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Upturn AI Summary
Virtus AlphaSimplex Global Macro ETF(ASGM)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for ASGM
10/28/2026: ASGM (2-star) has a low Upturn Star Rating. Not recommended to BUY.
Virtus AlphaSimplex Global Macro ETF (ASGM) is an actively managed fund that uses a systematic approach to trade global trends across equities, bonds, commodities, and currencies. Its primary strength is its potential to provide returns uncorrelated to traditional asset classes, serving as a tactical diversifier in a balanced portfolio. Investors should be aware of the risks associated with derivative usage and the fact that the strategy performs best when markets exhibit strong, consistent trends. It is most suitable for sophisticated, long-term investors who understand the role of alternative strategies and who are monitoring the fund's efficacy relative to its expense ratio and the overall macro environment.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
ETF holdings, costs, diversification, valuation, risks, and market conditions provide supporting context about the fund.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | It may act as a stabilizer for a growth portfolio but does not offer direct exposure to growth-tilted equity market upside. |
| Momentum investor | Strong fit while signal remains positive | The fund is inherently built on momentum principles, making it a strong fit when macro trends are clearly defined. |
| Value investor | Weak fit | Its systematic strategy focuses on price trends rather than fundamental valuations. |
| Dividend/Income investor | Weak fit | The fund does not focus on generating yield or dividends, prioritizing capital appreciation through trend-following. |
| Low-risk investor | Mixed fit | While it provides diversification, the use of derivatives and leverage targets can introduce volatility that might exceed a low-risk profile's comfort level. |
Investor Profile
Ideal Investor Profile
Sophisticated investors seeking portfolio diversification through non-correlated absolute return strategies.
Suitability
Best for long-term investors looking to hedge against traditional market risks, not for short-term traders or income-focused portfolios.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | Medium / high | Managed futures strategies can experience rapid performance shifts based on changing market trends. |
| Market risk | Medium | While intended to be non-correlated, the fund still faces risks associated with the underlying asset classes it trades. |
| Concentration | Low | The strategy is highly diversified across global asset classes, reducing single-asset concentration risk. |
| Tracking/expense | Medium | The active management and derivative-heavy approach result in a higher expense ratio than passive index ETFs. |
| Liquidity | Medium | Derivative markets are generally liquid, but market stress can impact the ability to exit positions at desired prices. |
| Business/sector quality | Low | The fund is a strategy-driven vehicle, so business quality risks are secondary to the efficacy of the systematic model. |
Risk Analysis
Volatility
Historical volatility is consistent with managed futures strategies, which can be high during market transitions.
Market Risk
Risks include derivative counterparty exposure, leverage-induced losses, and the risk that the systematic model fails to identify viable trends.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Derivatives | Global Futures (Equities, Bonds, Commodities, Currencies) | 90 | These derivative contracts allow the fund to capture broad market trends across multiple asset classes efficiently. |
| Cash/collateral | Cash and Cash Equivalents | 10 | This portion serves as collateral for derivative positions and provides liquidity for fund operations. |
Price Behavior
Strong Uptrend
The stock has maintained a strong upward price trend across the last three quarters.
Smooth
The stock has moved along a generally orderly path with only modest fluctuations.
Analysis of Past Performance
Type ETF | Historic Profit 11.23% | Avg. Invested days 82 | Today’s Advisory WEAK BUY |
Upturn Advisory Rating  | Upturn Advisory Performance  5.0 | ETF Returns Performance  3.0 |
| Profits based on simulation | Last Close 10/28/2026 |
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