ZECP vs. AFOS

Last updated Jun 4, 2026

ZECP (Zacks Earnings Consistent Portfolio ETF) and AFOS (ARS Focused Opportunities Strategy ETF) are both Large Cap Blend Equities funds. A 0.64 correlation means they provide meaningful diversification when combined. ZECP charges 0.55%/yr vs 0.45%/yr for AFOS.

Performance

ZECP vs. AFOS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Zacks Earnings Consistent Portfolio ETF (ZECP) 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, ZECP achieves a 6.36% return, which is significantly lower than AFOS's 32.04% return.

ZECP

• 1D: -0.48%
• 1M: 2.51%
• YTD: 6.36%
• 6M: 5.67%
• 1Y: 20.73%
• 3Y*: 15.85%
• 5Y*: —
• 10Y*: —

AFOS

• 1D: -0.29%
• 1M: 8.94%
• YTD: 32.04%
• 6M: 37.37%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ZECP vs. AFOS - Yearly Performance Comparison

	2026 (YTD)	2025
ZECP Zacks Earnings Consistent Portfolio ETF	6.36%	11.00%
AFOS ARS Focused Opportunities Strategy ETF	32.04%	36.15%

Correlation

The correlation between ZECP and AFOS is 0.64, 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 Jun 27, 2025	0.64

Return for Risk

ZECP vs. AFOS — Risk / Return Rank

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

ZECP

ZECP Risk / Return Rank: 59
ZECP Sharpe Ratio Rank: 59
ZECP Sortino Ratio Rank: 63
ZECP Omega Ratio Rank: 56
ZECP Calmar Ratio Rank: 51
ZECP Martin Ratio Rank: 64

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.

ZECP vs. AFOS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Zacks Earnings Consistent Portfolio ETF (ZECP) 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.

	ZECP	AFOS	Difference
Sharpe ratio Return per unit of total volatility	1.98	—	—
Sortino ratio Return per unit of downside risk	2.94	—	—
Omega ratio Gain probability vs. loss probability	1.35	—	—
Calmar ratio Return relative to maximum drawdown	2.50	—	—
Martin ratio Return relative to average drawdown	11.46	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	ZECP	AFOS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.98	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	4.35	-3.71

Drawdowns

ZECP vs. AFOS - Drawdown Comparison

The maximum ZECP drawdown since its inception was -21.86%, which is greater than AFOS's maximum drawdown of -11.52%. Use the drawdown chart below to compare losses from any high point for ZECP and AFOS.

Drawdown Indicators

	ZECP	AFOS	Difference
Max Drawdown Largest peak-to-trough decline	-21.86%	-11.52%	-10.34%
Max Drawdown (1Y) Largest decline over 1 year	-8.32%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-15.47%	—	—
Current Drawdown Current decline from peak	-0.51%	-0.29%	-0.22%
Average Drawdown Average peak-to-trough decline	-5.51%	-1.37%	-4.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.81%	—	—

Volatility

Volatility by Period

	ZECP	AFOS	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.14%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.08%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.51%	20.19%	-9.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.65%	20.19%	-5.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.65%	20.19%	-5.54%

ZECP vs. AFOS - Expense Ratio Comparison

ZECP has a 0.55% expense ratio, which is higher than AFOS's 0.45% expense ratio.

Dividends

ZECP vs. AFOS - Dividend Comparison

ZECP's dividend yield for the trailing twelve months is around 0.74%, more than AFOS's 0.22% yield.

Position	TTM	2025	2024	2023	2022	2021
AFOS ARS Focused Opportunities Strategy ETF	0.22%	0.30%	0.00%	0.00%	0.00%	0.00%
ZECP Zacks Earnings Consistent Portfolio ETF	0.74%	0.79%	0.63%	0.73%	0.91%	0.11%

Frequently Asked Questions

Can I hold both ZECP and AFOS in my portfolio?

ZECP and AFOS have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ZECP 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, ZECP or AFOS?

AFOS is cheaper with a 0.45% expense ratio, compared with 0.55% for ZECP.

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

ZECP has the higher dividend yield at 0.74%, compared with 0.22% for AFOS.

What is the main difference between ZECP and AFOS?

They also come from different issuers: Zacks and ARS Investment Partners. Their fees differ too: 0.55% for ZECP and 0.45% for AFOS.