{
 "ticker": "ASMF",
 "name": "Virtus AlphaSimplex Managed Futures ETF",
 "issuer": "Virtus",
 "desk": "alternatives",
 "url": "https://etfiq.com/funds/asmf",
 "html": "https://etfiq.com/funds/asmf",
 "markdown": "https://etfiq.com/funds/asmf.md",
 "as_of": "2026-09-18",
 "verdict": "In the S&P 500\u2019s down weeks over the year to Sep 18, 2026, ASMF fell 8% as much as the index.",
 "key_facts": [
  {
   "key": "correlation_with_the_s_p_500",
   "label": "Correlation with the S&P 500",
   "value": "+0.34",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "ASMF, correlation with the S&P 500: +0.34, as of Sep 18, 2026."
  },
  {
   "key": "beta_to_the_s_p_500",
   "label": "Beta to the S&P 500",
   "value": "+0.24",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "ASMF, beta to the S&P 500: +0.24, as of Sep 18, 2026."
  },
  {
   "key": "down_week_capture",
   "label": "Down-week capture",
   "value": "7.5%",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "ASMF, down-week capture: 7.5%, as of Sep 18, 2026."
  },
  {
   "key": "against_t_bills_52_weeks",
   "label": "Against T-bills, 52 weeks",
   "value": "+12.9 pts",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "ASMF, against T-bills, 52 weeks: +12.9 pts, as of Sep 18, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$31m",
   "source": "SEC N-PORT, whole fund, as filed for Apr 30, 2026",
   "as_of": "2026-09-18",
   "sentence": "ASMF, net assets: $31m (SEC N-PORT, whole fund, as filed for Apr 30, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.80%",
   "source": "485BPOS XBRL, Nov 25, 2025",
   "as_of": "2026-09-18",
   "sentence": "ASMF, expense ratio: 0.80% (485BPOS XBRL, Nov 25, 2025)."
  }
 ],
 "fields": [
  {
   "key": "issuer",
   "label": "Issuer",
   "value": "Virtus",
   "source": null
  },
  {
   "key": "strategy",
   "label": "Strategy",
   "value": "Managed futures",
   "source": "ETFIQ, from its prospectus"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.80%",
   "source": "485BPOS XBRL, Nov 25, 2025"
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$31m",
   "source": "SEC N-PORT, whole fund, as filed for Apr 30, 2026"
  },
  {
   "key": "weeks_measured",
   "label": "Weeks measured",
   "value": "52, from Sep 19, 2025 to Sep 18, 2026",
   "source": null
  },
  {
   "key": "weeks_the_s_p_500_fell",
   "label": "Weeks the S&P 500 fell",
   "value": "22",
   "source": null
  },
  {
   "key": "the_s_p_500_in_those_weeks_on_average",
   "label": "The S&P 500 in those weeks, on average",
   "value": "\u22121.24%",
   "source": null
  },
  {
   "key": "asmf_in_those_weeks_on_average",
   "label": "ASMF in those weeks, on average",
   "value": "\u22120.09%",
   "source": null
  },
  {
   "key": "asmf_total_return_over_those_weeks",
   "label": "ASMF total return over those weeks",
   "value": "+16.6%",
   "source": null
  },
  {
   "key": "t_bills",
   "label": "T-bills",
   "value": "+3.6%",
   "source": null
  },
  {
   "key": "listed_since",
   "label": "Listed since",
   "value": "May 16, 2024",
   "source": null
  },
  {
   "key": "days_traded",
   "label": "Days traded",
   "value": "90",
   "source": null
  },
  {
   "key": "quoted",
   "label": "Quoted",
   "value": "on an exchange, every trading day",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "The fund": "+3.1%",
   "S&P 500": "+2.3%",
   "Difference, percentage points": "+0.9 pts"
  },
  {
   "window": "6 months",
   "The fund": "+6.5%",
   "S&P 500": "+18.0%",
   "Difference, percentage points": "\u221211.5 pts"
  },
  {
   "window": "1 year",
   "The fund": "+16.9%",
   "S&P 500": "+16.6%",
   "Difference, percentage points": "+0.3 pts"
  },
  {
   "window": "Since it listed",
   "The fund": "+9.2%",
   "S&P 500": "+48.3%",
   "Difference, percentage points": "\u221239.1 pts"
  }
 ],
 "questions": [
  {
   "q": "Does ASMF move with the S&P 500?",
   "a": "Over the year to Sep 18, 2026, ASMF\u2019s weekly returns had a correlation of +0.34 with the S&P 500\u2019s, on a scale where 1 moves in step, 0 shows no pattern and \u22121 moves opposite. Its beta was +0.24, so for each 1% the index moved it moved about 0.24% the same way."
  },
  {
   "q": "What did ASMF do when stocks fell?",
   "a": "The S&P 500 fell in 22 of the 52 weeks to Sep 18, 2026, by 1.24% on average. In those weeks ASMF fell 0.09% on average, a down-week capture of 7.5%."
  },
  {
   "q": "Did ASMF earn more than cash?",
   "a": "Over the same 52 weeks ASMF returned +16.6% with distributions reinvested, and BIL, a fund of Treasury bills, returned +3.6%. ASMF finished 12.9 percentage points ahead of it."
  },
  {
   "q": "What does ASMF cost?",
   "a": "The prospectus expense ratio is 0.80% a year."
  },
  {
   "q": "Why is ASMF listed as managed futures?",
   "a": "ETFIQ files each fund by what its own prospectus says it does, and ASMF\u2019s, filed Nov 25, 2025, describes a managed futures fund."
  }
 ],
 "generated": "2026-09-21",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}