VEMY vs. ASGM

Last updated Jun 25, 2026

VEMY (Virtus Stone Harbor Emerging Markets High Yield Bond ETF) and ASGM (Virtus AlphaSimplex Global Macro ETF) are both exchange-traded funds - VEMY is a Emerging Markets Bonds fund actively managed by Virtus, while ASGM is a Tactical Allocation fund actively managed by Virtus. Both are actively managed. A 0.55 correlation means they provide meaningful diversification when combined. VEMY charges 0.58%/yr vs 0.86%/yr for ASGM.

Performance

VEMY vs. ASGM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus Stone Harbor Emerging Markets High Yield Bond ETF (VEMY) 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, VEMY achieves a 6.30% return, which is significantly lower than ASGM's 16.02% return.

VEMY

• 1D: -0.05%
• 1M: 1.70%
• YTD: 6.30%
• 6M: 6.13%
• 1Y: 17.10%
• 3Y*: 15.09%
• 5Y*: —
• 10Y*: —

ASGM

• 1D: -1.31%
• 1M: -2.55%
• YTD: 16.02%
• 6M: 15.22%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VEMY vs. ASGM - Yearly Performance Comparison

	2026 (YTD)	2025
VEMY Virtus Stone Harbor Emerging Markets High Yield Bond ETF	6.30%	6.08%
ASGM Virtus AlphaSimplex Global Macro ETF	16.02%	11.08%

Correlation

The correlation between VEMY and ASGM is 0.55, 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 5, 2025	0.55

Return for Risk

VEMY vs. ASGM — Risk / Return Rank

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

VEMY

VEMY Risk / Return Rank: 91
VEMY Sharpe Ratio Rank: 92
VEMY Sortino Ratio Rank: 94
VEMY Omega Ratio Rank: 93
VEMY Calmar Ratio Rank: 86
VEMY Martin Ratio Rank: 92

ASGM

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

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.

VEMY vs. ASGM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus Stone Harbor Emerging Markets High Yield Bond ETF (VEMY) 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.

	VEMY	ASGM	Difference
Sharpe ratio: Return per unit of total volatility	2.83	—	—
Sortino ratio: Return per unit of downside risk	4.37	—	—
Omega ratio: Gain probability vs. loss probability	1.58	—	—
Calmar ratio: Return relative to maximum drawdown	4.29	—	—
Martin ratio: Return relative to average drawdown	20.31	—	—

Drawdowns

VEMY vs. ASGM - Drawdown Comparison

The maximum VEMY drawdown since its inception was -8.77%, which is greater than ASGM's maximum drawdown of -6.62%. Use the drawdown chart below to compare losses from any high point for VEMY and ASGM.

Drawdown Indicators

	VEMY	ASGM	Difference
Max Drawdown Largest peak-to-trough decline	-8.77%	-6.62%	-2.15%
Max Drawdown (1Y) Largest decline over 1 year	-4.00%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-6.57%	—	—
Current Drawdown Current decline from peak	-0.46%	-5.81%	+5.35%
Average Drawdown Average peak-to-trough decline	-1.29%	-1.36%	+0.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.84%	—	—

Volatility

Volatility by Period

	VEMY	ASGM	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.42%	—	—
Volatility (6M) Calculated over the trailing 6-month period	4.75%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	6.09%	17.04%	-10.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.60%	17.04%	-9.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.60%	17.04%	-9.44%

VEMY vs. ASGM - Expense Ratio Comparison

VEMY has a 0.58% expense ratio, which is lower than ASGM's 0.86% expense ratio.

Dividends

VEMY vs. ASGM - Dividend Comparison

VEMY's dividend yield for the trailing twelve months is around 8.21%, more than ASGM's 3.89% yield.

Position	TTM	2025	2024	2023
ASGM Virtus AlphaSimplex Global Macro ETF	3.89%	4.52%	0.00%	0.00%
VEMY Virtus Stone Harbor Emerging Markets High Yield Bond ETF	8.21%	8.89%	10.28%	9.55%

Frequently Asked Questions

Can I hold both VEMY and ASGM in my portfolio?

VEMY and ASGM have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VEMY or ASGM?

On fees, VEMY is cheaper at 0.58% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VEMY or ASGM?

VEMY is cheaper with a 0.58% expense ratio, compared with 0.86% for ASGM.

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

VEMY has the higher dividend yield at 8.21%, compared with 3.89% for ASGM.

What is the main difference between VEMY and ASGM?

VEMY is categorized as Emerging Markets Bonds, while ASGM is Tactical Allocation. Their fees differ too: 0.58% for VEMY and 0.86% for ASGM.