WZRD vs. AFOS

Last updated Jun 23, 2026

WZRD (Opportunistic Trader ETF) and AFOS (ARS Focused Opportunities Strategy ETF) are both Large Cap Blend Equities funds. At a 0.02 correlation, their price movements are largely independent. WZRD charges 1.07%/yr vs 0.45%/yr for AFOS.

Performance

WZRD vs. AFOS - Performance Comparison

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

Returns By Period

In the year-to-date period, WZRD achieves a -74.01% return, which is significantly lower than AFOS's 36.79% return.

WZRD

• 1D: 1.73%
• 1M: -25.12%
• YTD: -74.01%
• 6M: -74.33%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AFOS

• 1D: 0.72%
• 1M: 8.55%
• YTD: 36.79%
• 6M: 36.01%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WZRD vs. AFOS - Yearly Performance Comparison

	2026 (YTD)	2025
WZRD Opportunistic Trader ETF	-74.01%	-10.73%
AFOS ARS Focused Opportunities Strategy ETF	36.79%	37.10%

Correlation

The correlation between WZRD and AFOS is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025	0.02

Return for Risk

WZRD vs. AFOS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Opportunistic Trader ETF (WZRD) 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.

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

Drawdowns

WZRD vs. AFOS - Drawdown Comparison

The maximum WZRD drawdown since its inception was -79.25%, which is greater than AFOS's maximum drawdown of -11.52%. Use the drawdown chart below to compare losses from any high point for WZRD and AFOS.

Drawdown Indicators

	WZRD	AFOS	Difference
Max Drawdown Largest peak-to-trough decline	-79.25%	-11.52%	-67.73%
Current Drawdown Current decline from peak	-78.89%	0.00%	-78.89%
Average Drawdown Average peak-to-trough decline	-26.85%	-1.41%	-25.44%

Volatility

Volatility by Period

	WZRD	AFOS	Difference
Volatility (1Y) Calculated over the trailing 1-year period	56.33%	21.17%	+35.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	56.33%	21.17%	+35.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.33%	21.17%	+35.16%

WZRD vs. AFOS - Expense Ratio Comparison

WZRD has a 1.07% expense ratio, which is higher than AFOS's 0.45% expense ratio.

Dividends

WZRD vs. AFOS - Dividend Comparison

WZRD's dividend yield for the trailing twelve months is around 4.95%, more than AFOS's 0.22% yield.

Position	TTM	2025
AFOS ARS Focused Opportunities Strategy ETF	0.22%	0.30%
WZRD Opportunistic Trader ETF	4.95%	1.29%

Frequently Asked Questions

Can I hold both WZRD and AFOS in my portfolio?

WZRD and AFOS have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WZRD or AFOS?

On fees, AFOS 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, WZRD or AFOS?

AFOS is cheaper with a 0.45% expense ratio, compared with 1.07% for WZRD.

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

WZRD has the higher dividend yield at 4.95%, compared with 0.22% for AFOS.

What is the main difference between WZRD and AFOS?

They also come from different issuers: Opportunistic Trader and ARS Investment Partners. Their fees differ too: 1.07% for WZRD and 0.45% for AFOS.