ACIO vs. AVMA

Last updated Jun 24, 2026

ACIO (Aptus Collared Income Opportunity ETF) and AVMA (Avantis Moderate Allocation ETF) are both Diversified Portfolio funds. Both are actively managed. Over the past year, ACIO returned 13.16% vs 22.59% for AVMA. Their correlation of 0.83 suggests significant overlap in exposure. ACIO charges 0.79%/yr vs 0.21%/yr for AVMA.

Performance

ACIO vs. AVMA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Aptus Collared Income Opportunity ETF (ACIO) and Avantis Moderate Allocation ETF (AVMA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ACIO achieves a 5.06% return, which is significantly lower than AVMA's 10.12% return.

ACIO

• 1D: -0.93%
• 1M: -1.38%
• YTD: 5.06%
• 6M: 4.31%
• 1Y: 13.16%
• 3Y*: 14.88%
• 5Y*: 9.65%
• 10Y*: —

AVMA

• 1D: -0.99%
• 1M: 0.64%
• YTD: 10.12%
• 6M: 9.66%
• 1Y: 22.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ACIO vs. AVMA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
ACIO Aptus Collared Income Opportunity ETF	5.06%	9.03%	21.92%	8.21%
AVMA Avantis Moderate Allocation ETF	10.12%	16.72%	10.01%	8.36%

Correlation

The correlation between ACIO and AVMA is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (All Time) Calculated using the full available price history since Jun 29, 2023	0.83

The correlation between ACIO and AVMA has been stable across timeframes, ranging from 0.83 to 0.86 - a consistent structural relationship.

Return for Risk

ACIO vs. AVMA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ACIO

ACIO Risk / Return Rank: 43
ACIO Sharpe Ratio Rank: 45
ACIO Sortino Ratio Rank: 43
ACIO Omega Ratio Rank: 44
ACIO Calmar Ratio Rank: 38
ACIO Martin Ratio Rank: 45

AVMA

AVMA Risk / Return Rank: 79
AVMA Sharpe Ratio Rank: 80
AVMA Sortino Ratio Rank: 83
AVMA Omega Ratio Rank: 81
AVMA Calmar Ratio Rank: 74
AVMA Martin Ratio Rank: 80

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ACIO vs. AVMA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aptus Collared Income Opportunity ETF (ACIO) and Avantis Moderate Allocation ETF (AVMA). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ACIO	AVMA	Difference
Sharpe ratio: Return per unit of total volatility	1.50	2.41	-0.91
Sortino ratio: Return per unit of downside risk	2.10	3.44	-1.34
Omega ratio: Gain probability vs. loss probability	1.27	1.45	-0.18
Calmar ratio: Return relative to maximum drawdown	1.83	3.54	-1.71
Martin ratio: Return relative to average drawdown	7.11	14.86	-7.75

ACIO vs. AVMA - Sharpe Ratio Comparison

The current ACIO Sharpe Ratio is 1.50, which is lower than the AVMA Sharpe Ratio of 2.41. The chart below compares the historical Sharpe Ratios of ACIO and AVMA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ACIO vs. AVMA - Drawdown Comparison

The maximum ACIO drawdown since its inception was -14.19%, which is greater than AVMA's maximum drawdown of -11.81%. Use the drawdown chart below to compare losses from any high point for ACIO and AVMA.

Drawdown Indicators

	ACIO	AVMA	Difference
Max Drawdown Largest peak-to-trough decline	-14.19%	-11.81%	-2.38%
Max Drawdown (1Y) Largest decline over 1 year	-7.22%	-6.40%	-0.82%
Max Drawdown (3Y) Largest decline over 3 years	-12.12%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-14.00%	—	—
Current Drawdown Current decline from peak	-2.63%	-1.21%	-1.42%
Average Drawdown Average peak-to-trough decline	-3.17%	-1.54%	-1.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.86%	1.52%	+0.34%

Volatility

ACIO vs. AVMA - Volatility Comparison

Aptus Collared Income Opportunity ETF (ACIO) and Avantis Moderate Allocation ETF (AVMA) have volatilities of 3.57% and 3.43%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ACIO	AVMA	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.57%	3.43%	+0.14%
Volatility (6M) Calculated over the trailing 6-month period	6.83%	7.61%	-0.78%
Volatility (1Y) Calculated over the trailing 1-year period	8.82%	9.41%	-0.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.13%	10.36%	+0.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.67%	10.36%	+1.31%

ACIO vs. AVMA - Expense Ratio Comparison

ACIO has a 0.79% expense ratio, which is higher than AVMA's 0.21% expense ratio.

Dividends

ACIO vs. AVMA - Dividend Comparison

ACIO's dividend yield for the trailing twelve months is around 0.39%, less than AVMA's 3.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
ACIO Aptus Collared Income Opportunity ETF	0.39%	0.37%	0.44%	0.72%	1.51%	0.61%	1.02%	1.32%
AVMA Avantis Moderate Allocation ETF	3.03%	2.21%	2.28%	1.11%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ACIO and AVMA in my portfolio?

ACIO and AVMA have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ACIO or AVMA?

ACIO has higher volatility (3.57%) compared to AVMA (3.43%). In terms of maximum drawdown, ACIO dropped -14.19% vs AVMA's -11.81%.

Which ETF is better, ACIO or AVMA?

On 1-year performance, AVMA leads with 22.59% vs 13.16% for ACIO. On fees, AVMA is cheaper at 0.21% per year. On volatility, AVMA has been the lower-risk option at 3.43%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ACIO or AVMA?

Over the 1-year period, AVMA has performed better with a 22.59% return vs 13.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ACIO or AVMA?

AVMA is cheaper with a 0.21% expense ratio, compared with 0.79% for ACIO.

Which ETF pays a higher dividend yield, ACIO or AVMA?

AVMA has the higher dividend yield at 3.03%, compared with 0.39% for ACIO.

What is the main difference between ACIO and AVMA?

They also come from different issuers: Aptus Capital Advisors and Avantis. Their fees differ too: 0.79% for ACIO and 0.21% for AVMA.

Which has better risk-adjusted returns?

AVMA currently has the higher Sharpe Ratio (2.41 vs 1.50), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.