SPCT vs. AFOS

Last updated Jun 5, 2026

SPCT (Liberty One Spectrum ETF) and AFOS (ARS Focused Opportunities Strategy ETF) are both Large Cap Blend Equities funds. At a 0.41 correlation, their price movements are largely independent. SPCT charges 0.85%/yr vs 0.45%/yr for AFOS.

Performance

SPCT vs. AFOS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Liberty One Spectrum ETF (SPCT) 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, SPCT achieves a 6.59% return, which is significantly lower than AFOS's 32.24% return.

SPCT

• 1D: 0.35%
• 1M: -0.82%
• YTD: 6.59%
• 6M: 5.82%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AFOS

• 1D: 0.15%
• 1M: 7.26%
• YTD: 32.24%
• 6M: 36.70%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SPCT vs. AFOS - Yearly Performance Comparison

	2026 (YTD)	2025
SPCT Liberty One Spectrum ETF	6.59%	1.56%
AFOS ARS Focused Opportunities Strategy ETF	32.24%	12.53%

Correlation

The correlation between SPCT and AFOS is 0.41, 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 Oct 1, 2025	0.41

Return for Risk

SPCT vs. AFOS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Liberty One Spectrum ETF (SPCT) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	SPCT	AFOS	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.34	4.35	-3.01

Drawdowns

SPCT vs. AFOS - Drawdown Comparison

The maximum SPCT drawdown since its inception was -7.17%, smaller than the maximum AFOS drawdown of -11.52%. Use the drawdown chart below to compare losses from any high point for SPCT and AFOS.

Drawdown Indicators

	SPCT	AFOS	Difference
Max Drawdown Largest peak-to-trough decline	-7.17%	-11.52%	+4.35%
Current Drawdown Current decline from peak	-2.15%	-0.14%	-2.01%
Average Drawdown Average peak-to-trough decline	-1.54%	-1.37%	-0.17%

Volatility

Volatility by Period

	SPCT	AFOS	Difference
Volatility (1Y) Calculated over the trailing 1-year period	9.34%	20.14%	-10.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.34%	20.14%	-10.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.34%	20.14%	-10.80%

SPCT vs. AFOS - Expense Ratio Comparison

SPCT has a 0.85% expense ratio, which is higher than AFOS's 0.45% expense ratio.

Dividends

SPCT vs. AFOS - Dividend Comparison

SPCT's dividend yield for the trailing twelve months is around 0.51%, more than AFOS's 0.22% yield.

Position	TTM	2025
AFOS ARS Focused Opportunities Strategy ETF	0.22%	0.30%
SPCT Liberty One Spectrum ETF	0.51%	0.16%

Frequently Asked Questions

Can I hold both SPCT and AFOS in my portfolio?

SPCT and AFOS have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPCT or AFOS?

On fees, AFOS is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPCT or AFOS?

AFOS is cheaper with a 0.45% expense ratio, compared with 0.85% for SPCT.

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

SPCT has the higher dividend yield at 0.51%, compared with 0.22% for AFOS.

What is the main difference between SPCT and AFOS?

They also come from different issuers: Liberty One and ARS Investment Partners. Their fees differ too: 0.85% for SPCT and 0.45% for AFOS.