SDCP vs. ASGM

Last updated Jun 4, 2026

SDCP (Virtus Newfleet Short Duration Core Plus Bond ETF) and ASGM (Virtus AlphaSimplex Global Macro ETF) are both exchange-traded funds - SDCP is a Short-Term Bond fund actively managed by Virtus, while ASGM is a Tactical Allocation fund actively managed by Virtus. Both are actively managed. At a 0.31 correlation, their price movements are largely independent. SDCP charges 0.35%/yr vs 0.86%/yr for ASGM.

Performance

SDCP vs. ASGM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus Newfleet Short Duration Core Plus Bond ETF (SDCP) and Virtus AlphaSimplex Global Macro ETF (ASGM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SDCP achieves a 1.06% return, which is significantly lower than ASGM's 22.52% return.

SDCP

• 1D: -0.10%
• 1M: 0.18%
• YTD: 1.06%
• 6M: 1.18%
• 1Y: 4.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ASGM

• 1D: -0.53%
• 1M: 7.21%
• YTD: 22.52%
• 6M: 24.07%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SDCP vs. ASGM - Yearly Performance Comparison

	2026 (YTD)	2025
SDCP Virtus Newfleet Short Duration Core Plus Bond ETF	1.06%	1.77%
ASGM Virtus AlphaSimplex Global Macro ETF	22.52%	11.57%

Correlation

The correlation between SDCP and ASGM is 0.31, 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 Aug 6, 2025	0.31

Return for Risk

SDCP vs. ASGM — Risk / Return Rank

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

SDCP

SDCP Risk / Return Rank: 91
SDCP Sharpe Ratio Rank: 88
SDCP Sortino Ratio Rank: 94
SDCP Omega Ratio Rank: 95
SDCP Calmar Ratio Rank: 89
SDCP Martin Ratio Rank: 89

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.

SDCP vs. ASGM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus Newfleet Short Duration Core Plus Bond ETF (SDCP) 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.

	SDCP	ASGM	Difference
Sharpe ratio Return per unit of total volatility	3.02	—	—
Sortino ratio Return per unit of downside risk	4.90	—	—
Omega ratio Gain probability vs. loss probability	1.74	—	—
Calmar ratio Return relative to maximum drawdown	5.33	—	—
Martin ratio Return relative to average drawdown	19.90	—	—
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

	SDCP	ASGM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.02	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.66	2.95	-0.28

Drawdowns

SDCP vs. ASGM - Drawdown Comparison

The maximum SDCP drawdown since its inception was -1.00%, smaller than the maximum ASGM drawdown of -6.62%. Use the drawdown chart below to compare losses from any high point for SDCP and ASGM.

Drawdown Indicators

	SDCP	ASGM	Difference
Max Drawdown Largest peak-to-trough decline	-1.00%	-6.62%	+5.62%
Max Drawdown (1Y) Largest decline over 1 year	-0.82%	—	—
Current Drawdown Current decline from peak	-0.10%	-0.53%	+0.43%
Average Drawdown Average peak-to-trough decline	-0.18%	-1.22%	+1.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.22%	—	—

Volatility

Volatility by Period

	SDCP	ASGM	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.30%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.84%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	1.46%	15.67%	-14.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.04%	15.67%	-13.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.04%	15.67%	-13.63%

SDCP vs. ASGM - Expense Ratio Comparison

SDCP has a 0.35% expense ratio, which is lower than ASGM's 0.86% expense ratio.

Dividends

SDCP vs. ASGM - Dividend Comparison

SDCP's dividend yield for the trailing twelve months is around 5.23%, more than ASGM's 3.69% yield.

Position	TTM	2025	2024	2023
ASGM Virtus AlphaSimplex Global Macro ETF	3.69%	4.52%	0.00%	0.00%
SDCP Virtus Newfleet Short Duration Core Plus Bond ETF	5.23%	5.16%	5.25%	0.59%

Frequently Asked Questions

Can I hold both SDCP and ASGM in my portfolio?

SDCP and ASGM have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SDCP or ASGM?

On fees, SDCP is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SDCP or ASGM?

SDCP is cheaper with a 0.35% expense ratio, compared with 0.86% for ASGM.

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

SDCP has the higher dividend yield at 5.23%, compared with 3.69% for ASGM.

What is the main difference between SDCP and ASGM?

SDCP is categorized as Short-Term Bond, while ASGM is Tactical Allocation. Their fees differ too: 0.35% for SDCP and 0.86% for ASGM.