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ASMF Virtus AlphaSimplex Managed Futures ETF

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$26.22
−1.4% · 1 day, price
IQ’s readingComputed nightly from ETFIQ data. Not written live.

Over the year to Nov 4, 2026, ASMF returned 13.2%. When the S&P 500 fell, it fell 46% as much.

What drove ASMF’s returns?Is a 0.80% fee low for a fund like ASMF?What do ASMF’s net flows of +$27.0m over the since May 2024 mean?
Managed futures fund: follows price trends in futures on stocks, bonds, currencies and commodities, and can bet on falls as well as risesVirtus ↗Expense ratio 0.80%Fund assets $30m net assets, latest filing (Jul 31, 2026)First traded May 16, 2024SEC filings ↗Every Virtus fund ETFIQ coversDividend history

Promise check: Not measuredIts strategy, systematic trend, states no objective ETFIQ can measure.

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

ASMF 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
+$9.3m
Since May 2024
+$27.0m
askIQ: what do these flows mean? ↗

What you earned

ASMF −5.2%: total return over one month to Nov 4, 2026.
ASMF−5.2%
ASMF +2.5%: total return over three months to Nov 4, 2026.
ASMF+2.5%
ASMF +1.1%: total return over six months to Nov 4, 2026.
ASMF+1.1%
ASMF +9.3%: total return over the year to Nov 4, 2026.
ASMF+9.3%
ASMF +13.2%: total return over one year to Nov 4, 2026.
ASMF+13.2%
ASMF +6.6%: total return since launch to Nov 4, 2026.
ASMF+6.6%
askIQ: what drove ASMF’s returns? ↗

How concentrated, and what does it cost?

+0.40
Correlation with the S&P 500
Report
+0.32
Beta to the S&P 500
Report
45.9%
Down-week capture
Report
+9.2 pts
Against T-bills, 52 weeks
Report
0.2%
12-month yield, capital gains included, on its starting price
Report
$0.0517
Last payment, ex-date Dec 22, 2025
Report
Sector mix
Cost against like funds
askIQ: is a 0.80% fee low for a fund like ASMF? ↗

More on ASMF

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Price, 1 year

$26.22−1.4%1 day, priceClose, Nov 4, 2026

Price only. Total return over the same days, distributions reinvested, was +13.2%. 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

ASMF returns by window: total return, cash paid and price change
WindowTotal returnS&P 500 (SPY)
1M Oct 5 – Nov 4, 2026−5.2%−1.0%
3M Aug 5 – Nov 4, 2026+2.5%−0.1%
6M May 6 – Nov 4, 2026+1.1%+5.0%
YTD Dec 31, 2025 – Nov 4, 2026+9.3%+13.3%
1Y Nov 4, 2025 – Nov 4, 2026+13.2%+14.8%
Since launch May 16, 2024 – Nov 4, 2026+6.6%+49.3%
Since launch, annualised May 16, 2024 – Nov 4, 2026+2.6%–

Total returns, distributions reinvested. Listed May 2024: no 3 years windows.

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

Fell 46% as much as the S&P 500
Fell 46% as much as the S&P 500ASMF in the 26 weeks SPY fell, year to Nov 4, 2026: SPY averaged −1.07%, ASMF −0.49%.SPY−1.07%ASMF−0.49%Average week when SPY fell: 26 of 52, year to Nov 4, 2026Fell 46% as much as the S&P 500ASMF in the 26 weeks SPY fell, year to Nov 4, 2026: SPY averaged −1.07%, ASMF −0.49%.SPY−1.07%ASMF−0.49%Average week when SPY fell

ASMF in the 26 weeks SPY fell, year to Nov 4, 2026: SPY averaged −1.07%, ASMF −0.49%.

53.0
IQ Alternatives ScoreETFIQ Stock Diversification Score8th of 17 · Nov 4, 2026
2.9 · lowest of 17 systematic trend alternatives ETFs with a full year94.2 · highest

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

ASMF’s weekly returns had a correlation of +0.40 with the S&P 500, and in the weeks the index fell its down-week capture was 45.9%. Over the same 52 weeks it finished 9.2 points ahead of T-bills.

correlation with the S&P 500+0.40 · 56th pct
down-week capture against the S&P 50045.9% · 50th pct
All 17 ranked by this score →

Money in and out

Monthly data · as of Jul 31, 2026

ASMF: in the month to Jul 31, 2026, net $1.3m went out, by its SEC filing.

12 months
+$9.3m
57.5% of $16.1m on Jul 31, 2025
Aug 1, 2025 to Jul 31, 2026
monthly, from SEC filings
Since May 2024
+$27.0m
May 1, 2024 to Jul 31, 2026
monthly, from SEC filings

Computed by ETFIQ from the monthly sales and redemptions ASMF 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 ASMF, back to May 2024, is in its flows file. Flows across every fund · How these flows are computed · Compare ASMF with other funds in the flows tool

Month by month, money in and money outMay 2024 to Jul 2026

ASMF, money in and money out each month from May 2024 to Jul 2026: two bars a month, money in above the line and money out below. Every bar is from ASMF’s SEC filings (N-PORT item B.6). Of the 27 months listed, money came in on net in 17 and went out in 6.

Every bar is from ASMF’s SEC filings (N-PORT item B.6). Of the 27 months listed, money came in on net in 17 and went out in 6.

MonthInOutNet
Jul 2026 SEC Form N-PORT$0−$1.3m−$1.3m
Jun 2026 SEC Form N-PORT+$654k−$651k+$3k
May 2026 SEC Form N-PORT+$657k−$656k+$1k
Apr 2026 SEC Form N-PORT$0$0$0
Mar 2026 SEC Form N-PORT+$1.9m$0+$1.9m
Feb 2026 SEC Form N-PORT+$640k−$5.2m−$4.6m
Jan 2026 SEC Form N-PORT+$1.2m$0+$1.2m
Dec 2025 SEC Form N-PORT+$591k−$599k−$9k
Nov 2025 SEC Form N-PORT+$578k$0+$578k
Oct 2025 SEC Form N-PORT+$2.3m−$590k+$1.8m
Sep 2025 SEC Form N-PORT+$2.9m−$2.9m+$21k
Aug 2025 SEC Form N-PORT+$10.2m−$570k+$9.6m
Jul 2025 SEC Form N-PORT+$1.1m−$3.4m−$2.3m
Jun 2025 SEC Form N-PORT+$1.7m−$2.2m−$562k
May 2025 SEC Form N-PORT+$1.7m−$12.9m−$11.2m
Apr 2025 SEC Form N-PORT+$16.2m−$546k+$15.7m
Mar 2025 SEC Form N-PORT$0$0$0
Feb 2025 SEC Form N-PORT+$1.2m$0+$1.2m
Jan 2025 SEC Form N-PORT+$2.4m$0+$2.4m
Dec 2024 SEC Form N-PORT+$2.4m$0+$2.4m
Nov 2024 SEC Form N-PORT$0$0$0
Oct 2024 SEC Form N-PORT+$605k$0+$605k
Sep 2024 SEC Form N-PORT+$619k$0+$619k
Aug 2024 SEC Form N-PORT$0$0$0
Jul 2024 SEC Form N-PORT+$1.3m$0+$1.3m
Jun 2024 SEC Form N-PORT+$1.3m$0+$1.3m
May 2024 SEC Form N-PORT+$6.3m$0+$6.3m

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.

ASMF key stats

52-week high, daily closes to Nov 4, 2026 (ETFIQ)$27.67 on Oct 12, 2026
52-week low, daily closes to Nov 4, 2026 (ETFIQ)$22.99 on Nov 20, 2025
Close on Nov 4, 2026, within that range (ETFIQ)$26.22, 69% of the way from the low to the high
Range, beta and R-squared computed by ETFIQ from Tiingo daily prices.

Trading

as of Oct 14, 2025
Trading · ASMFas of Oct 14, 2025
·
Not scored1 of 6 measured · Oct 14, 2025
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 →

ASMF 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%
ASMF interest-related and short-term gain dividendsnot read by ETFIQ
US estate tax filing threshold, non-resident holders$60,000
Share classDistributing

ASMF 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

How much does it diversify a stock portfolio?

Correlation with the S&P 500
CTA −0.14KMLM −0.12FFUT +0.09FMF +0.16HFMF +0.18DBMF +0.26IMF +0.38AHLT +0.47ISMF +0.48RSBT +0.52MFUT +0.54WTMF +0.62HOLD +0.66TFPN +0.75PRAE +0.79RSST +0.85ASMF +0.40ASMF +0.40−0.14+0.85
−0.14 to +0.85 across 17 · Its percentile 55.9 · Weight 50%

55.9% of the 17 sit at or above ASMF on this measure.

Down-week capture against the S&P 500
KMLM −16.3%CTA 5.3%FMF 9.9%IMF 13.0%FFUT 13.6%DBMF 32.9%WTMF 34.4%ISMF 35.9%HFMF 56.2%RSBT 74.4%AHLT 81.7%MFUT 89.9%PRAE 120.0%HOLD 120.5%TFPN 123.6%RSST 164.8%ASMF 45.9%ASMF 45.9%−16.3%164.8%
−16.3% to 164.8% across 17 · Its percentile 50 · Weight 50%

50% of the 17 sit at or above ASMF on this measure.

Weighted evenly, those two positions are what the score combines, across the 17 systematic trend alternatives ETFs with a full year. Neither spread above is the score: a fund can sit further right on one and score lower.

One year of weekly moves against the S&P 500, within one strategy; it ignores what the fund returned. Where the fund sits in this set, not a rating. Do not average it with another category's score.

What the score is computed from
ASMF: What the score is computed from
What it measuresThis fundIts percentileWeight
correlation with the S&P 500+0.4055.950%
down-week capture against the S&P 50045.9%5050%

About ASMF

IssuerVirtus
Strategy (ETFIQ, from its prospectus)Managed futures
Expense ratio (485BPOS XBRL, Nov 25, 2025)0.80%Report
Net assets (SEC N-PORT, whole fund, as filed for Jul 31, 2026)$30mReport
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%
ASMF in those weeks, on average−0.49%
ASMF total return over those weeks+12.9%
T-bills (BIL) over the same weeks+3.7%
When stocks fellS&P 500 −4.9% in March 2026; ASMF −4.1%
Weekly correlation with the S&P 500+0.40, 52 weeks to Nov 4, 2026
First tradedMay 16, 2024
Days traded620
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 ASMF

12 seats on ASMF, 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 ASMF to the committee →See all seats →No investor named is affiliated with or endorses ETFIQ. Not investment advice.

Questions people ask about ASMF

Does ASMF move with the S&P 500?
Over the year to Nov 4, 2026, ASMF’s weekly returns had a correlation of +0.40 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 +0.32, so for each 1% the index moved it moved about 0.32% the same way.
What did ASMF 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 ASMF fell 0.49% on average, a down-week capture of 45.9%.
Did ASMF earn more than cash?
Over the same 52 weeks ASMF returned +12.9% with distributions reinvested, and BIL, a fund of Treasury bills, returned +3.7%. ASMF finished 9.2 percentage points ahead of it.
What does ASMF cost?
The prospectus expense ratio is 0.80% a year.
Why is ASMF listed as managed futures?
ETFIQ files each fund by what its own prospectus says it does, and ASMF’s, filed Nov 25, 2025, describes a managed futures fund.
Sources and dates
Prices, ASMF and S&P 500 (SPY)Prices, Tiingo end of day ↗
Fee, 0.80%Prospectus filing with the expense ratio (SEC) ↗
Net assets, $30mSEC 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, ASMF, alternatives ETFs, data as of Nov 4, 2026. https://etfiq.com/funds/asmf

The down-week bars for ASMF, 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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ASMF: ASMF in the 26 weeks SPY fell, year to Nov 4, 2026: SPY averaged −1.07%, ASMF −0.49%.
<figure style="margin:0;max-width:640px">
<iframe src="https://etfiq.com/embed/alternatives/asmf/" title="ASMF: ASMF in the 26 weeks SPY fell, year to Nov 4, 2026: SPY averaged −1.07%, ASMF −0.49%." width="640" height="334" loading="lazy" style="border:0;max-width:100%;width:100%"></iframe>
<figcaption style="font:13px/1.5 sans-serif">ASMF: ASMF in the 26 weeks SPY fell, year to Nov 4, 2026: SPY averaged −1.07%, ASMF −0.49%. Data: <a href="https://etfiq.com/funds/asmf">ETFIQ</a></figcaption>
</figure>

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