25.92%
Max Drawdown (1Y) Largest decline over 1 year	-9.41%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-19.70%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-19.71%	—	—
Current Drawdown Current decline from peak	-1.01%	-0.29%	-0.72%
Average Drawdown Average peak-to-trough decline	-4.87%	-1.37%	-3.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.79%	—	—

Volatility

Volatility by Period

	RNDV	AFOS	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.82%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.90%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.58%	20.19%	-6.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.12%	20.19%	-4.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.87%	20.19%	-1.32%

RNDV vs. AFOS - Expense Ratio Comparison

RNDV has a 0.50% expense ratio, which is higher than AFOS's 0.45% expense ratio.

Dividends

RNDV vs. AFOS - Dividend Comparison

RNDV's dividend yield for the trailing twelve months is around 2.33%, more than AFOS's 0.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
AFOS ARS Focused Opportunities Strategy ETF	0.22%	0.30%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RNDV US Equity Dividend Select ETF	2.33%	2.70%	2.55%	3.10%	2.52%	1.95%	2.44%	2.85%	4.09%	1.10%

Frequently Asked Questions

Can I hold both RNDV and AFOS in my portfolio?

RNDV and AFOS have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RNDV or AFOS?

On fees, AFOS is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RNDV or AFOS?

AFOS is cheaper with a 0.45% expense ratio, compared with 0.50% for RNDV.

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

RNDV has the higher dividend yield at 2.33%, compared with 0.22% for AFOS.

What is the main difference between RNDV and AFOS?

They also come from different issuers: First Trust and ARS Investment Partners. Their fees differ too: 0.50% for RNDV and 0.45% for AFOS.