Launch Roundup
Subversive ETFs listed S&P 500 and Nasdaq-100 funds that exclude Elon Musk's companies
Adaptive ETFs - Adaptive Alpha Opportunities ETF
$32.93−0.20 (−0.62%)
- 1.36%
- $376M
- +12.6%
- 2.79%
- 0M sh
- $33.06
- low $25.65high $35.80
The ETF.net AGOX Grade
D
Score 30 out of 100
- 34 of 37
Score 30 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F0 out of 100Rank 37 of 37Mission
Whether the fund did what it promised, tested against its stated mandate.C50 out of 100Rank 21 of 29Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.F18 out of 100Rank 32 of 35Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C47 out of 100Rank 20 of 37Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C48 out of 100Rank 21 of 33Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A77 out of 100Rank 8 of 37
Our read on AGOX
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.
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
- Goes 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.
- One trade, roughly 300 underlying positions across three geographic buckets, instead of stacking several funds to build the same spread yourself.
- Live since 2012, so the strategy has a real record across multiple market cycles rather than a launch-week backtest.
- Shares 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
- Cost 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%).
- Fully discretionary: there is no published index to measure it against, so what you get rides on the manager's allocation calls.
- Payouts land annually or semiannually, so this is a capital-appreciation mandate, not a steady-paycheck sleeve.
AGOX Holdings
- Stocks
- 83
- 105%
- SPY
Sectors
- Technology41.1%
- Industrials13.5%
- Health Care7.9%
- Materials6.6%
- Energy5.6%
- Financials5.6%
- Consumer Discretionary5.4%
- Communication4.7%
- Utilities3.6%
- Real Estate3.1%
- Consumer Staples2.9%
Geography
- United States100.00%
AGOX Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.
AGOX$11,262
Returns run to the Oct 12, 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.
| Period | AGOX |
|---|---|
| Year to date | +15.5% |
| 1 month | −0.9% |
| 3 months | −4.3% |
| 1 year | +12.6% |
| 3 years | +16.1% |
| 5 years | +7.8% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | AGOX |
|---|---|---|
| 2026 YTD | +15.5% | |
| 2025 | +8.5% | |
| 2024 | +15.9% | |
| 2023 | +19.1% | |
| 2022 | −19.2% | |
| 2021 | +9.9% |
AGOX in the news
AGOX Dividends
- 2.79%
- $0.92
- $0.92 per share
- Annual
Distribution history
AGOX Risk
- 19.0%
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.
- 0.66
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.
- −26.9%
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.
- 1.50
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
1.36%
AGOX1.36%
- The middle half of Multi-Asset Allocation funds
- Median 0.58%
Every other Multi-Asset Allocation fund charges less.
Other funds in Multi-Asset Allocation
- DBAMOBrookstone Opportunities ETFExpense ratio 0.95%1 year return +11.5%
- DQVOYQ3 All-Season Active Rotation ETFExpense ratio 1.10%1 year return +10.1%
- FLCOLOGIQ Contrarian Opportunities ETFExpense ratio 1.13%1 year return —
- FGLDBIDX Alternative FIAT ETFExpense ratio 0.96%1 year return —
- FESBGFirst Trust Enhanced Stocks, Bonds & Gold ETFExpense ratio 0.95%1 year return —