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ASGM vs FLSP

Virtus AlphaSimplex Global Macro ETF

ASGMCNYSE Arca

Franklin Systematic Style Premia ETF

FLSPANYSE Arca

Overlap

Expense ratio

FLSP −0.21pt a year

ASGM0.86%FLSP0.65%

Avg volume · 30D

FLSP 131.1×the volume

ASGM1.23KFLSP161K

ASGM vs FLSP Performance

Oct 31, 2025 – Oct 30, 2026

+23.3%ASGM+11.5%FLSP

Oct 31, 2025 to Oct 30, 2026. ASGM +23.3%. FLSP +11.5%. Use the arrow keys to read each point.−5%0%5%15%Oct 2025Apr 2026Oct 2026
Expense ratio
ASGM 0.86%
FLSP 0.65%, better
Fund size
ASGM $11M
FLSP $1.1B
1Y total return
ASGM +23.3%, better
FLSP +11.5%
Yield (12M)
ASGM No data
FLSP 2.45%
Holdings
ASGM 17
FLSP 295
Avg volume (30D)
ASGM 1.23K sh
FLSP 161K sh, better
NAV per share
ASGM $33.05
FLSP $28.91
52W range

ETF.net Grade

ASGM: Cost 83, Risk 53, Mission not scored, Tradability 9, Holdings not scored, Durability 20. FLSP: Cost 93, Risk 65, Mission not scored, Tradability 53, Holdings 84, Durability 85.
Pillar letters and Scores for ASGM, FLSP, with each pillar’s weight
PillarASGMFLSP
Cost30% weightA83A93Higher
Mission25% weightNot scoredNot scored
Risk15% weightC53B65Higher
Tradability15% weightF9C53Higher
Holdings10% weightNot scoredA84
Durability5% weightF20A85Higher

Rank among Alternative Strategies funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. ASGM and FLSP are both graded against the same 29 Alternative Strategies funds, so their Grades compare head to head.

Alternative Strategies⁠

Category · 29 funds
See all 29 ›

FLSP ranks 1st and ASGM 14th of 29 funds in the Alternative Strategies Category.

  1. Rank 1AFLSPFranklin Systematic Style Premia ETFScore 77
  2. Rank 2AHBDCHilton BDC Corporate Bond ETFScore 76
  3. Rank 13BEDGH3EDGE Dynamic Hard Assets ETFScore 55
  4. Rank 14CASGMVirtus AlphaSimplex Global Macro ETFScore 54
  5. Rank 15CEVNTAltShares Event-Driven ETFScore 50

Our read on each fund

ETF.net Research

ASGMCVirtus AlphaSimplex Global Macro ETF

FLSPAFranklin Systematic Style Premia ETF

In short

ASGM No data

FLSP A hedge-fund style trade in an ETF wrapper. FLSP goes long and short across value, momentum and carry rather than just owning cheap stocks, which makes it the odd one out in a cohort of long-only factor funds.

Stated mandate

ASGM No data

FLSP The fund uses a top-down risk-premia strategy focused on value, momentum, and carry factors, taking both long and short positions.

Why people hold it

ASGM No data

  • FLSP Runs both long and short positions, so the outcome hinges on the gap between the stocks it likes and the ones it doesn't, not purely on the market's direction.
  • Three return sources under one ticker: value, momentum and carry, blended top-down instead of stacked onto a single stock screen.
  • Spreads the bet across roughly 300 positions, so no single name carries the fund.
  • Live since 2019 and now a multi-billion-dollar fund, with the daily liquidity and transparency of an ETF wrapper around a strategy usually sold in private vehicles.

Worth knowing

ASGM No data

  • FLSP At 0.65% a year it costs multiples of plain-vanilla factor peers like VONV (0.06%) and FNDX (0.25%). That is the price tag on the long/short machinery.
  • No public index sits behind it, so there is no external yardstick to check it against, and results can look nothing like a US stock index in either direction.
  • Distributions land once or twice a year, not on a monthly rhythm.

Full ASGM profile⁠

Full FLSP profile⁠

ASGM vs FLSP Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

ASGM vs FLSP Cost

Overpaying ASGM vs FLSP

$3,651

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • ASGM 0.86%

    $16,368

  • FLSP 0.65%

    $12,717

$10,000
30 years

Cost over time

  • ASGM 0.86%
  • FLSP 0.65%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530ASGM $16,368FLSP $12,717

Year by year

YearASGMFLSPOverpaying
10$1,525$1,163$362
20$5,768$4,440$1,328
30$16,368$12,717$3,651

Expense ratio

  • 0.86%ASGM
  • 0.65%FLSP, cheaper
  • Middle half of Alternative Strategies funds
  • Median 1.13%

FLSP 3rd cheapest of 29 funds

ASGM 6th cheapest of 29 funds

ASGM vs FLSP Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
ASGM No data
FLSP 2.45%
Payout (12M)
ASGM No data
FLSP $0.71
Last payment
ASGM $1.20
FLSP $0.71
Ex-dividend
ASGM Dec 22, 2025
FLSP Dec 19, 2025
Paid on
ASGM Dec 29, 2025
FLSP Dec 29, 2025
Frequency
ASGM Irregular
FLSP Annual

Distribution history

Per share, 2019 to 2026, same scale for both

ASGMIrregular · 1 paymentAll ASGM payments⁠
One bar per payment. 1 payment from 2019 to 2026 YTD. Dec 22, 2025 $1.20. Use the arrow keys to read each point.$0$1202020232026YTD
FLSPAnnual · 9 paymentsAll FLSP payments⁠
One bar per payment. 9 payments from 2019 to 2026 YTD. Dec 30, 2019 $0.005; Jun 11, 2020 $0.05; Dec 14, 2020 $1.54; Jun 10, 2021 $0.24; Dec 13, 2021 $0.02; Dec 12, 2022 $0.46; Dec 15, 2023 $0.26; Dec 20, 2024 $0.28; Dec 19, 2025 $0.71. Use the arrow keys to read each point.$0$1202020232026YTD

ASGM vs FLSP Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
ASGM 13.2%since Sep 2025FLSP 6.8%
Return per unit of riskSharpe ratio, 3 years
ASGM 1.62since Sep 2025FLSP 0.87
Worst fallMax drawdown, 5 years
ASGM −7.4%since Aug 2025FLSP −9.5%
Market sensitivityBeta, 5 years
ASGM 0.91FLSP 0.01

ASGM and FLSP in the news

All news⁠

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