TEMD vs. AFOS

Last updated Jul 10, 2026

TEMD (Templeton Emerging Markets Debt ETF) and AFOS (ARS Focused Opportunities Strategy ETF) are both exchange-traded funds - TEMD is a Actively Managed fund actively managed by Franklin Templeton Investments, while AFOS is a Large Cap Blend Equities fund managed by ARS Investment Partners. A 0.57 correlation means they provide meaningful diversification when combined. Both charge a 0.45% expense ratio.

Performance

TEMD vs. AFOS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Templeton Emerging Markets Debt ETF (TEMD) and ARS Focused Opportunities Strategy ETF (AFOS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TEMD

• 1D: -0.12%
• 1M: 1.76%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AFOS

• 1D: 1.12%
• 1M: 4.27%
• 6M: 26.78%
• YTD: 31.59%
• 1Y: 74.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TEMD vs. AFOS - Yearly Performance Comparison

	2026 (YTD)
TEMD Templeton Emerging Markets Debt ETF	2.45%
AFOS ARS Focused Opportunities Strategy ETF	20.79%

Correlation

The correlation between TEMD and AFOS is 0.57, 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 Jan 22, 2026	0.57

Return for Risk

TEMD vs. AFOS — Risk / Return Rank

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

TEMD

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

AFOS

AFOS Risk / Return Rank: 95
AFOS Sharpe Ratio Rank: 96
AFOS Sortino Ratio Rank: 94
AFOS Omega Ratio Rank: 94
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.

TEMD vs. AFOS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Templeton Emerging Markets Debt ETF (TEMD) 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.

	TEMD	AFOS	Difference
Sharpe ratio: Return per unit of total volatility	—	3.39	—
Sortino ratio: Return per unit of downside risk	—	4.08	—
Omega ratio: Gain probability vs. loss probability	—	1.55	—
Calmar ratio: Return relative to maximum drawdown	—	6.48	—
Martin ratio: Return relative to average drawdown	—	28.69	—

Drawdowns

TEMD vs. AFOS - Drawdown Comparison

The maximum TEMD drawdown since its inception was -4.34%, smaller than the maximum AFOS drawdown of -11.52%. Use the drawdown chart below to compare losses from any high point for TEMD and AFOS.

Drawdown Indicators

	TEMD	AFOS	Difference
Max Drawdown Largest peak-to-trough decline	-4.34%	-11.52%	+7.18%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.52%	—
Current Drawdown Current decline from peak	-0.36%	-3.80%	+3.44%
Average Drawdown Average peak-to-trough decline	-1.20%	-1.51%	+0.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.60%	—

Volatility

Volatility by Period

	TEMD	AFOS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.29%	—
Volatility (6M) Calculated over the trailing 6-month period	—	18.42%	—
Volatility (1Y) Calculated over the trailing 1-year period	5.95%	22.00%	-16.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.95%	21.74%	-15.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.95%	21.74%	-15.79%

TEMD vs. AFOS - Expense Ratio Comparison

Both TEMD and AFOS have an expense ratio of 0.45%.

Dividends

TEMD vs. AFOS - Dividend Comparison

TEMD's dividend yield for the trailing twelve months is around 3.06%, more than AFOS's 0.23% yield.

Position	TTM	2025
AFOS ARS Focused Opportunities Strategy ETF	0.23%	0.30%
TEMD Templeton Emerging Markets Debt ETF	3.06%	0.00%

Frequently Asked Questions

Can I hold both TEMD and AFOS in my portfolio?

TEMD and AFOS have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TEMD or AFOS?

Both ETFs have the same 0.45% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TEMD or AFOS?

TEMD and AFOS have the same expense ratio: 0.45% per year.

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

TEMD has the higher dividend yield at 3.06%, compared with 0.23% for AFOS.

What is the main difference between TEMD and AFOS?

TEMD is categorized as Actively Managed, while AFOS is Large Cap Blend Equities. They also come from different issuers: Franklin Templeton Investments and ARS Investment Partners.