SNAV vs. AFOS

Last updated Jul 17, 2026

SNAV (Mohr Sector Nav ETF) and AFOS (ARS Focused Opportunities Strategy ETF) are both Large Cap Blend Equities funds. Over the past year, SNAV returned 18.51% vs 67.10% for AFOS. A 0.74 correlation means they provide meaningful diversification when combined. SNAV charges 1.30%/yr vs 0.45%/yr for AFOS.

Performance

SNAV vs. AFOS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Mohr Sector Nav ETF (SNAV) 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, SNAV achieves a 10.47% return, which is significantly lower than AFOS's 27.19% return.

SNAV

• 1D: 0.29%
• 1M: 0.10%
• 6M: 8.30%
• YTD: 10.47%
• 1Y: 18.51%
• 3Y*: 13.38%
• 5Y*: —
• 10Y*: —

AFOS

• 1D: -2.05%
• 1M: -4.38%
• 6M: 18.66%
• YTD: 27.19%
• 1Y: 67.10%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SNAV vs. AFOS - Yearly Performance Comparison

	2026 (YTD)	2025
SNAV Mohr Sector Nav ETF	10.47%	10.26%
AFOS ARS Focused Opportunities Strategy ETF	27.19%	37.10%

Correlation

The correlation between SNAV and AFOS is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.74
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025	0.74

The correlation between SNAV and AFOS has been stable across timeframes, ranging from 0.74 to 0.74 - a consistent structural relationship.

Return for Risk

SNAV vs. AFOS — Risk / Return Rank

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

SNAV

SNAV Risk / Return Rank: 64
SNAV Sharpe Ratio Rank: 62
SNAV Sortino Ratio Rank: 58
SNAV Omega Ratio Rank: 60
SNAV Calmar Ratio Rank: 72
SNAV Martin Ratio Rank: 67

AFOS

AFOS Risk / Return Rank: 94
AFOS Sharpe Ratio Rank: 95
AFOS Sortino Ratio Rank: 93
AFOS Omega Ratio Rank: 92
AFOS Calmar Ratio Rank: 95
AFOS Martin Ratio Rank: 96

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.

SNAV vs. AFOS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Mohr Sector Nav ETF (SNAV) 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.

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.

	SNAV	AFOS	Difference
Sharpe ratio: Return per unit of total volatility	1.65	3.03	-1.38
Sortino ratio: Return per unit of downside risk	2.22	3.72	-1.50
Omega ratio: Gain probability vs. loss probability	1.30	1.49	-0.19
Calmar ratio: Return relative to maximum drawdown	2.88	5.86	-2.97
Martin ratio: Return relative to average drawdown	9.44	24.92	-15.48

SNAV vs. AFOS - Sharpe Ratio Comparison

The current SNAV Sharpe Ratio is 1.65, which is lower than the AFOS Sharpe Ratio of 3.03. The chart below compares the historical Sharpe Ratios of SNAV and AFOS, 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

SNAV vs. AFOS - Drawdown Comparison

The maximum SNAV drawdown since its inception was -16.61%, which is greater than AFOS's maximum drawdown of -11.52%. Use the drawdown chart below to compare losses from any high point for SNAV and AFOS.

Drawdown Indicators

	SNAV	AFOS	Difference
Max Drawdown Largest peak-to-trough decline	-16.61%	-11.52%	-5.09%
Max Drawdown (1Y) Largest decline over 1 year	-6.45%	-11.52%	+5.07%
Max Drawdown (3Y) Largest decline over 3 years	-16.61%	—	—
Current Drawdown Current decline from peak	-1.65%	-7.02%	+5.37%
Average Drawdown Average peak-to-trough decline	-2.50%	-1.58%	-0.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.97%	2.70%	-0.73%

Volatility

SNAV vs. AFOS - Volatility Comparison

The current volatility for Mohr Sector Nav ETF (SNAV) is 2.55%, while ARS Focused Opportunities Strategy ETF (AFOS) has a volatility of 7.83%. This indicates that SNAV experiences smaller price fluctuations and is considered to be less risky than AFOS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SNAV	AFOS	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.55%	7.83%	-5.28%
Volatility (6M) Calculated over the trailing 6-month period	8.24%	18.52%	-10.28%
Volatility (1Y) Calculated over the trailing 1-year period	11.27%	22.26%	-10.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.63%	21.80%	-8.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.63%	21.80%	-8.17%

SNAV vs. AFOS - Expense Ratio Comparison

SNAV has a 1.30% expense ratio, which is higher than AFOS's 0.45% expense ratio.

Dividends

SNAV vs. AFOS - Dividend Comparison

SNAV has not paid dividends to shareholders, while AFOS's dividend yield for the trailing twelve months is around 0.23%.

Position	TTM	2025	2024	2023
AFOS ARS Focused Opportunities Strategy ETF	0.23%	0.30%	0.00%	0.00%
SNAV Mohr Sector Nav ETF	0.00%	0.00%	0.94%	3.29%

Frequently Asked Questions

Can I hold both SNAV and AFOS in my portfolio?

SNAV and AFOS have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SNAV or AFOS?

AFOS has higher volatility (7.83%) compared to SNAV (2.55%). In terms of maximum drawdown, SNAV dropped -16.61% vs AFOS's -11.52%.

Which ETF is better, SNAV or AFOS?

On 1-year performance, AFOS leads with 67.10% vs 18.51% for SNAV. On fees, AFOS is cheaper at 0.45% per year. On volatility, SNAV has been the lower-risk option at 2.55%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SNAV or AFOS?

Over the 1-year period, AFOS has performed better with a 67.10% return vs 18.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SNAV or AFOS?

AFOS is cheaper with a 0.45% expense ratio, compared with 1.30% for SNAV.

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

AFOS has the higher dividend yield at 0.23%, compared with 0.00% for SNAV.

What is the main difference between SNAV and AFOS?

They also come from different issuers: Mohr Funds and ARS Investment Partners. Their fees differ too: 1.30% for SNAV and 0.45% for AFOS.

Which has better risk-adjusted returns?

AFOS currently has the higher Sharpe Ratio (3.03 vs 1.65), 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.