ADME vs. ACIO

Last updated Jun 23, 2026

ADME (Aptus Drawdown Managed Equity ETF) and ACIO (Aptus Collared Income Opportunity ETF) are both exchange-traded funds - ADME is a Hedge Fund fund tracking the Aptus Behavioral Momentum Index, while ACIO is a Diversified Portfolio fund actively managed by Aptus Capital Advisors. ADME is passively managed, while ACIO is actively managed. Over the past 5 years, ADME returned 7.80%/yr vs 9.91%/yr for ACIO. Their correlation of 0.90 suggests significant overlap in exposure. Both charge a 0.79% expense ratio.

Performance

ADME vs. ACIO - Performance Comparison

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

Returns By Period

In the year-to-date period, ADME achieves a 8.62% return, which is significantly higher than ACIO's 6.05% return.

ADME

• 1D: -0.38%
• 1M: -0.16%
• YTD: 8.62%
• 6M: 8.08%
• 1Y: 19.81%
• 3Y*: 16.57%
• 5Y*: 7.80%
• 10Y*: 8.86%

ACIO

• 1D: -0.41%
• 1M: -0.45%
• YTD: 6.05%
• 6M: 5.72%
• 1Y: 15.07%
• 3Y*: 15.24%
• 5Y*: 9.91%
• 10Y*: —

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

ADME vs. ACIO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
ADME Aptus Drawdown Managed Equity ETF	8.62%	10.28%	22.11%	15.42%	-21.80%	20.24%	18.21%	0.03%
ACIO Aptus Collared Income Opportunity ETF	6.05%	9.03%	21.92%	15.90%	-10.31%	18.03%	9.85%	3.30%

Correlation

The correlation between ADME and ACIO is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (All Time) Calculated using the full available price history since Jul 10, 2019	0.90

The correlation between ADME and ACIO has been stable across timeframes, ranging from 0.90 to 0.97 - a consistent structural relationship.

Return for Risk

ADME vs. ACIO — Risk / Return Rank

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

ADME

ADME Risk / Return Rank: 57
ADME Sharpe Ratio Rank: 57
ADME Sortino Ratio Rank: 56
ADME Omega Ratio Rank: 55
ADME Calmar Ratio Rank: 55
ADME Martin Ratio Rank: 63

ACIO

ACIO Risk / Return Rank: 49
ACIO Sharpe Ratio Rank: 52
ACIO Sortino Ratio Rank: 51
ACIO Omega Ratio Rank: 52
ACIO Calmar Ratio Rank: 43
ACIO Martin Ratio Rank: 50

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.

ADME vs. ACIO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aptus Drawdown Managed Equity ETF (ADME) and Aptus Collared Income Opportunity ETF (ACIO). 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.

	ADME	ACIO	Difference
Sharpe ratio: Return per unit of total volatility	1.87	1.73	+0.14
Sortino ratio: Return per unit of downside risk	2.61	2.40	+0.21
Omega ratio: Gain probability vs. loss probability	1.33	1.32	+0.02
Calmar ratio: Return relative to maximum drawdown	2.66	2.10	+0.56
Martin ratio: Return relative to average drawdown	11.07	8.17	+2.90

ADME vs. ACIO - Sharpe Ratio Comparison

The current ADME Sharpe Ratio is 1.87, which is comparable to the ACIO Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of ADME and ACIO, 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

ADME vs. ACIO - Drawdown Comparison

The maximum ADME drawdown since its inception was -27.49%, which is greater than ACIO's maximum drawdown of -14.19%. Use the drawdown chart below to compare losses from any high point for ADME and ACIO.

Drawdown Indicators

	ADME	ACIO	Difference
Max Drawdown Largest peak-to-trough decline	-27.49%	-14.19%	-13.30%
Max Drawdown (1Y) Largest decline over 1 year	-7.49%	-7.22%	-0.27%
Max Drawdown (3Y) Largest decline over 3 years	-15.67%	-12.12%	-3.55%
Max Drawdown (5Y) Largest decline over 5 years	-23.43%	-14.00%	-9.43%
Max Drawdown (10Y) Largest decline over 10 years	-27.49%	—	—
Current Drawdown Current decline from peak	-1.80%	-1.72%	-0.08%
Average Drawdown Average peak-to-trough decline	-7.89%	-3.18%	-4.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.79%	1.85%	-0.06%

Volatility

ADME vs. ACIO - Volatility Comparison

Aptus Drawdown Managed Equity ETF (ADME) has a higher volatility of 4.43% compared to Aptus Collared Income Opportunity ETF (ACIO) at 3.46%. This indicates that ADME's price experiences larger fluctuations and is considered to be riskier than ACIO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ADME	ACIO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.43%	3.46%	+0.97%
Volatility (6M) Calculated over the trailing 6-month period	8.57%	6.77%	+1.80%
Volatility (1Y) Calculated over the trailing 1-year period	10.68%	8.79%	+1.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.99%	11.12%	+1.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.45%	11.67%	+2.78%

ADME vs. ACIO - Expense Ratio Comparison

Both ADME and ACIO have an expense ratio of 0.79%.

Dividends

ADME vs. ACIO - Dividend Comparison

ADME's dividend yield for the trailing twelve months is around 0.38%, which matches ACIO's 0.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
ACIO Aptus Collared Income Opportunity ETF	0.38%	0.37%	0.44%	0.72%	1.51%	0.61%	1.02%	1.32%	0.00%	0.00%	0.00%
ADME Aptus Drawdown Managed Equity ETF	0.38%	0.38%	0.47%	0.78%	0.73%	0.26%	0.41%	0.70%	0.86%	0.32%	0.69%

Frequently Asked Questions

Can I hold both ADME and ACIO in my portfolio?

With a correlation of 0.96, ADME and ACIO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, ADME or ACIO?

ADME has higher volatility (4.43%) compared to ACIO (3.46%). In terms of maximum drawdown, ADME dropped -27.49% vs ACIO's -14.19%.

Which ETF is better, ADME or ACIO?

On 5-year performance, ACIO leads with 9.91% vs 7.80% for ADME. Both ETFs have the same 0.79% expense ratio. On volatility, ACIO has been the lower-risk option at 3.46%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ADME or ACIO?

Over the 5-year period, ACIO has performed better with a 9.91% return vs 7.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ADME or ACIO?

ADME and ACIO have the same expense ratio: 0.79% per year.

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

ADME and ACIO have nearly identical dividend yields, around 0.38%.

What is the main difference between ADME and ACIO?

ADME is categorized as Hedge Fund, while ACIO is Diversified Portfolio.

Which has better risk-adjusted returns?

ADME currently has the higher Sharpe Ratio (1.87 vs 1.73), 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.