ACIO vs. SPY
Compare and contrast key facts about Aptus Collared Income Opportunity ETF (ACIO) and State Street SPDR S&P 500 ETF (SPY).
ACIO and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ACIO is an actively managed fund by Aptus Capital Advisors. It was launched on Jul 10, 2019. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
ACIO vs. SPY - Performance Comparison
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ACIO vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ACIO Aptus Collared Income Opportunity ETF | -3.83% | 9.03% | 21.92% | 15.90% | -10.31% | 18.03% | 9.85% | 3.32% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 8.82% |
Returns By Period
In the year-to-date period, ACIO achieves a -3.83% return, which is significantly higher than SPY's -4.37% return.
ACIO
- 1D
- 1.84%
- 1M
- -3.52%
- YTD
- -3.83%
- 6M
- -3.16%
- 1Y
- 8.91%
- 3Y*
- 12.20%
- 5Y*
- 8.76%
- 10Y*
- —
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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ACIO vs. SPY - Expense Ratio Comparison
ACIO has a 0.79% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
ACIO vs. SPY — Risk / Return Rank
ACIO
SPY
ACIO vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Aptus Collared Income Opportunity ETF (ACIO) and State Street SPDR S&P 500 ETF (SPY). 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.
| ACIO | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.80 | 0.93 | -0.12 |
Sortino ratioReturn per unit of downside risk | 1.19 | 1.45 | -0.26 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.22 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.28 | 1.53 | -0.24 |
Martin ratioReturn relative to average drawdown | 4.55 | 7.30 | -2.75 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ACIO | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.80 | 0.93 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.79 | 0.69 | +0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.77 | 0.56 | +0.21 |
Correlation
The correlation between ACIO and SPY is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
ACIO vs. SPY - Dividend Comparison
ACIO's dividend yield for the trailing twelve months is around 0.42%, less than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACIO Aptus Collared Income Opportunity ETF | 0.42% | 0.37% | 0.44% | 0.72% | 1.51% | 0.61% | 1.02% | 1.32% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
ACIO vs. SPY - Drawdown Comparison
The maximum ACIO drawdown since its inception was -14.19%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ACIO and SPY.
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Drawdown Indicators
| ACIO | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.19% | -55.19% | +41.00% |
Max Drawdown (1Y)Largest decline over 1 year | -7.22% | -12.05% | +4.83% |
Max Drawdown (5Y)Largest decline over 5 years | -14.00% | -24.50% | +10.50% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.72% | — |
Current DrawdownCurrent decline from peak | -5.51% | -6.24% | +0.73% |
Average DrawdownAverage peak-to-trough decline | -3.25% | -9.09% | +5.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | 2.52% | -0.48% |
Volatility
ACIO vs. SPY - Volatility Comparison
The current volatility for Aptus Collared Income Opportunity ETF (ACIO) is 3.39%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.31%. This indicates that ACIO experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ACIO | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.39% | 5.31% | -1.92% |
Volatility (6M)Calculated over the trailing 6-month period | 6.42% | 9.47% | -3.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.12% | 19.05% | -7.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.09% | 17.06% | -5.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.71% | 17.92% | -6.21% |