TACK vs. ASGM

Last updated Jun 4, 2026

TACK (Fairlead Tactical Sector Fund) and ASGM (Virtus AlphaSimplex Global Macro ETF) are both Tactical Allocation funds. Both are actively managed. A 0.75 correlation means they provide meaningful diversification when combined. TACK charges 0.76%/yr vs 0.86%/yr for ASGM.

Performance

TACK vs. ASGM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fairlead Tactical Sector Fund (TACK) 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, TACK achieves a 4.86% return, which is significantly lower than ASGM's 22.52% return.

TACK

• 1D: 0.13%
• 1M: 1.95%
• YTD: 4.86%
• 6M: 5.12%
• 1Y: 13.26%
• 3Y*: 11.07%
• 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)

TACK vs. ASGM - Yearly Performance Comparison

	2026 (YTD)	2025
TACK Fairlead Tactical Sector Fund	4.86%	5.97%
ASGM Virtus AlphaSimplex Global Macro ETF	22.52%	11.57%

Correlation

The correlation between TACK and ASGM is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 6, 2025	0.75

Return for Risk

TACK vs. ASGM — Risk / Return Rank

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

TACK

TACK Risk / Return Rank: 41
TACK Sharpe Ratio Rank: 39
TACK Sortino Ratio Rank: 39
TACK Omega Ratio Rank: 36
TACK Calmar Ratio Rank: 46
TACK Martin Ratio Rank: 44

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.

TACK vs. ASGM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fairlead Tactical Sector Fund (TACK) 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.

	TACK	ASGM	Difference
Sharpe ratio: Return per unit of total volatility	1.41	—	—
Sortino ratio: Return per unit of downside risk	2.02	—	—
Omega ratio: Gain probability vs. loss probability	1.24	—	—
Calmar ratio: Return relative to maximum drawdown	2.28	—	—
Martin ratio: Return relative to average drawdown	7.16	—	—
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

	TACK	ASGM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.41	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	2.95	-2.33

Drawdowns

TACK vs. ASGM - Drawdown Comparison

The maximum TACK drawdown since its inception was -14.49%, which is greater than ASGM's maximum drawdown of -6.62%. Use the drawdown chart below to compare losses from any high point for TACK and ASGM.

Drawdown Indicators

	TACK	ASGM	Difference
Max Drawdown Largest peak-to-trough decline	-14.49%	-6.62%	-7.87%
Max Drawdown (1Y) Largest decline over 1 year	-5.85%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-14.49%	—	—
Current Drawdown Current decline from peak	-1.21%	-0.53%	-0.68%
Average Drawdown Average peak-to-trough decline	-4.23%	-1.22%	-3.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.86%	—	—

Volatility

Volatility by Period

	TACK	ASGM	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.43%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.06%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	9.46%	15.67%	-6.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.23%	15.67%	-4.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.23%	15.67%	-4.44%

TACK vs. ASGM - Expense Ratio Comparison

TACK has a 0.76% expense ratio, which is lower than ASGM's 0.86% expense ratio.

Dividends

TACK vs. ASGM - Dividend Comparison

TACK's dividend yield for the trailing twelve months is around 1.21%, less than ASGM's 3.69% yield.

Position	TTM	2025	2024	2023	2022
ASGM Virtus AlphaSimplex Global Macro ETF	3.69%	4.52%	0.00%	0.00%	0.00%
TACK Fairlead Tactical Sector Fund	1.21%	1.18%	1.26%	1.29%	0.89%

Frequently Asked Questions

Can I hold both TACK and ASGM in my portfolio?

TACK 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, TACK or ASGM?

On fees, TACK is cheaper at 0.76% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TACK or ASGM?

TACK is cheaper with a 0.76% expense ratio, compared with 0.86% for ASGM.

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

ASGM has the higher dividend yield at 3.69%, compared with 1.21% for TACK.

What is the main difference between TACK and ASGM?

They also come from different issuers: Fairlead and Virtus. Their fees differ too: 0.76% for TACK and 0.86% for ASGM.