ADME vs. EMOP

Last updated Jun 24, 2026

ADME (Aptus Drawdown Managed Equity ETF) and EMOP (AB Emerging Markets Opportunities ETF) are both exchange-traded funds - ADME is a Hedge Fund fund tracking the Aptus Behavioral Momentum Index, while EMOP is a Emerging Markets Equities fund actively managed by AllianceBernstein. ADME is passively managed, while EMOP is actively managed. Over the past year, ADME returned 17.42% vs 47.69% for EMOP. A 0.70 correlation means they provide meaningful diversification when combined. ADME charges 0.79%/yr vs 0.70%/yr for EMOP.

Performance

ADME vs. EMOP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Aptus Drawdown Managed Equity ETF (ADME) and AB Emerging Markets Opportunities ETF (EMOP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ADME achieves a 7.37% return, which is significantly lower than EMOP's 27.21% return.

ADME

• 1D: -1.15%
• 1M: -1.31%
• YTD: 7.37%
• 6M: 6.36%
• 1Y: 17.42%
• 3Y*: 16.12%
• 5Y*: 7.44%
• 10Y*: 8.73%

EMOP

• 1D: -4.78%
• 1M: 1.88%
• YTD: 27.21%
• 6M: 28.58%
• 1Y: 47.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ADME vs. EMOP - Yearly Performance Comparison

	2026 (YTD)	2025
ADME Aptus Drawdown Managed Equity ETF	7.37%	9.81%
EMOP AB Emerging Markets Opportunities ETF	27.21%	16.48%

Correlation

The correlation between ADME and EMOP is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.70
Correlation (All Time) Calculated using the full available price history since Jun 18, 2025	0.70

The correlation between ADME and EMOP has been stable across timeframes, ranging from 0.70 to 0.70 - a consistent structural relationship.

Return for Risk

ADME vs. EMOP — Risk / Return Rank

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

ADME

ADME Risk / Return Rank: 51
ADME Sharpe Ratio Rank: 50
ADME Sortino Ratio Rank: 50
ADME Omega Ratio Rank: 48
ADME Calmar Ratio Rank: 50
ADME Martin Ratio Rank: 57

EMOP

EMOP Risk / Return Rank: 76
EMOP Sharpe Ratio Rank: 77
EMOP Sortino Ratio Rank: 68
EMOP Omega Ratio Rank: 78
EMOP Calmar Ratio Rank: 78
EMOP Martin Ratio Rank: 79

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. EMOP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aptus Drawdown Managed Equity ETF (ADME) and AB Emerging Markets Opportunities ETF (EMOP). 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	EMOP	Difference
Sharpe ratio: Return per unit of total volatility	1.64	2.21	-0.58
Sortino ratio: Return per unit of downside risk	2.30	2.81	-0.51
Omega ratio: Gain probability vs. loss probability	1.29	1.41	-0.12
Calmar ratio: Return relative to maximum drawdown	2.34	3.72	-1.39
Martin ratio: Return relative to average drawdown	9.68	13.88	-4.20

ADME vs. EMOP - Sharpe Ratio Comparison

The current ADME Sharpe Ratio is 1.64, which is comparable to the EMOP Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of ADME and EMOP, 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. EMOP - Drawdown Comparison

The maximum ADME drawdown since its inception was -27.49%, which is greater than EMOP's maximum drawdown of -12.88%. Use the drawdown chart below to compare losses from any high point for ADME and EMOP.

Drawdown Indicators

	ADME	EMOP	Difference
Max Drawdown Largest peak-to-trough decline	-27.49%	-12.88%	-14.61%
Max Drawdown (1Y) Largest decline over 1 year	-7.49%	-12.88%	+5.39%
Max Drawdown (3Y) Largest decline over 3 years	-15.67%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-23.43%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-27.49%	—	—
Current Drawdown Current decline from peak	-2.93%	-4.78%	+1.85%
Average Drawdown Average peak-to-trough decline	-7.89%	-2.00%	-5.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.80%	3.44%	-1.64%

Volatility

ADME vs. EMOP - Volatility Comparison

The current volatility for Aptus Drawdown Managed Equity ETF (ADME) is 4.57%, while AB Emerging Markets Opportunities ETF (EMOP) has a volatility of 10.76%. This indicates that ADME experiences smaller price fluctuations and is considered to be less risky than EMOP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ADME	EMOP	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.57%	10.76%	-6.19%
Volatility (6M) Calculated over the trailing 6-month period	8.63%	19.59%	-10.96%
Volatility (1Y) Calculated over the trailing 1-year period	10.73%	21.65%	-10.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.00%	21.57%	-8.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.45%	21.57%	-7.12%

ADME vs. EMOP - Expense Ratio Comparison

ADME has a 0.79% expense ratio, which is higher than EMOP's 0.70% expense ratio.

Dividends

ADME vs. EMOP - Dividend Comparison

ADME's dividend yield for the trailing twelve months is around 0.38%, less than EMOP's 0.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%
EMOP AB Emerging Markets Opportunities ETF	0.85%	0.27%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ADME and EMOP in my portfolio?

ADME and EMOP have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ADME or EMOP?

EMOP has higher volatility (10.76%) compared to ADME (4.57%). In terms of maximum drawdown, ADME dropped -27.49% vs EMOP's -12.88%.

Which ETF is better, ADME or EMOP?

On 1-year performance, EMOP leads with 47.69% vs 17.42% for ADME. On fees, EMOP is cheaper at 0.70% per year. On volatility, ADME has been the lower-risk option at 4.57%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ADME or EMOP?

Over the 1-year period, EMOP has performed better with a 47.69% return vs 17.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ADME or EMOP?

EMOP is cheaper with a 0.70% expense ratio, compared with 0.79% for ADME.

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

EMOP has the higher dividend yield at 0.85%, compared with 0.38% for ADME.

What is the main difference between ADME and EMOP?

ADME is categorized as Hedge Fund, while EMOP is Emerging Markets Equities. They also come from different issuers: Aptus Capital Advisors and AllianceBernstein. Their fees differ too: 0.79% for ADME and 0.70% for EMOP.

Which has better risk-adjusted returns?

EMOP currently has the higher Sharpe Ratio (2.21 vs 1.64), 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.