Data as of Nov 4, 2026.
ASMF vs RSST: Correlation to the S&P 500
Over the year to Nov 4, 2026, ASMF moved less with the S&P 500 than RSST: correlation +0.40 against +0.85.
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Net assets on Jul 31, 2026: $30m for Virtus AlphaSimplex Managed Futures ETF and $480m for Return Stacked U.S. Stocks & Managed Futures ETF.
ASMF in the 26 weeks SPY fell, year to Nov 4, 2026: SPY averaged −1.07%, ASMF −0.49%.
RSST in the 26 weeks SPY fell, year to Nov 4, 2026: SPY averaged −1.07%, RSST −1.76%.
Pair scorecard
ASMF costs 0.19 points a year less; their one-year returns differ by 10.1 points; RSST is 16.0 times larger.
| Measure | ASMF | RSST |
|---|---|---|
| Return | ||
| Total return, 1 year | +13.2% | +23.3% |
| Against its benchmark | ||
| Treasury bills, 52 weeks | +3.7% | |
| Cost and size | ||
| Expense ratio | 0.80% | 0.99% |
| Net assets, as of Jul 31, 2026 | $30m | $480m |
| Holdings | ||
| Holdings in common | not published | |
| Risk | ||
| Beta to the S&P 500 | +0.32: about 0.32% for each 1% | +1.45: about 1.45% for each 1% |
| Its average week when the S&P 500 fell | fell 0.49% | fell 1.76% |
How much it diversifies a stock portfolio, ranked against 17 systematic trend alternatives ETFs with a full year. 100 is best. How it is computed
One year of weekly moves against the S&P 500, within one strategy; it ignores what the fund returned. All alternatives ETFs ranked by it →
Window by window
| Total return | vs its benchmark | |||
|---|---|---|---|---|
| Window | ASMF | RSST | ASMF | RSST |
| 3 months | +2.5% | +0.9% | not measured | +1.0 pts vs VOO |
| 6 months | +1.1% | +3.0% | not measured | −2.0 pts vs VOO |
| 1 year | +13.2% | +23.3% | not measured | +8.5 pts vs VOO |
| 3 years | – | +80.1% | – | −3.2 pts vs VOO |
| Since launchNot the same days: ASMF May 2024 · RSST Sep 2023 | +6.6% | +71.0% | not measured | −8.2 pts vs VOO |
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Side by side
As of Nov 4, 2026. Source: ETFIQ.
One strategy, two funds
ASMF and RSST both run a managed futures strategy. Over the same 52 weeks to Nov 4, 2026, ASMF’s weekly returns had a correlation of +0.40 with the S&P 500 and RSST’s +0.85. In the 26 weeks the index fell, by 1.07% a week on average, ASMF averaged −0.49% and RSST −1.76%. Over the same weeks, ASMF finished 9.2 percentage points ahead of cash and RSST finished 18.9 points ahead of cash.
ASMF
ASMF is a managed futures fund. ETFIQ measures what every alternatives fund is sold on: whether it moves differently from the stock market. Over the year to Nov 4, 2026, its weekly returns had a correlation of +0.40 with the S&P 500’s and a beta of +0.32, so for each 1% the index moved it moved about 0.32% the same way. The S&P 500 fell in 26 of those 52 weeks, by 1.07% on average. In the same weeks ASMF fell 0.49% on average, a down-week capture of 45.9%. Over the same 52 weeks ASMF returned +12.9% and a Treasury bill fund +3.7%, so it finished 9.2 percentage points ahead of cash.
RSST
RSST is a managed futures fund. Over the year to Nov 4, 2026, its weekly returns had a correlation of +0.85 with the S&P 500’s and a beta of +1.45, so for each 1% the index moved it moved about 1.45% the same way. In the same weeks RSST fell 1.76% on average, a down-week capture of 164.8%. Over the same 52 weeks RSST returned +22.5% and a Treasury bill fund +3.7%, so it finished 18.9 percentage points ahead of cash.
Questions people ask
- Which moved less with the S&P 500, ASMF or RSST?
- Over the 52 weeks to Nov 4, 2026, ASMF’s weekly returns had a correlation of +0.40 with the S&P 500 and RSST’s +0.85, so ASMF moved less with the index.
- Which did better when the S&P 500 fell, ASMF or RSST?
- In the 26 weeks the S&P 500 fell, by 1.07% a week on average, ASMF averaged −0.49% and RSST −1.76%, so ASMF returned more in those weeks.
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How this is computed
It is a place in a set, not a rating or a recommendation.
Every number is an ETFIQ calculation with distributions reinvested.
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ETFIQ, ASMF against RSST, data as of Nov 4, 2026. https://etfiq.com/compare/alternatives/asmf-vs-rsst
ETFIQ. (Nov 4, 2026). ASMF against RSST. Retrieved from https://etfiq.com/compare/alternatives/asmf-vs-rsst
[ASMF against RSST (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/alternatives/asmf-vs-rsst)
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