ETF Evaluator:
Virtus AlphaSimplex Global Macro ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Macro Trading Over the Last Year
| 24.0% | WisdomTree GeoAlpha Opportunities Fund (OPPG) |
| 23.3% | Macro Trading () |
| 22.7% | Unlimited HFGM Global Macro ETF (HFGM) |
| 0.0% | Virtus AlphaSimplex Global Macro ETF (ASGM) |
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Risk
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ETF Details
Virtus AlphaSimplex Global Macro ETF Overview
Virtus AlphaSimplex Global Macro ETF (ASGM) is an actively managed Alternative Macro Trading exchange-traded fund (ETF). Virtus launched the ETF in 2025.
The investment seeks capital appreciation by pursuing long-term positive returns independent of market cycles.
The fund manager attempts to participate in broad macroeconomic trends across global markets located in various countries including the United States, with the goal of outperforming typical long-only equity investments, including reducing drawdowns during protracted periods of stress. Macroeconomic trends represent larger themes at play across global economies and can include economic conditions such as growth, inflation, and or interest rate policy. It is an actively managed ETF. The fund is non-diversified.
About Virtus AlphaSimplex Global Macro ETF (ASGM)
There are 3 members of the management team with an average tenure of 0.99 years: Alexander Healy (2025), Kathryn Kaminski (2025) and Tansu Demirbilek (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
Virtus AlphaSimplex Global Macro ETF has 30 securities in its portfolio. The top 10 holdings constitute 891.8% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Virtus AlphaSimplex Global Macro ETF is part of the Alternative Strategies global asset class and is within the Alternative ETF group. Virtus AlphaSimplex Global Macro ETF has 251.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 242.7% There is 209.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is -338.4% (-381.3% domestic bond, 43.0% foreign bond and 0.0% convertible bond). Virtus AlphaSimplex Global Macro ETF has -44.9% of the portfolio in cash.
Assets Under Management
The fund has $8 million in total assets, which is below the $54 million average for the Macro Trading category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
ASGM Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Virtus AlphaSimplex Global Macro ETF expense ratio is high compared to funds in the Macro Trading category. Virtus AlphaSimplex Global Macro ETF has an expense ratio of 0.86%, which is 5% higher than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Virtus AlphaSimplex Global Macro ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 74% for the Macro Trading category.
Recently, in the month of July 2026, Virtus AlphaSimplex Global Macro ETF returned -0.7%, which earned it a grade of F, as the Macro Trading category had an average return of 0.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Virtus AlphaSimplex Global Macro ETF has a trailing yield of 0.00%, which is below the 3.03% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Virtus AlphaSimplex Global Macro ETF Grades
Year to date, the ETF has returned 16.8%, 6.2 percentage points better than the category, which translates into a grade of A.
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ASGM Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| ASGM Return (NAV) | -0.7% | 1.3% | na | na | na | na |
| ASGM Return (Price) | -0.7% | 1.3% | na | na | na | na |
| NAV +/- Price Return | -0.015% | 0.052% | na | na | na | na |
| Macro Trading Avg | 0.1% | -1.8% | 23.3% | na | na | na |
| ASGM Grade (NAV) | F | C | na | na | na | na |
| +/- Category (NAV) | -0.8% | 3.2% | na | na | na | na |
| ASGM Tax-Cost Ratio | na | na | na | na | na | na |
ASGM Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| ASGM Return (NAV) | 16.8% | na | na | na | na | na | na | na | na | na | na |
| ASGM Return (Price) | 16.2% | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.034% | na | na | na | na | na | na | na | na | na | na |
| Macro Trading Avg | 10.6% | na | na | na | na | na | na | na | na | na | na |
| ASGM Grade (NAV) | A | na | na | na | na | na | na | na | na | na | na |
| +/- Category | 6.2% | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | -- |
| Total Assets: | $ 9 Mil |
| Share Class Assets: | $ 9 Mil |
| Turnover: | na |
| Expense Ratio: | 0.86% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 1.0 years | |||
| Average Tenure: 1.0 years | |||
| Managers (Year): Healy Alexander (2025), Kaminski Kathryn (2025), Demirbilek Tansu (2025) | |||
Portfolio Composition (as of 6/23/26)
| # of Holdings: | 30 |
| % in Top 10 Holdings: | 891.8% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 251.9% |
Portfolio Allocation |
|
| Domestic Stock: | 242.7% |
| Foreign Stock: | 209.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | -381.3% |
| Foreign Bond: | 43.0% |
| Convertible Bond: | 0.0% |
| Other: | 31.6% |
| Cash: | -44.9% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Virtus |
| Phone Number: | 888-383-0553 |
| Website: | http://www.newfleet.com/ |
| Inception Date: | August 4, 2025 |
Expenses and Fees
| Expense Ratio (%): | 0.86% (Rating: High) |
| Category Average Expense Ratio (%): | 0.82% |
