RWLC vs. AFOS
RWLC (Rayliant Wilshire NxtGen US Large Cap Equity ETF) and AFOS (ARS Focused Opportunities Strategy ETF) are both Large Cap Blend Equities funds. A 0.63 correlation means they provide meaningful diversification when combined. RWLC charges 0.32%/yr vs 0.45%/yr for AFOS.
Performance
RWLC vs. AFOS - Performance Comparison
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Returns By Period
In the year-to-date period, RWLC achieves a 12.63% return, which is significantly lower than AFOS's 32.24% return.
RWLC
- 1D
- -0.25%
- 1M
- 4.75%
- YTD
- 12.63%
- 6M
- 15.44%
- 1Y
- 21.89%
- 3Y*
- 23.92%
- 5Y*
- —
- 10Y*
- —
AFOS
- 1D
- 0.15%
- 1M
- 7.26%
- YTD
- 32.24%
- 6M
- 36.70%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RWLC vs. AFOS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
RWLC Rayliant Wilshire NxtGen US Large Cap Equity ETF | 12.63% | 7.09% |
AFOS ARS Focused Opportunities Strategy ETF | 32.24% | 36.15% |
Correlation
The correlation between RWLC and AFOS is 0.63, 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 Jun 27, 2025 | 0.63 |
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Return for Risk
RWLC vs. AFOS — Risk / Return Rank
RWLC
AFOS
RWLC vs. AFOS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rayliant Wilshire NxtGen US Large Cap Equity ETF (RWLC) 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.
| RWLC | AFOS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.29 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.36 | — | — |
| Martin ratioReturn relative to average drawdown | 8.75 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RWLC | AFOS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.59 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.84 | 4.35 | -3.50 |
Drawdowns
RWLC vs. AFOS - Drawdown Comparison
The maximum RWLC drawdown since its inception was -21.00%, which is greater than AFOS's maximum drawdown of -11.52%. Use the drawdown chart below to compare losses from any high point for RWLC and AFOS.
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Drawdown Indicators
| RWLC | AFOS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.00% | -11.52% | -9.48% |
Max Drawdown (1Y)Largest decline over 1 year | -9.33% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -16.20% | — | — |
Current DrawdownCurrent decline from peak | -0.68% | -0.14% | -0.54% |
Average DrawdownAverage peak-to-trough decline | -5.43% | -1.37% | -4.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.51% | — | — |
Volatility
RWLC vs. AFOS - Volatility Comparison
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Volatility by Period
| RWLC | AFOS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.55% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 10.97% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 13.87% | 20.14% | -6.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.47% | 20.14% | -3.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.47% | 20.14% | -3.67% |
RWLC vs. AFOS - Expense Ratio Comparison
RWLC has a 0.32% expense ratio, which is lower than AFOS's 0.45% expense ratio.
Dividends
RWLC vs. AFOS - Dividend Comparison
RWLC's dividend yield for the trailing twelve months is around 13.04%, more than AFOS's 0.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
AFOS ARS Focused Opportunities Strategy ETF | 0.22% | 0.30% | 0.00% | 0.00% | 0.00% | 0.00% |
RWLC Rayliant Wilshire NxtGen US Large Cap Equity ETF | 13.04% | 14.69% | 0.98% | 1.63% | 1.39% | 0.01% |
Frequently Asked Questions
RWLC and AFOS have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, RWLC is cheaper at 0.32% per year. The better choice depends on whether you care most about return, fees, risk, or income.
RWLC is cheaper with a 0.32% expense ratio, compared with 0.45% for AFOS.
RWLC has the higher dividend yield at 13.04%, compared with 0.22% for AFOS.
They also come from different issuers: Rayliant and ARS Investment Partners. Their fees differ too: 0.32% for RWLC and 0.45% for AFOS.
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