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ASGM Virtus AlphaSimplex Global Macro ETF

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$31.90
−0.1% · 1 day, price
IQ’s readingComputed nightly from ETFIQ data. Not written live.

Over the year to Nov 4, 2026, ASGM returned 22.8%. When the S&P 500 fell, it fell 1.2 times as much.

What drove ASGM’s returns?Is a 0.86% fee low for a fund like ASGM?What do ASGM’s net flows of +$7.1m over the since Aug 2025 mean?
Global macro fund: takes positions across countries, currencies, interest rates and commodities on a view of the economyVirtus ↗Expense ratio 0.86%Fund assets $8.5m net assets, latest filing (Jul 31, 2026)First traded Aug 5, 2025SEC filings ↗Every Virtus fund ETFIQ coversDividend history

Promise check: Not measuredIts strategy, macro trading, states no objective ETFIQ can measure.

Compare with…Trading costsPut to the committeeaskIQ about ASGMAdd to portfolioFlowsAlerts

ASGM risk and return scorecard

vs its benchmark

Not measured: no ETF prices its benchmark (none named).

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records; risk-free rate: U.S. Treasury, Daily Treasury Bill Rates, 13-week coupon equivalent Method · Data

Money in and out

Net fund flows · Jul 31, 2026
12 months to Jul 31, 2026
+$7.1m
Since Aug 2025
+$7.1m
askIQ: what do these flows mean? ↗

What you earned

ASGM −4.6%: total return over one month to Nov 4, 2026.
ASGM−4.6%
ASGM +0.9%: total return over three months to Nov 4, 2026.
ASGM+0.9%
ASGM +1.9%: total return over six months to Nov 4, 2026.
ASGM+1.9%
ASGM +19.8%: total return over the year to Nov 4, 2026.
ASGM+19.8%
ASGM +22.8%: total return over one year to Nov 4, 2026.
ASGM+22.8%
ASGM +33.6%: total return since launch to Nov 4, 2026.
ASGM+33.6%
askIQ: what drove ASGM’s returns? ↗

How concentrated, and what does it cost?

+0.85
Correlation with the S&P 500
Report
+1.08
Beta to the S&P 500
Report
116.3%
Down-week capture
Report
+18.2 pts
Against T-bills, 52 weeks
Report
4.4%
12-month yield, capital gains included, on its starting price
Report
$1.2031
Last payment, ex-date Dec 22, 2025
Report
Sector mix
Cost against like funds
askIQ: is a 0.86% fee low for a fund like ASGM? ↗

More on ASGM

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Price and total return, 1 year

$31.90−0.1%1 day, priceClose, Nov 4, 2026

Total return adds every distribution, reinvested. Computed by ETFIQ from Tiingo daily prices.

Source: Tiingo end-of-day prices. Data as of Nov 4, 2026. Updated every trading night. Report a data error

ASGM returns by window: total return, cash paid and price change
WindowTotal returnS&P 500 (SPY)
1M Oct 5 – Nov 4, 2026−4.6%−1.0%
3M Aug 5 – Nov 4, 2026+0.9%−0.1%
6M May 6 – Nov 4, 2026+1.9%+5.0%
YTD Dec 31, 2025 – Nov 4, 2026+19.8%+13.3%
1Y Nov 4, 2025 – Nov 4, 2026+22.8%+14.8%
Since launch Aug 5, 2025 – Nov 4, 2026+33.6%+23.8%
Since launch, annualised Aug 5, 2025 – Nov 4, 2026+26.1%–

Total returns, distributions reinvested. Listed Aug 2025: no 3 years windows.

Source: Tiingo end-of-day prices, with distributions reinvested.

Fell more than the S&P 500
Fell more than the S&P 500ASGM in the 26 weeks SPY fell, year to Nov 4, 2026: SPY averaged −1.07%, ASGM −1.25%.SPY−1.07%ASGM−1.25%Average week when SPY fell: 26 of 52, year to Nov 4, 2026Fell more than the S&P 500ASGM in the 26 weeks SPY fell, year to Nov 4, 2026: SPY averaged −1.07%, ASGM −1.25%.SPY−1.07%ASGM−1.25%Average week when SPY fell

ASGM in the 26 weeks SPY fell, year to Nov 4, 2026: SPY averaged −1.07%, ASGM −1.25%.

Money in and out

Monthly data · as of Jul 31, 2026

ASGM: in the month to Jul 31, 2026, nothing net moved, by its SEC filing.

12 months
+$7.1m
Aug 1, 2025 to Jul 31, 2026
monthly, from SEC filings
Since Aug 2025
+$7.1m
Aug 1, 2025 to Jul 31, 2026
monthly, from SEC filings

Computed by ETFIQ from the monthly sales and redemptions ASGM files with the SEC on Form N-PORT.

How this is computed

ETFIQ reads no daily data for this fund, so its flows are monthly, and the latest month filed is Jul 2026. Every day and month ETFIQ holds for ASGM, back to Aug 2025, is in its flows file. Flows across every fund · How these flows are computed · Compare ASGM with other funds in the flows tool

Month by month, money in and money outAug 2025 to Jul 2026

ASGM, money in and money out each month from Aug 2025 to Jul 2026: two bars a month, money in above the line and money out below. Every bar is from ASGM’s SEC filings (N-PORT item B.6). Of the 12 months listed, money came in on net in 3 and went out in 0.

Every bar is from ASGM’s SEC filings (N-PORT item B.6). Of the 12 months listed, money came in on net in 3 and went out in 0.

MonthInOutNet
Jul 2026 SEC Form N-PORT$0$0$0
Jun 2026 SEC Form N-PORT+$788k$0+$788k
May 2026 SEC Form N-PORT$0$0$0
Apr 2026 SEC Form N-PORT$0$0$0
Mar 2026 SEC Form N-PORT$0$0$0
Feb 2026 SEC Form N-PORT$0$0$0
Jan 2026 SEC Form N-PORT$0$0$0
Dec 2025 SEC Form N-PORT+$683k$0+$683k
Nov 2025 SEC Form N-PORT$0$0$0
Oct 2025 SEC Form N-PORT$0$0$0
Sep 2025 SEC Form N-PORT$0$0$0
Aug 2025 SEC Form N-PORT+$5.6m$0+$5.6m

Most recent first.

How this is computed

N-PORT months: money in is sales plus reinvestments; money out is redemptions.

N-PORT months are the filed sales plus reinvestments less redemptions. Later months add up the daily data; the Source column names any missing day.

Source: ETFIQ, from the fund’s SEC N-PORT filings. Data as of Jul 31, 2026. Updated when the fund files its next report.

ASGM key stats

52-week high, daily closes to Nov 4, 2026 (ETFIQ)$33.61 on Oct 12, 2026
52-week low, daily closes to Nov 4, 2026 (ETFIQ)$26.32 on Nov 20, 2025
Close on Nov 4, 2026, within that range (ETFIQ)$31.90, 76% of the way from the low to the high
Range, beta and R-squared computed by ETFIQ from Tiingo daily prices.

Trading

as of Nov 4, 2026
Trading · ASGMas of Nov 4, 2026
·
Not scored0 of 6 measured · Nov 4, 2026
0 · Hard to tradeIQ Liquidity Score100 · Trades like a giant
Cost for your order · one way, half its 30-day median spread
How to tradeSpread not read.
Full trading page: components, premium history, dealers →

ASGM for holders outside the US

US tax withheld on dividends, no treaty30%
Treaty rates on dividends (IRS table, read Oct 30, 2026)65 countries, 10% to 30%
ASGM interest-related and short-term gain dividendsnot read by ETFIQ
US estate tax filing threshold, non-resident holders$60,000
Share classDistributing

ASGM is a US fund. Stock of US corporations counts as US property for a non-resident's estate. Facts from the IRS, not tax advice. How withholding and treaties work

About ASGM

IssuerVirtus
Strategy (ETFIQ, from its prospectus)Global macro
Expense ratio (485BPOS XBRL, Jun 4, 2025)0.86%Report
Net assets (SEC N-PORT, whole fund, as filed for Jul 31, 2026)$8.5mReport
Stated benchmarksWilshire 5000 Total Market Index, ICE BofA US 3-Month Treasury Bill Index (from its shareholder report). It does not say which one applies, so ETFIQ prices none.
Weeks measured52, from Nov 5, 2025 to Nov 4, 2026
Weeks the S&P 500 fell26
The S&P 500 in those weeks, on average−1.07%
ASGM in those weeks, on average−1.25%
ASGM total return over those weeks+21.9%
T-bills (BIL) over the same weeks+3.7%
When stocks fellS&P 500 −4.9% in March 2026; ASGM −4.3%
Weekly correlation with the S&P 500+0.85, 52 weeks to Nov 4, 2026
First tradedAug 5, 2025
Days traded316
Quotedon an exchange, every trading day
How we measure
Weekly closes from Tiingo with distributions reinvested, 52 weeks to the same date for the fund, SPY and BIL. ETFIQ calculation. Method
IQ Investment Committee on ASGM

12 seats on ASGM, as of Nov 4, 2026: 1 Mixed, 2 Challenges, 8 Not enough data, 1 Does not apply.

In the tradition ofJohn BogleBogle-style Low CostChallenges
In the tradition ofBenjamin GrahamGraham-style Margin of SafetyNot enough data
In the tradition ofWarren Buffett & Charlie MungerBuffett & Munger-style QualityNot enough data
In the tradition ofPeter LynchLynch-style Growth at a Reasonable PriceNot enough data
In the tradition ofJohn TempletonTempleton-style Global ContrarianNot enough data
In the tradition ofRay DalioDalio-style All-WeatherNot enough data
In the tradition ofHoward MarksMarks-style Cycles & RiskNot enough data
In the tradition ofStanley DruckenmillerDruckenmiller-style Macro & LiquidityDoes not apply
In the tradition ofDavid SwensenSwensen-style DiversificationChallenges
In the tradition ofCathie WoodWood-style Disruptive InnovationNot enough data
In the tradition ofJesse LivermoreLivermore-style Trend FollowingMixed
Uses ETFIQ’s measuresThe ETFIQ SkepticETFIQ’s own seatNot enough data
Put ASGM to the committee →See all seats →No investor named is affiliated with or endorses ETFIQ. Not investment advice.

Questions people ask about ASGM

Does ASGM move with the S&P 500?
Over the year to Nov 4, 2026, ASGM’s weekly returns had a correlation of +0.85 with the S&P 500’s, on a scale where 1 moves in step, 0 shows no pattern and −1 moves opposite. Its beta was +1.08, so for each 1% the index moved it moved about 1.08% the same way.
What did ASGM do when stocks fell?
The S&P 500 fell in 26 of the 52 weeks to Nov 4, 2026, by 1.07% on average. In those weeks ASGM fell 1.25% on average, a down-week capture of 116.3%.
Did ASGM earn more than cash?
Over the same 52 weeks ASGM returned +21.9% with distributions reinvested, and BIL, a fund of Treasury bills, returned +3.7%. ASGM finished 18.2 percentage points ahead of it.
What does ASGM cost?
The prospectus expense ratio is 0.86% a year.
Why is ASGM listed as global macro?
ETFIQ files each fund by what its own prospectus says it does, and ASGM’s, filed Jun 4, 2025, describes a global macro fund.
Sources and dates
Prices, ASGM and S&P 500 (SPY)Prices, Tiingo end of day ↗
Fee, 0.86%Prospectus filing with the expense ratio (SEC) ↗
Net assets, $8.5mSEC N-PORT, whole fund · Jul 31, 2026
SourceProspectus the strategy was read from (SEC) ↗
IssuerVirtus website ↗
All fund filingsFund filings on SEC EDGAR ↗

Links are sources, not endorsements.

Method →Standards and sources →Open data →
Cite this pageCitation, APA and Markdown

ETFIQ, ASGM, alternatives ETFs, data as of Nov 4, 2026. https://etfiq.com/funds/asgm

The down-week bars for ASGM, redrawn every trading night.

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.

Correlation
How closely the fund’s weekly returns moved with the S&P 500’s over the last year, from −1 to 1. At 1 the two rise and fall together, at 0 there is no pattern, and below 0 the fund tended to move the other way.
Beta
How far the fund moved, on average, for each 1% move in the S&P 500 over the same weeks. At 0.3 it moved about 0.3% the same way; below 0 it moved the other way.
Down week
A week in which the S&P 500 fell, measured through SPY with dividends reinvested. A week that ended exactly level is not a down week.
Down-week capture
The fund’s average return in the S&P 500’s down weeks as a share of the index’s own average in those weeks. At 100% it fell as much, at 50% half as much, and below zero it rose. It is weekly and covers one year, so it is not the same number as Morningstar’s downside capture.
Against T-bills
The fund’s total return minus a short Treasury bill fund’s (BIL) over the same year, in percentage points. A fund can steady a portfolio and still earn less than cash.
Full definitions: alternatives ETFs vocabulary page. →
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ASGM: ASGM in the 26 weeks SPY fell, year to Nov 4, 2026: SPY averaged −1.07%, ASGM −1.25%.
<figure style="margin:0;max-width:640px">
<iframe src="https://etfiq.com/embed/alternatives/asgm/" title="ASGM: ASGM in the 26 weeks SPY fell, year to Nov 4, 2026: SPY averaged −1.07%, ASGM −1.25%." width="640" height="334" loading="lazy" style="border:0;max-width:100%;width:100%"></iframe>
<figcaption style="font:13px/1.5 sans-serif">ASGM: ASGM in the 26 weeks SPY fell, year to Nov 4, 2026: SPY averaged −1.07%, ASGM −1.25%. Data: <a href="https://etfiq.com/funds/asgm">ETFIQ</a></figcaption>
</figure>

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Snapshot, Nov 4, 2026. More on the tabs above.