ARS Focused Opportunity Strategy ETF (AFOS) Performance
AFOS total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +23.8% since Dec 31, 2025
- 1 year
- +34.8% total return
- Since first price
- +68.6% since 2025
AFOS trailing returns vs SPY, QQQ, AGG
| Period | AFOS total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −6.0% | −6.0% | −1.0% | −5.0% | +0.9% |
| 3 months | −4.4% | −4.4% | +3.2% | +1.9% | −0.4% |
| 6 months | +4.4% | +4.4% | +7.8% | +8.4% | −1.5% |
| YTD | +23.8% | +23.8% | +12.3% | +15.1% | −1.0% |
| 1 year | +34.8% | +34.4% | +14.4% | +15.9% | −1.1% |
| Since inceptionJun 26, 2025 | +68.6% | +68.1% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: AFOS vs SPY
From Jun 26, 2025: AFOS grew to $16,857, SPY to $12,589.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
AFOS returns by calendar year
2026 is year to date.
AFOS annual returns table
| Year | AFOS | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +23.8% | −11.8% | +12.3% | +15.1% | −1.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
AFOS largest drawdowns
Now 10.2% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jun 22, 2026 | −11.8% | Jul 29, 2026 | Aug 14, 2026 | 37 days | 53 days |
| Feb 25, 2026 | −11.5% | Mar 30, 2026 | Apr 13, 2026 | 33 days | 47 days |
| Aug 17, 2026 | −10.2% | Oct 23, 2026 | not yet | 2 months | 2 months so far |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
AFOS risk statistics
| Statistic | Since 2025 |
|---|---|
| Annualized return | +57.0% |
| Volatility (annualized) | 19.6% |
| Sharpe ratio | 2.24 |
| Sortino ratio | 5.33 |
| Best month | +14.9% |
| Worst month | −6.4% |
| Best 12 months | +82.7% |
| Worst 12 months | +46.8% |
| Positive months | 80% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
AFOS rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 5 | +30.1% | +62.5% | +82.7% | 100% |
Every holding period starting at a month-end since 2025. Returns for 3 years and longer are annualized.
AFOS performance overview
ARS Focused Opportunity Strategy ETF (AFOS) returned +34.8% over the past year, with distributions reinvested. Since its first recorded price on Jun 26, 2025 it has returned +68.6%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −11.8%, from Jun 22, 2026 to Jul 29, 2026, and it took 16 days to get back to the old high. Volatility has been 19.6% a year.
Related: AFOS chart, AFOS holdings, AFOS dividends, AFOS valuation. See the AFOS overview for the latest quote and fund facts.
AFOS performance FAQ
What is the AFOS return over the past year?
AFOS returned +34.8% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 34.4%.
How much would $10,000 invested in AFOS be worth?
$10,000 invested in AFOS at its first recorded close on June 26, 2025 would be worth about $16,857 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of AFOS?
The largest peak-to-trough decline was −11.8% between June 22, 2026 and July 29, 2026. It recovered to the old high on August 14, 2026, 16 days after the bottom.
How volatile is AFOS?
Over the past history AFOS had an annualized volatility of 19.6% and a Sharpe ratio of 2.24 (excess return over 1–3 month T-bills per unit of risk).