SAWG vs. ROE

Last updated Aug 2, 2026

SAWG (AAM Sawgrass U.S. Large Cap Quality Growth ETF) and ROE (Astoria US Equal Weight Quality Kings ETF) are both Quality Factor funds. Both are actively managed. Over the past year, SAWG returned 17.21% vs 33.36% for ROE. Their correlation of 0.83 means they have usually moved in the same direction. Both charge a 0.49% expense ratio.

Performance

SAWG vs. ROE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AAM Sawgrass U.S. Large Cap Quality Growth ETF (SAWG) and Astoria US Equal Weight Quality Kings ETF (ROE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SAWG achieves a 8.37% return, which is significantly lower than ROE's 20.35% return.

SAWG

• 1D: 0.52%
• 1M: 0.10%
• 6M: 8.55%
• YTD: 8.37%
• 1Y: 17.21%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 13.12%

ROE

• 1D: 0.50%
• 1M: 0.63%
• 6M: 16.21%
• YTD: 20.35%
• 1Y: 33.36%
• 3Y*: 20.30%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 20.32%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ROE Astoria US Equal Weight Quality Kings ETF	$1.20M	$1.18M	$910.23K
SAWG AAM Sawgrass U.S. Large Cap Quality Growth ETF	$20.88K	$32.12K	$31.74K

SAWG vs. ROE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SAWG AAM Sawgrass U.S. Large Cap Quality Growth ETF	8.37%	11.30%	6.07%
ROE Astoria US Equal Weight Quality Kings ETF	20.35%	17.20%	2.73%

Correlation

The correlation between SAWG and ROE is 0.79, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.79
Correlation (All Time) Calculated using the full available price history since Jul 31, 2024	0.83

The correlation between SAWG and ROE has been stable across timeframes, ranging from 0.79 to 0.83 - a consistent structural relationship.

SAWG vs. ROE - Sectors Allocation Comparison

Sectors	SAWG	ROE
Technology	46.2%	33.9%
Healthcare	15.4%	10.2%
Consumer Cyclical	11.3%	11.0%
Industrials	8.8%	9.0%
Financial Services	7.5%	11.9%
Communication Services	6.9%	11.1%
Consumer Defensive	3.8%	4.9%
Basic Materials	-	1.0%
Energy	-	2.9%
Real Estate	-	2.0%
Utilities	-	2.0%

Return for Risk

SAWG vs. ROE — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SAWG

SAWG Risk / Return Rank: 46
SAWG Sharpe Ratio Rank: 48
SAWG Sortino Ratio Rank: 47
SAWG Omega Ratio Rank: 45
SAWG Calmar Ratio Rank: 40
SAWG Martin Ratio Rank: 49

ROE

ROE Risk / Return Rank: 88
ROE Sharpe Ratio Rank: 88
ROE Sortino Ratio Rank: 86
ROE Omega Ratio Rank: 85
ROE Calmar Ratio Rank: 89
ROE Martin Ratio Rank: 92

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SAWG vs. ROE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AAM Sawgrass U.S. Large Cap Quality Growth ETF (SAWG) and Astoria US Equal Weight Quality Kings ETF (ROE). 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.

	SAWG	ROE	Difference
Sharpe ratio: Return per unit of total volatility	1.20	2.14	-0.94
Sortino ratio: Return per unit of downside risk	1.72	2.88	-1.15
Omega ratio: Gain probability vs. loss probability	1.21	1.37	-0.16
Calmar ratio: Return relative to maximum drawdown	1.40	3.72	-2.32
Martin ratio: Return relative to average drawdown	5.64	15.82	-10.18

SAWG vs. ROE - Sharpe Ratio Comparison

The current SAWG Sharpe Ratio is 1.20, which is lower than the ROE Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of SAWG and ROE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SAWG vs. ROE - Drawdown Comparison

The maximum SAWG drawdown since its inception was -18.68%, roughly equal to the maximum ROE drawdown of -19.10%. Use the drawdown chart below to compare losses from any high point for SAWG and ROE.

Drawdown Indicators

	SAWG	ROE	Difference
Max Drawdown Largest peak-to-trough decline	-18.68%	-19.10%	+0.42%
Max Drawdown (1Y) Largest decline over 1 year	-11.33%	-8.66%	-2.67%
Max Drawdown (3Y) Largest decline over 3 years	—	-19.10%	—
Current Drawdown Current decline from peak	-1.58%	-1.30%	-0.28%
Average Drawdown Average peak-to-trough decline	-2.57%	-2.54%	-0.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.80%	2.03%	+0.77%

Volatility

SAWG vs. ROE - Volatility Comparison

The current volatility for AAM Sawgrass U.S. Large Cap Quality Growth ETF (SAWG) is 3.28%, while Astoria US Equal Weight Quality Kings ETF (ROE) has a volatility of 3.59%. This indicates that SAWG experiences smaller price fluctuations and is considered to be less risky than ROE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SAWG	ROE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.28%	3.59%	-0.31%
Volatility (6M) Calculated over the trailing 6-month period	10.49%	11.81%	-1.32%
Volatility (1Y) Calculated over the trailing 1-year period	13.19%	15.07%	-1.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.05%	15.87%	+0.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.05%	15.87%	+0.18%

SAWG vs. ROE - Expense Ratio Comparison

Both SAWG and ROE have an expense ratio of 0.49%.

Dividends

SAWG vs. ROE - Dividend Comparison

SAWG's dividend yield for the trailing twelve months is around 0.25%, less than ROE's 1.01% yield.

Position	TTM	2025	2024	2023
ROE Astoria US Equal Weight Quality Kings ETF	1.01%	0.97%	1.18%	0.68%
SAWG AAM Sawgrass U.S. Large Cap Quality Growth ETF	0.25%	0.27%	0.16%	0.00%

Frequently Asked Questions

Can I hold both SAWG and ROE in my portfolio?

SAWG and ROE 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 is riskier, SAWG or ROE?

ROE has higher volatility (3.59%) compared to SAWG (3.28%). In terms of maximum drawdown, SAWG dropped -18.68% vs ROE's -19.10%.

Which ETF is better, SAWG or ROE?

On 1-year performance, ROE leads with 33.36% vs 17.21% for SAWG. Both ETFs have the same 0.49% expense ratio. On volatility, SAWG has been the lower-risk option at 3.28%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SAWG or ROE?

Over the 1-year period, ROE has performed better with a 33.36% return vs 17.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SAWG or ROE?

SAWG and ROE have the same expense ratio: 0.49% per year.

Which ETF pays a higher dividend yield, SAWG or ROE?

ROE has the higher dividend yield at 1.01%, compared with 0.25% for SAWG.

What is the main difference between SAWG and ROE?

They also come from different issuers: AAM and Astoria.

Which has better risk-adjusted returns?

ROE currently has the higher Sharpe Ratio (2.14 vs 1.20), 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.