VPX vs. ACEP

Last updated Jul 30, 2026

VPX (Variant Perception Cycle Aware US Equity ETF) and ACEP (ARS Core Equity Portfolio ETF) are both Large Cap Blend Equities funds. Both are actively managed. Their correlation of 0.83 means they have usually moved in the same direction. VPX charges 0.75%/yr vs 0.45%/yr for ACEP.

Performance

VPX vs. ACEP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Variant Perception Cycle Aware US Equity ETF (VPX) and ARS Core Equity Portfolio ETF (ACEP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

VPX

• 1D: -1.52%
• 1M: -0.60%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

ACEP

• 1D: -0.98%
• 1M: 0.12%
• 6M: 8.49%
• YTD: 20.64%
• 1Y: —
• 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)
ACEP ARS Core Equity Portfolio ETF	$40.05K	$33.44K	$48.30K
VPX Variant Perception Cycle Aware US Equity ETF	$182.48K	$205.20K	$111.23K

VPX vs. ACEP - Yearly Performance Comparison

	2026 (YTD)
VPX Variant Perception Cycle Aware US Equity ETF	18.21%
ACEP ARS Core Equity Portfolio ETF	12.35%

Correlation

The correlation between VPX and ACEP is 0.83, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 12, 2026	0.83

Return for Risk

VPX vs. ACEP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Variant Perception Cycle Aware US Equity ETF (VPX) and ARS Core Equity Portfolio ETF (ACEP). 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

VPX vs. ACEP - Drawdown Comparison

The maximum VPX drawdown since its inception was -5.91%, smaller than the maximum ACEP drawdown of -7.06%. Use the drawdown chart below to compare losses from any high point for VPX and ACEP.

Drawdown Indicators

	VPX	ACEP	Difference
Max Drawdown Largest peak-to-trough decline	-5.91%	-7.06%	+1.15%
Current Drawdown Current decline from peak	-2.39%	-3.65%	+1.26%
Average Drawdown Average peak-to-trough decline	-0.87%	-1.74%	+0.87%

Volatility

Volatility by Period

	VPX	ACEP	Difference
Volatility (1Y) Calculated over the trailing 1-year period	15.79%	16.95%	-1.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.79%	16.95%	-1.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.79%	16.95%	-1.16%

VPX vs. ACEP - Expense Ratio Comparison

VPX has a 0.75% expense ratio, which is higher than ACEP's 0.45% expense ratio.

Dividends

VPX vs. ACEP - Dividend Comparison

VPX has not paid dividends to shareholders, while ACEP's dividend yield for the trailing twelve months is around 0.11%.

Position	TTM	2025
ACEP ARS Core Equity Portfolio ETF	0.11%	0.14%
VPX Variant Perception Cycle Aware US Equity ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both VPX and ACEP in my portfolio?

VPX and ACEP have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VPX or ACEP?

On fees, ACEP 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, VPX or ACEP?

ACEP is cheaper with a 0.45% expense ratio, compared with 0.75% for VPX.

Which ETF pays a higher dividend yield, VPX or ACEP?

ACEP has the higher dividend yield at 0.11%, compared with 0.00% for VPX.

What is the main difference between VPX and ACEP?

They also come from different issuers: Variant Perception and ARS Investment Partners. Their fees differ too: 0.75% for VPX and 0.45% for ACEP.