Skip to content
etf.net

AGOX

GradeDNew York Stock Exchange Arca

Adaptive ETFs - Adaptive Alpha Opportunities ETF

Multi-Asset & Alternatives · Adaptive ETFs · Inception 2012-09-20 · SEC filings

$33.67−0.45 (−1.33%)

As of Sep 23, 2026, 2:49 PM EDT

Intraday session: down, 15 prints from 34.13 to 33.67. Range 33.49 to 33.84. Use the arrow keys to read each point.$33.50$33.60$33.8010 AM12 PM2 PM4 PM
Expense ratio
1.33%
Fund size
$387M
1Y return
+14.2%
Yield · Last 12 months
2.70%
Holdings
107
Volume · 30D
0.1M sh
NAV per share
$33.86
52W range
low $25.65high $35.80

The ETF.net AGOX Grade

D

24/ 100

Rank 35 of 38 in Multi-Asset Allocation⁠

Confidence High

Six-pillar profile for AGOX. Scores out of 100: Cost 0, Risk 21, Mission 14, Tradability 80, Holdings 25, Durability 79. Strongest: Tradability (80). Weakest: Cost (0). Leans toward Tradability and Durability.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 24 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    FScore 0
    Category rank38/38 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    FScore 14
    Category rank29/30 · bottom quartile

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    FScore 21
    Category rank33/36 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 80
    Category rank6/38 · top 16%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    DScore 25
    Category rank33/34 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 79
    Category rank9/38 · top 24%

Graded as of Sep 22, 2026

Our read on AGOX

ETF.net Research

DOne ticker, one manager's read on the whole map. AGOX blends other ETFs across US, international and emerging stocks, bonds and alternatives, shifting the mix on technical and economic signals instead of holding a fixed 60/40.

Stated mandate

The Fund seeks capital appreciation. It pursues this objective through actively managed allocations among ETFs holding equity and fixed-income securities, with possible alternative-investment exposure, using technical and economic fundamental research.

Why people hold it

  1. 01Goes anywhere: an active mix of equity, bond and possible alternative ETFs across US, developed international and emerging markets, steered by technical and economic fundamental research.
  2. 02One trade, roughly 300 underlying positions across three geographic buckets, instead of stacking several funds to build the same spread yourself.
  3. 03Live since 2012, so the strategy has a real record across multiple market cycles rather than a launch-week backtest.
  4. 04Shares change hands steadily for an actively managed allocation fund, which keeps the friction of getting in and out on the lower side of its peer group.

Worth knowing

  1. 01Cost is the headline trade-off: a 1.34% expense ratio sits well above the typical allocation ETF and many times index-built peers such as AOA (0.19%) or IRTR (0.08%).
  2. 02Fully discretionary: there is no published index to measure it against, so what you get rides on the manager's allocation calls.
  3. 03Payouts land annually or semiannually, so this is a capital-appreciation mandate, not a steady-paycheck sleeve.

AGOX Holdings

As of Sep 20, 2026, 9:23 AM
Asset class
Stocks
Holdings
107
Top-10 weight
93%
Largest holding
Cash63.8%

Sectors

Geography

The fund’s holdings, weight-ordered — page 1 of 5.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001CashCash / Cash Equivalents63.82%240,482,765$240M104
002XLKTechnology Select Sector SPDR Fund6.50%129,090$24M33
003VWOVanguard FTSE Emerging Markets ETF4.80%301,578$18M15
004XLBSTATE STRET MATRL SLCT SCTR SPDR ETF3.29%247,915$12M20
005IGFiShares Global Infrastructure ETF2.86%170,802$11M1
006XLVHealth Care Select Sector SPDR Fund2.64%59,106$10M28
007MTUMiShares MSCI USA Momentum Factor ETF2.48%30,156$9M13
008EFViShares MSCI EAFE Value ETF2.19%102,132$8M5
009HWMHOWMET AEROSPACE ORD2.07%34,002$8M363
010GLDSPDR Gold Shares1.98%18,620$7M8
011NVDANVIDIA Corp.1.75%29,641$7M828
012XLESTATE STRET ENRGY SLECT SEC SPDR ETF1.59%93,000$6M28
013VGKVanguard FTSE Europe ETF1.54%65,627$6M9
0145277605FQQQ 261218C007150001.45%1,500$5M1
015VNQVanguard Real Estate ETF1.41%57,190$5M6

Showing 1–15 of 66 holdings

AGOX Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

AGOX$11,417
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. AGOX $11,417. SPY $11,723. Use the arrow keys to read each point.$8,361$10,245$12,129Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for AGOX. Periods over one year show the average yearly return.
PeriodAGOX
Year to date+19.5%
1 month+0.3%
3 months−2.8%
1 year+14.2%
3 years+17.4%per year
5 years+8.4%per year
10 yearsHistory unavailable—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for AGOX
YearReturn barAGOX
2026 YTD+19.5%
2025+8.5%
2024+15.9%
2023+19.1%
2022−19.2%
2021+9.9%

History from May 10, 2021

AGOX in the news

ETF.net Research hasn’t filed on AGOX yet — coverage lands here as it’s written.

AGOX Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
2.70%Last 12 months
Payout per share
$0.92Last 12 months
Last payment
$0.92 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2021–2026

One bar per payment. 7 payments from 2021 to 2026 YTD. Nov 4, 2021 $1.39; Dec 20, 2021 $0.18; Dec 30, 2021 $0.05; Dec 29, 2022 $0.04; Dec 28, 2023 $0.07; Dec 20, 2024 $1.07; Dec 18, 2025 $0.92. Use the arrow keys to read each point.202120222023202420252026YTD
Ex-datePay dateAmount per share
Dec 18, 2025Dec 19, 2025$0.92
Dec 20, 2024Dec 23, 2024$1.07
Dec 28, 2023Jan 2, 2024$0.07
Dec 29, 2022Jan 3, 2023$0.04
Dec 30, 2021Jan 3, 2022$0.05
Dec 20, 2021Dec 22, 2021$0.18
Nov 4, 2021Nov 8, 2021$1.39

AGOX Risk

How much the fund’s monthly returns vary, scaled to a year.
19.3%
Annualised · 36 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.59
vs 3-month T-bills · to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−26.9%
Trough Sep 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.50
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

AGOX Cost

Expense ratio1.33%
  • The middle half of Multi-Asset Allocation funds
  • Median 0.58%

Every other Multi-Asset Allocation fund charges less.

AGOX costs $133.00 a year on $10,000. The median Multi-Asset Allocation fund costs $58.00.