SEIX vs. ASMF

Last updated Jun 4, 2026

SEIX (Virtus Seix Senior Loan ETF) and ASMF (Virtus AlphaSimplex Managed Futures ETF) are both exchange-traded funds - SEIX is a Bank Loan fund tracking the Credit Suisse Leveraged Loan Index, while ASMF is a Systematic Trend fund actively managed by Virtus. SEIX is passively managed, while ASMF is actively managed. Over the past year, SEIX returned 6.07% vs 17.16% for ASMF. At a 0.20 correlation, their price movements are largely independent. SEIX charges 0.57%/yr vs 0.80%/yr for ASMF.

Performance

SEIX vs. ASMF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus Seix Senior Loan ETF (SEIX) and Virtus AlphaSimplex Managed Futures ETF (ASMF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SEIX achieves a 2.09% return, which is significantly lower than ASMF's 9.39% return.

SEIX

• 1D: -0.06%
• 1M: 0.33%
• YTD: 2.09%
• 6M: 2.81%
• 1Y: 6.07%
• 3Y*: 8.17%
• 5Y*: 5.75%
• 10Y*: —

ASMF

• 1D: 0.01%
• 1M: 1.73%
• YTD: 9.39%
• 6M: 11.45%
• 1Y: 17.16%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SEIX vs. ASMF - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SEIX Virtus Seix Senior Loan ETF	2.09%	5.10%	5.14%
ASMF Virtus AlphaSimplex Managed Futures ETF	9.39%	1.16%	-3.56%

Correlation

The correlation between SEIX and ASMF is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (All Time) Calculated using the full available price history since May 17, 2024	0.20

The correlation between SEIX and ASMF shifts across timeframes, from 0.20 (all time) to 0.32 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

SEIX vs. ASMF — Risk / Return Rank

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

SEIX

SEIX Risk / Return Rank: 93
SEIX Sharpe Ratio Rank: 94
SEIX Sortino Ratio Rank: 97
SEIX Omega Ratio Rank: 97
SEIX Calmar Ratio Rank: 89
SEIX Martin Ratio Rank: 90

ASMF

ASMF Risk / Return Rank: 51
ASMF Sharpe Ratio Rank: 44
ASMF Sortino Ratio Rank: 42
ASMF Omega Ratio Rank: 46
ASMF Calmar Ratio Rank: 69
ASMF Martin Ratio Rank: 54

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.

SEIX vs. ASMF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus Seix Senior Loan ETF (SEIX) and Virtus AlphaSimplex Managed Futures ETF (ASMF). 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.

	SEIX	ASMF	Difference
Sharpe ratio: Return per unit of total volatility	3.79	1.55	+2.24
Sortino ratio: Return per unit of downside risk	6.16	2.15	+4.01
Omega ratio: Gain probability vs. loss probability	1.86	1.29	+0.57
Calmar ratio: Return relative to maximum drawdown	5.39	3.43	+1.96
Martin ratio: Return relative to average drawdown	21.57	9.07	+12.50
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SEIX vs. ASMF - Sharpe Ratio Comparison

The current SEIX Sharpe Ratio is 3.79, which is higher than the ASMF Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of SEIX and ASMF, 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

	SEIX	ASMF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.79	1.55	+2.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.97	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.24	0.30	+0.94

Drawdowns

SEIX vs. ASMF - Drawdown Comparison

The maximum SEIX drawdown since its inception was -17.51%, which is greater than ASMF's maximum drawdown of -15.31%. Use the drawdown chart below to compare losses from any high point for SEIX and ASMF.

Drawdown Indicators

	SEIX	ASMF	Difference
Max Drawdown Largest peak-to-trough decline	-17.51%	-15.31%	-2.20%
Max Drawdown (1Y) Largest decline over 1 year	-1.13%	-5.02%	+3.89%
Max Drawdown (3Y) Largest decline over 3 years	-3.01%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-6.69%	—	—
Current Drawdown Current decline from peak	-0.06%	-1.34%	+1.28%
Average Drawdown Average peak-to-trough decline	-0.87%	-7.61%	+6.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.28%	1.90%	-1.62%

Volatility

SEIX vs. ASMF - Volatility Comparison

The current volatility for Virtus Seix Senior Loan ETF (SEIX) is 0.35%, while Virtus AlphaSimplex Managed Futures ETF (ASMF) has a volatility of 2.59%. This indicates that SEIX experiences smaller price fluctuations and is considered to be less risky than ASMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SEIX	ASMF	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.35%	2.59%	-2.24%
Volatility (6M) Calculated over the trailing 6-month period	1.28%	9.28%	-8.00%
Volatility (1Y) Calculated over the trailing 1-year period	1.61%	11.16%	-9.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.93%	10.97%	-8.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.34%	10.97%	-6.63%

SEIX vs. ASMF - Expense Ratio Comparison

SEIX has a 0.57% expense ratio, which is lower than ASMF's 0.80% expense ratio.

Dividends

SEIX vs. ASMF - Dividend Comparison

SEIX's dividend yield for the trailing twelve months is around 7.25%, more than ASMF's 0.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
ASMF Virtus AlphaSimplex Managed Futures ETF	0.20%	0.22%	1.66%	0.00%	0.00%	0.00%	0.00%	0.00%
SEIX Virtus Seix Senior Loan ETF	7.25%	7.52%	8.09%	8.74%	5.76%	4.16%	3.75%	3.82%

Frequently Asked Questions

Can I hold both SEIX and ASMF in my portfolio?

SEIX and ASMF have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SEIX or ASMF?

ASMF has higher volatility (2.59%) compared to SEIX (0.35%). In terms of maximum drawdown, SEIX dropped -17.51% vs ASMF's -15.31%.

Which ETF is better, SEIX or ASMF?

On 1-year performance, ASMF leads with 17.16% vs 6.07% for SEIX. On fees, SEIX is cheaper at 0.57% per year. On volatility, SEIX has been the lower-risk option at 0.35%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SEIX or ASMF?

Over the 1-year period, ASMF has performed better with a 17.16% return vs 6.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SEIX or ASMF?

SEIX is cheaper with a 0.57% expense ratio, compared with 0.80% for ASMF.

Which ETF pays a higher dividend yield, SEIX or ASMF?

SEIX has the higher dividend yield at 7.25%, compared with 0.20% for ASMF.

What is the main difference between SEIX and ASMF?

SEIX is categorized as Bank Loan, while ASMF is Systematic Trend. Their fees differ too: 0.57% for SEIX and 0.80% for ASMF.

Which has better risk-adjusted returns?

SEIX currently has the higher Sharpe Ratio (3.79 vs 1.55), 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.