SSMG vs. ASGM

Last updated Aug 5, 2026

SSMG (Virtus Silvant Small/Mid Growth ETF) and ASGM (Virtus AlphaSimplex Global Macro ETF) are both exchange-traded funds - SSMG is a Mid Cap Growth Equities fund actively managed by Virtus, while ASGM is a Tactical Allocation fund actively managed by Virtus. Both are actively managed. Their 0.75 correlation means they have sometimes moved together and sometimes differently. SSMG charges 0.39%/yr vs 0.86%/yr for ASGM.

Performance

SSMG vs. ASGM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus Silvant Small/Mid Growth ETF (SSMG) and Virtus AlphaSimplex Global Macro ETF (ASGM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SSMG

• 1D: 3.18%
• 1M: -0.84%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

ASGM

• 1D: 1.49%
• 1M: 2.38%
• 6M: 12.01%
• YTD: 18.65%
• 1Y: 31.80%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*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)
ASGM Virtus AlphaSimplex Global Macro ETF	$8.29K	$15.16K	$26.32K
SSMG Virtus Silvant Small/Mid Growth ETF	$5.89K	$3.26K	$5.76K

SSMG vs. ASGM - Yearly Performance Comparison

	2026 (YTD)
SSMG Virtus Silvant Small/Mid Growth ETF	7.79%
ASGM Virtus AlphaSimplex Global Macro ETF	5.32%

Correlation

The correlation between SSMG and ASGM is 0.75, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 22, 2026	0.75

Return for Risk

SSMG vs. ASGM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus Silvant Small/Mid Growth ETF (SSMG) 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.

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.

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

Drawdowns

SSMG vs. ASGM - Drawdown Comparison

The maximum SSMG drawdown since its inception was -13.72%, which is greater than ASGM's maximum drawdown of -7.37%. Use the drawdown chart below to compare losses from any high point for SSMG and ASGM.

Drawdown Indicators

	SSMG	ASGM	Difference
Max Drawdown Largest peak-to-trough decline	-13.72%	-7.37%	-6.35%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.37%	—
Current Drawdown Current decline from peak	-4.83%	-3.68%	-1.15%
Average Drawdown Average peak-to-trough decline	-3.36%	-1.79%	-1.57%

Volatility

Volatility by Period

	SSMG	ASGM	Difference
Volatility (1Y) Calculated over the trailing 1-year period	28.58%	16.75%	+11.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.58%	16.75%	+11.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.58%	16.75%	+11.83%

SSMG vs. ASGM - Expense Ratio Comparison

SSMG has a 0.39% expense ratio, which is lower than ASGM's 0.86% expense ratio.

Dividends

SSMG vs. ASGM - Dividend Comparison

SSMG has not paid dividends to shareholders, while ASGM's dividend yield for the trailing twelve months is around 3.81%.

Position	TTM	2025
ASGM Virtus AlphaSimplex Global Macro ETF	3.81%	4.52%
SSMG Virtus Silvant Small/Mid Growth ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both SSMG and ASGM in my portfolio?

SSMG and ASGM have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SSMG or ASGM?

On fees, SSMG is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SSMG or ASGM?

SSMG is cheaper with a 0.39% expense ratio, compared with 0.86% for ASGM.

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

ASGM has the higher dividend yield at 3.81%, compared with 0.00% for SSMG.

What is the main difference between SSMG and ASGM?

SSMG is categorized as Mid Cap Growth Equities, while ASGM is Tactical Allocation. Their fees differ too: 0.39% for SSMG and 0.86% for ASGM.