VSHY vs. ASGM
VSHY (Virtus Newfleet Short Duration High Yield Bond ETF) and ASGM (Virtus AlphaSimplex Global Macro ETF) are both exchange-traded funds - VSHY is a High Yield 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. VSHY charges 0.40%/yr vs 0.86%/yr for ASGM.
Performance
VSHY vs. ASGM - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, VSHY achieves a 1.75% return, which is significantly lower than ASGM's 22.52% return.
VSHY
- 1D
- -0.19%
- 1M
- 0.37%
- YTD
- 1.75%
- 6M
- 1.74%
- 1Y
- 6.40%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ASGM
- 1D
- -0.53%
- 1M
- 7.21%
- YTD
- 22.52%
- 6M
- 24.07%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VSHY vs. ASGM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
VSHY Virtus Newfleet Short Duration High Yield Bond ETF | 1.75% | 2.78% |
ASGM Virtus AlphaSimplex Global Macro ETF | 22.52% | 11.57% |
Correlation
The correlation between VSHY 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 6, 2025 | 0.55 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VSHY vs. ASGM — Risk / Return Rank
VSHY
ASGM
VSHY vs. ASGM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Newfleet Short Duration High Yield Bond ETF (VSHY) 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.
| VSHY | ASGM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.36 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.70 | — | — |
| Martin ratioReturn relative to average drawdown | 13.84 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| VSHY | ASGM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.89 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.88 | 2.95 | -1.07 |
Drawdowns
VSHY vs. ASGM - Drawdown Comparison
The maximum VSHY drawdown since its inception was -4.55%, smaller than the maximum ASGM drawdown of -6.62%. Use the drawdown chart below to compare losses from any high point for VSHY and ASGM.
Loading charts...
Drawdown Indicators
| VSHY | ASGM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.55% | -6.62% | +2.07% |
Max Drawdown (1Y)Largest decline over 1 year | -1.73% | — | — |
Current DrawdownCurrent decline from peak | -0.33% | -0.53% | +0.20% |
Average DrawdownAverage peak-to-trough decline | -0.42% | -1.22% | +0.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.46% | — | — |
Volatility
VSHY vs. ASGM - Volatility Comparison
Loading charts...
Volatility by Period
| VSHY | ASGM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.32% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.65% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.40% | 15.67% | -12.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.40% | 15.67% | -11.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.40% | 15.67% | -11.27% |
VSHY vs. ASGM - Expense Ratio Comparison
VSHY has a 0.40% expense ratio, which is lower than ASGM's 0.86% expense ratio.
Dividends
VSHY vs. ASGM - Dividend Comparison
VSHY's dividend yield for the trailing twelve months is around 6.41%, more than ASGM's 3.69% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
ASGM Virtus AlphaSimplex Global Macro ETF | 3.69% | 4.52% | 0.00% | 0.00% |
VSHY Virtus Newfleet Short Duration High Yield Bond ETF | 6.41% | 6.14% | 6.81% | 1.36% |
Frequently Asked Questions
VSHY 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.
On fees, VSHY is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VSHY is cheaper with a 0.40% expense ratio, compared with 0.86% for ASGM.
VSHY has the higher dividend yield at 6.41%, compared with 3.69% for ASGM.
VSHY is categorized as High Yield Bonds, while ASGM is Tactical Allocation. Their fees differ too: 0.40% for VSHY and 0.86% for ASGM.
Find the right allocation for VSHY and ASGM
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer